Morton Community Bank

Terms and Conditions
for personal accounts

To complete the Morton Community Bank On-Line Bank registration process, you must accept the following terms and conditions. Please read them carefully. Any other terms and conditions of your other accounts will continue to remain in effect. To complete your Morton Community Bank registration you must click on the  "Accept" button to accept the terms of this agreement. We reserve the right to change Morton Community Bank On-Line Bank services and this agreement, including fees, at our discretion without notice to you except as required by applicable law. These changes will be posted on the Web Site, and it is your responsibility to review the Morton Community Bank Agreement from time to time to be aware of any changes or modifications. Your continued use of the services will indicate your agreement to any such changes.

Consumer Rights

Please be advised that by clicking on the accept button, you are consenting to receive the disclosures in this agreement electronically. Please be aware of the following rights:

You have a right to receive the disclosures this agreement on paper. You have the right to withdraw the consent to electronically receive the disclosures at no charge. If you elect to withdraw the consent to receive these disclosures electronically, you must withdraw the consent in writing, and send the withdrawal of consent to:

Morton Community Bank
MCB Electronic Banking Department
721 W Jackson
PO Box 104
Morton IL 61550-0104

If you wish to receive a paper copy of the Section IV disclosures, please send a written request to receive the disclosures with the consent withdrawal.

Introduction

Agreement

This Agreement contains the terms and conditions that apply to your use of Morton Community Bank On-Line Banking and Morton Community Bank Bill Pay services. The terms and conditions contained in this Agreement are in addition to any and all terms, conditions, rules and regulations that apply to any accounts or services you obtain from Morton Community Bank. Your registration for use of Morton Community Bank On-Line Banking service constitutes your acknowledgment and agreement with the terms and conditions of this Agreement.

Modifications to this Agreement.

Morton Community Bank reserves the right to change the terms and conditions of this Agreement at any time. Any changes made to this agreement will update to the Terms and Conditions posted at Morton Community Bank On-Line Bank site. Revised terms and conditions shall become effective at the earliest date allowed by applicable law or regulation.

Definitions

"Account(s)" - Your MCB deposit and loan accounts that may be accessed via On-Line Banking.
"Agreement" - refers to this document.
"We, US, Our or Bank" - refers to Morton Community Bank
"MCB On-Line Bank" - is the Internet based service that provides access to your MCB bank accounts.
"Bill Pay" - is the Internet-based service providing payments to third parties from Morton Community Bank
Access to On-Line Banking

Registration

To access your MCB accounts via On-Line Banking, you must first register for the service. Registration includes your selection of an "Access ID" and assignment of a  "Password". Both will be required for access.

Hardware/Software Requirements

Use any PC that is a 486 or later processor. You will also need a connection to the internet.
We recommend a Web browser with additional security features (Secure Socket Layer or SSL) like current versions of Internet Explorer.

Description of Services

You may use MCB On-Line Bank to perform the following functions:

Please note that your ability to access and transfer to and from MCB accounts may be restricted by your relationship to the account. As an example, beneficiaries will not have access to account information.

 

Terms and Conditions

Access ID and Password.

You will need an Access ID and Password to access your accounts through MCB On-Line Bank. Access IDs may be up to 18 characters of any combination of letters, numbers or special characters.

Passwords must contain a minimum of 6 and a maximum of 16 characters, at least one upper case letter, at least one lower case letter, at least one number and at least one special character, such as "$" or "#."

You agree use of Access ID and Password constitutes an electronic signature for you and the Bank may accept as authentic any instructions given to us through the use of your Access ID and Password. You agree to keep your password secret and to notify the Bank immediately if your password is lost or stolen or if you believe someone else has discovered your password. You agree that if you give your Access ID and Password to someone else, you are authorizing them to act on your behalf, and the Bank may accept any instructions they give the Bank to make transfers or otherwise use the Service. The Bank may require you to change your password from time to time or on a regular basis to enhance security. Customer agrees to NOTIFY THE BANK IMMEDIATELY if Customer believes or suspects that Customer’s password has been lost or stolen. It is Customer’s responsibility to keep Customer’s password confidential.

Hours of Accessibility

You can access your accounts through MCB On-Line Bank 24 hours a day, 7 days a week, except during maintenance periods or periods during which MCB On-Line Bank otherwise is not operable. Transactions performed after 2:30 p.m. (Central time) Monday through Friday, after 2:30 p.m. (Central time) or at any time on Saturdays or Sundays will be processed the following business day (Monday through Friday). If you make a transfer initiated in our MCB On-Line Bank service during this offline time, you will receive a message stating that your transfer has been successfully completed, however, the transaction will not be able to be viewed in history until the following business day. Please be aware that checks, ATM and Debit Card(Check Card) activity will occur prior to transfers that are made during offline processing hours. If the account from which the transfer is being made does not contain sufficient funds to successfully complete the transfer, up to two additional attempts (one attempt on each of the subsequent business days) will be made to complete the transfer. No further attempts will be made.

Viruses

All responsibility or liability for any damages caused by viruses contained within the electronic files or at this web site is disclaimed.

Links to Other Web Sites

For the convenience of our customers, The MCB web site may contain links to other web sites not owned or managed by MCB. MCB is not responsible for the content in such web sites, and such web sites are not investigated, monitored, or checked for accuracy by MCB.

Indemnification by User

The user agrees to indemnify and hold MCB, harmless from any liability, loss, claim and expense, including attorney's fees related to a user's violation of these terms and conditions or the use of the services and information provided at this web site.

Typographic Errors

This web site could include technical inaccuracies or typographical errors.

Electronic Mail Messages

Please note that electronic mail is not a secure form of communication and should not be used to communicate sensitive information to MCB. We may not immediately receive any email sent by you. We need a reasonable opportunity to take action or respond to email requests. You CANNOT use email to transfer funds, report unauthorized transactions or report unauthorized use of your Access ID and password. You MUST notify us in person, at the phone number or address listed in the Agreement.

Our Liability

If we do not complete a transfer to or from your account on time or in the correct amount, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable:

If through no fault of ours, your account does not contain enough available funds to make the transfer.
If your account has been closed.
If you have money in your account but the funds are subject to legal process or other encumbrance.
If the transfer would exceed credit limits or other arrangements for covering overdrafts.
If you have not properly followed the MCB On-Line Bank instructions.
If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken.

Access to Home Equity Line of Credit

Access to your Home Equity Line of Credit, through MCB On-Line Bank is equivalent to accessing your line of credit by check; however, there can be no stop payment orders issued and the minimum orders issued and the minimum dollar amount for each loan remains applicable.

Automatic Termination

Customers will be automatically deleted from MCB On-Line Bank after 90 days of inactivity. Should you choose to re-enroll after being terminated, the "First Time Log In" button should be used. A fee may be charged to re-activate.

Right to Refuse Service

MCB On-Line Bank reserves the right to revoke or refuse On-Line Banking services at the discretion of Morton Community Bank.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of Illinois, without regard to its conflicts of law provisions.

Error Resolution - in case of errors or questions about your Electronic Funds Transfer

Please call the Electronic Banking Department at 309-266-5337 or write us at 721 W Jackson St, Morton, IL 61550, as soon as possible, if you think an error appears on your monthly statement, a 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 sixty (60) days after we sent you the first statement on which the problem or error appeared.  (1) Tell us your name and your account number.  (2) 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.  (3) Tell us the dollar amount of the item in question. 

If you tell us orally, we may require you to submit your question or complaint in writing within ten (10) business days. 

We will tell you the result of our investigation within ten (10) business days after we hear from you and will correct any error promptly.  If we need more time, we may take up to forty-five (45) days to investigate a complaint or question.  If we decide to do this, we will re-credit your account within ten (10) business days (5 business days if a Morton Community Bank debit card was involved) for the amount you feel is in error, so that you will have 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 ten (10) business days, we may not re-credit your account.  For errors involving new accounts, point-of-sale, or foreign-initiated transactions, we may take up to 90 days to investigate your complaint or question.  For new accounts, we may take up to 20 business days to credit your account for the amount you think is in error.

We will tell you the results of our investigation within three (3) business days after completing the investigation.  If we decide there was no error, we will send you a written explanation.  If your account has been re-credited and we determine there was no error, we will debit your account.    You may request copies of the documents used for the investigation by contacting us at Morton Community Bank, 721 W Jackson St Morton IL, 61550

Lost or Stolen Password

Notify us immediately if your password has been lost or stolen. If you tell us within two (2) business days after you learn of the loss or theft, you can lose no more than $50 if someone used your password without your permission to access your account. If you do not tell us within two (2) business days after you learn of the loss or theft, you could lose as much as $500 if we could have prevented access to your account had you told us.

 If you tell us orally,  we may require that you send us your complaint or question in writing within 10 business days. We will then conditionally credit your account for the amount in question so that you will have use of the money during the time it takes us to complete our investigation. When we ask you to put your complaint in writing and we do not receive it within 10 business days, we may not conditionally credit your account while we complete our investigation. We will inform you of the results of our investigation within 10 business days after we hear from you. We will promptly correct any error. If we need more time, however, we may take up to 45 calendar days to investigate your complaint. If we decide to do this, we will conditionally credit your account within 10 business days for the amount in question. If a claim is made within 30 calendar days of opening an account, we may take up to 90 calendar days to investigate your complaint. If we decide to do this, we will conditionally credit your account within 20 business days for the amount in question.

If we determine there is no error, we will send you a written explanation within three business days after we finish our investigation. You may ask for copies of the documents that we used in our investigation. We may charge you reasonable research and copy fees for that service.

Inactivity / Termination

You are responsible for complying with all the terms of this agreement and with the terms of the agreement governing the deposit accounts which you access using electronic banking services. We can terminate your On-Line Banking privileges (including the Bill Payment Service) under this Agreement without notice.

Optional Bill Pay Services

You may use Morton Community Bank’s bill paying service to direct Morton Community Bank  to make payments from your designated checking account to the Payees you choose in accordance with this agreement.  The terms and conditions of this Agreement are in addition to the Account agreements, disclosures and other documents in effect from time to time governing your Account (the Account Rules).

"You" or "your" means each person who is authorized to use the service.  "Payee" means anyone, including the Financial Institution, you designate and Morton Community Bank accepts as a payee.

Payees

You may add a new fixed payment to a Payee, only if the Payee is on your authorized list of payees, and by accessing the Service and entering the appropriate information.  Most other additions, deletions, or changes can be made in writing or by using the Service.  Morton Community Bank reserves the right to refuse the designation of a Payee for any reason.  Each Payee accepted by Morton Community Bank will be assigned a payee code.  You may pay any payee you wish in the US. Morton Community Bank is not responsible if a Bill Payment can not be made due to incomplete, incorrect, or outdated information provided by you regarding a Payee or if you attempt to pay a Payee that is not on your Authorized Payee list.

Single Payments

A single payment will be processed on the business day (generally Monday through Friday, except certain holidays) that you designate as the payment’s process date, provided the payment is submitted prior to the daily cut-off time on that date.  The daily cut-off time, which is controlled by the financial institution, is currently 2:00 PM Central Time.  A single payment submitted after the cut-off time on the designated process date will be processed on the following business day.  If you designate a non-business date (generally weekends and certain holidays) as the payment’s process date, the payment will be processed on the first business day following the designated process date. 

Recurring Payments

When a recurring payment is processed, it is automatically rescheduled by the system.  Based upon your selected frequency settings for the payment, a process date is calculated for the next occurrence of the payment.  If the calculated process date is a non-business date (generally weekends and certain holidays), it is adjusted based upon the following rules:

If the recurring payment’s "Pay Backward" option is selected, the process date for the new occurrence of the payment is adjusted to the first business date prior to the calculated process date.

If the recurring payment’s "Pay Backward" option is not selected (or if the "Pay Backward" option is not available), the process date for the new occurrence of the payment is adjusted to the first business date after the calculated process date.

Note: If your frequency settings for the recurring payment specify the 29th, 30th, or 31st as a particular day of the month for processing and that day does not exist in the month of the calculated process date, then the last calendar day of that month is used as the calculated process date.

For Single and Recurring Payments, YOU MUST ALLOW AT LEAST SEVEN (7) BUSINESS DAYS, PRIOR TO THE DUE DATE, for each bill payment to reach the Payee. Any bill payment can be changed or canceled, provided you access the Bill Pay Service prior to the cut-off time on the business day prior to the business day the bill payment is going to be initiated.

You agree to have available and collected funds on deposit in the account you designate in amounts sufficient to pay for all bill payments requested, as well as, any other payment obligations you have to the Financial Institution.  Morton Community Bank reserves the right, without liability, to reject or reverse a bill payment if you fail to comply with this requirement or any other terms of this agreement.  If you do not have sufficient funds in the Account and Morton Community Bank has not exercised its right to reverse or reject a bill payment, you agree to pay for such payment obligations on demand.  You further agree Morton Community Bank, at its option, may charge any of your accounts with Morton Community Bank to cover such payment obligations.

Morton Community Bank reserves the right to change the cut-off time.  You will receive notice if it changes.

Liability

You are liable for all transactions you make or that you authorize another person to make even if that person exceeds his or her authority  You will be responsible for any Bill Payment request you make that contains an error or is a duplicate of another Bill Payment.  Morton Community Bank is not responsible for a Bill Payment that is not made if you did not properly follow the instructions for making a Bill Payment.  Morton Community Bank is not liable for any failure to make a Bill Payment if you fail to promptly notify Morton Community Bank after you learn that you have not received credit from a Payee for a Bill Payment.  Morton Community Bank is not responsible for your acts or omissions or those of any other person, including, without limitation, any transmission or communications facility, and no such party shall be deemed to be the Morton Community Bank’s agent.  In any event, Morton Community Bank will not be liable for any special, consequential, incidental, or punitive losses, damages, or expenses in connection with this Agreement or the Service, even if Morton Community Bank has knowledge of the possibility of them.  Morton Community Bank is not liable for any act, failure to act or delay in acting if it is caused, in whole or in part, by any cause beyond the Financial Institution's reasonable control.

Amendment and Termination

Morton Community Bank has the right to change this Agreement at any time by notice mailed to you at the last address shown for the Account on the Financial Institution's records, by posting notice in branches of the Financial Institution, or as otherwise permitted by law.

Morton Community Bank has the right to terminate this Agreement at any time.  You may terminate this Agreement by written notice to Morton Community Bank.  Morton Community Bank is not responsible for any fixed payment made before Morton Community Bank has a reasonable opportunity to act on your termination notice.  You remain obligated for any payments made by Morton Community Bank on your behalf.

Fees for Internet Banking and Bill Pay option

Basic Internet Banking (without optional Bill Pay)

There is no fee for Basic Internet Banking without the Bill Pay option.

You must log on to your internet banking a minimum of once every 90 days to remain active.  Should your access be suspended or terminated because of inactivity the Bank reserves the right to charge a fee of $5.00 for reactivation of your service.

Optional Bill Pay service

The optional Bill Pay  service is Free for personal accounts for an unlimited number of Bill Pays provided you complete at least one Bill Pay every 31 days.    Should you  not complete a Bill Pay during that cycle a charge of $7.00 will be assessed and charged to the your account.

Additional Charges for Bill Pay customers only

These charges will only be assessed if you request one or more of the services listed here. 

Written Correspondence to Payee:  $10.00
Per proof of Payment not necessitated by a dispute:  $10.00
Payments returned due to customer error:  $5.00
Expedited Payment Fees will include:
Overnight Fee: $14.95
2nd Day Fee: $9.95
Reinstate Fee: $50.00
Gift Pay Fees will include:
Gift Check: $2.99
Charitable Donations Fee: $1.99.