PERSONAL CHECKING ACCOUNTS
- $100 minimum opening deposit
- No account maintenance fee or per item charge on accounts with a minimum daily balance of $700 or more, or an average daily balance of more than $1,200 during the monthly statement cycle.
- For accounts not meeting either balance requirement, the account maintenance fee is $8.00 per monthly statement cycle, plus a per item charge of 25¢ per check paid or deposited.
PERSONAL INTEREST-ON-CHECKING ACCOUNTS
- This is an interest-bearing checking account. Interest is compounded daily, accrued on collected balances, and credited to your account monthly. ***
- Daily balance computation method used to calculate interest.*
- $100 minimum opening deposit
- No account maintenance fee or per item charge on accounts with a minimum daily balance of $1,500 or more, or an average daily balance of more than $2,500 during the monthly statement cycle.
- For accounts not meeting either balance requirement, the account maintenance fee is $10.00 per monthly statement cycle, plus a per item charge of 25¢ per check paid or deposited.
PERSONAL MONEY MARKET CHECKING ACCOUNTS
This is an interest-bearing checking account that earns Personal Money Market rate when the average daily balance is $2,500 or more.
- Earns Personal Interest-On-Checking rate when balance falls below $2,500.
- Interest is compounded daily, and credited to your account monthly. ***
- Average daily balance computation method used to calculate interest.**
- $1,000 minimum opening deposit
- No account maintenance fee or per item charge on accounts with a minimum daily balance of $2,500 or more, or an average daily balance of more than $3,500 during the monthly statement cycle.
- For accounts not meeting either balance requirement, the account maintenance fee is $12.00 per monthly statement cycle, plus a per item charge of 25¢ per check paid or deposited.
PREMIUM MONEY MARKET CHECKING ACCOUNTS
This is an interest-bearing checking account that earns Premium Money Market rate when the average daily balance is $20,000 or more.
- Earns Personal Money Market rate when balance falls below $20,000, or Personal Interest-On-Checking rate when balance falls below $2,500. Interest is compounded daily and credited to your account monthly.***
- Average daily balance computation method used to calculate interest.**
- $20,000 minimum opening deposit
- No account maintenance fee or per item charge on accounts with a minimum daily balance of $2,500 or more, or an average daily balance of more than $3,500 during the monthly statement cycle.
- For accounts not meeting either balance requirement, the account maintenance fee is $14.00 per monthly statement cycle, plus a per item charge of 25¢ per check paid or deposited.
PERSONAL SAVINGS ACCOUNTS
- Interest is compounded daily and paid quarterly on this account.***
- Daily balance computation method used to calculate interest.*
- $200 minimum opening deposit
- No low balance charge with a minimum daily balance of $200 or more during the monthly cycle.
- For accounts not meeting the balance requirement, the low balance charge is $4.00 per month.
- Transfers from a Savings Account to another account or to third parties by preauthorized, automatic, telephone, computer transfer or debit card are limited to six per month. The charge for each additional withdrawal after six is $5.00.
DIRECT DEPOSIT
Direct Deposit is a convenient way to have payroll checks, government checks, benefit checks, dividend checks and other recurring payments made directly to your Regent Bank account. You do not have to go to the Bank to make your deposit, and there is no fee for Direct Deposit.
CERTIFICATES OF DEPOSIT
- $1,000 minimum investment
- Interest rates are tiered, based on the amount and term of the Certificate of Deposit.
- Available terms range from seven days to 18 months.
- The interest rate is fixed for the term of the Certificate of Deposit. Simple interest is paid at maturity. However, customer may choose to have interest paid monthly, quarterly, semi-annually or annually.
- Customer may choose to have interest paid by check, credited to a Regent Bank account, or reinvested in the Certificate of Deposit.
- Certificates of Deposit are automatically renewed unless otherwise requested.
- Substantial penalty for early withdrawal.
INDIVIDUAL RETIREMENT ACCOUNTS
An Individual Retirement Account is your personal tax sheltered retirement plan. Your contributions may be tax deductible, and the earnings may be tax deferred. Available plans include Keogh, SEP, Education, and others. A Regent Bank Customer Service Representative will be glad to assist you in establishing an Individual Retirement Account. Consult with your tax advisor.
FOREIGN CURRENCY EXCHANGE
Regent Bank offers quick and efficient currency exchange services at competitive prices. Services include buying and selling currency, and issuing foreign drafts.
ELECTRONIC BANKING
By using the Internet, you have the convenience of accessing banking services from anywhere in the world. This provides access to account information, with a bill-pay feature. We also offer Bank-By-Phone services, which gives you access to your account 24 hours a day, seven days a week.
Electronic Banking
| Internet Account Access |
No Charge |
| Internal Transfers |
No Charge |
| Check Images |
No Charge |
| Account History |
No Charge |
| Previous Statements |
No Charge |
| Online Bill-Paying |
$4.95 per month (unlimited payments)
|
| Bank-By-Phone |
No Charge |
INSTALLMENT LOANS
INSTALLMENT LOANS allow you to borrow now and pay later through equal payments on a regular monthly basis over a reasonable period of time. Contact us for details and loan requirements.
RESIDENTIAL MORTGAGE LOANS
Regent Bank offers residential mortgage loans for construction, home purchase, or refinancing. A Regent Bank
loan officer will work with you to create a loan package to fit your personal needs.
CHECK CARDS AND ATMs
Enjoy the convenience of a VISA Check Card to pay for purchases or make cash withdrawals anyplace worldwide that accepts VISA Credit Cards. With the Regent Bank VISA Check Card funds are automatically withdrawn directly from your account without the hassle of writing a check. Regent Bank ATM Cards can be used at thousands of ATMs
and Point of Sale terminals worldwide to make withdrawals or purchases anywhere you see STAR®, Cirrus, Plus, Presto!, VISA or MasterCard logo. There is no charge to apply for either of these cards. VISA Check Cards are subject to credit approval.
ATM Fees:
| Withdrawals |
|
| Regent Bank ATMs |
No Charge
|
| Other ATMs |
$.75 |
| Inquiries |
|
| Regent Bank ATMs |
No Charge |
| Other ATMs |
$.25 |
| Point-of-Sale |
No Charge |
REGENT BANK ATM LOCATIONS:
- 2205 S. University Drive, Davie
- 1100 S.E. Third Avenue, Ft. Lauderdale
- 568 Yamato Road, Boca Raton, FL 33431
- 1572 Palm Beach Lakes Boulevard, West Palm Beach
SAFE DEPOSIT BOXES
Safe deposit boxes are available in various sizes.
Safe Deposit Box fees:
Box Size/Yearly Rental
| 3" x 5" |
$ 25.00 |
| 3" x 10" |
$ 45.00 |
| 5" x 10" |
$ 80.00 |
| 10" x 10" |
$150.00 |
Key deposit: $20.00 (refundable)
Drilling cost: $100.00 plus locksmith’s fee
CHECKING ACCOUNT RELATED SERVICES
| Cashier’s checks: |
|
| Customer |
$5.00 |
| Non-customer |
$15.00 |
| Money orders: |
|
| Customer |
$3.00 |
| Non-customer |
$10.00 |
| Traveler’s checks: |
|
| Customer |
$1.50/$100.00 |
| Non-customer |
$2.00/$100.00 |
| Collections: |
|
| Coupons |
$10.00/env. |
| Outgoing |
|
| Clean |
$15.00 |
| Documentary |
$20.00 |
| Foreign |
$25.00 |
| Non-customer |
$25.00 |
| Incoming |
|
| Clean |
$15.00 |
| Documentary |
$20.00 |
| Coin roll |
$0.05/roll |
| Coin bag |
$1.00/bag |
| Currency |
$0.40/strap |
ADDITIONAL SERVICES
This is a schedule of prices on our most commonly used services and is not intended to be a complete listing. For more information on the additional services above, or on any of our other services, please contact us.
| Stop payments |
$25.00 |
| Wire transfers |
|
| Incoming: |
|
| Customers |
$10.00 |
| Non-customers |
$30.00 |
| Domestic outgoing: |
|
| Customers |
$15.00 |
| Non-customers |
$40.00 |
| Foreign outgoing: |
|
| Customers |
$40.00 |
| Non-customers |
$65.00 |
| Overdraft charges |
$28.50 per item |
| Uncollected funds |
$28.50 per item |
| Checks deposited and returned unpaid |
$6.00 |
| (Ret-chg back fee) |
|
| Research |
$25.00/hour |
| Close account — open less than 180 days |
$25.00 |
| Photocopy statement |
$4.00 |
| Instant statement |
$2.00 |
| Photocopy check |
$4.00 |
| Handle legal process against an account: |
|
| Attorney’s fees + |
$75.00/hour |
| Garnishments: Attorney’s fees + |
$75.00 |
| Levies: Attorney’s fees + |
$75.00 |
| Credit references |
$10.00 |
| Automatic transfers |
$2.00/transfer |
| Dormant account fee |
$15.00/month |
| Hold/Return mail fee |
$10.00/month |
| Account reconcilement |
$25.00/hour (as time allows) |
| Night depository |
No Charge |
| Bank-By-Mail |
No Charge |
| Bank-By-Phone |
No Charge |
| Internet banking — online access |
No Charge |
* Daily Balance - Applies a daily periodic rate to the principal in the account each day.
** Average Daily Balance - Applies a periodic rate to the average daily balance in the account for that period. The
average daily balance is calculated by adding the principal in the account 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.
*** If account is closed before interest is credited, accrued interest will be paid to the account holder.
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