Will you be affected by the new dormant account fee?

Has it been over 2 years since you have performed a transaction with your PARDA account?

If you have answered “yes” to the question above, then you may be affected by the dormant account fee!

How to avoid the dormant account fee:

It’s simple! Perform a member generated transaction. A member generated transaction includes: cash or check deposits and withdrawals, ATM transactions, Home Banking and PAR Audio Response Transactions, Share Draft or ACH (Automated Clearing House) Transactions. However, member generated transactions do no include: dividend postings or fee postings.

What happens if I don’t perform a member generated transaction within 2 years?

Your account will be placed in a Dormant Account Status, a hold will be placed on your account and you must complete a cash or check transaction via in branch or mail in order to remove the Dormant Account Status. Your account will be charged a $5.00 monthly fee for every month that your account remains in a Dormant Account Status.