 | Online Banking Agreement | | Contributed by: | VP
Back Office/Deposit Operations | | Asset size: |
Bank
with
under $250m
| | Location: |
Midwest
|
| Description: Online Banking agreement for consumer E-banking. |
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MORE PEER CONTRIBUTED DOCUMENTS: | Online Banking Agreement Disclosure | | Contributed by: | VP
Vendor Management/Vendor Selections | | Asset size: |
Bank
with
between $500m - $1b
| | Location: |
Southeast
|
| Description: This Online Aggount Agreement is 35 pages long. It was written by our senior lawyer and reviewed by the compliance officer and online banking administrsator for content. Our auditors feel this document covers the bank in all areas of online banking. Included products and features in the agreement are: Acceptance and Amendment of this Agreemen, Explanation of Certain Terms, Online Banking Services, Types of Online Banking Services (Online Account Services, Stop Payment Services, Funds Transfer Services, External Funds Transfer Services, Voice Banking Services, Mobile Banking Services, Third Party Transfer Services, Online Statement Services, Combined Statements, ACH Transfer Services, Wire Transfer Services, Bill Pay Services, Remote Deposit Capture Services, Finance Aggrigation Services, Credit Card Services, Business Transfer Authorization Services & Online Account Opening Services), Individual Agreement for Online Banking Services, Term, Fees and Expenses, Connected Accounts and Per |
| Electronic Banking Application/ Agreement | | Contributed by: | CIO
Back Office/Deposit Operations | | Asset size: |
Bank
with
between $250m - $500m
| | Location: |
West
|
| Description: Electronic Banking Application and Agreement that combines Online Banking, Bill Pay, & Mobile Banking |
| Wire Transfer Policies | | Contributed by: | Manager
Technology | | Asset size: |
Bank
with
between $250m - $500m
| | Location: |
West
|
| Description: RISK FACTORS
Funds transfers present a heightened degree of risk, depending on such factors as the number and dollar volume of transactions, geographic location of the originators and beneficiaries, and whether the originator or beneficiary is a YOUR BANK customer.
RISK MITIGATION
Wires can only be initiated at the branch or through Online Banking faxed by the customer directly to E-Banking will not be accepted.
INTERNET INITIATED WIRES
Wires initiated through Online Banking via the internet, are received through Q2 Central electronically. These wires are for Business customers only. These customers have signed up for Business Online Banking and have completed the Business Online Banking agreement as well as the Business Online Banking Wire Agreement. This Agreement
General Risk Mitigation
Wire transfers may involve extremely large dollar amounts and represent significant risk exposure for the bank. Therefore, extraordinary security and internal controls are essential in this |
RELATED QUESTIONS AND ANSWERS: | Q | Commercial and Retail Online Banking Agreements | |
Asked by:
| Technology | | Asset size: |
Bank
with
between $500m - $1b
| | Location: | KS |
How are banks who have two different online banking agreements (retail and commercial) displaying those to the consumer on first sign in to Online Banking? |
| | | A | | Answered by: | Compliance/BSA/Legal | | Asset size: |
Bank
with
under $250m
| | Location: | OK |
We currently do not display the disclosures online. We provide hard copy disclosures to ...
|
|
| Q | Business Internet Banking Agreement | |
Asked by:
| Back Office/Deposit Operations | | Asset size: |
Bank
with
between $500m - $1b
| | Location: | WI |
Do you have a separate agreement for business internet banking versus consumer internet banking? Do you require the agreement for business internet banking to be physically signed? |
| | | A | | Answered by: | AVP,
Vendor Management/Vendor Selections | | Asset size: |
Bank
with
between $500m - $1b
| | Location: | TX |
For consumer retail Internet banking, we have the terms and conditions online and the con...
|
|
RELATED EXAM EXPERIENCES:  | | FDIC - Compliance
| March 2012 | |
exam experience posted by a
VP
Cash Management/Treasury Services
from member with
over $1b
in assets
| | Questions concerning Board approval of our risk policies. We thought we had this area covered, but they wanted more. |
|
| | FDIC - Compliance
| October 2012 | |
exam experience posted by a
VP
Risk Management
from member with
between $500m - $1b
in assets
| | They asked for pricing guidelines for our consumer loans. |
|
| | State Regulatory - IT
| October 2012 | |
exam experience posted by a
VP
Cash Management/Treasury Services
from member with
over $1b
in assets
| | Why our Fedline users were not deleted 'more timely', with 'timely' not being defined |
|
RELATED VENDOR REVIEWS: Insite Online Banking Automated Systems, Inc. Online Business Banking Intuit Financial Services e-OSCAR Online Data Exchange LLC Daily Compliance Briefing Bankers Online
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