First International Bank & Trust
Health Savings Account

This disclosure contains the rules which govern your deposit account. Unless it would be inconsistent to do so, words and phrases used in this disclosure should be construed so that the singular includes the plural and the plural includes the singular

The current interest rate and annual percentage yield for this account may be obtained by calling us at 1-800-359-8092.

We reserve the right to at any time require not less than 7 days notice in writing before any withdrawal from an interest bearing account.

The interest rate for your account is a variable rate. The interest rate and annual percentage yield for your account depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers may change.

Determination of rate:
At our discretion, we may change the interest rate on your account.

Frequency of rate change:We may change the interest rate on your account at any time.

Minimum Balance Requirements: To avoid the imposition of the service charge fee you must meet the following requirements: A service charge of $3.00 will be imposed every statement cycle if the balance in the account falls below $2500.00 any day of the statement cycle after the first 12 months. The period we use is the monthly statement cycle.

Interest will be compounded every statement cycle. Interest will be credited every statement cycle

If you close your account before interest is credited, you will not receive the accrued interest.

We use the average daily balance method to calculate 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.

Accrual of interest on non-cash deposits:Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items, for example, checks.

Additional Terms:
  • Check printing fee depends on style ordered.
  • Complimentary FIB&T custom design checks are available.
  • A fee of $0.50 will be charged for each check not ordered through First International Bank & Trust, which cannot be automatically processed.
  • When processing checks drawn on your account, our policy is to pay checks in numerical sequence. Lower check numbers are paid first.
  • We charge a $30.00 Paid Overdraft Item Fee for each item that would create an overdraft or non-sufficient funds balance on your account that we choose to pay at our discretion.
  • We charge a $30 Returned Item Fee for each item that would create an overdraft or non-sufficient funds balance on your account that is returned.
  • We also charge a $30 Continuous Overdraft Balance Fee each 7th calendar day the account reamins overdrawn. If the 7th day is a non-processing day (Saturday, Sunday, or a Holiday), the fee will be assessed to the account on the business day prior to the non-processing day.
  • An overdraft or non-sufficient funds or negative balance may result from the (1)payment of checks, in-person withdrawals, recurring debit card transactions or other electronic funds transfers, or other withdrawal requests you initiate; (2)payments authorized by you; (3)the return of unpaid items you deposited; (4)charging your account for our applicable service charges and fees; or (5)the deposit of items to your account which according to our Funds Availability Policy, are treated as not yet "available" or "finally paid".
  • Each stop payment requested will be charged $30/per item or $60 per range of items.
  • An early account closing charge of $10.00 will be assessed on any account that has been open less than 6 months.
  • If you use an automated teller machine that is not operated by us, you may be charged a fee by the operator of the ATM or network.
  • If you conduct a transaction with the ATM/Debit card in a foreign country, there will be an International Service Assessment or an International Currency Conversion fee of up to one percent (1%) of the transaction amount that will be included in the transaction that appears on your monthly statement.
  • Refer to the Fee Schedule for charges for other requested services.
Average Daily Balance APY* Interest Rate
$0 - $2,499.99 For current interest rate and annual percentage yield information, please call 1-800-359-8092.
$2,500 - $9,999.99  
$10,000 and up  

*APY = Annual Percentage Yield
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First International Bank & Trust © 2014
100 North Main
Watford City, North Dakota 58854
Equal Opportunity Lender
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