Highland Bank Internet Banking Agreement

 

This Internet Banking Agreement (“Agreement”) for Highland Bank, a Minnesota banking corporation (“Bank”) contains the terms and conditions governing the following on-line services: balance reporting, transfers between accounts, stop payments and address changes.  The accounts that may be accessed via Highland Bank Internet Banking (“Internet Banking”) include checking, savings and loan accounts (“Eligible Account(s).”)  In addition to this Agreement, your accounts shall continue to be governed by the terms and conditions set forth in our most recent “Understanding Your Deposit Account” brochure. 

 

Terms and Conditions

 

Access

To use Internet Banking; you must have at least one (1) Eligible Account with the Bank, access to Internet services and an active e-mail address.  Internet Banking can be used to access only the Eligible Accounts for which you are a signer. 

 

Hours of Accessibility 

Internet Banking is available seven (7) days a week, twenty-four (24) hours a day. Some or all Internet Banking services may be unavailable periodically for testing or installation of upgrades.  Transfers initiated through Internet Banking before 6:00 pm Central Time on a “Business Day” shall be posted to your account on the same day.  “Business Day” means any day except Saturdays, Sundays and Federal Reserve holidays.  Transfers initiated after 6:00 pm Central Time on a Business Day and transfers initiated on days which are not a Business Day, shall be posted to your account on the next Business Day. 

 

Transferring of Funds

You are responsible for ensuring that transfers are executed based on the “available balance” versus the “ledger balance”.  The number of electronic transfers from a savings account is limited to six (6) per statement cycle as described in our most recent “Understanding Your Deposit Account” and/or Savings Account brochure. 

 

Honoring of Transfers

Internet Banking does not require any intervention on the Bank’s part to process transfers, consequently it is your responsibility to ensure that transfers are being executed based on the “available balance” versus the “ledger balance” and that the transfers are valid.  Individuals control security password access to Internet Banking, therefore, the Bank assumes the holder of the password has authorized all transfers.  The Bank shall assume no liability for unauthorized transfers.  

 

Stop Payment Order

Not withstanding any law, rule or regulation to the contrary, you acknowledge that a Stop Payment Order on a check or series of checks initiated through the Internet Banking is binding for a six (6) month time frame from the date of placement.  By accepting this Agreement, you acknowledge you have provided written authorization for all Stop Payment Orders initiated through the Internet Banking.

 

Protecting your Account

Your role in preventing misuse of your account information is extremely important.  In addition to protecting your account information, you should also take precautions to protect your password.  You are responsible for keeping your password and account data confidential.  If you believe your password has become known to others, you should change it immediately.

 

Fees

Fees may apply to Internet Banking services.  Refer to the Electronic Banking Fee Schedule.  The Bank reserves the right to charge for use of uncollected funds if transfers are executed based on ledger balance versus the available balance.  The Bank also reserves the right to charge a fee for functionality that is added in later releases.  The Bank shall notify you in writing regarding any fee changes at least thirty (30) days in advance of the effective date of such changes.

 

Termination

The Bank reserves the right to terminate your Internet Banking privileges under this Agreement without notice to you for any reason, including but not limited to, your failure to comply with the applicable agreements governing your checking, savings or loan accounts or your failure to maintain your accounts in good standing. 

 

You may terminate use of Internet Banking at any time either by calling 952-858-4888 or faxing a termination request to 763-420-3644.   

 

By clicking “Accept”, you confirm your agreement to be bound by all of the terms and conditions of this Agreement and you acknowledge your receipt and understanding of this Agreement.