Electronic Statement Disclosure Agreement

Electronic Delivery of Statements and Notices: Electronic delivery of statements and notices is available to State Bank of Park Rapids customers enrolled in online banking. By submitting your request for electronic statements (also known as e-statements), you consent and agree that State Bank of Park Rapids may provide certain disclosures to you in electronic form instead of paper form.

Definitions: As used in this Agreement, the words “we”, “our”, “us” and “bank” means State Bank of Park Rapids (hereinafter referred to as State Bank). “You” and “your” refer to the account owner(s) authorized to receive e-statements under this Agreement. “Account” or “accounts” means your deposit and/or loan accounts with us. “Business days” mean Monday through Friday. Federal holidays are not included.

Scope of Consent for Electronic Delivery of Statements & Notices: Your consent to receive electronic statements covers the periodic statements currently available electronically from State Bank that you are provided to you in connection with your deposit and/or loan accounts with us and any statements or notices that will be made available electronically from State Bank in the future. Your consent also covers all disclosures that are required or may be provided in regard to your account(s), including, but not limited to, the Billing Rights Statement as required by the Truth in Lending Act and the Error Resolution notice required by the Electronic Fund Transfer Act.

You understand that we will no longer mail a printed deposit and/or loan account statement to your address of record.  If at a later date, you wish to obtain paper copies of your past statements or disclosures, you should send us an e-mail at bookkeeping@statebankofparkrapids.com.   There will be a $1.00 per page charge for each account activity printout requested.

E-Statement Procedures: You will receive an email shortly after the end of each statement period (monthly, quarterly or annually, depending upon your account relationship) with your statement attached. To open your statement, you will need to know you e-statement PIN number.  You will receive this PIN number by e-mail after you enroll for e-statements.  If you can't remember your PIN number, or if you'd like to change it, call our bookkeeping department at 218-732-3366x122, or stop in.  Any bookkeeping department representative can assist you.

Duty to Review Periodic Statements: Upon receipt of your e-statement, promptly access and review it and any accompanying items and notify us in writing within the applicable time period specified in your Account Agreement or Loan Agreement of any errors, unauthorized transactions, or other irregularities. If you allow someone else to access your statement, you are still fully responsible to review the statement for errors, unauthorized transactions, or other irregularities. Any applicable time periods within which you may notify us of any errors on your account statement(s) shall begin on the email date regardless of when you receive and/or open the e-statement.

Change of E-mail Address: You agree to notify us immediately of any change in your e-mail address. This may be done by emailing us at bookkeeping@statebankofparkrapids.com, by writing to the bank, or by telephone. If your e-mail address changes and we are not able to electronically deliver your statement after two statement period cycles, we will automatically revert to mailing your statement to your address of record. If your address changes, please notify us promptly.

Security: You understand the importance of your role in preventing misuse and wrongful access of your accounts and you agree to promptly examine your e-statement for each of your accounts in a timely manner.  You agree to protect the confidentiality of your account, your account number, your personal identification number (PIN), your Social Security number, and all personal account information.  You understand that personal identification information by itself or together with information related to your account may allow unauthorized access to your account.  If you choose to contact us via email with questions, do not disclose account information, your PIN, or other confidential information. 

Password Security: For security reasons we require that you enter an e-statement PIN number to access your e-statement.  If  you are denied access, contact the bank for assistance at 218-732-3366x122. If you want to change your e-statement PIN, you may do so by calling the bank at 218-732-3366x122.  Your e-statement PIN is confidential.  Do not dislose your PIN to anyone. State Bank personnel will not, for any reason, ask for your         e-statement PIN. If anyone contacts you and requests your PIN, or any other account information, contact us immediately. Here are some suggestions for maintaining password secrecy:

• Memorize your passwords - never write them down.
• Always log-off before leaving your computer unattended.
• Notify the bank immediately if you have any reason to believe that the confidentiality of your PIN number has been compromised.
• If there are joint relationships on your account, your password may be changed using the procedures described above by an authorized party to your account. The bank shall have no obligation or liability to any of the parties to a joint-relationship account if the password is changed by an authorized account holder using authorized procedures.

Change in Terms: We may change any term of this Agreement at any time. If you do not wish to accept the change, you may terminate this agreement by withdrawing your consent to receive statements and notices electronically.

Your Right to Withdraw Consent: You have the right to withdraw your consent to having your statements provided in electronic form by contacting State Bank by phone at 218-732-3366x122 or by email at bookkeeping@statebankofparkrapids.com. By doing so, you will disable the exclusive electronic delivery option of your statement. We must receive your withdrawal of consent not less than three business days before the date that statements are processed for that statement period. You will receive paper statements for subsequent statement periods.

Disclaimer of Warranty and Limitation of Liability: We make no warranty of any kind, expressed or implied, including any implied warranty of merchantability or fitness for particular purpose in connection with the e-statements provided to you under this Agreement. We do not and cannot warrant that e-statements will operate without error, or that e-statements will be available at all times. Except as specifically provided in this Agreement, or otherwise required by law, you agree that our officers, directors, employees, agents or contractors are not liable for any indirect, incidental, special or consequential damages under or by reason of any services or products provided under this Agreement or by reason of your use of e-Statements, including loss of profits, revenue, data or use by you or any third party, whether in an action, in contract or tort based on a warranty of any other legal theory.

Joint Account: If your deposit and/or loan account is joint with another person, one of you may consent to receive disclosures electronically and that person’s election to receive e-statements shall apply to both of you. We will then send the notice regarding the availability of your e-statements to the email address provided in lieu of the mailing address provided for paper statements.

Our Right to Terminate: You agree that we can terminate our e-statement service and revert to printed, mailed statements for any reason at any time.

Communication with State Bank of Park Rapids: Unless this Agreement indicates otherwise, you may communicate with us in any one of the following ways:

Via email at bookkeeping@statebankofparkrapids.com
Via telephone at 218-732-3366
Via postal mail at 200 1^st St E, PO Box 31, Park Rapids, MN 56470
In person at State Bank of Park Rapids

Statement Accessibility and Retention: To open and view an e-statement or any other document sent by us, your computer must be equipped with Adobe Acrobat. You may download a free copy of Adobe Acrobat Reader at www.adobe.com. To retain a copy of your statements, you will need a printer attached to your computer capable of printing web pages, or you can save the file to your computer.

Additional Terms and Conditions of Your Electronic Statement Agreement: The terms and conditions of your account agreements for each of your State Bank accounts, as well as your other agreements with State Bank, such as loans, continue to apply notwithstanding anything to the contrary in this Agreement.This Agreement is also subject to applicable Federal laws and the laws of the State of Minnesota. If any provision of this Agreement is found to be unenforceable according to its terms, all remaining provisions will continue in full force and effect. The headings in this Agreement are for convenience or reference only and will not govern the interpretation of the provisions. Any waiver (express or implied) by either party of any default or breach of this Agreement must be in writing and shall not constitute a waiver of any other or subsequent default or breach. You may not assign this Agreement. This Agreement is binding upon your heirs and State Bank successors and assigns. Certain obligations of the parties pursuant to this Agreement that by their nature would continue beyond the termination, cancellation or expiration of this Agreement shall survive termination, cancellation or expiration of this Agreement.