Other Services

Safe Deposit Boxes

Can you think of a better place to keep your valuables than in a Bank Vault? Come by our Main Bank or Highway 70 Branch and rent a Safe Deposit Box. Boxes are dual keyed for safeguarding your valuables.

Available in the following sizes/rental fees.

ø 3x5	$18.00 yr.
ø 5x5	$20.00 yr.
ø 3x10	$25.00 yr.
ø 5x10	$30.00 yr.
ø 10x10	$40.00 yr.
ø 10x15	$65.00 yr.
ø 15x19	$100.00 yr.

Requires all new box holders to have either a checking or savings account for auto debit.
There is a charge of $60.00 when both keys are not returned.

Handy Card

Our Handy Card can be used as an ATM card (no service charge for transactions at Morgantown Bank & Trust machines; however, charges at foreign ATMs may apply) or as a debit card. You can use it instead of a check everywhere Visa Cards are accepted. Using our Handy Card could not be easier. Just present your card at the time of purchase and the amount will be deducted from your checking account.

If your handy Card is lost or stolen please call immediately:

During business hours: 270 526-3881 After business hours: 800 554-8969

Handy Card Replacement fee	$5.00
Handy Card PIN replacement fee	$2.50

Gift Cards

Click on link for information about Gift Cards .

Reloadable Cards
A reloadable card may be used anywhere debit cards are accepted. The brand marks on the card indicate where the card is accepted and typically will be displayed on the merchant’s store front or on the ATM machines. The reloadable card can also be used for online and telephone purchases. At point-of-sale, the card can be used as a signature or PIN-based transaction. If the PIN option is used at point-of-sale, there is a $.50 transaction fee assessed to the card. The reloadable card can also be used at ATMs or at financial institutions to obtain cash. All of these options are subject to transaction fees. The following apply to reloadable cards:

Minimum Load Value                         $20
Maximum Load Value                        $3000
Maximum Balance                              No limit
Monthly fee                                        $7.95/$3.95 after customer establishes direct deposit
Number of reloads allowed
            Instant issue card                    three times
            Personalized card                    unlimited
Reload Fee                                          $0
Expiration timeframe                          three years from the date the card was produced
Minimum age to purchase                   18
Other fees may also apply; please see disclosure provided at the time of purchase.

Youth Card

This card is ideal for students who may be away from home going to school. The parents have the ability to load the card, to review the transactions on the card, receive a separate password to access the card information online, and place a hold on the card. The youth card can be used anywhere debit cards are accepted.   The brand marks on the card indicate where the card is accepted and typically will be displayed on the merchant’s store front or on the ATM machines. The reloadable card can also be used for online and telephone purchases. At point-of-sale, the card can be used as a signature or PIN-based transaction. If the PIN option is used at point-of-sale, there is a $.,50 transaction fee assessed to the card. The reloadable card can also be used at ATMs or at financial institutions to obtain cash. All of these options are subject to transaction fees. The following apply to youth cards:
Minimum Load Value                         $20
Maximum Load Value                        $3000
Maximum Balance                              No limit
Monthly Fee                                        $3.95
Number of reloads allowed
            Instant issue card                    three times
            Personalized card                    Unlimited
Reload fee                                           $0
Expiration timeframe                          Three years from the date the card was produced
Minimum Age to purchase                  18 years old
Other fees may also apply; please see disclosure provided at the time of purchase.

Travel Cards

Use travel cards instead of traveler’s checks. The travel card can be used anywhere debit cards are accepted. The brand marks on the card indicate where the card is accepted and typically will be displayed on the merchant’s store front or on the ATM machines. The reloadable card can also be used for online and telephone purchases. At point-of-sale, the card can be used as a signature or PIN-based transaction. If the PIN option is used at point-of-sale, there is a $.,50 transaction fee assessed to the card. The reloadable card can also be used at ATMs or at financial institutions to obtain cash. All of these options are subject to transaction fees. You may request a second card (at the time of purchase only) which will have a different card number but will share the same account information and balance as the primary travel card. Both cards will be fully functional but if one becomes lost or stolen, you can cancel it without impacting the use of your other card. The following apply to travel cards:

Purchase fee for primary card             $10.00
Purchase fee for companion card        $3.95
Minimum Load Value                         $100
Maximum Load Value                        $3000
Maximum Balance                              No limit
Monthly fee                                        $0
Number of reloads allowed                23
Reload Fee                                          $2.95
Expiration Timeframe                         Three years from the date the card was produced
Minimum Age to purchase                  16 years old

Other fees may also apply; please see disclosure provided at the time of purchase.

Large Order Gift Cards

The large order gift cards are primarily for business customers with the same functionality as our other gift cards. The major difference is that they can be personalized with an embossed message – either the same message for all recipients, or a unique message for each one. They are pre-loaded at the time of purchase, and then shipped inactive. Shipping the large order personalized gift cards in an inactivated state helps guard against theft and fraud. The cards are easily activated online. The following apply to large order gift cards:

Purchase fee for each gift card           $3.00
Minimum Load Value                         $10
Maximum Load Value                        $2000
Maximum Balance                              $2000 per card
Monthly Fee                                        $2.95 after 6 months if balance remains
Number of Reloads allowed               0
Expiration timeframe                          Three years from the date the card was purchased
Minimum Age to Purchase                 No minimum age to purchase

Other fees may also apply; please see disclosure provided at the time of purchase.

Savings Bonds

EE Bonds

Purchase price - 50% of the face value
Safe - backed by the U.S. Treasury
Earn - 90% of the average yield on a 5 year Treasury Security
Interest is added to the bond value monthly, is compounded semi-annually, and is exempt from state and local taxes.
Final maturity of 30 years
May redeem after twelve months from purchase (three month interest penalty if redeemed before five years)
Bonds are sold in denominations of $50, $75, $100, $200, $500, $1000, $5000 and $10,000
Maximum purchase limit is $5,000 per person per calendar year

I Bonds

Purchase price - face value
Safe- backed by the U.S. Treasury
Earn - The earnings rate of an I Bond is a combination of two separate rates; a fixed rate of return and a variable semi-annual inflation rate. The fixed rate remains the same throughout the life of the I Bond, while the semi-annual inflation rate can vary every six months.
The fixed rate of return is announced by the Treasury Department each May and November. The fixed rate of return announced in May of a given year is the same over the entire life of the I Bonds you purchase between May 1 and October 31 of that year. Likewise, the fixed rate of return announced in November of a given year applies to the entire life of I Bonds you purchase between November 1 and April 30 of the following year.
The semi-annual inflation rate is also announced each May and November by the Treasury Department.
The semi-annual inflation rate is based on changes in the Consumer Price Index for all Urban consumers, which is reported by the Bureau of Labor Statistics. The semi-annual inflation rate announced in May is a measure of inflation over the preceding October through March; the inflation rate announced in November is a measure of inflation over the preceding April through September . The semi-annual inflation rate is combined with the fixed rate of an I Bond to determine the I Bond's earnings rate for the next six months.
Interest is added to the bond value monthly, is compounded semi-annually, and is exempt from state and local taxes.
Deferred Federal taxes on earnings for up to 30 years
Value never less than original investment
Final maturity of 30 years
May redeem after twelve months from purchase
Bonds are sold in denominations of $50, $75, $100, $200, $500, $1,000, $5,000
Maximum purchase limit is $5,000 per person per calendar year

To order EE Bonds or I Bonds come by and see one of our Customer Service Representatives.

Overdraft Privilege

For selected accounts, there will be a pre-approved Automated Overdraft Privilege limit of $500. Whether we pay or return overdraft items for you, you will be charged our normal NSF/Insufficient Funds Fee for each item presented (currently $28 for each item). Both the amount of the overdraft items and all applicable fees are included in this limit. The Overdraft Privilege is available for all checks you write, all ACH (electronic) items that are presented and it is also available through the ATM and debit card networks. Just continue to make regular deposits to your account - sufficient to bring your account to a positive balance (not overdrawn) at least once every 30 days. Also, you must not be more than thirty (30 days) past due on any bank obligation to qualify for Overdraft Privilege. Whether your overdrafts will be paid is discretionary and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is not in good standing, or you are not making regular deposits, or you have too many overdrafts.

Cashier's Checks

A cashier's check is a bank check Fee - $3.00

Wire Transfer

Need to get money somewhere fast? We can wire it for you. All we need to know is the receiving bank ABA or Routing number and the beneficiary name, physical address and account number.

Overdraft Protection

Forget to make that deposit on time?

Deposits in multiples of $100 from your savings account to your checking account.

Eliminates trips to bank.

For each transfer you will be charged a $1.00 transfer fee.

Direct Deposit

Don't have time to go to the bank? Come in and inquire about Direct Deposit.

Safer - No more lost or stolen checks

Simple sign up form

Eliminates trips to bank - your money is deposited to your account even when you are out of town, sick, or just don't have time to go to the bank.

You may call the Social Security office at 1-800-772-1213 and have your social security payment or supplementary security income direct deposited to your account. Be prepared to give them our ABA or Routing number (083903742) and your account number.

ACH Origination

Doing everyday tasks electronically will save you time and money. We can originate ACH transactions for:

Payment on a loan
Transfer of funds between accounts

Premierecorp

For our business customers we offer “Premierecorp” through our Internet On-Line Banking.

From your personal computer you can do the following:

Direct Deposit of Payroll
Originate electronic debits to customers for services rendered
EFT Tax Payment
ACH Payments
ACH Receipts
Cash Concentration
Wire Transfer Requests
Much, much more

Contact our Internet Banking Department at 270-526-3881 for more information or e-mail us at info@mtownbank.com.

FDIC Insurance

All single ownership accounts are insured up to a maximum of $250,000 including principal and interest. Single ownership is an account owned by one person.

Joint accounts are insured separately from single ownership if all the following are met:

All co-owners must be natural persons (not corporations, partnerships)
Each of the co-owners must be equal
Each of the co-owners must have personally signed a deposit account signature card. The execution of an account signature card is not required for certificates of deposit, deposit obligations evidenced by a negotiable instrument, or accounts maintained by an agent, nominee, guardian, custodian, or conservator, but the deposit must in fact be jointly owned.

Testamentary accounts ("Totten" trust accounts, revocable trusts or payable on death accounts) make up another legal ownership category and are insured separately from single ownership and joint accounts. In order to qualify, the account must meet all the following:

Named beneficiary must be the owner's spouse, child, grandchild, parent, brother or sister
Funds belonging to the named beneficiary must be shown in the title of the account using terms such as "in trust for", a" as trustee for" or "payable on death".
Beneficiaries must be specifically identified by name in the account records of the depository institution

Each owner meeting the above requirements is insured up to $250,000 per qualifying beneficiary at each insured institution.

Irrevocable trusts are another legal ownership category. The interest of each beneficiary is insured up to $250,000, separately from other accounts held by the grantor, trustee or beneficiary, if all of the following are met:

The deposit account records must disclose the existence of the trust relationship
The interests of the beneficiaries must be recognizable from the account records or from the records of the trustee maintained in good faith and in the regular course of business
Value of each beneficiary's interest must be determinable
Trust must be valid under state law

IRA and Keogh funds are separately insured from any non-retirement funds the depositor may have at an institution. However, the two are added together and the combined total will be insured up to $250,000. IRA and Keogh deposits made before December 19, 1993 are insured separately from each other and from any other funds of the depositor. They are subject to the aggregation rules when they mature, roll over or are renewed. An Education IRA is insured under the rules for irrevocable trust accounts.

Funds deposited by an executor or administrator are added to any other funds the deceased may have maintained at the depository institution. Funds deposited by a guardian, custodian, agent, nominee or similar fiduciary are added to any other single ownership funds.

Funds deposited by a corporation, partnership or unincorporated associate are insured up to a maximum of $250,000. If business is a sole proprietorship, it is treated as the individually owned funds of that person.

Whenever two or more insured depository institutions merge, their deposits continue to be separately insured for six months from the date of the merger. Certificates of Deposit assumed continue to be separately insured until the earliest maturity date after the end of the six month period.

Deposits at FDIC-insured institutions are now insured up to at least $250,000 per depositor.