In Case of Errors or Questions About Your Electronic Transfers

Telephone or write us at the telephone number or address located on the front of this statement 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 sixty (60) days after we sent you the FIRST statement on which the error or problem appeared.

1)        Tell us your name and account number (if any).

2)        Describe the error on the transfer you are unsure about, and explain as clearly as you can why you believe there 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 ten (10) business days.

We will determine whether an error occurred within ten (10) business days (twenty (20) business days if the notice of error involves an electronic transfer to or from the account within thirty (30) days after the first deposit 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) days (ninety (90) days if the notice of error involves an electronic funds transfer that:  (1) was not initiated within a state; (2) resulted from a point-of-sale debit card transaction; or (3) occurred within thirty (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 credit your account within ten (10) business days (twenty (20) business days if the notice of error involves an electronic fund transfer to or from the account within thirty (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 question in writing and we do not receive it within ten (10) business days, we may not credit your account.

        If we determine there was no error, we will send you a written explanation within three (3) business days after we finish our investigation.  You may ask for copies of the documents we used in our investigation.

 

Your Checking Reserve Account Summary of Rights Is Outlined Below

      This is a summary of your right; a full statement of your rights and our responsibilities under the Federal Fair Credit Billing Act will be sent to you both upon request and in response to a billing error notice.

      Your Checking Reserve Account is operated in conjunction with your Demand Deposit Account.  Any charges for your checking account will be made to the Demand Deposit Account and they will be the same charges as are made for Demand Deposit Accounts not operated in conjunction with Checking Reserve Accounts.  The following information thus applies only to loans made to you under your Checking Reserve Account line of credit.

 

What To Do If You Think You Find A Mistake On Your Statement

If you think there is an error on your statement, write to us at the address located on the front of this statement.  You may also contact us on the Web:  www.midwestbank.com

 

In your letter, give us the following information:

·        Account information:  Your name and account number

·        Dollar amount:  The dollar amount of the suspected error

·        Description of Problem:  If you think there is an error on your bill, describe what you believe is wrong and why you believe it is a mistake.  You must contact us within 60 days after the error appeared on your statement.

 

You must notify us of any potential errors in writing or electronically.  You may call us, but if you do we are not required to investigate any potential errors and you may have to pay the amount in question.

 

While we investigate whether or not there has been an error, the following are true:

·          We cannot try to collect the amount in question, or report you as delinquent on that amount.

·          The charge in question may remain on your statement, and we may continue to charge you interest on that amount.  But, if we determine that we made a mistake, you will not have to pay the amount in question or any interest or other fees related to that amount.

·          While you do not have to pay the amount in question, you are responsible for the reminder of your balance.

·          We can apply any unpaid amount against your credit limit.

Balance Subject to Interest Rate:  We figure the interest charge on your account by applying the periodic rate to the “daily balance” of your account for each day in the billing cycle.  To get the “daily balance” we take the beginning balance of your account each day, add any new purchases, advances, or fees and subtract any unpaid interest or other finance charges and any payments or credits.  This gives us the daily balance.





Balance my Checkbook

Balancing Your Checking Account

You may use this form to assist you in balancing your checking account to your statement.  Please complete all the information for the Statement Balance and Check Register Balance forms, and click the Calculate buttons near the bottom of the page.   When the Balances at the bottom of the page equals each other, (Adjusted Statement Balance and Adjusted Check Register Balance) you have balanced your checkbook!  If the Adjusted Statement Balance and Adjusted Check Register Balance do not equal each other, make sure all the information entered is correct and complete, and calculate and compare balances again.

Statement Balance Form

First Step

Enter Ending Balance of this Bank Statement:


Next Step :
Go through your check copies/stubs or check register and mark off each check listed as paid, as well as deposits and withdrawals, on your statement.  If you have written a check, deposited funds/money, or made withdrawals not listed on your statement, follow the instructions below to complete the fill-in section. Complete this section first.

  • Enter type of transaction (unpaid checks, deposits, and withdrawals) shown in your register and not on your statement.
  • Enter amount of the transaction
  • The BALANCE column is computed for you when you click the CALCULATE button near the bottom of the page  
Transaction Amount Balance
.


Final Step :

Click "Calculate", and your final account balance will be displayed!

Adjusted Statement Balance:

Checkbook Register Balance Form

First Step:

Enter Check Register Balance:


Next Step:
Go through your checkbook register and compare recorded items to your statement.  If ATM transactions, interest, fees/charges, incoming transfers (to your checking account), and outgoing transfers (from your checking account) are not recorded already in your checkbook register, follow the instructions below to complete the fill-in section.

  • Enter type of transaction (ATM, interest, fee/charge, and transfers) shown on your statement and not in your register.
  • Enter amount of the transaction
  • The BALANCE column is computed for you when you click the CALCULATE button near the bottom of the page
Transaction Amount Balance
.


Final Step :

Click "Calculate", and your final book balance will be displayed!

Adjusted Check Register Balance:

The Adjusted Statement Balance and Adjust Check Register Balance should equal each other.   If they equal each other, you have balanced your checking account!  If they do not equal each other, make sure all the information entered is correct and complete, and calculate and compare balances again.