Accounts and Services

The State Bank of Canton is participating in the FDIC's Transaction Account Guarantee Program. Under that program , all funds in a "non-interest bearing transaction account" are insured in full from December 31, 2010 through December 31, 2012.This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000.00 available to depositors under the FDIC's general deposit insurance rules.

The term "non-interest bearing transaction account" includes a traditional checking account or demand deposit account which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money-market deposit accounts, and Interest on Lawyers Trust Accounts (IOLTA).

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov

Accounts

Regular Checking Account

• $25 minimum balance required
• customer will receive monthly statement with check images
• online access 24 hours a day 7 days a week
• visa check card available
• ATM located at 103 S. Main, Canton, KS
• limited to 50 withdrawals per monthly statement cycle
• excess debit fee of $.10 per transaction after limit is reached

Regular Savings Account

• minimum balance to open $25.00
• interest paid quarterly on daily balance*
• limited to 6 withdrawals per statement cycle
• excess debit fee of $.50 per transaction after limit is reached

Regular Now Account

• minimum balance requirement $500.00
• service fee of $6.00 imposed each statement cycle that account falls below requirement
• interest paid monthly on daily balance*
• limited to 50 withdrawals per monthly cycle
• excess debit fee of $.10 per transaction after limit is reached
• incorporated accounts are not eligible for this type of account

Super Now Account

• minimum balance requirement $1000.00
• service fee of $10.00 imposed each statement cycle that account falls below requirement
• interest paid monthly on average daily balance**
• limited to 50 withdrawals per monthly statement cycle
• excess debit fee of $.10 per transaction after limit is reached

Money Market Account

• minimum balance requirement $1000.00
• service fee of $10.00 imposed each statement cycle that account falls below requirement
• interest paid monthly on average daily balance**
• limited to 6 withdrawals per monthly statement cycle
• excess debit fee of $1.00 per transaction after limit is reached

Hi Performance Money Market Account

• minimum balance requirement $10,000.00
• interest paid monthly on daily balance*
• interest rate and annual percentage yield will be based on the following Tiers:
  • Tier 1 $0.00 - $74,999.99
  • Tier 2 $75,000.00 +
• service fee of $10.00 imposed each statement cycle that account falls below requirement
• limited to 6 withdrawals per monthly statement cycle
• excess debit fee of $1.00 per transaction after limit is reached

*Daily balance computation method- We us the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

**Average daily balance computation method- We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle.

Visa Check Card

Need quick and easy access to your checking account? As a customer of the State Bank of Canton, you can receive a Visa Check Card with access to your checking account funds 24 hours a day, 7 days a week.

Take advantage of the convenience offered by our Visa Check Card. This versatile card will not only serve as an ATM card but is also accepted just like a check at any location that displays the VISA logo. Your purchases are deducted from your checking account and detailed on your monthly statement.

If you need cash, use the Surcharge-Free ATM at our location at:
103 S Main, Canton, KS.

Advantages of your Visa Check Card

• saves you time in the check-out line
• frees you from carrying cash or a checkbook
• means you no longer have to stock up on cash or Traveler's Cheques
• more readily accepted by merchants who display the Visa logo worldwide

LOST OR STOLEN CARD

If the card were to be lost or stolen, please notify us immediately at (620) 628-4425 or during non business hours at (877) 226-2351.

*The ATM operator may impose an additional ATM surcharge. Fees may apply.