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Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006
(also known as Regulation GG)

The UIGEA, signed into law in 2006, prohibits any person engaged in the business of betting or wagering (as defined in the Act) from knowingly accepting payments in connection with the participation of another person in unlawful internet gambling.

As defined in Regulation GG, unlawful Internet gambling means to "place, receive or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received or otherwise made".

As a customer of Mechanics Bank, these restricted transactions are prohibited from being processed through your commercial account or any banking relationship with us. If you do engage in an Internet gambling business and open a new account with us, we will ask that you provide evidence of your legal capacity to do so.

 

Regular and Business Checking

  • $100.00 minimum initial deposit
  • Student & Senior Citizen accounts available
  • No additional charge for number of checks written or deposits made
  • Market Rate will be charged for checks
Account Balance Monthly Service Charges
$500.00 and above No Charge
$499.99 and below $5.00

Mechanics Advantage Checking NOW Account

  • $100.00 minimum initial deposit
  • Interest credited and paid monthly
  • Accidental death insurance coverage
  • 600 free checks per year
  • No fee for purchase of Travelers Checks
  • No additional charge for number of checks written or deposits made
Coverage Monthly Service Charge
  Standard Senior Citizen (55+)
$10,000.00 $6.00 $3.00
$20,000.00 $7.00 $3.50
$30,000.00 $8.00 $4.00

Prohibited account holders are:

  • Partnerships
  • Associations
  • Corporations
  • Credit Unions

Interest Rates are subject to change without notice. Other Restrictions may apply.

Tiered Rate Checking NOW Account

  • Interest credited and paid monthly
  • Interest begins to accrue once a deposit is made
  • Initial interest rate is determined by the amount of the first deposit
  • Interest rate is determined daily, using the collected balance
  • Interest calculation is the Daily Balance Method
  • $100.00 minimum initial deposit
  • Unlimited check writing
  • Service Charge is $10.00 per statement cycle if the balance falls below $1000.00 any day of the statement cycle
  • Market rate will be charged for ordering and re-ordering of checks

Prohibited account holders are:

  • Partnerships
  • Associations
  • Corporations
  • Credit Unions

Interest Rates are subject to change without notice. Other Restrictions may apply.

Money Market Account

  • Interest credited and paid monthly
  • During any monthly statement cycle, you may not make more than six (6) withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction. No more than three (3) of the six transfers may be made by check, draft, debit card (if applicable) or similar order to third party.

If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure, your interest will not be paid, or your account will be changed to a non-interest bearing account.

Account Balance Monthly Service Charge
$2500.00 and above No charge
$2499.99 and below $10.00

Interest Rates are subject to change without notice. Other Restrictions may apply.

Overdraft Protection

  • This service is provided to qualifying customers
  • There is a $25.00 annual fee, for MAC account holders the fee is $20.00

Stop Payments

  • There is a $28.00 charge per stop pay
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FDIC
Mechanics Bank
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