Untitled Document

Kasson State Bank
203 West Main
Po Box 187
Kasson, MN 55944-187
Phone: (507) 634-7022

Electronic Fund Transfers
Your Rights and Responsibilities

Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which may apply to your account. Please read this disclosure carefully because it tells you your rights and obligations for the transactions listed. You should keep this notice for future reference.

Types of Transactions
MasterCard® Debit Card transactions - You may access your account(s) by ATM at Kasson State Bank Drive-Up Facility 502 S Mantorville Ave. using your MasterCard Debit Card and personal identification number (PIN) to:

withdraw cash from checking and savings
transfer funds from checking to savings
transfer funds from savings to checking

Some of these service may not be available at all terminals.
MasterCard® Debit Card point-of-sale transactions -
You may access your checking accounts(s) by debit card to:

purchase goods in person or by phone
pay for services in person or by phone
get cash from a participating merchant or financial insitution.
Do any transaction that can be made with a credit card
Visa card mat not be used for any illegal

Transaction Advisory against illegal use - You agree not to use your card(s) for illegal gambling or other illegal purposes. 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.

Limits and Fees
The following fees may be assessed against your account and the following transaction limitations, if any, apply to your account:
ATM transactions using INSTANT CASH AND CHECK:

You may take no more the $209.00 in ATM cash from your account per day unless larger limit is approved by the bank. $1.00 fee per transaction at Non-Instant Cash machines.

Point-of-sale (debit card) transactions:

$1.00 per month (service charge)
You may make no more than $500.00 in point-of-sale transactions per day unless a larger limit is approved by the bank.
$5.00 (card replacement fee)

Miscellaneous:

$20.00 per overdraft or insufficient funds item

Except as indicated elsewhere, we do not charge for or limit these 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.)

Foreign Currency Conversion
When you use your card at a merchant that settles in currency other then 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 government-mandated rate of the wholesale market rate in effect the day before the processing date, increase by 1%.

Termination
You may terminate the electronic fund transfer agreement by giving us written notice. We may terminate the electronic funds transfer agreement by giving you written notice.

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.

Periodic statements:

You will get a monthly account statement from us for your checking account(s).
You will get a quarterly account statement from us for your savings account(s), if the only electronic transfers to or from the account are preauthorized credits.

Financial Institution's Liability
Liability for failure to make transfers - If we do not complete a transfer to or from your account on time 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 limits.
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.

Unauthorized Transfers
(a) Consumer liability. (1) 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 your maximum overdraft line of credit). We will be liable for all unauthorized transfers unless the unauthorized transfer was due to the loss of 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 then $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 discovered 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 can prove that we could have stopped someone from taking the money it you have 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. (2) Additional Limits on Liability for VISA ® - branded card, when used for point-of-sale transactions. You will not be liable for any unauthorized transaction using your lost of stolen VISA ® - branded card, when used for point-of-sale transactions, if you report the loss or theft of your card within 2 business days of when you discover the loss or theft of the card. If you do NOT tell us within 2 business days, your liability is the lesser of $50 or the amount of money, property, labor, or service obtained by the unauthorized use before notification.

(b) Contact in the event of an 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 in this disclosure.

Right to Bring Civil Action
You may bring a civil action against any person violating any provision of Minnesota Statues section 47.69 (governing consumer privacy and unauthorized withdrawls). 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 sots and reasonable attorney's fees.

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 by means other than through the use of a terminal.

Time Needed to Complete Terminal Transactions

Withdrawls made at a terminal will normally be completed and charged to your account immediately.
Transfers between accounts will normally be completed immediately.
Payments made at a terminal will normally be completed immediately.

Error Resolution Notice
In case of Errors or Questions About Your Electronic Transfers, Call or Write is at the telephone number or address listed in this disclosure, 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 (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 (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 you complaint or question in writing and wee do not receive it within 10 business days, we may not credit your account. Your account is considered a new account for the first 30 days after the first deposit is made, unless each of you already has an established account with us before the 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.
If you have inquires regarding your account, please contact us at:

Kasson State Bank
203 West Main
Po Box 187
Kasson, MN 55944-187
Business Days:
Monday, Tuesday, Wednesday, Thursday, and Friday
Holidays are not included. Saturday's hours are
8:00 a.m. - 12:00 noon at Drive-Up Facility only.
PHONE: (507) 634-7022 or (507) 634-4141

Other Information
If you card is lost or stolen call this number at once
1-800-535-8440

Notice Of ATM/Night deposit Facility User Precautions
As with all financial transaction, please exercise discretion when using an automated teller machine (ATM) or night deposit facility. For your own safety, be careful. The following suggestions may be helpful.

Prepare for your transaction at home (for instance, by filing out a deposit slip) to minimize your time at the ATM or night deposit facility.
Mark each transaction in your account record, but not while at the ATM or night deposit facility. Always save your STM receipts. Don't leave them at the ATM or night deposit facility because they may contain important account information.
Compare your records with the account statements you receive.
Don't lend your ATM card to anyone.
Remember, do not leave your card at the ATM. Do not leave any documents at a night deposit facility.
Protect the secrecy of your Personal Identification Number (PIN). Protect your ATM card as though it were cash. Don't tell anyone your PIN. Don’t give anyone information regarding your ATM card or PIN over the telephone. Don't write your PIN where is can be discovered. For example, don't keep a note of your PIN in your wallet or purse.
Prevent others from seeing you enter your PIN by using your body to shield their view.
If you lose your ATM card or if it is stolen, promptly notify us. You should consult the other disclosures you have received about electronic fund transfers for additional information about what to do if your card is lost or stolen.
When you make a transaction, be aware of your surroundings. Look out for suspicious activity near the ATM or night deposit facility, particularly if it is after sunset. At night, be sure that the facility (including the parking area and walkways) is well lighted. Consider having someone accompany you when you use the facility, especially after sunset. If you observe any problem, go to another ATM or night deposit facility.
Don't accept assistance from anyone you don't know when using an ATM or night deposit facility.
If you notice anything suspicious of it any other problem arises after you have begun an ATM transaction, you may want to cancel the transaction, pocket your card and leave. You might consider using another ATM or coming back later.
Don't display your cash; pocket it as soon as the ATM transaction in completed and count the cash later when you are in the safety of your own car, home or other secure surrounding.
At a drive-up facility, make sure all the car doors are locked and all of the windows are rolled up, except the driver's window. Keep the engine running and remain alert to your surroundings.
We want the ATM night deposit facility to be safe and convenient for you. Therefore, please tell us if you know of any problem with a facility. For instance, let us know if a light is not working or there is any damage to a facility. Please report any suspicious activity or crimes to both the operator of the facility and the local law enforcement officials immediately.