First International Bank & Trust

 

ELECTRONIC FUNDS TRANSFERS
Your Rights and Responsibilities

The Electronic Fund Transfers we are capable of handling for consumers are indicated below, some of which may not apply to your account. Some of these may not be available at all terminals. Please read this disclosure carefully because it tells you your rights and obligations for these transactions. You should keep this notice for future reference.

TYPES OF TRANSFERS, FREQUENCY AND DOLLAR LIMITATIONS
Prearranged Transfers:
Preauthorized credits. You may make arrangements for certain direct deposits to be accepted into your checking and/or savings account(s).
Preauthorized payments. You may make arrangements to pay certain recurring bills from your checking and/or savings account(s).

Telephone Transfers: You may access your account(s) by telephone at 1-800-359-8092 using a touch tone phone, your account numbers, and personal identifying information to:
  • Transfer funds from checking to savings
  • Transfer funds from savings to checking
  • Transfer funds from Money Market to checking
  • Transfer funds from Money Market to savings
  • Make payments from checking to loan accounts with us
  • Make payments from savings to loan accounts with us
  • Get checking account(s) information
  • Get savings account(s) information
  • Get loan and First Reserve account(s) information
  • Get Credit Card information at 1-800-423-7503

 

ATM Transfers: You may access your account(s) by ATM using your CashCard or Check & CashCard and personal identification number to:

  • Get cash withdrawals from checking accounts you may withdraw no more than $500.00 per day.
  • Get cash withdrawals from savings accounts you may withdraw no more than $500.00 per day
  • Transfer funds from savings to checking
  • Transfer funds from checking to savings
  • Get checking account(s) information
  • Get savings account(s) information
  • Make Credit Card cash advances
  • Make deposits to checking accounts
  • Make deposits to savings accounts
For security reasons, there are other limits on the number of transfers you can make through our ATM terminals.

Point of Sale Transactions: Using your card:

You may access your checking account to purchase goods in person, by phone, by computer, pay for services in person, by phone, by computer, get cash from a merchant, if the merchant permits, or from a participating financial institution, and do anything that a participating merchant will accept.

You may not exceed more than $1,000.00 in transactions per day.

If you conduct a transaction with the ATM/Debit card in a foreign country, there will be an international service assessment or an international currency conversion fee of up to one percent (1%) of the transaction amount that will be included in the transaction that appears on your monthly statement.

Computer Transfers: You may access your account (s) by computer at www.firstintlbank.com and using your account numbers, your Access ID and password to:
  • Transfer funds from checking to savings
  • Transfer funds from savings to checking
  • Transfer funds from Money Market to Checking
  • Transfer funds from Money Market to Savings accounts
  • Make payments from checking to loan accounts with us.
  • Make payments from Savings to a loan account with us.
  • Get checking account (s) information
  • Get savings account (s) information
  • Get loan and First Reserve account (s) information
  • Authorize payments to others through Bill Pay or Popmoney (See General Limitations on page 2).

Mobile Banking Transfers:  You may access your account(s) by web-enabled mobile phone by going to http://www.firstintlbank.com/ or FIB&T mobile app and using your access ID and password to:

  • Transfer funds from checking to savings
  • Transfer funds from savings to checking
  • Transfer funds from money market to checking
  • Transfer funds from money market to savings
  • Make payments from checking to loan accounts with us
  • Make payments from savings to loan accounts with us
  • Get checking account information
  • Get savings account information
  • Get loan and first reserve account information
  • Authorize payments to others through bill pay or Popmoney  (See General Limitations on page 2).
  • Make a remote check deposit to your checking or savings account.  You may not exceed $500 in deposits per day for an account opened 30-90 days or $1,000 per day for an account opened 91 days or more unless other lmits have been assigned.

A mobile device with a valid phone number, a WAP browser with communication to the internet, and the ability to receive text messages is required.  You may be charged access fees by your cell phone provider based on yor individual plan.  Web access is needed to use this service.  Check with your cell phone provider for details on specific fees and charges.

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 one-time occurrences or may recur as directed by you. These transfers may use the Automated Clearing House (ACH) or other payment 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:

Electronic Check conversion: You may authorize a merchant or other payee to make a one-time electronic payment from your checking account using information from your check to pay for purchases or pay bills. You may:

Make payments by electronic check from a checking account.

Electronic Returned Check Charge: You may authorize a merchant or other payee to initiate an electronic fund transfer to collect a charge in the event a check is returned for insufficient funds. You may:

Make electronic payment of charges for checks returned for insufficient funds from a checking account.

Money Market and Savings Accounts are limited to 6 payments by electronic check and/or electronic payment of charges for checks returned for insufficient funds.

General Limitations: In addition to those limitations on transfers elsewhere described, if any, the following limitations apply:

Transfers from a Money Market or Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to 6 with no more than 6 transfers by check or card or similar order to third parties. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the financial institution.

If limits are repeatedly exceeded, we are required to change your account type or remove the account's transfer and draft capabilities.

PopMoney requires a minimum transfer of $5. 

Bill Pay requires a minimum transfer of $1.00

For security reasons, there are other daily and monthly limits on the number and amount of transfers you can make through PopMoney.

Fees:

We charge $.50 for each person to person payment to our customers whose accounts are set up to use PopMoney.

We charge $14.95 for each overnight payment and $10.00 for each same-day payment made through Bill Pay.

Except as indicated above, we do not charge for 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).

Documentation:

Terminal Transfers. You can get a receipt at the time you make a transfer to or from your account using a(n)

  • Automated Teller machine
  • Point-of-sale terminal.
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, you can call us at the telephone number listed below to find out whether or not the deposit has been made.
In addition, you will get a monthly account statement from us, unless there are no transfers in a particular month. In any case you will get a statement at least quarterly.

Preauthorized Payments:
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's how:

Call or write us at the telephone number or address listed in this disclosure, in time for us to receive your request 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 14 days after you call.

We charge $30.00 per item/ $60.00 per range of items for each stop payment.

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 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.

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:

If, through no fault of ours, you do not have enough money in your account to make the transfer.
If the transfer would go over the credit limit on your overdraft line.
If the automated teller machine where you are making the transfer does not have enough cash.
If the terminal or system was not working properly and you knew about the breakdown when you started the transfer.
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.

Confidentiality We will disclose information to third parties about your account or the transfers you make:
  • Where it is necessary for completing transfers; or
  • In order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant; or
  • In order to comply with government agency or court orders; or
  • If you give us written permission.
  • As explained in the separate Privacy Disclosure.
  • Check & Cashcard

Unauthorized Transfers
Consumer Liability:
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 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 and/or code, you can lose no more than $50.00 if someone used your card and/or code without your permission. Also, if you do NOT tell us within 2 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 $500.00. 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.

VISA® Card Debit. Additional limits on liability for Check & CashCard. 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. Visa is a registered trademark of Visa International Service Association.

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 at the end of this disclosure. You should also call the number or write to the address listed at the end of this disclosure if you believe a transfer has been made using the information from your check without your permission.

Error Resolution Notice. In case of errors or questions about your electronic transfers, call or write us at the telephone number or address listed below, 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.

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

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.

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 (5 business days if involving a Visa® transaction or 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 (5 business days if involving a Visa transaction or 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. An account is considered a new account for 30 days after the first deposit is made, if you are a new customer. 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.

Additional Terms:

  • We charge a $10 Paid Overdraft Item Fee for each item that would create an overdraft or non-sufficient funds balance on your account that we choose to pay at our discretion.
  • We charge a $10 Returned Item Fee for each item that would create an overdraft or non-sufficent funds balance on your account that is returned.
  • We also charge a $10 Continuous Overdraft Balance Fee each 7th calendar day the account remains overdrawn. If the 7th day is a non-processing day (Saturday, Sunday, or a Holiday), the fee will be assessed to the account on the business day prior to the non-processing day.
  • An overdraft or non-sufficient funds or negative balance may result from the (1) payment of checks, in-person withdrawals, other electronic funds transfers, or other withdrawal requests you initiate; (2) payments authorized by you; (3) return of unpaid items you deposited; (4) charging your account for our applicable service charges and fees; or (5) deposit of items to your account which according to our funds availability policy, are treated as not yet "available" or "finally paid".

ADDITIONAL INFORMATION:

ATM:  Means the Automated Teller Machine

When an ATM transaction results in an advance from the First Reserve Loan to the checking account, the amount advanced and the balance on the First Reserve Loan will be charged interest.

Non-Visa Debit Transaction Processing
Effective 01/01/09, if you do not enter a PIN when using your Visa Check Card at certain merchant locations, the transaction may be processed as either a Visa check Card transaction or a transaction on the Star, Exchange, or Cirrus Network.  Should you choose to make a transaction WITHOUT A PIN, different terms may apply and you WILL NOT BE ELIGIBLE for rewards accrued on transactions processed over the Visa network and the provisions of your cardholder agreement that speciffically relate to Visa transactions are inapplicable to non-visa debit transactions.
Our business days are Monday through Friday, Holidays are not included.

First International Bank & Trust
PO Box 607
Watford City ND  58854

1-800-359-8092 

                                                                                                                           06.14

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First International Bank & Trust © 2014
100 North Main
Watford City, North Dakota 58854
1-800-359-8092 webmaster@firstintlbank.com
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