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Important information and frequently asked questions for First Advantage Bank clients with commercial and business accounts.

Commercial & Business Accounts

As a Reliant Bank customer, you will have access to a variety of products and services, and then some! On Monday, May 11, 2020, your account(s) will transition into the Reliant Bank account most similar to your existing account(s) with First Advantage Bank. If you are uncertain of the type of account you currently hold with First Advantage Bank, refer to your last checking or savings statement. Then, review the Commercial/Business conversion chart to determine the name of your new Reliant Bank account.

Terms for your new account are included in the next section of this guide. Please be certain to compare, as account features may be different. For a complete list of Reliant Bank products and services, visit www.reliantbank.com. Contact your local branch for assistance if you have any questions on whether your new Reliant Bank account is best suited for your needs.

Conversion Chart

logocompare

Small Business Checking
Commercial Checking
Construction Checking
Advantage Checking 5001
Advantage Checking 7501

Business Checking2

Sole Proprietorships & Non-Profit Checking

Business Interest Checking2

Corporate Analysis Checking

Commercial Analysis2

1. Advantage Checking accounts will maintain their current billing structure through the Weiland system.

2. Terms for these accounts are included on the following pages. For complete details of all Reliant Bank products, please visit our website at www.reliantbank.com.

Frequently Asked Questions for Personal Accounts

The majority of account numbers will remain the same. Any customer who must establish a new account number will be contacted on an individual basis, prior to conversion.

Commercial & Business Accounts

Business Checking

$0 monthly service charge
  • No minimum daily balance requirement
  • 350 free monthly transaction items
  • $0.25 cent fee per item cleared over 350 items
  • Online and mobile banking available**
  • Free Debit Card*
  • Free e-statements
  • *$10 charge for debit card replacement

    **3rd party data and internet charges may apply


Business Interest Checking

$10 monthly service charge
  • $2,500 Minimum Daily Balance Requirement (to avoid the Monthly Service Charge)
  • 350 free monthly transaction items
  • $0.25 cent fee per item cleared over 350 items
  • Free e-statements
  • Online and Mobile Banking**
  • Commercial bill pay available
  • Free Debit Card*
  • Rate Tiers (applies to entire balance of account)

    $0.00 - 1,499.99 $1,500.00 or more
  • *$10 charge for debit card replacement

    **3rd party data and internet charges may apply


Commercial Analysis Checking

  • Competitive earnings credit on average balances to offset account activity fees
  • Competitive activity/transaction items fees set by fee schedule
  • Free e-statements
  • Online and mobile banking available**
  • Commercial bill pay available
  • Free Debit Card*
  • *$10 charge for debit card replacement

    **3rd party data and internet charges may apply


Commercial Money Market

$10 monthly service charge
  • $2,500 Minimum Daily Balance Requirement (to avoid the Monthly Service Charge)
  • 6 Free withdrawals per month; $10 charge for each debit over 6 per month
  • Tierd Rates
  • Free e-statements
  • Commercial bill pay available
  • Rate Tiers (applies to entire balance of account)

    $1,000.00 – $9,999.99 $10,000.00 - $49,999.99
    $50,000.00 - $99,999.99 $100,000 and up
  • Certain types of withdrawals from Money Market accounts have regulatory limits. Electronic withdrawals/transfers and checks/drafts to third parties are limited. Money Market accounts are limited to six (6) per calendar month.


Certificates of Deposit (Fixed Rate) Accounts

The current interest rate, terms, maturity date and other features of your certifiate of deposit accounts will remain the same. After conversion, the following forfeiture changes will apply:

Early withdrawal penalties if certificate of deposit term is in days:

  • Term 7–31 days: The amount of interest that would have been earned for one-half of the original term, or the accrued interest, whichever is greater.
  • Term 32–89 days: 30 days of interest on the amount withdrawn.
  • Term 90–364 days: 90 days interest on the amount withdrawn.
  • Term 365 or greater: 180 days interest on the amount withdrawn.

Early withdrawal penalties if certificate of deposit term is in months:

  • Term 2 months: 30 days of interest on the amount withdrawn.
  • Term 3–11 months: 90 days interest on the amount withdrawn.
  • Term 12 months or greater: 180 days interest on the amount withdrawn.
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