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IMPORTANT ACCOUNT INFORMATION FOR OUR CUSTOMERS

First State Bank
146 West College Avenue
Holly Springs, MS 38635
(662)252-4211

YOUR ABILITY TO WITHDRAW FUNDS

This policy statement applies to all deposit accounts. Our policy is to make funds from your cash and check deposits available to you on the first business day after the day wereceive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once the funds areavailable, you can withdraw them 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 Please remember that even after we have made funds available to you and you have withdrawn the funds, you are stillresponsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays.If you make a deposit before closing on a business day that we are open, we will consider that day to be the day of yourdeposit. However, if you make a deposit after closing or on a day we are not open, we will consider that the deposit wasmade on the next business day we are open. If we cash a check for you that is drawn on another bank, we may withhold the availability of a corresponding amount offunds that are already in your accounts. Those funds will be available at the time funds from the check we cashed would havebeen available if you had deposited it. If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawalimmediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in the accountto which the deposit is made. The funds in the account would then not be available for withdrawal until the time periods thatare described elsewhere in this disclosure for the type of check that you deposited.

Longer Delays May Apply Case-By-Case Delays - In some cases, we will not make all of the funds that you deposit by check available to you on the firstbusiness day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available untilthe second business day after the day of your deposit. The first $200 of your deposits, however, will be available on the firstbusiness day. If we are not going to make all of the funds from your deposit available on the first business day after we receive your deposit,we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit isnot made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail youthe notice by the day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available. Safeguard Exceptions - In addition, funds you deposit by check may be delayed for a longer period under the followingcircumstances:· 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 willbe available. They will generally be available no later than the seventh business day after the day of your deposit.

Special Rules for New Accounts If you are a new customer, the following special rules will apply during the first 30 days your account is open. Funds from electronic direct deposits to your account will be available on the first business day after we receive the deposit.Funds from deposits of cash, wire transfers, and the first $5,000 of a day's total deposits of cashier's, certified, teller's,traveler's, and federal, state and local government checks will be available on the first business day after the day of yourdeposit, if the deposit meets certain conditions. For example, the checks must be payable to you (and you may have to use aspecial deposit slip). The excess over $5,000 will be available on the ninth business day after the day of your deposit. If yourdeposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $5,000will not be available until the second business day after the day of your deposit.

Funds from all other check deposits will be available on the ninth business day after the day of your deposit. 

 ELECTRONIC FUND TRANSFERS YOUR RIGHTS AND RESPONSIBILITIES

Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which may not apply to youraccount. Please read this disclosure carefully because it tells you your rights and obligations for the transactions listed. Youshould keep this notice for future reference.

Electronic Fund Transfers Initiated By Third Parties - You may authorize a third party to initiate electronic fund transfersbetween your account and the third party's account. These transfers to make or receive payment may be one-timeoccurrences or may recur as directed by you. These transfers may use the Automated Clearing House (ACH) or otherpayments network. Your authorization to the third party to make these transfers can occur in a number of ways. Forexample, your authorization to convert a check to an electronic fund transfer or to electronically pay a returned check chargecan occur when a merchant provides you with notice and you go forward with the transaction (typically, at the point ofpurchase, a merchant will post a sign and print the notice on a receipt). In all cases, these third party transfers will require youto provide the third party with your account number and financial institution information. This information can be found onyour check as well as on a deposit or withdrawal slip. Thus, you should only provide your financial institution and accountinformation (whether over the phone, the Internet, or via some other method) to trusted third parties whom you haveauthorized 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.·Preauthorized payments - You may make arrangements to pay certain recurring bills from your checking or savings.·Electronic check conversion - You may authorize a merchant or other payee to make a one-time electronic payment from your checking account using information from your check to pay for purchases or pay bills. ·Electronic returned check charge - You may authorize a merchant or other payee to initiate an electronic funds transfer to collect a charge in the event a check is returned for insufficient funds.Telebanc transactions - types of transactions - You may access your account by telephone using your account number(s),personal identification number (PIN) and touch tone phone to: · transfer funds from checking or savings to savings or checking· make payments from checking or savings to loans· get balance information about checking, savings, certificate of deposit, line of credit or loans· get transaction history about checking, savings, certificate of deposit, line of credit or loansYou may access your account for telephone transactions at the following number(s) and during the following hours:· (662)252-4100 (24)FirstCheck ATM transactions - types of transactions - You may access your account(s) by ATM at VISA, MasterCard, PLUS,American Express, pulse, Discover, STAR using your FirstCheck and your personal identification number (PIN) (as applicable)to:· withdraw cash from checking or savings· transfer funds from checking or savings to savings or checking· get balance information about checking or savingsSome of these services may not be available at all terminals.

FirstCheck point-of-sale transactions - types of transactions - You may access your checking or your Savings account(s) usingyour FirstCheck to do transactions that participating merchants will accept, including: · purchase goods in person, by phone, or online· pay for services in person, by phone, or online· get cash from a participating merchant or financial institutionAdvisory Against Illegal Use - You agree not to use your FirstCheck for illegal gambling or other illegal purposes. Display of apayment card logo by, for example, an online merchant does not necessarily mean that transactions are lawful in thejurisdiction in which you may be located.Internet Banking - types of transfers - You may access your accounts at www.firststatenet.com and using your personalidentification number (PIN) and User I.D. to: · transfer funds from checking or savings to savings or checking· make payments from checking or savings to loans · get balance information about checking, savings, certificate of deposit, line of credit or loans· get transaction history about checking, savings, certificate of deposit, line of credit or loansBill Pay + - types of transfers - You may access this service by computer at www.firststatenet.com and using your user name and password.You may access this service to:· make payments from your checking and savings account(s) to third parties (Some payments made by paper check will not be subject to this Electronic Fund Transfers disclosure, as disclosedseparately.)Mobile Banking - types of transfers - You may access your accounts remotely with your Cell phone or other mobile accessdevice and using your User identification name, Password and Responses to multifactor authentication questions. You may usethis service to:

· transfer funds from Checking or Savings to Savings or Checking· make payments from Checking or Savings to Loans· get balance information about checking, savings, line of credit, certificate of deposit or loans· get transaction history about checking, savings, line of credit, certificate of deposit or loansYour mobile service provider's standard service fees, such as text message fees or similar charges, will apply to alltransactions. Check with your service provider for information about these fees.

Limits and fees - Please refer to our fee disclosure for information about fees and limitations that may apply to these electronicfund transfers. ATM Operator/Network Fees - When you use an ATM not owned by us, you may be charged a fee by the ATM operator or anynetwork used (and you may be charged a fee for a balance inquiry even if you do not complete a fund transfer).

Documentation Terminal transfers - You can get a receipt at the time you make a transfer to or from your account using an automated tellermachine or point-of-sale terminal. However, you may not get a receipt if the amount of the transfer is $15 or less. Preauthorized credits - If you have arranged to have direct deposits made to your account at least once every 60 days from thesame person or company, you can call us at (662)252-4211 to find out whether or not the deposit has been made.Periodic statements - You will get a monthly account statement from us for your Checking account(s). You will get a monthly account statement from us for your Savings account(s), unless there are no transfers in a particularmonth. In any case, you will get a statement at least quarterly.

Preauthorized Payments Right to stop payment and procedure for doing so - If you have told us in advance to make regular payments out of youraccount, you can stop any of these payments. Here is how:

Call or write us at the telephone number or address listed in this disclosure in time for us to receive your request three businessdays or more before the payment is scheduled to be made. If you call, we may also require you to put your request in writingand get it to us within 14 days after you call. Notice of varying amounts - If these regular payments may vary in amount, the person you are going to pay will tell you, 10days before each payment, when it will be made and how much it will be. (You may choose instead to get this notice onlywhen the payment would differ by more than a certain amount from the previous payment, or when the amount would falloutside certain limits that you set.) Liability for failure to stop payment of preauthorized transfer - If you order us to stop one of these payments three businessdays or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages.

Financial Institution's LiabilityLiability for failure to make transfers - If we do not complete a transfer to or from your account on time or in the correctamount according to our agreement with you, we will be liable for your losses or damages. However, there are someexceptions. 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 you have an overdraft line and the transfer would go over the credit limit.(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.(5) If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that wehave taken.(6) There may be other exceptions stated in our agreement with you.

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) as described in our privacy policy disclosure, provided separately.

Unauthorized Transfers (a) Consumer liability. (1) Generally. Tell us AT ONCE if you believe your card and/or code has been lost or stolen or if youbelieve that an electronic fund transfer has been made without your permission using information from your check.Telephoning is the best way of keeping your possible losses down. You could lose all the money in your account (plus yourmaximum overdraft line of credit). If you tell us within two business days after you learn of the loss or theft of your cardand/or code, you can lose no more than $50 if someone used your card and/or code without your permission. If you do NOT tell us within two business days after you learn of the loss or theft of your card and/or code, and we can provewe could have stopped someone from using your card and/or code without your permission if you had told us, you could loseas 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 atonce. If you do not tell us within 60 days after the statement was mailed to you, you may not get back any money you lostafter 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 Limit on Liability for VISA(R) card. Unless you have been grossly negligent or have engaged in fraud, you willnot be liable for any unauthorized transactions using your lost or stolen VISA card. This additional limit on liability does notapply to ATM transactions, or to transactions using your Personal Identification Number which are not processed by VISA.(b) Contact in event of unauthorized transfer. If you believe your card and/or code has been lost or stolen, call or write us atthe telephone number or address listed in this disclosure. You should also call the number or write to the address listed in thisdisclosure 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 inthis disclosure, as soon as you can, if you think your statement or receipt is wrong or if you need more information about atransfer listed on the statement or receipt. We must hear from you no later than 60 days after we sent the FIRST statementon which the problem or error appeared. (1) Tell us your name and account number (if any). (2) Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error orwhy you need more information. (3) Tell us the dollar amount of the suspected error. If you tell us orally, we may require that you send us your complaint or question in writing within 10 business days. We will determine whether an error occurred within 10 business days (5 business days for point-of-sale transactions processedby Visa and 20 business days if the transfer involved a new account) after we hear from you and will correct any errorpromptly. If we need more time, however, we may take up to 45 days (90 days if the transfer involved a new account, apoint-of-sale transaction, or a foreign-initiated transfer) to investigate your complaint or question. If we decide to do this, wewill credit your account within 10 business days (5 business days if the transfer involved a point-of-sale transaction and 20business days if the transfer involved a new account) for the amount you think is in error, so that you will have the use of themoney during the time it takes us to complete our investigation. If we ask you to put your complaint or question in writing andwe do not receive it within 10 business days, we may not credit your account. Your account is considered a new account forthe first 30 days after the first deposit is made, unless each of you already has an established account with us before theaccount is opened. 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 copies of the documents that we used in our investigation.If you have inquiries regarding your account, please contact us at:

First State Bank
P.O. Box 580
Holly Springs, MS 38635-0580
BUSINESS DAYS: Monday, Tuesday, Wednesday, Thursday and Friday. Holidays are not included.
PHONE: (662)252-4211

MORE DETAILED INFORMATION IS AVAILABLE ON REQUEST

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