Your OnLine Account
There is no fee for accessing your online accounts either for personal use or business use. However, fees for Central Bill Pay Service will be deducted at $8.00 per month for up to 20 bills. After that, you will be charged 50¢ per Bill Pay Transaction. You agree to pay promptly all fees and charges for services provided under this Agreement, and authorize us to charge the account that you have designated as the payment account or any other account for the fees. If you close the payment account, you must notify us and identify a new payment account for the selected services. Additionally, if you close all your accounts, you are responsible for notifying The Central National Bank of Alva to cancel your online service.

All primary accounts in which you are a legal signer are automatically displayed on The Central National Bank of Alva's I-Bank. Business accounts may not be linked to a personal account unless the business is a sole proprietorship or DBA. For all other business accounts, they will require a separate online account.

You may transfer funds between accounts that are displayed. The Central National Bank of Alva's I-Bank is a "real-time" system; therefore, as soon as the transfer is made the funds will memo post to the appropriate account. Please be advised that transfers made online will be included in any transfer limits you may have for certain accounts. Under the Federal Reserve Board's Regulation D, you may make an unlimited number of deposits or transfers into a savings or money market account; however, you may make no more than six transfers or withdrawals out of such an account per monthly statement cycle. If your transactions exceed the legal limit, we will charge you a fee for each such transaction in excess of the legal limit. The amount of these fees and the minimum balances necessary to avoid these fees, where applicable, are set forth in the Schedule of Fees provided with your account, and any subsequent amendments. If your account does not have sufficient funds to complete a transfer, the transfer may not be completed, but if we do complete the transfer as an accommodation to you, you are responsible for any overdraft created.

Account Inquiries and Statements
You will be able to access account statements from your online account. The Central National Bank of Alva's I-Bank will keep your account transaction information for the current and previous statement cycles.

Central Bill Payment Service
You may use a personal computer to electronically direct the Bank to make payments from your checking account to third parties to receive payment by means of The Central National Bank of Alva's Central Bill Pay Service. Once you have successfully scheduled a payment on the Bill Payment system, a confirmation number will be provided. If anything unexpected happens and there is a discrepancy of any sort, we will research the problem using the confirmation number. If you encounter any problems please call The Central National Bank of Alva's Customer Service Department at 580-327-1122, 580-256-5523 or 1-800-256-4653. If the date you want the payment to be debited from your account is not a business day, your account will be debited the next business day. By using the Central Bill Payment Service option, you agree that, based upon instructions received under your PIN, we can charge your designated account by electronic transfer or by debiting and remitting funds on your behalf. We reserve the right to refuse to pay any payee designated by you. If we do so, we will notify you immediately.

Bill Payment Payees and Scheduled Payments
If the payee will be paid by paper check, you understand and agree that paper checks are mailed to the payee and the payee may not receive the payment until 5 to 8 business days after the date the payment is debited from your account. You understand and agree that we are not responsible for the timely delivery of mail or the improper transmission or handling of payments by a third party such as the failure of the bill payment payee to properly post a payment to your account.

Modifying or Cancellation of a Bill Payment
To modify or cancel a bill payment that you have scheduled and is pending, you must modify or cancel the payment using the bill payment system following the onscreen instructions before 4:00 p.m. (Central Standard Time) on the day before the payment is scheduled for payment and debited from your account.