Fee Shedule

We are providing you with this important notice regarding your account with Arcola First Bank.  We encourage you to read this notice, share it with a joint owner (if applicable) on your account, and file it for future reference. If you have any questions about the change(s), please call 217-268-4911.

 Account Features and Service Charges Effective December 1, 2023

Changes are in Bold

Checking and Savings accounts closed within 90 days of opening will be assessed an early withdrawal fee of $25.00 in addition to all other disclosed fees and service charges.

Dormant fees are charged each month on accounts (checking and savings) with balances less than $500.00

A checking account is dormant if for one year you have made no deposits or withdrawals to the account.

Dormant account fee for checking accounts – $5.00

A savings account is dormant if for two years you have made no deposits or withdrawals to the account.

Dormant account fee for savings accounts – $5.00

IRA Closing/Transfer Out Fee – $35.00

Customer Service Charges

The categories of transactions for which an overdraft fee may be imposed are those by any of the following means:  check, in-person withdrawal, ATM withdrawal, or other electronic means.

Overdraft – (each overdraft item paid) – $32.00

Continuous overdraft after five days – $7.50 per day

Non-sufficient return item – (each) $32.00 per item presented

Automatic Transfer for Overdraft Protection – $10.00 per transfer

Reserve Cash Line of Credit – $15.00 per year

Loan Payment returned for NSF – $32.00

Stop payments – (each) – $30.00

Stop payments – ACH payments – $25.00

ATM card replacement fee – $10.00

Debit card replacement fee – $10.00

Account activity printout – $3.00 each

Special statement cutoff – $5.00 each

Account research – $35.00 per hour

Account balancing assistance – $35.00 per hour

Copies of items from CD storage – $1.00

Check printing – Varies

Money orders – $5.00 per check

License sticker fee – $7.50

Photocopies – $1.00 each

Facsimile – $1.00

Wire transfer – (outgoing) – $29.00

Foreign wire transfer – (outgoing) – $50.00

Lock boxes – (various sizes) – $17.00 to $100.00 a year

Lock box key replacement – $30.00

Drilling lock box – market rate

Night depository locking bag – $35.00 each

Night depository zipper bag – (two free)- $10.00 each

Night depository key replacement – $5.00

Check cashing requiring phone call – $5.00 per call

Check collection fee – $30.00, plus cost

Foreign collections – $75.00 minimum or 1/4% of face amount

Collection for coupons/bonds – $20.00, plus cost

Foreign drafts – $10.00, plus cost

Garnishments – $50.00

Levies – $50.00

Escrow account – $150.00 set-up fee plus $5.00 per transaction

Business Account Return Check Chargeback Fee – $5.00 per check

Lost Certificate of Deposit – $25.00

Non-customer Service Charges

Check cashing – $10.00

Money orders – $9.00 per check

Coin counting – $10.00 minimum or 5% of total

Wire transfer – $40.00

Foreign wire transfer – (outgoing) – $50.00

Check collection fee – $30.00, plus cost

Notary service – $1.00

ATM withdrawal – $3.00

Prepaid Visa Card Fees For Gift Card and Reloadable Cards

Purchase Fee – Gift $3.95   Reloadable $5.95

Inactivity Fee – per month after 12 consecutive months – Gift $2.95   Reloadable $0.00

Lost / Stolen Replacement Fee – Gift $5.00   Reloadable $5.00

Monthly Fee – Gift $0.00   Reloadable $4.95

Reload Fee at Financial Institution – Gift $0.00   Reloadable $3.00

ATM Balance Inquiry (Domestic / International) – Gift $0.00   Reloadable $.50

ATM Domestic – Gift $0.00   Reloadable $0.00

ATM International – Gift $0.00   Reloadable $1.99

Foreign Exchange Markup – Gift $0.00   Reloadable 3%