Tioga State Bank

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Waverly Office
436 Cayuta Avenue
Waverly, NY 14892-1507
Telephone Number: (607) 565-8166
Fax Number: (607) 565-3571

Tioga State Bank offers a variety of checking and savings plans to meet your financial needs. Customers that meet TSB relationship requirements are eligible for TSB's relationship accounts which are designed to maximize your convenience, savings and security! To obtain more information, or open an account, stop by one of our community offices.

Checking Accounts

Rewards Checking:

Rewards Checking is a FREE checking account that pays extraordinary interest and refunds the ATM fees you are charged at nationwide ATMs!

Just three simple requirements per qualification cycle:

Confirmed enrollment in TSB Online E-Statements
Make 12 or more purchases using your TSB debit card
One direct deposit or ACH debit

You don't need a high balance to earn a great APY - in fact, any balance from $.01 to $25,000 will put you in the bracket to earn an APY that's as good as a CD! Plus, you'll earn a somewhat lower APY on the balances over $25,000. You don't need to maintain a minimum balance to earn - just meet the requirements.

If you didn't meet the requirements, don't worry; you'll still earn a base APY. Your Rewards Checking account functions as a Free Checking account and pays interest! You won't receive the ATM refunds for that qualification cycle, but you can start over the next cycle, with no service charges or penalties.

*Minimum $25 to open account. Available to individuals only. APY accurate as of 12/18/08. ATM reimbursement limited to $25 per statement cycle. "Qualification cycle" means a period beginning one business day prior to the first day of the current statement cycle through one business day prior to the close of the current statement cycle. Rewards Checking statement cycle closes on the last business day of each calendar month. Rewards Checking Patent Pending by BancVue.

Free Checking:

Only a $25 deposit to open account
No monthly service charge
ATM/Debit Card available with no monthly service fee
Interest Checking:
$2,500 deposit to open account
Interest bearing account with minimum daily balance of $2,500 to earn interest and avoid monthly service charge of $25
ATM/Debit Card available with no monthly service fee
Relationship Interest Checking:
Checking with the benefits you need, the value you deserve.

Debix Fraud Defense: This benefit helps to stop identity theft before it happens. Once you are enrolled in the Debix program, if a thief is attempting to get credit in your name, the credit issuer can choose to trigger a Debix Fraud Alert warning call to you (at the phone numbers listed during enrollment). You then use your personal security code to approve the credit or block it. Without the code, no one can impersonate you.

Credit Alert: With 24-hour, daily credit monitoring, you will be alerted automatically when an inquiry is made into your credit history or certain negative information is added to your Credit Report. The alert notification will be received via US mail. If there are no changes to your credit, you will receive a quarterly notification letting you know that nothing has changed. Customers must enroll in the program via the enrollment packet they receive at account opening.

Payment Card Protection: This protection enables you to register all your credit, debit, ATM and check cards at one time and in one place. If your cards are lost or stolen, simply call one convenient toll-free number 24 hours a day to cancel cards and stop unauthorized purchases.

$2,500 deposit to open account

Interest bearing account with minimum daily balance of $2,500 to earn interest and avoid monthly service charge of $25

ATM/Debit Card available with no monthly service fee

Requires ACH direct deposit of payroll, pension or Social Security to any TSB consumer checking account. If direct deposit is not activated or is cancelled, the account will be converted to an Interest Checking account and the APY will change.

Direct Deposit

Direct Deposit is the electronic equivalent of taking a paper check to your financial institution and having the funds from the check placed into your account. It's convenient, safe, fast, and it can earn you rewards at Tioga State Bank. Tioga State Bank's relationship customers, those customers with a TSB checking account with direct deposit of their payroll, pension or Social Security, receive the benefits of TSB's relationship accounts.

With Direct Deposit:

Your Direct Deposit checks can't be lost or stolen.
You have instant access to your money.
Even if you can't get to the bank, your money will.
It's easy to begin Direct Deposit! If you need help enrolling in direct deposit, contact us for a TSB Switch Kit. We'll assist you every step of the way.

Check Reordering



You can order your checks directly through the Deluxe Personal Check Reorder website. Use this convenient check ordering method to save time! For security reasons, Deluxe has restricted this service to orders that do not have any name or address changes. Also, you must provide the next starting check number for your reorder. If you do have name or address changes, or you do not know the starting check number for your reorder, please mail or bring your check order to Tioga State Bank and we will process it for you.

Prestige Partners - Please mail or bring your Prestige Partnership check order to Tioga State Bank to receive Prestige Partnership fee-free checks.

Savings Accounts

Personal Statement Savings Account

Only a $50 deposit to open account
Interest bearing account with a minimum daily balance of $100 to earn interest and avoid monthly service charge of $5.00

Investment Savings Account:

$2,500 deposit to open account
Interest bearing account with minimum daily balance of $2,500 to earn interest and avoid monthly service charge of $25

Relationship Investment Savings Account:

$2,500 deposit to open account
Interest Bearing Account with minimum daily balance of $2,500 to earn interest and avoid monthly service charge of $25
Requires ACH direct deposit of payroll, pension or Social Security to any TSB consumer checking account. If direct deposit is not activated or is cancelled, the account will be converted to an Investment Savings Account and the APY will change.

CDs/CDARS

Certificates of Deposit

Certificates of Deposit make an excellent short or long-term investment opportunity. For your convenience, we offer many options, including a broad range of maturity dates and a choice of interest-payment options. Our experienced staff will help you select the best alternative for you. With a Certificate of Deposit from Tioga State Bank, your deposits and the interest earned are insured by the FDIC.

CDARS

In the past, there were only three ways an investor could enjoy full FDIC insurance on deposits: open and maintain accounts with multiple banks, invest with one bank by transferring ownership and registering accounts in the names of family members or corporate affiliates, or work through a broker-dealer.

With the Certificate of Deposit Account Registery ServiceSM (CDARS), we can place large deposits into smaller-denomination CDs at multiple FDIC insured institutions. This makes it possible to be insured for amounts larger than the normal FDIC limit.

With CDARS, Tioga State Bank can offer you the following significant benefits:

The safety of FDIC insurance for large deposits.
CD interest rates based on the maturity lengths you choose.
Monthly statements listing all of your CDS, and a consolidated tax statement at the end of each year.
The security of working with people you know and trust at Tioga State Bank.
You must enter into a Deposit Placement Agreement, which contains important information and conditions regarding the placement of funds by Tioga State Bank through CDARS. Please read the agreement carefully and discuss with your personal banker. CDARS and Certificate of Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC.


Individual Retirement Accounts

An IRA is an individual retirement account designed to encourage a person to save for retirement. Tioga State Bank offers Traditional and SEP IRAs. With Traditional and SEP IRAs, earnings grow tax deferred until withdrawn. Tioga State Bank also offers ROTH IRAs which feature tax-free qualified disbursements.

IRA accounts can be established with a Certificate of Deposit or as a Blue Ribbon Savings Account. The Blue Ribbon Savings Account offers a variable rate, and can be opened with as little as $50.

Other Deposit Services

Health Savings Accounts (HSA)

A Health Savings Account is a special account owned by an individual where contributions to the account are to pay for current and future medical expenses. Individuals are eligible for an HSA if they are covered by a High Deductible Health Plan (HDHP), are not covered by other health insurance, are not enrolled in Medicare, and cannot be claimed as a dependent on someone else's tax return. Tioga State Bank HSAs are offered as four-tiered, interest checking accounts with competitive interest rates, no minimum balance to open the account or earn interest, no per check charge, free access to check images via TSB Online Banking, free Xpress Phone Banking and a Tioga State Bank HSA Debit Card.

Coverdell Education Savings Accounts (CESA)

The Coverdell Education Savings Account was created for the purpose of paying for qualified education expenses. Contributions to CESAs are not tax deductible; however, distributions used to pay qualified education expenses are federal income tax free and penalty tax free.

Holiday Club Account

It's never too late to start saving for the holidays. Now is the time to open your Holiday Club account. For those customers that want an automatic system to accumulate savings while earning interest, the Holiday Club account is for you. Holiday Club funds are disbursed to customer accounts in early October.

© 2008 Tioga State Bank