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Service Charge Method for Regular Checking <br /> <br />Each month an earnings credit is calculated on the account and compared to the fees accrued on <br />the account. If the earnings credit is more than the accred fees, no service charge is assessed. If <br />the earnings credit is less than the accrued fees, the deficit is charged to the account. The <br />amount of the earning credit is determined by applying an earnings credit rate to the average <br />collected account balance for the month. The earnings credit rate is based on the average of the <br />90-Day Treasury Bill rate for the prior month. Accrued fees for the month include charges for <br />transaction activity and interest. <br /> <br />The City of Paris would also have the option to pay hard dollar fees for services and not maintain <br />a non-interest bearing account. In that case the actual cost of services rendered would be billed <br />or charges to your account for transaction activity only. <br /> <br />HIBERNIA NATIONAL BANK WILL WAIVE THE FIRST $1,000 IN SERVICES <br />CHARGES NOT COVERED BY COMPENSATING BALANCES. <br /> <br /> <br />