Truth in Savings Disclosure for Personal Accounts


TRUTH IN SAVINGS DISCLOSURE FOR PERSONAL ACCOUNTS

Thank you for choosing INTRUST Bank, N.A.! This disclosure offers an overview of our checking, savings, money market accounts, time deposits and individual retirement accounts ("IRA"). The overview includes balance and interest rate information. Please refer to the product brochures for account features and benefits.

The following definitions are applicable:

Non-cash Deposits: When you deposit a non-cash item (i.e., check), interest, if applicable, begins to accrue no later than the business day we receive credit for the deposit.

Balance Computation Method: We use the daily collected balance method to calculate the interest, if applicable, on your account. This method applies the daily periodic rate to the daily collected balance in the account each day.

Daily Collected Balance: The full amount of the collected principal balance in the account each day.

Average Collected Account Balance: The average collected account balance, when applicable, is calculated by adding the collected balance in the account for each day of the period and dividing the figure by the number of days in the period.

Month or Monthly cycle: An approximate four (4) week period or cycle, not necessarily a calendar month.

Fee Period: Period used to calculate the account maintenance fee. It is also used to count number of posted transactions to your account before charging. It is an approximate four (4) week period or cycle. Not necessarily a calendar month.

Statement Period: A period for which a statement showing posted transactions for the period is issued. May be monthly; quarterly; semi-annual or annual. If the last date of the statement period is a Saturday, Sunday, or federal holiday the statement date will be the next banking day.

Account Maintenance Fee: This fee may vary based upon the average collected account balance in your account and other factors. Please see each description below.

  • For deposit accounts, this is charged on the last day of the statement period.
  • For savings and money market accounts, this is charged at the end of each monthly cycle which may also be the statement cut-date.
  • Time Deposits and Individual Retirement Accounts are not affected.

Account Closing: If you close your account before interest is credited, or before ATM fees are refunded or rebated; you will not receive the accrued interest or the applicable ATM fee refunds or ATM fee rebates.

Fees: Refer to the current Personal Accounts Fee Schedule for a listing of fees that may be assessed.

INTRUST Essential Checking

Minimum Balance Requirements: To open this account, you must make a minimum deposit of $100. There is a $10 account maintenance fee each fee period. Avoid the account maintenance fee:

  • By being an individual under age 26; or
  • Having preauthorized credits (including direct deposits) totaling at least $250 during the statement period; or
  • Maintaining an average collected account balance of at least $1,000 in the account.

Fees: There is no charge for the first 25 domestic deposited items each fee period; a $0.25 fee will be assessed for each additional item, including items drawn on INTRUST Bank. (A deposited item is any item accompanying the deposit slip for the deposit being made to your account via a teller or mail. It does not include cash, ATM or electronic deposits.) Refer to the current Personal Accounts Fee Schedule for a listing of fees that may be assessed.

Total Service Charge Fee: The total service charge for each fee period is the sum of the account maintenance fee, other service charge fees and activity fees. If there are insufficient funds in the account to collect the total service charge fee in the fee period in which it is incurred, service charge fees collected will not exceed the available balance. The account maintenance fee will be waived for the first fee period after opening this account or changing to this account type.

INTRUST Advantage Checking

Rate Information: The interest rate and annual percentage yield for this account are found on the INTRUST Advantage Rates & Terms page. Interest will be calculated on the daily collected balance in your account, compounded and credited to your account each month.

Variable Rates: This account earns a variable rate of interest; the interest rate and annual percentage yield may change. At our discretion, INTRUST Bank may change the interest rate, thereby changing the annual percentage yield, at any time.

Minimum Balance Requirements: To open this account, you must make a minimum deposit of $100. There is a $15 account maintenance fee each fee period. Avoid the account maintenance fee by having a combined average collected account balance of $10,000 or more during the fee period.

The combined average collected account balance is calculated by adding the average collected account balance of all qualifying accounts and the principal balance of time deposits and IRAs. All qualifications are reviewed one business day prior to the last business day of your statement period ("time of qualification"). Accounts which qualify to be combined and the balances used for qualification are consumer:

  • Checking, savings and/or money market accounts: average collected account balance in each account combined at time of qualification. (excludes: allotment savings accounts); and/or
  • Time deposits and IRAs: current principal balance at time of qualification.

Prior Notice of Withdrawal: We may require you to give us seven (7) days written notice of your intent to withdraw money from your account. This notice would be a precondition to the withdrawal of any sum of money. By permitting withdrawals without notice, we do not waive our right to require such notice.

Fees: There is no charge for the first 25 domestic deposited items each fee period; a $0.25 fee will be assessed for each additional item, including items drawn on INTRUST Bank. (A deposited item is any item accompanying the deposit slip for the deposit being made to your account via a teller or mail. It does not include cash, ATM or electronic deposits.) Refer to the current Personal Accounts Fee Schedule for a listing of fees that may be assessed.

Refund of INTRUST ATM transaction fees: Each statement period, INTRUST Bank will refund (credit) your account up to $6 for INTRUST ATM transaction fees INTRUST Bank charges for your use of an ATM owned by another financial institution. These fees will be refunded to your account as a lump sum at the end of the statement period.

Rebate of ATM Fees Imposed By Another Financial Institution: Each statement period, INTRUST Bank will rebate (credit) your account up to $6 for fees imposed by other financial institutions for your use of their ATMs. These fees will be rebated to your account as a lump sum at the end of the statement period. All rebates credited to your account for these ATM fees will be reported to the IRS as interest earned. These fees will be rebated up to $6 for ATM fees imposed by another financial institution only if the average collected account balance in your account is equal to or greater than zero ($0) at the time of qualification.

Total Service Charge Fee: The total service charge for each fee period is the sum of the account maintenance fee, other service charge fees and activity fees. If there are insufficient funds in the account to collect the total service charge fee in the fee period in which it is incurred, service charge fees collected will not exceed the available balance. The account maintenance fee will be waived for the first fee period after opening this account or changing to this account type.

INTRUST Elite Checking

Rate Information: The interest rate and annual percentage yield for this account are found on the INTRUST Elite Rates & Fees page. Interest will be calculated on the daily collected balance in your account, compounded and credited to your account each month.

Variable Rates: This account earns a variable rate of interest; the interest rate and annual percentage yield may change. At our discretion, INTRUST Bank may change the interest rate, thereby changing the annual percentage yield, at any time.

Minimum Balance Requirements: To open this account, you must make a minimum deposit of $100. There is a $30 account maintenance fee each fee period. Avoid the account maintenance fee by having:

  • A combined average collected account balance of $100,000 or more during the fee period;
  • OR
  • An INTRUST Wealth Management Account*.

The combined average collected account balance is calculated by adding the average collected account balance of the qualifying accounts and the principal balance of time deposits and IRAs. All qualifications are reviewed one business day prior to the last business day of your statement period ("time of qualification"). Accounts which qualify to be combined and the balances used for qualification are consumer:

  • Checking, savings and/or money market accounts: average collected account balance in each account combined at time of qualification (excludes: allotment savings accounts); and/or
  • Time deposits and IRAs current principal balance at time of qualification;
  • OR
  • INTRUST Wealth Management Account*.

* The following are the INTRUST Wealth Management Account qualifying accounts: Revocable Trust accounts with a living grantor; Individual Investment Management Agency (IMA) accounts with a living principal; IMA accounts with a revocable trust as principal; IRAs with a living owner or beneficiary; and ROTH IRAs with a living owner.

Prior Notice of Withdrawal: We may require you to give us seven (7) days written notice of your intent to withdraw money from your account. This notice would be a precondition to the withdrawal of any sum of money. By permitting withdrawals without notice, we do not waive our right to require such notice.

Fees: There is no charge for the first 25 domestic deposited items each fee period; a $0.25 fee will be assessed for each additional item, including items drawn on INTRUST Bank. (A deposited item is any item accompanying the deposit slip for the deposit being made to your account via a teller or mail. It does not include cash, ATM or electronic deposits.) Refer to the current Personal Accounts Fee Schedule for a listing of fees that may be assessed.

Refund of INTRUST ATM transaction fees: Each statement period, INTRUST Bank will refund (credit) your account for INTRUST ATM transaction fees, at the time of transaction, that INTRUST Bank would normally charge for your use of an ATM owned by another financial institution.

Rebate of ATM Fees Imposed By Another Financial Institution: Each statement period, INTRUST Bank will rebate (credit) your account for fees imposed by other financial institutions for your use of their ATMs. All rebates credited to your account for these ATM fees will be reported to the IRS as interest earned. Your average collected account balance must be equal to or greater than zero ($0) at the time of the ATM transaction to receive the fee rebate.

Total Service Charge Fee: The total service charge each fee period is the sum of the account maintenance fee, other service charge fees and activity fees. If there are insufficient funds in the account to collect the total service charge fee in the fee period in which it is incurred, service charge fees collected will not exceed the available balance. The account maintenance fee will be waived for the first fee period after opening this account or changing to this account type.

INTRUST Regular Savings

Rate Information: The interest rate and annual percentage yield for this account are found on the INTRUST Regular Savings Rates & Fees page. Interest will be calculated on the daily collected balance in your account, compounded and credited to your account each month.

Variable Rates: This account earns a variable rate of interest; the interest rate and annual percentage yield may change. At our discretion, INTRUST Bank may change the interest rate, thereby changing the annual percentage yield, at any time.

Minimum Balance Requirements: To open this account, you must make a minimum deposit of $100. There is a $5 account maintenance fee each fee period. Avoid the account maintenance fee by having an average collected account balance of $300 in this account. The average collected account balance will be determined one business day prior to the last business day of your fee period.

Fees: There is no charge for the first 25 domestic deposited items each fee period; a $0.25 fee will be assessed for each additional item, including items drawn on INTRUST Bank. (A deposited item is any item accompanying the deposit slip for the deposit being made to your account via a teller or mail. It does not include cash, ATM transactions or electronic deposits.) Refer to the current Personal Accounts Fee Schedule for a listing of fees that may be assessed.

Transaction Limitations: Federal regulation allows you to make six (6) transfers or withdrawals from your account per monthly cycle, including preauthorized, automatic or telephone transfers. Each subsequent transfer or withdrawal will be charged $10 in addition to other fees and charges.

Total Service Charge Fee: The total service charge is the sum of the account maintenance fee, other service charge fees and activity fees. The account maintenance and deposited item fees will be waived for the first fee period after opening this account or changing to this account type.

INTRUST Youth Savings

Rate Information: The interest rate and annual percentage yield for this account are found on the INTRUST Youth Savings Rates & Fees page. Interest will be calculated on the daily collected balance in your account, compounded and credited to your account each month.

Variable Rates: This account earns a variable rate of interest; the interest rate and annual percentage yield may change. At our discretion, INTRUST Bank may change the interest rate, thereby changing the annual percentage yield, at any time.

Minimum Balance Requirement: To open this account, you must make a minimum deposit of $10. There is no account maintenance fee. First named owner on this account must be under the age of 18. When the first named owner turns 18, the account will automatically transfer to an INTRUST Regular Savings account.

Fees: Refer to the current Personal Accounts Fee Schedule for a listing of fees that may be assessed.

Transaction Limitations: Federal regulation allows you to make six (6) transfers or withdrawals from your account per monthly cycle, including preauthorized, automatic or telephone transfers. Each subsequent transfer or withdrawal will be charged $10 in addition to other fees and charges.

Service Charge Fee: The total service charge each fee period is the sum of the account maintenance fee, other service charge fees and activity fees.

INTRUST Money Market Savings

Rate Information. Interest will be calculated on the daily collected balance in your account. Interest will be based on tiers; only one tier of interest will be applied to your account per day. The collected balance in your account will determine which tier of interest will be used to calculate your interest for that day. Interest will be compounded and credited to your account on a monthly basis. The interest rate and annual percentage yield for this account are found on the INTRUST Money Market Savings Rates & Fees page.

Variable Rates: This account earns a variable rate of interest; the interest rate and annual percentage yield may change. At our discretion, INTRUST Bank may change the interest rate on each tier, thereby changing the annual percentage yield, at any time.

Minimum Balance Requirements: To open this account, you must make a minimum deposit of $5,000. There is a $10 account maintenance fee each fee period. Avoid the account maintenance fee by having a $5,000 average collected account balance in this account for each fee period. The average collected account balance will be determined one business day prior to the last business day of your fee period.

Fees: There is no charge for the first 25 domestic deposited items each fee period; a $0.25 fee will be assessed for each additional item, including items drawn on INTRUST Bank. (A deposited item is any item accompanying the deposit slip for the deposit being made to your account via a teller or mail. It does not include cash, ATM transactions or electronic deposits.) Refer to the current Personal Accounts Fee Schedule for a listing of fees that may be assessed.

Transaction Limitations: Federal regulation allows you to make six (6) transfers or withdrawals from your account per monthly cycle, including preauthorized, automatic or telephone transfers. Each subsequent transfer or withdrawal will be charged $10 in addition to other fees and charges.

Total Service Charge Fee: The total service charge each fee period is the sum of the account maintenance fee, other service charge fees and activity fees. The account maintenance and deposited item fees will be waived for the first fee period after opening this account or changing to this account type.

Single Maturity Time Deposit (TD) *

Rate Information: The interest rate and annual percentage yield for this account are found on the Time Deposit Rates & Terms page. You will be paid this rate until the account matures. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. Interest will be compounded on a daily basis and credited at the frequency that is indicated on the Time Deposit Receipt.

Minimum Balance Requirements: To open this account, you must deposit a minimum of $500 for a Regular TD or $2,500 for a Regular TD with a maturity of less than one (1) year.

Transaction Limitations: You may not make deposits into or withdrawals from this account until the maturity date.

Renewal Policy: This account will not automatically renew at maturity. If you do not renew the account, your account will not earn interest after the maturity date.

Early Withdrawal Penalty: A penalty may be imposed if you withdraw any of the deposited funds before the maturity date as follows:

  • Term 7-31 days equal to 30 days of interest
  • Term 32-89 days equal to 60 days of interest
  • Term 90 days to 12 months equal to 3 months of interest
  • Term greater than 12 months equal to 6 months of interest

Penalties are computed on a 360-day basis using the simple interest (non-compounded) rate being paid on the time deposit on the date of withdrawal. If accrued interest at the time of withdrawal is less than the penalty, the principal of your time deposit may be reduced to pay the penalty.

* An account where the consumer generally does not have a right to make withdrawals unless the deposit is subject to an early withdrawal penalty. INTRUST Bank Time Deposits are similar to Certificates of Deposit (CDs) but are issued with a Receipt and not a Certificate.

Automatically Renewable Time Deposit (TD) *

Rate Information: The interest rate and annual percentage yield for this account are found on the Time Deposits Rates & Terms page. You will be paid this rate until the account matures. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. Interest will be compounded on a daily basis and credited at the frequency that is indicated on the Time Deposit Receipt.

Minimum Balance Requirements: To open this account, you must deposit a minimum of $500 for a Regular TD or $100,000 for a Jumbo TD.

Transaction Limitations: You may not make deposits into or withdrawals from this account until the maturity date.

Renewal Policy: This account will automatically renew at maturity at the standard time deposit rate available at that time for this maturity. You will have a grace period of ten (10) calendar days after the maturity date to deposit, change terms, or withdraw from the account without a penalty. If funds are withdrawn, you will not receive interest during the ten (10) day grace period.

Early Withdrawal Penalty: A penalty may be imposed if you withdraw any of the deposited funds before the maturity date as follows:

  • Term 7-31 days equal to 30 days of interest
  • Term 32-89 days equal to 60 days of interest
  • Term 90 days to 12 months equal to 3 months of interest
  • Term greater than 12 months equal to 6 months of interest

Penalties are computed on a 360-day basis using the simple interest (non-compounded) rate being paid on the time deposit on the date of withdrawal. If accrued interest at the time of withdrawal is less than the penalty, the principal of your time deposit may be reduced to pay the penalty.

* An account where the consumer generally does not have a right to make withdrawals unless the deposit is subject to an early withdrawal penalty. INTRUST Bank Time Deposits are similar to Certificates of Deposit (CDs) but are issued with a Receipt and not a Certificate.

Money Market Individual Retirement Account (IRA)

Rate Information: The interest rate and annual percentage yield for this account are found on the IRA Rates & Terms page. Interest will be compounded on a daily basis and credited to your account semi-annually on June 30 and December 31.

Variable Rates: This account earns a variable rate of interest; the interest rate and annual percentage yield may change. At our discretion, INTRUST Bank may change the interest rate, thereby changing the annual percentage yield, at any time.

Minimum Balance Requirement: To open this account, you must make a minimum deposit of $1,000. If this is a Beneficiary IRA, a minimum deposit to open this account does not apply.

Transaction Limitations: Minimum additional deposit amount into this account is $100. If this is a Beneficiary IRA, no additional deposits can be made.

This account is not available for Roth IRAs or Coverdell Education Savings Accounts.

Fixed Rate Individual Retirement Account (IRA)
12 to 18 month term (additional deposits)

Rate Information: The interest rate and annual percentage yield for this account are found on the IRA Rates & Terms page. This rate will be paid until the maturity date. The disclosed annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. All additional deposits will be paid the same rate as the initial deposit or the rate in effect at renewal, whichever is applicable. Interest will be compounded on a daily basis and credited to your account annually on December 31 and at maturity.

Minimum Balance Requirement: To open this account, you must deposit a minimum of $200. If an automatic deduction plan is established, you must deposit a minimum of $25.

Transaction Limitations: Minimum additional deposit amount into this account is $25.

Early Withdrawal Penalty: A penalty may be imposed if you withdraw any of the deposited funds before the maturity date as follows:

  • Term of 12 months equal to 3 months of interest
  • Term greater than 12 months equal to 6 months of interest

Penalties are computed on a 360-day basis using the simple interest (non-compounded) rate being paid on the time deposit on the date of withdrawal. If accrued interest at the time of withdrawal is less than the penalty, the principal of your individual retirement account may be reduced to pay the penalty. The penalty will be waived if the accountholder is 59 ½ or older or in case of disability or death of the accountholder.

Renewal Policy: This account will automatically renew at maturity at the standard time deposit rate available at that time for this maturity. You will have a grace period of ten (10) calendar days after the maturity date to change terms or withdraw from the account without a penalty. If funds are withdrawn, you will not receive interest during the ten (10) day grace period.

This account is not available for Traditional IRAs being converted to a Roth IRA or a Beneficiary IRA.

Fixed Rate Individual Retirement Account (IRA)
90 day to 60 month term (single deposit)

Rate Information: The interest rate and annual percentage yield for this account are found on the IRA Rates & Terms page. This rate will be paid until the maturity date. The disclosed annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. Interest will be compounded on a daily basis and credited to your account at maturity and annually on December 31, if applicable.

Minimum Balance Requirement: To open this account, you must deposit a minimum of $500. If this is a Beneficiary IRA, a minimum deposit to open this account does not apply.

Transaction Limitations: You may not make additional deposits into this account until the maturity date. If this is a Beneficiary IRA, no additional deposits can be made.

Early Withdrawal Penalty: Unless this is a Beneficiary IRA, a penalty may be imposed if you withdraw any of the deposited funds before the maturity date as follows:

  • Term 90 days to 12 months equal to 3 months of interest
  • Term greater than 12 months equal to 6 months of interest

Penalties are computed on a 360-day basis using the simple interest (non-compounded) rate being paid on the time deposit on the date of withdrawal. If accrued interest at the time of withdrawal is less than the penalty, the principal of your individual retirement account may be reduced to pay the penalty. The penalty will be waived if the accountholder is 59 ½ or older or in case of disability or death of the accountholder.

Renewal Policy: This account will automatically renew at maturity at the standard time deposit rate available at that time for this maturity. You will have a grace period of ten (10) calendar days after the maturity date to change terms or withdraw from the account without a penalty. If funds are withdrawn, you will not receive interest during the ten (10) day grace period.

B700-30NT (5/23/2017)

Scroll to Top