A Guide to Your Frost Personal Account
Frost Personal Account A new standard for what checking should be. Top-Rated App. Lower Fees. Award-Winning Service. |
* Message and/or data rates may apply. |
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Minimum Opening Deposit | $25 |
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Pays Interest | YES |
Monthly Service Charge |
$8 $4 |
How to Avoid the Monthly Service Charge |
$0
Average daily balance is calculated by adding the principal in the account each day of the period and dividing that figure by the number of days in the period. |
Interest Information
Interest Rate and APY | If your daily balance is $5,000 or more, the interest rate paid on the entire collected balance in your account will be 0.06%, with an annual percentage yield of 0.06%. The interest rate and annual percentage yield may change at any time at our discretion. Fees could reduce earnings on the account. Rates effective 04/25/2018. |
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How the Interest Rate is Calculated | We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the collected balance in the account each day. |
How Interest is Compounded | Interest will be compounded and credited to the account monthly. If you close your account before the interest is credited, you will receive the accrued interest. |
When Interest Begins to Accrue | Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). |
Automatically transfer funds to your account from another linked account or a line of credit. |
$0 |
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Overdrafts Created by: check, in-person withdrawal, ATM withdrawal or other electronic means |
$34 |
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Non-sufficient Funds Fee |
$34 |
Overdraft Protection Transfer Fee, Each Advance from: • Another deposit account • Line of credit (subject to credit approval) |
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Frost offers a courtesy overdraft program as a way to cover a transaction when you don’t have enough money in your checking account. This is a discretionary service and the bank reserves the right not to pay items against non-sufficient funds, such as when your account is not in good standing or you are not making regular deposits or you have too many overdrafts. Customers are eligible for this service provided certain criteria are met. The courtesy overdraft program is intended to help you avoid the inconvenience and embarrassment of having a transaction rejected or returned in the event of an emergency situation or inadvertent overdraft. You should avoid using this service as a standard practice. If an overdraft occurs, you are responsible for bringing your account to a positive balance promptly. There is no fee to add the courtesy overdraft service to your account and no fee if you never use the service; however, overdraft coverage for everyday debit card purchases is optional and requires your consent. Make the choice that is right for you.
OPTION #1 Pay everyday debit card transactions |
This means you want us to authorize and pay your everyday debit card transactions at our discretion when you don't have enough money available in your account. You will be charged $34 for each debit card purchase that overdraws your account more than $5, up to $170 per day. |
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OPTION #2 Do not pay everyday debit card transactions (if you don't choose an option when you open your account, this option is automatically selected for you) |
This means you do not want Frost to authorize and pay your everyday debit card transactions when you don't have enough money available. Since everyday debit card transactions will be declined when there is not enough money available, you won't be charged a Non-sufficient Funds Fee for everyday debit card transactions. We may still authorize and pay overdrafts for other transaction types, such as checks, automatic bill payments and other withdrawals unless you decline all coverage (option #3 below). |
OPTION #3 |
This means you do not want us to authorize or pay any items that will overdraw your account, including checks, automatic bill payments and other withdrawals in addition to debit card transactions. You will pay a $34 NSF fee for each transaction that does not pay, except there is no fee for declined debit card transactions. You may also incur merchant fees on items that are returned due to non-sufficient funds. |
Frost ATMs | $0 |
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Pulse Point–of–Sale Terminals | $0 |
Participating H–E–B® Locations | $0 |
Participating Corner Store Locations | $0 |
Non–Frost ATMs | $2 for any inquiries, transfers or withdrawals while using a non-Frost ATM, plus any fees the ATM owner charges |
Replacement ATM & Debit Card | $0 |
Notice regarding ATM fee by others – If you use an automated teller machine that is not operated by us, you may be charged a fee by the operator of the machine and/or an automated transfer network and you may be charged a fee for a balance inquiry even if you do not complete a funds transfer.
How Deposits and Withdrawals Are Processed |
Deposits and credits are processed first. Withdrawals are processed next, in the following order:
For complete details, please refer to our Deposit Account Agreement and Other Disclosures available online or upon request. |
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Funds Availability Policy |
When funds deposited to your account are generally available:
Longer delays may apply under certain circumstances. If a longer delay applies, we will notify you and funds will generally be available no later than the seventh business day. This represents our general policy—for additional details, please refer to our Funds Availability Policy in our Deposit Account Agreement and Disclosure available online or upon request. |
Online Statement Delivery | $0 |
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Non-sufficient Funds Notification Service | $0 |
Check Printing | Fee varies |
Replacement ATM & Debit Card | $0 |
Statement/1099 Copy | $0 |
Stop Payment | $20 per item |
Account Research/Statement Balancing | $20 per hour ($20 Minimum) |
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Check Certification | $10 |
Check Copy | $2 per item (First five items FREE for Imaged customers) |
Check Printing | Fee varies |
Cashier's Checks | $5 per item |
Money Orders | $3 per item |
Return Item | $4 per item |
Statement Copy | $2 per copy |
Wire Transfers | Fee varies |
Incoming Wire Transfers | $12 per item |
Domestic Collection Item | $20 per item |
Foreign Collection Item | $40 per item |
Stop Payment | $30 per item |
Hold Mail at Financial Center for Pick Up | $10/month |
Member FDIC