Honor Plus Disclosure
This disclosure contains the rules which govern your deposit account. After 18 months of inactivity, your account will be classified as dormant and will be charge a monthly dormant fee if your account balance is less than $1,000.
Minimum Opening Deposit Requirements
To open this account you must deposit at least $50.00 or establish direct deposit.
Charges which may be applied to this account
- $2 Account Inquiry (in person)
- $2 Non Republic ATM Transaction
- $35 Overdraft Fee (per check or in-person, ATM or electronic withdrawal)
- $10 Cashier's Check
- $6 Overdraft Fee (per business day)
- $10 Chargeback
- $12.50 Dormant Account Fee (per Month)
- VAR Check Printing Order (Fee Depends on Style of Check Ordered)
- $1 Counter Check
- $35 Returned Item Charge (per item)
- $35 Stop Payment Request
NOTE: Monthly Service Fees are assessed on the statement cycle date. Please allow enough available funds to remain in the account to cover service fees and avoid an overdraft situation. If a direct deposit is received during a statement cycle, then a $7 credit will be applied to the account balance on the first business day of the following statement cycle.
DEBIT CARD AUTHORIZATION: Selected debit card transacations will be authorized by the Bank based on an unknown amount. This authorization amount may be greater than the actual amount of your purchases. In these cases the Bank will withhold the sum of $20.00 until the merchant posts the actual amount of your purchase against your account. This amount will be held to cover the transacation even if your purchase is less than the amount. Once the actual purchase amount is posted, the difference between the amount of the purchase, if less than $20.00, will be credited to your account balance. Republic Bank also reserves the right to refuse debit card transactions attempted at certain merchants.
After 12 months the account is eligible to convert to any approved Republic checking account provided it remains in ‘good standing’.
* Good Standing: Less than 3 NSF/OD items (0, 1, or 2) within each 3-month period. If the good standing guideline is not met, the account is subject to repeat the 3 month period in which the NSF/OD occurred. For the initial 6-month period, the good standing guideline is applied to the last 3 months.
