Internet Banking Agreement and Disclosure

Introduction: This Internet Banking Agreement and Disclosure governs your use of Internet Banking. Throughout this web site the Agreement and Disclosure will be referred to as “Agreement.” By using Internet Banking, you agree to all of the terms of this Agreement. Please read it carefully and keep a copy for your records. Internet Banking consists of a series of components that make up an on-line web site that provides viewing capabilities for all the products offered by Peoples Bank.

Fees: There is no charge for Internet Banking.

Definitions: You or Your – The person(s) subscribing to or using Internet Banking. We, Us, or Our – Refers to Peoples Bank and any agent, independent contractor, designee, or assignee Peoples Bank may involve in the provision of Internet Banking.
Business Day – Any calendar day other than Saturday, Sunday, or any holidays recognized by Peoples Bank.

Virus Protection: Peoples Bank is not responsible for any electronic viruses that you may encounter. We encourage our customers to routinely scan their personal computers and diskettes using a reliable virus product to detect and remove any viruses. Undetected or unrepaired viruses may corrupt and destroy your programs, files and even your hardware. Additionally, you may unintentionally transmit the virus to other computers..

Log-On and Security: In order to ensure the security of your accounts, we will end your online session ten (10) minutes after we have detected no activity . This is to protect you in case you leave your computer unattended while you are logged on. Simply re-enter your password and your session will be re-established. Because your password is used to access your account, you should treat it as you would any other sensitive personal data. You should carefully select a password that is hard to guess. (We suggest that you stay away from names, dates, or information that may be easily guessed.) Keep you password safe. Memorize your password and never tell it to anyone. Change your password frequently. This can be done at the beginning of each Internet Banking session.

Balance Inquiries and Transfers: You may use Internet Banking to check the balance of your accounts and to transfer funds between enrolled accounts. According to Federal Regulations, you may not make more than (6) pre-authorized or automatic transfers from your Money Market account or Savings account during a given monthly statement cycle. There are no limits to the number of transfers from you checking accounts. Shown balances of accounts may include deposits subject to verification by us. The balance may also differ from your records due to deposits in progress, outstanding checks or other withdrawals, payments or charges. A transfer request may not result in immediate availability because of the time required to process the request. If you have further questions contact us at (817) 605-3250. The transfer cut off time is 3:00 PM Central Time Zone.

Stop Payments: You can make stop payment requests through the system until 3:00 PM Central Time. These requests will be honored for six (6) months from the date you initiate the request. You may extend this time frame by requesting another order at the time is expires. We must have reasonable and sufficient time to honor your request. You understand and agree that, unless your request is complete and accurate we may not be able to honor your request, or stop payment of the item. You are also responsible for verifying if the check has already been paid. The system allows current and previous statements only, anything before this period is your sole responsibility. You agree to hold us harmless from and against any claim arising in connection with our refusal to pay such item. You further agree not to hold us responsible should the item be paid through inadvertence, accident or oversight, or if by reason of such payment other items drawn by you are returned insufficient. The appropriate fee will be assessed for each request.

Notice of Your Rights and Liabilities: Notify us immediately if your password has been lost or stolen. Failure to notify us immediately could result in the loss of all money accessible by the password. If we are notified within two (2) business days after you discover that your password has been lost or stolen, you can lose no more than $50.00 if someone used it without your permission. If you do not notify us within two (2) business days, and we can prove we could have prevented someone from using the password without your permission you could lose as much as $500.00. If your statement shows unauthorized transfers, notify us within sixty (60) days after the statement is mailed to your or viewed on your computer. After sixty (60) days, if we can prove that we could have stopped someone from taking the money if we had been informed, lost funds might not be recovered.

Errors and Questions: In case of errors or questions concerning transactions completed with Internet Banking, do one of the following as soon as possible:

Disclosure of Account Information to Third Parties: Information to third parties about your account(s) or the transactions(s) you make will only be disclosed if at least one of the following applies:

Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of Texas.

Assignment: This agreement may not be assigned to any other party by you. We may assign or delegate, in part or whole, to any third party.

Amendments: Terms and conditions of this agreement may be amended in whole or part any time within 30 days written notification to the change taking effect. If you do not agree with the change(s), you must notify us in writing prior to the effective date to cancel your access. Amendments or changes to term(s) or conditions(s) may be made without prior notice if it does not result in higher fees, more restrictive service use, or increased liability to you.

Entire Agreement: This agreement supplements any other agreements or disclosure related to your account(s), including the Deposit Account Agreement and Disclosures. If there is a conflict between this Agreement and any others, or any statement made by employees or agents, this agreement shall supersede.