Deposit Disclosure

Customer Identification Program

In accordance with the USA PATRIOT ACT, Federal law requires all financial institutions to obtain, verify, and record information that identifies each individual or entity opening an account. This includes all personal and commercial accounts, including loan and deposit accounts, as well as trust, brokerage, and investment accounts

When you open an account, you will be asked for your name, address, social security or tax identification number, date of birth (if applicable) and other information to allow Allied First Bank to identify you. You will also be asked to furnish your driver's license or other identifying documents. We are required to follow this procedure each time you open an account, even if you are a current customer.

Truth in Savings Disclosures

FREE CHECKING ACCOUNT

Interest Rate information - No interest is paid on this account.
Minimum balance requirements - No minimum balance requirements apply to this account.
Deposit limitations - You may make unlimited deposits into your account.

STUDENT CHECKING ACCOUNT

Interest Rate information - No interest is paid on this account.
Minimum balance requirements - No minimum balance requirements apply to this account.
Deposit limitations - You may make unlimited deposits into your account.

INTEREST CHECKING ACCOUNT

Interest Rate information - Tiered interest rates apply to this account type. Please refer to the Allied First Bank Rate Sheet for current interest rates and yields. The interest rates and annual percentage yields may change at any time.
Crediting frequency - Interest will be credited into this account monthly.
Minimum balance to earn interest - You must have at least $2,000.00 in your account to earn interest.
Compounding frequency - Interest will be compounded monthly.Compounding frequency - Interest will be compounded monthly.
Interest period - For this account type, the interest period is monthly. The interest declaration date is the same as the ending date of an interest period.
Average daily balance computation method - Interest is calculated by the average daily balance method, which applies a periodic interest rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use to make this calculation is monthly.
Effect of closing your account - If you close your account before interest is paid, you will be paid interest accrued to the date of the account closure.
Accrual of interest on non-cash deposits - Interest will begin to accrue on the business day you deposit non-cash items (for example, checks) into your account.
Deposit limitations - You may make unlimited deposits into your account.
Withdrawal notice - We reserve the right to at any time require not less than seven days' notice in writing before each withdrawal.
Electronic statement delivery - Those individuals wishing to open an interest checking account agree to receive their periodic statements in electronic format via the bank's Home Banking product.

SAVINGS ACCOUNT

Interest Rate information - Please refer to the Allied First Bank Rate Sheet for current account interest rates and yields. The interest rate and annual percentage yield may change at any time.
Nature of interest - Interest is paid from current income and available earnings, after required transfers to reserves at the end of an interest period.
Crediting frequency - Interest will be credited into this account monthly.
Compounding frequency - Interest will be compounded monthly.
Interest period - For this account type, the interest period is monthly. The interest declaration date is the same as the ending date of an interest period.
Average daily balance computation method - Interest is calculated by the average daily balance method, which applies a periodic interest rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use to make this calculation is monthly.
Effect of closing your account - If you close your account before interest is paid, you will be paid interest accrued to the date of the account closure.
Accrual of interest on non-cash deposits - Interest will begin to accrue on the business day you deposit non-cash items (for example, checks) into your account.
Deposit limitations - You may make unlimited deposits into your account.
Limitations on frequency of transfers - During any statement period, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer, or telephonic order or instruction. No more than three of the six transfers may be made by check, draft, debit card, or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure.
Withdrawal notice - We reserve the right to at any time require not less than seven days' notice in writing before each withdrawal.

SECONDARY SAVINGS ACCOUNT

Interest Rate information - Please refer to the Allied First Bank Rate Sheet for current account interest rates and yields. The interest rate and annual percentage yield may change at any time. Nature of interest - Interest is paid from current income and available earnings, after required transfers to reserves at the end of an interest period.
Crediting frequency - Interest will be credited into this account monthly.
Compounding frequency - Interest will be compounded monthly.
Interest period - For this account type, the interest period is monthly. The interest declaration date is the same as the ending date of an interest period.
Average daily balance computation method - Interest is calculated by the average daily balance method, which applies a periodic interest rate to the average daily balance in the account for the period.
The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use to make this calculation is monthly.
Effect of closing your account - If you close your account before interest is paid, you will be paid interest accrued to the date of the account closure.
Accrual of interest on non-cash deposits - Interest will begin to accrue on the business day you deposit non-cash items (for example, checks) into your account. Deposit limitations - You may make unlimited deposits into your account.
Limitations on frequency of transfers - During any statement period, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer, or telephonic order or instruction. No more than three of the six transfers may be made by check, draft, debit card, or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure.
Withdrawal notice - We reserve the right to at any time require not less than seven days' notice in writing before each withdrawal.

MONEY MARKET ACCOUNT

Interest Rate information - Tiered rates apply for this account type. Please refer to the Allied First Bank Rate Sheet for current account rates and yields. The interest rates and annual percentage yields may change at any time.
Nature of interest - Interest is paid from current income and available earnings, after required transfers to reserves at the end of an interest period.
Crediting frequency - Interest will be credited into this account monthly.
Compounding frequency - Interest will be compounded monthly.
Interest period - For this account type, the interest period is monthly. The interest declaration date is the same as the ending date of an interest period.
Average daily balance computation method - Interest is calculated by the average daily balance method, which applies a periodic interest rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use to make this calculation is monthly.
Accrual of interest on non-cash deposits - Interest will begin to accrue on the business day you deposit non-cash items (for example, checks) into your account.
Effect of closing your account - If you close your account before interest is paid, you will be paid interest accrued to the date of the account closure.
Minimum balance to open - The minimum balance required to open this account is $2,000.00.
Minimum balance to earn interest - You must maintain the above stated minimum balance in order to earn the stated annual percentage yield.
Deposit limitations - You may make unlimited deposits into your account. The minimum amount you can place is $100.00 per day.
Withdrawal limitations - The minimum withdrawal you can make from this account is $500.00.
Limitations on frequency of transfers - During any statement period, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer, or telephonic order or instruction. No more than three of the six transfers may be made by check, draft, debit card, or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure.
Withdrawal notice - We reserve the right to at any time require not less than seven days' notice in writing before each withdrawal.

IRA INSURED MONEY MARKET ACCOUNT

Interest Rate information - Tiered interest rates apply for this account type. Please refer to the Allied First Bank Rate Sheet for current interest rates and yields. The interest rates and annual percentage yields may change at any time.
Nature of interest - Interest is paid from current income and available earnings, after required transfers to reserves at the end of an interest period.
Crediting frequency - Interest will be credited into this account monthly.
Compounding frequency - Interest will be compounded monthly.
Interest period - For this account type, the interest period is monthly. The interest declaration date is the same as the ending date of an interest period.
Average daily balance computation method - Interest is calculated by the average daily balance method, which applies a periodic interest rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use to make the calculation is monthly.
Accrual of interest on non-cash deposits - Interest will begin to accrue on the business day you deposit non-cash items (for example, checks) into your account.
Effect of closing your account - If you close your account before interest is paid, you will be paid interest accrued to the date of the account closure.
Minimum balance requirements - No minimum balance requirements apply to this account.
Deposit limitations - You may make unlimited deposits into your account.
Limitations on frequency of transfers - During any statement period, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer, or telephonic order or instruction. No more than three of the six transfers may be made by check, draft, debit card, or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure.
Withdrawal notice - We reserve the right to at any time require not less than seven days' notice in writing before each withdrawal.

FUNDS AVAILABILITY POLICY

This policy statement applies to all accounts: Our policy is to make funds from your cash and check deposits available on the same day we receive your deposit. At that time, you can withdraw the funds in cash and we will use the funds to pay checks that you have written. Please remember that even after we have made funds available to you and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit.

Determining the Availability of a Deposit

For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays.  If you make a deposit before closing on a business day that we are open, we will consider that to the day of your deposit.  However, if you make a deposit after closing or on a day we are not open, we will consider that the deposit was made on the next business day that we are open.  If you make a deposit at a proprietary ATM before 2:00 pm on a business day that we are open, we will consider that day to be the day of your deposit.  Non-proprietary ATMs will have a different availability than those taken at proprietary ATMs.  If we cash a check for you that is drawn on another bank, we may withhold the availability of a corresponding amount of funds that are already in one of you accounts.  These funds will be available at the time funds from the check we cashed would have been available if you had deposited it.

Longer Delays May Apply

Case-by-case delays - In some cases, we will not make all of the funds that you deposit by check available to you on the same day we receive your deposit.  Depending on the type of check that you deposit, funds may not be available until the 2^nd business day after the day of your deposit.  The first $200.00 of your deposits, however, may be available on the same day we receive your deposit.  If we are not going to make all of the funds from your deposit available on the same day we receive your deposit, we will notify you of the delay in availability.  We will also inform you when the funds will be available.  If you deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the first business day after we can receive your deposit.  If you will need the funds from the deposit right away, you should ask us when the funds will be available.

Safeguard exception delays - In addition, funds you deposit by check may be delayed for a longer period under the following circumstances:

• We believe a check you deposited will not be paid
• You deposit checks totaling more than $5,000 on any one day
• You redeposit a check that has been returned unpaid
• You have overdrawn your account repeatedly in the last six months
• There is an emergency, such as failure of computer or communications equipment

We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will inform you when the funds will be available.  They will generally be available no later than the 7^th business day after the day of your deposit.

Special Rules for New Accounts

If you are a new customer, the following special rules will apply during the first 30 days your account is open: Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers, and the first $5,000 of a day's total deposits of cashier's, certified, teller's traveler's and federal, state, and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be payable to you. The excess over $5,000 will be available on the ninth business day after the day of your deposit. If your deposit of these checks (other than a U. S. Treasury check) is not made in person to one of our employees, the first $5,000 will not be available until the second business day after the day of your deposit. Funds from all other check deposits will be available on the eleventh business day after the day of your deposit.

Deposits at Automated Teller Machines

Funds from any deposits (cash or check) made at automated teller machines (ATMs) that we do not own or operate will be made available on the second business day after the day of deposit.

Deposits at Other Locations

This availability policy only applies to funds deposited. Please inquire for information about the availability of funds deposited at other locations.

SUBSTITUTE CHECKS AND YOUR RIGHTS

What is a substitute check?

To make check processing faster, federal law permits banks to replace original checks with "substitute checks." These checks are similar in size to original checks with a slightly reduced image of the front and back of the original check. The front of a substitute check states: "This is a legal copy of your check. You can use it the same way you would use the original check." You may use a substitute check as proof of payment just like the original check.

Some or all of the checks that you receive back from us may be substitute checks. This notice describes rights you have when you receive substitute checks from us. The rights in this notice do not apply to original checks or to electronic debits to your account. However, you have rights under other law with respect to those transactions.

What are my rights regarding substitute checks?

In certain cases, federal law provides a special procedure that allows you to request a refund for losses you suffer if a substitute check is posted to your account (for example, if you think that we withdrew the wrong amount from your account or that we withdrew money from your account more than once for the same check). The losses you may attempt to recover under this procedure may include the amount that was withdrawn from your account and fees that were charged as a result of the withdrawal (for example, bounced check fees).

The amount of your refund under this procedure is limited to the amount of your loss or the amount of the substitute check, whichever is less. You also are entitled to interest on the amount of your refund if your account is an interest-bearing account. If your loss exceeds the amount of the substitute check, you may be able to recover additional amounts under other law.

If you use this procedure, you may receive up to $2,500 of your refund (plus interest if your account earns interest) within 10 business days after we received your claim and the remainder of your refund (plus interest if your account earns interest) not later than 45 calendar days after we received your claim.

We may reverse the refund (including any interest on the refund) if we later are able to demonstrate that the substitute check was correctly posted to your account.

How do I make a claim for a refund?

If you believe that you have suffered a loss relating to a substitute check that you received and that was posted to your account, please contact us. You must contact us within 40 calendar days of the date that we mailed (or otherwise delivered by a means to which you agreed) the substitute check in question or the account statement showing that the substitute check was posted to your account, whichever is later. We will extend this time period if you were not able to make a timely claim because of extraordinary circumstances. Your claim must include-

• A description of why you have suffered a loss (for example, you think that amount withdrawn was incorrect);
• An estimate of the amount of your loss;
• An explanation of why the substitute check you received is insufficient to confirm that you suffered a loss; and
• A copy of the substitute check [and/or] the following information to help us identify the substitute check: (identifying information, for example the check number, the name of the person to whom you wrote the check, the amount of the check, etc).