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

*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 $30 for each item). For consumer accounts, there is a maximum of (3) insufficient funds/NSF fees that can be accessed per account per day. Also for consumer accounts any transaction of $4.99 or less that overdraws the account, will not be charged an Insufficient Funds/NSF fee for that transaction. For consumer accounts, if by paying an overdraft the amount the account is overdrawn is $4.99 or less, then an Insufficient Funds/NSF fee will not be accessed. Both the amount of the overdraft items and all applicable fees are included in this limit.

Overdraft Privilege will be available for all checks written, in-person withdrawals, ACH transactions, preauthorized automatic transfers, and Internet banking. Overdraft Privilege will not be available for ATM and everyday debit card transactions unless you authorize the bank by completing an ATM/Debit Card Consent Form.

NOTE: If you have consented to Overdraft Privilege for ATM transactions, please verify your balance before initiating an ATM cash withdrawal. All overdrafts will be subject to our $30.00 overdraft fee for each withdrawal (with a maximum of (3) per account per day for consumer accounts) until the account returns to a positive balance.

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.