Sec. 9.5. Required disclosures

Prior to establishing a basic banking account for an account holder, the banking institution shall furnish a written disclosure to each account holder describing the following features of the basic banking account:

(a) the initial deposit amount, if any, required to open the account;

(b) the minimum balance, if any, required to maintain such account;

(c) the charge per periodic cycle for the use of such account, and the length of the periodic cycle;

(d) the maximum number of withdrawal transactions during any periodic cycle which the account holder may make at no additional charge;

(e) that an account holder may make an unlimited number of deposits without incurring any additional charge;

(f) any charge imposed on transactions made at an electronic facility not operated by the account holder's banking institution;

(g) that a withdrawal shall be deemed to be made when recorded on the books of the account holder's banking institution which is not necessarily the date that the account holder initiated the transaction;

(h) such other fees and charges as may be imposed on the account, e.g., charges levied for dishonored items, certification of checks and check printing; and

(i) such other disclosures as are customarily given in connection with the opening of other consumer transaction accounts offered by the banking institution.