The term "Online Banking" refers to our service that allows you to transfer funds, access accounts, obtain information, and perform other transactions over the Internet, including the optional Bill Payment service, by use of a compatible personal computer (with sufficient power and memory) and modem and/or other means which we now authorize or may allow from time to time.
This agreement states the terms and conditions that apply when you use our Online Banking service. These terms and conditions are in addition to those terms and conditions that apply to any accounts you have with us or any other services you obtain from us. This agreement shall be governed by and interpreted under Louisiana and federal law. We reserve the right to amend or terminate the Online Banking service at any time.
You agree that the account security is controlled by the Online Banking Identification Number assigned by us, together with the Online Banking Personal Identification Number ("PIN") chosen and entered by you. You will be requested to change your PIN the first time you enter the Online Banking service. You can change your PIN at any time through the Account management section of the Online Banking service. You are responsible for all transactions that you or any authorized user makes. If you have given someone your Online Banking Number and PIN and want to terminate that person's authority, you must change your identification number and PIN or take additional steps to prevent further access by such person. You agree to protect the PIN and hold us harmless from unauthorized use. Any information downloaded by you to your financial or other software becomes your property and responsibility.
You agree that the provisions of joint account ownership apply to the Online Banking service if the account(s) being accessed is jointly owned and agree that each owner authorizes the other to use the Online Banking service.
You acknowledge that transaction limitations, as described in the Truth in Savings Disclosure you received when you opened your deposit account(s) or subsequently thereafter, apply to transfers from savings or money market accounts. Federal regulation limits transfers to six per statement cycle when initiated by telephone, electronic, or other pre-authorized means. You acknowledge that an "excess transaction" fee as disclosed in our Fee and Services Charge Schedule, will apply to transactions that exceed the transaction limitation.
Bill Payment Services
All Central Progressive Bank customers that sign up for our free on-line banking are also automatically signed up for our free PowerPay bill pay service. You are responsible for all transactions that you or any authorized user makes or authorizes, even if the person you authorize exceeds your authority. If you have given someone your netTeller identification number and NetTeller PIN and want to terminate that persons authority, you must change your identification number and PIN or take additional steps to prevent further access by such person. You agree to protect your NetTeller PIN and hold us harmless from unauthorized use.
Schedule of Fees and Service Disclosure
Central Progressive Bank offers their PowerPay bill pay service free of charge to all of their on-line banking customers.
- Monthly per User Fee - FREE!
- Transaction Fee - FREE!
- NSF - Payments will not be sent out if your available funds are lower than the payment being sent, however if a payment is sent via an electronic E-check and clears your account at a later date when your account does not have the available funds you will be charged the normal NSF fee's of $33.50 for each item and $6.25 per day from the second day on until the account is brought back into a positive balance.
- Stop Payment fee - On Payment requested after scheduled payment date: $33.50 (bank fee on all stop payments)
Service Disclosures
Bill Payments: Allowing Sufficient Time: All payments you designate will be made from the account you designated as your primary account for the CPB Power Pay Service. All payments must be payable in U. S. Dollars. Payments may take up to ten days to reach the vendor and they will be sent either electronically or by check. We are not liable for any service fees or late charges incurred by you, if you do not provide timely, complete and accurate information or if you do not properly follow our instructions. You also understand that you are responsible for any loss or penalty incurred due to insufficient funds or other conditions that may prevent the posting of payments from your account.
Errors or Questions: In case of errors or questions about your electronic bill payments, please call Customer Service at (985) 882-2269.
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