Farmers State
Bank of Madelia, Inc.
Agreement, Terms and Conditions
Welcome to iezpay internet bill payment at
Farmers State Bank of Madelia, Inc.!
General Information
This Agreement and Disclosure discusses how you can use iezpay to electronically initiate account transactions involving your accounts. By signing an application and enrollment form you agree to the terms and conditions of this agreement. Please read this agreement carefully. You may print a copy of this agreement for your records.
We may, from time to time, introduce new On-line Financial Services. By using those services when they become available, you agree to be bound by the terms contained in this agreement, and its subsequent amendments. The terms and conditions of this agreement are cumulative with and in addition to any terms of the signature cards or account agreements for your deposit accounts(s), the applicable account disclosures, Funds Availability Schedule, the Bank’s Electronic Funds Transfer Agreement and Disclosure Statement, the agreements governing the Credit Accounts, and the Application, as all may be amended from time to time.
Meaning of Terms
“You” and “your(s)” refer to each person (including any business) who applies to use the Service, and each person who uses the Service with the permission of an applicant. “Business” means any corporation, partnership, limited liability company, sole proprietorship or any other type of entity maintaining a deposit account for commercial purposes.
“We”, “us”, “our(s)”, “institution” or “bank” refer to the Farmers State Bank of Madelia, Inc.
“Business Day” means any day on which the office of the financial institution is open to the public for carrying on substantially all business functions, generally, Monday through Friday, except holidays.
Security
Further you agree:
- Not to give out your identifying information such as your password to any other person. The bank may rely on your Access ID to identify you when providing banking services to you.
- Never leave your account information displayed in an area accessible to others.
- Always exit the system by clicking exit after using iezpay.
- You can only access iezpay with certain browsers that have a high security standard.
- You must have a valid Access ID and Password issued by institution to login.
- To notify Farmers State Bank of Madelia, Inc. at (507)642-3251 or write to us at PO Box 188, Madelia, MN 56062, immediately if you suspect that your Access ID or password has become known to any unauthorized person or someone has transferred money without your permission.
Requirements
In order to use iezpay, you must provide your own personal computer. You must also provide the type of telephone service and internet access required by
iezpay. You are and will remain solely responsible for the purchase, hook up, installation, loading, operation and maintenance of the Hardware, Software, Telephone service and Internet service to your personal computer, and all related costs. You are responsible for scanning your hardware for computer viruses and other related problems before you use them.
Institution is not responsible for any losses, errors, injuries, expenses, claims, attorney’s fees, interest or other damages, whether direct, indirect, special, punitive, incidental or consequential, caused by internet banking or in any way arising out of the installation, use or maintenance of your personal computer hardware or software, including any software provided by institution or one if its supplies. In addition, institution disclaims any responsibility for any electronic virus(es) customer may encounter after installation of such software of use on
iezpay internet bill payment. Without limiting the foregoing, neither institution nor its suppliers shall be liable for any:
- Failure to perform or any losses arising out of an event or condition beyond their reasonable control, including but not limited to communications breakdown or interruption, acts of God or labor disputes;
- The loss, confidentiality or security of any data while in transit via the internet, communication lines, postal system or ACH network. Institution and its suppliers provide internet banking from their own sites and they make no representation or warranty that any informational material or functions included in internet banking appropriate for use by you in your jurisdiction. If you choose to use iezpay internet bill payment, you do so on your own initiative and are solely responsible for compliance with applicable local laws and regulations. Neither institution or its suppliers warrant accuracy or completeness of any information provided as part of internet banking or contained in third party sites linked to or from institution’s web site.
Restrictions
You may not appropriate any information or material that violates any copyright, trademark or other proprietary or intellectual property rights of any person or entity while using
iezpay internet bill payment. You may not gain access to any internet banking and/or on-line server, network or data not specifically permitted to you by institution or its suppliers, and you must not include any obscene, libelous or scandalous content in any communications with institution or its suppliers.
Personal Identification Number (PIN)
Your PIN will give you access to accounts via iezpay internet bill payment. Bank is entitled to act on any instructions it receives using your PIN. You are responsible for keeping your PIN and account data confidential. When you give someone your PIN, you are authorizing that person to use
iezpay internet bill payment. You are responsible for all transactions performed using your PIN, even if you did not intend or authorize them. Fraudulence initiated using your PIN will be charged against your account(s).
Accessibility
You may access the accounts through iezpay internet bill payment, 24 hours a day, seven days a week, except however, when bank may perform regular maintenance on our systems or equipment or due to other reasons beyond our control. In addition bank may modify, suspend, or terminate access to your service at any time and for any reason without notice or refund of fees you’ve paid.
You may use iezpay to perform any of the following services designated by you in the application or subsequently added by you as provided below to:
- transfer funds between any deposit accounts;
- make bill payments to an individual or business (payee), review bill payment history and make scheduled bill payment changes;
- submit a loan application form;
- submit a deposit account application form;
- make payments via transfer from any deposit account to any loan account;
- receive and download balance and transaction information;
- review account balance and transaction history for certain bank accounts;
Account Transfers
Account transfers may be made from one deposit account to another, and from one deposit account to a loan account, these types of transactions are referred to in this agreement as “bank transfers”. You authorize us to debit the appropriate deposit account in the amount of any bank transfer. You agree that we may treat any such bank transfer from a deposit account the same as a duly executed written withdrawal, transfer or check and that we may treat any such bank transfer to a account the same as a deposit to a deposit account or payment to a loan account, all in accordance with the terms of this agreement and terms provided in your deposit account agreement(s) with us. There may be certain limits on making bank transfers as set forth by federal law or by the terms of your deposit agreement with us. You agree that we may, without notice or other obligation to you, refuse to make any bank transfer for security reasons or as otherwise expressly provided in this agreement or your deposit agreement with us. No transfer may be made from an account that requires two or more signatures.
Bill Payments
When you sign up for iezpay internet bill payment you will need to designate a checking account with us as your bill payment account. You may authorize new payment instructions or edit previously authorized payment instructions for bill payments that are either periodic and nonrecurring or automatic and recurring. You will need to provide us with the name and address of the payee, your account number with the payee and any other information we require to properly debit your account with us and credit your account with the payee. You can only pay payees with United States addresses. We reserve the right to refuse to make payments to certain persons. If the designated payment day falls on a weekend or holiday, it will be paid on the next business day.
When you transmit a bill payment instruction to us, you authorize us to transfer
funds to make the bill payment transaction from the account you designate. We will process bill payment transfer requests only to those payees designated in
the User Instructions and such payees as you authorize and for whom we have the
proper vendor code number. We will not process any bill payment transfer if the required transaction information is incomplete. Please allow 8 business days for
processing any new or changed bill payment instruction.
If there are insufficient funds in your account to make the bill payment request, we may either refuse to make the payment, make the
payment and transfer funds from any overdraft protection account you have established, or make the
transfer or payment and overdraw your account. In accordance with your deposit account agreement, you are responsible for any non-sufficient funds ("NSF") and
overdraft charges that may apply. We reserve the right to refuse to process payment instructions that reasonably appear to us to be fraudulent or erroneous.
We will withdraw the designated funds from your account for the bill payment transfer by midnight on the date you schedule for payment. We reserve the right to refuse any transaction that would draw upon insufficient or unavailable funds, lower an account
below a required balance, or otherwise require us to increase our required reserve on the account.
It is your responsibility to schedule your bill payments in such a manner that your obligations will be paid on time. You should enter and transmit your bill
payment instructions through iezpay at least 7 business days before the payment due date. You are responsible for any late payments or finance charges that may be imposed as a result of your failure to transmit a timely bill payment authorization. We give payments made through the
iezpay a confirmation number. The stop payment terms found in the deposit account agreement are not applicable to online transactions. If the
payment you wish to stop is made by paper check and we have already paid the
check, it is not possible to stop payment. If we have not already paid a paper check, it may be possible to stop payment. In these
situations, you must comply with the stop payment terms found in the deposit account agreement.
You may cancel or edit a bill payment instruction under certain circumstances. If you discover an error or want to change a payment instruction (i.e. payment
date or payment amount) for a periodic or automatic bill payment you have already scheduled for transmission through
iezpay, you may electronically edit or cancel your payment request through
iezpay. Your cancellation request must be entered and transmitted through
iezpay at least 7 business days before the date the transaction is scheduled to be processed. If we don't receive your instruction to edit or cancel a payment instruction before that time, we may process the transaction. If your request is not entered in a timely manner, you will be responsible for the payment.
You may cancel an automatic recurring (preauthorized debit) payment either orally or in writing. We must receive your oral or written cancellation or
amendment request at least three (3) business days before the next payment is scheduled to be made. You may call us at the telephone number set forth in the
Unauthorized Transfers, Errors or Questions section to make an oral request. You may write to us at PO Box 188, Madelia, MN 56062. If you call, we may require you to confirm your stop payment request in writing within fourteen (14) days after the call. We may charge a fee for each request. If you place an oral or written cancellation or amendment to an automatic (preauthorized) bill payment transaction at least three (3) business days before the payment is scheduled, and we fail to stop the payment, we will
be liable for your actual losses or damages. We are not responsible if you fail to describe the payment exactly.
Account Information
All account information available on iezpay is current as of the end of the preceding business day. At the bank’s discretion we may update account information more frequently during the business day. The information provided to you is subject to change. You will still receive your usual periodic statement of account.
Liability for Unauthorized Access
You are responsible for all transfers and bill payments you authorize under this
Agreement. If you permit other persons to use the iezpay service or your access code, you are responsible for any transactions they authorize or conduct on any of your accounts. However, tell us at once if you believe anyone has used your access code or accessed your accounts through
iezpay without your authorization. Telephoning is the best way of keeping your possible losses down.
Electronic Mail (E-Mail)
Sending E-mail is a good way to communicate with the bank. However, your E-mail is actually sent via your own software and, as a result, is not secure. Because of this, you should not include confidential information in any E-mail to us. Your E-mail transmitted by you may not be delivered to us immediately. If you need to contact us immediately to stop payment, to report an unauthorized access to an account, or for any reason, you should call (507) 642-3251 or write to us at PO Box 188, Madelia, MN 56062. No bank transfers are permitted via E-mail. All such bank transfers and transactions must be initiated using the appropriate functions within the internet banking site. Bank will not be liable for any errors, omissions, claims or problems of any kind involving your E-mail.
Fees and Charges
There are certain charges for iezpay in our deposit account disclosure. From time to time, the charges may be changed. We will notify you of any changes as required by law.
Periodic Statements
Transfers, withdrawals, and bill payments transacted through iezpay will be recorded on your monthly periodic statement.
Consumer Liability
Notify us at once if you believe your user ID and/or password has been lost or stolen. 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 notify us within two business days after learning of the loss or theft of your user ID and/or password, your liability shall not exceed the lesser of $50 or the amount of unauthorized transfers that occur before notification to us.
If you fail to notify us within two business days after learning of the loss of your User ID and/or password, you liability shall not exceed the lesser of $500 or the sum of $50 or the amount of unauthorized transfers that occur within the two business days, whichever is less; and the amount of unauthorized transfers that occur after the close of two business days and before notice to the institution, provided the institution establishes that these transfers would not have occurred had you notified us within that two day period.
If you find an unauthorized transfer(s) on a periodic statement, you must report the unauthorized transfer to us within 60 days of the statement to avoid liability for subsequent transfers. If you fail to do so, your liability shall not exceed the amount of the unauthorized transfer(s) that occur after the close of the 60 days and before notification to us, and that we establish would not have occurred had you notified us within the 60 day period.
If your delay in reporting unauthorized transfers was due to extenuating circumstances, we may extend the time specified above.
Unauthorized Transfers, Errors or Questions
If you think your statement is wrong or if you need more information about a transfer listed on your statement, notify us as soon as you can. We must hear from you no later than 60 days after you receive the first statement on which the problem or error appeared.
Telephone us at:
(507) 642-3251
Write us at:
PO Box 188
Madelia, MN 56062
- Tell us your name and the account number;
- 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 questions in writing within 10 days.
We will tell you the results of our investigation within 10 business days after we hear from you and will correct any errors promptly. If we need more time, however, we may take up to 45 days to investigate your account. If we decide to do this, we will credit your account within 10 business days 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.
If we decide that there was no error, we will send you a written explanation within 3 business days after we complete our investigation. You may ask for copies of the documents we used in our investigation. If a notice of error involves an electronic fund transfer that occurred within the first thirty (30) days after receiving the first deposit to the account, the applicable time periods for action shall be twenty (20) business days. If a notice of error involves an electronic fund transfer that was begun in a foreign country, or occurred within thirty (30) days after the first deposit to the account was made, the time period for action will be ninety (90) calendar days.
Disclosure of Information
We will not disclose any information about your account except:
- Where it is necessary for completing transfers;
- In order to verify the existence and condition of your account for a third party, such as a merchant or credit bureau;
- In order to comply with a subpoena, search warrant to the order of a government
agency or court; - In connection with examination by state and federal banking authorities;
- If you give us your written permission to do so.
Changes in Terms
It may prove necessary from time to time to change the terms and conditions that apply to your account, including the terms on which electronic fund transfers may be used. Unless immediate change is necessary in order to insure the security of our electronic fund transfer system or your account we will give you written notice at least 21 days before the effective date of any change that we make if that change would result in increased charges or liabilities for you, if it would decrease the number of services available to you or if it would place stricter limitation on the frequency or amount of transfers that you are permitted to make.
Assignment
We reserve the right to assign our rights and delegate our duties
under this Agreement to a company affiliated with us or any other company.
Termination
If you close all your accounts at bank, you will no longer be able to use the iezpay internet banking service. Particular electronic fund transfers services may be terminated even though your accounts remain open. You may terminate by calling or writing us at the telephone number or address specified in the paragraph entitled “Unauthorized Transfers, Errors or Questions”.
Indemnification
Customer shall indemnify, defend and hold harmless institution and its officers, employees, directors, suppliers and agents, in their individual capacities or otherwise, from and against and losses arising out of:
- Customers negligence;
- Customers failure to comply with applicable law;
- Customers failure to comply with the terms of this agreement.
Assignment
Institution may assign its rights and/or delegate all or a portion of its duties under this agreement to a third party. You may not assign all or any part of your rights or obligations under this agreement without our prior written consent, which may be withheld at our discretion.
Agreement to These Terms and Conditions
Your registration for iezpay internet banking confirms your agreement to be bound by all the terms and conditions of this agreement and your acknowledgement that you received and understand the terms of this agreement.
 Member FDIC |
Farmers State Bank of Madelia
bank@madelia.com Terms
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