Morrill & Janes Bank and Trust Company
Personal Deposit and Saving Online Account Documents
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Funds Availability Policy – Your Ability to Withdraw Funds
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Electronic Fund Transfers Your Rights and Responsibilities
- Notice of Financial Privacy Rights
DEPOSIT ACCOUNT TERMS AND CONDITIONS
AGREEMENT
These terms govern the operation of this account unless varied or supplemented in writing. Unless it would be inconsistent to do so, words and phrases used in this document should be construed so that the singular includes the plural and the plural includes the singular. As used in this form, the words "we," "our," or "us" mean the financial institution and the words "you" or "your" mean the account holder(s). This account may not be transferred or assigned without our written consent.
Much of our relationship with our deposit customers is regulated by state and federal law, especially the law relating to negotiable instruments, the law regulating the methods of transferring property upon death and the rights of surviving spouses and dependents, the law pertaining to estate and other succession taxes, the law regarding electronic funds transfer, and the law regarding the availability of deposited funds. This body of law is too large and complex to be reproduced here.
The purpose of this form is to:
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Summarize the rules applicable to the more common transactions;
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Establish rules to govern transactions or circumstances which the law does not regulate; and
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Establish rules for certain events or transactions which the law already regulates but permits variation by agreement.
We may permit some variations from this standard agreement, but any such variations must be agreed to in writing either on our signature card for the account or in some other written form.
Liability - Each of you agrees, for yourself (and the person or entity you represent if you sign as a representative of another) to the terms of this account and the schedule of charges that may be imposed. You authorize us to deduct these charges as accrued directly from the account balance. You also agree to pay additional reasonable charges we may impose for services you request which are not contemplated by this agreement. Each of you also agrees to be jointly and severally liable for any account deficit resulting from charges or overdrafts, whether caused by you or another authorized to withdraw from this account, and the costs we incur to collect the deficit including, to the extent permitted by law, our reasonable attorneys' fees.
Deposits - Any items, other than cash, accepted for deposit (including items drawn "on us") will be given provisional credit only until collection is final (and actual credit for deposits of, or payable in, foreign currency will be at the exchange rate in effect on final collection in U.S. dollars). Subject to any other limitations, interest will be paid only on collected funds, unless otherwise provided by law. We are not responsible for transactions initiated by mail or outside depository until we actually record them. All transactions received after our "daily cut¬off time" on a business day we are open, or received on a day in which we are not open for business, will be treated and recorded as if initiated on the next following business day that we are open.
Withdrawals - Unless otherwise clearly indicated on the account records, any one of you who signs this form including authorized signers, may withdraw or transfer all or any part of the account balance at any time on forms approved by us. Each of you (until we receive written notice to the contrary) authorizes each other person signing this form to endorse any item payable to you or your order for deposit to this account or any other transaction with us. We may charge against your account a check, even though payment was made before the date of the check, unless you have given us written notice of the postdating. The fact that we may honor withdrawal requests that overdraw the finally collected account balance does not obligate us to do so, unless required by law. Withdrawals will first be made from collected funds, and we may, unless prohibited by law or our written policy, refuse any withdrawal request against uncollected funds, even if our general practice is to the contrary. We reserve the right to refuse any withdrawal or transfer request that is attempted by any method not specifically permitted, which is for an amount less than any minimum withdrawal requirement, or which exceeds any frequency limitation. Even if we honor a nonconforming request, repeated abuse of the stated limitations (if any) may eventually force us to close this account. We will use the date a transaction is completed by us (as opposed to the day you initiate it) to apply the frequency limitations. On interest bearing accounts other than time deposits, we reserve the right to require at least seven days' written notice before any withdrawal or transfer. Withdrawals from a time deposit prior to maturity or prior to the expiration of any notice period may be restricted and may be subject to penalty. See your notice of penalties for early withdrawal.
ACH and Wire Transfers - This agreement is subject to Article 4A of the Uniform Commercial Code in the state in which you have your account with us. If you originate a fund transfer for which Fedwire is used, and you identify by name and number a beneficiary financial institution, an intermediary financial institution or a beneficiary, every receiving or beneficiary financial institution and we may rely on the identifying number to make payment. We may rely on the number even if it identifies a financial institution, person or account other than the one named. You agree to be bound by automated clearinghouse association rules. These rules provide, among other things, that payments made to you, or originated by you, are provisional until final settlement is made through a Federal Reserve Bank or payment is otherwise made as provided in Article 4A-403(a) of the Uniform Commercial Code. If we do not receive such payment, we are entitled to a refund from you in the amount credited to your account and the party originating such payment will not be considered to have paid the amount so credited. If we receive a credit to an account you have with us by wire or ACH, we are not required to give you any notice of the payment order or credit.
Ownership of Account and Beneficiary Designation - You intend these rules to apply to this account depending on the form of ownership and beneficiary designation, if any, specified on page 1. We make no representations as to the appropriateness or effect of the ownership and beneficiary designations, except as they determine to whom we pay the account funds.
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Individual Account is owned by one person.
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Joint Account With Survivorship (And Not As Tenants In Common) is owned by two or more persons. Each of you intend that upon your death the balance in the account (subject to any previous pledge to which we have consented) will belong to the survivor(s). If two or more of you survive, you will own the balance in the account as joint tenants with survivorship and not as tenants in common.
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Joint Account No Survivorship (As Tenants In Common) is owned by two or more persons, but none of you intend (merely by opening this account) to create any right of survivorship in any other person. We encourage you to agree and tell us in writing of the percentage of the deposit contributed by each of you. This information will not, however, affect the "number of signatures" necessary for withdrawal.
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Revocable Trust or Pay On Death Account If two or more of you create such an account; you own the account jointly with survivorship. Beneficiaries acquire the right to withdraw only if:
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(1) All persons creating the account die, and
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(2) The beneficiary is then living.
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If two or more beneficiaries are named and survive the death of all persons creating the account, such beneficiaries will own this account in equal shares, without right of survivorship. Any such beneficiary may withdraw all or any part of the account balance. The person(s) creating either of these account types reserves the right to:
(1) Change beneficiaries,
(2) Change account types, and
(3) Withdraw all or part of the deposit at any time.
- Corporate, Partnership, and other Organizational Accounts We will usually require a separate authorization form designating the person permitted and conditions required for withdrawal from any account in the name of a legal entity such as a partnership, corporation, or other organization. We will honor such authorization according to its terms until it is amended or terminated in writing by the governing body of such organization.
Stop Payments - A stop payment order must be given in the manner required by law and must be received in time to give us a reasonable opportunity to act on it before our stop payment cutoff time. Our stop payment cutoff time is one hour after the opening of the next banking day after the banking day on which we receive the item. Law provides additional limitations on our obligation to stop payment. A stop payment order must precisely identify the number, date and amount of the item, and the payee. We will honor a stop payment request by the person who signed the particular item, and, by any other person, even though such other person did not sign the item, if such other person has an equal or greater right to withdraw from this account than the person who signed the item in question. Only the person who initiated the stop payment may make a release of the stop payment request.
Amendments and Termination - From time to time we may amend any term of this agreement upon giving you reasonable notice in writing or by any other method permitted by law, including, in appropriate circumstances, posting notice in our building. We may also close this account at any time upon reasonable notice to you and tender of the account balance personally or by mail. Notice from us to any one of you is notice to all of you.
Statements - You must examine your statement of account with "reasonable promptness." If you discover (or reasonably should have discovered) any unauthorized payments or alterations, you must promptly notify us of the relevant facts. If you fail to do either of these duties, you will have to either share the loss with us, or bear the loss entirely yourself (depending on whether we exercised ordinary care and, if not, whether we substantially contributed to the loss). The loss could be not only with respect to items on the statement but other items forged or altered by the same wrongdoer. You agree that the time you have to examine your statement and report to us will depend on the circumstances, but that such time will not, in any circumstance, exceed a total of 30 days from when the statement is first made available to you.
You further agree that if you fail to report any unauthorized signatures, alterations, forgeries or any other errors in your account within 60 days of when we make the statement available, you cannot assert a claim against us on any items in that statement, and the loss will be entirely yours. This 60-day limitation is without regard to whether we exercised ordinary care. The limitation in this paragraph is in addition to that contained in the first paragraph of this section.
Direct Deposits - If, in connection with a direct deposit plan, we deposit any amount in this account which should have been returned to the Federal Government for any reason, you authorize us to deduct the amount of our liability to the Federal Government from this account or from any other account you have with us, without prior notice and at any time, except as prohibited by law. We may also use any other legal remedy to recover the amount of our liability.
Temporary Account Agreement - If this option is selected, we may restrict or prohibit further use of this account if you fail to comply with the requirements we have imposed within a reasonable time.
Setoff - You each agree that we may (without prior notice and when permitted by law) set off the funds in this account against any due and payable debt owed to us now or in the future, by any of you having the right of withdrawal, to the extent of such persons' or legal entity's right to withdraw. If the debt arises from a note, "any due and payable debt" includes the total amount of which we are entitled to demand payment under the terms of the note at the time we set off, including any balance the due date for which we properly accelerate under the note. This right of setoff does not apply to this account if: (a) it is an Individual Retirement Account or other tax deferred retirement account, or (b) the debt is created by a consumer credit transaction under a credit card plan, or (c) the debtor's right of withdrawal arises only in a representative capacity. We will not be liable for the dishonor of any check when the dishonor occurs because we set off a debt against this account. You agree to hold us harmless from any claim arising as a result of our exercise of our right of setoff.
Facsimile Signatures - You authorize us, at any time, to charge you for all checks, drafts, or other orders, for the payment of money, that are drawn on us regardless of by whom or by what means the facsimile signature(s) may have been affixed so long as they resemble the facsimile signature specimen on page 1 of this agreement, or that are filed separately with us, and contain the required number of signatures for this purpose.
Authorized Signer - An authorized signer is someone you designate to conduct transactions on your behalf, but does not have any ownership or rights at death unless named as a Pay on Death or Revocable Trust beneficiary.
Restrictive Legends - We are not required to honor any restrictive legend on checks you write unless we have agreed to the restriction in a writing signed by one of our officers. Examples of restrictive legends are "must be presented within 90 days" or "not valid for more than $1,000."
(Go Back To Table of Contents)The law permits us to pay items (such as checks or drafts) drawn on your account in any order. To assist you in handling your account with us, we are providing you with the following information regarding how we process the items that you write. When processing items drawn on your account, our policy is to pay them in numerical sequence. Lower item numbers are paid first. The order in which items are paid is important if there is not enough money in your account to pay all of the items that are presented. There is no policy that is favorable in every instance. If the smallest items are paid first, you may have fewer NSF or overdraft fees, but the largest, and perhaps more important items (such as rent or mortgage payments) might not be paid. If an item is presented without sufficient funds in your account to pay it, we may, at our discretion, pay the item (creating an overdraft) or return the item (NSF). The amounts of the overdraft and NSF fees are disclosed elsewhere. By paying items in numerical sequence, we think our policy attains a reasonable balance between minimizing additional cost to you and paying your more important items.
We encourage you to make careful records and practice good account management. This will help you to avoid writing checks or drafts without sufficient funds and incurring the resulting fees.
(Go Back To Table of Contents)Like any standard check or draft, a remotely created check (sometimes called a telecheck, preauthorized draft or demand draft) is a check or draft that can be used to withdraw money from an account. Unlike a typical check or draft, however, a remotely created check is not issued by the paying bank and does not contain the signature of the account owner (or a signature purported to be the signature of the account owner). In place of a signature, the check usually has a statement that the owner authorized the check or has the owner's name typed or printed on the signature line. For example, if a person provides an account number in response to a telephone solicitation, the telephone solicitor can use the account number to issue a remotely created check to withdraw money from that account. You warrant and agree to the following for every remotely created check we receive from you for deposit or collection: (1) you have received express and verifiable authorization to create the check in the amount and to the payee that appears on the check; (2) you will maintain proof of the authorization for at least 2 years from the date of the authorization, and supply us the proof if we ask; and (3) if a check is returned you owe us the amount of the check, regardless of when the check is returned. We may take funds from your account to pay the amount you owe us, and if there are insufficient funds in your account, you still owe us the remaining balance.
(Go Back To Table of Contents)YOUR ABILITY TO WITHDRAW FUNDS – FUNDS AVAILABILITY
This policy statement applies to all deposit accounts. 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.
Determining the Availability of a 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 4:30 p.m. at any of our bank branches (cutoff times may be later on some days or at some locations) 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 4:30 p.m. at any of our bank branches or on a day we are not open, we will consider that the deposit was made on the next business day we are open. If you make a deposit at an ATM before 2:00 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 at an ATM after 2:00 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.
If we cash a check for you that is drawn on another bank, we may withhold the availability of a corresponding amount of funds that are already in one of your accounts. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it.
If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited.
Longer Delays May Apply
• Case-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 second business day after the day of your deposit. The first $200 of your deposits, however, may 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, after we receive your deposit, 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 first business day after we receive your deposit.
If you will need the funds from a deposit right away, you should ask us when the funds would be available.
• Safeguard Exception Delays - In addition, funds you deposit by check may be delayed for a longer period under the following circumstances:
o We believe a check you deposit will not be paid.
o You deposit checks totaling more than $5,000 on any one day.
o You redeposit a check that has been returned unpaid.
o You have overdrawn your account repeatedly in the last six months.
o There is an emergency, such as failure of
o 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 seventh business day after the day of your deposit.
Deposits at Automated Teller Machines - Funds from any deposits (cash or checks) made at Automated Teller Machines (ATMs) we own or operate will be available on the second business day after the day of deposit, except that U.S. Treasury checks that are payable to you deposited at ATMs will be available on the first business day after the day of deposit. Also, the first $200 of a deposit made at ATMs will be available on the first business day after the day of deposit. Checks drawn on us or on a branch of ours will be available on the first business day after the day of deposit if the deposit is made at an ATM located on our premises.
(Go Back To Table of Contents)SUBSTITUTE CHECKS AND YOUR RIGHTS
As an account holder, you may see substitute checks from time to time, such as when you receive your account statement with copies of your checks, when you view your account information online, or when you request a copy of your original check for proof of payment. The following substitute check disclosure provides information about substitute checks and your rights. So you will recognize a substitute check when you receive one, we have also included an illustration of the front side of a substitute check along with an explanation of the substitute check's components.
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?
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, bounced check 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 $2,500.00 of your refund (plus interest if your account earns interest) within 10 business day(s) after we received your claim and the remainder of your refund (plus interest if your account earns interest) not later than 45 calendar day(s) 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 at:
Morrill & Janes Bank & Trust Co.
6740 Antioch
Merriam, KS 66204
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:
• A description of why you have suffered a loss (for example, you think the amount withdrawn was incorrect);
• An estimate of the amount of your loss;
• An explanation of why the substitute check you received is insufficient to confirm that you suffered a loss; and
• A copy of the substitute check and/or the following information to help us identify the substitute check: the check number.
Substitute check image:
1. An image of the original check appears in the upper right-hand corner of the substitute check.
2. A substitute check is the same size as a standard business check.
3. The information in asterisks relates to the "reconverting bank" - the financial institution that created the substitute check.
4. The information in brackets (appears sideways facing check image) relates to the "truncating bank" - the financial institution that took the original check out of the check processing system.
5. The Legal Legend states: This is a legal copy of your check. You may use it the same way you would use the original check.
6. The MICR lines at the bottom of the image of the original and at the bottom of the substitute check are the same except for the "4" at the beginning of the substitute check number, which indicates that it is a substitute check being moved forward for collection purposes. It is also possible for a substitute check number to begin with a "5" if the item is being returned. The rest of the MICR line is the same as the original check to ensure that it is processed as though it were the original.
ELECTRONIC FUND TRANSFERS YOUR RIGHTS AND RESPONSIBILITIES
Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which may apply to your account. Please read this disclosure carefully because it tells you your rights and obligations for the transactions listed. You should keep this notice for future reference.
Health Savings Accounts (HSA) - Health Savings Accounts (HSA). We permit you (as described below) to access your HSA with a card. This service is offered for the convenience of managing your HSA. However, electronically accessing your HSA - for example, getting additional cash back on an HSA debit card transaction - can raise a variety of tax concerns. As a result, before electronically accessing your HSA make sure you are using the correct card. Also, it is your responsibility to ensure the contributions, distributions, and other actions related to your HSA, comply with the law, including federal tax law. As always, we recommend consulting a legal or tax professional if you have any questions about managing your HSA. The terms of this disclosure are intended to work in conjunction with the HSA Agreement provided to you earlier. In the event of a conflict, the terms of the HSA Agreement control. You understand that your HSA is intended to be used for payment of qualified medical expenses. It is your responsibility to satisfy any tax liability resulting from use of your HSA for any purpose other than payment or reimbursement of qualified medical expenses. We do not monitor the purpose of any transaction to or from your HSA. Nor are we responsible for ensuring your eligibility for making contributions or ensuring withdrawals are used for payment or reimbursement of qualified medical expenses. Refer to your HSA Agreement for more information relating to the use of your HSA.
Electronic Fund Transfers Initiated By Third Parties - You may authorize a third party to initiate electronic fund transfers between your account and the third party's account. These transfers to make or receive payment may be onetime occurrences or may recur as directed by you. These transfers may use the Automated Clearing House (ACH) or other payments network. Your authorization to the third party to make these transfers can occur in a number of ways. For example, your authorization to convert a check to an electronic fund transfer or to electronically pay a returned check charge can occur when a merchant provides you with notice and you go forward with the transaction (typically, at the point of purchase, a merchant will post a sign and print the notice on a receipt). In all cases, these third party transfers will require you to provide the third party with your account number and financial institution information. This information can be found on your check as well as on a deposit or withdrawal slip. Thus, you should only provide your financial institution and account information (whether over the phone, the Internet, or via some other method) to trusted third parties whom you have authorized to initiate these electronic fund transfers. Examples of these transfers include, but are not limited to:
• Preauthorized credits - You may make arrangements for certain direct deposits to be accepted into your checking or savings.
• Preauthorized payments - You may make arrangements to pay certain recurring bills from your checking or savings.
• Electronic check conversion - You may authorize a merchant or other payee to make a onetime electronic payment from your checking account using information from your check to pay for purchases or pay bills.
• Electronic returned check charge - You may authorize a merchant or other payee to initiate an electronic funds transfer to collect a charge in the event a check is returned for insufficient funds.
M&J VISA ATM CARD transactions - types of transactions - You may access your account(s) by ATM using your M&J VISA ATM CARD and your personal identification number (PIN) to:
- withdraw cash from checking or savings
- transfer funds from checking or savings to checking or savings
- get balance information about checking or savings
Some of these services may not be available at all terminals.
M&J VISA Check Card ATM transactions - types of transactions - You may access your account(s) by ATM using your M&J VISA Check Card and your personal identification number (PIN) (as applicable) to:
- withdraw cash from checking or savings
- transfer funds from checking or savings to checking or savings
- get balance information about checking or savings
Some of these services may not be available at all terminals.
M&J VISA Check Card point-of-sale transactions - types of transactions - You may access your checking account(s) using your M&J VISA Check Card to do transactions that participating merchants will accept, including:
- purchase goods in person, by phone, or online
- pay for services in person, by phone, or online
- get cash from a participating merchant or financial institution
Currency Conversion and International Transactions - When you use your VISA(R) debit card at a merchant that settles in currency other than US dollars, the charge will be converted into the US dollar amount. The currency conversion rate used to determine the transaction amount in US dollars is either a rate selected by Visa from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate Visa itself receives, or the government-mandated rate in effect for the applicable central processing date. The conversion rate in effect on the processing date may differ from the rate in effect on the transaction date or posting date.
Visa USA charges us a .8% International Service Assessment on all international transactions, regardless of whether there is a currency conversion. If there is a currency conversion, the International Service Assessment is 1% of the transaction. The fee we charge you for international transactions/currency conversions is disclosed separately. An international transaction is a transaction where the country of the merchant is outside the USA.
Advisory Against Illegal Use - You agree not to use your M&J VISA Check Card for illegal gambling or other illegal purposes. Display of a payment card logo by, for example, an online merchant does not necessarily mean that transactions are lawful in the jurisdiction in which you may be located.
Non-Visa Debit Transaction Processing - We have enabled non-Visa debit transaction processing. This means you may use your M&J VISA Check Card on a PIN-Debit Network* (a non-Visa network) without using a PIN. The non-Visa debit network(s) for which such transactions are enabled are: ACCEL/Exchange Network.
Examples of the types of actions that you may be required to make to initiate a Visa transaction on your M&J VISA Check Card include signing a receipt, providing a card number over the phone or via the Internet, or swiping the card through a point-of-sale terminal.
Examples of the types of actions you may be required to make to initiate a transaction on a PIN-Debit Network include initiating a payment directly with the biller (possibly via telephone, Internet, or kiosk locations), responding to a logo displayed at a payment site and choosing to direct payment through that network, and having your identity verified using known information derived from an existing relationship with you instead of through use of a PIN.
The provisions of your agreement with us relating only to Visa transactions are not applicable to non-Visa transactions. For example, the additional limits on liability (sometimes referred to as Visa's zero-liability program) and the streamlined error resolution procedures offered on Visa debit card transactions are not applicable to transactions processed on a PIN-Debit Network.
*Visa Rules generally define "PIN-Debit Network" as a non-Visa debit network that typically authenticates transactions by use of a personal identification number (PIN) but that is not generally known for having a card program.
Personal eBanking - types of transfers - You may access your accounts at www.mjbtrc.com and using your Access ID and Password to:
- transfer funds from checking or savings or Home Equity Line of Credit to checking or savings
- make payments from checking or savings to loans
- get balance information about checking, savings, certificate of deposit, line of credit or loans
- get withdrawal history about checking, savings, certificate of deposit, line of credit or loans
- get deposit history about checking, savings or certificate of deposit
- get transaction history about checking, savings, certificate of deposit, line of credit or loans
Online Bill Pay - types of transfers - You may access this service by computer at www.mjbtrc.com and using your Access ID and Password. You may access this service to:
- make payments from your checking account(s) to
(Some payments made by paper check will not be subject to this Electronic Fund Transfers disclosure, as disclosed separately. Provided you have sufficient collected funds in you Account, funds transfers can be made in any amount up to a maximum daily limit established by the Bill Payment provider upon enrollment. Transfers from a line of credit or loan may be limited by the amount of available credit and by a mimium advance amount as set forth in the loan documents. By federal regulation you are limited to six preauthorized transactions or automatic transfers if the "transfer from" account is a savings account or a money market account.)
Mobile Banking - types of transfers - You may access your accounts remotely with your Cell phone or other mobile access device and using your Access ID, Password and Personal identification number (PIN). You may use this service to:
- transfer funds from Checking or Savings or Line of Credit to Checking or Savings
- make payments from Checking or Savings to loans
- get balance information about checking, savings, line of credit, certificate of deposit or loans
- get withdrawal history about checking, savings, line of credit or certificate of deposit
- get deposit history about checking, savings or certificate of deposit
- get transaction history about checking, savings, line of credit, certificate of deposit or loans
Your mobile service provider's standard service fees, such as text message fees or similar charges, will apply to all transactions. Check with your service provider for information about these fees.
Limits and fees - Please refer to our fee disclosure for information about fees and limitations that may apply to these electronic fund transfers.
ATM Operator/Network Fees - When you use an ATM not owned by us, you may be charged a fee by the ATM operator or any network used (and you may be charged a fee for a balance inquiry even if you do not complete a fund transfer).
(Go Back To Table of Contents)Terminal transfers - You can get a receipt at the time you make a transfer to or from your account using an automated teller machine or point-of-sale terminal. However, you may not get a receipt if the amount of the transfer is $15 or less.
Preauthorized credits - If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company:
- the person or company making the deposit will tell you every time they send us the money.
- you can call us at (913)677-4500 to find out whether or not the deposit has been made.
Periodic statements - You will get a monthly account statement from us for your checking account(s). You will get a monthly account statement from us for your savings account(s), unless there are no transfers in a particular month. In any case, you will get a statement at least quarterly.
(Go Back To Table of Contents)Right to stop payment and procedure for doing so - If you have told us in advance to make regular payments out of your account, you can stop any of these payments. Here is how:
Call or write us at the telephone number or address listed in this disclosure in time for us to receive your request three 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 14 days after you call.
Notice of varying amounts - If these regular payments may vary in amount, the person you are going to pay will tell you, 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.)
Liability for failure to stop payment of preauthorized transfer - If you order us to stop one of these payments three business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages.
Financial Institution's Liability
Liability for failure to make 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:
(1) If, through no fault of ours, you do not have enough money in your account to make the transfer.
(2) If you have an overdraft line and the transfer would go over the credit limit.
(3) If the automated teller machine where you are making the transfer does not have enough cash.
(4) If the terminal or system was not working properly and you knew about the breakdown when you started the transfer.
(5) If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken.
(6) There may be other exceptions stated in our agreement with you.
We will disclose information to third parties about your account or the transfers you make:
(1) where it is necessary for completing transfers; or
(2) in order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant; or
(3) in order to comply with government agency or court orders; or
(4) as described in our privacy policy disclosure, provided separately.
(a) Consumer liability.
(1) Generally. Tell us AT ONCE if you believe your card and/or code 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 of the money in your account (plus your maximum overdraft line of credit). If you tell us within 4 business days after you learn of the loss or theft of your card and/or code, you can lose no more than $50 if someone used your card without your permission.
If you do NOT tell us within 4 business days after you learn of the loss or theft of your card and/or code, and we can prove we could have stopped someone from using your card and/or code without your permission if you had told us, you could lose as much as $300.Also, if your statement shows transfers that you did not make, including those made by card, code 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 period.
(2) Additional Limits on Liability for VISA® card. Unless you have been grossly negligent or have engaged in fraud, you will not be liable for any unauthorized transactions using your lost or stolen Visa card. This additional limit on liability does not apply to ATM transactions, or to transactions using your Personal Identification Number which are not processed by Visa.
(b) Contact in event of unauthorized transfer. If you believe your card and/or code has been lost or stolen, call or write us at the telephone number or address listed in this disclosure. You should also call the number or write to the address listed in this disclosure if you believe a transfer has been made using the information from your check without your permission.
(Go Back To Table of Contents)In case of errors or questions about your electronic transfers, call or write us at the telephone number or address listed in this disclosure, as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer listed on the statement or receipt. We must hear from you no later than 60 days after we sent the FIRST statement on which the problem or error appeared.
(1) Tell us your name and account number (if any).
(2) Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information.
(3) 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 10 business days.
We will determine whether an error occurred within 10 business days (20 business days if the transfer involved a new account) after we hear from you and will correct any error promptly. If we need more time, however, we may take up to 45 days (90 days if the transfer involved a new account, a point of¬ sale transaction, or a foreign initiated transfer) to investigate your complaint or question. If we decide to do this, we will credit your account within 10 business days (20 business days if the transfer involved a new account) 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 question in writing and we do not receive it within 10 business days, we may not credit your account. Your account is considered a new account for the first 30 days after the first deposit is made, unless each of you has an established account with us before the account is opened.
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. If you have inquiries regarding your account, please contact us at:
Morrill and Janes Bank & Trust Co
Electronic Funds (Reg E) Resolution Department
6740 Antioch Road
Merriam, KS 66204
BUSINESS DAYS: Monday, Tuesday, Wednesday, Thursday, Friday
Holidays are not included.
PHONE: 913.677.4500
Notice Of ATM/Night Deposit Facility User Precautions
As with all financial transactions, please exercise discretion when using an automated teller machine (ATM) or night deposit facility. For your own safety, be careful. The following suggestions may be helpful.
-
Prepare for your transactions at home (for instance, by filling out a deposit slip) to minimize your time at the ATM or night deposit facility.
-
Mark each transaction in your account record, but not while at the ATM or night deposit facility. Always save your ATM receipts. Don't leave them at the ATM or night deposit facility because they may contain important account information.
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Compare your records with the account statements you receive.
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Don't lend your ATM card to anyone.
-
Remember, do not leave your card at the ATM. Do not leave any documents at a night deposit facility.
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Protect the secrecy of your Personal Identification Number (PIN). Protect your ATM card as though it were cash. Don't tell anyone your PIN. Don't give anyone information regarding your ATM card or PIN over the telephone. Never enter your PIN in any ATM that does not look genuine, has been modified, has a suspicious device attached, or is operating in a suspicious manner. Don't write your PIN where it can be discovered. For example, don't keep a note of your PIN in your wallet or purse.
-
Prevent others from seeing you enter your PIN by using your body to shield their view.
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If you lose your ATM card or if it is stolen, promptly notify us. You should consult the other disclosures you have received about electronic fund transfers for additional information about what to do if your card is lost or stolen.
-
When you make a transaction, be aware of your surroundings. Look out for suspicious activity near the ATM or night deposit facility, particularly if it is after sunset. At night, be sure that the facility (including the parking area and walkways) is well lighted. Consider having someone accompany you when you use the facility, especially after sunset. If you observe any problem, go to another ATM or night deposit facility.
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Don't accept assistance from anyone you don't know when using an ATM or night deposit facility.
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If you notice anything suspicious or if any other problem arises after you have begun an ATM transaction, you may want to cancel the transaction, pocket your card and leave. You might consider using another ATM or coming back later.
-
Don't display your cash; pocket it as soon as the ATM transaction is completed and count the cash later when you are in the safety of your own car, home, or other secure surrounding.
-
At a drive-up facility, make sure all the car doors are locked and all of the windows are rolled up, except the driver's window. Keep the engine running and remain alert to your surroundings.
-
We want the ATM and night deposit facility to be safe and convenient for you. Therefore, please tell us if you know of any problem with a facility. For instance, let us know if a light is not working or there is any damage to a facility. Please report any suspicious activity or crimes to both the operator of the facility and the local law enforcement officials immediately.
MORE DETAILED INFORMATION IS AVAILABLE ON REQUEST
(Go Back To Table of Contents)
All transactions initiated through the use of an ATM or Visa Check Card ("Card") shall be subject to all rules and regulations of us ("Bank") and to all agreements between Bank and you ("Cardholder") that relate to Transactions of the type initiated. No transaction which involves the extension of credit by Bank to Cardholder will be initiated or negotiated through the use of the Card, except pursuant to an agreement, in advance, between Bank and Cardholder in respect thereto. All transactions effected through the use of the Card are subject to verification by Bank and all deposits and payments made through an ATM or other electronic information processing device are subject to actual receipt and verification by Bank as to amount. The records of Bank (whether generated by an ATM or any other electronic information processing device) reflecting transactions through the use of the Card (including records reflecting the amount of any payment or deposit received and the amount of cash dispensed) shall be presumed correct. Transactions initiated through the use of an ATM or any other electronic information processing device at times other than during Bank's normal business hours may, at Bank's election in any instance, not be completed by Bank until the next Bank business day.
Cardholder will safeguard the Card and PIN and, without limiting the foregoing, will not write the PIN of the Card or otherwise disclose or make such PIN available to anyone not intended by Cardholder to be authorized to use the card. Cardholder will immediately sign back of Card upon receipt.
Either Bank or Cardholder may terminate their agreement as to any Card and revoke the Card at any time. Cardholder shall be relieved of liability as to transactions occurring after such termination, but no such termination shall affect any liability of Cardholder to Bank with respect to transactions initiated through the use of the Card before termination. Upon any termination, the Card shall be returned to Bank.
Bank may amend these rules and regulations by mailing notice to customer 30 days before any amendment effective date. The Bank can waive the 30-day notice if the change in terms is necessary to maintain or restore security of the system or account.
The term Cardholder as used herein shall mean and include each and every party to the accounts with Bank, including but not limited to jointly owned accounts, with respect to which the Card is issued and used, and all such persons shall be jointly and severally liable for the performance of the obligations of Cardholder hereunder, and any other or more of such joint Cardholders shall, without the consent of any of the others of them, have the right to initiate transactions through the use of the Card and to terminate the entire Agreement concerning such jointly held Card.
Deposits at Bank's proprietary ATMs will be treated as deposits made at main banking office by mail. Deposits at nonproprietary ATMs will be treated as deposits of nonlocal checks. Deposits may not be accepted at ATMs not owned by Bank.
Provisional Payment: Credit given by us to you with respect to an automated clearinghouse (ACH) 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, which are applicable to ACH transactions involving your account, we are not required to give next day notice to you of receipt of any ACH item and we will not do so. However, we will continue to notify you of the receipt of payments in the periodic statements 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 ACHs and which are not subject to 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 Kansas unless it has been otherwise specified in a separate agreement that the law of some other state shall govern.
If You Believe Your Card And/Or Code Has Been Lost or Stolen, call or write us at the telephone number or address listed in this disclosure. You should also call the number or write to the address listed in this disclosure if you believe a transfer has been made using the information from your check without your permission. MORE DETAILED INFORMATION IS AVAILABLE ON REQUEST.
NOTICE OF YOUR FINANCIAL PRIVACY RIGHTS
(Go Back To Table of Contents)DELIVERY OF ELECTRONIC DISCLOSURES
Definitions: In this Delivery of Electronic Disclosures Agreement (“Agreement”), the words (a) "you" and "your" means the individual or joint owner of the Account who requests enrollment in the eStatement Service; (b) “MJB,” "we," "our," and "us" means the Morrill & Janes Bank and Trust Company; (c) “Account” means your MJB account(s) with respect to which you have consented to receive electronic Disclosures; (d) “eStatement Service” means electronic delivery of Disclosures with respect to your designated Account; (e) “Account Agreement” means the written agreement, and all related disclosures, you were given when you opened your Account; and (f) “Disclosures” means disclosures or information (such as periodic statements on your Account) which we are required to send to you under applicable law and/or which we are required or permitted to send you under this Agreement or any Master Agreement (as defined below).
Electronic Delivery of Statement and Notices: You have options for the delivery of Disclosures for each Account you maintain at MJB. If you request to enroll in the eStatement Service, you understand and agree that you will no longer receive paper Disclosures, and instead you will access, view, print, or download Disclosures onto your computer through your authenticated login to the Personal eBanking system.
Your Consent Is Required: You may enroll in the eStatement Service for each Account you designate. You may not complete your enrollment until you acknowledge you have read, understand, and agree to the terms of this Agreement.
Agreement Acceptance: When you click "I Agree" on the eStatement enrollment screen you agree that:
A. You have requested that we make Disclosures available to you electronically. This means we will send a notice to your email address that Disclosures are available for viewing and a link to the Disclosures.
B. If you have more than one Account with us, you will need to select the eStatement delivery method for each Account.
C. You are responsible for maintaining a valid email address and that you will notify us each time you change your email address so that we may continue to send your Disclosures electronically. You may change the email address at any time through the Personal eBanking service.
D. If we are unable to deliver email to you due to an inaccurate email address and we are unable to contact you to get a correct email address, your Disclosures will be mailed to your physical address of record and your enrollment in the eStatement service will be canceled.
E. Notices (such as renewal, termination, maturity, delinquency, approval, requests for additional information, change of terms, overdraft, and other notices); disclosures (e.g. initial, periodic, annual, adverse action, and other disclosures); privacy statements; marketing materials and service notifications may be provided to you through the eStatement Service. Disclosures will remain available online for not less than eighteen months after the date they were made available to you.
F. Except as expressly provided in this Agreement, your participation in the eStatement Service does not change your rights and obligations related to your use of the Personal eBanking service or your Account, as described in the Personal eBanking Terms and Conditions (“the T&Cs”) and the Account Agreement, as amended by us from time to time (such agreements, the "Master Agreements"), and any other agreements and disclosures relevant to your Account, including, without limitation, any fees disclosed therein.
G. When any provision of a Master Agreement includes a time period stemming from your receipt of a Disclosure from us, such time period shall start or end, as applicable, on the date that we send to your personal Internet email address a notice that Disclosures are available for viewing (provided, that, if such email is undeliverable, such time period shall start or end, as applicable, on the date that we deliver paper Disclosures to you in accordance with this Agreement).
H. If this Agreement is inconsistent with any of the terms and conditions contained in the Master Agreement, the terms and conditions of this Agreement shall control with respect to the eStatement Service.
I. Except (i) in the case of undeliverable email, (ii) in the case of your withdrawal of your enrollment in the eStatement Service, and (iii) upon your express request, as described below, after your enrollment in the eStatement Service becomes effective, you will no longer receive paper copies of your Disclosures.
J. Each of your Disclosures will be delivered as an Adobe PDF file. You will need Adobe Acrobat Reader (version 4.0 or higher) to access, retain, and print a PDF file. If you do not have Adobe Reader, you may download it for free at www.adobe.com.
K. We may change the T&Cs from time to time by sending notice of such changes to you. You agree that the first time you log on to the Personal eBanking service after you receive the notice shall constitute your agreement to such changes.
Withdrawal of Consent to Electronic Delivery: If at any time you wish to withdraw your consent to electronic delivery of your Disclosures, you will need to contact us via email from the Personal eBanking system or call us at the phone number shown in the “MJB Contact Information” paragraph below. Disclosures issued after we receive your withdrawal and have a reasonable time to act on such notice will be mailed to your physical address of record.
Right to Amend or Cancel the eStatement Service: We reserve the right, upon notice, to amend or restrict the conditions of your participation in the eBanking Service from time to time, including enlargement or restriction of services available though the eStatement Service. Your use of the eStatement Service after any change will indicate your agreement to the change and affirm your consent to continued participation in the eStatement Service. We will make available to you electronically a copy of any amendments when required by applicable law. We have absolute discretion to make the eStatement Service available to you and reserve the right to terminate this Agreement and your access to the eStatement Service without notice, in whole or in part, at any time, including but not limited to when you have not logged in to use eBanking services for over 180 days.
Acceptance of eStatement Agreement and Consent to Receive Electronic Disclosures: When you click on the "I Agree" button below, you will have electronically signed this Agreement and the T&Cs. Your electronic signature indicates your consent to be bound by the terms of this Agreement and the T&Cs and to receive Disclosures electronically and acknowledgment that you have the necessary software and hardware to view, save, and print PDF files. If you select the "Cancel" button below, your enrollment in the eStatement Service will be discontinued, you will not be enrolled, and you will not receive Disclosures electronically.
Requesting a Paper Copy of Disclosures: If you would like to receive a paper copy of any Disclosure, please contact us by any of the methods identified in the “MJB Contact Information” paragraph below. You agree that we may charge to any of your Accounts the fee identified in the rate and fee schedule each time we send you a paper copy of a Disclosure.
MJB Contact Information: You may contact us by emailing us through the Personal eBanking service, by calling (913) 384-8290, or by contacting us at 6740 Antioch, Merriam, KS 66204.
(Go Back To Table of Contents)|
Description of Transaction |
Limits - Fees |
|---|---|
|
ATM Card (maintenance) annually, after one year |
$ 10.00 |
|
ATM Card replacement, per card |
$ 10.00 |
|
ATM Fee (per transaction) ATM owned by Morrill & Janes Bank ATM US Domestic Bank ATM International |
FREE $ 1.50 $ 5.00 |
|
Visa Check Card and Visa HSA Check Card annual fee (availability is subject to Bank approval) |
FREE |
|
Visa Check Card and Health Savings ATM Fee, per transaction: ATM owned by Morrill & Janes Bank ATM US Domestic Bank ATM International |
FREE $ 1.50 $ 5.00 |
|
Visa Check Card and Visa HSA Check Card replacement, per card |
$ 10.00 |
|
Visa Check Card and Visa HSA Check Card reorder PIN Number |
$ 5.00 |
|
Visa Check Card and Visa HSA Check Card purchase (Point of Sale Transactions) |
FREE |
|
International Currency Conversion Fee – all Check, Savings, & ATM cards |
0.2% |
|
International Cross-Border Transaction Fee – all Check, Savings, & ATM cards |
0.8% |
|
Dollar Limit Cash Withdrawal - all Check, Savings, & ATM cards |
$300.00 / day |
|
Dollar Limit Total Transactions - all Check, Savings, & ATM cards – subject to approval |
$2,500.00 / day |
|
Automatic Transfer between MJB accounts (excludes limited transaction accounts) |
FREE |
|
Direct deposit to checking or savings |
FREE |
|
Preauthorized withdrawal from checking or savings (excludes limited transaction accounts) |
FREE |
|
Check printing – Fee depends on style of check ordered |
Various |
|
Deluxe Gift Card – Purchased in Branch |
$ 3.50 |
|
Money orders / Cashiers Checks |
$ 5.00 |
|
Traveler’s checks |
$ 1.00 per $ 100.00 |
|
Traveler’s checks for two |
$ 1.50 per $ 100.00 |
|
NSF Paid Item or NSF Returned Item Fees, per item The categories of transactions for which an overdraft fee may be imposed are those by any of the following means: check, in person withdrawal, ATM withdrawal, or other electronic means. |
$ 22.00 |
|
Overdraft Fees, per day – accounts overdrawn more than 3 consecutive business days. (Does not apply to HSA accounts) |
$ 3.00 |
|
Deposited Checks Returned (unpaid) Fee, per item |
$ 6.00 |
|
Account activity printout, each in excess of 3 per month |
$ 2.00 |
|
Special statement cutoff, per account, per month |
$ 3.50 |
|
Additional printed statement, each |
$ 3.50 |
|
Account research (1 hour minimum), per hour |
$25.00 |
|
Account balancing assistance (1 hour minimum), per |
$25.00 |
|
Safekeeping Item Retrieval, per item |
$ 2.00 |
|
Checking Account Monitoring, per month |
$ 15.00 |
|
Microfilm or Image Copies, per page |
$ 2.00 |
|
Telephone transfer from checking or savings, each |
$ 2.00 |
|
ZashPay Person-to-Person payment transaction, each |
$ 0.50 |
|
Personal eBanking (Internet Banking Access) |
FREE |
|
Bill Payment through Personal eBanking |
FREE |
|
Business eBanking |
Various |
|
Stop payment – each item, including paper and electronic |
$ 20.00 |
|
Wire transfer, outgoing Domestic, each |
$ 20.00 |
|
Wire transfer, incoming Domestic, each |
$ 10.00 |
|
International Wire transfer, outgoing – each |
$ 50.00 |
|
International Wire transfer, incoming – each |
$ 15.00 |
|
Garnishments / Levies, each |
$ 10.00 - $ 50.00 |
|
Collection Item, Domestic (does not include transportation costs) |
$ 20.00 |
|
Collection item, International |
$ 50.00 |
|
Indemnity Bonds |
$ 15.00 |
|
Check Cashing for Non-Customer, does not include any extraordinary expenses |
$ 5.00 |
|
Inactive Account monthly inactive fee Inactive account is defined as no checks, withdrawals, or deposits for 12 months, and the monthly average collected account balance is less than $1,000.00. (Does not apply to HSA accounts) |
$ 5.00 |
|
Dormant Account monthly inactive fee Dormant account is defined as Bank has lost communication with the customer or the account has been inactive for 10 years, whichever occurs first. (Does not apply to HSA accounts) |
$ 5.00 |
|
Night Depository Bag Fee |
$ 25.00 |
|
Night Depository Refundable Key Deposit |
$ 10.00 |
|
Foreign Currency orders, per order |
$ 10.00 |
|
Non-HSA accounts closed within 90 days of opening |
$ 20.00 |
|
Health Savings Account closing fee |
$ 30.00 |
|
Zipper Bag Fee |
$ 10.00 |
|
Late Fee on Invoice Service Fees (Applied on service fees not paid within 30 days of invoice) * This fee applies only to business accounts that are not directly service charged for transaction and other banking fees. |
1.5%* |
