FHLB Dallas - Products - Demand Deposit Account

Overview
Account Flexibility
Service Fees

The FHLB Dallas Demand Deposit Account (DDA) is the cornerstone of the FHLB Dallas cash management services. The Demand Deposit Account product offers the ultimate in efficient, simplified cash management because the customer receives interest on every dollar of collected funds balances without having to transfer funds. For additional information regarding Demand Deposit services, contact 800-423-1986.

Account Flexibility

Demand Deposit Accounts offer centralized account handling with the flexibility to accommodate all types of transactions. The customer may have separate accounts for different kinds of transactions, or for different branch offices. The accounts can be customized to fit the customers needs. Typical types of Demand Deposit Accounts include:

General operating accounts
Dividend and interest accounts
Settlement accounts
Loan disbursement accounts -- mortgage, commercial and consumers
Payroll accounts
Escrow accounts
Zero Balance Accounts

Return to top of page

A Correspondence Services Guide is available.

DDA Service Fees as of 10/1/07

The following fees are charged for various DDA services:

Overdrafts

Per daily occurrence
(plus interest at 4.125% above the Bank's daily DDA rate) $50.00

Reserve Pass-through Services

Reserve pass-through services
no charge

Settlement Services
per item

Debits $0.10

Credits $0.50

Stop Payments

Stop payment $5.00

Mail/Fax Fee

To receive reports or statements via mail/fax that are available on SecureConnect

$25.00

Research

Per hour if request is for information over 90 days old

$25.00

Return to top of page

Return to Products page