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Thank you for your interest in the State Bank of Townsend Internet Banking service. This Agreement and Disclosure Statement provides information about the State Bank of Townsend online banking service and contains the disclosures required by the Electronic Funds Transfer Act. Please review the following disclosure information.  Once you have completely reviewed the information, click “I Understand and Accept” to indicate your agreement and to begin the process of online banking.

ONLINE BANKING AGREEMENT
The undersigned ("I" or "we"), in consideration of The State Bank of Townsend ("you" or "your") issuing me Login Codes for access to Internet Banking, hereby agrees to be legally bound by the following terms and conditions.

1.Internet Banking Services
I have the Checking and/or Savings account(s) with you set forth on my application form. I hereby request that you issue to me Login Codes to be used in connection with such accounts as described in the Agreement. I understand I may use Internet Banking to (1) transfer funds between accounts; (2) obtain available balances on accounts; (3) obtain the current balances on accounts; and (4) obtain transaction history on accounts.


2. Identification Number and Password
I understand that access requires the use of unique Login Codes assigned by you. I agree that electronic copies of communications are valid and I will not contest the validity of the originals absent proof of data or tampering. I understand that accessing Internet Banking with my Login Codes will authenticate and validate the directions given just as my actual signature will authenticate and validate my direction given to you. I acknowledge that my Login Codes are identification codes that are personal and confidential and that the use of the Login Codes is a security method by which you are helping me to maintain the security of my account(s). Therefore, I AGREE TO TAKE ALL REASONABLE PRECAUTIONS THAT NO ONE ELSE LEARNS MY LOGIN CODES. I AGREE THAT IF I GIVE MY LOGIN CODES TO SOMEONE ELSE TO USE, I AM AUTHORIZING THEM TO ACT ON MY BEHALF AND I WILL BE RESPONSIBLE FOR ANY USE OF THE CODES BY THEM AT ANYTIME.

3. Liability for Unauthorized Transactions
I agree to contact you at once if I believe the Login Codes issued to me have been lost or stolen. I also agree that if my monthly statement shows transactions which I did not make, and I do not contact you within 60 days after the statement was mailed to me, I risk the return of lost funds. I understand that if I believe an unauthorized transfer from any of my accounts has occurred, I will contact you by writing or calling you at:

The State Bank of Townsend
400 Broadway
Townsend, MT   59644
406-266-3176 or 1-800-735-6385 during business hours

4. Charges
I agree to pay the charges or transaction fees which are charged by you for these services or for services which may later be offered as such fees or charges may be imposed or changed from time to time.

5. Amendment of this Agreement
I agree that from time to time you may amend or change the terms of this Agreement including amendments or changes to add further Online services or to amend or change the charges for these services. You may do so by notifying me in writing of such amendments or changes and my use of Internet Banking after the effective date of any such amendment or change shall constitute my acceptance of and agreement to such amendment or change.

6. Disclosure
I hereby acknowledge that I reviewed the Online Banking Disclosure & Agreement, informing me of my rights under the Electronic Funds Transfer Act.


Online Banking Disclosure Statement
The purpose of this Disclosure Statement is to inform you of certain rights that you have under the Electronic Funds Transfer Act.

Please Note: In this statement, the words "you" and "your" each refer to the person who uses or is authorized to use Internet Banking services. The words "we", "our" and "us" refer to The State Bank of Townsend.

1. Internet Banking Services
You may access our Internet Banking service using the personal Login Codes that we issue to you and conduct the following transactions:

Transfer funds between:
· Checking account(s)
· Savings account(s)

Make payments to:
· Loans
· Safe Check

Obtain the available balance(s) in:
· Checking account(s)
· Savings account(s)
· Loans
· Certificates of Deposit/IRAs
 
Obtain transaction history from:
· Checking account(s)
· Savings account(s)
· Loans
· Certificates of Deposit/IRAs
 
2. Banking Services
Our Online Banking Service is available 24 hours a day, 7 days a week. However, we only process transactions and update information on business days. Our online transfer business days end Monday through Friday, 7:00 pm. Transfers made on weekends, holidays, scheduled in advance or after 7:00 pm, will be processed on the next business day.

3. Identification Number and Password
Access to Internet Banking may be made by personal computer. Access requires the use of a unique Login and Personal Identification Number (collectively, the "Login Codes") assigned by us. Your use of Internet Banking with the Login Code authorized by us will be deemed by us to be valid and authentic, and you agree that any communications to us under your Login Code will be given the same legal effect as written and signed paper communications. You agree that electronic copies of communications are valid and you will not contest the validity of the originals, absent proof of altered data or tampering.

4. Lost or Stolen Login Codes
If you believe your Password or other means of access have been lost or stolen or that someone has used them without your authorization, immediately change your Internet Banking Password. This is done by accessing the Change Password option. To change the Access ID you will have to contact us immediately by writing or calling us at:

The State Bank of Townsend
400 Broadway
Townsend, MT   59644
406-266-3176 or 1-800-735-6385

Include in the message your name, address, telephone number and a brief description of the problem.

5. Charges for Transactions
Depending on which service you subscribe to, you will be charged the applicable online banking monthly fee. For a listing of fees contact us. We reserve the right to change our fee schedule from time to time and to charge your account, in accordance with the fee schedule that will be provided to you, prior to assessment.

6. Record of Transaction
You will receive a monthly statement showing the status of your account(s), transactions made during the past month, and any charges, which we may impose for such services or transactions.

7. Liability for Unauthorized Transfers/Transactions
CONTACT THE BANK IMMEDIATELY if you believe your Login Codes have been lost or stolen. Change your password and contact us.

If you notify us of a loss, your liability for unauthorized transfers or payments will be as follows:

If you contact us within two business days of the loss or your discovery of the loss, you can lose no more than $50.00 if someone used your Login Codes without your permission.

If someone used your Login Codes without your permission, you could lose as much as $500 if you do not contact us within two business days after you learn of the loss and we can prove that we could have prevented the loss if you had contacted us.

If your monthly statement shows transfers or payments that you did not make and you do not contact us within 60 days after the statement was mailed to you, you may not get back any funds lost after the 60 days, if we can prove that your contacting us would have prevented those losses.

8. Your Liability
You agree to the terms of this Online Banking Disclosure and the schedule of fees that may be imposed. You authorize us to deduct these fees as accrued directly from your account balance. You are liable for all transactions that you authorize. If you have given someone your Internet Banking Login Codes or other means of access and want to terminate that person's authority you must change your identification number and password and make the Bank aware of your intentions in writing.

9. Account Restrictions
Your name must appear in the legal title to make transfers between accounts. You may not transfer between accounts with legal or signature restrictions. However, an account(s) may be viewed if you are an authorized signer on the account(s).

10. Limits on Online Banking Transactions
All transactions performed through our Online Service will be considered a Pre-authorized Electronic Funds Transfer.

11. Our Liability for Failure to Complete Payments or Transfers
If we fail to complete a transaction on time or in the correct amount, when properly instructed by you, we will be liable for damages caused by our failure unless:

• The account has been closed or is not in good standing.

• Your equipment or ours was not working properly and the breakdown should have been apparent to you when you attempted to conduct the transaction.

• You have not given us complete, correct or current account numbers or other identifying information so that we can properly credit your account or otherwise complete the transaction.

• You do not properly follow our instructions or if you provide us with wrong or inaccurate information or fail to correct or tell us about any inaccuracy of which you are aware.

• You do not instruct us soon enough for your payment or transfer to be received and credited by the time it's due.

• The funds in the account from which a payment or transfer is to be made is subject to legal process or other claims restrict the transaction.

• Circumstances or persons beyond our control prevent, delay, intercept or alter the transaction, despite reasonable precautions that we have taken.

• There are insufficient funds in your account to complete the transaction.

• We have reason to believe that the transaction requested is unauthorized.

• The failure was caused by an act of God, fire, or other catastrophe, or by an electrical or computer failure or by other causes beyond our control.
  

In any case, we shall only be liable for actual proven damages if the failure to make the transactions resulted from a bona fide error despite our procedures to avoid such error.

12. Change of Terms
We reserve the right to amend or terminate the services offered from time to time and we will notify you a minimum of 30 days prior to any change by written notice to your last known address.

13. Waiver of Agreement
Any waiver of any term of this Agreement by us on occasion will not prevent us from asserting our rights to these terms in the future.

14. Termination
We will disclose information about your account or the transactions you make to third parties:
Where it is necessary to complete transactions.

To verify the existence and standing of your account with us upon the request of a third party, such as a credit bureau.

In accordance with your written permission.

In order to comply with court orders or government or administrative agency summonses, subpoenas, orders, examinations and escheat reports.
And/or on receipt of certification from a federal agency or department that a request for information is in compliance with the Right to Financial Privacy Act of 1978.
15. Our Policy and Pricing Guide and Terms and Conditions on Deposit Accounts are available at our banking office upon request.
 
A FULL SERVICE BANK - ACCOUNTS INSURED TO $100,000.00 BY FDIC
 
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