Opening an account
Opening an account means you agree to the deposit agreement, the fee schedule then in effect, and electronic notices from Newham Savings Pro. Each product form repeats the authorization that applies to that action. Submitting a form does not open the product when review is on. Pending means a banker has not released it.
Authorizations to move money
A transfer, a wire, or a bill payment is an instruction to debit the account you selected, in cents. External ACH cannot be reversed once the receiving bank accepts it. A domestic wire includes the $25 fee on the same debit. An international wire includes the $45 fee and may also be charged by a correspondent bank. Wires after 3:00 p.m. local time are next-business-day items and are held for a banker by default.
Deposit agreement
Governs checking, savings, and business deposits. It does not govern cards beyond the way they settle to a deposit account, and it does not govern brokerage, advisory, retirement, or education savings. Overdraft coverage exists only if you opt in. The published item fee is $34, capped at three fees a day.
Investing addendum
Advisory, brokerage, retirement, and education savings are not deposits and are not FDIC insured. You can lose money. A pending investment account does not trade. Online equity commission is published at $0 and the advisory fee is published at 0.75% a year of assets. Past performance is not a guarantee. Contribution limits published for an IRA are not tax advice and do not apply IRS income phase-outs in this environment.
Credit agreement
Loans and cards are originated only after a decision. A personal card’s published purchase APR is 19.99% with a $0 annual fee and a $2,500 starting limit if approved. Personal loans are published at 8.99% before risk-based pricing. Home, auto, and business credit use the rates on those schedules. Advertising on this site, including those rates, is not a commitment to lend and is not a rate lock.
Electronic communications
We communicate electronically unless you ask for paper. Electronic statements are free and are kept for 24 months. The published paper-statement fee is $0 until that setting changes. The legal effect of confirming an authorization on a product form is the authorization described on that form.
Changes
An administrator can change a module setting. Material changes are mailed when that notice is enabled. The agreement named on the product is the one that applies, together with the law that agreement names. A fee table on this website is the published default. It yields to the figure on the application you sign.