Notices and Rates
Check 21 - The Check
Truncation Act
‘Check 21’ - The Check
Truncation Act is a federal law that allows
banks to handle checks electronically. This
allows large volumes of checks to be
processed quickly and efficiently, and
results in these significant benefits for
you:
- Checks clear
faster, and as each check clears, the
new balance is reflected on the account.
- Fraud is reduced
because, as checks clear faster, banks
are able to identify fraudulent items
sooner and minimize customer
inconvenience.
- Check images are
accessible to you online and readily
available to print if needed.
Beginning July 1,
2008, the Seattle office of the Federal
Reserve Bank will become a Check 21 capture
and print facility, and all paper checks
deposited to the Seattle office will be
converted to Check 21 for collection.
What this
means to you....
FIRST SAVINGS BANK
NORTHWEST will be truncating checks for all
accounts with check writing capability. As
of your July 2008 statement, First Savings
Bank Northwest will no longer be returning
your cancelled checks. For your convenience,
we offer “HomeBanker”, an internet banking
service available at www.fsbnw.com, where
you can view the front and back of your
cancelled checks online.
We know this will be a
change for many of you. If you have
questions about your statement please don’t
hesitate to call or stop in the office.
Email & Internet-related Fraud
Service Charges
Regulation E -
Electronic Funds Transfer
VISA ATM/Debit Card transaction
limits
Effective August 6, 2007, financial
institutions and retailers are no
longer required to give customers a
receipt for all transactions. A
customer may not receive a receipt
for any transaction at an ATM or
point of sale terminal for $15 or
less.
Member FDIC
Equal Housing Lender
