ACCOUNT DISCLOSURES
Please read these Account Disclosures carefully. These terms apply to your Deposit Account provided by Bangor Savings Bank in connection with Wallbit LLC. Capitalized terms not defined in these Account Disclosures shall have meanings set forth in the Deposit Account Agreement and Debit Card Agreement.
TRUTH IN SAVINGS DISCLOSURES
Account Type:
☒ Consumer ☐ Commercial
☒ Checking/Transactional Account ☐ Savings ☒ Debit Card
FDIC Insurance:
☒ Your Account is eligible for FDIC insurance, up to applicable federal limits, as set forth in your Agreement.
☐ Your Account is not FDIC-insured.
Interest:
☒ Your Account is a non-interest bearing account.
Minimum Balance:
☒ There is no minimum balance to open your Account.
Transaction Limits
Your Account is subject to all the limitations set forth in your Bangor Savings Bank Deposit Account Agreement (“Deposit Account Agreement”), Bangor Savings Bank Debit Card Agreement (“Debit Card Agreement”) and any other agreement between you and us. In addition, the following transaction limits apply by default:
Limit | Amount |
ACH/Wire Inbound Transaction Limit | $10,000 Daily / $10,000 Monthly |
ACH/Wire Outbound Limit | $5,000 Daily / $10,000 Monthly |
ATM Withdrawal Limit | $2,000 Daily / $10,000 Monthly |
Debit Card Transaction Limit | $2,000 Daily / $10,000 Monthly |
Your limits may be increased or decreased depending on your verification tier, and risk scoring of your account. Please see Wallbit terms of service for more information: https://help.wallbit.io/es/articles/8532080-terms-of-service
Account access and transactions are only made available to you on the Wallbit mobile application. Deposits to your Account may only be made by ACH or wire transfers. Withdrawals from your Account may only be made by ACH or wire transfers. Withdrawals may be initiated on the Wallbit mobile application, and/or by making purchases and ATM withdrawals on your Card, if one is issued to you with your Account. You may not make transactions, view information, or access the funds in your Account using services such as Bangor Online, Bangor Mobile, Telephone Banking, or any services available within each of these platforms. You may not deposit cash or checks in your Account, even if your Card allows you ATM access to cash. You may not make transactions or access your Account using Bangor Savings Bank’s branches.
Fee Schedule
You agree to pay all applicable fees on your Account, which are disclosed in your Deposit Account Agreement, Debit Card Agreement (if applicable), and any other agreement you have with us. In addition, you agree to pay the following fees:
Fee | Amount | When the Fee Will Be Imposed |
Bank ATM Transaction | $0 |
|
Third-Party ATM Transaction | $0 | The third-party ATM operator may charge you a fee. |
Monthly Maintenance Fee | $0 |
|
Virtual card fee | $0 | Issue a virtual card |
Virtual card replacement fee | $0 | Issue a new virtual card |
Physical Card fee | $35 | Issue a physical card |
Physical Card Replacement Fee | $35 | Issue a replacement for your physical card |
International Transaction Fee | $0 |
|