Webster Bank

For Your Convenience
Our Customer Care Center is open
7 am - 10 pm, 7 days a week.
Call 1-888-4WEBSTER (1-888-493-2783)
We also have over 165 branches and
almost 500 ATMs so that you can bank on
your schedule.
elcome
to Webster
Personal Banking.
Visit WebsterBank.com to find a branch
near you.
Checking
Debit Cards &
Overdraft Services
Online Banking &
Bill Pay
Savings
Credit Cards,
Consumer Loans &
Lines of Credit
Mortgages
PERSONAL BANKING
XXXXXX
Webster Bank, N.A.
Member FDIC
FN46875 06/12
The Webster Symbol, Webster Bank and Webster We Find a Way
are registered in the U.S. Patent and Trademark Office.
superior Service.
exceptional value.
Delivered by a Type
Personality.
Table of Contents
Personal Checking 3-4
Webster Visa® Debit Card
& Overdraft Services
5-6
Online Banking Services 7-8
Personal Savings
At Webster, we’ve been part of our customers’
lives for more than 75 years.
We were founded in Connecticut in 1935,
during truly extraordinary times, by our current
Chairman’s father, Harold Webster Smith. Mr.
Smith’s goals were straightforward – to help
families become financially secure and own their
own homes.
Webster is committed to providing you with value
for your money, exceptional convenience, and the
best personal service in banking.
Our commitment lies in our dedicated bankers
– people who want to make sure you are in the
account that is just right for your needs. We hope
that if you’re not already a customer, you’ll come to
Webster for the service and value we provide. And
if you’re already banking with Webster, we hope
you’ll expand your relationship with us to take
advantage of the added value and benefits.
Thank you for your interest in Webster Bank –
we appreciate your business.
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Credit Cards,
Consumer Loans
& Lines of Credit 11-14
Mortgages 15-20
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Personal Checking
Webster offers a suite of personal checking
accounts designed to meet your needs and offer
you the greatest value. We are here for you –
whether you have questions about the features of
your account, managing your money, or finding
the checking account that works best to meet your
needs, just ask a branch representative or call us,
and we’ll help make sure you are in the checking
account that works best for you.
NEW! Webster eChecking
This account is designed for people who love the
convenience of banking online and on the go.
Enjoy these convenient features like:
o Free Online Banking with Bill Pay, Free
Mobile Banking, Free Balance Alerts and
a Free Webster Visa Debit Card
o Free Statement eDelivery – Avoid paper
statement fees when you enroll in eDelivery
Even better, there’s No Monthly Service Charge1
When You:
o Set up a monthly Direct Deposit of $500 or
more, and
o Write 5 or fewer paper checks per month
Plus, the monthly service charge1 is waived for
anyone 22 and under.
Webster Value Checking
o No per check charges
o No transaction fees
o Easy-to-balance monthly statement
o One low monthly service charge1 – and it’s
easy to be free when you use your debit card
for purchases at least 10 times per monthly
statement period or maintain the minimum
monthly average balance.
Please refer to a Webster Fee Schedule, or ask a branch
representative, for account details.
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WebsterOne® Relationship Checking
o WebsterOne Savings – competitive
interest rate
o There is a monthly service charge1, waived
when you meet the minimum in combined
average checking, money market and savings
balances during your monthly statement
period or a higher minimum when adding CD,
home equity and installment loan balances
as of the end of your statement period.
o No Webster fees for using another bank’s ATM2
Premier Checking
o Free ATMs ANYWHERE
No fees for using another bank’s ATM
Rebates of other banks’ ATM fees,
even if outside the US
o Premier Savings – great everyday rates
o There is a monthly service charge1, waived
when you meet the minimum in combined
average checking, money market and savings
balances during your monthly statement
period or a higher minimum when adding CD,
home equity and installment loan balances
as of the end of your statement period.
Did You Know?
All of our checking accounts offer
FREE Webster Visa® Debit Cards and
FREE Online Banking and Bill Pay.
Compare features and benefits of our checking
accounts at WebsterBank.com and find the right
product for you!
2
Fees from other banks may apply.
4
The Webster Visa® Debit Card
Debit Card Overdraft Services
FREE Webster Visa® Debit Card
The Webster Visa Debit Card is a powerful tool – a
debit card that works better than cash or checks.
It’s a safe, convenient way to shop.
This service can help you avoid the inconvenience
of having a debit card transaction declined due to
insufficient funds. It allows us to authorize, at our
discretion, purchases you want to make with your
debit card when your balance doesn’t quite cover them.
Use your Webster Visa Debit Card to make
purchases when shopping online or at supermarkets, gas stations, or any retailer that accepts Visa
debit. The money comes from your Webster checking or savings account, and you get a record of all
transactions on your monthly statements or online.
It’s easy to enjoy this simple form of protection for
your account. You only need to Opt-in to enjoy the
benefits of Debit Card Overdraft Services.
There is no charge to Opt-in to Webster Debit Card
Overdraft Services. However, when we approve an
overdraft purchase, we charge an overdraft fee for
the service. In addition, it’s important to note that
your Opt-in does not guarantee our approval of an
overdraft transaction – it simply makes it possible
for us to do so.
o Use it to get cash and make deposits
at any Webster branch
o Make purchases at thousands of stores
worldwide.
Additional Overdraft Protection Services
Savings Overdraft Protection
Link your Webster savings to your checking
account for overdraft protection up to the available
balance in your savings account.1 We charge a transaction fee when we transfer funds from your savings
account for overdraft protection.2 We will waive this
fee for Premier Checking customers.
Overdraft Line of Credit
Apply for an overdraft line of credit, and upon approval,
we will cover your checking account transactions up to
your credit line limit. We will charge you a percentage
of interest based upon the amount of the line you
use. Lines are available up to $5,000. And there is
a low annual fee, which we waive for WebsterOne®
Relationship Checking and Premier Checking
customers. Credit approval is required.
Federal regulations limit the number of transfers and electronic payments from a
savings account to a maximum number of six (6) per calendar month from the following categories: pre-authorized transfers, including overdraft protection; telephone
transfers; and electronic transactions, including WebsterOnline transactions, checks,
debit card payments to third parties, Automated Clearing House (ACH) transactions
and wire transfers.
2
Please refer to a Webster Fee Schedule, or ask a branch representative,
for account details.
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Online Banking Services
Webster online banking is the easy, convenient
and secure way to manage your banking. We’re
at your service, at your convenience - 24/7! You’ll
save time and money and it’s FREE.
statements, including front and back
images of your checks and deposit slips.
o View current balances and monitor
o Pay your bills easily and securely -
o Transfer funds between your eligible deposit
Mobile banking1 lets you take your online banking
to go! Once enrolled in Webster Online Services,
you’ll also have anytime access to your Webster
accounts from the convenience of your mobile
phone or handheld device. There’s nothing to
download – just go to WebsterBank.mobi from any
mobile device with a web browser.
and loan accounts - immediate, one-time, or
recurring future transfers.
Sign up for FREE Statement eDelivery
Go to WebsterBank.com/mywebster to learn more
and enroll in online banking today!
By enrolling in Statement eDelivery you can reduce
paper clutter, the threat of identity theft, and save time,
money and a tree or two!
o Simple. No paper, no clutter, no worries.
o Secure. Lessen the threat of identity theft, no mail
collecting in your mailbox.
o Fast. Statements are available online before paper
statements arrive in the mail.
o Convenient. View, print or download your
statements anytime it’s convenient for you.
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o Easily stay on top of your account activity
with real-time balance alerts. You set your
preferences to stay informed when your
accounts have a low or high balance.
no check writing, no postage, no mailing, no
hassles. Our QuickPay feature allows all payments to be managed from a single location.
o Open accounts such as checking, savings,
and home equity loans. You can also activate
your debit card, report lost or stolen debit
cards, and much more.
transactions for all of your accounts including
checking, savings, money market, CDs,
loans or lines of credit.
o Enroll to receive eDelivery of your deposit
statements, giving you more security against
the threat of identity theft, as well as more
convenience and control.
At WebsterBank.com, better banking is right at
your fingertips. You’ll be able to:
o Access 18 months of deposit account
1
Y ou must be enrolled in Webster Online
Services to use Webster Mobile Banking.
Check with your mobile services provider
for any charges that may apply for data
usage on your phone.
8
Personal Savings
Webster offers a range of FDIC-Insured savings
accounts, Certificates of Deposit (CDs), and
Individual Retirement Accounts (IRAs) to help you
achieve your financial goals – now, and as your
needs change over time.
WebsterOne Savings2
o Available when part of the WebsterOne
Relationship3 Banking package.
o The more you save the higher the
interest rate you will earn.
Our friendly, helpful bankers will work with you to
help you understand and maximize your FDIC
coverage1 on any of the savings opportunities
outlined over the next few pages. We can also
help show you which savings accounts, when
combined with a Webster checking account, offer
you the best rates and even greater convenience
and benefits.
Premier Savings2,4
Webster Value Savings
Premium Money Market Savings2
2
This savings account is the safe and easy way to
save for a special purpose or personal goal, like
your first car, a college education, that long overdue
vacation, or something special just for you!
o Available when a part of the Premier Banking
o Our most competitive interest rates, plus the
package.
more you save the higher the rate
Passbook Savings
o Savings for any of your everyday needs
o A safe, no-stress place to grow and
easily access your money
Certificates of Deposit (CDs)
o Varying maturity dates to meet your
o Interest can be reinvested in your CD, paid
savings goals
monthly by check, or transferred to another
Webster account
Deposits at FDIC-insured institutions are now insured up to at least $250,000
per depositor.
1
Savings Can Be Automatic
Set a savings goal, and you won’t believe how easy
it is to achieve it with an Automatic Savings Program.
We can establish an automatic transfer from your
Webster checking account to any Webster savings
account. Save weekly, monthly, or as frequently as you
like. When you reach your goal, you can even transfer
funds from your savings back to your checking account.
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F ederal regulations limit the number of transfers and electronic payments from a
savings account to a maximum number of six (6) per calendar month from the following categories: pre-authorized transfers, including overdraft protection; telephone
transfers; and electronic transactions, including WebsterOnline transactions, checks,
debit card payments to third parties, Automated Clearing House (ACH) transactions
and wire transfers.
3
A WebsterOne Relationship Checking account is required.
4
A Premier Checking account is required.
2
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Credit Cards
Consumer Loans and Lines of Credit
Credit Cards*
At Webster, our industry-leading credit card products offer competitive pricing combined with a full
range of reward options – making it easy to select
and apply for the card that meets your needs.
Home Equity Loans and Lines
As one of the region’s leading consumer lenders,
Webster offers a wide range of loan products.
You’ll find a knowledgeable loan representative
nearby who can help you make an informed
borrowing decision and complete our fast, simple
application process.
Tap into the available equity in your home
with a home equity loan or home equity credit line.
Many homeowners, just like you, use their home’s
equity to pay for home improvements, consolidate
high-interest-rate debt, pay for college expenses,
or purchase a new car.
There are no application fees or closing costs1
on lines and loans up to and including $500,000,
secured by 1-4 family owner-occupied properties.
Plus, the interest may also be tax deductible
(please check with your tax advisor).
T he creditor, issuer and service provider of these credit cards is Elan
Financial Services pursuant to a license from Visa U.S.A. Inc.
1 For homes held in trust, Webster Bank will require attorney approval
and a minimum trust review fee of $150. Hazard insurance required.
For New York properties, the lender pays a portion of the New York State
Mortgage Tax.
*
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Home Equity Loans
A home equity loan is a fixed rate loan based on
the equity available in your home, which you will
use as collateral for your loan.
o Fixed rate – no change over the life of the loan
o Fixed, manageable monthly payments –
easy on your budget
o Choice of repayment terms
o Receive an extra 0.25%1 off a home equity
loan interest rate with automatic deduction
payments from any Webster Checking account
Home Equity Credit Lines
A home equity line of credit2 is a variable rate,
revolving loan based on the equity available in your
home. That means you have easy check access –
just write a check whenever you need funds up to
your available line during the draw period.3
o No closing costs4
o No application fees
o Transfer funds online directly from your line of
credit into your checking or savings account
o Flexible repayment terms
o No balloon payment at the end of the draw period
If the auto-payment deduction is terminated for any reason, your rate will
increase by the amount of the discount given initially. All loans are subject to the
credit approval process. Offer may be withdrawn at any time. This discount may
not be combined with any other existing offers from Webster Bank or its affiliates.
2
If you make interest only payments during the draw period, then at the start
of the repayment period, you will still owe the original amount borrowed. Your
monthly payment will increase because you must pay back the principal as well
as interest. Certain prepayment penalties may apply – please ask us for those
amounts.
3
The draw period is the period of time (10 years) that you can access funds from
your line. After the draw period expires, you can no longer access the funds and
your repayment period begins.
4
Loans of $500,000 or less. Hazard insurance is always required.
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Personal Loans
Unsecured Personal Loans
(No collateral required)
A Webster unsecured personal loan at competitive
rates offers a convenient way to consolidate debt
or obtain cash for personal needs. Or add a room,
upgrade the kitchen, and add to the value and
comfort of your home.
As one of the Southern New England’s leading
lenders, Webster offers the expertise and financing
choices that will make your dream home a reality.
Whether it’s a new home purchase, refinance, or
construction, a Webster loan representative will
help you find a way to make it happen – quickly
and easily.
o Competitive rates
o Loan amounts up to $25,000
o Quick and easy application process
Auto Loans
We offer auto loans for new and used automobile
purchases, all at competitive rates and with
convenient payment terms.
o Extended payment terms available
o Dealer and non-dealer purchases qualify
Savings Secured Loans (Collateral Loans)
Leverage your Webster savings or CD account(s)
by using them to secure your loan. Savings Secured
Loans require no credit approval and provide
same-day access to cash without diminishing
your savings or CD balances.
o Choice of repayment terms – based on
loan amount
o Interest-only or principal-plus-interest
payment options
All credit products are subject to approval.
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Mortgages
Fixed Rate Mortgages
For those who want the same monthly payment
and interest rate for the life of their loans, Webster’s
fixed rate mortgages are a great choice.
o Choice of repayment terms
o Predictable, stable monthly payments
Adjustable Rate Mortgages
Sometimes, the flexibility of an adjustable rate
mortgage may be just the answer.
o Interest rate varies over the life of the loan
according to the LIBOR Index (one of the
rates at which banks borrow funds) and
margin of the loan
requirements. Webster offers competitive fixed
or adjustable rates and quick credit decisions on
jumbo mortgages. Call to get the maximum loan
and best rates offered.
Government Assisted Mortgages
Webster works closely with a number of federal
(FHA-VA), state, and local government agencies
to deliver affordable mortgages and favorable
interest rates for eligible borrowers. The goal is to
make home ownership available to more families
in our communities. Listed here are some of these
agencies.
o Annual and lifetime interest rate caps protect
Save big with automatic payments
from your Webster checking account!
you in a rising interest rate environment
o Interest only options1
Jumbo Mortgages
Get up to
“Jumbo” mortgages provide home financing for
0.25
%
OFF
individuals who are purchasing or refinancing
properties that require larger loan amounts.
A jumbo mortgage typically has a higher interest
your mortgage rate with ACH1
rate and different down payment requirements
than smaller loans due to certain underwriting
1
Your monthly payment will increase at the end of the interest-only period, because you must now repay the principal amount borrowed as well as the interest.
1
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T o receive up to 0.25% off your mortgage rate, an automatic payment deduction
(ACH) is required from your Webster Bank personal checking account. For mortgage amounts $650,001 to $1,000,000, this discount is reduced to 0.125%. If
the ACH is terminated for any reason, your rate will increase by the amount given
initially. All loans are subject to the credit approval process. This offer is for new
mortgages and is subject to change without notice and may be withdrawn at any
time. This discount does not apply to Government Assisted Mortgages. Offers
may not be combined with any other promotional offer.
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Mortgages
Government Assisted Mortgages
o Connecticut Housing Finance Authority
(CHFA)
o Massachusetts Housing Finance Agency
(MHFA)
o Home Ownership Possibilities for Everyone
(HOPE) -- first time buyers program for low
to moderate income borrowers in designated
cities in CT, NY, MA, and RI
Building a new home is a major undertaking, but
with Webster on your team you’ll get the help you
need from start to finish. We’ll finance the construction costs and even combine those costs with
your land purchase to save you time and money
by having just one closing. We can arrange a fixed
rate or adjustable rate program, whichever is best
o Rhode Island Housing Authority (RI housing)
o State of New York Mortgage Authority
(SONYMA)
Webster also offers a down payment assistance
program for qualified applicants of MHFA or
CHFA loans. Ask a Webster loan representative
for details.
Construction Mortgage Loans
Mortgage Pre-Approvals
Knowing what you can afford before you begin
house-hunting can help you find the home
that’s right for you and your budget. And
when you do find that dream home, we’ll
process your mortgage request fast!
Just call 1-888-681-7788. Once you’re
pre-approved, your real estate agent
and seller will know you’re ready to buy.
All credit products are subject to approval.
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Mortgages
for you. So, get out the blueprints and let’s get
started today.
o Up to 18 months from closing to
complete your home
o Funds disbursed as work progresses
o Interest-only payments during the
construction phase on amount used
o No principal payments until final
o After construction, loan converts to a
permanent mortgage without additional
paperwork or fees – one loan, one closing
Webster Investment Services has access to a range
of options to address your needs. Whether your
goal is to plan for retirement, college education,
or a vacation home, or simply to invest for the
future, Webster Investment Services can help you
reach your objectives.
disbursement of funds
A Financial Consultant at Webster Investment
All credit products are subject to approval.
Construction Mortgages
From the first nail to the last coat of paint, Webster can
finance the construction costs of building your home.
Webster will finance the land and construction of your
home in one loan so there’s only one closing. We offer a
wide range of programs, including fixed rates. If you’re
looking to purchase a home or refinance a home that
needs improvements, Webster’s mortgage experts can
structure a program that’s right for you.
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Notes
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