European Stars and Stripes (Newspaper) - December 7, 1993, Darmstadt, Hesse                                The stars and stripes tuesday december 7,1993 2 Community Bank news you can use make your atm card like a plastic Check Point of Sale has finally arrived. You be probably seen it in the states and now you can use it in the Ramstein Heidelberg Lakenheath and Mildenhall areas. Point of Sale is new technology that lets you use your atm card like a Check. When you come to the cashier at participating commissaries class vis and the like you now have the option to swipe your card through a Small terminal that can Access your account. Once you a swipe Quot your card through you la be asked to input your personal identification number and the Purchase amount. The cashier will verify this amount on the other Side of the terminal. If sufficient funds Are in your checking or now account the transaction will take place a a almost exactly like withdrawing funds from an atm. Actually pos relies on technology similar to arms. The transaction will pass through the armed forces financial net a Cark Afan and be processed Back at merchants. The funds Are transferred immediately. Afan has sponsored pos As a Pilot program and it Hasni to announced plans of expanding the program. See pos locations listed below. Heidelberg commissary main Exchange. Class i sight amp sound video four seasons sporting goods. Ramstein main Exchange class i shop Pette commissary four Comers service station. A Lakenheath main Exchange sewing Center service station. Mass clothing store commissary. A Mildenhall four seasons service station. Source Afan directory june 1,1993 stay tuned to a Community Bank news you can use a and your local Branch for More information. Practice makes perfect is it time to teach your child the benefits of saving if so merchants can help. Your Community Bank offers several special savings accounts for children aged 17 and below. Your child will earn the same rate As our other savings accounts. But the Best feature is the account is free. Any child 10 years and older with an id card can open a a single minor  an initial Supply of withdrawal and Deposit slips Are provided and the child with receive an atm  a if you want to be a part of the child s account or he or she does t have an id card yet open a a joint minor account a either or both parents can be signers on the account. With these options you can teach your child the benefits of savings while you both watch the funds grow. See your Community Bank customer service representative today for More  banking More than a Promise merchants Community Bank. A a a 1. Whert  to comparing interest rates sometimes it seems like you re comparing apples to oranges. That a Why the us Congress passed regulation do truth in savings Tisa. The new Law designed to help you compare accounts offered by Banks and other financial institutions went into effect october 1, 1993 at merchants National Bank. Tisa affects All Consumers who have Deposit accounts with any financial institution such As personal checking now and savings accounts and certificates of Deposit. If you have an account with merchants you be probably noticed differences on your monthly and quarterly statements the annual percentage yield apy has been included and descriptions of any fees associated with your accounts Are More detailed and easier to understand. Tisa ensures All financial institutions use a Standard formula for calculating apy on accounts that earn interest. Apy is the rate you will earn when interest is compounded a for example daily monthly or quarterly. The higher the rate and More often the interest is compounded the higher the annual percentage yield. Banks and other financial institutions now must provide you with Complete account information including interest rate information minimum balance requirements fees and other terms for accounts currently offered. You must also receive this information in writing before you open your account or at the time of your request. In addition. Merchants and other financial institutions must follow new advertising guidelines and you la receive 30 Days Advance notice of any changes in accounts such As new terms or a change in balance requirements. The following q amp a answers common questions you May have. If you have any additional questions or would like specific information about your accounts ask your Community banker. Well be Happy to help. Q who is affected by the Law a Tisa effects All Consumers who have Deposit accounts a that is people with personal checking now or savings accounts or certificates of Deposit. A. ? a q what is the annual percentage yield apy ? a along with the interest rate which is the annual rate of interest that will be paid on an account the annual percentage yield apy must also be disclosed. Apy is a percentage rate reflecting the total amount of interest paid on an account based on the interest rate and the frequency of compounding for a 363-Day period. It assumes the principal plus interest Wilt remain on Deposit for the entire year. Annual percentage yield earned is based on the amount of interest actually earned during the accounts statement period. This percentage figure can vary monthly due to a withdrawal of Pari or All of the interest. The actual amount of interest paid can be seen on a statement As a interest  a interest earned this period is the sum of the daily interest accruals for the statement Perio. This figure can vary from a interest paid because interest payment dates May be different than the actual statement dates. Q does that mean Ait Banks will pay the same interest a no but it does mean that when you compare interest rates and pays for similar accounts at different Banks you will be comparing a apples to apples since most Banks must now use a Standard formula to calculate apy. Q How is interest calculated far savings and now accounts at the Community Bank a interest is calculated for now accounts using the daily balance and credited at the time the monthly statement is produced. Interest on savings accounts is calculated using the daily balance and credited at the time the quarterly statement is produced. A what does Quality banking service mean to you it,000 Savin Sbona. We All want to Bank where we re treated our efforts can become greatly enhanced right where the products and services through your participation. We want to meet our needs where the service is top know what you think and How you feel notch. That a Why merchants Community this is your Chance to have a say in How Bank has initiated a Quality program to banking services Are provided manage service delivery the Way take a few moments to answer the customers want it. Question on the Coupon and drop your we re looking at what we do and How response in your local Community Bank a we do it. We re examining processes and Quick Deposit Box. When you return the procedures and we re asking ourselves Coupon you la have a Chance to win a a How can we be  change wont $1,000.00 savings Bond Courtesy of take a moment to of Down your answer and drop the completed Coupon off at your local Community Bank that will enter you into a special drawing to win a $1,000 . Savings Bond. Anyone can enter so fill this out today i name i address i happen overnight but we re beginning with training programs and process improvements. Employees Are identifying ways to improve our service to better meet your  a i merchants National Bank. I i anyone can enter so fill out the Coupon a a Ftfe fee a a a today. Deadline for entries is december j phone dorms Cokum m Voua Ioco i 31, 1993. Prize w ill he awarded i commow task Quat stros Bax i january 1994