Convenient Checking Account 

A checking account that makes life easier.
  • No monthly service fee or minimum balance requirement.
  • STC CheckCard (Debit Card) at no cost, available at certain locations immediately upon account opening.
  • Free transactions with your STC CheckCard at over 75+ Somerset Trust ATM's. See locations near you.
  • Access to award winning online and mobile banking, STC Anywhere.
  • eStatements - Go paperless and receive basic checks at no cost. With paper statements, only first order of basic checks is at no cost.
  • Unlimited check writing
  • Overdraft Protection Available

Horizon 50 

Special benefits and services designed exclusively for those age 50 and over.
  • No monthly service fee or minimum balance requirement.
  • STC CheckCard (Debit Card) at no cost, available at certain locations immediately upon account opening.
  • Free transactions with your STC CheckCard at over 75+ Somerset Trust ATM's. See locations near you.
  • Basic checks at no cost.
  • No fee for stop payments or money orders.
  • No fee for a small Somerset Trust safe deposit box, where available
  • Access to award winning online and mobile banking, STC Anywhere.
  • Overdraft Protection Available
  • AARP Drivers Safety Program
  • Fraud seminars
  • Senior Customer appreciation events

Student Advantage Checking 

Convenient checking for individuals in school.
  • No monthly service fee or minimum balance requirement.
  • STC CheckCard (Debit Card) at no cost, available at certain locations immediately upon account opening.
  • Free transactions with your STC CheckCard at over 75+ Somerset Trust ATM's. See locations near you.
  • Access to award winning online and mobile banking, STC Anywhere.
  • No fee for money orders
  • eStatements - Go paperless and receive basic checks at no cost. With paper statements, only first order of basic checks is at no cost.
  • Unlimited check writing
  • Overdraft Protection available

Personal Plus Checking Account 

A tiered interest rate structure lets you earn more depending on the balance in your account
  • STC CheckCard (Debit Card) at no cost, available at certain locations immediately upon account opening.
  • Free transactions with your STC CheckCard at over 75+ Somerset Trust ATM's. See locations near you.
  • Access to award winning online and mobile banking, STC Anywhere.
  • First Order of basic checks at no cost.
  • Unlimited check writing with check images are returned with your monthly statement.
  • Free use of Somerset Trust ATM's when you use your STC CheckCard
  • Go paperless with eStatements.
  • Overdraft Protection available.

It is the policy of Somerset Trust Company (“the Bank, we, us, or our”) to comply with applicable laws and regulations, and to conduct business in accordance with applicable safety and soundness standards.
 
A non-sufficient funds (negative) balance may result from:   A) The payment of checks, electronic funds transfer, or other withdrawal requests;   B) Payments authorized by you;   C) The return, unpaid, of items deposited by you;   D) The imposition of applicable services charges;   or E) The deposit of items which according to the Bank’s Funds Availability Policy, are treated as not yet “available” or finally paid.
 
We are not obligated to pay any item presented for payment if your account does not contain sufficient collected funds. Rather than automatically returning, unpaid, any insufficient fund items that you may have, if your eligible account (primarily used for personal and household purposes) has been open for at least thirty (30) days and thereafter you maintain your account in good standing, which includes at least:  (A) Continuing to make deposits consistent with your past practices, and depositing at least $700 or $1000 (depending on account type) or more in your account within the first thirty (30) day period,  (B) You are not in default on any loan obligation to the Bank,  (C) You bring your account to a positive balance (not overdrawn) at least once every thirty (30) days, and (D) Your account is not the subject of any legal or administrative order or levy, we will consider, without obligation on our part, approving your reasonable overdrafts. This discretionary *service will generally be limited to $700 overdraft (negative) balance for eligible Convenient Checking accounts, personal Regular Checking accounts or a $1,000 overdraft (negative) balance for eligible Personal Interest Checking accounts, Personal Plus Interest Checking accounts or Horizon 50 accounts. Of course, any and all fees and charges, including without limitation our unavailable funds fee of $35 per item ($210 daily limit) or our insufficient funds (overdraft) fees of $35 per item ($210 daily limit) will be included in this limit and will apply to any transaction that overdraws your account including, but not limited to, payments authorized by Checks, ACH (Electronic Items) or other electronic funds transfers and other withdrawal requests. (You could have multiple fees in one day if you have more than one item or transfer that overdraws your account).
  
How We Post Items To Your Account: We post electronic cash items paid to you or electronic transfer or bill payment items or recurring auto debits to your account to make loan or other payments you have initiated. We post these in the order in which they occur. “Generally, we will post your (check) transactions in the order of your lowest numbered check to your highest numbered check” (commonly referred to as “Ascending Check Number Order” or “Sequence Number Order” or “ Sequential Order” or “ The Order in Which You Wrote Them”).
 
“ALTERNATIVE/OPTIONAL OVERDRAFT PROTECTION SERVICES-HOW WE WILL PROCESS INSUFFICIENT FUNDS (“NSF”):” We offer additional overdraft protection services that you may apply for. The services include Easy Access Accounts and Overdraft Protection Savings Accounts. If you apply and are qualified for the optional services, you may save money on the total fees you pay for Overdraft Protection Services. If you have an established overdraft protection Easy Access Account or Overdraft Protection Savings Account, and you have available funds in your Easy Access Account or Overdraft Protection Savings Account, we will authorize/pay your NSF items first against your available overdraft protection Easy Access Account or Overdraft Protection Savings Account. The terms and conditions, and fees you will pay, for using your overdraft protection Easy Access Account or Overdraft Protection Savings Account are described in your overdraft protection Easy Access Account and Overdraft Protection Savings Account Agreement.
 
Therefore the general order, or sequence, of our OVERDRAFT PROTECTION SERVICES is to authorize/pay any NSF items you may have first against your Easy Access Account or Overdraft Protection Savings Account and second to consider payment of these items as a purely discretionary “courtesy” or “privilege”. Generally, if you have an established and available Easy Access Account or Overdraft Protection Savings Account arrangement with us, these optional overdraft protection services may save you money in the total fees you pay us for overdraft protection services.
 
We may refuse to pay an overdraft for you at any time, even though your account is in good standing and even though we may have previously paid overdrafts for you. You will be notified by mail of any insufficient funds items paid or returned that you may have; however, we have no obligation to notify you before we pay or return any items. The amount of any overdrafts plus our Unavailable Funds and/or Insufficient Funds (Overdraft) Fee(s) that you owe us shall be due and payable upon demand. If there is an overdraft paid by us on an account with more than one (1) owner on the signature card, each owner, and agent if applicable, drawing/presenting the item creating the overdraft, shall be jointly and severally liable for such overdraft plus our Unavailable Funds and/or Insufficient Funds (Overdraft) Fee(s).
  • Ineligible Accounts and Limitations. Available only for eligible checking/draft account that are maintained in good standing as defined above. Savings Type Accounts, Money Market Accounts, Public Fund/Charitable Organization Accounts, Certain Trust Accounts, Student Minor Accounts, and Other Minor Accounts (not of legal age) are not eligible for this service. We may, in our sole option and discretion, limit the number of your accounts eligible for the Overdraft Protection Service to one account per household and/or one account per taxpayer identification number.
  • Eligible Account Types: The account types that are eligible for the Overdraft Protection Service are: Personal/Regular Checking; Convenient Checking; Horizon 50; Personal Interest Checking; Personal Plus Interest Checking; and Student Advantage Checking.
  • Eligible Transaction Types: Each NSF transaction initiated for payment against your checking account(s) may be approved/paid by us against and up to your assigned Overdraft Protection Service Limit, including our fees. The eligible transaction types will include, without limitation; Checks, ACH (Electronic Items) or other electronic funds transfers, and other withdrawal requests.   
  • You May Always Opt-Out: You may choose at any time to not participate in the Overdraft Protection Service by notifying one of our Customer Service Representatives who will explain what this (“Opt Out”) means, and the potential consequences, for you.
  • If You Need Help: Of course, overdrafts should not be used to pay ordinary or routine expenses and you should not rely on overdrafts as a means to cover these expenses. If at any time you feel you need help with your financial obligations please contact one of our Customer Service Representatives at (814) 443-9200 in Somerset, (814) 262-4800 in Johnstown or toll free 1-800-972-1651.
  • *Optional Overdraft Service does not constitute an actual or implied agreement between you and the Bank. Nor does it constitute an actual or implied obligation of or by the Bank. This service represents a purely discretionary courtesy or privilege that the Bank may provide to you from time to time and which may be withdrawn or withheld by us at any time without prior notice or reason or cause.

Click Here for Terms and Conditions info.

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Privacy Disclosure

Rev. 4/2016
FACTS

WHAT DOES SOMERSET TRUST COMPANY DO WITH YOUR PERSONAL 
INFORMATION?

Why? Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.
What?
 
 
The types of personal information we collect and share depend on the product or service you have with us. This information can include:
  • Social Security number
  • Account balances
  • Payment history
  • Account transactions
  • Checking account information
  • Wire transfer instructions
When you are no longer our customer, we continue to share your information as described in this notice.
How? All financial companies need to share customers' personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers' personal information; the reasons Somerset Trust Company chooses to share; and whether you can limit this sharing.
  
Reasons we can share your personal information Does Somerset Trust Company share? Can you limit this sharing?
For our everyday business purposes - such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus  Yes  No
For our marketing purposes - to offer our products and services to you  Yes  No
For joint marketing with other financial companies  Yes  No
For our affiliates' everyday business purposes - information about your transactions and experiences  No  We don't share
For our affiliates' everyday business purposes - information about your creditworthiness  No  We don't share
For nonaffiliates to market to you  No  We don't share
Questions? Call 814-443-9200 or Toll-free at (800) 972-1651 or go to www.somersettrust.com
 
What We Do
How does Somerset Trust Company protect my personal information? To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. We also maintain other physical, electronic and procedural safeguards to protect this information and we limit access to information to those employees for whom access is appropriate.
How does Somerset Trust Company collect my personal information? We collect your personal information, for example, when you
  • Open an account
  • Apply for a loan
  • Give us your income information
  • Make a wire transfer
  • Show your government-issued ID
We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.
Why can't I limit all sharing?

Federal law gives you the right to limit only

  • sharing for affiliates' everyday business purposes - information about your creditworthiness
  • affiliates from using your information to market to you
  • sharing for nonaffiliates to market to you

State laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law.

Definitions
Affiliates

Companies related by common ownership or control. They can be financial and non-financial companies.

  • Somerset Trust Company has no affiliates.
Nonaffiliates

Companies not related by common ownership or control. They can be financial and non-financial companies.

  • Somerset Trust Company does not share with nonaffiliates so they can market to you.
Joint Marketing

A formal agreement between nonaffiliated financial companies that together market financial products or services to you.

  • Our joint marketing partners include Investment Company
Other Important Information

For Alaska, Illinois, Maryland and North Dakota Customers. We will not share personal information with nonaffiliates either for them to market to you or for joint marketing - without your authorization.
For California Customers. We will not share personal information with nonaffiliates either for them to market to you or for joint marketing - without your authorization. We will also limit our sharing of personal information about you with our affiliates to comply with all California privacy laws that apply to us.
For Massachusetts, Mississippi and New Jersey Customers. We will not share personal information from deposit or share relationship with nonaffiliates either for them to market to you or for joint marketing. - without your authorization.
For Vermont Members/Customers. We will not disclose information about your creditworthiness to our affiliates and will not disclose your personal information, financial information, credit report, or health information or nonaffiliated third parties to market to you, other than as permitted by Vermont law, unless you authorize us to make those disclosures.

Additional information concerning our privacy policies can be found at www.somersettrust.com or call 814-443-9200 or Toll-free at (800) 972-1651.

  

Privacy Model Disclosure
VMP® Bankers Systems™
Wolters Kluwer Financial Services © 2010

   PRIV-MODEL 8/1/2010
   2016.3/2134   200303549 Custom