Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which may not apply to your account.  Please read this disclosure carefully because it tells you your rights and obligations for the transactions listed.

Electronic Funds Transfers initiated by Third Parties. 

You may authorize a third party to initiate electronic funds 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 Clearinghouse (ACH) or other payments network.  Your authorization to the third party to make these transfers can occur in a number of ways.  In some cases, your authorization can occur when the merchant posts a sign informing you of their policy.  In all cases, the transaction will require you to provide the third party with your account number and bank information.  This information can be found on your check as well as on a deposit or withdrawal slip.  Thus, you should only provide your bank 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 funds 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 account(s).

PREAUTHORIZED PAYMENTS: You may make arrangements to pay certain recurring bills from your checking or savings account(s).

Electronic Check conversion. 

You may provide your check to a merchant or service provider who will scan the check for the encoded bank and account information.  The merchant or service provider will then use this information to convert the transaction into an electronic funds transfer.  This may occur at the point of purchase, or when you provide your check by other means such as by mail or drop box.

Electronic returned check charge.

Some merchants or service providers will initiate an electronic funds transfer to collect a charge in the event a check is returned for insufficient funds.

TELEPHONE BANKING TELEPHONE TRANSFERS - TYPES OF TRANSFERS: You may access your account by telephone at (320) 983-1334 or toll-free at 1-877-983-1301, 24 hours a day using your personal identification number, a touch tone phone, and your social security number, to:

• transfer funds from checking to savings
• transfer funds from savings to checking
• transfer funds from savings to savings
• make payments from checking or savings to loan accounts with us (payment must be the exact amount due)
• get information about: the account balance of checking accounts; the last deposit and day posted to checking accounts; the last five debits from checking accounts; the account balance of savings accounts; the last deposit and day posted to savings accounts; the last five debits from savings accounts; or certificates of deposit.

You may make balance inquiries and transfer funds to an unrelated checking account.  Written preauthorization from all parties required.  Please also see "Limitations on frequency of transfers" section regarding limitations that apply to telephone transfers.

Types of authorized Transfer: You may arrange for us to complete the following authorized transfers to your checking account:

• From savings to checking
• From checking to checking
• Ready Transfer does not apply to Money Market Deposit Accounts

Fees and Charges: Funds from your designated account will be transferred automatically in $100 increments to cover the potential overdraft. A $2.00 fee per transfer will apply. Required minimum balance of $50.00 in the savings will be retained. Transfer will not occur if the savings account balance is below this minimum balance.

Other Conditions: All accounts remain subject to their individual terms and conditions, which are not modified by Ready Transfer authorization. If a transfer is made from a savings account, we retain the right to require not less than 7 days written notice of withdrawal. This authorization will remain in effect until terminated by any one of us. You may terminate this authorization by giving us 15 days written notice at the address listed in this disclosure. Notice to any one of us is notice to all of us.

Instant Cash Card

ATM TRANSFERS - TYPES OF TRANSFERS, DOLLAR LIMITATIONS, AND CHARGES: You may access your account(s) by ATM using your Instant Cash Card and your personal identification number or Instant Cash & Check Card and personal identification number, to:

• make deposits to checking account(s)
• make deposits to savings account(s)
• get cash withdrawals from checking account(s) and/or savings account(s) (there is a charge of $.50 per withdrawal at ATMs we do not own or operate)
• transfer funds from savings to checking account(s)
• transfer funds from checking to savings account(s)
• get information about the account balance of your checking account(s) with an ATM card
• get information about the account balance of your savings account(s)

Some of these services may not be available at all terminals.  Please also see "Limitations on Frequency of Transfers" section regarding limitations that apply to ATM transfers.

TYPES OF INSTANT CASH & CHECK CARD POINT-OF-SALE TRANSACTIONS: You may access your checking account(s) to purchase goods (in person), pay for services (in person), get cash from a merchant, if the merchant permits, or from a participating financial institution, and do anything that you can do with a credit card (that a participating merchant will accept with a credit card).

Point-of Sale Transactions – dollar limitations-Using your card:

You may not exceed $_______ in transactions per ______.

Please also see "Limitations on Frequency of Transfers" section regarding limitations that apply to debit card transactions.

CURRENCY CONVERSION.  The rate we use to convert a Visa ® - branded debit card (Card) transaction made in foreign currency to US dollars has changed. Your continued use of the Card acknowledges acceptance of these amended terms. Effective immediately, the Currency Conversion section in the agreement is amended to read as follows:

When you use your Visa-branded 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
• in each instance, plus or minus any adjustment determined by the issuer.

ADVISORY AGAINST ILLEGAL USE. You agree not to use your card(s) for illegal gambling or other illegal purpose.  Display of a payment card logo by, for example, an online merchant does not necessarily mean that transactions are lawful in all jurisdictions in which the cardholder may be located.

LIMITATIONS ON FREQUENCY OF TRANSFERS: In addition to those limitations on transfers elsewhere described, if any, the following limitations apply:

• Transfers from a money market deposit account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle with no more than three by check, draft, or similar order to third parties.
• Transfers from a savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per month with no transfers by check, debit card, or similar order to third parties.
• For security reasons, there are other limits on the number of transfers you can make by ATM.

• For security reasons, there are other limits on the number of transfers you can make by debit card.

TERMINATION:

• You may terminate the electronic fund transfer agreement by written notice to us and returning your card.
• We may terminate the electronic fund transfer agreement by written notice to you.

FEES:

• We do not charge for direct deposits to any type of account.
• We may charge for preauthorized payments from any type of account.  Please refer to the common fees schedule for details.
• We charge $1.50 each month if your account is set up to use the Instant Cash or Instant Cash & Check Card (fee waived if you have four or more POS transactions).
• We will charge you $2.00 for a new Instant Cash or Instant Cash & Check Card personal identification number (PIN).
• We will charge you $10.00 to replace a lost Instant Cash or Instant Cash & Check Card.
• PLEASE refer to our separate common fees schedule for additional information about fees.

Except as indicated elsewhere, we do not charge for these electronic fund transfers.

ATM OPERATOR/NETWORK FEES: When you use an automated teller machine 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 any transfer to or from your account using one of our automated teller machines or point-of sale terminals.
• 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 request to find out whether or not the deposit has been made by calling 320-983-3101.
• Periodic Statements.  You will get a monthly account statement from us, except in the following circumstances: You will get a monthly statement for your Statement Savings Accounts unless there are no electronic transfers in a particular month.  In any case, you will get the 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 by: Call or write us at the telephone number or address listed on this web site 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.  Please refer to our separate fees schedule  for the amount we will charge you for each stop payment order you give.
• Notice of Varying Amounts.  If these regular payments may vary in amount, the party 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 you have an overdraft line and the transfer would go over the credit limit.
• 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; or
• as explained in the separate Privacy Disclosure.

a) Consumer Liability.  (1) Generally. Tell us at once if you believe your card and/or code 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 the maximum overdraft line of credit).  We will be liable for all unauthorized transfers unless the unauthorized transfer was due to the loss or theft of your card and/or code.  If due to the loss or theft of your card and/or code, and you notify us within 60 days of when the unauthorized transfer appears on the statement you can lose no more than $50 if someone used your card and/or code without permission.

If you do NOT notify us within 60 days after the unauthorized transfer appears on your statement, and we prove that we could have stopped someone from using your card and/or code without your permission if you had told us within 2 days of when you discover the loss or theft of your card and/or code, you could lose as much as $500 for unauthorized transfers that appear on the statement.

Also, if your statement shows transfers that you did not make, 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 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 hospital stay) kept you from telling us, we will extend the time periods.

Additional Limits on Liability for Instant Cash & Check Card, when used for point-of-sale transactions.  You will not be liable for any unauthorized transactions using your Instant Cash & Check Card, when used for point-of-sale transactions, if you can demonstrate that you have exercised reasonable care in safeguarding your card from the risk of loss or theft, you have not reported to us two or more incidents of unauthorized use within the prior twelve-month period, and your account is in good standing.  If any of these conditions are not met, your liability is the lesser of $50 or the amount of money, property, labor, or services obtained by the unauthorized use before notification to us. “Unauthorized use” means the use of your debit card by a person, other than you, who does not have actual, implied, or apparent authority for such use, and from which you receive no benefit.  This additional limitation on liability does not apply to PIN-based transactions or transactions not processed by MasterCard.

b) Contact in Event of Unauthorized Transfer.  If you believe your card and/or code has been lost or stolen or that someone has transferred or may transfer money from your account without your permission, call or write us at the telephone number or address listed at this web site.

RIGHT TO BRING CIVIL ACTION: You may bring civil action against any person violating any provision of Minnesota Statutes 47.69 (governing consumer privacy and unauthorized withdrawals).

If you prevail in such an action, you may recover the greater of your actual damages or $500.  You may also be entitled to recover punitive damages, your court costs and reasonable attorney's fees.

TIME NEEDED TO COMPLETE TERMINAL TRANSACTIONS:

• Withdrawals made at a terminal will normally be completed and charged to your account the same business day if made before 3:30 p.m.
• Deposits made at a terminal will normally be credited to your account the same business day if made before 3:30 p.m.
• Transfers between accounts will normally be completed the same business day if made before 3:30 p.m.

POINT-OF-SALE TRANSACTIONS: Payment for goods or services made in this manner shall not affect any of the rights, protections, or liabilities in existing law concerning a cash or credit sale made by means other than through the use of a terminal.  You cannot reverse a point-of-sale transaction.

ERROR RESOLUTION NOTICE: In case of errors or questions about your electronic funds transfers, call or write us at the telephone number or address in this web site, 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 for Instant Cash and Check card point-of-sale transactions and 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 for Instant Cash and Check card point-of-sale transactions and 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, unless each of you already has an established account with us before this 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.