Account Opening and Monthly Service Charge
| Minimum Opening Deposit |
$50 |
| Monthly Service Charge |
$15 |
| How to Avoid the Monthly Service Charge |
$0 Monthly Service Charge if you maintain a $15,000 minimum daily balance OR if you own a Frost Premium Account. |
Interest Information
| Range of Balances |
Interest Rate |
APY |
| $0.00 - $24,999.99 |
1.98% |
2.00% |
| $25,000 - $49,999.99 |
1.98% |
2.00% |
| $50,000 - $99,999.99 |
2.03% |
2.05% |
| $100,000 - $249,999.99 |
2.13% |
2.15% |
| $250,000 - $999,999.99 |
2.30% |
2.32% |
| $1,000,000 - $2,499,999.99 |
3.06% |
3.10% |
| $2,500,000 - $9,999,999.99 |
3.20% |
3.25% |
| $10,000,000 - $19,999,999.99 |
3.35% |
3.40% |
| $20,000,000 and Over |
3.54% |
3.60% |
| The interest rate and annual percentage yield may change at any time at our discretion. (Fees could reduce earnings on account.) Rates effective as of 06/04/2023. |
| How the interest 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). |
Account Limitations
|
Excess Withdrawal Fee
|
Six free withdrawals of any kind are allowed per statement cycle. There is a $5 Excess Withdrawal Fee for each additional withdrawal of any kind over six during the statement cycle. A maximum of 10 Excess Withdrawal Fees will be charged for a total of $50 per monthly statement cycle. |
Account Type Change
|
If your account exceeds 15 withdrawals of any kind per statement cycle for three consecutive months, we will convert your Frost Money Market Account to a Frost Personal Account. |
ATM Fees
| Frost ATMs |
$0 |
| Pulse Point-of-Sale Terminals |
$0 |
| H-E-B, Corner Store, and Circle K Locations throughout Texas, plus CVS and Walgreens stores in Dallas and Tarrant counties |
$0 |
| Non-Frost ATMs |
$2 for any Inquiries, Transfers or Withdrawals while using a non-Frost ATM, plus any fees the ATM owner charges. |
| 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 |
Overdraft Fees
| Overdrafts created by check, in-person withdrawal, ATM withdrawal or other electronic means |
$35 for each item presented for payment we pay that overdraws your account more than $5, up to a maximum fee of $175 per day. |
| Non-sufficient Funds |
$0 per item |
Overdraft Protection Transfer, each advance from:
- Another deposit account
- Line of credit (subject to credit approval)
|
$0
$0 (interest will apply on the outstanding balance) |
Miscellaneous Fees
| Account research/Statement balancing |
$20 per hour ($20 minimum) |
| Check certification |
$10 |
| Check copy |
$2 per item (first five items free for imaged customers) |
| Check order |
Fee varies |
| Cashier’s check |
$5 per item |
| Money order |
$5 per item |
| Return item |
$0 per item |
| Statement copy |
$2 per copy |
| Stop payment |
$30 per item |
| Outgoing wire transfer |
Fee varies |
| Incoming wire transfer |
$15 per item |
| Domestic collection item |
$20 per item |
| Foreign collection item |
$40 per item |
| Hold mail at financial center for pick-up |
$10 per month |