a. Minimum funding deposit: The Premier e-Checking account must be funded within 30 days of application approval with a single opening deposit of $2,500 or more.
Note: Funding deposits received for an amount that is less than $2,500 are, at the discretion of the Bank, subject to return to the customer.
b. Monthly maintenance fees: The Premier e-Checking account has a $25 monthly maintenance fee, which is waived if you maintain a $2,500 average monthly balance in your Premier e-Checking account during the current statement cycle, or a $10,000 average combined balance in your owned East West Bank consumer accounts during the prior month.
c. Account closure rules: Premier e-Checking accounts that are not funded within 30 days, or that at any time have a $0 balance for 30 days or more, will be automatically closed.
d. Account re-opening rules: If your Premier e-Checking account is closed due to a $0 balance, your account can be automatically re-opened if you make a minimum funding deposit of $2,500 and pay a re-opening fee.
Re-Opened within 60 Days of Closure . . . . . . . . . . . . . . . . . . . . $50.00
Re-Opened more than 60 Days after Closure . . . . . . . . . . . . . $150.00
Note: Account re-opening requests are subject to Bank review and approval. The Bank is under no obligation to honor a re-opening request, and not all accounts will qualify for re-opening. A re-opening fee will be deducted from the account at the time it is funded, which may cause your balance to fall below the minimum needed to avoid the Monthly Account Maintenance fee.