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BSB TISA Fintech Account Disclosures

Last Updated: March 6, 2024

Please read these Account Disclosures carefully. These terms apply to your Deposit Account provided by Bangor Savings Bank in connection with SoLo Funds, Inc, a Certified Benefit Corporation. Capitalized terms not defined in these Account Disclosures shall have meanings set forth in the Deposit Account Agreement and Debit Card Agreement. 

TRUTH IN SAVINGS DISCLOSURES

Account Type

  1. Consumer
  2. Checking/Transactional Account 
  3. Debit Card

FDIC Insurance

Your Account is eligible for FDIC insurance, up to applicable federal limits, as set forth in your Agreement.  

Interest

Your Account is a non-interest bearing account. 

Minimum Balance

There is no minimum balance to open your Account, maintain your Account, avoid the imposition of fees or obtain the disclosed interest rate and APY. 

Transaction Limits

Your Account is subject to all the limitations set forth in your Bangor Savings Bank Deposit Account Agreement (“Deposit Account Agreement”), Bangor Savings Bank Debit Card Agreement (“Debit Card Agreement”) and any other agreement between you and us.  In addition, the following transaction limits apply: 

Tier 1 LimitAmount
ACH Transaction Limit
Daily/Weekly/Monthly ACH Limit$10,00 Daily / $30,000 Weekly / $50,000 Monthly
ATM Withdrawal Limit
Daily/Weekly/Monthly ATM Withdrawal Limit$500 Daily / $3,000 Weekly / $5,000 Monthly
Debit Card Transaction Limit
Daily/Weekly/Monthly Debit Card Transaction Limit (including ATM transactions)$5,000 Daily / $30,000 Weekly / $100,000 Monthly

 

Tier 2 LimitAmount
ACH Transaction Limit
Daily/Weekly/Monthly ACH Limit$100,00 Daily / $500,000 Weekly / $1,000,000 Monthly
ATM Withdrawal Limit
Daily/Weekly/Monthly ATM Withdrawal Limit$1,000 Daily / $6,000 Weekly / $10,000 Monthly
Debit Card Transaction Limit
Daily/Weekly/Monthly Debit Card Transaction Limit (including ATM transactions)$100,000 Daily / $300,000 Weekly / $1,000,000 Monthly

 

Account access and transactions are only made available to you on the SoLo Fund’s mobile application or  SoLo Fund’s website. Deposits to your Account may only be made by ACH transfer from your Linked Account on the SoLo Fund’s mobile application. Withdrawals from your Account may only be made by ACH transfer to your Linked Account on the  SoLo Fund’s mobile application, and by making purchases and ATM withdrawals on your Card, if one is issued to you with your Account. You may not make transactions, view information, or access the funds in your Account using services such as Bangor Online, Bangor Mobile, Telephone Banking, or any services available within each of these platforms. You may not deposit cash or checks in your Account, even if your Card allows you ATM access to cash. You may not make transactions or access your Account using Bangor Savings Bank’s branches. 

Fee Schedule 

You agree to pay all applicable fees on your Account, which are disclosed in your Deposit Account Agreement, Debit Card Agreement, and any other agreement you have with us.  In addition, you agree to pay the following fees:  

FeeAmountWhen the Fee Will Be Imposed
Bank ATM Transaction$1.00Charged for Allpoint ATMs
Third-Party ATM Transaction$1.00In addition to SoLo’s fee, the third-party ATM operator may charge you a fee. 
Monthly Maintenance Fee(not applicable)(not applicable)
Expedited Card Replacement Fee(not applicable)(not applicable)
Overdraft Fee(not applicable)(not applicable)
International Transaction Fee(not applicable)(not applicable)