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Welcome Metuchen Bank Clients Conversion Guide
Welcome Metuchen Bank Clients
Conversion Guide
Table Of ContentsLetter from the President 2
About Manasquan Bank 3
Branch Locations 6
Important Conversion Dates 8
Important Conversion Details 9
Conversion Chart 11
Fee Schedules 12
Dear Valued Client,
Expanded services and familiar faces.
Welcome to Metuchen Bank, a division of Manasquan Bank where you are already part of our family, now your family has just expanded. As a member of our organization, you should expect to experience superior client services and a robust banking platform. We are a full service banking company that is small enough to care, but large enough to matter, providing an expanded menu of services to focus on your banking needs. Our client and community centric mandate is at the very ethos of who we are.
Please be advised that Metuchen Bank’s core conversion to Manasquan Bank’s technology platform will take place during the weekend of May 17, 2019. This platform will include enhanced digital services such as Real-Time Alerts, Card Controls, and External Transfers, which will be accessed directly through the Online and Mobile channels. An expanded branch network will immediately provide an additional 10 locations to service all of your banking requirements, with another 3 locations being added during 2019!
We will endeavor to make the transition as seamless as possible; however, we will be closing our Main Street branch in Metuchen, early on Friday, May 17 at 3:00 pm to complete the system conversion. Our online, mobile services and telephone banking will not be available during that weekend as well as our ATMs at our Metuchen location. Upon beginning of business on Monday, May 20, the branch will reopen and the Metuchen Bank website will redirect you to the Manasquan Bank website.
Each of our colleagues is committed to make this transition as smooth as possible and address all your banking needs. Since 1874 and 1897, respectively Manasquan Bank and Metuchen Bank have been dedicated to helping our communities grow and thrive. We offer the traditional banking products such as residential mortgages, construction loans, business loans, and everyday banking like checking and savings accounts. As technology has evolved, so have our traditional banking capabilities and we take pride in providing you with the latest electronic, on-line and mobility banking solutions. Our friendly, knowledgeable staff is ready to help you attain your goals for personal finance, business management, loans, and more. Our main objective is and always has been to help our clients prosper.
We look forward to a long and enduring relationship and we are sure you know that “You’re in the right place” for all your Banking needs.
Thank you for your patronage and we look forward to continuing and enhancing the exemplary service to which you have become accustomed.
Sincerely,
James S. Vaccaro Chairman, President and CEO
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Table Of ContentsLetter from the President 2
About Manasquan Bank 3
Branch Locations 6
Important Conversion Dates 8
Important Conversion Details 9
Conversion Chart 11
Fee Schedules 12
Dear Valued Client,
Expanded services and familiar faces.
Welcome to Metuchen Bank, a division of Manasquan Bank where you are already part of our family, now your family has just expanded. As a member of our organization, you should expect to experience superior client services and a robust banking platform. We are a full service banking company that is small enough to care, but large enough to matter, providing an expanded menu of services to focus on your banking needs. Our client and community centric mandate is at the very ethos of who we are.
Please be advised that Metuchen Bank’s core conversion to Manasquan Bank’s technology platform will take place during the weekend of May 17, 2019. This platform will include enhanced digital services such as Real-Time Alerts, Card Controls, and External Transfers, which will be accessed directly through the Online and Mobile channels. An expanded branch network will immediately provide an additional 10 locations to service all of your banking requirements, with another 3 locations being added during 2019!
We will endeavor to make the transition as seamless as possible; however, we will be closing our Main Street branch in Metuchen, early on Friday, May 17 at 3:00 pm to complete the system conversion. Our online, mobile services and telephone banking will not be available during that weekend as well as our ATMs at our Metuchen location. Upon beginning of business on Monday, May 20, the branch will reopen and the Metuchen Bank website will redirect you to the Manasquan Bank website.
Each of our colleagues is committed to make this transition as smooth as possible and address all your banking needs. Since 1874 and 1897, respectively Manasquan Bank and Metuchen Bank have been dedicated to helping our communities grow and thrive. We offer the traditional banking products such as residential mortgages, construction loans, business loans, and everyday banking like checking and savings accounts. As technology has evolved, so have our traditional banking capabilities and we take pride in providing you with the latest electronic, on-line and mobility banking solutions. Our friendly, knowledgeable staff is ready to help you attain your goals for personal finance, business management, loans, and more. Our main objective is and always has been to help our clients prosper.
We look forward to a long and enduring relationship and we are sure you know that “You’re in the right place” for all your Banking needs.
Thank you for your patronage and we look forward to continuing and enhancing the exemplary service to which you have become accustomed.
Sincerely,
James S. Vaccaro Chairman, President and CEO
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About UsWho We AreManasquan Bank has been dedicated to helping our community grow and thrive since 1874 with mortgages, construction loans, business loans, and everyday banking like checking and savings accounts. As technology has evolved, so have traditional banking capabilities and we take pride in providing you with the latest banking solutions. Our friendly, knowledgeable staff is ready to help you attain your goals for personal finance, business management, loans, and more. Our main objective is and always has been to help our clients prosper.
Pillar Core ValuesEngagementEmpowerment of Manasquan Bank’s team to work in concert with partners in the community and internal fellow teammates to create an environment that fosters the provision of the best in class service.
QualityPosition Manasquan Bank for continuous improvement of the client experience, service delivery and efficiency.
InnovationEstablish Manasquan Bank as a Community Banking leader in identifying and implementing innovative and leading edge technology based solutions for an exceptional client experience.
Relevance and SustainabilityPosition Manasquan Bank to provide extraordinary service through multiple delivery channels with relevant and innovative products, while maintaining a superior financial position and delivering consistent, sustainable and improving financial results.
We Believe . In always being a client centric organization, recognizing that there are market choices and differentiation that occurs through product and service delivery.
. In meritocracy where our employees are a treasured resource. Employees are to be rewarded based on contribution to the organization’s health and well being as measured financially, socially, culturally and from a community-based perspective.
. It is imperative to continually strive towards being an essential player in the community- banking arena.
. Durability results from fostering long term banking relationships rather than conducting financial transactions.
. In community investment and support through its Foundation, volunteer activities and financial activities are all an integral part of the core of the enterprise.
. In order to deliver on each of our tenets in the belief statements we must promote careful, rational,
profitable, controlled strategic growth and financial discipline.
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About UsWho We AreManasquan Bank has been dedicated to helping our community grow and thrive since 1874 with mortgages, construction loans, business loans, and everyday banking like checking and savings accounts. As technology has evolved, so have traditional banking capabilities and we take pride in providing you with the latest banking solutions. Our friendly, knowledgeable staff is ready to help you attain your goals for personal finance, business management, loans, and more. Our main objective is and always has been to help our clients prosper.
Pillar Core ValuesEngagementEmpowerment of Manasquan Bank’s team to work in concert with partners in the community and internal fellow teammates to create an environment that fosters the provision of the best in class service.
QualityPosition Manasquan Bank for continuous improvement of the client experience, service delivery and efficiency.
InnovationEstablish Manasquan Bank as a Community Banking leader in identifying and implementing innovative and leading edge technology based solutions for an exceptional client experience.
Relevance and SustainabilityPosition Manasquan Bank to provide extraordinary service through multiple delivery channels with relevant and innovative products, while maintaining a superior financial position and delivering consistent, sustainable and improving financial results.
We Believe . In always being a client centric organization, recognizing that there are market choices and differentiation that occurs through product and service delivery.
. In meritocracy where our employees are a treasured resource. Employees are to be rewarded based on contribution to the organization’s health and well being as measured financially, socially, culturally and from a community-based perspective.
. It is imperative to continually strive towards being an essential player in the community- banking arena.
. Durability results from fostering long term banking relationships rather than conducting financial transactions.
. In community investment and support through its Foundation, volunteer activities and financial activities are all an integral part of the core of the enterprise.
. In order to deliver on each of our tenets in the belief statements we must promote careful, rational,
profitable, controlled strategic growth and financial discipline.
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Manasquan
Howell
Tuckerton
Shrewsbury
Metuchen
Manahawkin
Branch LocationsBay Head 85 Bridge Avenue Bay Head, NJ 08742(732) 899-2086
Brick24 Princeton AvenueBrick, NJ 08724(732) 840-2336
Howell1050 Route 9 SouthHowell, NJ 07731(732) 410-4221
Manasquan185 Main StreetManasquan, NJ 08736(732) 223-2882
Metuchen 442 Main StreetMetuchen, NJ 08840(732) 548-7400
Ocean1115 Route 35 NorthOcean, NJ 07712(732) 686-6240
Point Pleasant2307 Route 88Point Pleasant, NJ 08742(732) 295-0004
Ramtown167 Newtons Corner RoadHowell, NJ 07731(732) 206-0527
Spring Lake Heights305 Highway 71Spring Lake Heights, NJ 07762(732) 974-4050
Wall Township1410 Meetinghouse RoadWall, NJ 08736(732) 223-4150
Wall Township, HQ2221 Landmark PlaceWall, NJ 08736(732) 292-8400
Coming Soon:Shrewsbury541 Sycamore Ave, Shrewsbury, NJ 07702
Manahawkin525 Route 72 EManahawkin, NJ 08050
Tuckerton540 Route 9Tuckerton, NJ 08087
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Solutions CenterHours:Mon.-Thu.: 8:00am - 11:00pmFri.: 8:00am - 9:00pm Sat.: 9:00am - 5:30pm
1-844-626-2265
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Manasquan
Howell
Tuckerton
Shrewsbury
Metuchen
Manahawkin
Branch LocationsBay Head 85 Bridge Avenue Bay Head, NJ 08742(732) 899-2086
Brick24 Princeton AvenueBrick, NJ 08724(732) 840-2336
Howell1050 Route 9 SouthHowell, NJ 07731(732) 410-4221
Manasquan185 Main StreetManasquan, NJ 08736(732) 223-2882
Metuchen 442 Main StreetMetuchen, NJ 08840(732) 548-7400
Ocean1115 Route 35 NorthOcean, NJ 07712(732) 686-6240
Point Pleasant2307 Route 88Point Pleasant, NJ 08742(732) 295-0004
Ramtown167 Newtons Corner RoadHowell, NJ 07731(732) 206-0527
Spring Lake Heights305 Highway 71Spring Lake Heights, NJ 07762(732) 974-4050
Wall Township1410 Meetinghouse RoadWall, NJ 08736(732) 223-4150
Wall Township, HQ2221 Landmark PlaceWall, NJ 08736(732) 292-8400
Coming Soon:Shrewsbury541 Sycamore Ave, Shrewsbury, NJ 07702
Manahawkin525 Route 72 EManahawkin, NJ 08050
Tuckerton540 Route 9Tuckerton, NJ 08087
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Solutions CenterHours:Mon.-Thu.: 8:00am - 11:00pmFri.: 8:00am - 9:00pm Sat.: 9:00am - 5:30pm
1-844-626-2265
Important Conversion DatesFirst Week Of MayYour new Manasquan Bank MasterCard Debit and/or ATM card will be mailed. The new card can be activated upon receipt by calling 1-800-992-3808. Please continue to use your Metuchen Bank Visa Debit and/or ATM card until Monday, May 20th.
May 17th . Metuchen Bank’s 442 Main Street ATM will close at 2:00PM and the Branch will close at 3:00PM and will remain closed over the weekend. The 50 Pearl Street (Mortgage Division) ATM will permanently close at 2:00PM.
. Metuchen Bank’s Personal & Business Online Banking with Bill Pay and Mobile Banking will be permanently disabled at 5:00PM. Business Online Banking users will be contacted on the morning of May 20th with further instructions.
. Please make arrangements to schedule Bill Pay payments for a delivery date on or before May 17th. Your access to the Manasquan Bank’s Online Bill Pay system will become available on Monday, May 20th. All Bill Pay payee information will be transferred within Manasquan Bank’s Online Bill Pay and scheduled payments will resume.
. Metuchen Bank’s Visa Debit cards will remain active with reduced temporary limits beginning at 3:00PM. Purchases: $600.00 and Cash Withdrawals: $210.00 with an aggregate total of $610.00. ATM cards will also remain active with a reduced temporary limit of $210.00. You will no longer be able to use your Metuchen Bank Visa Debit and/or ATM cards after 3:00PM on Monday, May 20th.
May 20th . Metuchen Bank’s 442 Main Street ATM and Branch will reopen at 8:30AM. In addition, Metuchen Bank clients can begin using all Manasquan Bank branches and digital services.
. You may begin using your new Manasquan Bank MasterCard Debit and/or ATM card to access your accounts. You will no longer be able to use your Metuchen Bank Visa Debit and/or ATM cards after 3:00PM.
. Access your accounts by visiting Manasquan.bank and login using your existing access ID and password. You will be prompted to change your password. Once logged in, you will have to re-enroll and set up Alerts. For assistance, please contact Manasquan Bank’s Solution Center by calling 1-844-626-2265, select option 2.
. Download Manasquan Bank’s Mobile Banking app from the App Store or Google Play, using your smartphone or mobile device on or before May 20th. You can use your existing username and password to log in on May 20th. You will be prompted to change your password. For assistance, please contact Manasquan Bank’s Solution Center by calling 1-844-626-2265, select option 2.
. Access to Manasquan Bank’s Bank-By-Phone is available by dialing 1-844-626-2265, select option 3. Your password will automatically be set to the last 4 digits of your social security number.
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Important Conversion DatesFirst Week Of MayYour new Manasquan Bank MasterCard Debit and/or ATM card will be mailed. The new card can be activated upon receipt by calling 1-800-992-3808. Please continue to use your Metuchen Bank Visa Debit and/or ATM card until Monday, May 20th.
May 17th . Metuchen Bank’s 442 Main Street ATM will close at 2:00PM and the Branch will close at 3:00PM and will remain closed over the weekend. The 50 Pearl Street (Mortgage Division) ATM will permanently close at 2:00PM.
. Metuchen Bank’s Personal & Business Online Banking with Bill Pay and Mobile Banking will be permanently disabled at 5:00PM. Business Online Banking users will be contacted on the morning of May 20th with further instructions.
. Please make arrangements to schedule Bill Pay payments for a delivery date on or before May 17th. Your access to the Manasquan Bank’s Online Bill Pay system will become available on Monday, May 20th. All Bill Pay payee information will be transferred within Manasquan Bank’s Online Bill Pay and scheduled payments will resume.
. Metuchen Bank’s Visa Debit cards will remain active with reduced temporary limits beginning at 3:00PM. Purchases: $600.00 and Cash Withdrawals: $210.00 with an aggregate total of $610.00. ATM cards will also remain active with a reduced temporary limit of $210.00. You will no longer be able to use your Metuchen Bank Visa Debit and/or ATM cards after 3:00PM on Monday, May 20th.
May 20th . Metuchen Bank’s 442 Main Street ATM and Branch will reopen at 8:30AM. In addition, Metuchen Bank clients can begin using all Manasquan Bank branches and digital services.
. You may begin using your new Manasquan Bank MasterCard Debit and/or ATM card to access your accounts. You will no longer be able to use your Metuchen Bank Visa Debit and/or ATM cards after 3:00PM.
. Access your accounts by visiting Manasquan.bank and login using your existing access ID and password. You will be prompted to change your password. Once logged in, you will have to re-enroll and set up Alerts. For assistance, please contact Manasquan Bank’s Solution Center by calling 1-844-626-2265, select option 2.
. Download Manasquan Bank’s Mobile Banking app from the App Store or Google Play, using your smartphone or mobile device on or before May 20th. You can use your existing username and password to log in on May 20th. You will be prompted to change your password. For assistance, please contact Manasquan Bank’s Solution Center by calling 1-844-626-2265, select option 2.
. Access to Manasquan Bank’s Bank-By-Phone is available by dialing 1-844-626-2265, select option 3. Your password will automatically be set to the last 4 digits of your social security number.
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Account Statements You may receive multiple accounts statements for the month of May.
Account Numbers Your deposit and loan account numbers will remain the same. Also, Manasquan Bank acquired Metuchen Bank’s routing number therefore clients can continue to use their current checking and money market checks and deposit tickets until they run out. When you reorder through the Bank, your new checks will have Manasquan Bank’s Logo and routing number, which is 221272167.
Certificates Of Deposit (CDs)Your existing CD rates, terms and conditions will remain in effect through the first maturity date after the conversion. Prior to the CD maturing, Manasquan Bank will mail the client a CD maturity notice reflecting Manasquan’s new terms and conditions.
Individual Retirement Accounts (IRAs)Your existing IRA rates, terms and conditions will remain in effect through the first maturity date after the conversion. If a client has a recurring scheduled distribution from their IRA at Metuchen Bank, it will continue as scheduled at Manasquan. IRA distribution checks are issued on a particular date selected by the client. Please note that Manasquan Bank is the new trustee of record.
Direct Deposits And WithdrawalsIf you are enrolled in direct deposit or automatic withdrawals, your transactions will continue to post as they normally do. You will not experience any changes.
ATM/Debit CardsAs previously indicated, your current Metuchen Bank Visa Debit and/or ATM card will be replaced by a Manasquan Bank MasterCard Debit and/or ATM card. Upon receipt, you will be able to activate your new card by calling 1-800-992-3808. On May 20th, you will be able to start using your new Manasquan Bank MasterCard Debit and/or ATM card to access your accounts.
ChecksYou can continue to use Metuchen Bank checks after the conversion. Once you run out of your existing supply, you can order additional checks by calling or visiting your local branch, or online at Manasquan.bank.
Online Banking After 5:00PM on May 17th, Metuchen Bank’s Online Banking will be disabled. On May 20th, you will be able to access Manasquan Bank’s Online Banking system at Manasquan.bank. Log in using your existing access ID and password. You will be prompted to change your password.
For assistance, please contact the Manasquan Bank Solution Center by calling 1-844-626-2265, select option 2.
Online Bill Pay After 5:00PM on May 17th, Metuchen Bank’s Online Bill Pay will be disabled. On May 20th, you will be able to access Manasquan Bank’s Online Bill Pay. All Bill Pay payee information will be transferred within Manasquan Bank’s Online Bill Pay and scheduled payments will resume.
Mobile Banking After 5:00PM on May 17th, Metuchen Bank’s Mobile Banking App will be disabled. On May 20th, you will be able to access Manasquan Bank’s Mobile Banking App. The Manasquan Bank Mobile Banking App is available, free, for iPad and iPhone devices through the iTunes App Store, and for Android phones and tablets through Google Play. Log in using your existing access ID and password. You will be prompted to change your password.
For assistance, please contact the Manasquan Bank Solution Center by calling 1-844-626-2265, select option 2.
Important Conversion DetailsQuicken / QuickbooksIf you download your Metuchen Bank financial information into your Quicken or QuickBooks personal finance software, you may continue to do so with Manasquan Bank’s Business Online Banking Direct Connect. Once you are in QuickBooks, you will see Manasquan Bank Business Direct in the list of banks when setting up a bank feed.
Loan PaymentsAs of May 20th there will be three ways to make a loan payment:
1.) Pay online using the “Make a Loan Payment” option under the ‘I Want To’ navigation on the Manasquan Bank website.
2.) Mail your payment:
Commercial Loan PaymentsManasquan BankPO Box 60052Newark, NJ 07101-8054
Residential Loan PaymentsManasquan BankPO Box 60013Newark, NJ 07101-8052
3.) Make a payment at any branch.
4.) Please update your bill pay records to reflect payee Manasquan Bank.
BANK-BY-PHONE On May 20th, you can begin to use Manasquan’s Bank-By-Phone service. You can access your accounts by dialing 1-844-626-2265, select option 3. Your password will automatically be set to the last 4 digits of your social security number.
BANK-BY-MAIL The mailing address for Bank-By-Mail is:Manasquan BankPO Box EManasquan, NJ 08736
FDIC Coverage During An Acquisition Manasquan Bank is a member of the Federal Deposit Insurance Corporation (FDIC). The FDIC provides separate insurance coverage for deposits that are acquired following a merger. Your deposit accounts from Metuchen Bank will continue to be separately insured for six months following the merger date, April 1, 2019, and longer in the case of Certificate of Deposit (CD) accounts.
Non-time deposits (for example, checking, passbook savings, and MMDA accounts) acquired by a bank are separately insured for six months after the date of the merger.
Time deposits (for example, certificates of deposit) acquired by a bank are separately insured until the earliest maturity date or six months after the merger date, whichever occurs later, subject to the following rules:
. Time deposits that mature within the first six months and are renewed for the same dollar amount (with or without accrued interest added to the principal amount) and for the same term as the original deposit are separately insured until the first maturity date after the expiration of the six-month period. . Time deposits that mature within the first six months and are renewed on any other basis, or time deposits that mature within the first six months and are not renewed and thereby become regular savings or demand deposits, are separately insured until the end of the six-month period.
Tax Reporting Manasquan Bank will be reporting and issuing 1098, 5498 and 1099 IRS forms for the full year of 2019.
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Account Statements You may receive multiple accounts statements for the month of May.
Account Numbers Your deposit and loan account numbers will remain the same. Also, Manasquan Bank acquired Metuchen Bank’s routing number therefore clients can continue to use their current checking and money market checks and deposit tickets until they run out. When you reorder through the Bank, your new checks will have Manasquan Bank’s Logo and routing number, which is 221272167.
Certificates Of Deposit (CDs)Your existing CD rates, terms and conditions will remain in effect through the first maturity date after the conversion. Prior to the CD maturing, Manasquan Bank will mail the client a CD maturity notice reflecting Manasquan’s new terms and conditions.
Individual Retirement Accounts (IRAs)Your existing IRA rates, terms and conditions will remain in effect through the first maturity date after the conversion. If a client has a recurring scheduled distribution from their IRA at Metuchen Bank, it will continue as scheduled at Manasquan. IRA distribution checks are issued on a particular date selected by the client. Please note that Manasquan Bank is the new trustee of record.
Direct Deposits And WithdrawalsIf you are enrolled in direct deposit or automatic withdrawals, your transactions will continue to post as they normally do. You will not experience any changes.
ATM/Debit CardsAs previously indicated, your current Metuchen Bank Visa Debit and/or ATM card will be replaced by a Manasquan Bank MasterCard Debit and/or ATM card. Upon receipt, you will be able to activate your new card by calling 1-800-992-3808. On May 20th, you will be able to start using your new Manasquan Bank MasterCard Debit and/or ATM card to access your accounts.
ChecksYou can continue to use Metuchen Bank checks after the conversion. Once you run out of your existing supply, you can order additional checks by calling or visiting your local branch, or online at Manasquan.bank.
Online Banking After 5:00PM on May 17th, Metuchen Bank’s Online Banking will be disabled. On May 20th, you will be able to access Manasquan Bank’s Online Banking system at Manasquan.bank. Log in using your existing access ID and password. You will be prompted to change your password.
For assistance, please contact the Manasquan Bank Solution Center by calling 1-844-626-2265, select option 2.
Online Bill Pay After 5:00PM on May 17th, Metuchen Bank’s Online Bill Pay will be disabled. On May 20th, you will be able to access Manasquan Bank’s Online Bill Pay. All Bill Pay payee information will be transferred within Manasquan Bank’s Online Bill Pay and scheduled payments will resume.
Mobile Banking After 5:00PM on May 17th, Metuchen Bank’s Mobile Banking App will be disabled. On May 20th, you will be able to access Manasquan Bank’s Mobile Banking App. The Manasquan Bank Mobile Banking App is available, free, for iPad and iPhone devices through the iTunes App Store, and for Android phones and tablets through Google Play. Log in using your existing access ID and password. You will be prompted to change your password.
For assistance, please contact the Manasquan Bank Solution Center by calling 1-844-626-2265, select option 2.
Important Conversion DetailsQuicken / QuickbooksIf you download your Metuchen Bank financial information into your Quicken or QuickBooks personal finance software, you may continue to do so with Manasquan Bank’s Business Online Banking Direct Connect. Once you are in QuickBooks, you will see Manasquan Bank Business Direct in the list of banks when setting up a bank feed.
Loan PaymentsAs of May 20th there will be three ways to make a loan payment:
1.) Pay online using the “Make a Loan Payment” option under the ‘I Want To’ navigation on the Manasquan Bank website.
2.) Mail your payment:
Commercial Loan PaymentsManasquan BankPO Box 60052Newark, NJ 07101-8054
Residential Loan PaymentsManasquan BankPO Box 60013Newark, NJ 07101-8052
3.) Make a payment at any branch.
4.) Please update your bill pay records to reflect payee Manasquan Bank.
BANK-BY-PHONE On May 20th, you can begin to use Manasquan’s Bank-By-Phone service. You can access your accounts by dialing 1-844-626-2265, select option 3. Your password will automatically be set to the last 4 digits of your social security number.
BANK-BY-MAIL The mailing address for Bank-By-Mail is:Manasquan BankPO Box EManasquan, NJ 08736
FDIC Coverage During An Acquisition Manasquan Bank is a member of the Federal Deposit Insurance Corporation (FDIC). The FDIC provides separate insurance coverage for deposits that are acquired following a merger. Your deposit accounts from Metuchen Bank will continue to be separately insured for six months following the merger date, April 1, 2019, and longer in the case of Certificate of Deposit (CD) accounts.
Non-time deposits (for example, checking, passbook savings, and MMDA accounts) acquired by a bank are separately insured for six months after the date of the merger.
Time deposits (for example, certificates of deposit) acquired by a bank are separately insured until the earliest maturity date or six months after the merger date, whichever occurs later, subject to the following rules:
. Time deposits that mature within the first six months and are renewed for the same dollar amount (with or without accrued interest added to the principal amount) and for the same term as the original deposit are separately insured until the first maturity date after the expiration of the six-month period. . Time deposits that mature within the first six months and are renewed on any other basis, or time deposits that mature within the first six months and are not renewed and thereby become regular savings or demand deposits, are separately insured until the end of the six-month period.
Tax Reporting Manasquan Bank will be reporting and issuing 1098, 5498 and 1099 IRS forms for the full year of 2019.
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Metuchen Bank Manasquan Bank
Regular Now Checking
Now Checking
Senior Now Checking
Student Checking
Business Non Profit Now
Business Now Checking
Non-Interest Bearing CheckingNJ Consumer/ Regular Checking
NJ Consumer Checking
Kasasa Cash Infinity Cash
Kasasa Cash Back Infinity Cash Back
Escrow Management Checking Escrow Management Checking
Business Checking
Basic Business CheckingAttorney Trust Checking
Real Estate Trust Checking
Business Plus Checking Regular Business Checking
Iolta/Attorney Trust Checking Checking Iolta
Personal Money Market
Money Market Checking
Business Money Market
Super Money Market
Personal Tiered Money Market
Business Tiered Money Market
Business Super Tiered Money Market
Signature Money Market Signature Money Market
Signature IRA Money Market Signature IRA Money Market
Statement SavingsStatement Savings
Principal Savings
Regular Savings Regular Savings
Holiday ClubPassbook Club Savings
Vacation Club
Passbook SavingsPassbook Savings
IRA Savings
Escrow Management Savings Escrow Management Savings
The chart below illustrates what the Metuchen Bank Account Types will become post conversion to Manasquan Bank.
Check printing fees vary by the style of check ordered.
Account Research/Reconciliation $ 25(per hour)
Account Statement Copy $ 4(>30 days per page)
Account Statement Copy $ 3 (per page)
Bank Check Payable to Third Party $ 5(per item)
Charge to Return Check (Item Not Paid) $ 30(per item)
Check or Deposit Slip copy $ 4(>30 days per item)
Check or Deposit Slip copy $ 3(per item)
Check Protest $ 5 (per item)
Deposited Item Return $ 10(per item)
Document Retrieval Offsite $ 25(per document)
Document Retrieval Onsite $ 25(per hour)
Foreign Item Collection Fee equal to charge that Manasquan Bank is assessed
Levy, Lien or Legal Action Processing $ 75 (per service)
Money Market/Savings Account Over Limit $ 10(per transaction)
Notary Service (no charge) $ 0
Overdraft/Insufficient Funds (Item Paid) $ 30(per item)
Replacement ATM/Debit Card $ 5(per card)
Safe Deposit Box Drilling $ 250 (per event)
Safe Deposit Box Late Payment $ 10
Safe Deposit Box Lost Key Replacement $ 15(per key)
Signature Guarantee (no charge) $ 0
Standby Transfer to cover NSF $ 10(per transfer)
Stop Payment $ 25(per item)
Wire Transfer Incoming Domestic $ 10(per wire)
Wire Transfer Incoming Foreign $ 12(per wire)
Wire Transfer Outgoing Domestic $ 20(per wire)
Wire Transfer Outgoing Foreign $ 30(per wire)
Consumer Checking-Deposit Account Related feesThe following fees and charges may be assessed against your account:
Conversion Chart
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Metuchen Bank Manasquan Bank
Regular Now Checking
Now Checking
Senior Now Checking
Student Checking
Business Non Profit Now
Business Now Checking
Non-Interest Bearing CheckingNJ Consumer/ Regular Checking
NJ Consumer Checking
Kasasa Cash Infinity Cash
Kasasa Cash Back Infinity Cash Back
Escrow Management Checking Escrow Management Checking
Business Checking
Basic Business CheckingAttorney Trust Checking
Real Estate Trust Checking
Business Plus Checking Regular Business Checking
Iolta/Attorney Trust Checking Checking Iolta
Personal Money Market
Money Market Checking
Business Money Market
Super Money Market
Personal Tiered Money Market
Business Tiered Money Market
Business Super Tiered Money Market
Signature Money Market Signature Money Market
Signature IRA Money Market Signature IRA Money Market
Statement SavingsStatement Savings
Principal Savings
Regular Savings Regular Savings
Holiday ClubPassbook Club Savings
Vacation Club
Passbook SavingsPassbook Savings
IRA Savings
Escrow Management Savings Escrow Management Savings
The chart below illustrates what the Metuchen Bank Account Types will become post conversion to Manasquan Bank.
Check printing fees vary by the style of check ordered.
Account Research/Reconciliation $ 25(per hour)
Account Statement Copy $ 4(>30 days per page)
Account Statement Copy $ 3 (per page)
Bank Check Payable to Third Party $ 5(per item)
Charge to Return Check (Item Not Paid) $ 30(per item)
Check or Deposit Slip copy $ 4(>30 days per item)
Check or Deposit Slip copy $ 3(per item)
Check Protest $ 5 (per item)
Deposited Item Return $ 10(per item)
Document Retrieval Offsite $ 25(per document)
Document Retrieval Onsite $ 25(per hour)
Foreign Item Collection Fee equal to charge that Manasquan Bank is assessed
Levy, Lien or Legal Action Processing $ 75 (per service)
Money Market/Savings Account Over Limit $ 10(per transaction)
Notary Service (no charge) $ 0
Overdraft/Insufficient Funds (Item Paid) $ 30(per item)
Replacement ATM/Debit Card $ 5(per card)
Safe Deposit Box Drilling $ 250 (per event)
Safe Deposit Box Late Payment $ 10
Safe Deposit Box Lost Key Replacement $ 15(per key)
Signature Guarantee (no charge) $ 0
Standby Transfer to cover NSF $ 10(per transfer)
Stop Payment $ 25(per item)
Wire Transfer Incoming Domestic $ 10(per wire)
Wire Transfer Incoming Foreign $ 12(per wire)
Wire Transfer Outgoing Domestic $ 20(per wire)
Wire Transfer Outgoing Foreign $ 30(per wire)
Consumer Checking-Deposit Account Related feesThe following fees and charges may be assessed against your account:
Conversion Chart
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Business Account Related Fees ScheduleThe following fees and charges may be assessed against your account:
Check printing fees vary by the style of check ordered.
Account Analysis monthly fee $ 15
Account Research/Reconciliation $ 50(per hour)
Account Statement Copy $ 4(>30 days per page)
Account Statement Copy $ 3 (per page)
ACH Originations monthly $ 25
ACH Originations Returns $ 20(per item)
ACH Originations Set Up fee $ 25
Check or Deposit Slip copy $ 4(>30 days per item)
Check or Deposit Slip copy $ 3(per item)
Check Paid $ 0.15 (per item)
Check Protest $ 5 (per item)
Deposit Slip $ 0.25 (per deposit slip)
Deposited Item $ 0.14(per item)
Deposited Item Return $ 20(per item)
Document Retrieval Offsite $ 25(per hour)
Document Retrieval Onsite $ 25(per hour)
Foreign Item Collection Fee equal to charge that Manasquan Bank is assessed
Instant Statement $ 2(each)
Insufficient Funds $ 35(Item Paid or Returned per item)
Levy, Lien or Legal Action Processing $ 75 (per service)
Money Market/Savings Account Over Limit $ 10(per transaction)
Night Deposit Canvas Locking Bag $ 50 (each)
Night Deposit Key Replacement $ 4(each)
Notary Service (no charge) $ 0
Official Check $ 10(each)
Positive Pay Service $ 25(per month)
Positive Pay Service Set Up Fee $ 25
Re-deposit Returned Item $ 2(per item)
Remote Deposit Service $ 60 (per month)
Safe Deposit Box Drilling $ 250 (per event)
Safe Deposit Box Late Payment $ 10
Safe Deposit Box Lost Key Replacement $ 15(per key)
Signature Guarantee (no charge) $ 0
Stop Payment $ 25(per item)
Sweep Service monthly $ 25
Uncollected Funds $ 20(per item)
Wire Transfer Incoming Domestic $ 10(per wire)
Wire Transfer Incoming Foreign $ 12(per wire)
Wire Transfer Outgoing Domestic ONLINE $ 15 (per wire)
Wire Transfer Outgoing Domestic $ 25(per wire)
Wire Transfer Outgoing Foreign ONLINE $ 25(per wire)
Wire Transfer Outgoing Foreign $ 35(per wire)
Zero Balance Account monthly $ 25
Zero Balance Account Set Up Fee $ 25
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Business Account Related Fees ScheduleThe following fees and charges may be assessed against your account:
Check printing fees vary by the style of check ordered.
Account Analysis monthly fee $ 15
Account Research/Reconciliation $ 50(per hour)
Account Statement Copy $ 4(>30 days per page)
Account Statement Copy $ 3 (per page)
ACH Originations monthly $ 25
ACH Originations Returns $ 20(per item)
ACH Originations Set Up fee $ 25
Check or Deposit Slip copy $ 4(>30 days per item)
Check or Deposit Slip copy $ 3(per item)
Check Paid $ 0.15 (per item)
Check Protest $ 5 (per item)
Deposit Slip $ 0.25 (per deposit slip)
Deposited Item $ 0.14(per item)
Deposited Item Return $ 20(per item)
Document Retrieval Offsite $ 25(per hour)
Document Retrieval Onsite $ 25(per hour)
Foreign Item Collection Fee equal to charge that Manasquan Bank is assessed
Instant Statement $ 2(each)
Insufficient Funds $ 35(Item Paid or Returned per item)
Levy, Lien or Legal Action Processing $ 75 (per service)
Money Market/Savings Account Over Limit $ 10(per transaction)
Night Deposit Canvas Locking Bag $ 50 (each)
Night Deposit Key Replacement $ 4(each)
Notary Service (no charge) $ 0
Official Check $ 10(each)
Positive Pay Service $ 25(per month)
Positive Pay Service Set Up Fee $ 25
Re-deposit Returned Item $ 2(per item)
Remote Deposit Service $ 60 (per month)
Safe Deposit Box Drilling $ 250 (per event)
Safe Deposit Box Late Payment $ 10
Safe Deposit Box Lost Key Replacement $ 15(per key)
Signature Guarantee (no charge) $ 0
Stop Payment $ 25(per item)
Sweep Service monthly $ 25
Uncollected Funds $ 20(per item)
Wire Transfer Incoming Domestic $ 10(per wire)
Wire Transfer Incoming Foreign $ 12(per wire)
Wire Transfer Outgoing Domestic ONLINE $ 15 (per wire)
Wire Transfer Outgoing Domestic $ 25(per wire)
Wire Transfer Outgoing Foreign ONLINE $ 25(per wire)
Wire Transfer Outgoing Foreign $ 35(per wire)
Zero Balance Account monthly $ 25
Zero Balance Account Set Up Fee $ 25
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