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PRIVACY POLICY AND DISCLOSURE STATEMENT

At Home Federal Bank (HFB), protecting the privacy and confidentiality of your personal information is important to our employees and to us. We value your business and the trust you put in HFB and we want you to feel right at home. Our vision is to provide products and services that exceed your expectations. To meet this commitment, we collect, maintain, and use information about you on a routine basis. To help you better understand how your personal information is protected at HFB, we are providing you with the following statement describing our practices and policies with respect to the privacy of customer information. In the event you terminate your customer relationship with us, or become an inactive customer, we will continue to adhere to the policies and practices described in this notice.

Respect for right to privacy

HFB respects your right to privacy. Whether you provide this information to a HFB employee, visit our web site, or use our Internet Banking, we are committed to providing the highest level of security and privacy regarding the collection and use of this information. We will only request information necessary to help us meet your financial needs. We will take every precaution to provide you with the privacy and confidentiality you expect while serving your needs at all of our offices and through our virtual branch.

Collection and use of personal information

In order to identify and present products and services that meet and exceed your financial needs, HFB collects, retains, and uses nonpublic personal information about our customers as allowed by law. Your personal information is used to protect and administer your personal accounts and transactions, to comply with state and federal banking regulations, and to help HFB design or improve our products and services. Sources used to collect information include:

  • Applications or other account forms (your name, address, social security number, assets/income);
  • Your transactions with us, our affiliates, or others (account balance, payment history, parties to transactions and credit usage);
  • Information we receive from a consumer reporting agency (your creditworthiness and credit history).

Use and sharing of information outside of Home Federal Bank

HFB maintains procedures to protect confidential information about you and your products and services with us. You do not need to request this confidentiality; it is our standard practice. We do not disclose any nonpublic information about our customers, or former customers, to nonaffiliated third parties, unless we receive written permission from you or as permitted by law. As permitted by law, we may exchange the nonpublic personal information we collect from the sources noted above to companies that conduct marketing services on our behalf, or with other financial institutions with which we have joint marketing agreements. This allows us to provide our customers with products or services that we believe may meet their financial needs.

Use and sharing of information within the Home Federal Bank family

To continue meeting your financial needs and to provide you with superior products and services, HFB may share information about you and your HFB products with companies affiliated with HFB. Under the Fair Credit Reporting Act, HFB is allowed to share identification, transaction and experience information about you with companies related to us by common control or ownership (affiliates). By allowing us to share this information with our affiliates, which include investments/insurance and leasing , you allow us to serve your total financial needs. You may request that such information not be disclosed to our affiliates by contacting us toll-free at 1-800-244-2149 or 605-336-2470, contacting the nearest office, e-mailing us at info@homefederal.com, or writing us at Home Federal Bank, Deposit Services Department, P.O. Box 5000, Sioux Falls, SD, 57117-5000. In your request please include your name, address and social security number, as well as your direction, such as "Request to be excluded from Home Federal Bank's affiliate sharing of information." If you previously submitted an Opt Out, the information remains on file. It is not necessary to re-submit.

Protecting your information

We understand that the protection of your nonpublic personal information is of the utmost importance. HFB employs stringent security measures that comply with federal standards, in the collection and maintenance of your personal information. We restrict employee access of customer information to only those who have a business reason to know such information and we educate our employees about the importance of confidentiality and customer privacy. In addition, your on-line information is kept confidential through submission of encrypted e-mail requests sent to HFB's secure administration site. All HFB on-line account applications are submitted to HFB's secure administration site through an encrypted direct line to the bank.

HFB is committed to ensuring the information you have provided us is complete, accurate, and up to date. It is in the best interest of both you and HFB to maintain accurate records concerning your personal information. For this reason, HFB allows you to request an update of your personal information anytime. To verify the accuracy of our information or to correct inaccurate information, please contact us by phone, in person, by e-mail or in writing.

Funds Availability Disclosure

This policy statement applies to "transaction" accounts. Transaction accounts, in general, are accounts which permit an unlimited number of payments to third persons and an unlimited number of telephone and preauthorized transfers to other accounts of yours with us. Checking accounts are the most common transaction accounts. Feel free to ask us whether any of your other accounts might be under this policy.

Our policy is to make funds from your deposits available to you on the first business day after the day we receive your deposit. Electronic direct deposits, cash, and wire transfers will be available on the day we receive the deposit. Once they are available, you can withdraw funds in cash and we will use the funds to pay checks that you have written.

Please remember that even after we have made funds available to you, and you have withdrawn the funds, you are still responsible for checks that are returned to us unpaid and for any other problems involving your deposit.

For determining the availability of your deposits, the length of the delay is counted in business days from the day of your deposit. Every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit on a business day we are open we will consider that day to be the day of your deposit. However, if you make a deposit 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 immediately. Depending on the circumstances, funds may not be available until the fifth business day after the day of your deposit. 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. 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.

Deposits at Automated Teller Machines

Funds from any deposits (cash or checks) made at automated teller machines (ATMs) we do not own or operate may not be available until the second business day after the day of deposit. This rule does not apply at ATMs that we own or operate. All ATMs that we own or operate are identified as our machines. Funds from any deposit (cash or checks) made at automated teller machines (ATMs) we own or operate will be available the next business day, unless your deposit is made after the cut-off time posted at the ATM.

Sub Account Organization

For regulator reporting purposes, Home Federal Bank classifies your checking account in a nontraditional way. This does not affect your available balance, the interest you may earn, FDIC insurance, bank statements or any other feature of your account. Your account will consist of a transaction sub account and a savings sub account. The savings sub account will be governed by the same rules as our traditional savings accounts. Periodically, the bank may transfer funds between the two sub accounts. Although we have no intention of exercising this right, Home Federal reserves the right to require a seven day notice for any transfers from the savings sub account.

Fee Schedule

Personal Deposit Accounts Fee Schedule Revised: 05/01/10

The following fees may be assessed against your account and the following transaction limitations, if any, apply to their account:

Description Fee
Account Reconciliation $36.00 per hour
Bank Check $5.00 each
Check Blanks - see Harland pricing sheet varied
Check Images Returned with Statement $3.00 per cycle
Checkcard:
Balance Inquiry at ATM $1.50 per inquiry
Foreign Transaction Fee-ATM transaction outside SD or at a non-MoneyPass ATM $1.50 per transaction
Replace Lost/Damaged Card $6.00 per card
Replace PIN $2.50 per request
Coin Handling $5.00 minimum or 1% of total, whichever is greater
Collection Item $35.00 per item
Copy of Check Cleared $3.50 each
Copy of Deposited Item $3.50 each
Counter Checks (three checks and one deposit slip per page) $2.00 per 9 checks/3 pages
Counter Deposit Tickets (four deposit tickets per page) $2.00 per 12 tickets/3 pages
Fax Service $3.25 per page
Gift Cards $4.00 per card
Bulk gift card orders are available for business customers with a $20 batch fee $5.00 per card
Inactive Account Fees:
Checking Account - no activity for 1 year and balance less than $500.00 $5.00 per month
Money Market Account - no activity for 1 year and balance less than $500.00 $5.00 per month
Savings Account - no activity for 1 year and balance less than $100.00 $5.00 per month
Money Order $3.00 each
Non-sufficient or Uncollected Funds:
Continuing Overdrafts (each 5 days) $35.00 each 5 days
Item or Check Paid / Returned $32.00 per item
Online Banking FREE
Online Bill Pay
Bundled with Rewards or Rewards+ Checking FREE
With other checking accounts $5.95 per month
Photocopies $0.25 each
Research $50.00 per hour
Return Deposited Item $6.00 per item
Returned Mail Handling Fee $5.00 per month
Rolled Coin Purchase $0.15 add'l per roll
Safe Deposit Boxes varied
Savings Accounts NSF Fee $32.00 each
Statement Printout $1.25 per page
Stop Payment $32.00 each
Transfer Fee
DDL Transfer Fee (automatic transfer from DDL into checking account) $4.00 per daily transfer
External Transfer Fee (transfer from a HFB account to another financial institution) $5.00 per transfer
Traveler’s Checks $1.50 per $100.00
Wire Transfers:
Incoming $15.00 each
Outgoing $25.00 each
Outgoing - International $50.00 minimum or actual cost, whichever is greater

TRUTH IN SAVINGS DISCLOSURE - REWARDS CHECKING ONLINE

Date: May 2010

The interest rate and annual percentage yield stated below are accurate as of the date printed above. If you would like additional rate and yield information please call us at (800)244-2149.

This disclosure contains the rules which govern your deposit account. Unless it would be inconsistent to do so, words and phrases used in this disclosure should be construed so that the singular includes the plural and the plural includes the singular.

We reserve the right to, at any time, require not less than 7 days notice in writing before any withdrawal from an interest bearing account.

VARIABLE RATE

The interest rate for your account is variable; therefore, your interest rate and annual percentage yield may change. The interest rate and annual percentage yield for your account depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers may change.

Determination of rate

Rates are determined by Home Federal Bank. At our discretion, we may change the interest rate on your account at any time. The interest rate for your account depends on the applicable rate tier. The balance tiers and rates for this account are as follows:

BALANCE TIERS RATE APY
$ 0 -$ 999 0.00% 0.00%
$ 1,000 -$ 4,999 0.03% 0.03%
$ 5,000 -$ 9,999 0.07% 0.07%
$10,000 & ABOVE 0.10% 0.10%

Frequency of rate change

We may change the interest rate on your account at any time.

Minimum Balance Requirements

You must deposit at least $100.00 to open this account. No minimum balance is required on this account.

Compounding and Crediting

Interest will be compounded monthly. Interest will be credited to your account on the last day of your statement cycle. If you close your account before interest is credited, you will receive the accrued interest.

Balance Computation Method

We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on noncash deposits

Interest begins to accrue on the business day you deposit noncash item

ELECTRONIC FUND TRANSFER - YOUR RIGHTS AND RESPONSIBILITIES

The Electronic Fund Transfers we are capable of handling for consumers are indicated below, some of which may not apply to your account. Please read this disclosure carefully because it tells you your rights and obligations for these transactions. For purposes of this disclosure, our business days are Monday through Friday. Holidays are not included. You should keep this notice for future reference.

TYPES OF TRANSFERS, FREQUENCY AND DOLLAR LIMITATIONS

1. 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 Clearinghouse (ACH) or other payment networks.

Your authorization to the third party to make these transfers can occur in a number of ways. In some cases, your authorization can require you to provide the third party with your account number and bank information. This information can be found on your check as well as on a deposit or withdrawal slip. Thus, you should only provide your bank 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:

  • Preauthorized credits. You may make arrangements for certain direct deposits to be accepted into your checking or savings account(s).
  • Preauthorized payments. You may make arrangements to pay certain recurring bills from your checking or savings account(s).
  • Electronic check conversion. You may provide your check to a merchant or service provider who will scan the check for the encoded bank and account information. The merchant or service provider will then use this information to convert the transaction into an electronic funds transfer. This may occur at the point of purchase, or when you provide your check by other means such as by mail or drop box.
  • Electronic returned check charge. Some merchants or service providers will initiate an electronic funds transfer to collect a charge in the event a check is returned for insufficient funds.

2. Telephone Transfers. You may access your account(s) by touch-tone phone at 605-333-2470 or Toll Free at 1-800-244-2149 by keying your account number(s) and personal identification number (PIN) that you receive when you sign up for this service. You will be able to:

  • Transfer funds between accounts you have with us.
  • Make payments from checking and savings account(s) to a loan you have with us.
  • Get account balance information.

3. ATM Transfers. You may access your account(s) by ATM using your ATM or VISA Checkcard and PIN, to:

  • Make deposits to your checking or savings account(s).
  • Get cash withdrawals from your checking or savings account(s) up to the daily dollar limit disclosed in writing at account opening.
  • Transfer funds between your checking and savings account(s).
  • Get account balance information.
  • Some of these services may not be available at all ATM terminals. A monthly service fee is assessed for the ATM card (See Fee Schedule).

4. Point-of-Sale Transactions. You may use your Checkcard with the VISA Logo to access your checking account, to:

  • Purchase goods in person, by phone, or by computer.
  • Pay for services in person, by phone or by computer.
  • Get cash from a merchant, if the merchant permits, or from a participating financial institution.
  • Do anything you can do with a credit card.

A daily dollar limit will be disclosed in writing at account opening.

5. Internet Banking Transfers. You may access your account(s) by computer through Online Banking at www.homefederal.com. You will need a user code and password which you will receive when you sign up for this service. You may use Online Banking to:

  • Transfer funds between accounts you have with us.
  • Make payments from checking and savings account(s) to a loan you have with us.
  • Get account information.
  • Make payments from checking to third parties (Online Bill Pay).

GENERAL LIMITATIONS

In addition to the limitation on transfers and fees elsewhere described, the following limitations also may apply:

1. Limitations on Frequency of Transfers and Preauthorized Withdrawals. Transfers from a money market or savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per month. Should you exceed the allowed maximum of 6 per month, a fee per incident will be charged to your account (See Fee Schedule).
2. Fees. Except as indicated below, we do not charge for Electronic Fund Transfers:

  • When you use an ATM not owned by us, you may be charged a fee by Home Federal.
  • 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 funds transfer).
  • If an ATM or Checkcard withdrawal is made and the funds are not available, an insufficient funds fee may be assessed (See Fee Schedule).
  • A replacement card fee will be assessed whenever a new card is requested (See Fee Schedule).

RIGHT TO TRANSFER DOCUMENTATION

1. ATM or Check Card Terminal Transfers and Purchases. You may request a receipt at the time you make any transfer to or from your account using an ATM or a point-of-sale terminal. Some terminals may not provide a receipt for ATM or POS transactions of $15 or less.
2. Online Banking. You may verify all recent account activity using our Online Banking and your password and user name.
3. Preauthorized Credits/Withdrawals. If you have arranged to have direct deposits or withdrawals made to your account at least once every 60 days from the same person or company, you can call us at the telephone number listed at the end of this disclosure to find out whether or not the deposit or withdrawal has been made.
4. Periodic Statement. You will get a monthly account statement from us for your checking account. You will get a monthly account statement from us for your savings account, unless there is no activity in a particular month. In that case, you will at a minimum get a quarterly statement.

ADDITIONAL RIGHTS FOR PREAUTHORIZED PAYMENTS

1. 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 with the exception of ATM or Checkcard transactions. Call or write us at the telephone number or address listed below, 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. Stop payments are subject to a fee (See Fee Schedule).
2. Notice of varying amounts. If these regular payments 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 differ by more than a certain amount from the previous payments, or when the amount would fall outside certain limits that you set.
3. Liability for failure to stop payment of preauthorized transfer. If you order us to stop one of these payments three business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages.
4. Liability for failure to stop payment of electronic presentment of checks. If any of your checks are converted to an electronic presentment by others, we shall have no liability to you should we fail to honor any stop payment order you have placed on the check. Also, we shall have no liability to you for duplicate payments if a paper check and an electronic re-presentment are both presented. This limitation of our liability to you in no way affects your legal right to dispute an electronic presentment under applicable rules and regulations, nor does it affect your legal rights to recover a duplicate payment from the third party payee.

DISCLOSURE TO THIRD PARTIES

Our policy with respect to disclosure of information about your account to third persons is set forth in our Privacy Policy and Disclosure Statement, which is provided to each customer upon opening an account and annually thereafter. You should know that it is our general policy to only disclose information to third parties in the following situations:

  • 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.

FINANCIAL INSTITUTION'S LIABILITY

1. 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 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; or
  • If circumstances beyond our control (such as a fire or flood) prevent the transfer, despite reasonable precautions we have taken.
  • There may be other exceptions stated in our agreement.

CONSUMER'S LIABILITY

1. Unauthorized Transfers. Tell us AT ONCE if you believe your card and/or PIN 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 losses down. You could lose all the money in your account (plus your maximum overdraft line of credit, if applicable).
If 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 and/or PIN without your permission. If you do NOT tell us within two 2 business days after you learn of the loss or theft, and we can prove we could have stopped someone from using your card and/or PIN 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, code 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 period.
2. Additional Limits under Visa's Zero Liability Policy. Unless you have been grossly negligent or have engaged in fraud, you will not be liable for any unauthorized purchases made through the Visa/Interlink network at merchants, including those transacted on the Internet, if you contact us within 60 days after the monthly account statement on which the transactions occurred was mailed to you. Visa's Zero Liability Policy covers U.S. issued cards only and does not apply to ATM transactions, PIN transactions not processed by Visa, or certain commercial card transactions. Visa is a registered trademark of Visa International Service Association.
3. Contact in the event of Unauthorized Transfer. If you believe your card and/or PIN has been lost or stolen, call or write us at the telephone number or address listed at the end of this disclosure. You should all call the number or write the address listed if you believe a transfer has been made using the information from your check without your permission.

ERROR RESOLUTION NOTICE

In case of errors or questions about your electronic transfers, call or write us at the telephone number or address listed at the end of this disclosure, 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. If you tell us orally, we may require that you send us your complaint or question in writing within 10 business days. 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.

We will determine whether an error occurred within 10 business days (five 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 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 questions in writing and we do not receive it within 10 business days, we may not credit your account. An account is considered new for 30 days after the first deposit is made, if you are a new customer.

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 the copies of the documents that we used in our investigation.

ATM/CHECKCARD AGREEMENT

This agreement contains the terms applicable to your Home Federal ATM/Checkcard ("Card"). In consideration of receipt of your card, you will be bound by this agreement. Your activation or use of the Card will be further evidence of your agreement to these terms. In addition, the Terms and Conditions of Your Account, along with other disclosures given to you at account opening will govern all transactions initiated through the use of your card to the extent not addressed in this Agreement.

In consideration of the receipt of the Card and the privileges to which the holder thereof is entitled, you hereby agree to the following terms and conditions in the use of the Card:

a) In this agreement the term "Account" refers to your primary checking account at the Bank, unless you indicate otherwise in connection with an ATM transaction. The words "you" and "your" refer to the Account owner(s) executing this Agreement. The term "the bank" refers to Home Federal Bank, Sioux Falls, South Dakota.
b) The Card and its coding is and remains the property of the Bank. You agree to surrender said Card to the Bank immediately upon request or when you close or otherwise change the status of your Account(s).
c) The Bank reserves the right to cancel or amend this Agreement at any time. If amended, the Bank will provide you notice when the amendment takes effect. If any change results in greater cost or liability to you or decreases access to your Account(s), you will be given at least 30 days notice prior to the change. Your continued use of the Card thereafter will indicate your agreement to any amendments.
d) The Bank may issue a Card to each joint owner of your Account(s). Each Card will be issued in the name of the relevant joint owner and will have its own unique PIN. If your Account(s) is a joint account, all transactions involving the Account(s) accomplished by one joint account owner are binding on all Account owners.
e) You agree to use this Card as instructed and only for purposes authorized by the Bank. You are authorized to use the Card to withdraw amounts from your account(s) prior to card expiration. Transactions may be initiated against your Account(s) only by (1) the combined use of your Card and your Personal Identification Number ("PIN") or (2) the use of the Card at participating merchants. You agree that in any event, except as specifically provided in paragraph (g) below, all transactions made to your Account(s) by the Bank as a result of the use of this card or by the use of a card issued to any other person who is named as joint owner of the affected Account(s) shall be fully binding on you. You authorize the Bank to debit or credit your Account(s) for the amount of each cash advance from an authorized financial institution or ATM, each funds transfer, and each purchase made with your Card.
f) You agree not to authorize or permit any other person to use the Card. You agree not to disclose the PIN to anyone, nor otherwise record it on the Card. You agree to keep your Card and PIN separated and to take other reasonable steps to assure that in the event your Card is lost or stolen, the finder or thief will not also obtain the PIN.
g) You agree to notify the Bank if the Card is lost or stolen, if the statement of Account(s) contains any unauthorized deposits, withdrawals, purchases, borrowings or transfers, or a receipt is in error. You agree to notify the Bank within two business days of discovery. You must notify the Bank within 60 days if unauthorized electronic fund transfers appear on your statement (See your Electronic Funds Transfer disclosure for further details). Failure to notify the Bank could result in losses up to $50.00.
h) You agree that this Card is governed by the Uniform Commercial Code ("UCC") and the mutual rights and obligations of such. In receiving deposits, the Bank acts only as a collecting bank as defined in the UCC. All deposits and payments shall be subject to verification. Rev. 3/2010
i) If you use your Card in connection with a transaction outside of the U.S., the charge or credit will be converted into a U.S. dollar amount. The conversion rate for signature-based transactions is a rate selected by VISA from a range of rates available in wholesale currency markets for the applicable central processing date plus one percent (the one percent conversion fee will be combined with the purchase on your statement). This rate may vary from the rate Visa itself receives, or the government-mandated rate in effect for the applicable central processing date. The conversion rate for PINned transactions will be determined by the bank affiliated with the ATM or merchant (the "Acquiring Bank") where you use your Card plus one percent (the once percent conversion fee will be combined with the transaction on your statement). The Acquiring Bank will utilize its own internal currency conversion procedures. The Bank will post the transaction to your Account in the converted U.S. dollar amount plus the one percent fee.
j) You agree that while maintaining a Card bearing the VISA logo, with the Bank, that credit information about you can be obtained from a credit bureau or other source.
k) The Bank is providing the Card to you as a banking service. However, it is possible this service may not function properly at all times. The Bank makes no claims or warranties with respect thereto and shall not be responsible or liable if the service should fail to function properly. Even though your Account(s) may have a balance sufficient to cover a transaction, electronic terminals, merchants, financial institutions and others who accept your Card may not be able to complete the transaction. The Bank is not liable for the refusal or inability of such terminals or persons to honor your Card or to complete a transaction initiated with your Card, or for the retention of your Card by such terminals or persons.
l) If you use your Card at an ATM that is not part of our surcharge free network, you may be charged a fee by the operator of the ATM or by another automated transfer network. These fees will be included in the debit amount shown on your Account(s) statement and reflected on the receipt you receive at the time of the withdrawal.
m) Money for transactions using your Card comes directly out of your Account(s). If you make a purchase, obtain cash or transfer funds in excess of your available funds, which overdraws your account, an overdraft fee may be charged and the Bank may revoke your right to use your Card. In the event your Account(s) is overdrawn, you agree to promptly reimburse the Bank for the amount of the overdraft and all applicable fees.
n) Notwithstanding paragraph (m), if you have entered into a Checking Reserve Agreement with the Bank, then your Card may be used to access your Checking Reserve Account. Any transaction with your Card that accesses your Checking Reserve will be subject to the terms and conditions disclosed in your Checking Reserve Agreement, including the provisions regarding the computation of finance charges and applicable fees. The overdraft provisions disclosed in (m) will be applicable only if the amount of any Card transaction exceeds the balance of your Account and funds are not available (because you have exceeded the credit limit or for any other reason) from your Checking Reserve Account.
o) Your Checkcard allows you to conduct purchase transactions on the Visa, Accel or PULSE® debit networks. If you choose the debit button at the merchant terminal, you will generally be required to enter your PIN. Some merchants are authorized to accept non-Visa debit transactions without requiring you to enter your PIN. If you choose the credit button to authorize a purchase transaction, the transaction will be routed as a Visa transaction. If the merchant accepts more than one purchase network you have the right to select credit or debit. Provisions of your cardholder agreement that specifically relate to Visa transactions are inapplicable to any non-Visa debit transactions.
p) Fees: See Deposit Account Fee Schedule

CONSUMER BILL PAYMENT AGREEMENT & DISCLOSURES

Welcome to Home Federal Bank's Online Bill Payment Service. Use of the Online Bill Payment Service indicates acceptance of terms and conditions set forth in the Online Banking Agreement & Disclosures and the terms and conditions set forth in this Bill Payment Agreement & Disclosures ("Agreement") as each may be jointly and/or independently amended from time to time. This Agreement is provided in electronic form, and by using the Online Bill Payment Service you agree to accept the Agreement in that form. Please read the Agreement carefully because it is our legal agreement with you that governs your use of our Bill Payment Service.

INTRODUCTION

Through Online Banking you may subscribe to our optional Bill Payment Service. The Bill Payment Service allows you to schedule payments through the Internet for current, future, and recurring bills from your checking account with us.

You may use our Bill Payment Service to direct us 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 agreements, disclosures and other documents in effect from time to time governing your deposit account with us, including the Internet Banking Service Agreement.

"Bill Payment Service" and/or "Service" means the bill payment service that Home Federal Banks makes available over the Internet and is also a Service under the Agreement. "Bank", "we", "our", or "us" means Home Federal Banks. "Account" means the deposit account you designate to process Bill Payment transactions through. "Payee" or "Merchant" means anyone you designate and we accept as a payee. "Payment" means your remittance to a payee.

REQUIREMENTS & RESTRICTIONS

To subscribe to Bill Payment, you must designate a specific checking account to process your Bill Payment transactions through. The account you designate for this purpose must be in good standing with us in accordance with our criteria.

We will not permit you to use a money market or savings account as your designated Bill Payment account because federal regulations require us to limit the number and types of transfers from money market and savings deposit accounts.

Requirements for dual signatures on checks do not apply to the Bill Payment Service.

PAYEE DESIGNATION

You can use the Bill Payment Service to make payments to almost any Payee you want including individuals, local service providers, utilities, credit cards, or to make mortgage or loan payments, or charitable donations, etc.

The Bill Payment Service cannot be used to make payments for the following:

  • Tax payments to the Internal Revenue Service or any state, local or other government agency;
  • Court-ordered payments such as child support or alimony; and
  • Payees located outside of the United States.

By furnishing us with the names of your Payees (merchants and/or individuals) and their addresses, you give us authorization to follow the payment instructions, which you provide to us. When we receive a payment instruction for the current date or a future date, we will remit the funds to the Payee on your behalf from the funds in your designated account on the day you have instructed them to be sent (Payment Date). We are not obligated to pay funds from your account if the available account balance is insufficient to cover the payment. Funds for ALL bill payments, whether paid electronically or by check, will be withdrawn from your account no later than three (3) business days following the payment date.

We are not responsible if a payment cannot be made due to incomplete, incorrect, or outdated information provided by you regarding a merchant, or if you attempt to pay a merchant that is not on your Merchant Accounts list.

MAKING / SCHEDULING PAYMENTS

You may use the Bill Payment Service to authorize recurring payments or non-recurring payments. Recurring payments are payments that you schedule in advance to recur at substantially regular intervals in the same amount to the same Payee. Recurring payments may be scheduled for up to ten (10) years. Non-recurring payments are a single, one-time payment to a specified Payee. Non-recurring payments may be scheduled to be initiated up to eighteen (18) months in advance.

We limit the amount of each individual Bill Payment transaction to $10,000.00.

Payments are processed Monday through Friday at 1:00 PM (Central Time), except on Federal holidays. If you attempt to schedule a Payment on a weekend or Federal holiday, you will be prompted to select a different date, or the Payment will be processed on the preceding business day if it is an auto recurring Payment. The Payment method may be electronic or by check. The first Payment to a Merchant must be scheduled at least five (5) business days prior to the due date for each bill Payment (recurring or variable) to allow adequate time for the Payment to reach the Payee. The due date is the date the Merchant has designated for payment, and should not be adjusted for any grace period or late date accommodations the Merchant may provide. Once the Bill Payment Service has been notified whether a Merchant accepts electronic payments or requires a paper check, after making the first Payment to that Merchant, the Bill Payment Service will display a message indicating that the Merchant requires either a two (2) business day lead time for an electronic payment, or a five (5) business day lead time if a paper check sent by regular mail is required.

Any Payments made with Bill Payment require sufficient time for your Payee to credit your account with them properly. To avoid incurring a finance charge or other charge, you must schedule a Payment sufficiently in advance of the due date of your Payment. If you fail to schedule your Payment according to the recommended timeframe, we will not be responsible for the late fees or finance charges. We will not be liable if any third party, through whom any Payment is made, fails to properly transmit the Payment to the intended Payee.

You agree to have available and collected funds on deposit in the account you designate in amounts sufficient to pay for all Payments requested, as well as any other payment obligations you have to us. We reserve the right, without liability, to reject or reverse a Payment if you fail to comply with this requirement or any other terms of this Agreement. If you do not have sufficient funds in your designated account and we have not exercised our right to reverse or reject a Payment, you agree to pay for such payment obligations on demand. You further agree that we, at our option, may charge any of your accounts with us to cover such payment obligations.

CHANGE OR DELETE PAYMENTS / STOP PAYMENTS

Any Payment can be changed or cancelled; provided you access the Service prior to 1PM Central Time on the business day the Payment is going to be processed.

We shall not be liable to you due to a stop payment request if your order to do so is not presented prior to the time the check has cleared. Once the Payment has cleared, you can no longer stop the payment.

PAYMENT GUARANTEE

If all Payment guidelines were followed and a payment is still posted late to your account with a Merchant resulting in a late fee, at our discretion, we will make an attempt to have the Merchant waive the late fees. If the Merchant is unwilling to waive late fees, up to $50 in late fees assessed by the Merchant will be covered by us. However, due to factors beyond our control such as the U.S. Mail and payment processing at the Merchant, it is not guaranteed that a Payment will post on the fifth business day (or second, if issued electronically). It is imperative to note that Merchant grace periods are not taken into consideration, and if adequate lead time prior to the payment due date was not allowed by you in scheduling the Payment, this Guarantee is void.

NOTE: If the Merchant is not willing to discuss late fees or status of the account with us, you will be notified and advised that the Merchant requires your authorization before further discussions can occur between us and the Merchant.

LIABILITY

You are solely responsible for controlling the safekeeping of and access to your Bill Payment information. 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. If you want to terminate another person's authority, you must change your Online Banking logon password. In the event that you have experienced unauthorized access to our Bill Payment, you must notify us of the unauthorized access, identify any Payments made or potential Payments scheduled, and change your logon information.

You will be responsible for any Payment request you make that contains an error or is a duplicate of another Payment. We are not responsible for a Payment that is not made if you did not properly follow the instructions for making the Payment. We are not liable for any failure to make a Payment if you fail to promptly notify us after you learn that you have not received credit from a Payee for a Payment. We are 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 our agent.

In any event, we 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 we have knowledge of the possibility of them. We are 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 our reasonable control.

INACTIVITY

If you do not access or use the Bill Payment Service for a period of more than sixty (60) days, we may in our sole discretion, terminate your access to and use of the Bill Payment Service without notice to you. If you choose to reactivate your account after it has been deactivated, we may charge a fee of $15.00 to reactivate it.

TERMINATION

We reserve the right to terminate your use of Bill Payment at any time without prior notice to you.

If, for any reason, you should want to terminate your use of our Bill Payment Service, we recommend that you cancel all future bill payments and transfers at the same time you terminate the Service, either by deleting the payments yourself or by contacting the Credit Union as stipulated below. We will delete all outstanding payments (both one-time and recurring), as part of your Service termination.

We are not responsible for any fixed payment made before we have a reasonable opportunity to act on your termination notice. You remain obligated for any and all Payments made by us on your behalf through the Bill Payment Service.

Should you opt to discontinue any of the accounts or services to which this Agreement pertains, written notice must be provided to us immediately at the following address:

Home Federal Bank
225 S Main Avenue
Sioux Falls, SD 57104

AGREEMENT ASSIGNMENT AND AMENDMENT

We reserve the right to amend or cancel any of the provisions of this Agreement, including changes to any fees, costs, or assessments. We may amend or cancel any provision or charge by disclosing the change electronically, and, at our option, by sending you notification in addition thereto. We will provide notice of thirty (30) days of any changes (or such lesser period as may be allowed by applicable law) unless an immediate change is necessary to maintain the security of the system. You may choose to accept or decline amendments, cancellations or changes by continuing or discontinuing the accounts or services to which these changes relate, at your option. We also reserve the option, in our business judgment, to waive, reduce or reverse charges or fees in individual situations.

ONLINE BANKING DISCLOSURE

Please read this disclosure carefully. It contains the terms and conditions that apply to your use of Home Federal Bank’s Online Banking service.

TRANSFER TYPES AND LIMITATIONS:

You may access Online Banking with your "User Code" and "Password" to:

  1. Transfer funds between Home Federal Bank accounts (excluding passbook accounts)
  2. Get information about:
    • account balances
    • checks that have cleared
    • most recent deposits or withdrawals
  3. Place a Stop Payment on a check you have written (Fees apply. Refer to the current Fee Schedule.)
  4. Enroll and pay bills from your checking account using our Online Bill Pay service (refer to Online Bill Pay Disclosure for details/restrictions)
  5. Enroll in eNotifications
  6. View previously produced statements and notices

GENERAL LIMITATIONS:

1. Limitations on Frequency of Transfers and Preauthorized Withdrawals. Transfers from a money market or savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per month. Should you exceed the allowed maximum of 6 per month, a fee per incident will be charged to your account (See Fee Schedule).
2. Transactions made after 7:00 PM(Central time) on a business day, may not be processed until the next business day.

FEES:

There are no monthly or transaction fees for accessing your accounts through Online Banking. Please refer to the current Account Disclosure for fees that may apply to your account(s).

CONFIDENTIALITY:

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

  1. Where it is necessary for completing transfers; or
  2. In order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant; or
  3. In order to comply with government agency or court orders; or
  4. If you give us written permission;
  5. As explained in the separate Privacy Disclosure

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 instance:

  1. If through no fault of ours, you do not have enough money in your account to make the transfer;
  2. If the transfer would go over the credit limit on your overdraft line;
  3. If the automated teller machine where you are making the transfer does not have enough cash;
  4. If the terminal or system was not working properly and you knew about the breakdown when you started the transfer; or
  5. If circumstances beyond our control (such as a fire or flood) prevent the transfer, despite reasonable precautions we have taken.
  6. There may be other exceptions stated in our agreement.
  7. If you have not property followed the Online Banking instructions.

PROTECTION OF USER CODE / PASSWORD:

Protect the secrecy of your User Code, password, pass phrase and authentication image (pass codes). Do not share this information with anyone or write it where it can be discovered. We suggest you change your password every six months.

CONSUMER LIABILITY:

1. Unauthorized Transfers. Tell us AT ONCE if you believe your User Code and/or Password has been lost or stolen, or if you believe that an electronic fund transfer has been made without your permission. Telephoning is the best way of keeping your losses down. You could lose all the money in your account (plus your maximum overdraft line of credit, if applicable).

If 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 User Code and/or Password without your permission. If you do NOT tell us within two 2 business days after you learn of the loss or theft, and we can prove we could have stopped someone from using your card and/or PIN 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 (such as a long trip or a hospital stay) kept you from telling us, we will extend the time period.

2. Contact in the event of Unauthorized Transfer. If you believe your card and/or PIN has been lost or stolen, call or write us at the telephone number or address listed at the end of this disclosure. You should all call the number or write the address listed if you believe a transfer has been made using the information from your check without your permission.

ERROR RESOLUTION NOTICE

In case of errors or questions about your electronic transfers, call or write us at the telephone number or address listed at the end of this disclosure, 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. If you tell us orally, we may require that you send us your complaint or question in writing within 10 business days. 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.

We will determine whether an error occurred within 10 business days (five 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 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 questions in writing and we do not receive it within 10 business days, we may not credit your account. An account is considered new for 30 days after the first deposit is made, if you are a new customer.

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 the copies of the documents that we used in our investigation.

Home Federal Bank
P.O. Box 5000
Sioux Falls, SD 57117-5000
In-Touch Banking Business Hours: (Excluding Holidays)
Monday through Friday - 7:30 a.m. to 7:00 p.m.
Saturday - 8:00 a.m. to Noon
Phone: (605)336-2470 or Toll Free 1-800-244-2149

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800-244-2149 | www.homefederal.com
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