Conversion Information Booklet
Welcome
Welcome to ESSA Bank & Trust.
Founded in 1916, ESSA has been providing our customers with a full
range of consumer and business banking services for many decades.
Over the years we’ve expanded our products and services to meet
the changing needs of our clients and our markets.
Providing the highest level of service to our clients has always been
foremost in our minds. We are confident you can expect a quality
customer experience with every transaction and every interaction.
Benefit from our full scope of banking products, wealth management,
business services, and advisory capabilities. Let us empower you to
reach your goals with confidence – whether that means maintaining
balance in everyday life or planning for one of life’s financial milestones.
Our financial strength offers you the peace of mind that you are
dealing with a safe and secure institution and a respected source
of financial expertise.
We appreciate the opportunity to serve your financial needs.
Gary S. Olson
Conversion Information
The Transition to ESSA Bank & Trust ...2
Using Your ESSA Accounts ...2
Account Statements ...3
Online Banking and Bill Pay ...4
Savings Accounts ...5
Certificates of Deposit (CDs) ...6
FDIC Insurance ...7
Additional Information ...7
ESSA Accounts and Services
ESSA Branches and Electronic Banking ...8
Online and Mobile Banking ...8
ESSA Checking, Savings, Cards, and Credit Accounts – Consumer and Business ...8
Checking Accounts ...9
Savings Accounts ...10
ESSA Debit Cards ...11
Certificates of Deposit (CDs), Individual Retirement Accounts (IRAs)
and Educational Savings Accounts (ESAs) ...11
Consumer Credit Solutions ...12
Business Credit Solutions ...13
Personal Financial Solutions. ...14
ESSA Bank & Trust Branch and ATM Locations
...15
The first section of this guide provides important information about the transition of
your Eagle National Bank (Eagle) accounts and services to ESSA Bank & Trust (ESSA).
The sections that follow offer details about accessing your accounts and more
information about other ESSA products and services that may be of interest.
Important dates and actions are marked with a
The Transition to ESSA Bank & Trust
A Note About... What You Need to Know... Where to Bank Through
December 4, 2015 • Continue to bank as you do today, using your existing checks, deposit tickets, and loan payment options for both consumer and business accounts.
• In addition, you may continue to use your Eagle National debit card to access your accounts.
Over the Weekend
of December 4, 2015 • Beginning the evening of December 4, 2015, ESSA will be transitioning your accounts from Eagle’s computer system to ESSA’s computer system. As of 8:00 p.m. ET on December 4, 2015, you can begin using your new ESSA Debit Card
to access your accounts via: - ATM withdrawals
- Point-of-sale (signature & PIN-based)
• Please note that electronic credits (such as Social Security or payroll direct deposit) that are normally available to you Saturday through Monday (December 5th through the 7th) may not be available to you until Tuesday, December 8, 2015. Future electronic credits will post as scheduled.
Starting December 7, 2015 • You can bank with us:
- At any ESSA branch or ATM (see page 14). - Online at www.essabank.com.
- By using ESSA telephone banking (TeleBank) at (570) 421-1876 (out of the area, call toll-free (800) 655-6706), 24 hours a day, seven days a week.
Using Your ESSA Accounts
A Note About... What You Need to Know... NEW Account Numbers Will
Be Issued for All Accounts • Your account numbers for checking, savings, Certificates of Deposit (CDs), Individual Retirement Accounts (IRAs), and loans will change. We will notify you of your new account number(s) in an additional communication the week of December 7, 2015.
Checks and Deposit Tickets • You will be issued a conversion packet of 50 checks with your new checking account number within 2 weeks of conversion. You should begin using these checks as soon as you receive them. Information for reordering will be included with your conversion checks.
Eagle Debit Card • ESSA will be issuing new MasterCard® Debit Cards to replace your current
Eagle MasterCard® Debit Card.
Included with your ESSA card will be easy to follow instructions for activation. You may activate your card upon receipt and begin using the card on or after 8:00 p.m. ET on December 4, 2015. As a reminder, card activation is required before making any transactions.
On December 7, 2015, your daily cash withdrawal and point-of-sale (POS) limits will convert to ESSA limits. Refer to the Consumer/Business Account Agreement.
• If you currently do not have a Debit Card and wish to obtain one, please contact an ESSA Customer Service Representative to apply.
Telephone Access • Once you receive your new account number(s), you can call ESSA telephone banking (TeleBank) at (570) 421-1876 (out of the area, call toll-free (800) 655-6706), 24 hours a day, seven days a week. You will be asked to enter your new checking, savings, or Money Market account number and establish a PIN by entering the last four digits of your SSN/EIN. This will give you access to the automated telephone banking service.
• If you need assistance with TeleBank, a Customer Service Representative will ask you a few questions to verify your identity and assist you with your accounts during normal business hours.
Account Statements
A Note About... What You Need to Know... Your Financial Deposit Account
Statements from Eagle • Your final Eagle account statement will be issued at the end of business on December 4, 2015, and will cover the period since your last regular statement.
Your New Deposit Account
Statements from ESSA • Your ESSA checking and Money Market account statements will be issued in a new format starting December 10, 2015.
• ESSA savings account statements are mailed at month end.
• If you currently receive a combined account statement, this will not continue. You will receive a separate statement for each account.
• Beginning December 7, 2015, you can request a combined statement for your checking, savings, and Money Market accounts by contacting an ESSA branch location.
• You can enroll in ESSA eStatements beginning December 7, 2015, at www.essabank.com.
Using Your ESSA Accounts (cont.)
A Note About... What You Need to Know... Automated Clearing House
(ACH)/Electronic Transactions • Effective December 7, 2015, please provide your new account number and the ESSA Existing electronic transactions set up for your accounts will continue at this time.
Routing Number (RTN) 231372248 for existing and new electronic transfers. For your convenience, we have a switch kit available online at www.essabank.com under the “About Us” tab.
• Please note that electronic credits (such as Social Security or payroll direct deposit) that are normally available to you Saturday through Monday (December 5th through the 7th) may not be available to you until Tuesday, December 8, 2015. Future electronic credits will post as scheduled.
Wire Transfer Services • Upon receipt of your new account number(s), you will need to contact anyone who sends you wire transfers and alert them that as of Monday, December 7, 2015, they will need to send their wire transfers to ESSA Bank & Trust, wire RTN 231372248.
- Beginning December 7, 2015, only authorized signers on an account may originate wires at ESSA.
- If you currently initiate wires over the phone, you will need to contact ESSA to re-enroll, if eligible.
Online Banking and Bill Pay
A Note About... What You Need to Know...
Transitioning Your Online Banking Beginning the evening of December 4, 2015, until December 7, 2015, online access to your accounts will be restricted to viewing history only and your account balance(s) may display as zero. You may not be able to process transactions from December 4th through December 7th. Some history from your Eagle Online Banking service may not transfer over. For tax
purposes you may want to print or save your electronic statements and tax related check copies to your computer prior to December 4th.
Starting December 7, 2015, access our website at www.essabank.com and use the “First Time Login Instructions” below so that you can begin banking online with iBank@ESSA (iBank). You will be asked to accept our online terms and conditions to begin using the service.
First Time Login Instructions:
• Type in your existing Access ID in the upper left-hand corner of the page. You may continue to use your current Access ID for online banking with ESSA.
• Leave the word “iBank” in the dropdown and click the “Submit” button.
• Enter your existing password in the exact case sensitive format you have used previously. Then, you will be prompted to change your password for future logins.
• Use the following criteria to create and confirm your password, then click “Submit”. - Must be between 8-17 characters long
- Must have at least one letter - Must have at least one number
- Must have at least one special character
• On the next screen you will set security data and then click “Submit.”
• Next you will need to read and accept the Terms & Conditions.
If you already have ESSA accounts, you can login using your current ESSA Access ID and password.
Please complete the login process before June 7, 2016. If you do not login within this time frame, your online services will be canceled for your converted accounts.
• All of your converted accounts and any ESSA accounts you may have will display in your Account Summary.
To avoid the possibility of online banking transfers being delayed over conversion weekend, you should not schedule any transfers beyond December 3, 2015. After conversion
weekend, you may set up your one-time or recurring transfers as follows:
• Retail Online Banking – Beginning December 7th, after you have activated your Retail Online Banking account.
• Business Internet Banking – Beginning December 10th, after you have activated your Business Internet Banking account.
If you have recurring transfers set up through Retail Online or Business Internet Banking, these will convert to transfers using our Transfer Management System (TMS). Thus, you will not see them in your online banking account post-conversion. If you wish to change the transfer back to an online banking transfer or stop the TMS transfer, please call us at (570) 421-0531 (out of the area, call toll-free 800-439-0715), or stop by one of our branches for assistance.
• We will continue to support Quicken/QuickBooks after the conversion. You will need to establish your new ESSA account number(s) with Quicken/QuickBooks using a 2011 or newer version.
eStatements If you would like to print and save any Eagle transaction history (including check images) and/or regulatory disclosures, please do so before December 4, 2015.
If you are enrolled in electronic statements at Eagle before conversion, you will need to print or save any available statements before December 4, 2015.
To continue receiving electronic statements (eStatements), you will need to enroll online on or after December 7, 2015. You can enroll through your iBank account by clicking on the eStatements tab and following the prompts. If you are not an iBank user but wish to receive eStatements, access our website at www.essabank.com, click on the “eStatements” link under the personal banking tab, and follow the instructions at the bottom of the page. Once you enroll in eStatements, you will no longer receive paper statements.
Online Banking and Bill Pay (cont.)
A Note About... What You Need to Know...
Check Images Images of any checks paid from your account after December 7, 2015 can be printed and/or viewed online.
Online Bill Pay The Eagle Bill Pay service will be shut down at 5:00 PM ET on Thursday, December 3, 2015. To insure that any critical payments are not missed, interrupted, or delayed, you may need to adjust your scheduled payment dates to ensure payments are made on a timely basis through Eagle Bill Pay.
• Payments scheduled for December 3rd or earlier will be processed by Eagle Bill Pay service.
• Payments scheduled for December 4th or later will be processed by ESSA Bill Pay service. Your current Eagle Bill Pay Accounts, Billers/Payees, and Scheduled Payments information
will be converted to ESSA.
E-bills will not be converted to ESSA.
In preparation for the bill pay conversion, you may wish to copy and save/print the following information from your Eagle Bill Pay set up prior to December 3rd for use in verifying the information converted to ESSA Bill Pay:
• A list of the payees you currently have set up at Eagle.
• Detailed payee information such as account number and address.
• A list of any e-bills that you currently receive through Eagle.
You may also wish to copy and save/print any history of payments from Eagle Bill Pay, as that information will not be transferred to ESSA Bill Pay.
On or after December 7, 2015, you may log into ESSA’s Bill Pay.
• Login to iBank and click on the Bill Pay tab to review your information.
• You will need to re-establish any e-bills within ESSA Bill Pay.
• ESSA’s Bill Pay normally withdraws funds from your account on the payment due date.
Online Transfers • There is a possibility that internal transfers (Eagle account to Eagle account) and external transfers (involving another financial institution) scheduled for December 5th through December 7th may be processed by Eagle on December 4th as part of the conversion process. Otherwise, ESSA will process these transfers using your new ESSA account(s) by December 9th.
Alerts • You will need to re-establish all alerts for your accounts through iBank.
• Alerts can be sent to e-mail addresses and mobile devices.
Savings Accounts
A Note About... What You Need to Know... At Conversion on
December 7, 2015, Your Eagle Savings Account Will Become an ESSA Savings Account
• Interest earned on your Eagle savings account will be applied to your December 31, 2015 ESSA account statement.
Maturing
Account Term Renewal Term CompoundingCD Crediting/
Retirement Crediting/Compounding
CD Statement Savings
1-5 months 91 days monthly/quarterly – quarterly/quarterly 6-11 months 182 days monthly/semi-annually – quarterly/quarterly 12-17 months 12 months monthly/no compounding quarterly/quarterly –
18 months 18 months monthly/no compounding quarterly/quarterly – 24 months 24 months monthly/no compounding quarterly/quarterly – 36 months 36 months monthly/no compounding quarterly/quarterly – 60 months 60 months monthly/no compounding quarterly/quarterly –
Certificates of Deposit (CDs)
A Note About... What You Need to Know...
Interest Rates You will continue to receive the same interest rate on your existing fixed-term CD until its scheduled maturity. The term and maturity date on your CD will not change.
Notices/Statements • ESSA sends maturity notices at least thirteen (13) days prior to maturity for CDs and retirement accounts with terms greater than thirty (30) days.
Payments, Distributions,
and Deposits • Most time account interest payments and IRA distribution payments will take place on approximately the same schedule as your current payments, although for operational reasons, some payment schedules may be modified. If your payment schedule is modified, you may receive a partial or adjusted payment on your first payment under the new schedule. In addition, interest payments made by check may be delayed slightly around the time of the conversion.
• CD interest payments and IRA distributions made by check from multiple accounts on the same date will be processed as separate checks or payments for each account.
• IRA interest-only distributions from retirement CDs will take place on the day of crediting.
• IRA owners over age 70½ and inherited (beneficiary) IRA owners are responsible for withdrawing the annual Required Minimum Distribution (RMD) each year. Contact your tax advisor for advice specific to your situation. ESSA does not automatically provide notifications that distributions will not meet the RMD. You may contact a Customer Service Representative starting December 7, 2015, to review your existing distribution schedules or establish new automatic distribution instructions to ensure you meet the RMD each year.
At Maturity • CDs and IRA CDs will renew for the renewal term stated below at the rate available on the renewal date.
• IRA CDs with terms of 6 months or less will convert to a IRA Statement Savings upon maturity.
• Interest will be calculated using a 365-day year and be compounded as listed below.
• The grace period is seven (7) calendar days from the maturity date.
• Eagle’s early withdrawal penalty (180 days) will apply through first maturity. Thereafter, ESSA’s early withdrawal penalties will apply.
• See the enclosed Consumer or Business Disclosure for terms and conditions governing accounts at renewal.
FDIC Insurance
A Note About... What You Need to Know... FDIC Deposit Insurance
Coverage Increase The FDIC Standard Maximum Deposit Insurance Amount (SMDIA) for deposits has been permanently increased to $250,000 per depositor per insured financial institution.
Merger Impact on FDIC Deposit
Insurance Coverage • On December 4, 2015, your accounts will be covered under ESSA Bank & Trust’s (“the Bank”) charter. Under FDIC rules, funds held in a bank that acquires another bank’s accounts are separately insured for at least six (6) months after the acquisition (June 4, 2016). CDs may be separately insured for longer than six (6) months after an acquisition. The following FDIC rules apply to funds you had on deposit at Eagle as of December 4, 2015:
CDs (including IRAs)
- If the CD has a maturity date after June 4, 2016, the CD will be separately insured, under the FDIC’s general deposit insurance rules, from other deposits you have at the Bank until its maturity date.
- If the CD matured prior to June 4, 2016, and was renewed for the same term and same dollar amount (either with or without accrued interest): Under the FDIC’s general deposit insurance rules, the CD will be separately insured from other deposits you have at the Bank, until the first maturity date after June 4, 2016. - If the CD matured prior to June 4, 2016, and was not renewed or was renewed for a
different term or amount: The separate insurance coverage ends on June 4, 2016. Starting June 4, 2016, these funds are added to your other non-separately insured deposits at the Bank, and insured under the FDIC general deposit insurance rules.
Checking and savings accounts
- The separate insurance period for funds in checking and savings accounts expires on June 4, 2016. These funds will be added to your other non-separately insured deposits at the Bank, and insured under the FDIC general deposit insurance rules.
Questions About Your
FDIC Insurance • • Call the FDIC toll-free at (877) ASK-FDIC (275-3342)Refer to the FDIC website for additional details at www.FDIC.gov • Visit your nearest ESSA branch
• Call ESSA at (570) 421-0531 (if out of the area, call toll-free (800) 439-0715) during normal business hours
Additional Information
A Note About... What You Need to Know...
Accounts Without a Balance • If you have an Eagle checking or savings account with a zero balance and the account had no deposit activity during the month of November 2015, your account may be automatically closed. If the account is currently combined with other accounts for the purpose of a statement, your combined statement will be discontinued and any statements generated for your other accounts, if applicable, will be sent separately.
Consumer Privacy • Please be assured that we do not sell or share customer information with outside parties who may wish to market products to you.
• For more information:
- Refer to the consumer disclosure
- Go to www.essabank.com and click on About Us/Privacy
- Visit your nearest branch or call (570) 421-0531(if out of the area, call toll-free (800) 439-0715)
We Want You to Be Protected • ESSA is committed to protecting your account identity and account information. For information on fraud prevention, go to www.essabank.com and click on About Us/Identity Theft.
• Use caution if you receive an email expressing an urgent need for you to update your account information, activate your online banking account, or verify your identity by clicking on a link. These emails may be part of a scam to capture your confidential account information and commit fraud. Please forward these e-mails to iBank, and then delete the email from your inbox and outbox.
In this section, you’ll see the many ways you can manage your finances and access your accounts at ESSA.
Use your debit card for convenient ATM access to your linked checking, savings, and Money Market accounts.
You can also set up online and mobile access or use online planning tools to help plan your retirement, budgets,
and more. With ESSA, you’ll also enjoy 24-hour automated service by phone.
ESSA Branches and Electronic Banking
ESSA BranchesBeginning December 7, 2015, you will be able to bank at any of our branches located in Chester, Delaware, Monroe, Northampton, Lehigh, Lackawanna, and Luzerne counties. Our in-store branches are open seven days a week with convenient hours. Visit www.essabank.com and click on Branch Locations to find a branch near you.
ESSA ATMs
ESSA ATMs provide a convenient way to: • Withdraw cash
• Transfer funds between accounts • Retrieve balance information
Visit our website at www.essabank.com for current ATM locations.
ESSA TeleBank
Use the automated ESSA telephone banking service (TeleBank) to: • Check your available deposit account balances
• Review balances on your loans and lines of credit • Make loan and line of credit payments
• Transfer money between accounts
Online and Mobile Banking
ESSA’s iBank offers a secure, fast, and easy way to manage your finances anywhere you have Internet access. You’ll have new choices, new services, and online tools to help you manage your accounts.
Sign Up for iBank
Even if you are not enrolled in Eagle online banking, starting December 7, 2015, you can enroll in ESSA’s online banking service, iBank. Simply visit www.essabank.com to learn how. ESSA Bill Pay
It’s easy to stay on top of your finances when you pay your bills online. With ESSA’s Bill Pay, you can:
• Pay any individual or company in the U.S. • Make one-time or recurring automatic payments • Save checks while reducing the risk of mail fraud • Create transfers to and from your accounts at
other banks (A2A)1
• Make electronic transfers to other people (Popmoney®)1
ESSA Mobile Banking
• Enjoy the convenience of banking 24 hours a day, seven days a week on your mobile phone. There are three easy ways to access your accounts: download ESSA’s app via your device’s app store, use your device’s browser-based application, or send a text message1. Get free mobile access to your ESSA accounts, pay bills, make deposits, and more. Beginning December 7, 2015, go to www.essabank.com on your mobile device or computer to learn more.
*Carrier message and data rates may apply.
eStatements and Check Images
View all the information you would find on your paper statement without the paper.
• View, print, or save your statement anytime • Securely access your statements for up to
sixteen (16) months
ESSA Checking, Savings, Cards, and
Credit Accounts – Consumer and Business
(For detailed information about ESSA accounts, please see the enclosed Consumer or Business Disclosure.)
Whether you’re looking for new ways to manage your money, a secure way to save, or convenient access to credit when you need it, ESSA has an account or service that’s right for you. Checking Accounts
Whether you have basic or complex checking needs, ESSA has a checking account that fits. These accounts offer built-in convenience with access to ESSA ATMs and free enrollment in iBank.
Savings Accounts
With your ESSA savings account, you’ll have the security you need while earning competitive interest rates. Cards
Use your new ESSA Debit Card for convenient access to your accounts.
Credit Accounts
ESSA offers loans and lines of credit with fixed terms and payments to help you plan your budget or variable rate loans that let you take advantage of market opportunities.
ESSA Accounts and Services
Checking Accounts
Account Name Description
Basic Checking A checking account you can open with a low minimum balance of just $100 to avoid a monthly service charge. This account provides unlimited check writing and many additional features. Sign up for eStatements and get the added benefit of free online Bill Pay when you enroll in iBank.
Relationship Checking An interest-bearing checking account for customers with higher balances or other ESSA deposit accounts, with added value and money-saving benefits. This account provides easy electronic access, a discounted Safe Deposit Box rental fee, and free financial planning consultation.
eChecking Our electronic checking account provides you easy access with no minimum balance requirements and free ATM/Debit card transactions1, along with convenient eStatements.
ESSA Business
Basic Checking This account is for the sole proprietor or small business with limited monthly transaction activity. Maintain a $100 minimum balance to avoid a monthly service charge. Sign up for eStatements and get the added benefit of free online Bill Pay when you enroll in iBank.
Business Plus Checking This account is an interest-bearing account designed for small business owners.
• $1,000 minimum daily balance to avoid monthly service charge
• Generous number of free transactions each month including deposits posted, checks paid, and ACH transactions posted
• Business debit card available with no monthly fee
• Bill Pay monthly fee waived when enrolled in eStatements2 • iBank at no charge
Business Analysis
Checking This account is designed for the business that experiences higher transaction volume, maintains a higher checking balance, and utilizes cash management services.
• No minimum balance requirement
• Affordable monthly maintenance fee
• Earnings credit to offset fees
• Business debit card available with no monthly fee
• iBank at no charge
• Bill Pay monthly fee waived when enrolled in eStatements2
• Cash Management services (i.e. ACH Origination, wire transfers, and merchant capture)
NPO/IOLTA Checking This account is designed to meet the needs of nonprofit organizations (NPOs) and Interest on Lawyers Trust Accounts (IOLTAs). There is no minimum daily balance requirement
• No monthly maintenance fee
• Interest earned when daily balance is $1,000 or more
• Unlimited free transactions each month including deposits posted, checks paid, and ACH transactions posted
• iBank at no charge
• Bill Pay monthly fee waived when enrolled in eStatements2
• Cash Management services (i.e. ACH Origination, wire transfers, and merchant capture)
Checking Accounts
ESSA offers the following checking accounts:
For detailed information about your checking accounts or to discuss other options, stop by any ESSA branch to speak with a Customer Service Representative or call (570) 421-0531 (if out of the area, call toll-free (800) 439-0715) during normal business hours.
1 Other banks’ fees may apply. 2 Bill Pay not available for all accounts.
Savings Accounts
Savings and money market products are available to you at ESSA. For detailed information about ESSA savings and Money Market accounts, stop by any ESSA branch and speak with a Customer Service Representative or call (570) 421-0531 (if out of the area, call toll-free (800) 439-0715) during normal business hours.
Savings Accounts
Account Name Description
Statement Savings Convenience is the key to a Statement Savings account. Access your money 24 hours a day, seven days a week, through iBank, TeleBank, or at ATMs. All of your transactions will be reported on your monthly statement. As long as you maintain the minimum daily balance, you earn interest and there is no monthly service charge. Federal regulations limit the number of transfers permitted each month on this account.
• To encourage children to save, the minimum balance requirement and monthly service charges on this account are waived until the age of 18.
ESSA Money Market The ESSA Money Market account is for consumers only. This account allows you to deposit funds in a federally insured, interest-bearing account that offers money market yields. Earn progressively higher interest rates on higher balances. Whenever your balance reaches the next tier, you will automatically earn the corresponding rate. There are no service charges on this account when you maintain the minimum daily balance requirement.
You can make deposits and withdrawals at any time in any amount at any of our convenient branch locations. You also have ATM access to your account, and you can even write checks on your ESSA Money Market account; although federal regulations limit the number of transactions and transfers each month.
Business Money Market2 ESSA’s Business Money Market account allows a business to deposit funds in a federally
insured, interest-bearing account that offers money market yields. Earn progressively higher interest rates on higher balances. Whenever your balance reaches the next tier, you will automatically earn the corresponding rate. There are no service charges on this account when you maintain the minimum daily balance requirement. ESSA offers a business debit card with no monthly fee and free transactions3 for this account.
You can make deposits and withdrawals at any time in any amount at any of our convenient branch locations. You also have ATM access to your account and you can even write checks on your ESSA Business Money Market account; although federal regulations limit the number of transactions and transfers each month.
Overdraft Protection at ESSA
ESSA’s Payment Protection provides a convenient way to avoid the embarrassment of overdrawing your account or having an item returned for insufficient funds. Add Payment Protection to any of your checking accounts by linking them to another checking, statement savings1 or Money Market account1. Funds will automatically be transferred to your checking account when the balance does not cover checks you have written or other items presented for payment on your account (for example, ACH or debit card transactions). We’ll do the work, and you’ll avoid having your check or electronic transaction returned. Standard insufficient funds/overdraft fees are waived, but a transfer fee will apply.
1 During any statement cycle, federal regulations restrict you to no more than six (6) withdrawals or transfers to another account of yours or to a third party by means
of a preauthorized/automatic transfer, telephone transfer, Internet banking transfer, check, draft, debit card, or similar transfer.
2 This account may not be available in all areas. 3 Other banks’ fees may apply.
ESSA Debit Cards
ESSA Debit Cards provide you with easy access to your funds. You can get cash and transfer funds at any ATM1. You will enjoy convenient access to your linked checking, savings, and Money Market accounts.
You can use your cards at millions of locations where MasterCard® debit cards are accepted, including grocery stores, restaurants, gas stations, and even for Internet and cell phone purchases.
1 Fees and transaction limitations may apply.
Certificates of Deposit (CDs), Individual Retirement Accounts (IRAs)
and Educational Savings Accounts (ESAs)
ESSA offers CDs with competitive, fixed interest rates and flexible terms along with the security of being FDIC-insured. With a minimum opening deposit, you can lock in a guaranteed fixed rate for the term of your time CD. For current rates, please visit www.essabank.com or any branch office.
ESSA IRAs should be the foundation of your retirement plan. With the flexibility of a Statement Savings account or the certainty of a fixed rate over your choice of terms and the security of FDIC insurance, no other product provides a more solid base for growth of your financial future.
ESSA also offers the ESA, a tax-deferred account with earnings and withdrawals free from federal income tax if used for education expenses. Use this FDIC-insured account to pay for expenses such as tuition, room and board fees, books, supplies, and computer equipment at any elementary, high school, or post-secondary school. Contribution limits apply.
CDs, IRAs, and ESAs
Account Name Description
Certificates of Deposit • ESSA offers a wide selection of Certificates of Deposit (CDs) to meet your needs.
• Certificate terms from thirty (30) days up to sixty (60) months are available.
• Jumbo Certificate for investments of $100,000 and more, available in terms from thirty (30) days to sixty (60) months.
IRA/ESA Statement Savings Accounts and Certificates of Deposit
• IRA/ESA Statement Savings accounts are a trouble-free way to get your retirement savings on the right path and possibly save on taxes. IRA Statement Savings accounts can be opened with as little as $50.
• IRA/ESA Certificates of Deposit are a low-risk option that can meet your retirement needs. IRA Certificates of Deposit offer terms available from twelve (12) to sixty (60) months and can be opened with as little as $250.
Consumer Credit Solutions
ESSA offers great solutions for your one-time or flexible financing needs. You can receive a quick credit decision and quick access to your funds.
To apply for any of these credit services visit any of our branch locations.
Consumer Credit Solutions
Account Name Description
Personal Loans/
Personal Lines of Credit • Whether it’s a vacation, a wedding, or one of life’s unexpected emergencies, ESSA Bank & Trust has the loan to help you through. If you need to borrow money for any personal reason, ESSA has unsecured loans available with fixed rates and a variety of terms.
• Variable rate personal lines of credit offer the flexibility to “write your own loan” and borrow the amount you need when you need it.
• There is no application fee.
• You may also apply online at www.essabank.com.
Auto Loans • ESSA offers financing for both new and used automobiles. If you come in before you start to shop, we can even pre-approve your loan. We offer terms of up to five (5) years for most vehicles. All automobile loans offered by ESSA Bank & Trust have a fixed interest rate.
• You may also apply online at www.essabank.com.
Home Equity Loans • An ESSA Home Equity Loan allows you to borrow using your equity as collateral. The maximum amount you can borrow not only depends upon your equity, but we also consider your income and any other debt you may have when determining your borrowing power.
• The interest rate for a home equity loan is fixed for the term of the loan so your payments will always be the same. Plus, the rate we quote at the time you apply is guaranteed for thirty (30) days, even if rates go higher.
• You may also apply online at www.essabank.com.
Home Equity Lines of Credit • Our Home Equity Line of Credit is as easy to use as a checking account. Whenever you need to borrow, you “write your own loan” simply by writing a check. You’ll have continuous access to the available balance in your account, and your balance renews itself as you make payments.
• Each month, you will receive a detailed statement showing all your account activity.
• You can choose to extend your payments for a period of years, or make larger- than-minimum payments with no pre-payment penalty.
• The interest rate on your Home Equity Line of Credit may adjust monthly.
• You may also apply online at www.essabank.com.
Mortgages • ESSA offers fixed rate mortgages in terms up to thirty (30) years. Regular monthly or bi-weekly payments are available.
• Adjustable rate mortgages offer the predictability of fixed payments during the initial rate-lock period (one, three, five, or seven years) with terms up to thirty (30) years.
• ESSA offers investment mortgages (both fixed and adjustable rate).
• Jumbo mortgages are available in most ESSA mortgage types. Terms are limited to a maximum of thirty (30) years for adjustable rates, or twenty-five (25) years for fixed rates.
Business Credit Solutions
Account Name Description
Commercial Lines of Credit We can arrange a line of credit that is most appropriate to meet the short-term capital requirements of your business. Draw on your credit line whenever you need it and pay interest only on the amount you have borrowed.
Commercial Mortgages ESSA is ready to assist you with many types of real estate financing. You can count on us for competitive rates and terms to assist you with financing purchases, construction, remodeling and rehabilitation, and refinancing commercial property.
Term Loans At ESSA, we know how important it is for you to take advantage of opportunities as they occur. Whether you are making capital improvements or purchasing equipment for your business, a term loan may provide the correct solution to your longer-term credit needs. We will work with you to arrange for the payment plan and terms that are best for your business.
Construction Loans ESSA has funds available to finance the construction of commercial and residential properties to help foster growth. Our Commercial Loan Department is ready to assist area developers and builders with the planning and financing needed to make that next construction project a reality.
Letters of Credit A letter of credit from ESSA will provide your business with a responsive, flexible tool for bonding a construction project or a relationship with a supplier. As such, it provides a guarantee of your business’s performance under contract.
Business Credit Solutions
There are more reasons than ever why ESSA Bank & Trust is the right choice for your business banking needs. You’ll find it starts with competitive products, local decision making, quick turnaround and personal attention from experienced people who understand what businesses need. At ESSA, we’re committed to helping local businesses grow and prosper. That’s why more businesses choose ESSA.
Our Commercial Loan Department is ready to assist you with a wide variety of credit solutions. The following information provides an overview of our products.
Personal Financial Solutions
1How ESSA Can Help
In addition to a wide range of checking and savings accounts and free online tools, ESSA and its affiliates offer ways to help you manage and build your assets and achieve your long-term financial goals. For more information, visit www.essabank.com or call (570) 421-0531 (if out of the area, call toll-free (800) 439-0715) for an appointment.
Full Service Brokerage and Investment Management
We can help find the right solution for you whether you want professional investment advice to manage your investment or prefer to make your own investments.
Investment Planning Services
Whether your goal is retirement, paying for education expenses, evaluating investments or planning for future generations, an ESSA Investment Services Executive can help you develop a road map and take action, so you feel more confident about your financial picture.
Retirement Services
Take advantage of the power of tax-deferred savings with a retirement account. Our investment specialist can help you set up the plan that is best for you.
Trust and Estate Services
Our Trust Officers help you provide for your heirs, build your legacy, protect your hard-earned assets, and manage taxes while keeping you in control.
ESSA Advisory Services (Insurance/Benefits)
The experienced team of insurance agents at ESSA Advisory Services can help you find the right insurance for your business or family. You’ll be able to compare competitive quotes from multiple insurance companies within minutes and easily purchase new coverage at a price that’s right for you.
ESSA Bank & Trust Branch Locations
Corporate Center: 200 Palmer Street, PO Box L, Stroudsburg, PA 18360 GREATER POCONOS Blakeslee 249 Route 940 Blakeslee, PA 18610 Brodheadsville 1881 Route 209 Brodheadsville, PA 18322 Brodheadsville (Weis In-Store)
924 Weir Lake Road Brodheadsville, PA 18322 East Stroudsburg 75 Washington Street East Stroudsburg, PA 18301 East Stroudsburg (Weis In-Store)
695 North Courtland Street East Stroudsburg, PA 18301 Marshalls Creek 5120 Milford Road East Stroudsburg, PA 18302 Mount Pocono (Weis In-Store) 3236 Route 940 Mount Pocono, PA 18344 Mountainhome 975 Route 390 Cresco, PA 18326 Stroud Township (Weis In-Store)
1070 North Ninth Street Stroudsburg, PA 18360 Stroudsburg 744 Main Street Stroudsburg, PA 18360 Tannersville 2826 Route 611 Tannersville, PA 18372 Tannersville (Weis In-Store) 2836 Route 611 Tannersville, PA 18372 LEHIGH VALLEY Alburtis
11 North Main Street Alburtis, PA 18011
Allentown
471 West Wabash Street Allentown, PA 18103
Allentown (Weis In-Store)
1500 North Cedar Crest Blvd. Allentown, PA 18104
Bath
358 South Walnut Street Bath, PA 18014
Bethlehem
418 West Broad Street Bethlehem, PA 18018
Nazareth
14 South Main Street Nazareth, PA 18064 New Tripoli 6302 Route 309 New Tripoli, PA 18066 Palmer 2415 Park Avenue Easton, PA 18045 Schnecksville (Weis In-Store) 5020 Route 873 Schnecksville, PA 18078 Wind Gap 1430 Jacobsburg Road Wind Gap, PA 18091 PHILADELPHIA REGION Devon
410 West Lancaster Avenue Devon, PA 19333
Haverford
354 West Lancaster Avenue Haverford, PA 19041
Lansdowne
48 West Marshall Road Lansdowne, PA 19050
Upper Darby
8045 West Chester Pike Upper Darby, PA 19082
West Chester
1304 Wilmington Pike West Chester, PA 19382
SCRANTON / WILKES-BARRE AREA Scranton 300 Mulberry Street Scranton, PA 18503 Wilkes-Barre 1065 Highway 315 Wilkes-Barre, PA 18702
