COMMUNITY FIRST BANK
(formerly known as FIRST NATIONAL BANK OF MENAHGA & SEBEKA)
BACK OF STATEMENTS

 

 

IMPORTANT

     Please examine this statement immediately.  We will assume that the balances it shows are correct unless you notify us of any disagreement within 60 days.

 

INTEREST CHARGE:  CREDIT LINE ACCOUNTS

     A daily INTEREST CHARGE will be imposed on all credit advances made under your Credit Line imposed from the date of each credit advance based on the “daily balance” method.  To get the daily balance, we take the beginning balance of your Credit Line Account each day, add any new advances and subtract any payments or credits and any unpaid INTEREST CHARGES.  This gives us the “daily balance.”

     Any INTEREST CHARGE is determined by applying the “Periodic Rate” to the balance described above.  Then we add together the periodic INTEREST CHARGES for each day in the billing cycle.  This is your INTEREST CHARGE calculated by applying a Periodic Rate.  Periodic rates may vary on Home Equity Lines of Credit and Ready Reserve Loans.

 

BILLING RIGHTS SUMMARY IN CASE OF ERRORS

OR QUESTIONS ABOUT YOUR BILL

     If you think your bill is wrong, or if you need more information about a transaction on your bill, write us on a separate sheet at the address shown on your bill as soon as possible.  We must hear from you no later than 60 days after we sent you the first bill on which the error or problem appeared.  You can telephone us, but doing so will not preserve your rights.

     In your letter, give us the following information:

·          Your name and account number,

·          The dollar amount of the suspected error.

·          Describe the error and explain, if you can, why you believe there is an error.  If you need more information, describe the item you are unsure about.

 

     You do not have to pay any amount in question while we are investigating, but you are still obligated to pay the parts of your bill that are not in question.  While we investigate your question, we cannot report you as delinquent or take any action to collect the amount you question.

 

     SPECIAL RULE FOR CREDIT CARD PURCHASES.  If you have a problem with the quality of goods or services that you purchased with a credit card and you have tried in good faith to correct the problem with the merchant, you may not have to pay the remaining amount due on the goods or services.  You have this protection only when the purchase price was more than $50 and the purchase was made in your home state or within 100 miles of your mailing address.  If we own or operate the merchant, or if we mailed you the advertisement for the property or services, all purchases are covered regardless of amount or location of purchase.

 

IN CASE OF ERRORS OR QUESTIONS

ABOUT YOUR ELECTRONIC TRANSFERS

     If you think your statement or receipt is wrong, or if you need more information about a transfer on the statement or receipt, we must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared.  Telephone us at the number listed on the front of your statement or write us at the address in the upper left corner of the statement. 

·          Tell us your name and account number.

·          Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe there is an error or why you need more information.

·          Tell us the dollar amount of the suspected error.

 

     We will tell you the results of our investigation and will correct any error promptly.  If it takes us longer than the time periods noted below to resolve the dispute, we will re-credit your account for the amount you think is in error so that you will have the money available during the time it takes for us to complete our investigation.  General timeframes:  If we cannot resolve the dispute in 10 business days (5 business days if involving a VISA POS transaction or 20 business days if the transfer involved a new account), we will re-credit your account and then may take up to 45 days to resolve the dispute.

     Transfers initiated outside the United States or transactions resulting from point of sale debit card transactions:  If we cannot resolve the dispute in 10 business days (5 business days if involving a VISA POS transaction), we will re-credit your account and then may take up to 90 days to resolve the dispute.  Claims within 30 days of opening an account:  If we cannot resolve the dispute in 20 days, we will re-credit your account and may then take up to 90 days to resolve the dispute.

 

Balancing Your Checking Account

You may use this form to assist you in balancing your checking account to your statement.  Please complete all the information for the Statement Balance and Check Register Balance forms, and click the Calculate buttons near the bottom of the page.   When the Balances at the bottom of the page equals each other, (Adjusted Statement Balance and Adjusted Check Register Balance) you have balanced your checkbook!  If the Adjusted Statement Balance and Adjusted Check Register Balance do not equal each other, make sure all the information entered is correct and complete, and calculate and compare balances again.

Statement Balance Form

First Step

Enter Ending Balance of this Bank Statement:

Next Step :
Go through your check copies/stubs or check register and mark off each check listed as paid, as well as deposits and withdrawals, on your statement.  If you have written a check, deposited funds/money, or made withdrawals not listed on your statement, follow the instructions below to complete the fill-in section. Complete this section first.

  • Enter type of transaction (unpaid checks, deposits, and withdrawals) shown in your register and not on your statement.
  • Enter amount of the transaction
  • The BALANCE column is computed for you when you click the CALCULATE button near the bottom of the page  

Transaction

Amount

Balance

.


Final Step :
Click "Calculate", and your final account balance will be displayed!

Adjusted Statement Balance:

Checkbook Register Balance Form

First Step:

Enter Check Register Balance:

Next Step:
Go through your checkbook register and compare recorded items to your statement.  If ATM transactions, interest, fees/charges, incoming transfers (to your checking account), and outgoing transfers (from your checking account) are not recorded already in your checkbook register, follow the instructions below to complete the fill-in section.

  • Enter type of transaction (ATM, interest, fee/charge, and transfers) shown on your statement and not in your register.
  • Enter amount of the transaction
  • The BALANCE column is computed for you when you click the CALCULATE button near the bottom of the page

Transaction

Amount

Balance

.


Final Step :
Click "Calculate", and your final book balance will be displayed!

Adjusted Check Register Balance:

The Adjusted Statement Balance and Adjust Check Register Balance should equal each other.   If they equal each other, you have balanced your checking account!  If they do not equal each other, make sure all the information entered is correct and complete, and calculate and compare balances again.