What are the benefits of MoneyMaking Checking when I meet al qualifications? What are the requirements that must be met to qualify for the benefits?

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1 What are the benefits of MoneyMaking Checking when I meet all qualifications? Earn 2.01% APY (Annual Percentage Yield) on balances up to $25,000 Earn 0.25% APY on any amount in excess of $25,000 (APY earned on the entire balance will be a blended rate of between 2.01% 0.60% APY) Nationwide ATM fees refunded It s free, no monthly service charge The minimum balance to earn interest is $.01 What are the requirements that must be met to qualify for the benefits? Just do the following transactions and activities in MoneyMaking Checking each monthly qualification cycle: o Have at least 12 debit card purchases that post and settle o Have at least 1 direct deposit or automatic payment (ACH) post and settle o Be enrolled in and receive estatement notice If I meet the qualifications, when will I receive my benefits? Interest and nationwide ATM fee reimbursements will post the 3 rd Wednesday of the month (statement cycle date). How often must the requirements be met to qualify for the benefits? To qualify for the benefits, the requirements must be met each monthly qualification cycle. How will I know that I have qualified for my benefits? You will receive an telling you whether or not you qualified at the end of each statement cycle. In your first statement cycle as a holder of a MoneyMaking Checking account, you will receive the qualifying benefits from the date of enrollment to the end of the first statement cycle, regardless of whether or not you met all of the requirements. What happens if I don t meet the qualifications one monthly qualification cycle? If there s a monthly qualification cycle in which you don t meet the qualifications, don t worry, there is no penalty and you still have a free checking account that earns a base interest rate. Plus, the following monthly qualification cycle you ll be eligible to qualify again for the higher interest and nationwide ATM fee refunds. What is the difference between my qualification cycle and statement cycle? The statement cycle for MoneyMaking Checking ends on the 3 rd Wednesday of the month. The monthly qualification cycle begins the 3 rd Wednesday of the month (statement cycle date) and ends the business day prior to the 3 rd Wednesday of the next month.

2 Is there a minimum balance? No! There is no minimum balance required to maintain the account. The minimum balance to earn interest is $.01. What is the minimum opening balance for a MoneyMaking Checking account? $10 minimum opening balance requirement for MoneyMaking Checking. Do I still get checks with this account? Yes, you can still get and use checks as you would with any checking account. After opening your MoneyMaking Checking account, contact Monson Savings Bank for details on ordering your checks. Is there a limit on the number of checks I can write on a MoneyMaking Checking account? No. This account is a normal checking account with no limits on check writing. Do intra-bank transfers or ATM withdrawals count as qualifying transactions? No, intra-bank transfers and ATM withdrawals do not count as qualifying transactions. How does the tiered interest rate work for MoneyMaking Checking? If you qualify, the portion of your balance $25,000 and below will earn 2.01% APY. Amounts in excess of $25,000 will earn 0.25% APY (APY earned on the entire balance will be a blended rate of between 2.01% 0.60% APY). If you do not qualify, you earn 0.05% APY for the monthly qualification cycle on the entire balance. Can the interest rate change on my MoneyMaking Checking account? Yes, the interest rate is variable. While rates are always subject to change depending on market conditions, the intent of this account is to provide a premium interest rate above most other local deposit rates. Interest rates are subject to change without notice. How is the Interest calculated? Interest will be calculated using the daily balance method. Will MoneyMaking Checking customers receive a 1099 tax form reflecting interest earned over the year? Yes. If you earned $10.00 or more in interest during the applicable calendar year, you will receive a Will I be reimbursed for my ATM transactions after each withdrawal or at the end of the cycle? Your nationwide ATM fee refunds occur at the end of each statement cycle (3 rd Wednesday of the month).

3 Do I have to do anything in order to get my ATM refund? Yes. You must do the following transactions and activities in MoneyMaking Checking each monthly qualification cycle: o Have at least 12 debit card purchases that post and settle o Have at least 1 direct deposit or automatic payment (ACH) post and settle o Be enrolled in and receive estatement notice Are fees refunded on International ATMs? No, only nationwide ATM fees are refunded. Is MoneyMaking Checking insured? Yes. MoneyMaking Checking is fully insured by the FDIC up to $250,000 and excess deposits are insured by the Depository Insurance Fund (DIF) of Massachusetts. If I overdraw my account, will I still be able to qualify for my benefits during that monthly qualification cycle? Yes (if the qualifications are met). If I close my MoneyMaking Checking account during the monthly qualification cycle, do I still earn my benefits for the time it was open? No. Your account must remain open through the last day of the statement cycle to qualify for the benefits. What if my new debit card doesn t arrive until late in the monthly qualification cycle and I don t have time to earn my benefits will I still get them? Yes. You will receive your benefits for your first monthly qualification cycle, whether you qualify or not. If I miss my requirements by only one debit card transaction, can I call in and get my interest and ATM refunds anyway? No. You must meet ALL of the qualifications during the monthly qualification cycle in order to receive the benefits. Is the MoneyMaking Checking account really free? Yes. There is no cost to start up the account, no monthly maintenance fee and there are no fees for debit card transactions, direct deposit, or automatic payments posting to the account. Some additional costs incurred on accounts might include check orders or overdraft fees. How can I convert my current Monson Savings Bank checking account to a MoneyMaking Checking account? Speak to any of our customer service representatives and they will guide you through the simple process of converting your account.

4 If I convert my current Monson Savings Bank checking account, will I be able to use my existing Debit Card, checks, and account number with my MoneyMaking Checking account or will those all change? Yes since your checking account number will remain the same. If I change my current Monson Savings Bank account to a MoneyMaking Checking account, will my monthly statement cycle change? Yes, it will change to the 3 rd Wednesday of the month. Will the transactions from this monthly qualification cycle on my old account count towards the required transactions for this monthly qualification cycle on my MoneyMaking Checking account? No. But you will receive your benefits for your first monthly qualification cycle whether you qualify or not! Can I open a MoneyMaking Checking account over the phone? No, but we would be happy to set up an appointment over the phone. Can I open multiple MoneyMaking Checking accounts in my name? No. There is a limitation on the number of accounts opened for the same primary tax identification number. Joint account holders may each have one account in their tax identification number. Example: John and Mary have two joint checking accounts. Both accounts will be eligible as long as Mary s TIN is used on one account and John s TIN is used on the other account. Can multiple people use the same MoneyMaking Checking account? Yes. As long as you provide the proper paperwork for each individual to be a joint owner of the account (limit three names per account). Can this be used as a business account? No. MoneyMaking Checking is for personal accounts only. How does a debit card reversal affect my requirements? You need a net of 12 debit card purchases, so a reversal (or credit) would count against the net total (i.e. You make 12 purchase transactions but return one. Your net purchase transactions for the monthly qualification cycle would be 11). May I carry forward debit card transactions in excess of the required number to the next monthly qualification cycle? No. You must qualify during each monthly qualification cycle. Transactions posted after the cut off will apply towards the following monthly qualification cycle. If I travel out of state with my card, is there anything that I should do?

5 Yes. For security purposes Monson Savings Bank has restricted several areas for debit card purchases. We ask that, prior to traveling, you let us know where you plan to be using your card so you are not inconvenienced in any way. How do I sign up for e-statements? You sign up for e-statements through our Online Banking application. Is there a limit on the amount of money I can keep in my MoneyMaking Checking account? No (Note that deposits are insured by the FDIC up to $250,000 and excess deposits are insured by DIF). Is there a limit on the amount of nationwide ATM refunds that I can receive during a given monthly qualification cycle? No. Is there a limit on the number of debit card transactions I can do on a MoneyMaking Checking account? No. You can use your debit card as many times as you like for purchases or withdrawals, but only purchases count toward the monthly qualifications. Is this too good to be true? Not in the least! You qualify each cycle when you do things like: using your debit card, receiving e-statements, and having a direct deposit or automatic payment. The transactions and purchases must post and clear your account to count toward your monthly qualifications. These activities help Monson Savings Bank save money, which we pass along to you. What if I need to talk to someone at Monson Savings Bank? Simply call Monson Savings Bank at or us at info@monsonsavings.com and we ll provide the same great customer service you get when you visit one of our branches.