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Electronic Services
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Wilber National Bank offers several electronic money management solutions to fit your lifestyle. Sign up for any of
the services below at a Wilber branch office today!
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Access your cash, make deposits, check account balances 24 hours a day, 7 days a week at Wilber’s Automated Teller
Machines (ATMs). In addition to branch locations, use your Wilber ATM card at thousands of ATMs and Point-of-Sale
terminals worldwide through various networks.
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For even greater convenience, apply for Wilber’s VISA® Checkcard (debit card). When you use a debit card,
you won’t receive a bill at the end of the month. Instead, each purchase made with a debit card is
electronically paid from your checking account, avoiding a monthly bill whose total can sometimes be a
surprise or even a hardship. Pay for goods and services worldwide from your Wilber Personal Checking
account anywhere VISA® is accepted.
A debit card is also an ATM card which can be used at any ATM terminal for instant cash or to transfer
funds between designated checking and savings accounts.
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Save postage when you pay your bills from any personal computer. Available 24 hours a day, 7 days a week it’s
convenient, easy, safe, and FREE! *
* Charges for Internet connection are the responsibility of the user. Bill Pay transactions count towards any
transaction limitations that apply to your checking account.
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Have 24-hour access to your Wilber account information. Using any personal computer with Internet connection, you can:
Transfer funds between Wilber accounts
Review account activity and balances
View and print cleared checks
Submit stop-payment requests
Business customers can also originate ACH transactions and wire transfers plus assign restricted banking authorization to employees. There is no charge for this service.*
* Charges for Internet connection are the responsibility of the user.
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| Information Line |
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Use your touch-tone phone to access your Wilber accounts 24 hours a day. You can check Wilber account balances and activity; transfer funds between Wilber accounts and make payments to Wilber loans. There is no charge for this service.
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The wire transfer system is a fast, secure way to move large amounts of money from one bank to another. Wilber can
receive wire transfers or transfer funds via wire as you instruct. Using this system, you can move your money from
Wilber to any bank in the U.S., usually in one business day. Foreign wire transfers are also available.
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Receive automatic deposits (direct deposits) or make pre-authorized payments electronically from/to third party sources.
Businesses may consider originating recurring payments or collecting receivables with Wilber’s ACH service. Transfers
to and from Wilber accounts can be arranged at any Wilber office.
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| Check Images |
Wilber National Bank checking account customers no longer receive cancelled checks with their statements.
Technology now allows us to offer check safekeeping which provides a list of cleared checks on your monthly statement.
We keep images of your statement and check information. You can print images of your checks off the Internet using
Wilber’s Internet Banking whenever you need a copy.
If you prefer, you may request to have printed check images included with your monthly statement at no extra charge.
- Check 21
On October 28, 2003, President Bush signed into law a bill containing the biggest changes to the check clearing system
in recent history. The legislation, popularly referred to as Check 21, took effect on October 28, 2004. It was
created in part to deal with check clearing problems associated with the terrorist acts of September 11, 2001. The
interruption of air travel as a result of the attacks led to millions of checks sitting in plastic trays for days,
going nowhere until the transportation system returned to normal. Check 21 attempts to solve this vulnerability by
creating a system in which paper checks can be converted into electronic images and transmitted by computer, which
is expected to increase the overall speed of the system and lower costs.
In a nutshell, Check 21, through a process called “check truncation,” creates a new negotiable instrument called a
“substitute check,” which is an electronic image or reproduction of an original check. These checks are similar in size
to original checks with a slight reduced image of the front and back of the original check, and are the legal equivalent
of original paper checks for all purposes. The front of the substitute check states:
“This is a legal copy of your check. You can use it the same way you would use the original check.” Banks are not
required to truncate checks, but they are required to accept substitute checks.
What does this mean to Wilber National Bank customers? Your Wilber checking account statement may include an
image of a substitute check that was truncated by another bank along the way. It is important to note, however, that
check images (including images of substitute checks) will continue to be accepted as proof of payment as they have
been for years.
Should a check from another bank be deposited into your Wilber account and subsequently returned unpaid, the returned
item may be presented to you in the form of a substitute check (rather than the original check, if the original
happened to be truncated along the way). For purposes of collection, returned substitute checks can be processed
like returned original checks, as they are the legal equivalent of original paper checks for all purposes.
With more efficient processing, you will need to make sure that you have enough money in your account to cover any
checks you write. If you rely on “float time” (the time that it used to take paper checks to clear), there is a
good chance your check will bounce and result in your bank charging you overdraft and other related fees. In
addition, the merchant you wrote the check to could charge you their returned check fee. To avoid these extra
penalty fees, only write checks for money that’s in your account.
- Check Conversion
You may already have experienced two other payment practices that are becoming popular, and each is an example of
“check conversion,” which uses the automated clearinghouse (ACH) system.
In the first example, a retailer converts a paper check into an electronic ACH payment on the spot. In this situation,
if you’ve written a check for a purchase, you are handed the check back immediately after it’s converted into an
electronic ACH payment at the store.
In the second example, vendors who bill regularly (such as telephone, utilities, and credit card providers) convert
your paper check payments into ACH payments. The check has been “converted” to an electronic format, and you won’t
receive a copy of the original. The payment will be reflected in your bank statement, which becomes the legally
accepted proof of your payment.
Keep in mind that both of these examples are not the same thing as “substitute checks.” All of these changes work
towards improving the overall efficiency of the nation’s payments system and ultimately reduce float time.
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| This page and all contents are Copyright ® 2009 by Wilber National Bank |
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