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I acknowledge that I have read and accept the deposit account terms and conditions, ownership of accounts, electronic funds transfer, funds availability, indemnification, and privacy disclosures as provided (below).

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Deposit Account Terms and Conditions

All depositors establish savings/checking accounts entitling them to make deposits or withdrawals agree to abide by the following rules and regulations applicable to such accounts.

This account, whether it is individually or jointly, is for the use of the depositor(s) only and each of you agrees to be individually or jointly liable for any account shortage resulting from charges or overdrafts, whether caused by you or another with access to this account.

Deposits are received and credited by the institution subject to final collection. Collected funds to cover orders drawn must be on deposit before an order is presented for payment, or payment may be refused and a charge applied. All items cashed or deposited will be handled by the institution as agent for the depositor(s) subject to charge back or refund if for any reason final payment is not received in a form acceptable to the institution. If claim is made with respect to any item subsequent to final payment on the grounds that such item was altered or bore a forged or unauthorized endorsement or was otherwise not properly payable, the institution may withhold the amount thereof from the account until final determination of such claim. The use of negotiable orders of withdrawal with this kind of account is governed by the rules and regulations hereinafter set forth which rules and regulations may from time to time, be amended.

Deposits in the account may be withdrawn at any time provided, however, that the Board of Directors or authorized officers of the institution, may at any time require a depositor to give a seven (7) day written notice of the intention to withdraw the whole or any part of the account balance. Withdrawals from a certificate of deposit (time deposit) prior to maturity may be restricted and may be subject to an early withdrawal penalty.

The depositor(s) agree to use the forms approved by the institution. The institution reserves the right to return unpaid any other form of order or any order incompletely or defectively drawn.

The depositor(s) are subject to certain charges in connection with the account. A schedule of such charges shall be supplied to the depositor(s) by the institution when the account is opened. Such charges my be changed from time to time by the institution, which agrees to supply the depositor(s) with a revised schedule of charges if any change is made by sending a 30 day advanced written notice thereof to the depositor at the most recent address indicated on the institution's records.

Statements
reflecting account activity, charges associated therewith, and the balance in the account shall be rendered to the depositor(s) at least on a quarterly basis at the institution's convenience.

It is the customers sole responsibility to review his account on a regular basis and the Pinnacle Bank has absolutely no liability to monitor these accounts for any unusual or varied activity.

The depositor(s) must examine the statement for any unauthorized signatures or alterations and promptly notify the institution should a problem be found. It is agreed that the time needed to examine the statement and report the facts to the institution will depend on the circumstances, but will not exceed a total of 30 days from when the statement was first sent or made available to the depositor(s).

It is further agreed that failure to report any unauthorized signatures, alterations, forgeries or any other errors on the account within 60 days of when a statement reflecting the transaction(s) was first sent or made available, a claim cannot be asserted against the institution with respect to any item in that statement.

At the risk and written request of the depositor(s) the institution will, without responsibility on its part so far as it may lawfully limit its liability, accept a Stop Payment Order on the account. The institution will charge the depositor(s) in connection with such stop payment orders in accordance with its current schedule of charges.

A stop payment must be made in the manner required by law and must be received in time to give the institution a reasonable opportunity to act on it. To be effective the stop-payment order must precisely identify the account number, check number, date and amount of the check, and the payee.

The institution reserves the right, at its sole discretion, to refuse new accounts or further deposits in any existing account. The institution also reserves the right, at its sole discretion to discontinue or limit the practice of allowing withdrawals and to terminate the deposit relationship at any time upon notice to the depositor(s).

The institution may give notice to any depositor requiring such depositor to withdraw the entire amount on deposit in any account, or any part thereof. Such notice shall also advise the depositor(s) that the institution reserves the right after date specified in said notice not to make payment on any check, or draft on the account. After the date so specified, the institution shall not be obliged to make any payment from such account except for the purpose of closing the account.

Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs and executes the signature card may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice to the contrary) authorizes each other person signing the signature card to endorse any item payable to you or your order for deposit to this account or any other transaction with us. We may refuse any withdrawal or transfer request which you attempt on forms not authorized by us, by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we may treat continued abuse of the stated limitations (it any) as your act of closing the account. We will use the date the transaction is completed by us to apply the frequency limitations. The fact that we honor withdrawal requests that overdraw the available account balance do not obligate us to do so later.

We may (without prior notice and when permitted by law) set off the funds in this account against any due and payable debt you owe us now or in the future, by any of you having the right of withdrawal, to the extent of such persons' or legal entity's right to withdraw. If the debt arises from a note, "any due and payable debt" includes the total amount of which we are entitled to demand payment under the terms of the note at the time we set off, including any balance the due date for which we properly accelerate under the note.

Telephone Transfer of funds from this account to another account with us, if otherwise arranged for or permitted, may be made by the same persons and under the same conditions generally applicable to withdrawals made in writing. Unless a different limitation is disclosed in writing, we restrict the number of transfers from a savings account or money market account to another account or to third parties, to a maximum of six per month (less the number of "preauthorized transfers" during the month). Other account transfer restrictions may apply.

If, in connection with a direct deposit plan, we deposit any amount in an account which should have been returned to the Federal Government for any reason, you authorize us to deduct the amount of our liability to the Federal Government from the account or from any other account you have with us, without prior notice and at any time, except as prohibited by law. We may also use any other legal remedy to recover the amount of our liability.

The depositor(s) will maintain at all times a minimum balance as stated in the Disclosure of Interest, Fees and Account Terms. Any order drawn on an account reducing the balance below this minimum may be returned and a charge levied.

Earnings in the form of interest, dividends, or credits are compounded and distributed at such rates and time as are fixed by the Board of Directors as stated in the Disclosure of Interest, Fees and Account Terms.

This document, along with other documents we give you pertaining to your account(s), is a contract that establishes rules that control your account(s) with us.

The execution of a signature card by the depositor(s) upon the opening of this account shall constitute an agreement by the depositor(s) to the bylaws of the institution and to all regulations as are now in effect or hereafter amended.


Ownership of Accounts

INDIVIDUAL ACCOUNTS. An individual account is an account in the name of one depositor only. Only that person may write checks against the account or withdraw money, regardless of who actually owns the funds.

MULTIPLE PARTY ACCOUNTS. This section pertains to multiple party accounts.

Joint Account Ownership.
An account with two or more Account Holders is a joint account. Unless you designate otherwise on the Signature Card, joint Account Holders will be considered joint tenants with right of survivorship. Joint Tenants With Right of Survivorship. If your Account is a joint account with right of survivorship, upon the death of one of the joint Account Holders, that person's ownership interest in the Account will immediately pass to the other joint Account Holder.

Joint as Tenants in Common. If your Account is a joint account without right of survivorship, upon the death of one of the joint Account Holders, that person's proportionate ownership interest will pass to the estate of the deceased Account Holder.

Community Property Account. If your Account is a community property account, the funds in your Account are specified to be the community property of the named parties who are husband and wife. The ownership during the lifetime and after the death of a spouse is determined by state community property law and may be affected by a will. (This type of account is applicable only in those states recognizing community property law.)

Each joint Account Holder, without the consent of any other Account Holder, may, and hereby is authorized by every other joint Account holder, to make any transactions permitted under the Agreement, including without limitation, (1) to withdraw all or any part of the account funds. (2) To pledge the account funds as collateral to us for any obligation, whether that of one or more Account Holders or of a third party. (3) To endorse and deposit checks and other items payable to any joint Account Holder. (4) To give stop payment orders on any check or item, whether drawn by that Account Holder or not, and (5) to close the account, with the disbursement of account proceeds as instructed by the joint Account Holder. Each joint Account Holder is authorized to act for the other Account Holder(s) and we may accept orders and instructions regarding the account from any joint Account Holder. If we believe there to be a dispute between joint Account Holders or we receive inconsistent instructions from the Account Holders, we may suspend or close the account, require a court order to act, and/or require that all joint Account Holders agree in writing to any transactions concerning the account.

Your obligations under the Agreement are joint and several. This means that each joint Account Holder is fully personally obligated under the terms and the Agreement, including liability for overdrafts and debit balances as set forth above. Further, the Account is subject to the right of setoff as set forth in the Deposit Account Agreement

Totten Trust Account. A Totten Trust Account is an informal trust account, reflected on our records, but without a written trust agreement, where the trustee owns the account. The beneficiaries have no right to any funds in the account during the Trustee's lifetime. As the owner of the account, the trustee may withdraw money from the account and may, by written direction to us, change the beneficiary under the account. When the trustee dies, the named beneficiary or beneficiaries own the account. If more than one trustee holds the Totten Trust Account, the trustees will be subject to the rules pertaining to joint account ownership as set forth above. If there is no surviving beneficiary upon the death of the last trustee, state law will determine ownership of the funds in the Account.

P.O.D. Account. A Payable on Death (P.O.D.) Account is payable to the Account Holder during his or her lifetime. As the owner of the account, you may withdraw money from the account and may, by written direction to us change the P.O.D. payees under the account. When the Account Holder dies, the account is owned by the P.O.D. payee(s). If more than one person holds the P.O.D. Account, each Account Holder will be subject to the rules pertaining to joint account ownership as set forth above. If there is no surviving P.O.D. payee upon the death of the last owner, state law will determine ownership of the funds in the Account.


ADDITIONAL ACCOUNT TYPES.
This section pertains to other deposit account types.

Formal Trust Account. A Formal Trust Account is an account held by one or more trustees for the benefit of one or more beneficiaries pursuant to a written trust agreement. Upon our request, the trustee(s) will supply to us a copy of any trust agreement covering the account. We act only as custodian of the trust funds and are under no obligation to act as a trustee or to inquire as to the powers or duties of the trustee(s).

Uniform Transfer to Minors. If you have established the account as a custodian for a minor beneficiary under our state version of the Uniform Transfers to Minors Act or the Uniform Gifts to Minors Act, your rights and duties are covered by the Act. You will not be allowed to pledge the account as collateral for any loan to you. We will hold deposits in the account for the exclusive right and benefit of the minor.

Agency Account. An Agency Account is an account to which funds may be deposited and withdrawals made by an Agent designated by the owner of the funds. An Agent has full authority with regard to the account but does not have an ownership interest in the account. An Agency Account is revocable at any time by notifying us in writing. An Agency designation may be combined with one of the other forms of account ownership.

Business Account.
If the Account is not owned by a natural person (a corporation, partnership, sole proprietorship, unincorporated association, etc.) then the Account Holder must provide us with evidence to our satisfaction of the authority of the individuals who sign the signature card to act on behalf of the Account Holder.


MISCELLANEOUS PROVISIONS.
IF MORE THAN ONE CLAIM, INCLUDING YOUR OWN, IS MADE UPON ANY FUNDS IN YOUR ACCOUNT, OR IF WE RECEIVE INCONSISTENT INSTRUCTIONS FROM MULTIPLE PARTIES OR CLAIMANTS UPON YOUR ACCOUNT SUCH THAT, IN THE SOLE DISCRETION OF PINNACLE BANK, WE COULD BE EXPOSED TO ADDITIONAL LIABILITIES FOR FOLLOWING THOSE INSTRUCTIONS OR PAYING ONE OR MORE OF THOSE CLAIMS, THEN PINNACLE BANK RESERVES THE RIGHT, IN ITS SOLE DISCRETION, TO INTERPLEAD SAID FUNDS INTO A COURT OF COMPETENT JURISDICTION, MAKING PARTIES DEFENDANT TO THAT PROCEEDING ANY PERSON OR ENTITIES MAKING SUCH CLAIMS OR DEMANDS UPON SAID ACCOUNT. SUCH PAYMENT BY PINNACLE BANK SHALL SERVE AS A DISCHARGE OF PINNACLE BANK FROM ANY FURTHER LIABILITIES UPON SAID ACCOUNT AND YOU WILL THE BE REQUIRED TO PROCEED IN A COURT OF COMPETENT JURISDICTION TO ASSERT YOUR CLAIM FOR RIGHTS IN AND TO THOSE FUNDS.

IF YOU OR YOUR ACCOUNT BECOMES INVOLVED IN ANY LEGAL PROCEEDINGS, YOUR USE OF THE ACCOUNT MAY BE RESTRICTED. WE SHALL BE ENTITLED TO ACT UPON ANY LEGAL PROCESS SERVED UPON US, WHICH WE BELIEVE TO BE BINDING, WITH NO LIABILITY TO YOU FOR DOING SO. YOU AUTHORIZE US TO REQUEST AND OBTAIN ONE OR MORE CREDIT REPORTS ABOUT YOU FROM ONE OR MORE CREDIT REPORTING AGENCIES FOR THE PURPOSES OF CONSIDERING YOUR APPLICATION FOR THIS ACCOUNT, REVIEWING OR COLLECTING ANY ACCOUNT OPENED FOR YOU, OR FOR ANY OTHER LEGITIMATE BUSINESS PURPOSE. YOU AUTHORIZE US TO DISCLOSE INFORMATION ABOUT YOUR ACCOUNT TO A CREDIT-REPORTING AGENCY IF YOUR ACCOUNT WAS CLOSED BECAUSE YOU HAVE ABUSED IT. YOU UNDERSTAND THAT SUPERVISORY PERSONNEL MAY RANDOMLY MONITOR CUSTOMER SERVICE TELEPHONE CONVERSATIONS TO ENSURE THAT YOU RECEIVE ACCURATE, COURTEOUS, AND FAIR TREATMENT. IF YOU ASK US TO FOLLOW INSTRUCTIONS THAT WE BELIEVE MIGHT EXPOSE US TO ANY CLAIM, LIABILITY, OR DAMAGES, WE MAY REFUSE TO FOLLOW YOUR INSTRUCTIONS OR MAY REQUIRE A BOND OR OTHER PROTECTION, INCLUDING YOUR AGREEMENT TO INDEMNIFY US. IN THE EVENT EITHER PARTY BRINGS A LEGAL ACTION TO ENFORCE THE AGREEMENT, THE PREVAILING PARTY SHALL BE ENTITLED, SUBJECT TO APPLICABLE LAW, TO PAYMENT BY THE OTHER PARTY OF ITS ATTORNEYS' FEES AND COSTS, INCLUDING FEES ON ANY APPEAL. IF A COURT FINDS ANY PROVISION OF THE AGREEMENT TO BE INVALID OR UNENFORCEABLE, SUCH FINDINGS SHALL NOT MAKE THE REST OF THE AGREEMENT INVALID OR UNENFORCEABLE. IF FEASIBLE, ANY SUCH OFFENDING PROVISION SHALL BE DEEMED TO BE MODIFIED TO BE WITHIN THE LIMITS OF ENFORCEABILITY OR VALIDITY; HOWEVER, IF THE OFFENDING PROVISIONS CANNOT BE SO MODIFIED, IT SHALL BE STRICKEN AND ALL OTHER PROVISIONS OF THE AGREEMENT IN ALL OTHER RESPECTS SHALL REMAIN VALID AND ENFORCEABLE.


Pinnacle Bank Electronic Funds Transfer Disclosure

"Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument that is initiated through an electronic terminal, telephone, or computer or magnetic tape for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit an account.  The term includes, but is not limited to, point-of-sale transfers, automated teller machine transfers, direct deposits or withdrawals of funds, and transfers initiated by telephone. The term does not include payments made by check, draft, or similar paper instrument at an electronic terminal.

I   ACCOUNT INFORMATION DISCLOSURE: We will disclose information to third parties about your account or the transfers you make:

  • Where it is necessary for completing transfers
  • In order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant
  • In order to comply with government agency or court orders, or
  • If you give us written permission

II.   PREAUTHORIZED  CREDITS:  If you have arranged to have direct deposits made to your account at least every 60 days from the same person or company, you can call us at 205/221-4111 to find out whether or not the deposit has been made.

III.  PERIODIC STATEMENTS: If your transfer is posted to a Checking Account or Statement Savings, you will receive a monthly statement that will list all transfers for that cycle.  If the transfer is posted to a Savings Account, you will need to bring your book in to have the information updated periodically.

IV.  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.  Here's how: Call us at 205/221-4111, or write us at P. O. Box 1388, Jasper, AL  35502-1388, 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.  We will charge you $31.00 for each stop-payment order you give.

(a)   NOTICE OF VARYING AMOUNTS: If the amount of your preauthorized loan transfer changes you will be notified by the loan department.  This notification will serve as your notice of change of the loan payment as well as the preauthorized transfer.

(b)   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.

V.   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 the transfer would go over the credit limit on your overdraft line.
  • If the terminal was not working properly and you knew about the breakdown when you started the transfer.
  • If circumstances beyond our control prevent the transfer, despite reasonable precautions that we have taken.
  • There may be other exceptions stated in our agreement with you.
VI.   IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR ELECTRONIC TRANSFERS:  Telephone us at 205/221-4111 or write us at P. O. Box 1388, Jasper, AL 35502-1388 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.

1. Tell us your name and account number (if any).
 
2. Describe the error or the transfer you are unsure about, and clearly explain why you believe it is an error or why you need more information.
 
3. 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 tell you the results of our investigation within 10 business days (5 business days if involving a Visa transaction or 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 questions.  If we decide to do this, we will re-credit your account within 10 business days (5 business days if involving a Visa transaction or 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 re-credit your account.  An account is considered a new account for 30 days after  the first deposit is made, if you are a new customer. In case of a transaction initiated outside of the United States we may take up to twenty (20) business days to tell you the results of an investigation or up to ninety (90) days if we re-credit your account.
 
If we decide that there was 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.
 
For your convenience we are open Monday through Friday at all offices and Saturday at the Jasper Mall and Gardendale Offices except for Holidays.  You may contact us if you have any questions, by calling, 205/221-4111 or writing, Pinnacle Bank, P. O. Box 1388, Jasper, AL  35502-1388.

24-HOUR AUTOMATED TELLER MACHINE (ATM) CARDHOLDER DISCLOSURE
 
TELEPHONE NUMBER AND ADDRESS TO BE NOTIFIED IN EVENT OF UNAUTHORIZED TRANSFER:
If you believe your card or pin number has been lost or stolen or that someone has transferred or may transfer money from your account without your permission:

CALL – DEPOSIT SERVICES - 205-221-4111

OR WRITE - PINNACLE BANK, P.O. BOX 1388, JASPER, ALABAMA 35502-1388

BUSINESS DAYS:
For your convenience we are open Monday through Friday at all offices and Saturday at the Jasper Mall and Gardendale Offices except for Holidays.

CONSUMER'S LIABILITY FOR UNAUTHORIZED TRANSFERS AND ADVISABILITY OF PROMPT REPORTING:
Tell us at once if you believe your card/pin number has been lost or stolen.  Telephoning is the best way of keeping your possible losses down. You could lose all the money in your account (plus if applicable your maximum overdraft line of credit). If you tell us within 2 business days, you can lose no more than $50 if someone used your card without your permission.  If you believe your card has been lost or stolen, and you tell us within 2 business days after you learn of the loss or theft, you can lose no more than $50 if someone used your card without your permission.

If you do not tell us within 2 business days after you learn of the loss or theft of your card and we can prove we could have stopped someone from using your card without your permission if you had told us, you could lose as much as $500.

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 if you had told us in time.

If a good reason kept you from telling us, we may extend the time periods.

TYPES OF AVAILABLE TRANSFERS AND LIMITS ON TRANSFERS:
ACCOUNT ACCESS. YOU MAY USE YOUR CARD TO:
(1) Withdraw cash from your checking or savings account.
(2) Balance Inquiries

LIMITATIONS ON DOLLAR AMOUNTS OF TRANSFERS.
Your Daily Withdrawal Limit is equal to the available balance you have in your account each day. When you use an ATM to make PIN based cash withdrawals from your account certain cash withdrawal limits may be set by the terminal owner.

RIGHT TO RECEIVE DOCUMENTATION:
Terminal Transfers. You will receive a receipt at the time you make any transfer to or from your account using one of our ATM machines.
Periodic Statements. You will get a monthly statement reflecting all ATM transactions posted to your account,

SERVICE CHARGES:
Annual Fee
Replacement Card
Balance Inquiry
Withdrawal Fee
Excessive Withdrawal Fee
 
 
(Foreign ATM Fees)
(Foreign ATM Fees)
MMDA Accounts > 6 Transactions Monthly
$.00
$5.00
$.65
$2.50
$10.00

 


When you use an ATM not owned by us, you may be charged a fee by the ATM operator,  or by a national, regional, or local network used to complete the transaction and you may be charged a fee for a balance inquiry even if you do not complete a  fund transfer.

VISA DEBIT/CHECK CARD DISCLOSURE

TELEPHONE NUMBER AND ADDRESS TO BE NOTIFIED IN EVENT OF UNAUTHORIZED TRANSFER:
If you believe your card or pin number has been lost or stolen or that someone has transferred or may transfer money from your account without your permission:

CALL - DEPOSIT SERVICES - 205-221-4111
OR WRITE - PINNACLE BANK, P. 0. BOX 1388, JASPER, ALABAMA 35502-1388

BUSINESS DAYS:
For your convenience we are open Monday through Friday at all offices and Saturday at the Jasper Mall and Gardendale Offices except for Holidays.

CONSUMER'S LIABILITY FOR UNAUTHORIZED TRANSFERS AND ADVISABILITY OF PROMPT REPORTING:
Tell us at once if you believe your card/pin number has been lost or stolen.  Telephoning is the best way of keeping your possible losses down.  You could lose all the money in your account (plus if applicable your maximum overdraft line of credit).  If you tell us within 2 business days, you can lose no more than $50 if someone used your card without your permission.  If you believe your card has been lost or stolen, and you tell us within 2 business days after you learn of the loss or theft, you can lose no more than $50 if someone used your card without your permission.
 
If you do not tell us within 2 business days after you learn of the loss or theft of your card and we can prove we could have stopped someone from using your card without your permission if you had told us, you could lose as much as $500.
 
Limitation of Liability for Unauthorized VISA Point of Sale Transactions using VISA Debit Card.  This special limitation does not apply to ATM Cash Disbursements or VISA Commercial Card transactions.  Upon receipt of notification from you of unauthorized VISA POS transactions, we will limit your liability for those transactions to $0.00;  however, we can increase the limit of your liability for unauthorized VISA POS transactions if we reasonably determine, based on substantial evidence, that you were grossly negligent or fraudulent in the handling of the account or Card.  We can require you to provide a written statement regarding claims of unauthorized VISA POS transactions.
 
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 if you had told us in time.
 
If a good reason kept you from telling us, (such as a long trip or hospital stay) we may extend the time periods.

TYPES OF AVAILABLE TRANSFERS AND LIMITS ON TRANSFERS:
 
Your Daily Withdrawal Limit is equal to the available balance you have in your account each day.  When you use an ATM to make PIN based cash withdrawals from your account certain cash withdrawal limits may be set by the terminal owner.

ACCOUNT ACCESS. YOU MAY USE YOUR CARD TO:

(1) Withdraw cash at ATMs bearing the VISA LOGO. Worldwide ATM access is available at more than 60,000 ATMS.
(2) Make purchases from Merchants who process Visa transactions.
 
The transactions are cleared through the VISA system and sent to the Bank to be posted to your checking account.
 
• The number of authorized transactions that can be posted in one (1) day is ten (10). Saturday and Sunday count as one day.
• Only 3 pin tries at any ATM before card captured.
• You will get a monthly statement reflecting all VISA DEBIT transactions posted to your account.

SERVICE CHARGES:

Annual Fee
Replacement Card
Balance Inquiry
Withdrawal Fee
Excessive Withdrawal Fee
 
 
(Foreign ATM Fees)
(Foreign ATM Fees)
MMDA Accounts > 6 Transactions Monthly
$.00
$5.00
$.65
$2.50
$10.00


When you use an ATM not owned by us, you may be charged a fee by the ATM operator or by a national, regional or local network used to complete the transaction and you may be charged a fee for a balance inquiry even if you do not complete a fund transfer.
 

Pinnacle Bank Funds Availability

YOUR ABILITY TO WITHDRAW FUNDS

Our policy is to make funds from your check deposits available to you on the first business day after the day we receive your deposit. Cash and electronic direct deposits will be available on the day we receive the deposit. Once they are available, you can withdraw the funds in cash and we will use the funds to pay checks that you have written.
 
For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit before 5:00 p.m. on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after 5:00 p.m. or on a day we are not open, we will consider that the deposit was made on the next business day we are open.


LONGER DELAYS MAY APPLY

In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the seventh business day after the day of your deposit. The first $200 of your deposits, however, may be available on the first business day.
 
If we are not going to make all of the funds from your deposit available on the first business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the day after we receive your deposit.
 
If you will need the funds from a deposit right away, you should ask us when the funds will be available.
 
In addition, funds you deposit by check may be delayed for a longer period under the following circumstances:

 

  • We believe a check you deposit will not be paid.
  • You deposit checks totaling more than $5,000 on any one day.
  • You redeposit a check that has been returned unpaid.
  • You have overdrawn your account repeatedly in the last six months.
  • There is an emergency, such as failure of computer or communications equipment.

 

We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the fifth business day after the day of your deposit.


SPECIAL RULES FOR NEW ACCOUNTS

If you are a new customer, the following special rules will apply during the first 30 days your account is open.
 
Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers, and the first $5,000 of a day's total deposits of cashier's, certified, teller's, traveler's, and federal, state and local government checks will be available on the first business day after the day of your deposit if these items are payable to you. The excess over $5,000 will be available on the fifth business day after the day of your deposit. If your deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $5,000 will not be available until the second business day after the day of your deposit. Funds from all other check deposits will be available on the fifth business day after the day of your deposit.


HOLDS ON OTHER FUNDS (Check Cashing)

If we cash a check for you that is drawn on another bank, we may withhold the availability of a corresponding amount of funds that are already in your account. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it. See sections on Funds Availability Policy for appropriate availability schedules.


HOLDS ON OTHER FUNDS (Other Accounts)

If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited.


PAYMENT OF INTEREST

Interest begins to accrue on interest bearing accounts no later than the business day we receive credit for the deposit of items such as a check you deposited to your account. We will receive credit for checks drawn on other financial institutions based on the availability schedule established by the Federal Reserve Bank.


PINNACLE BANK reserves the right to accept or reject a check for deposit, to revoke any settlement made by the depository bank with respect to a check accepted by the bank for deposit, to charge back the customer's account for the amount of a check based on the return of the check or receipt of a notice of nonpayment of the check, or to claim a refund of such credit and to charge back funds made available to it's customer for an electronic payment for which the bank has not received final payment.

 


Indemnification

CUSTOMER IN ENTERING THIS AGREEMENT WITH PINNACLE BANK TO UTILIZE PINNACLE BANK’S INTERNET SERVICES AGREES:

PINNACLE BANK’S INTERNET PROGRAM ALLOWS THE ABILITY TO TRANSMIT SENSITIVE MESSAGES, DOCUMENTS, OR FILES TO ITS USERS. THE BANK HAS IMPLEMENTED PHYSICAL AND SYSTEM ACCESS AND INTERNAL CONTROLS, WHICH INCLUDE ON-SITE SECURITY, SYSTEM PASSWORDS, FIREWALLS AND ENCRYPTION DEVISES TO PREVENT DATA FROM BEING COMPROMISED AND UNAUTHORIZED. SECURE SITES ARE UTILIZED FOR THIS PURPOSE AND CAN BE ACCESSED ONLY BY THE USE OF CONFIDENTIAL CUSTOMER CODES AND PASSWORDS. IT IS THE CUSTOMER’S RESPONSIBILITY TO PROTECT THE USE OF THE CONFIDENTIAL ACCESS CODES AND FAILURE TO ADHERE TO THE CONTROL STANDARDS COULD COMPROMISE CUSTOMER (S) PRIVATE INFORMATION. CUSTOMER AGREES TO INDEMNIFY PINNACLE BANK AND DEFEND AND HOLD PINNACLE BANK HARMLESS FROM ANY AND ALL LOSSES, EXPENSES, CLAIMS, OR DAMAGES OR LIABILITY OF ANY KIND THAT MAY BE SUFFERED OR INCURRED BY CUSTOMER ARISING OUT OF OR IN CONNECTION WITH THE UNAUTHORIZED ACCESS TO OR USE OF CUSTOMER INFORMATION.

CUSTOMER HEREBY AGREES TO INDEMNIFY PINNACLE BANK AND DEFEND AND HOLD PINNACLE BANK HARMLESS FROM ANY AND ALL LOSSES, EXPENSES, CLAIMS, DAMAGES OR LIABILITY OF ANY KIND (INCLUDING, WITHOUT LIMITATION, REASONABLE ATTORNEY’S FEES), THAT MAY BE SUFFERED OR INCURRED BY PINNACLE BANK, OR ANY OF THEIR RESPECTIVE AGENTS OR EMPLOYEES AS A RESULT OF OR ARISING OUT OF OR IN CONNECTION WITH THE FAILURE OF CUSTOMER TO ABIDE BY ANY REQUIREMENTS IMPOSED BY THIS AGREEMENT OR ANY OPERATING REGULATIONS OF PINNACLE BANK OR ANY SHARED NETWORK TO WHICH CUSTOMER HAS ACCESS OR THE ACTIONS OR OMISSIONS OF CUSTOMER, ITS AGENTS OR EMPLOYEES.

NOTWITHSTANDING ANYTHING CONTAINED HEREIN TO THE CONTRARY, ALL SERVICES AND RELATED PRODUCTS PROVIDED HEREUNDER ARE OFFERED BY PINNACLE BANK WITHOUT ANY REPRESENTATIONS OR WARRANTIES, AND PINNACLE BANK MAKES NO, AND EXPRESSLY DISCLAIMS, ANY WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, ANY IMPLIED WARRANTY OF MERCHANTABILITY, WITH RESPECT TO THE SHARED INTERNET NETWORK, THE SERVICES TO BE PROVIDED PURSUANT HERETO OR ANY OTHER MATTERS COVERED HEREBY.

PINNACLE BANK SHALL NOT BE LIABLE TO CUSTOMER FOR ITS FAILURE TO PERFORM THE SERVICES REQUIRED BY THIS AGREEMENT TO ANY EXTENT SUCH FAILURE IS DUE TO STRIKE, RIGHT, EPIDEMIC, WAR, FIRE, ACTS OF GOD, COURT ORDER, ANY STATUTE OR GOVERNMENTAL REGULATION, ACT OR ORDER, COMPUTER OR ASSOCIATED EQUIPMENT OUTAGES, FAILURES OR DOWN TIME, OR SHORTAGES OF OR SIGNIFICANT FLUCTUATIONS IN ELECTRICAL POWER, LIGHT OR AIR CONDITIONING, ANY SHORTAGE OR FLUCTUATION IN TELEPHONE SERVICES SUCH AS OCCURRENCES ARE NOT WITHIN THE CONTROL OF PINNACLE BANK.

BY UTILIZING THE BANKING SERVICES OUTLINED HEREIN, YOU ARE ACKNOWLEDGING THAT PINNACLE BANK IS LICENSED TO DO BUSINESS, AND ACTUALLY DOES BUSINESS IN THE STATE OF ALABAMA, AND THE SOURCE OF ANY TRANSACTIONS UTILIZED HEREIN WILL BE CONSIDERED TO HAVE BEEN EFFECTED IN THE STATE OF ALABAMA, REGARDLESS OF YOUR LOCATION AT THE TIME OF THE PERFORMANCE OF THOSE TRANSACTIONS. AS SUCH, YOU WILL ACKNOWLEDGE THAT THE LAWS OF THE STATE OF ALABAMA WILL BE THE LAW THAT GOVERNS ANY DISPUTES THAT MIGHT ARISE BETWEEN YOU AND PINNACLE BANK AND THE LAWS OF THE STATE OF ALABAMA WILL BE WHAT GOVERN HOW PINNACLE BANK HANDLES YOUR TRANSACTIONS.

LEGAL NOTICES/DISCLAIMER

THE INFORMATION CONTAINED WITHIN THIS WEB SITE IS PROVIDED “AS IS” AND CONTAINS NO IMPLIED WARRANTIES WHATSOEVER – EITHER EXPRESS OR IMPLIED – INCLUDED, BUT NOT LIMITED TO, WARRANTIES REGARDING THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED WITHIN THIS SITE OR IN ANY REFERENCED LINKS. NEITHER PINNACLE BANK NOR IT’S OFFICERS, DIRECTORS OR REPRESENTATIVES, SHALL BE LIABLE FOR DAMAGES, INCLUDING SPECIAL AND CONSEQUENTIAL DAMAGES, ARISING OUT OF OR IN CONNECTION WITH THE USAGE OF THIS SITE.

THE USE OF MATERIALS ON THIS WEB SITE WITHOUT THE PRIOR WRITTEN PERMISSION OF PINNACLE BANK IS PROHIBITED.




I acknowledge that I have read and accept the deposit account terms and conditions, ownership of accounts, electronic funds transfer, funds availability, indemnification, and privacy disclosures as provided (below).

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