1. What are the rewards of Rewards Checking?

Answer » Answer:
>> 4.01% APY (Annual Percentage Yield) on balances up to $25,000
>> 1.01% APY on balances over $25,000
>> 0.25% APY on non-qualifying balances (if you do not to meet all the qualifications)
>> ATM fees nationwide are automatically refunded at the end of your statement cycle

2. What are the cycle qualifications to receive the rewards on this account?

Answer » Answer:
>> Make 10 MasterCard debit card purchases per cycle (purchases must be posted,
      not pending -- excludes ATM transactions)
>> Set up one Direct Deposit or authorize one automatic payment from your account.
>> Enroll and receive your statements electronically. Save them to your computer.
      See them whenever you like.
>> Open your account with a minimum of $100
>> Access online banking
>>This account is only offered to customers living in the immediate market area of our branch locations.

3. How often must the qualifications be met to qualify for Rewards Checking rewards?

Answer » Answer: >> Each cycle

4. What happens if I do not meet the qualifications for Rewards Checking rewards?

Answer » Answer: >> Your checking is still free and you can start over next cycle to earn the rewards. Interest will be paid at the base rate of 0.25% APY on your balance.

5. Are there any monthly service fees?

Answer » Answer:
>> No. There are no monthly service fees on our Rewards Checking accounts.

6. How does the tiered interest rate for Rewards Checking work?

Answer » Answer:
>> If you meet the qualifications, you will receive 4.01% APY on balances up to $25,000
      and 1.01% APY on balances over $25,000.
>> If you do not qualify, you will earn the base rate of 0.25% APY on your entire balance.

7. Can the APY change on my Rewards Checking account?

Answer » Answer: >> Yes, all rates on Rewards Checking may change at the banks- discretion.

8. Is this just a "teaser" rate?

Answer » Answer: >> No, this is a high Annual Percentage Yield account. However, Rewards Checking rates may fluctuate from time to time at the banks discretion.

9. How is the interest calculated?

Answer » Answer: >> Daily Balance Method. This method applies a daily periodic rate to the principal in the account each day.

10. If I meet the qualifications, when will I receive my rewards?

Answer » Answer: >> Interest is paid monthly and posted on the last day of the statement cycle.

11. If I use another financial institution's ATM and pay a fee, when will I get my refunds?

Answer » Answer: >> If the qualifications are met, all ATM fees nationwide will be refunded on the last day of the cycle.

12. Do I have to do anything in order to get my ATM fee refunds?

Answer » Answer: >> No, other than meeting the qualifications. ATM refunds are automatically paid on the last day of your cycle.

13. How will I know that I have qualified for my rewards at the end of the cycle?

Answer » Answer:
>> You can log into online banking to review your account activity and confirm that
      you have met the minimum account qualifications at anytime.
>> You will receive an email stating whether or not you met the qualifications each cycle.

14. Will Rewards Checking customers receive a 1099 at the end of the year reflecting interest earned?

Answer » Answer: >> Yes

15. Are fees refunded on ATMs used internationally?

Answer » Answer: >> No, nationwide only.

16. If my account balance goes negative, will I still be able to qualify for my rewards during that cycle?

Answer » Answer: >> Yes, as long as the qualifications are met.

17. If I fail to meet the qualifications during this cycle, can I still have a chance to qualify during the next cycle?

Answer » Answer: >> Yes, of course!

18. What if my new MasterCard debit card doesn't arrive until late in the cycle and I don't have time to earn my first month's rewards?

Answer » Answer: >> The bank will waive the first cycle qualifications. You will receive your rewards for the first cycle that you have the account even if you don't meet the qualifications.

19. If I miss my qualifications by only one debit transaction, can I call in and get my interest and ATM refunds anyway?

Answer » Answer: >> No. However there are no service charges and you will still earn 0.25% APY.

20. What is the cycle for Rewards Checking?

Answer » Answer: >> The cycle begins on the 26th of each month unless it is a non-banking business day in which the cycle will begin on the next business day.

21. What is the qualification cycle?

Answer » Answer: >> A period beginning one business day prior to the current statement cycle through one business day prior to the close of the current statement cycle.

22. Will all Rewards Checking customers be on the same cycle?

Answer » Answer: >> Yes

23. If an existing customer is moved to a Rewards Checking account, will his/her statement cycle change?

Answer » Answer: >> Yes

24. If I use my MasterCard debit card at an ATM, will that transaction count towards my qualifications?

Answer » Answer: >> No. Only POS (point-of-sale) transactions count and they must be posted to the account.

25. What is a "settled transaction"?

Answer » Answer: >> A settled transaction is one that has posted to your account. When you use your MasterCard debit card, the merchant places a memo hold on your account in the amount of your purchase. It can take up to three business days before the transaction posts or clears.

26. May I "carry forward" MasterCard debit purchases in excess of the required number to the next cycle?

Answer » Answer: >> No, each cycle you must meet all three qualifications.

27. Will the purchases from this cycle on my old account count towards the required purchases for this cycle on my Rewards Checking account?

Answer » Answer: >> Since Horton National Bank waives the first cycle qualifications, this will not apply.

28. Must I access my electronic statement online in order to qualify for the rewards?

Answer » Answer: >> No, you must accept electronic delivery with a valid e-mail address. You don't have to look at it, but we strongly recommend that you review your statement to properly reconcile to your check register.

29. Do I receive images or checks back with my Rewards Checking account?

Answer » Answer: >> Yes, you will receive check images with your electronic statement.

30. Can I have a Rewards Checking account if I don't own a computer?

Answer » Answer: >> Yes, of course! You don't have to own a computer, but you must provide a valid e-mail address for notification of availability of each electronic statement.

31. What if I need a printed copy of my statement and/or check image?

Answer » Answer: >> You can print a check or statement from your computer. Additionally, Horton National Bank locations keep records of all statements and checks as required by state and federal laws.

32. What if I change my e-mail address?

Answer » Answer: >> You must notify the bank when your e-mail address changes so that we can deliver your notification of your statement availability. Most likely, failure to notify the bank will result in not meeting the monthly qualifications.

33. What if I don't want my statement delivered electronically?

Answer » Answer: >> Electronic statement delivery is a qualification for all Rewards Checking accounts. Delivery of paper statements is not an option.

34. Is there a limit on the amount of money I can keep in my Rewards Checking account?

Answer » Answer: >> There is no limit to the amount you put into your account. Feel free to consolidate savings, CDs, and accounts at other institutions into this account.

35. Is there a minimum balance requirement in order to receive my rewards?

Answer » Answer: >> No

36. What is the minimum opening balance for a Rewards Checking account?

Answer » Answer: >> $100.00

37. Is there a limit on the amount of ATM refunds that I can receive during a statement cycle?

Answer » Answer: >> No, you will receive unlimited ATM Fee Refunds when qualifications are met.

38. Is overdraft protection available for Rewards Checking accounts?

Answer » Answer: >> Yes

39. Will I be able to use my existing MasterCard debit card and checking account number with my Rewards Checking account?

Answer » Answer: >> Yes, if your account is with one of the Horton National Bank's family of banks, everything will remain the same. Please refer to the list of Horton National Bank locations at the end of FAQ.

40. How do I convert my current checking account to a Rewards Checking account?

Answer » Answer: >> Apply online or drop by one of our branches and talk with a Customer Service Representative about converting your account to Rewards Checking.

42. Can I open a Rewards Checking account over the phone?

Answer » Answer: >> We prefer for you to come in to a branch or apply online.
>>This account is only offered to customers living in the immediate market area of our branch locations.

43. Can I open multiple Rewards Checking accounts?

Answer » Answer: >> There is no reason to limit the number of accounts anyone opens, but the qualifications must be met on each respective account.

44. Can a DBA use this account?

Answer » Answer: >> No

45. Can this be used as a business account?

Answer » Answer: >> No

46. If I am converting an account that accrues interest to a Rewards Checking account, do I need to wait until the interest posts on the first account before closing?

Answer » Answer: >> If you convert an existing interest-bearing account to Rewards Checking, you will be paid the interest earned up until the date you convert your account to Rewards Checking. Once you convert your account, you will be eligible for the new interest rates.

47. What happens if I apply online?

Answer » Answer: >> You will receive an online confirmation of your successful submittal, and a representative will contact you to assist in the final steps of activating your account.
>>This account is only offered to customers living in the immediate market area of our branch locations.