Cash Management

¹Electronic delivery of statements, notices, and disclosures are included with Business Banking 2.0, Cash Management 1.0, and Cash Management 2.0 accounts (subject to the terms and conditions contained in the Online Cash Management Agreement).  Requesting to receive your monthly statement in printed and mailed statement format is considered a request for a fee-based service for additional paper statement copies (ADDITIONAL PAPER STATEMENT (STMT) COPY).  Refer to the Truth in Savings disclosure and Cash Management Agreement and Application for complete details.  A valid email account is required to receive electronic delivery.  Should an email become undeliverable, Murphy-Wall State Bank and Trust Company reserves the right to discontinue your enrollment in electronic delivery of statements, notices, and disclosures. Receiving your monthly statement in printed and mailed statement format will result in additional charges for additional paper statement copies (ADDITIONAL PAPER STATEMENT (STMT) COPIES).

^1.1The Business Banking 1.0 Account must receive electronic delivery of the monthly statement to avoid the Monthly Service Charge Fee.  The account may receive electronic delivery of the monthly statements to a valid email account or obtain electronic statements through our Digital Banking services. If obtaining electronic statements through the Digital Banking services, the account must have completed the Online Cash Management Application and have accepted the terms and agreements of our Digital Banking services. The Monthly Service Charge is a base fee charged on the account and does not include Per Item Fees which may be assessed and charged independently. Refer to the Fees and Charges and Truth in Savings Disclosure(s) for complete details. A valid email account is required to receive electronic delivery.

²A service charge fee will be imposed every statement cycle if the average ledger balance in the account falls below the minimum balance requirement any day of the monthly statement cycle.  The account must maintain the average daily ledger balance or the required combined balances in Deposit Compensating Accounts or combined balances in your Credit Compensating Accounts to avoid the Monthly Service Charge.  To benefit from your relationships in other accounts with us, refer to the Use of Compensating Balances Disclosure.   The “Average Balance” method means the sum of each daily ledger balance during the statement period.  The “Ledger Balance” reflects the total amount of all deposits made to your account in addition to payment transactions that have been posted to your Account.  Terms and Conditions of the account, including but not limited to, fees and charges and services availability, may be changed as described in this brochure.  Please refer to our Deposit Account Agreement and Disclosure for additional information or speak with a Customer Service Representative for details on the Use of Compensating Balances.

³Per Item Fees may be waived if the Business Banking 1.0 account maintains an average ledger balance of $500.00 or greater during the monthly statement cycle period OR has combined balances in Deposit Compensating Accounts of $2,500.00 or greater OR combined balances in Credit Compensating Accounts of $10,000.00 or greater during the monthly statement cycle OR has twelve (12) or more qualified Business Visa^® Check Card purchases post and clear (settle) per qualification cycle to the account. Refer to the Use of Compensating Balances and Non-Consumer Business Visa^® Check Card Reward Program. Additional information regarding requirements, limitations, terms and conditions may also be found in the Online Cash Management Agreement and the Business Visa Check Card Agreement with us.

⁴Refer to Fees and Charges Disclosure and Online Cash Management Agreement for more information.

⁵Approval of Service, Access Levels, and Restrictions may apply. Additional and/or optional requirements, terms, limitations, fees and charges may apply when electing to request optional services not included with account. Additional initial access fees, not listed in this brochure, may apply to the implementation of Online Cash Management and/or Digital Banking Services. Internal Transfers are exclusively limited to and from accounts with same Account Ownership held with Murphy-Wall State Bank and Trust Company. Internal Transfers may not be available for all types of ownership without a subscription to Bill Pay, which may incur additional fees. Internal transfers are covered under the Basic Commercial Online Banking and may not require the separate billable feature of our Online Cash Management Payment Services. External payments of any kind require our Bill Pay or Pay-a-Person Payment Services. Depending on the account product, a fee may be charged for the Bill Pay Service and/or per transaction fees.  Refer to the Fees and Charges in your Deposit Account Agreement & Disclosure, Truth-In-Savings Disclosure, and the Online Cash Management Agreement for complete details.

⁶Company Account Digital Banking Access may be available for use with the account(s). Company Account Digital Banking Access refers to the ability to receive SubUser Access with your digital banking services.  An initial SubUser Application fee may be charged for each SubUser. Some Cash Management Accounts do not allow for SubUser access. Company Account Digital Banking Access may include fees and limitations as well as other restrictions and requirements.  Company Account Digital Banking Access is not included in any fee-waving opportunities.  Refer to the Online Cash Management Agreement for complete pricing details and additional information.

⁷Wire and ACH Origination are optional services and require separate authorized and approved applications. Wire Transfer Requests and ACH Origination services and limitations are subject to credit approval and financial statements.

⁸Account Holder(s) may apply to link a Murphy-Wall Visa Check Card to a business checking account product. Access to a Business Visa^® Check Card may be subject to the credit approval of the card holder. The primary account owner(s) will receive the first Card@Once Instant Issue Business Visa^® Check Card at no charge at the time of the account opening.  Fees and restrictions may apply.

⁹During a Monthly Statement Cycle, when the Business Visa® Check Card is used 18 times or more, the account can earn up to 2% Cash Back on qualifying debit card purchases up to $500.00 during that cycle period up to a maximum cash back amount of $10.00 per monthly Statement cycle. See Business Visa Check Card Agreement for restrictions on the type of qualifying transactions and qualification cycle information details. Limit of 5 Non-Consumer Reward Accounts per TIN.

¹⁰During a Monthly Statement Cycle, when the Business Visa^® Check Card is used 12 times or more on qualifying transactions, Per Item Fees and/or Monthly Service Charges may be waived. See Business Visa^® Check Card Agreement for restrictions on the type of qualifying transactions and qualification cycle information details.