Please read carefully the following terms and conditions for iConnect Online Banking services. The Agreement includes disclaimers of liability and other matters of interest to users. By pressing the "I Accept" button, you agree to the terms and conditions of the Agreement, which includes consenting to future amendments of the Agreement. By pressing "I Do Not Accept", you will be returned to the Peoples Bank Home Page. Please print this document for your records.

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iConnect Online Banking Agreement and Disclosures
The iConnect Online Banking Agreement and Disclosures (Agreement) apply to Your use of the iConnect Online Banking Service (iConnect), which permits You to access Your Accounts with Us via the Internet for services selected by You and agreed upon by Us.


Defined Terms
As used in this Service Agreement, the following terms shall have the following meanings:

"Account" means Your deposit and loan accounts with Us including but not limited to: checking, reserve checking, money market, certificate of deposit, savings accounts, home equity line of credit, and certain other loan accounts.

"Account Balance" means collected funds to include availability of funds pursuant to a credit line agreement.

"Peoples Bank" means Peoples Bank and its affiliates, subsidiaries and any agent, independent contractor, designee or assignee which Peoples Bank may, in its sole discretion, employ in the provision of iConnect.
 
"Access ID" means a series of 6 or more characters that either you select or we assign as a code that is used in conjunction with the Password to establish your connection to the Online Banking service.
 
"Business Day" means Monday through Friday, excluding federal holidays.
 
"Electronic Record" means a contract or other record created, generated, sent, communicated, received, or stored by electronic means.
 
"Funds Transfer" means the allocation of funds from one iConnect accessible Account to another iConnect accessible Account.
 
"iConnect" means Our Internet application designed for Your personal online banking convenience.
 
"Imaging" means to capture, index and store electronic images of checks, debit and credit items and deposit tickets.

"Password" means the series of 9 to 17 characters that you select as a code used in conjunction with the Access ID to establish your connection to the Online Banking service. Your Password must consist of at least one number and one letter.

"Processing Date" means the Business Day Your Account is debited.
 
"Transaction" means each Funds Transfer.
 
"We," "Our," and "Us" mean Peoples Bank.
 
"You" and "Your" mean each depositor on an Account accessible by iConnect.


Authorization
This Agreement applies to all persons that are parties to the Accounts. This Agreement contains the terms and conditions governing iConnect, including disclosures required by federal law. Please read this Agreement carefully and keep a copy for Your records.

By subscribing to iConnect, You acknowledge that You have received and read this Agreement and agree to its terms and conditions including the Web Site Terms and Conditions of Use Agreement and the Privacy Statement incorporated by reference as if fully set forth herein.


Functions
By using Your Password and iConnect You can:

> View Account information
> Transfer funds among Your deposit Accounts
> Make payments out of Your deposit Accounts to Your loan Accounts
> Issue stop payments on Your checks
> Receive and download balance and transaction information on Your deposit Accounts.
> View checks, debit and credit items and deposit tickets online
> Print current and previous bank statements


Fees
Access to iConnect is currently available free of charge to Peoples Bank customers who maintain active accounts with Us.


Hardware and Software Requirements
To access iConnect, You will need a computer with Internet access and an Internet browser with 128-bit encryption. We recommend Internet Explorer 5.5 or higher (available at www.microsoft.com) or Netscape version 4.5 or higher (available at www.netscape.com) For optimal viewing, we recommend a monitor with a resolution of 800 x 600 and a computer with a 486 processor or higher. You are responsible for selecting all systems, hardware and Your Internet service provider. You are also responsible for any defect, malfunction or interruption in service or security due to hardware failure, Your choice of Internet service provider and systems and computer services.


Password and Security
Upon Your successful enrollment, You will be required to create an Access ID and Password. Using Your Password has the same effect as Your signature authorizing Transactions. You agree to safely keep the Password, not to record the Password or otherwise disclose or make the Password available to anyone other than authorized users of Your Accounts. Anyone to whom You disclose Your Password and anyone who has access to Your Password will have full access to iConnect, including full access to Your Accounts. If anyone uses Your Password with Your permission, You will be responsible for any Transactions performed by that person.


Contact in Event of Unauthorized Access
If You believe Your Password has been lost or stolen or that someone may or has fraudulently accessed Your Account without Your permission, contact Peoples Bank  immediately by phone (763-689-1212) or write Peoples Bank, P.O. Box 592, Cambridge, Minnesota 55008.


Processing Date for Funds Transfer
We can process a Funds Transfer on the same Business Day as Your instructions, if We receive Your instructions before Our iConnect cut-off hour of 6:00 P.M., Central Standard Time, on a Business Day. We will process the Transaction immediately. If We receive Your instruction after the end of Our Business Day, We process the Transaction on Our next Business Day.


Funds Transfer Limitations
You may transfer collected funds through iConnect in any amount, subject to funds availability. Under federal regulations, You may make no more than six (6) Funds Transfers and telephone transfers, including iConnect Transactions, per month from Your savings or money market deposit Account. Of these six (6) Transactions, You are limited to no more than three (3) Transactions per month by check, draft, debit card or similar order to third parties. Each Funds Transfer through iConnect from Your savings or money market deposit Account is counted as one (1) of the six (6) limited transfers You are permitted each month. (However, payments to Your loan accounts with Us are not counted toward this limit for savings and money market deposit accounts.)


Canceling a Scheduled Funds Transfer
You may cancel or edit a scheduled Funds Transfer until such time that the Transaction is processed, by selecting and accurately completing the appropriate fields from within iConnect. You may cancel or edit a scheduled Funds Transfer prior to 5:59 P.M., Central Standard Time, on the Processing Date. If We do not receive Your complete and accurate instruction canceling or editing a Funds Transfer prior to such times, We will process the Transaction.


Overdrafts
When You schedule a Funds Transfer using iConnect, You authorize Us to withdraw the necessary funds from Your Account with Us. We debit the amount of Your Funds Transfer on the Business Day You instruct Us to process the Funds Transfer between Your Accounts. Each instruction to Us to withdraw or transfer from an Account is an order to Us to pay from that Account on the specified Processing Date. We may charge Funds Transfers against the Account even though the charge creates an overdraft. If You overdraw Your Account, You agree to immediately pay Us the overdrawn amount together with any applicable fees. If the Account is maintained in connection with an overdraft protection plan, any overdraft will be made in accordance with the agreement or rules governing that Account rather than this Agreement.


In Case of Errors or Questions
Contact Peoples Bank by phone (763-689-1212) or write Us at Peoples Bank, P.O. Box 592, Cambridge, Minnesota 55008 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 sixty (60) days after We sent You 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 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 suspected error.

If You tell Us orally, We may require that You send Us Your complaint or question in writing within ten (10) Business Days.

We will determine whether an error occurred within ten (10) Business Days after We hear from You and will correct any error promptly. If We need more time, however, We may take up to forty-five (45) days to investigate Your complaint or question. If We decide to do this, We will credit Your Account within ten (10) Business Days 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 ten (10) Business Days, We may not credit Your Account.

The ten (10) day period in the preceding paragraph may be extended to twenty (20) Business Days, if the error involves a transfer to or from the Account within thirty (30) days after the first deposit to the Account was made.

If the error involves an electronic transfer from Your Account to buy goods or services direct from a merchant, a transfer initiated outside of the United States or a transfer that occurred within thirty (30) days after the first deposit to the Account was made, the forty-five (45) day time period to investigate Your complaint or question will be ninety (90) days in place of forty-five (45) days.

We will tell You the results within three (3) 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.


Account Information Disclosure
The circumstances under which We may provide information about Your accounts to third parties are summarized in Our current privacy notice. You agree that We may deliver Our privacy notices to You by making them available on www.e-peoplesbank.com. You may access the privacy notice by clicking here, or request a paper copy by writing to Us at Peoples Bank, P.O. Box 592, Cambridge, Minnesota 55008.


Third Parties
You understand that support and services relating to iConnect are provided by third parties other than Us, and You authorize Us to contract with third parties to provide such support and service.

Periodic Statements
Your iConnect Account activity will appear on Your periodic account statement.

Notification of Change in Name or Address:
You agree to notify Us promptly in writing of any name or address change to Peoples Bank, P.O. Box 592, Cambridge, Minnesota 55008.


Imaging of Checks, Debit and Credit Items and Deposit Tickets.
We will make every effort to produce legible images of account checks, debit and credit items and deposit tickets the next Business Day after the item(s) have been posted to your account. Images will be available up to 60 days after the checks, debit and credit items and deposit tickets have been posted to the account. Some items will produce poor quality images or may not produce an image. In those cases, it is not Our responsibility to remedy the image quality. For better processing quality, We recommend use of the forms and check stock approved by Us.


Termination or Discontinuation
In the event You wish to discontinue iConnect, You must notify Us in writing. Written notice of service discontinuance must be supplied ten (10) Business Days prior to the first day of the month to: Peoples Bank, P.O. Box 592, Cambridge, Minnesota 55008.You may also notify Us through secure messaging. If You notify Us verbally, You must also send Us written notification.

Unless otherwise required by applicable law, we may modify, suspend or terminate Your privilege of using iConnect and may withhold approval of any Transaction, at any time, without prior notice to You. In the event We terminate iConnect, We will try to notify You in advance but are not required to do so. You will be notified as soon as practicable.

Any one person who can use the Account accessible with iConnect may terminate iConnect. Neither termination nor discontinuation shall affect Your liability or obligation under this Agreement.


Information Authorization
In order to investigate fraud related to iConnect, it may be necessary to obtain additional information from other financial institutions, merchants or consumer credit reporting companies. By accepting and using iConnect, You agree that We have the right to request a review of Your credit rating at Our expense through an authorized bureau.


Conflict Provisions
This Agreement is intended to supplement and not to replace other agreements between You and Us relating to Your Accounts. In the event of a conflict between this Agreement and any other Account rules and agreements that apply to Your Accounts, this Agreement shall govern and prevail, unless otherwise specified in this Agreement.


Governing Law
This Agreement will be applicable by federal laws and laws of the State of Minnesota.