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Electronic Funds Transfers


Important information About Procedures for Opening a New Account. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which may not apply to your account. Please read this disclosure carefully because it tells you your rights and obligations for the transactions listed. You should keep this notice for future reference.

Electronic Fund Transfers Initiated by Third Parties - You may authorize a third party to initiate electronic fund transfers between your account and the third party's account. These transfers to make or receive payment may be one-time occurrences or may recur as directed by you. These transfers may use the Automated Clearing House (ACH) or other payments network. Your authorization to the third party to make these transfers can occur in a number of ways. For example, your authorization to convert a check to an electronic fund transfer or to electronically pay a returned check charge can occur when a merchant provides you with notice and you go forward with the transaction (typically, at a point of purchase, a merchant will post a sign and print the notice on a receipt). In all cases, these third party transfers will require you to provide the third party with your account number and financial institution information. This information can be found on your check as well as on a deposit or withdrawal slip. Thus, you should only provide your financial institution and account information (whether over the phone, the Internet, or via some other method) to trusted third parties whom you have authorized to initiate these electronic fund transfers. Examples of these transfers include, but are not limited to:

  • Pre-authorized credits - You may make arrangements for certain direct deposits to be accepted into your checking, savings, or money market.
  • Pre-authorized payments - You may make arrangements to pay certain recurring bills from your checking, savings, or money market.
  • Electronic check conversion - You may authorize a merchant or other payee to make a one-time electronic payment from your checking account using information from your check to pay for purchases or pay bills.
  • Electronic returned check charge - You may authorize a merchant or other payee to initiate an electronic funds transfer to collect a charge in the event a check is returned for insufficient funds.

ATM Transfers - types of transfers, dollar limitations and charges - You may access your 
account(s) by ATM using your MasterMoney Debit Card and personal identification number, to:

  • Get cash withdrawals from checking or savings account(s) with a debit card.
  • You may withdraw no more than $300.00 per day.
  • Transfer funds between checking and savings account(s) with a debit card.
  • Get information about: The account balance of your checking and savings accounts with a debit card.

There is a charge of $1.00 per withdrawal, transfer, and inquiry at ATMs that are not DCI driven. Some of these services may not be available at all terminals.

Types of MasterMoney Debit Card Point-of-Sale Transactions - Transactions are limited to the United States.  All International transactions are blocked.  You may access your checking account(s) to purchase goods (in person, online, or by phone), pay for services (in person, online, or by phone), get cash from a merchant, if the merchant permits, or from a participating financial institution, and do anything that a participating merchant will accept within the United States.

Point-of-Sale Transactions - dollar limitations - Using your card:

  • You may not exceed $500.00 in transactions per day

Internet Banking - Types of transfers - You may access your accounts by computer at  and using your user name and password to:

  • Transfer funds between the following account types:checking, savings, and money market accounts
  • Make payments from checking, savings or money market to a loan
  • Get balance information about your accounts
  • Get deposit and withdrawal history about your accounts
  • Get transaction history about your accounts


Currency Conversion - If you effect a transaction with your MasterMoney Debit Card in a currency other than US Dollars, MasterCard International Incorporated will convert the charge into a US dollar amount. MasterCard International will use its currency conversion procedure, which is disclosed to institutions that issue MasterCard cards. Currently, the conversion rate used by MasterCard International to determine the transaction amount in US dollars for such transactions is generally either a government mandated rate or a wholesale rate determined by MasterCard International for the processing cycle in which the transaction is processed. The currency conversion rate used by MasterCard International on the processing date may differ from the rate that would have been used on the purchase date or cardholder statement posting date.

Advisory Against Illegal Use - You agree not to use your card(s) for illegal gambling or other illegal purpose. Display of a payment card logo by, for example, an online merchant does not necessarily mean that transactions are lawful in all jurisdictions in which the cardholder may be located.


  • We will charge you $5.00 for a new debit card personal identification number.
  • We will charge you $15.00 to replace a lost debit card.
  • The charge for your debit card (whether or not the card is used in the period) is $1.00 per month.
  • You may make six (6) withdrawals per statement period without an excess withdrawal fee on money market and savings accounts. There will be a service fee of $1.00 per item for more than six (6) withdrawals per statement period on money market accounts. There will be a service fee of .50 per item for more than six (6) withdrawals per statement period on savings accounts.

There are certain fees and charges for electronic funds transfer services. For a current listing of all applicable fees, see our current Fee Schedule that was provided to you at the time you applied for or requested these electronic services. From time to time, the charges may be changed. We will notify you of any changes as required by applicable law.

ATM Operator/Network Fees. When you use an ATM not owned by us, you may be charged a fee by the ATM operator or any network used (and you may be charged a fee for a balance inquiry even if you do not complete a fund transfer). The ATM surcharge will be debited from your account if you elect to complete the transaction or continue with the balance inquiry. You will not be charged a fee for the payment of overdrafts resulting from ATM transactions or one-time debit card transactions.


Terminal Transfers - You can get a receipt at the time you make any transfer to or from your account using an automated teller machines or point-of-sale terminals.  You may not get a receipt if the amount of the transfer is $15.00 or less.

Periodic Statements - You will get a monthly account statement from us for your checking accounts.

You will get a monthly account statement from us for your savings accounts, unless there are no transfers in a particular month. In any case, you will get a statement at least quarterly.

Preauthorized Payments

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 is how:

  • Call or write us at the telephone number or address listed in this disclosure in time for us to receive your request three 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.
  • Notice of varying amounts - If these regular payments may vary in amount, the person you are going to pay will tell you 10 days before each payment, when it will be made and how much it will be. (You may choose instead to get this notice only when the payment would defer by more than a certain amount from the previous payment, or when the amount would fall outside certain limits that you set. )
  • Liability for failure to stop payment of preauthorized transfer - 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.

Financial Institution's Liability

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 instances:

  • If, through no fault of ours, you do not have enough money in your account to make the transfer.
  • If you have an overdraft line and the transfer would go over the credit limit.
  • If the automated teller machine where you are making the transfer does not have enough cash.
  • If the terminal or system was not working properly and you knew about the breakdown when you started the transfer.
  • If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken.
  • If your funds are subject to legal process or other encumbrance restricting transfer.
  • There may be other exceptions stated in our agreement with you.


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

  • Where it is necessary for completing transfers; or
  • In order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant; or
  • In order to comply with government agency or court orders; or
  • As explained in the separate Privacy Disclosure.

Unauthorized Transfers

Consumer liability - You are responsible for all EFT transactions you authorize. If you permit someone else to use an EFT service, your Card or your access code, you are responsible for any transactions they authorize or conduct on any of your accounts.

Tell us AT ONCE if you believe your card and/or Pin Number has been lost or stolen or if you believe that an electronic fund transfer has been made without your permission using information from your check. Telephoning is the best way of keeping your possible losses down. You could lose all of the money in your account (plus your maximum overdraft line of credit). If you tell us within 2 business days after you learn of the loss or theft of your card and/or PIN number, you can lose no more than $50 if someone used your card and/or PIN 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/or PIN Number, and we can prove we could have stopped someone from using your card and/or Pin Number 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, including those made by card or other means, 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 (such as a long trip or a hospital stay) kept you from telling us, we will extend the time periods.

Additional Limits on Liability for MasterCard branded Debit Card
You will not be liable for any unauthorized transactions using your MasterCard branded Debit Card, if you can demonstrate that you have exercised reasonable care in safeguarding your card from the risk of loss or theft and, upon becoming aware of a loss or theft, you promptly report the loss or theft to us.  This additional limitation on liability does not apply to transactions not processed by MasterCard.

Contact in event of unauthorized transfer. If you believe your card and/or code has been lost or stolen or that someone has transferred or may transfer money from your account without your permission, call or write us at the telephone number or address listed in this brochure.

Error Resolution Notice

In case of Errors or Questions About Your Electronic Transfers, Call or Write us at the telephone number or address listed in this brochure, 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.

  • Tell us your name and account number (if any).
  • 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.
  • 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 determine whether an error occurred within 10 business days (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 or a point-of-sale transaction) to investigate your complaint or question. If we decide to do this, we will credit your account within 10 business days (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 credit your account. Your account is considered a new account for the first 30 days after the first deposit is made, unless each of you already has an established account with us before this account is opened.

We will tell you the results within three business days after completing our investigation. If we decide that there was no error, we will send you a written explanation.

You may ask for copies of the documents that we used in our investigation.

First State Bank 

P.O. Box 245

Ransom, KS 67572


Phone:  785-731-2261


Business Days:  Monday through Friday (Excluding Federal Holidays)




Utica Branch

P.O. Box 68

Utica, KS 67584


Phone:  785-391-2288


Business Days:  Monday, Wednesday and Friday (Excluding Federal Holidays)


The Utica Branch will be open on Tuesday after a Monday holiday and on 

Thursday after a Wednesday holiday and before a Friday holiday.

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