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MENARD
NATIONAL BANK
ELECTRONIC FUNDS TRANSFER POLICY
Menard National Bank provides the
following Electronic Funds Transfers:
Direct Deposits
Preauthorized Withdrawals
Stop Payments
Telephone Banking
P/C Based Banking
ATM Transactions
The customer may make arrangements to have certain direct deposits accepted
into their checking account or savings account.
The customer may make arrangements to have certain recurring bills paid from
their checking account.
The customer has the right to stop payments on their account (See EFT
Procedure for details).
It is the policy of Menard National Bank not to charge for Direct Deposits,
or Preauthorized Withdrawals.
Menard National Bank charges $15.00 for each stop payment order given.
Menard National Bank has TeleBanking and Tele-P/C banking available to its
customers. Each customer must complete and sign an authorization form for
the service. The customer then must enter their social security number and
“pin” number to gain access to their account. A temporary pin number is a
number the customer provides to allow initial access to the system. Only the
Bank and the customer know this number. The first call that the customer
makes to access the Telebank system they are required by the system to input
a new, secure pin code. For security reasons, only the customer knows this
number. The Tele-P/C works in the same manner, however the bank has to
activate the P/C user. All Telebank and Tele-P/C user’s temporary pin
numbers are kept in the vault.
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