PROMISE PREMIER Checking Account Disclosure
1. To be eligible for rewards you must sign up for e-Statements. At the end of each statement cycle you will be paid a $.15 cash-back reward for every qualifying debit card purchase and direct deposit that posts and clears your account. Cash-Back Rewards limited to $50 per statement cycle. If your statement cycle falls on a weekend or a holiday, it will end on the previous business day. Account must be maintained in good standing to earn rewards. All rewards are reported to the IRS as interest income.
2. Unlimited rebates when using a non-Camden National Bank ATM in the U.S. per withdrawal. Accept the disclosed fee and we will refund the surcharge the next business day. For ATM transactions outside the U.S., Puerto Rico or the U.S. Virgin Islands, we will refund ATM surcharge fees if you bring us your ATM receipt showing the surcharge within 90 calendar days of the transaction.
3. If you tell us you no longer want the Promise Premier Rewards Checking and you have a CD with a preferred interest rate, the rate will continue until the maturity date, but at renewal, the Bank’s regular interest rate will apply.
4. Offer cannot be combined with any other Camden National Bank residential or consumer loan offering. Loan products listed are available to qualified applicants who meet the Bank’s current loan underwriting guidelines. Offer not applicable to MSHA, FHA, VA, and RHS residential mortgages. The $250 closing cost and consumer loan rate discount are limited to one per calendar year. The consumer loan rate discount applies to non-real estate secured consumer loans only and is subject to change from time to time. Other terms may apply. Any loan rate discount you obtain while eligible will continue until the balance of your loan is paid off. The rules and regulations that cover residential mortgage and consumer loan products are not contained in this disclosure. To obtain additional information related to these loan products please contact a branch representative.
5. Monthly Service Fee: Promise Premier Checking has no Monthly Service Fee when you do at least one of the following each statement period: Option #1: Keep a minimum average balance of $2,500 or more in your account; OR, Option #2: Keep a balance of $25,000 in total deposit balances OR, Option #3: Consumer and residential mortgage loan balances of $150,000 or more. Otherwise a $20 Monthly Service Fee will apply.