Terms & Conditions
In order to use The Paducah Bank and Trust Company's Internet Banking product, you must first read and accept the following agreement:
 
ONLINE ACCESS AGREEMENT AND ELECTRONIC FUND TRANSFER ACT DISCLOSURE
Agreement

This Agreement, which includes an Enrollment Form, is a contract which establishes the rules which cover your electronic access to your accounts at The Paducah Bank and Trust Company (the "Bank") through our Online Banking System (the "System"). By using our System, you accept all the terms and conditions of this Agreement. Please read it carefully.

The terms and conditions of the deposit agreements and disclosures for each of your Bank accounts, as well as your other agreements with the Bank such as loans, continue to apply notwithstanding anything to the contrary in this Agreement.

This Agreement is also subject to applicable federal laws and the laws of the State of Kentucky (except to the extent this Agreement can and does vary such rules or laws). If any provision of this Agreement is found to be unenforceable according to its terms, all remaining provisions will continue in full force and effect. The headings in this Agreement are for convenience or reference only and will not govern the interpretation of the provisions. Any waiver (expressed or implied) by either party of any default or breach of this Agreement must be in writing and shall not constitute a waiver of any other or subsequent default or breach. You may not assign this Agreement. This Agreement is binding upon your heirs and Bank's successors and assigns. This Agreement, together with the Enrollment Form, constitutes the entire agreement between you and the Bank with respect to the subject matter hereof and there are no understandings or agreements relative hereto which are not fully expressed herein.
Definitions
As used in this Agreement, the words "we", "our", "us" and "bank" mean The Paducah Bank and Trust Company. "You" and "your" refer to the account holder authorized by the Bank to use the System under this Agreement and anyone else authorized by that account holder to exercise control over the account holder's funds through the System. "Account" or "accounts" mean your accounts at the Bank. "Electronic fund transfer" means ATM transactions, ACH transactions, point-of-sale transactions, transfers to and from your Bank accounts using the System including bill payments. "System Services" mean the services provided pursuant to this Agreement, including the Bill Payment Service. "Business days" mean Monday through Friday; holidays are not included.
 
Access
To use the System, you must have at least one account at the Bank, access to Internet service, and an e-mail address. Once we have received your Enrollment Form and verified our account information, we will send you, either by e-mail or by postal mail, confirmation of our acceptance of your enrollment, along with your assigned login ID and temporary password. You can add or delete any of your Bank accounts by making this request on a new Enrollment Form. You can restrict access authority to your accounts to "inquiry only" by making this a request on a new Enrollment Form. We undertake no obligation to monitor transactions through the System to determine that they are made on behalf of the account holder.
 
System Services
You can use the System to check the balance of your Bank accounts, view Bank account histories, transfer funds between your Bank accounts, order checks, make stop payment requests, view checks, change your address, and pay bills from your Bank accounts in the amounts and on the date you request if you have requested the Bill Payment Service. Balance and activity information is to the minute.
 
Hours of Access
You can use the System 7 days a week, 24 hours a day, although some or all of the System Services may not be available occasionally due to an emergency or scheduled system maintenance. We agree to post notice of any extended periods of non-availability on the System website.
 
Your Password

For security purposes, you are required to change your password upon your initial login to the System. You determine what password you will use and the identity of your password is not communicated to us. You agree that we are authorized to act on instructions received under your password. You accept responsibility for the confidentiality and security of your password and agree to change your password regularly. Upon three unsuccessful attempts to use your password, your access to the System will be revoked. To reestablish your authorization to use the System, you must contact us to have your password reset to the original password.


The system requirements for passwords mandate that you create an alphanumeric password with six to eight characters for security purposes. Your password should not be associated with any commonly known personal identification, such as a social security number, address, date of birth, names of children, and should be memorized rather than written down. Cash Management users will be required to change their password every 180 days. You will receive a reminder that your password will expire fourteen (14) days prior to expiration.
 
Security
You understand the importance of your role in preventing misuse of your accounts through the System and you agree to promptly examine your bank statement for each of your Bank accounts as soon as you receive it. You agree to protect the confidentiality of your account and account number, and your personal identification information, such as your driver's license number and social security number. You understand that personal identification information by itself, or together with information related to your account, may allow unauthorized access to your account. Your password and login ID are intended to provide security against unauthorized entry and access to your accounts. Data transferred via the System is encrypted in an effort to provide transmission security and the System utilizes identification technology to verify that the sender and receiver of the System transmissions can be appropriately identified by each other. Notwithstanding our efforts to ensure that the System’s system is secure, you acknowledge that the Internet is inherently insecure and that all data transfers, including electronic mail, occur openly on the Internet and potentially can be monitored and read by others. We cannot and do not warrant that all data transfers utilizing the Bank’s System, or e-mail transmitted to and from us, will not be monitored or read by others.
 
Posting of Transfers
Transfers initiated through the System before 5 p.m. (Central Standard Time) on a business day are posted to your account the same day. Transfers completed after 5 p.m. (Central Standard Time) on a business day, Saturday, Sunday or banking holiday, will be posted on the next business day. The System identifies transfers based upon the login ID of the user who made the electronic transfer.
 
Overdrafts
(Order of Payments, Transfers, and Other Withdrawals). If your account has insufficient funds to perform all electronic fund transfers you have requested for a given business day, then:
  1. Electronic fund transfers involving currency disbursements, like ATM withdrawals, will have priority.
  2. Electronic fund transfers initiated through the System which would result in an overdraft of your account may, at our discretion, be canceled.
  3. Overdraft charges may be assessed pursuant to the terms of the deposit agreement for that account, in the event that any bill pay initiated through the System results in an overdraft of your account.
 
System Bill Payment Service
You must designate the Bank account from which the payments are to be made; the complete name of the payee, the account number, and the payee's remittance address, all exactly as shown on the billing statement or invoice; the amount of the payment; and the date you want the payment to be debited from your account. 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 System Bill Payment Service option, you agree that, based upon instructions received under your password, we can charge your designated account by electronic transfer, "no signature required draft," 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 promptly.
 
Scheduling System Payments
If the payee is to be paid by paper check (not found on the payee list), you understand and agree that paper checks are mailed to the payee and the payee may not receive the payment for five to eight business days. You also understand that paper checks are originated with your routing and checking account number and will clear your account just as though you had written a check. If the payee is to be paid electronically (as indicated on the Bill Payer list), you understand and agree that the payee may not receive the payment until 72 hours after the date the payment is debited from you 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.
 
How to Cancel A Bill Payment
Bill payments are processed twice each business day. Once at 12:00 p.m. and again at 2:00 a.m. (Central Standard Time). Scheduled payments must be canceled via the Internet Banking system by following the on-screen instructions prior to the first scheduled process time of the scheduled date of the payment.
 
Stop-Payment Requests
Stopping the payment of a check is different from the cancellation of a bill payment. Once the bill payment has been debited from your account, you CANNOT cancel or stop a bill payment which has been paid electronically. You may be able to stop a System bill payment paid by paper draft by contacting us by telephone before the paper draft has cleared. (You may research your account under the “transaction” section to determine if the paper draft has cleared.) If the paper draft has not cleared, we will immediately process your stop-payment request. We will notify you immediately if the paper draft has already cleared. To be effective, this type of stop-payment request must precisely identify the name of the payee, the payee-assigned account number, and the amount and scheduled date of the payment.

You may initiate stop-payment requests online via the System only for paper checks you have written (non-electronically) on your Bank accounts. Online stop-payment requests are processed on or after 9 a.m. (Central Standard Time) on the business day following the date the stop-payment has been requested online. To be effective, this type of stop-payment request must precisely identify the name of the payee, the check number, the amount, and the date of the check.

If you make your stop-payment request online or by telephone, we may also require you to put your request in the form of a paper writing and get it to us within 14 days after you call. You will incur stop-payment charges as disclosed in the current fee schedule for the applicable account. Stop-payment charges for the System bill payment paper drafts will be assessed in addition to the stop-payment charges for the applicable account.
 
Disclosure of Account Information and Transfers
You understand information about your accounts or the transfers you make may automatically be disclosed to others. For example, tax laws require disclosure to the government of the amount of interest you earn, and some transactions, such as large currency and foreign transactions, must be reported to the government. We may also provide information about your accounts to persons or companies we believe would use the information for reasonable purposes, such as when a prospective creditor seeks to verify information you may have given in a credit application, or a merchant calls to verify a check you have written. In addition, we routinely inform credit bureaus when accounts are closed because they were not handled properly. We may also seek information about you from others, such as the credit bureau, in connection with the opening or maintaining of your account or in connection with approving your access to the System. You agree and hereby authorize all of the above-mentioned transfers of information.
 
Periodic Statements
You will not receive a separate System statement. Transfers to and from your accounts using the System will appear on the respective periodic statements for your Bank accounts.
 
Change in Terms
We may change any term of this Agreement at any time. If the change would result in increased fees for any System Service, increased liability for you, fewer types of available electronic fund transfers, or stricter limitations on the frequency or dollar amount of transfers, we agree to give you notice at least 30 days before the effective date of any such change, unless an immediate change is necessary to maintain the security of an account or our electronic fund transfer system. We will post any required notice of the change in terms on the Bank’s System website or forward it to you by e-mail or by postal mail. If advance notice of the change is not required, and disclosure does not jeopardize the security of the account or our electronic fund transfer system, we will notify you of the change in terms within 30 days after the change becomes effective. Your continued use of any or all the subject System Services indicates your acceptance of the change in terms. We reserve the right to waive, reduce, or reverse charges or fees in individual situations. You acknowledge and agree that changes to fees applicable to specific accounts are governed by the applicable deposit agreements and disclosures.
 
In Case of Errors or Questions About Your Electronic Transfers, Including Bill Payments
Contact us as soon as you can if you think your statement is wrong, or if you need more information about a transfer listed on your statement. We must hear from you no later than 60 days after the FIRST statement was sent upon which the problem or error appeared. When you contact us:
  1. Tell us your name and account number.
  2. Describe the error or transfer you are unsure about, and explain as clearly as you can why you believe it is an error, or why you need more information.
  3. Tell us the dollar amount of the suspected error.
  4. If the suspected error relates to a bill payment made via the System Bill Payment Service, tell us the account number used to pay the bill, payee name, the date the payment was sent, payment amount, ID number, and the payee account number for the payment in question. (This information appears on the Bill Payment View Posting screen.)

If you contact us by telephone or by e-mail, we require that you send us your complaint or question in the form of a paper writing by postal mail or fax within ten business days.

We will communicate to you the results of our investigation within ten business days after you contact us and will correct any error promptly. If we need more time, however, we may take up to 45 days to investigate your complaint or question. If we decide to do this, we will provisionally credit your account within ten business days for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation. If we ask you to put your complaint or question in writing and WE DO NOT receive it in the form of a paper writing within ten business days, we may not provisionally credit your account.

If we decide that there was no error, we will send you a written explanation within three business days after we finish our investigation. You may ask for copies of the documents that we used in our investigation. If we have made a provisional credit, a corresponding debit will be made from your account.
 
Our Liability for Failure to Make A Transfer
If we do not complete a transfer to or from your account, including a bill payment, on time or in the correct amount, according to our agreement with you when you have properly instructed us to do so, we will be liable to you for your losses or damages caused as a result. However, there are some exceptions. 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 a transfer.
  2. If a legal order directs us to prohibit withdrawals from the account.
  3. If your account is closed, or if it has been frozen.
  4. If the transfer would cause your balance to go over the credit limit of an established line of credit or the credit limit for any credit arrangement set up to cover overdrafts.
  5. If you, or anyone authorized by you, commits any fraud or violates any law or regulation.
  6. If any electronic terminal, telecommunication device, or any part of the electronic fund transfer system is not working properly and you knew about the problem when you started the transfer.
  7. If you have not provided us with complete and correct payment information for the Bill Payment Service, including, without limitation, the name, address, your payee-assigned account number, payment date, and payment amount for the payee on a bill payment.
  8. If you have not properly followed the on-screen instructions for using the System.
  9. If circumstances beyond our control (such as fire, flood, interruption in telephone service or other communication lines) prevent the transfer, despite reasonable precautions that we have taken.
 
Your Liability for Unauthorized Transfers
All online banking users are encouraged to review all transactions online at least weekly. CONTACT US AT ONCE if you believe your password has been lost, stolen, used without your authorization, or otherwise compromised, or if someone has transferred or may transfer money from your accounts without your permission. An immediate telephone call to us is the best way to reduce any possible losses. You could lose all the money in your accounts (plus your maximum overdraft line of credit, if any). If you contact us within two business days after you learn of the loss, theft, compromise, or unauthorized use of your password, you can lose no more than $50 if someone used your password without your permission.

If you do NOT contact us within two business days after you learn of the loss, theft, compromise, or unauthorized use of your password, and we can prove we could have stopped someone from using your password to access your accounts without your permission if you had told us, you could lose as much as $500.

Also, if your statement shows transfers that you did not make, contact us at once. If you do not tell us within 60 days after the statement was mailed to you, you may not get back any money you lost through transactions made after the 60-day time period 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 hospital stay) kept you from contacting us, we will extend the time period.
 
Disclaimer of Warranty and Limitation of Liability
We make no warranty of any kind, express or implied, including any implied warranty of merchantability or fitness for a particular purpose, in connection with the System Services provided to you under this Agreement. We do not and cannot warrant that the System will operate without errors, or that any or all System Services will be available and operational at all times. Except as specifically provided in this Agreement, or otherwise required by law, you agree that our officers, directors, employees, agents or contractors are not liable for any indirect, incidental, special or consequential damages under or by reason of any services or products provided under this Agreement or by reason of your use of or access to the System, including loss of profits, revenue, data or use by you or any third party, whether in an action in contract or tort or based on a warranty. Further, in no event shall the liability of the Bank and its affiliates exceed the amounts paid by you for the services provided to you through the System.
 
Your Right to Terminate
You may cancel your System Service at any time by providing us with written notice by postal mail or fax. Your access to the System will be suspended within three business days of our receipt of your instructions to cancel the service. You will remain responsible for all outstanding fees and charges incurred prior to the date of cancellation.
 
Our Right to Terminate
You agree that we can terminate or limit your access to System Services for any of the following reasons:
  1. Without prior notice, if you have insufficient funds in any one of your Bank accounts. Your System Service may be reinstated, at our sole discretion, once sufficient funds are available to cover any fees, pending transfers, and debits.
  2. Upon three business days notice, if you do not contact us to designate a new Primary Checking Account immediately after you close your Primary Checking Account.
  3. Upon reasonable notice, for any other reason at our sole discretion.
 
Communications Between Bank and You
Unless this Agreement provides otherwise, you can communicate with us in any one of the following ways:
E-mail You can contact us by e-mail at onlinebank@paducahbank.com. (Please note that banking transactions through the System are not made via e-mail.
Telephone You can contact us by telephone at 270.575.5700.
Facsimile You can contact us by fax at 270.575.5726.
Postal Mail You can write to us at:
The Paducah Bank and Trust Company, P.O. Box 2600, Paducah, KY 42002-2600.
In Person You may visit us in person at any one of our locations:

Main Office 555 Jefferson Street, Paducah, KY 42001
Reidland 5542 Reidland Road, Paducah, KY 42003
West Park 2777 West Park Drive, Paducah, KY 42001
Mid City 2401 Broadway, Paducah, KY 42001
Lone Oak 2701 Lone Oak Road, Paducah, KY 42001
 
Consent to Electronic Delivery of Notices
You agree that any notice or other type of communication provided to you pursuant to the terms of this Agreement, and any future disclosures required by law, including electronic fund transfer disclosures, may be made electronically by posting the notice on the Bank’s System website or by e-mail. You agree to notify us immediately of any change in your e-mail address.

4.15.03
 
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