Disclosures
Check 21 Disclosure
Credit Life and Disability Disclosure
Electronic Fund Transfers Disclosure
Equal Credit Opportunity Notice
Financial Privacy Notice (First National Bank)
Financial Privacy Notice (First National Financial Services)
Funds Availability Policy
Notice of Negative Information (Pre-sharing)
Notice to Apply for Joint Credit
Required Information for Opening A New Account
Truth in Savings Disclosure
Truth in Savings Disclosure
General.When opening a consumer checking or savings account online with First National Bank you must make an initial minimum deposit of $25. Money Market accounts require higher opening deposits per the following account descriptions.
Interest on checking accounts (if applicable) and money market accounts is compounded and credited to the account each month on the last business day of the statement cycle. Interest on savings accounts is compounded and credited to the account on the last day of each calendar quarter.
Interest is computed using the daily collected balance. This method applies a daily periodic rate to the collected balance in your account each day. Accounts that have minimum balance requirements to meet before you earn interest are outlined in each of the account descriptions that follow. Interest begins to accrue on the business day when funds become available to the bank when you deposit non-cash items (for example, checks). Your interest rate and annual percentage yield (APY) may change. At the bank's discretion we may change the interest rate at any time. See the following interest rate schedule for current rates. If you advise us you are closing your interest bearing account, interest will be paid up to the date of closing; otherwise, it will be forfeited. An account is considered closed when it reaches a zero balance.
Current interest rates and annual percentage yields are listed in the following interest rate schedule. Additional information is available from any of our Customer Service Representatives.
The consumer purchases his or her printed checks unless it is otherwise stated in this fee schedule. Prices for printed checks will vary.
The account service charges (maintenance and activity fees) and minimum balance requirements are outlined in each of the account descriptions that follow. Additional account related fees and other fees are also disclosed in the following schedule. The fees on interest bearing accounts (if applicable) could reduce earnings on your account.
Checking Reserve.The automatic transfer of funds from your checking reserve account to your checking account is available on request (with no transfer charges) to prevent overdrafts. To qualify for a checking reserve account you must be of legal contractual age or have a cosigner who is of legal age. Checking Reserve is subject to credit approval. Please contact deposit services for additional information.
VISA Check Card.You may use your First National Bank VISA Check Card to make purchases from any merchant that accepts a VISA credit card. Your daily purchases are limited to the lesser of $1,500 or the available balance in your account. The purchase amounts will be charged against your checking account and described on your monthly statement. For each signature-based purchase you make using your Check Card, you will receive a $.25 rebate up to $1.00 per statement cycle per account. Account related fees in the following schedule apply to this account.
Currency Conversion.When you use your VISA-branded debit card at a merchant that settles in currency other than U.S. dollars, the charge will be converted into the U.S. dollar amount. The currency conversion rate used to determine that transaction amount in U.S. dollars is either:
- a rate selected by VISA from the range of rates available in wholesale currency markets for the central processing date, which is a rate that may vary from the rate VISA itself receives; or
- the government-mandated rate in effect for the central processing date;
(In each instance, plus or minus any adjustment determined by the issuer.) The conversion rate in effect on the processing date may differ from the rate in effect on the transaction date or posting date.
eChecking Account.The $8 per month maintenance fee is waived if five bill pay transactions are conducted each statement cycle. Interest will be paid on your account when the daily collected balance is $500 or greater per the following interest rate schedule. Your interest rate and annual percentage yield may change. Free Online Banking and Internet Bill Payment is provided. The VISA Check Card monthly maintenance fee of $1 is waived for the first card for each account holder. The fee will be assessed for any additional cards. Paid checks are not returned with your account statement. Instead they will be filmed and kept in safekeeping by the bank. You may request a photocopy of account related items subject to the following fee schedule. Account fees in the following schedule apply to this account.
Advantage Checking Plus.A $6.00 per month maintenance fee will be charged to your account on the last business day of the statement cycle. Upon request, the monthly maintenance fee may be reduced to $4.00 for individuals 50 years of age or older. Interest is paid on all daily collected balances, and will be paid per the following interest rate schedule. Your interest rate and annual percentage yield may change. We may change the interest rate on your account at any time. Deluxe Safety Paper, Specialty Blue or Fineline checks (non-duplicate) are provided at no charge. Prices vary for other checks selected. The VISA Check Card monthly maintenance fee of $1 is waived for the first card. The fee will be assessed for any additional cards. The checking reserve fee is waived. Account related fees in the following schedule apply to this account.
Advantage Checking.A $100 minimum daily ledger balance must be maintained to avoid the $8.00 monthly maintenance checking fee. Interest will be paid on your account when the daily collected balance is $500 or greater per the following interest rate schedule. Your interest rate and annual percentage yield may change. We may change the interest rate on your account at any time. The VISA Check Card monthly maintenance fee of $1 is waived for the first card. The fee will be assessed for any additional cards. Account related fees in the following schedule apply to this account.
Free Checking.There is no monthly maintenance fee on this account. Paid checks will not be returned with your account statement. Instead they will be filmed and kept in safekeeping by the bank. You may request a photocopy of account related items subject to the account related fee schedule. You will be assessed a $1 fee for a transcript statement on your account. A $5.00 fee will be assessed for each new ATM and VISA Check Card. Account related fees in the following schedule apply to this account.
Personal Savings Account.You must maintain $25.00 in this account to keep it open. If your balance drops below $25, a $2 quarterly maintenance fee will be assessed on the last day of each calendar quarter. Interest will be paid on your account when the daily collected ledger balance is $51 or greater per the following interest rate schedule. Your interest rate and annual percentage yield may change. We may change the interest rate on your account at any time. Your account is limited to six (6) pre-authorized debits during each monthly statement cycle. Only three (3) of these pre-authorized debits may be payments by check to third parties. You will be assessed a $1 activity fee for each debit to the account (either paperless (electronic) or by paper) in excess of 12 debits per calendar quarter. Account related fees in the following schedule apply to this account.
Money Market Plus Account.You must deposit $10,000 to open this account. Once the account is opened, there are no minimum balance requirements. Your account is limited to six (6) pre-authorized debits during each monthly statement cycle. Only three (3) of these pre-authorized debits may be payments by check to third parties. If your daily collected balance is $10,000 or more, interest will be paid on your account per the following interest rate schedule. Your interest rate and annual percentage yield may change. We may change the interest rate on your account at any time. Account related fees in the following schedule apply to this account.
Money Market Account.You must deposit $1,000 to open this account. Keep a $1,000 average monthly collected balance and the $8 monthly fee is waived. Your account is limited to six (6) pre-authorized debits during each monthly statement cycle. Only three (3) of these pre-authorized debits may be payments by check to third parties. If your daily collected balance is $1,000 or more, interest will be paid on your account per the following interest rate schedule. Your interest rate and annual percentage yield may change. We may change the interest rate on your account at any time. Account related fees in the following schedule apply to this account.
Certificate of Deposit.General.
The minimum deposit required to purchase a certificate is $500. We will use the daily balance method to calculate the interest on your Certificate. This method applies a daily periodic rate to the principal balance of your certificate for each calendar day.
After your certificate is purchased, you may not make additional deposits to the certificate: however, you may make early withdrawals before the maturity of the certificate, but you will be subject to the early withdrawal penalty described below.
If you are purchasing a Certificate of Deposit Special, the Truth in Savings Disclosure will be delivered to you after we receive the application.
Early Withdrawal Penalty.In case of the depositor's death or determination of legal incompetence by a court or other administrative body, we will honor a request for the early withdrawal prior to maturity without penalty. On all other early withdrawals, the early withdrawal penalty on the amount withdrawn will be equal to (a) 31 days' simple interest at your certificate's current rate for certificates with an original maturity of one year or less or (b) 90 days' simple interest at your certificate's current rate for certificates with an original maturity of over one year.
Renewal Policy.Your certificate will automatically renew at maturity. You have a grace period of ten calendar days after the maturity date to withdraw the funds without being charged a penalty. The interest rate applied to your certificate for the grace period will be the interest rate earned immediately after the maturity of the certificate. If the grace period ends on a non-business day, the grace period will be extended to the next business day.
Rate Information.The annual percentage yield assumes interest is compounded quarterly and remains on deposit until maturity. A withdrawal of interest before maturity will reduce earnings. Interest begins to accrue on the calendar day you purchase the certificate. Interest will be compounded and paid quarterly by adding interest to your certificate or issuing an interest check or depositing interest to your deposit account with us.
If you are purchasing a Change-A-Rate Certificate of Deposit , the interest rate and annual percentage yield may change once any time during the term of your certificate. The rate your certificate can change to is based on the bank's current certificate of deposit rate that is based on the same term as your certificate of deposit.
See disclosure provided on the account application for rate and term information. Please refer to the Rates section for current Interest Rates and Annual Percentage Yields.
Freedom Certificate of Deposit.General.
The minimum deposit required to purchase a Freedom CD is $5,000. We will use the daily balance method to calculate the interest on your Certificate. This method applies a daily periodic rate to the principal balance of your certificate for each calendar day. Limited deposits and withdrawals may be allowed without penalty. Refer to the Transaction Limits section below and the Penalty for Withdrawal section below for more information. Making additional deposits or withdrawals will affect the annual percentage rate.
Transaction Limits.Your account is limited to four (4) deposits and four (4) withdrawals per year as determined by anniversary date of when the original certificate was opened. There is no dollar limit on withdrawals or deposits. First National reserves the right to limit deposits. Withdrawal transactions must be in person at the bank. Funds may be withdrawn with no penalty after seven days on deposit. Withdrawals must be spaced so a minimum of seven days elapses between withdrawals.
Penalty for Withdrawal.An early withdrawal penalty will result if any funds are withdrawn within seven calendar days after making a deposit or subsequent deposit(s). In addition, an early withdrawal penalty will result if a second withdrawal is done within seven calendar days of a previous withdrawal. In either instance the penalty will result in a seven day loss of interest.
Minimum Balance Requirements.You must deposit $5,000 to open this account. You must maintain a minimum of $2,500 at all times. If the account drops below $2,500 you will be required to close your account.
Renewal Policy.Your certificate will automatically renew at maturity for a 24-month term. However you may close your account at any time (if funds have been on deposit for seven days and if seven days have elapsed since the last withdrawal) without a penalty. The interest rate at renewal may be different than the original interest rate. The rate will be determined by us on or shortly before maturity.
Rate Information.The annual percentage yield assumes there are no withdrawals or deposits during the term of the certificate. Making additional deposits or withdrawals will affect the annual percentage rate. The annual percentage yield also assumes interest is compounded quarterly and remains on deposit until maturity. Interest begins to accrue on the calendar day you purchase the certificate. Interest will be compounded and paid quarterly by adding interest to your certificate or issuing an interest check or depositing interest to your deposit account with us.
See disclosure provided on the account application for rate and term information. Please refer to the Rates section for current Interest Rates and Annual Percentage Yields.
RatesPlease refer to the Rates section of the website
ACCOUNT RELATED FEE SCHEDULE:
| Fee to stop the payment of a check (Stop Payment Charge) | 20.00 |
| Fee for items drawn on your account and returned unpaid (Returned Item Fee)* | 25.00 |
| Fee for paying an item that overdraws your account (Paid Item Fee)* | 25.00 |
| Fee imposed every 7th day on an overdraft (Overdrawn Account Charge) | 25.00 |
| Monthly fee for Overdraft Protection (Checking Reserve Fee) | 1.50 |
| Fee for each ATM transaction at a foreign terminal | |
| (a terminal other than a First National Bank of Chadron or Ainsworth location terminal) | |
| (ATM Service Charge and will list location) | 2.00 |
| Monthly fee for each VISA Check Card (VISA Check Card Mthly Fee) | 1.00 |
| Monthly fee for Internet Bill Payment & up to 15 monthly transactions ( Bill Pay Fee Base) | 4.95 |
| Fee for each Internet bill payment transaction in excess of 15 per month (Bill Pay Fee Addtnl) | .40 |
| Fee for replacement of an ATM Card or VISA Check Card | |
| (ATM or VISA Card Replacement Fee) | 5.00 |
| Fee for printing of checks (First National Check/Acc) | VARY |
| Fee per hour for account research (Research Fee) | 20.00 |
| Fee for each photocopy of account related items (Photocopy Fee) | 3.00 |
| Fee per hour for the reconciling of customer bank statements (Reconciling Fee) | 20.00 |
| Fee for closing account opened less than 90 days (Closing Account Fee) | 25.00 |
* Examples of transactions that could create PAID AND RETURNED ITEMS FEES include transactions created by checks, in person withdrawals, transfers, ATM withdrawals, or by other electronic means.
Funds Availability Policy
Our policy is to make funds from your cash and check deposits available to you on the first business day after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once the funds are available, you can withdraw them in cash and we will use the funds to pay checks that you have written.
Please remember that even after we have made funds available to you, and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit.
For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit before 3:00 P.M. on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after 3:00 P.M. or on a day we are not open, we will consider that the deposit was made on the next business day we are open.
Longer Delays May ApplyCase-by-case delays. In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the fifth business day after the day of your deposit. The first $100 of your deposits, however, will be available on the first business day.
If we are not going to make all of the funds from your deposit available on the first business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the day after we receive your deposit.
If you will need the funds from a deposit right away, you should ask us when the funds will be available.
Safeguard exceptions. In addition, funds you deposit by check may be delayed for a longer period under the following circumstances:
We believe a check you deposit will not be paid.
You deposit checks totaling more than $5,000 on any one day.
You redeposit a check that has been returned unpaid.
You have overdrawn your account repeatedly in the last six months.
There is an emergency, such as failure of computer or communications equipment.
We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the eleventh business day after the day of your deposit.
Special Rules for New AccountsIf you are a new customer, the following special rules will apply during the first 30 days your account is open.
Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers, and the first $5,000 of a day's total deposits of cashier's, certified, teller's, traveler's, and federal, state and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be payable to you (and you may have to use a special deposit slip). The excess over $5,000 will be available on the eleventh business day after the day of your deposit. If your deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $5,000 will not be available until the second business day after the day of your deposit.
Funds from all other check deposits will be available on the eleventh business day after the day of your deposit.
Electronic Fund Transfers Disclosure
The First National Bank offers a number of services to its customers which involve electronic fund transfers. These include transactions initiated with a transaction card (ATM card or VISA Check Card), transfers initiated by using either a touch tone telephone or a Personal Computer (PC) using Online Banking on the Internet and a personal identification number, bill payments by Personal Computer using Online Banking on the Internet, direct deposit of Social Security benefits and other government payments, direct deposit of payroll, pre-authorized bill payments, transfers between financial institutions, telephone initiated requests for advances under certain credit programs, electronic check conversions (whereby you provide a check to a merchant or service provider who then scans it for bank and account information), and electronic returned check charges (some merchants or service providers initiate an electronic funds transfer to collect a charge if a check is returned for insufficient funds.)
The following disclosures set forth some of the most important terms and conditions of these services as well as your rights and responsibilities with respect to these services. The "General Disclosures" apply to all electronic fund transfer services, and the disclosures set forth with respect to specific services apply only to those services.
General Disclosures
1. Statements You Will Receive. You will receive a monthly statement for each account for any period during which there has been an electronic fund transfer. If no electronic fund transfers have taken place, you will receive a statement at least quarterly for any account to or from which electronic fund transfers can be made.
2. In Case of Errors or Questions About Your Electronic Transfers. If you think your statement or receipt is wrong or if you need more information about a transfer listed on the statement or receipt, call or write us as soon as you can at the telephone number and address set forth in paragraph 8 below. We must hear from you no later than sixty (60) days after we sent the FIRST statement on which the problem or error appeared.
- Tell us your name and account number.
- Describe the error or transfer you are unsure about and explain as clearly as you can why you believe it is in error or why you need more information.
- Tell us the dollar amount of the suspected error.
If you tell us orally, we may require that you send us your complaint or question in writing within ten (10) business days.
If the suspected error involves an unauthorized transfer initiated by use of your Check Card, we will tell you the results of our investigation within five (5) business days. If we need more time, however, we may take up to forty-five (45) days [ninety (90) days if the suspected error involves a POS Transaction or a transfer that was not initiated within a State or if the suspected error occurred within thirty (30) days after the first deposit to the account] to investigate your complaint or question, but if we decide to do this, we will re-credit your account within five (5) business days so that you will have the use of the money during the time it takes us to complete our investigation. If we ask you to put your complaint or question in writing, we will not re-credit your account until we receive your information.
In all other cases, we will tell you the results of our investigation within ten (10) business days (twenty (20) business days if the suspected error involves an electronic fund transfer to or from an account within 30 days after the first deposit to the account was made) after we hear from you and will correct any error promptly. If we need more time, however, we may take up to forty-five (45) business days (ninety (90) business days if the transfer involved a foreign initiated transaction; or occurred within 30 days after the first deposit to the account was made), to investigate your complaint or question. If we decide to do this, we will re-credit your account within ten (10) business days (twenty (20) business days if the transfer involved an account within 30 days after the first deposit to the account was made) for the amount you think is in error so that you will have the use of the money during the time it takes us to complete our investigation. If we ask you to put your complaint or questions in writing and we do not receive it within ten (10) business days, we may not re-credit your account.
We will tell you the results within three business days after completing our investigation. If we decide that there was no error, we will send you a written explanation. You may ask for copies of the documents that we used in our investigation.
3. Your Liability for Unauthorized Transfers. Tells us AT ONCE if you believe your ATM card, Check Card or Personal Identification Number has been lost or stolen, or if you believe that an electronic fund transfer has been made without your permission using information from your check. Telephoning is the best way of keeping your possible losses down. You could lose all the money in your account (plus your maximum overdraft line of credit). If you tell us within 2 business days after you learn of the loss or theft of your card or number, you can lose no more than $50 if someone used your card or number without your permission. If you do NOT tell us within 2 business days after you learn of the loss or theft of your ATM card, Check Card, or Personal Identification Number, and we can prove we could have stopped someone from using your card or number without your permission if you had told us, you could lose as much as $500.00.
Also, if your statement shows transfers that you did not make, including those made by card, personal identification number or other means, tell us at once. If you do not tell us within 60 days after the statement was mailed to you, you may not get back any money you lost after the 60 days if we can prove that we could have stopped someone from taking the money if you had told us in time. If a good reason (such as a long trip or a hospital stay) kept you from telling us, we will extend the time periods.
Contact in event of unauthorized transfer: If you believe your ATM card, Check Card or Personal Identification Number has been lost or stolen, call 308-432-5552 (Chadron) or 402-387-1842 (Ainsworth) or write us at the following address:
First National Bank, P.O. Box 1351, Chadron, NE 69337
OR
First National Bank, P.O. Box 45, Ainsworth, NE 69210
You should also call the number or write to the address listed above if you believe a transfer has been made using the information from your check without your permission.
4. The Bank's Liability for Incomplete Transfers. If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will NOT be liable, for instance:
- if, through no fault of ours, you do not have enough money in your account to make the transfer;
- if the money in your account is subject to legal process or other encumbrances restricting transfer;
- if the transfer would go over the credit limit on your overdraft line (if any);
- if the automated teller machine or the merchant where you are making the transfer does not have enough cash;
- if the terminal system was not working properly and you knew about the breakdown when you started the transfer; or
- if circumstances beyond our control (such as fire or flood) prevent the transfer despite reasonable precautions that we have taken.
There may be other exceptions stated in our agreement with you.
5. Information We May Disclose to Third Parties. We may disclose information to third parties about your account or transfers you make:
- where it is necessary for completing transfers;
- in order to verify the existence and condition of your account for a third party, such as a credit bureau, clearinghouse or merchant;
- in order to comply with a government agency or court order;
- in response to a garnishment, levy or a subpoena; and
- if you give us your written permission.
6. Charges. There are no charges for electronic fund transfers, except those described in paragraph 1 of Transaction Card Transactions. However, there may be transaction fees for your account activity, if your account is subject to such fees. Please refer to your Truth In Savings Disclosure for this information.
7. Business Days. Our business days (days when we are open for carrying on substantially all business functions) are Monday through Friday. Holidays are not included.
8. How You May Contact Us. If you have any questions about your account, think there is an error on your account, have lost your Transaction Card or Personal Identification Number, think someone has transferred or may transfer money from your account without your permission, or if you want to stop payment on automatic payments you have authorized from your account, or if you want to know whether an automatic payment you have authorized has been made, you can contact us by calling us or writing us at one of the following addresses:
First National Bank
P.O. Box 1351
Chadron, NE 69337
308.432.5552
First National Bank
P.O. Box 45
Ainsworth, NE 69210
402.387.1842
1. Services. If you have arranged to have money deposited directly to your account on a periodic basis (such as social security benefits, other government payments, or your pay), these deposits will be made and reflected on your periodic statement.
2. Advice of Deposit. If the direct deposits are made to your account at least once every sixty (60) days from the same person or company (such as the Social Security Administration or your employer) you may call us at 308-432-5552 to find out whether or not the deposit has been made.
Pre-authorized Payments1. Services. You may arrange to have certain payments (such as utility payments or insurance premiums) automatically deducted from your account. Any such pre-authorized payments will be reflected on your periodic statement. There are no limits on the number of transfers you may make from your checking or checking with interest accounts; however, transfers from your savings or money market accounts count as pre-authorized transfers and, as such, are limited to six (6) pre-authorized transfers per account per statement cycle.
2. Stop Payment. You can stop any of these payments. Here's how: call or write us at the telephone number and address set forth in paragraph 8 of General Disclosures, above, in time for us to receive your request three (3) business days or more before the payment is scheduled to be made. If you call, we may also require you to put your request in writing and get it to us within fourteen (14) days after you call. We will charge you for each stop payment order you give us. (See Fee Schedule for current fee)
3. Bank's Liability. If you order us to stop one of these payments three (3) business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages.
4. Notice of Payment. If these regular payments vary in amount, the person you are going to pay will tell you ten (10) days before each payment, when it will be made and how much it will be. (You may choose instead to get this notice only when the payment would differ by more than a certain amount from the previous payment, or when the amount would fall outside certain limits that you set.) If you want to know whether an automatic payment has been made you can call or write us at the telephone number and address set forth in paragraph 8 of the General Disclosures above.
Electronic ChecksYou may access your account(s) to purchase goods, pay for services, or get cash where a check (whether blank, partially completed or fully completed and signed) is presented at a Point of Sale (POS) terminal or is mailed to a merchant or other payee or lockbox and later converted to an Electronic Funds Transfer.
Transaction Card Transactions1. Currency Conversion. When you use your VISA-branded debit card at a merchant that settles in currency other than U.S. dollars, the charge will be converted into the U.S. dollar amount. The currency conversion rate used to determine that transaction amount in U.S. dollars is either: (a) a rate selected by VISA from the range of rates available in wholesale currency markets for the central processing date, which is a rate that may vary from the rate VISA itself receives; or (b) the government-mandated rate in effect for the central processing date; (In each instance, plus or minus any adjustment determined by the issuer). The conversion rate in effect on the processing date may differ from the rate in effect on the transaction date or posting date.
2. Use of Your Transaction Card. You may use your ATM Card ("Card") or your VISA Check Card ("Check Card") along with your Personal Identification Number to conduct the following transactions ("Terminal Transactions"):
- withdraw cash from your checking or savings accounts;
- make deposits to your checking or savings account;
- transfer available funds between your checking and savings accounts whenever you request;
- inquire about the balance in your checking or savings account;
Some of these services may not be available at all terminals. You may also use your Check Card to pay purchases from merchants who have agreed to accept the Check Card ("POS Transactions").
There is no ATM usage fee for using a First National Bank of Chadron or Ainsworth location terminal. However, if you use your Card or Check Card at a foreign terminal (a terminal other than First National Bank of Chadron or Ainsworth location) there will be a ATM foreign usage fee for each transaction. (See Current Fee Schedule) A transaction is defined as a withdrawal, deposit, transfer or inquiry. There is no usage fee when you use your Check Card to pay for purchases from merchants who have agreed to accept your Check Card ("POS Transactions"). There is a monthly fee to have a Check Card. (See Current Fee Schedule) The fee will be automatically deducted from your checking account at statement cycle.
Notice regarding ATM fees by others. If you use an automated teller machine that is not operated by us, you may be charged a fee by the operator and/or by the automated transfer network (and you may be charged a fee for a balance inquiry even if you do not complete a funds transfer).
There is no limit on the number of times you may use your Card or Check Card; however, you may only withdraw up to a total of $500 of available funds from all terminals each calendar day and purchases through POS Transactions are limited to the lesser of $1500 or the available balance in your account. If you use your Card or Check Card at a terminal to overdraw your checking account and activate an overdraft checking plan (if you have this service), your overdraft will be limited to the amount of your overdraft checking plan or $500; which ever is less, in a calendar day. There may be additional limitations imposed on the number or amount of transactions for security reasons.
You agree not to use your card(s) for illegal gambling or other illegal purpose. Display of a payment card logo, for example, by an online merchant does not necessarily mean that transactions are lawful in all jurisdictions in which the cardholder may be located.
3. Receipts and Statements. You will get a receipt at the time you make any transfer to or from your accounts in connection with Terminal or POS Transactions. You will also receive a monthly statement for each account for any period during which there has been an electronic fund transfer. In any case, you will receive a statement at least quarterly.
Telephone Transfers Using our MoneyTalk Telephone Banking Service:1. Services. You may use the Personal Identification Number for your Transaction Card to transfer funds between your accounts at our bank when using our MoneyTalk Telephone Banking Service (888-432-5504), The transfer amount is limited to the available balance in your transfer account. There are no limits on the number of transfers you may make from your checking or checking with interest accounts; however, transfers from your Savings and Money Market Accounts count as pre-authorized transfers and, as such, are limited to six (6) pre-authorized transfers per account per statement cycle. There are no transfer fees for using our MoneyTalk Telephone Banking Service; however, there may be transaction fees for your account activity, if your account is subject to such fees.
2. Receipts and Statements. You will not receive a receipt for this electronic transfer of funds when you use our MoneyTalk Telephone Banking Service; however, you will receive a monthly statement for each account involved in the transfer of funds.
Online Banking on the Internet:1. Services. You must apply via the Internet at www.fnbchadron.com or www.fnbainsworth.com for this service. Once you are approved and set up for this service, you may use your Personal Computer (PC), your social security number and a PIN (personal identification number) through an Internet connection to obtain your account balances and transaction information. You may also obtain statements on your accounts and transfer money between your accounts. However, transfers from your Savings and Money Market Accounts are considered preauthorized transfers and preauthorized transfers on these accounts are limited to six (6) per Savings Account per month and six (6) per Money Market Account per monthly statement cycle. You may also sign up through Online Banking on the Internet for the Bank's bill payment service. After you have signed up for the bill payment service (individuals only), you may use your PC to electronically direct us to make payments from your designated checking account to third parties whom you have selected in advance to receive payments. You may make payments to any business, merchant, professional or individual. Payments can only be made to payees with addresses in the United States. You may not make payments for alimony, child support, taxes or other governmental or court directed fees. Payments may be made in any amount less than $10,000. Payments are posted against your designated account's available balance, as defined in the Bank's Funds Availability Policy, plus the available balance in your Checking Reserve (overdraft protection), if any. You cannot make two payments to the same payee on the same payment date.
2. Fees. The current charges for the Online Banking on the Internet and its related bill payment service are identified on the Truth In Savings Disclosure. All fees will be charged to your designated checking account.
3. Confirmation of Scheduled Payments. The bill payment system will provide you with a confirmation number that appears in the message bar for each payment or group of payments you schedule. Please print and retain the confirmation number, it will help us resolve any questions you may have concerning your transactions. If you do not provide us with the confirmation number you may not receive credit for any charges assessed because a transfer did not post.
4. Delivery of Payments. You can use your PC to schedule payments 24 hours a day, 7 days a week. However, payments can only be initiated on banking business days (Monday through Friday, except holidays). If a payment is scheduled to occur on a non-business day, the payment will be initiated on the next following business day. In order to provide sufficient time for payments to be received by your payees, the transaction date for each payment must be at least ten (10) banking business days prior to the date your payment is due, excluding any applicable grace periods. Payments will be sent electronically unless that is not possible, then payments will be sent by check.
5. Cancellation of Bill Payments. You may use your PC to cancel a payment or a recurring bill payment online at no cost. Payments may be canceled online up to 1:00 p.m. Mountain Time the banking business day before your payment is scheduled to be initiated. However, you may also stop payment up to three (3) banking business days before your payment is scheduled to be initiated by calling the bill payment customer service at 800-823-7555. If you call to stop a payment, the charge for this is identified on the Truth In Savings disclosure.
6. Recurring Payments. You may schedule fixed amount recurring payments to payees. If the scheduled date ("Transaction Date") is on a non-business day, your payment will be initiated the following business day. Be sure to schedule your recurring payment at least ten (10) business days before your payment due date.
7. Statements. All of your bill payments, transfers and bill payment fees will appear on your monthly checking account statement as descriptive entries.
Disclosures Regarding Electronic "Wholesale Credit" Transactions Subject to Uniform Commercial Code 4A
Provisional Payment:Credit given by us to you with respect to an automated clearing house (ACH) credit entry is provisional until we receive final settlement for such entry through a Federal Reserve Bank. If we do not receive such final settlement, you are hereby notified and agree that we are entitled to a refund of the amount credited to you in connection with such entry, and the party making payment to you via such entry (i.e. the originator of the entry) shall not be deemed to have paid you in the amount of such entry.
Notice of Receipt of Entry:Under the operating rules of the National Automated Clearing House Association (NACHA), which are applicable to ACH transactions involving your account, we are not required to give next day notice to you of receipt of an ACH item and we will not do so. However, we will continue to notify you of the receipt of payments in the periodic statement we provide to you.
Choice of Law:We may accept on your behalf payments to your account which have been transmitted through one or more Automated Clearing Houses (ACH) and which are not subject to the Electronic Fund Transfer Act and your rights and obligations with respect to such payments shall be construed in accordance with and governed by the laws of the state of New York, unless it has been otherwise specified in a separate agreement that the law of some other state shall govern.
Check 21 Disclosure
This disclosure contains important information about your checking account in regard to your rights with substitute checks.
What is a substitute check?
To make check processing faster, federal law permits banks to replace original checks with "substitute checks." These checks are similar in size to original checks with a slightly reduced image of the front and back of the original check. The front of a substitute check states: "This is a legal copy of your check. You can use it the same way you would use the original check." You may use a substitute check as proof of payment just like the original check.
Some or all of the checks that you receive back from us may be substitute checks. This notice describes rights you have when you receive substitute checks from us. The rights in this notice do not apply to original checks or to electronic debits to your account. However, you have rights under other law with respect to those transactions.
What are my rights regarding substitute checks?
All bank deposit customers have warranties and rights under the Uniform Commercial Code and other laws. Check 21 adds additional protections to customers, by guaranteeing that the substitute check will be a legal substitute for the original check and that no person will be charged twice for the same transaction. In addition, consumer accounts (which exclude sole proprietors, commercial depositors, non-profit depositors, governments and school districts) are granted additional "expedited crediting rights" as explained below. As always, we encourage ALL customers to contact us as quickly as possible if a possible error occurs so we may help to resolve the problem in a timely fashion.
In certain cases, federal law provides a special procedure that allows you to request a refund for losses you suffer if a substitute check is posted to your account (for example, if you think that we withdrew the wrong amount from your account or that we withdrew money from your account more than once for the same check). The losses you may attempt to recover under this procedure may include the amount that was withdrawn from your account and fees that were charged as a result of the withdrawal (for example, returned item fees).
The amount of your refund under this procedure is limited to the amount of your loss or the amount of the substitute check, whichever is less. You also are entitled to interest on the amount of your refund if your account is an interest-bearing account. If your loss exceeds the amount of the substitute check, you may be able to recover additional amounts under other law.
If you use this procedure, you may receive up to $2,500 of your refund (plus interest if your account earns interest) within 10 business days after we received your claim and the remainder of your refund (plus interest if your account earns interest) no later than 45 calendar days after we received your claim.
We may reverse the refund (including any interest on the refund) if we later are able to demonstrate that the substitute check was correctly posted to your account.
How do I make a claim for a refund?
If you believe that you have suffered a loss relating to a substitute check that you received and that was posted to your account, please contact us, in writing, at:
FIRST NATIONAL BANK
FIRST NATIONAL BANK You must contact us within 40 calendar days of the date that we mailed (or otherwise delivered by a means to which you agreed) the substitute check in question or the account statement showing that the substitute check was posted to your account, whichever is later. We will extend this time period if you were not able to make a timely claim because of extraordinary circumstances. Your claim must include - Federal law requires us to provide the following notice to customers before any "negative information" may be furnished to a nationwide consumer reporting agency. "Negative information" means information concerning delinquencies, late payments, insolvency, or any form of default. This notice does not mean that we will be reporting such information about you, only that we may report such information about customers that have not done what they are required to do under our agreement. After providing this notice, additional negative information may be submitted without providing another notice. We may report information about your account to credit bureaus. Late payments, missed payments, or other defaults on your account may be reflected in your credit report. Important Information About Procedures For Opening a New Account To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open your new account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents. For corporation, partnership, trust and other business accounts we will collect name, taxpayer identification number and the physical location of the business. As per bank policy, other information may also be necessary. If you obtain a consumer loan from First National Bank, you may be offered the opportunity to purchase Credit Life and Disability Insurance. Federal law prohibits the bank from requiring you to purchase either Credit Life Insurance or Credit Disability Insurance as a condition for loan approval. Consumer loan borrowers will receive a Federal Credit Application Insurance Disclosure outlining this law in more detail. Credit life and disability insurance is NOT a deposit account or other obligation of the depository institution. It is NOT guaranteed or insured by the depository institution or any affiliate of the depository institution. It is NOT insured by the Federal Deposit Insurance Corporation (FDIC). There is investment risk associated with this product, including the POSSIBLE LOSS OF VALUE. NOTICE: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, natural origin, sex, marital status, age (providing the applicant has the capacity to enter into a binding contract), because all or part of the applicant's income derives from any public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance with the law concerning this creditor is: Please indicate if you wish to apply individually or for joint credit. Married applicants are NOT required to apply jointly, and both are NOT required to sign the note unless they choose to do so. Depending upon how the collateral is titled, however, both parties may be required to sign the security documents perfecting the bank's interest in the collateral. First National Bank collects nonpublic personal information about you from the following sources: We will share information we received from you on applications or other forms and information about your transactions with us with First National Financial Services, Inc. We do not disclose any other nonpublic personal information about you to anyone, except as permitted by law. Some examples of such permissible disclosure would be to comply with a subpoena or summons by Federal, State or local authorities, to a consumer reporting agency or to the Internal Revenue Service for tax reporting purposes. If you decide to close your account(s) or become an inactive customer, we will adhere to the privacy policies and practices as described in this notice. First National Bank restricts access to your personal and account information to those employees who need to know that information to provide products or services to you. First National Bank maintains physical, electronic, and procedural safeguards that comply with federal standards to guard your nonpublic personal information.
202 Main Street, P. O. Box 1351
Chadron, NE 69337
(308) 432-5552 www.fnbchadron.com
317 North Main Street, P. O. Box 45
Ainsworth, NE 69210
(402) 387-1842 www.fnbainsworth.com
Notice of Negative Information (Pre-sharing)
Required Information for Opening a New Account:
Credit Life and Disability Disclosure
Equal Credit Opportunity Notice
Office of the Comptroller of the Currency
Customer Assistance Group
1301 McKinney, Suite 3450
Houston, TX 77010-9050
Notice to Apply for Joint Credit
Financial Privacy Notice (First National Bank)
Financial Privacy Notice (First National Financial Services)
First National Financial Services, Inc. collects nonpublic personal information about you from the following sources:
- Information we received from you on applications or other forms;
- Information about your transactions with us or others; and
- Information we receive from a consumer reporting agency.
We will share information we received from you on applications or other forms and information about your transactions with us with First National Bank. We do not disclose any other nonpublic personal information about you to anyone, except as permitted by law. Some examples of such permissible disclosure would be to comply with a subpoena or summons by Federal, State or local authorities, to a consumer reporting agency or to the Internal Revenue Service for tax reporting purposes.
If you decide to close your account(s) or become an inactive customer, we will adhere to the privacy policies and practices as described in this notice.
First National Financial Services, Inc restricts access to your personal and account information to those employees who need to know that information to provide products or services to you. First National Financial Services, Inc. maintains physical, electronic, and procedural safeguards that comply with federal standards to guard your nonpublic personal information.
First National Financial Services
Chadron, Nebraska
