TRUST f ee s
CUSTODIAL ACCOUNT FEE SCHEDULE (INCLUDING SELF-DIRECTED IRA ACCOUNTS)
The following schedule of compensation has been established for The Bank to serve as Custodian in accounts requiring investment custody, safekeeping, and recordkeeping.
ANNUAL FEES
The fees outlined below are based on the market value of the account and are charged quarterly in arrears on a pro-rata basis.
MINIMUM FEES
• $600 per year
• Fees outstanding over 30 days may be assessed a late charge of $25 per month.
• Outstanding fees may be taken from cash held in account.
TRANSACTION CHARGES
Custodial/Fed/Depository Eligible $5.50 each
SPECIAL FEES
Every effort will be made to provide our customers with a comprehensive level of service at no additional charge, other than those previously agreed upon, and as amended from time to time. However, where extraordinary services (including termination) are requested/required, a reasonable fee will be assessed based upon the time and effort required of our staff.
NOTE: The above fees do not include out-of-pocket expenses which are billed in addition to our stated charges. These expenses may include, but are not limited to: segregated investment accounts; professional or agent's fees; overnight mail charges; appraisals of closely-held businesses/collectibles, etc.; or research on Limited Partnerships.
EFFECTIVE 3.26.2020