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For information on the following conveniences please
contact us at
(800) 788-9479 or (307) 324-1100
ATM Cards
Debit Cards
Automatic Loan Payments
Safety Deposit Boxes
Wire Transfers
Cash Advances
Cashier Checks
Traveler Cheques
Money Orders
ACH Origination
For Personal Checking Accounts
Rather than automatically returning
your checks unpaid when you make a mistake or write a check for more
money than you have in your checking account, as another convenient
Rawlins National Bank customer courtesy,
we will consider payment of your reasonable overdrafts
*Overdrafts Normally Covered
Up To
$600
($300 on Free Checking accounts)
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Most people who receive Social Security do not get a check. They use Direct Deposit and you should consider using it too.
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With Direct Deposit, your Social Security or Supplemental Security
Income payments are sent directly to your bank account. Payments are
sent electronically, which eliminates the need to print and mail
checks. Your money is in your account and available to you at the
opening of business on the payment date.
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Just contact your financial institution or Social Security. Please be
sure to have your bank statement or personal check handy, as well as
your Social Security number. Your bank or Social Security representative
will need information from these documents to start you on Direct
Deposit.
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Within 30 to 60 days, your payments will start going directly into
your account. We will send you a letter to tell you when your Direct
Deposit payments will begin. It is that easy!
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Social Security makes its payments by Direct Deposit because they want
you to have your money safely and on time. We have been making payments
by Direct Deposit since 1976, and these years of experience have shown
that payments by Direct Deposit are much safer and more reliable than
payments by check.
In addition, Direct Deposit saves Social Security money because there
are virtually no lost, stolen, or misplaced payments to track down and
replace. And, it saves 40 cents in printing and mailing costs every time
a payment goes by Direct Deposit instead of by check. This money remains
in the Social Security Trust Fund and is available for future
payments.
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If you do not have a bank account, you might want to consider opening
one now, so that you do not miss out on the advantages of Direct
Deposit.
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May give you free checking or savings account when you use Direct
Deposit. Some may pay you interest on your account. Be sure to compare
the services in your area. Today, Direct Deposit is the way Social
Security makes payments to people with bank accounts. The Government's
goal is to make most payments by Direct Deposit or other electronic
methods.
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It is still important to notify your local Social Security Office of
an address change so that you will receive important information about
your payments. Your benefits could be stopped temporarily if Social
Security cannot locate you because you have not reported a change of
address.
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You've automated your systems, updated your product, and
calculated your profit ... But you don't offer Direct Deposit?
Businesses both large and small face the toughest market in history. If
a business is to survive, it must be competitive. This means a more
creative and efficient approach. It means making the most of valuable
resources--your employees and your profits. Direct Deposit can help you
maximize both. Direct Deposit is a unique employee benefit that offers
convenience, reliability and security while saving you money.
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Simple. Direct Deposit- is a more efficient and cost
effective' method of distributing your payroll. Estimates show that
businesses utilizing Direct Deposit can cut their payroll production and
distribution costs by as much as 50 percent depending on the level of
participation. These estimates do not even account for the productivity
savings by keeping employees in the office and limiting unnecessary
trips to their financial institutions.
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Direct Deposit allows you to deposit your employees'
pay automatically into their accounts via the Automated Clearing House
(ACH) network. Employees complete a form authorizing you to make payroll
deposits into their checking or savings accounts. At the end of the pay
period, the necessary payroll information is transferred electronically
(by phone, computer or magnetic tape) to your financial institution
which pulls the records for its accounts and forwards the remainder of
the transactions to the ACH network. The ACH sorts the records and
distributes them to the appropriate financial institutions. Your
employees' accounts are credited with their payroll amounts on payday.
Because this process is completed electronically, it is less expensive
than traditional payroll processing.
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Direct Deposit is more reliable than traditional
payroll methods. Paychecks issued to employees can be lost or stolen
creating stop payment and account reconcilement problems for you. With
Direct Deposit, these problems are eliminated.
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You may, but the money saved by streamlining your
administrative process, eliminating the burden of tracing lost and
stolen checks and keeping your employees in the office will compensate
for any loss of float.
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Absolutely. A large percentage of businesses already
offer this benefit to their employees. Studies have shown that Direct
Deposit is widely accepted by employees. In fact, some employers report
participation rates as high as 80 percent.
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Conversion expenses have to be estimated on a case by
case basis. We can work with your payroll department to determine the
cost. Again, conversion costs will be quickly compensated for by the
money you will save.
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Simply call us at:
- Rawlins Main Branch (800) 788-9479 or (307) 324-1100
- Rawlins East Branch (307) 321-1180
- Saratoga Branch (866) 423-2121 or (307)
326-8314
- Hanna Branch (307) 325-9007
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U.S. SAVINGS BONDS: Invest Today Enjoy Tomorrow!
Ever wonder why U.S. Savings Bonds stay so popular in
America's ever changing financial landscape? The answer's
easy...Series EE savings bonds are safe, low-risk savings
products that pay interest based on current market rates for up to
30 years. And, buying bonds regularly is one of the easiest ways to
invest today so you can enjoy tomorrow!
All of us need to ask ourselves the question...am I saving
enough money today to reach the goals I have in life? If
you are like many Americans, the answer probably is, "I'm saving
some, but really not enough." Our savings goals are as diverse as
our great nation: retirement, investing in our children's'
education, a down payment on a first home or just having a ready
reserve for those surprises in life.
Whatever your
goal, one thing is certain, Series EE bonds are a great way to
invest today to enjoy your tomorrows. All you need do is make the
decision to buy bonds regularly.
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Bonds
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Safety: Savings bonds are a unique security as safe and secure as the U.S.
Treasury. You never have to worry about the safety of your
investment. You are paid the principal and interest due to you when you
cash your bond. Your bonds can be replaced if lost, stolen or
destroyed.
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Ease of
Purchase: It's hard to find an easier, more affordable way to invest. All you
need to do is decide how often to buy a bond. Bonds cost as little
as $25 for a $50 bond. Your bonds are sent directly to you or the
bond owner you choose.
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Tax Advantages: The difference between the purchase price and the redemption value
of a Series EE bond is interest. It is subject to Federal income
tax, but not State or local income taxes. You can generally elect to
pay Federal income tax on interest annually as it accrues or defer
Federal income tax until you redeem the bonds or they stop earning
interest after 30 years. This means you can plan ahead and choose
when might be the best time to realize income for tax purposes. If
you exchange eligible bonds or savings notes for Series HH bonds
within one year after they reach final maturity, you can defer taxes
on the accrued interest for an additional 20 years, the life of HH
bonds, or until you cash them. And, since your interest isn't taxed
until you redeem a bond, your savings grow faster because interest
compounds on the full value of the bond before taxes
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Financing
Education: Savings bonds can help you save for education. Lower and middle
income investors may be eligible for special tax benefits. If you
qualify, you can exclude all or part of the interest earned on
Series EE bonds from income when you cash the bonds to pay for
post-secondary tuition and fees.
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Retirement: Savings bonds can be an excellent way to help build savings for
retirement. The combination of a thirty year interest earning life
and the other features of bonds make them attractive to many
investors.
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Improved
Market-Based Rates:
Series EE bonds
now earn 90% of the average yield on 5-year Treasury securities.
Bonds increase in value every month. The rate changes every six
months.., so your investment always tracks Treasury market yields.
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Bonds
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Liquidity: You can cash Series EE bonds any time after six months. Most investors plan to hold bonds for longer term goals yet they know they can get their money with interest if they need it. There is a 3-month interest penalty if you redeem your bonds before five years.
Find out more about the features that appeal to you by reading this brochure. We want you to know how Series EE bonds work so you can decide how bonds can fit into your plans. An informed investor is our best customer.
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A limit of $15,000 purchase price, per person, per calendar year,
applies to EE bonds. In the case of co-ownership bonds, you can
attribute the value of the bonds to either co-owner in any
proportion but no more than $15,000 can be attributed annually to
any co-owner. A beneficiary listed
on a bond does not increase the purchase limit for the owner.
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The names on a savings bond, its registration,
establish the legal right to bond ownership. You can register your bonds
in the names of individuals in one of three ways: single ownership,
co-ownership, or beneficiary form.
You can name up to two individuals as co-owners or as owner and
beneficiary on a bond. You can buy bonds in the names of public or
private organizations as single owners only, except that you can
designate the U.S. Treasury as co-owner or beneficiary.
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Registration Options:
The owner or first-named co-owner in whose name
you buy the bond must be a resident of the United States, its
territories and possessions, or the Commonwealth of Puerto Rico or a
U.S. citizen residing abroad. You can also buy bonds through a payroll
savings plan if you are a civilian employee of the United States or
member of its armed forces who has a Social Security Number or Tax
Identification Number, or a resident of Canada or Mexico who works in
the United States and has a Social Security Number. You can name a minor
as owner, co-owner, or beneficiary.
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Changing Bond Registration:
Savings bonds are not transferable and can be
reissued to change ownership only under limited circumstances. For
example, if one co-owner dies, the other can name a new co-owner or
beneficiary. Also a single owner can add a co-owner or a beneficiary.
- An owner (or person entitled to act on behalf of
the owner) can apply for reissue using forms available through agents or
Federal Reserve Banks. Some reissues can result in immediate taxable
consequences. It is important to understand tax consequences of such a
change in ownership before requesting reissue.
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Series EE bonds cost half their face amount, and
the market-based interest rates they earn determine when they reach face
value. For example, a bond earning an average of 5% would reach face
value in 14 1/2 years, while a bond earning an average of 6% would reach
face value in 12 years. If the market-based rates are not sufficient for
a bond to reach face value at 17 years Treasury will make a one-time
adjustment to increase the redemption value to face value at that time.
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You can buy Series EE bonds through any financial institution qualified as a
savings bond issuing agent. The agent accepts the payment and the
purchase order for the bonds and forwards orders to a Federal
Reserve Bank, which inscribes and mails the bonds. Bonds are
delivered within 15 business days. After normal business hours,
agents may date transactions as of the next business day. This could
change the issue date on bonds purchased at the end of the month.
Savings bonds
can also be purchased through employer sponsored payroll savings
plans or you may purchase EE Bonds via
Treasury Direct.
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When you buy
savings bonds as gifts, be sure to have the correct Social Security
Number and spelling of the recipient's name. If you don't know the
owner's Social Security Number, use your own number. The Social
Security Number is used only for record keeping purposes. When the
bond is cashed, the paying agent must get the payee's number and use
it for
tax reporting purposes.
You can use the "(Care of:" or "Mail to:" section on the bond purchase order if you
wish to receive the gift bond so that you can present it yourself.
When buying a bond as a gift, ask for a free gift certificate.
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The education bond program is aimed at helping
lower and middle income Americans pay for post-secondary education.
If all conditions are met, interest on Series EE bonds you purchase
on or after January 1, 1990, is eligible for a special Federal
income tax exclusion when you use the
Get IRS Publication 550, "Investment Income and
Expenses"; Form 8815, Exclusion of Interest From Series EE U.S.
Savings Bonds Issued After 1989; and IRS Form 8818, Optional Form to
Record Redemption of Series EE U.S. Savings Bonds Issued After 1989,
for detailed information about the rules. These materials, and
information on income eligibility, are available from Internal
Revenue Service District Offices.
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Here's another
way to use savings bonds to save for children's education expenses.
Buy the bonds in the child's name alone or with a beneficiary (not
co-owner). Interest income can be included in income by the child
each year as it accrues or deferred until the bonds are redeemed. In
either case, the child will be subject to any Federal income tax on
the interest.
Get IRS
Publication 929, "Tax Rules for Children and Dependents," for
details on this approach before you invest.
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Notice: August 2004 was the last issue month for HH/H
Bonds.
This means you will are no longer be able to reinvest
your HH/H
or exchange your EE/E bonds for HH Bonds.
I Bonds are a low-risk, liquid savings product. While you own them they
earn interest and protect you from inflation. You may purchase I Bonds
via Treasury Direct,
at most local financial institutions or through payroll deduction..
Use I Bonds to:
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Finance Education
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Supplement Retirement Income
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Give as a Gift
Rates & Terms:
-
I Bonds earn a guaranteed real rate of return. They are an accrual-type security. Interest is added to the bond monthly and is paid when you cash the bond
- I Bonds are sold at face value; i.e., you pay $50 for a $50 bond
Redemption Information:
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Minimum term of ownership:1 year
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Interest-earning period: 30 years
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Early redemption penalties
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Before 5 years, forfeit 3 most recent month's interest
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After 5 years, no penalty
Tax Considerations:
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Interest earnings are exempt from State and local income taxes, but are subject to State and local estate, inheritance, gift, and other excise taxes
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Interest earnings are subject to Federal income tax
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Interest earnings may be excluded from Federal income tax when used to finance education (see education tax exclusions)
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Savings Bonds
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Bonds that are lost, stolen, mutilated, or destroyed can be replaced
free of charge as long as the Bureau of the Public Debt can
establish that the bonds are either still outstanding or have been
erroneously paid.
To assure that bonds can be identified, keep records of your bond
serial numbers, issue dates (month and year found in the upper right
hand corner of a bond), registration (names and addresses), and the
Social Security or Taxpayer Identification numbers in a safe place
separate from the bonds. The Savings Bond Wizard makes this easy to
do. Bond owners must apply for replacement to the Bureau of the
Public Debt, Parkersburg, West Virginia 26106-1328. Many banks stock
the replacement application form, PD F 1048
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Public Debt's Internet Address is: https.//www.savingsbonds.gov
You'll find just about all you'll ever need to know about savings
bonds. You can e-mail us with questions and even order forms and
publications at our site.
These materials are available from the Bureau
of the Public Debt, Savings Bond Operations Office, Parkersburg, WV
26106-1328.
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Tables of Redemption Values -- PI:) F
3600
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Comparison of Redemption Values As of
December 31 PD F 3501 (Available in November)
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Semiannual Interest Rate Release
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Savings Bonds Earnings Report
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Regulations
governing the terms and conditions of savings bonds are available
on-line or from the Bureau of the Public Debt.
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Public Debt
Series 1-80 (Series EE Bonds Offering: 31 CFR Part 351)
Public Debt Series 2-80 (Series HH Bonds Offering: 31 CFR Part 352)
Public Debt Series 3-80 (Governing Regulations of EE/HH Bonds: 31
CFR Part 353)
For current recorded rate information, call 1-800-4US-BOND (1-800-487-2663).
Department of the Treasury
Bureau of the Public Debt
Washington, DC 20239-0001
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Many companies and charitable / nonprofit organizations have begun to
offer their customers and donors a new automated payment option called
Direct Payment.
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Direct payment is an efficient electronic payment
alternative to paper checks. When you use direct payment, you authorize
a company to electronically collect a pre-authorized amount from your
checking or savings account to pay a bill or donation/pledge. So
instead of writing a check every month, your bank will automatically
make the payment on a predetermined date for you. It's that simple.
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Consumers and companies both benefit from direct
deposit. As a consumer, you'll save time preparing payments, save money
on postage and check fees, improve your budgeting, eliminate the chance
of a late payment and save time balancing your bank statement.
Companies benefit by processing payments more efficiently and crediting
them to your account quicker. In some cases, companies can even reduce
their operating costs.
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It's easy. If a company offers you a direct payment
option, all you need to do is provide them with a written authorization
to collect money from your account to cover the cost of the payment.
You may also be asked to provide a voided check from your bank account. Many companies will provide you with an authorization form for you to
sign and return.
TIP: Keep a copy of the written authorization for
your records.
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On the predetermined due date, the companies bank will
instruct your bank to deduct the amount from your account. Your bank
then withdraws that amount and forwards it electronically to the
companies bank for credit to their account.
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The payment will be shown on your monthly account
statement from the bank. The statement will indicate the payment date
and amount, and the company that received the payment.
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If the payment varies or changes, the company or your
bank must mail you, at least 10 days before the scheduled payment date,
a written notice of the new amount and the date of payment.
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Yes - Simply notify your bank, either orally or in
writing, up to three business days before the scheduled payment date.
If you call your bank, you may also be required to provide a written
request within 14 days. Some banks may charge a fee for each
stop-payment. As a courtesy, you may also want to inform the company
you are stopping payment.
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Contact the company immediately. If the company
verifies the amount, and you still feel it is incorrect, call the bank
to stop the payment before it is posted to your account.
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Notify your bank immediately. You have up to 60 days
from your account statement date to notify your bank in person, by
telephone or in writing of an unauthorized payment or an incorrect
payment amount. If you notify your bank in person or by telephone, you
may also be required to provide a written confirmation within 10 days.
If you notify your bank within the 60 day time period, you should
receive credit for any unauthorized or incorrect payments. If the bank
needs more than 10 business days to investigate and resolve the matter,
it must return the amount in question to your account during the
investigation.
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Direct Payments
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You must send a written request to the company if you no
longer want to pay your bill/donation with direct payment.
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No - The only information available to the company is on
the authorization form you signed to begin direct payment. Companies do
not have access to your account balance or any other information about
you maintained by the bank.
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The above questions and answers are
based on the Federal Reserve Bank's Regulation E, which governs
electronic fund transfers. Some transactions, including wire transfers
and the sale and purchase of securities and commodities, are not
governed by Regulation E.
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