Disclosures

Funds Availability Disclosure

Your ability to withdraw funds at:
westbury bank
200 South Main Street
West Bend, WI 53095

This policy statement applies to "transaction" accounts. Transaction accounts, in general, are accounts that permit an unlimited number of payments to third persons and an unlimited number of telephone and pre-authorized transfers to other accounts of yours with us. Checking accounts are the most common transaction accounts. Feel free to ask us whether any of your other accounts might also be under this policy.

Transaction Accounts

Our policy is to make funds from your cash and check deposits available to you on the first business day after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once the funds are available, you can withdraw them in cash and we will use the funds to pay checks that you have written.

Please remember that even after we have made funds available to you, and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit.

For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit before closing on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after closing or on a day we are not open, we will consider that the deposit was made on the next business day we are open.

If we cash a check that is drawn on another bank, we may withhold the availability of a corresponding amount of funds that are already in your account. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it.

If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited.

Longer Delays May Apply

Case-by-case delays - In some cases we will not make all of the funds that you deposit by check available to you on the first business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the fifth business day after the day of your deposit. The first $200 of your deposits, however, may be available on the first business day.

If we are not going to make all of the funds from your deposit available on the first business day, we will notify you at the time that you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice the day after we receive your deposit.

If you need the funds from a deposit right away, you should ask us when the funds will be available.

Safeguard exceptions - In addition, funds you deposit by check may be delayed for a longer period under the following circumstances:

  • We believe a check you deposited will not be paid.
  • You deposit checks totaling more than $5000 on any one day.
  • You deposit a check that has been returned unpaid.
  • You have overdrawn your account repeatedly in the last six months.
  • There is an emergency such as a failure of computer or communications equipment.
  • We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the eleventh business day after the day of your deposit.

Special Rules for New Accounts

If you are a new customer, the following special rules will apply during the first 30 days your account is open.

Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers, and the first $5000 of a day's total deposits of cashier's, certified, teller's, traveler's, and federal, state and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be payable to you (and you may have to use a special deposit slip). The excess over $5000 will be available on the ninth business day after the day of your deposit. If your deposit of these checks (other than a U. S. Treasury check) is not made in person to one of our employees, the first $5000 will not be available until the second business day after the day of your deposit.

Funds from all other check deposits will be available on the tenth business day after the day of your deposit.

Longer Delays May Apply

The availability of your funds will be delayed for an additional reasonable period of time under the following circumstances: We have reason to believe that a check deposit to your account will not be paid. Your account has been open for thirty days or less.

IDEAL REWARDS CHECKING

  • No Minimum Balance requirement
  • Premium Interest Paid on balance up to $15,000.00 when qualifications are met
    • Qualifications:
      Fifteen (15) debit card transactions excluding ATM are required to meet the Rewards qualifications
      One (1) Direct Deposit or Automatic Debit.
      Online Banking must be accessed at least once a month.
      e-Statement
  •  ALL foreign ATM fees will be reimbursed when qualifications are met
  • Optional Paper Statement cost of $2.95 per statement
  • Limited to 1 account per customer

Rate Information - Your interest rate and annual percentage yield may change

Frequency of rate changes - We may change the interest rate on your account at anytime.

Determining of rate - At our discretion, we may change the interest rate on your account.

Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.

Minimum balance to open the account - You must deposit $50.00 to open this account.

Daily balance computation method - We use 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.

Accrual of interest on non-cash deposits - Interest begins to accrue on the first business day after the banking day you deposit non-cash items (for example, checks).

Fees: An inactivity fee of $5.00 will be charged each month to accounts with no activity for 60 days and a balance of less than $100.00. 

ESSENTIAL CHECKING

Minimum Balance to open the account - You must deposit $50.00 to open this account.

  • No Minimum Balance Requirement
  • Account does not pay interest
  • Optional Paper Statement cost of $2.95 per statement

Fees: An inactivity fee of $5.00 will be charged each month to accounts with no activity for 60 days and balance of less than $100.00.

ESSENTIAL PLUS CHECKING

  • $2,500 Minimum Balance in this account or in related account relationships (including loan accounts)
  • Monthly fee of $5.95 if minimum balance and account activity requirements are not met
  • Qualification: (1) Direct Deposit
  • Interest paid on the entire balance
  • Optional Paper Statement cost of $2.95 per statement

Rate Information - Your interest rate and annual percentage yield may change
Frequency of rate changes - We may change the interest rate on your account at anytime.
Determining of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
Minimum balance to open the account - You must deposit $50.00 to open this account.
Daily balance computation method - We use 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.
Accrual of interest on non-cash deposits - Interest begins to accrue on the first business day after the banking day you deposit non-cash items (for example, checks).
Fees: An inactivity fee of $5.00 will be charged each month to accounts with no activity for 60 days and a balance of less than $100.00. 

PREMIER CHECKING ACCOUNT

  • $5,000 Minimum Average Balance in this account
  • Monthly fee of $5.95 if Minimum Average Balance Requirement is not met
  • Interest Paid at Rate Tiers:
    • $.01 - $4,999
    • $5,000 - $14,999
    • $15,000 - $24,999
    • $25,000 - $49,999
    • $50,000+
  • No monthly maintenance fee
  • Optional Paper Statement cost of $2.95 per statement

Rate Information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We may change the interest rate on your account at anytime.
Determining of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
Minimum balance to open the account - You must deposit $50.00 to open this account.
Daily balance computation method - We use 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.
Accrual of interest on non-cash deposits - Interest begins to accrue on the first business day after the banking day you deposit non-cash items (for example, checks).
Fees: An inactivity fee of $5.00 will be charged each month to accounts with no acitivity for 60 days and a balance of less than $100.00. 

PREMIER PLUS 55

  • For customers 55 or better
  • Premier Checking benefits PLUS: Direct Deposit of $500.00 a month waives the $5,000.00 minimum balance requirement and gives you the choice of paper statements or e-Statements.

Rate  Information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding  and crediting  frequency  -  Interest will be compounded every month. Interest will be credited to your account every month.
Minimum balance to open the account - You must deposit $50.00 to open this account.
Daily  balance  computation  method  -  We use 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.
Accrual of interest on non-cash deposits - Interest begins to accrue on the first business day after the banking day you deposit non-cash items (for example, checks).
Fees: An  inactivity fee of $5.00 will be charged each month to accounts with no activity for 60 days and a balance of less than $100.00. A monthly fee of $5.95 applies if Direct Deposit or Minimum Average Balance Requirement is not met.

DAILY SAVINGS ACCOUNT

Rate Information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We may change the interest rate on your account at anytime.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every quarter. Interest will be credited to your account every quarter.
Minimum balance to open the account - You must deposit $50.00 to open this account.
Minimum balance to avoid imposition of fees - A monthly service fee of $2.00 will be imposed every month if the balance in the account falls below $200.00 any day of the month. This fee will be waived for students 18 years of age and younger.
Daily balance computation method - We use 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.
Accrual of interest on non-cash deposits - Interest begins to accrue on the first business day after the banking day you deposit non-cash items (for example, checks).
Transaction limitations: Transfers from a Statement Savings account/Passbook Savings account to another account or to third parties by preauthorized, automatic, telephone or computer transfer are limited to six per calendar month with no transfers by check, draft, or similar order to third parties. $10.00 fee per item if limit exceeded.

SUPER SAVINGS ACCOUNT

Rate Information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We may change the interest rate on your account at anytime.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every quarter. Interest will be credited to your account every quarter.
Minimum Balance to open the account - You must deposit $5,000 to open this account.
Minimum balance to avoid imposition of fees - A monthly service fee of $2.00 will be imposed every month if the balance in the account falls below $200.00 any day of the month. This fee will be waived for students 18 year of age and younger.
Daily balance computation method - We use 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.
Accrual of interest on non-cash deposits - Interest begins to accrue on the first business day after the banking day you deposit non-cash items (for example, checks).
Transaction limitations - Transfers from a Super Savings account to another account or to third parties by preauthorized, automatic, telephone or computer transfer are limited to six per calendar month with no transfers by check, draft, or similar order to third parties. $10.00 fee per item if limit exceeded.

HEALTH SAVINGS ACCOUNT

Minimum Balance to open the account - You must deposit $0 to open this account.

Interest Paid at Rate Tiers:

  • $.01-$999
  • $1,000-$2,499
  • $2,500-$4,999
  • $5,000 and above

No account maintenance fee
No minimum balance

Rate Information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We may change the interest rate on your account at anytime.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency -  Interest is paid on the daily balance and is compounded monthly on checking products.
Minimum balance to avoid imposition of fees - No maintenance fee.  
Daily balance computation method - We use 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.
Accrual of interest on non-cash deposits - Interest begins to accrue on the first business day after the banking day you deposit non-cash items (for example, checks).
Transaction limitations - There are no transaction limitations.

PREMIER MONEY MARKET ACCOUNT

Minimum balance to open the account - You must deposit $5,000.00 to open this account.

Interest Paid at Rate Tiers:

    • $.01 - $24,999
    • $25,000 - $49,999
    • $50,000 - $99,999
    • $100,000 - $249,999
    • $250,000+
  • Optional Paper Statement cost of $2.95 per statement

Rate Information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
Minimum balance to open the account - You must deposit $5,000 to open this account.
Minimum balance to avoid imposition of fees - A monthly service fee of $10.00 will be imposed every month if the balance in the account falls below $1,000.00 any day of the month.
Daily balance computation method - We use 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.
Accrual of interest on non-cash deposits - Interest begins to accrue on the first business day after the banking day you deposit non-cash items (for example, checks).
Transaction limitations - Transfers from a Premier Money Market account to another account or to third parties by preauthorized, automatic, telephone or computer transfer or by check or similar order to third parties are limited to six per calendar month. A fee of $10.00 will be charged for each item exceeding the limit.
Fees: An inactivity fee of $5.00 will be charged each month to accounts with no activity for 60 days and a balance of less than $100.00.

Rapid Refinance

  • Annual Percentage Rate (APR) and closing costs are based on a first mortgage with a maximum amount of $100,000 and loan-to-value ratio of 65% or less.
  • Cost for appraisal will be paid by the borrower for non-single family home.
  • For a 100,000 loan, the borrow will make 120 monthly principal and interest payments of $997.19. These payments do not include amounts for taxes and insurance premiums which, if applicable, would make them actual monthly payment obligation greater.
  • These terms are available for refinance loans only.
  • Loan must meet underwriting requirements which include a minimum FICO score of 700.
  • Rate and terms are subject to change.

COMMON FEATURES

The following fees may be assessed against your account and the following transaction limitations, if any, apply to your account.

Check Printing Fee Depends on style of check ordered
Money Orders (issued in amount less than $1,000.00) $5.00 each
Official Checks $8.00
Deposited checks (and other items) returned unpaid $25.00
Garnishments $100.00
Collections $50.00
IRS levies $100.00
Non-sufficient funds (NSF)  The categories of transactions for which an overdraft fee may be imposed are those by any of the following means: check, in-person withdrawal, ATM withdrawal, or other electronic means. 
Non-sufficient funds (NSF) fee per item - PAID  $35.00 
Non-sufficient funds (NSF) fee per item - Returned  $35.00 
Continuous overdraft fee*  $7.00 
Account Activity Printout  $5.00 
Special statement cutoff  $15.00 per month
Account research  $25.00 per 1/2 hour 
Account balancing assistance  $25.00 per 1/2 hour 
Debit card disputes $25.00
Stop payments (all items)  $35.00 
Rejected Items from non-approved vendor  $10.00 
Accounts closed within 90 days of opening  $25.00 
Copy of paid official check  $15.00
Domestic wire transfers - Outgoing $25.00
Domestic wire transfers - Incoming $15.00
Foreign wire transfers - Outgoing $50.00
Foreign wire transfers - Incoming $15.00
Return Mail $5.00
Non-customer check cashing $10.00
Image Return Processing Fee $4.95 per month
Banker-assisted phone transfer $5.00

*Accounts remaining at a negative balance for four consecutive days will be assessed this fee each business day until the balance is positive.

We may require not less than 7 days notice in writing before each withdrawal from an interest bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty. See your notice of penalty for early withdrawal.

Overdraft Counseling

EQUAL HOUSING DISCLOSURE

WE DO BUSINESS IN ACCORDANCE WITH FEDERAL FAIR LENDING LAWS.

UNDER THE FEDERAL FAIR HOUSING ACT, IT IS ILLEGAL, ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, RELIGION, SEX, HANDICAP, OR FAMILIAL STATUS (HAVING CHILDREN UNDER THE AGE OF 18), TO:

  • Deny a loan for the purpose of purchasing, constructing, improving, repairing, or maintaining a dwelling, or to deny any loan secured by a dwelling; or
  • Discriminate in fixing the amount, interest rate, duration, application procedures, or other terms or conditions of such a loan or in appraising property.

IF YOU BELIEVE YOU HAVE BEEN DISCRIMINATED AGAINST, YOU SHOULD SEND A COMPLAINT TO:
Assistant Secretary of Fair Housing and Equal Opportunity
Department of Housing and Urban Development
Washington, D.C. 20410
For processing under the Federal Fair Housing Act

AND TO:
Office of the Comptroller of the Currency
Customer Assistance Group (CAG)
1301 McKinney Street, Suite 3450
Houston, Texas 77010-9050
For processing under Office of the Comptroller of the Currency Regulations

UNDER THE EQUAL CREDIT OPPORTUNITY ACT, IT IS ILLEGAL TO DISCRIMINATE IN ANY CREDIT TRANSACTION:

  • On the basis of race, color, national origin, religion, sex, marital status, or age;
  • Because income is from public assistance; or
  • Because a right has been exercised under Consumer Credit Protection Act.

IF YOU BELIEVE YOU HAVE BEEN DISCRIMINATED AGAINST, YOU SHOULD SEND A COMPLAINT TO:
Office of the Comptroller of the Currency
Customer Assistance Group (CAG)
1301 McKinney Street, Suite 3450
Houston, Texas 77010-9050

Printer-Friendly

Online Banking

Retail Online Business Online

Have an account? Enroll Learn More

Back to Top