Rely on us to earn your trust and
your business every day.
Important information and frequently asked questions for First Advantage Bank clients with personal accounts.
Personal 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 Personal Accounts conversion chart on the next page 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
Individual HSA
Family HSA
HSA3
Max Earnings
Max Earnings with Perks1
Max Earnings2
Basic Checking
Advantage Basic1
Traditional Checking3
Advantage Interest1
Interest Checking3
Personal MMA
High Yield MMA4
Consumer Money Market3
Systematic Savings
Basic Savings
High Interest Savings
Regular Savings3
Youth Savings Account
Student Savings3
Christmas Club
Christmas Club3
Retirement Growth
IRA Savings3
1. Beginning May 8, 2020, membership in Member Headquarters Association that delivers these benefits: travel accidental death insurance; payment card protection; personal identity protection; identity monitoring; cell phone protection; roadside assistance; pharmacy savings; vision care savings; hearing savings; and travel, dining, shopping and entertainment discounts will be discontinued. Likewise, access to benefits at BaZing.com and on the BaZing mobile app and all supporting customer services associated with these benefits will be discontinued.
2. These accounts are grandfathered and retain most of their existing terms and conditions. A grandfathered account means, as part of the data conversion, we map active accounts of this type to the Reliant system. Following the conversion, any account of this type is retained; however, it is not available to new or existing customers as part of Reliant’s active product suite.
3. Terms for these accounts are included on the following pages. For complete details about all Reliant Bank products, visit the website at www.reliantbank.com.
4. Current rates on these accounts will be maintained at conversion, but are subject to change based on market conditions.
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.
Personal Account Information
HSA
- $100 Minimum Daily Balance Requirement (to avoid the Monthly Service Charge)
- Interest earnings are compounded monthly and credited monthly
- $0 No minimum balance requirement to earn interest
- Free Debit Card*
Rate Tiers (applies to entire balance of account)
$0.00 - 99,999.99 $100,00.00 or more *$10 charge for debit card replacement
**3rd party data and internet charges may apply
Traditional Checking
- $100 Minimum Daily Balance Requirement (to avoid the Monthly Service Charge)
- Free Debit Card*
- Fee-free access to ATMs in the MoneyPass® Network
- Free Mobile Banking**
- Free e-statements with check imaging
- Free Online Banking and Bill Pay**
*$10 charge for debit card replacement
**3rd party data and internet charges may apply
Traditional Checking is a grandfathered account. A grandfathered account means, as part of the data conversion, we map active accounts of this type to the Reliant system. Following the conversion, any account of this type is retained; however, it is not available to new or existing customers as part of Reliant’s active product suite.
Max Earnings1
- $100 Minimum Daily Balance Requirement (to avoid the Monthly Service Charge)
- Interest earnings are compounded monthly and credited monthly
- $0 No minimum balance requirement to earn interest
- Free Debit Card*
- Free Mobile Banking**
- Free Online Banking and Bill Pay**
- Free e-statements with check imaging
- Preferred Rate on Certificates of Deposit
- Fee-free access to ATMs in the MoneyPass® Network
Rate Tiers (applies to entire balance of account)
$0.00 – $9,999.99 $10,000.00 - $49,999.99 $50,000 or more 1 Reimbursement of foreign ATM fees no longer applies.
*$10 charge for debit card replacement
**3rd party data and internet charges may apply
Max Earnings is a grandfathered account. A grandfathered account means, as part of the data conversion, we map active accounts of this type to the Reliant system. Following the conversion, any account of this type is retained; however, it is not available to new or existing customers as part of Reliant’s active product suite.
Interest Checking
- $1,500 Minimum Daily Balance Requirement (to avoid the Monthly Service Charge)
- Interest earnings are compounded monthly and credited monthly
- $0 No minimum balance requirement to earn interest
- Free Debit Card*
- Fee-free access to ATMs in the MoneyPass® Network
- Preferred Rate on Certificates of Deposit
- Free Mobile Banking**
- Free e-statements with check imaging
- Free Online Banking and Bill Pay**
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
Personal Savings Accounts
Consumer Money Market
- $1,000 Minimum Daily Balance Requirement (to avoid the Monthly Service Charge)
- 6 Free withdrawals per month; $10 charge for each debit over 6 per month
- $1,000 No minimum balance requirement to earn interest
- Interest earnings are compounded monthly and credited monthly
- Free Mobile Banking**
- Free e-statements
- Free Online Banking**
Rate Tiers (applies to entire balance of account)
$1,000.00 – $9,999.99 $10,000.00 - $99,999.99 $100,000.00 - $499,999.99 $500,000 - $999,999.99 $1,000,000 or more **3rd party data and internet charges may apply
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.
Regular Savings
- $100 Minimum Daily Balance Requirement (to avoid the Monthly Service Charge)
- 6 Free withdrawals per month; $5 excess activity charge will be imposed for each withdrawal in excess of 6
- Interest earnings are compounded monthly and credited quarterly
- No minimum balance requirement to earn interest
- Free Mobile Banking**
- Free e-statements with check imaging
- Free Online Banking**
Rate Tiers (applies to entire balance of account)
$0.00 - 99,99.99 $100,000.00 or more **3rd party data and internet charges may apply
Student Savings
- $0 No Minimum Balance Requirements
- 6 Free withdrawals per month; $5 excess activity charge will be imposed for each withdrawal in excess of 6
- Interest Earnings are compounded monthly and credited quarterly
- Free e-statments
- Free Mobile Banking**
- Free Online Banking**
**3rd party data and internet charges may apply
Certain types of withdrawals from savings accounts have regulatory limits. Electronic withdrawals/transfers and checks/drafts to third parties are limited. Savings accounts are limited to six (6) per month.
Christmas Club
- Interest earnings are credited with the annual lump distribution
- Annual lump sum distribution on November 1, of each year
- Early withdrawal automatically closes the account
- Interest earned on all balances
Christmas Club is a grandfathered account. A grandfathered account means, as part of the data conversion, we map active accounts of this type to the Reliant system. Following the conversion, any account of this type is retained; however, it is not available to new or existing customers as part of Reliant’s active product suite.
IRA Savings
- $100 Minimum Daily Balance Requirement (to avoid the Monthly Service Charge)
- No minimum balance requirement to earn interest
- 6 Free withdrawals per month; $5 excess activity charge will be imposed for each withdrawal in excess of 6
- Interest Earnings are compounded monthly and credited monthly
- Free E-statements
- Free Online Banking**
- Free Mobile Banking**
**3rd party data and internet charges may apply
Certificates of Deposit (Fixed Rate) Accounts
The current interest rate, terms, maturity date and other features of your certificate of deposit account 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.
