Bankwithcornerstone.com Website Review

Mortgages and Home Equities Find Rates Here • Apply Online Effective July 1, 2018, the Federal Reserve Board released final amendments to the check collection and return provisions in Regulation CC (229.34(f)). This amendment protects depository institutions and their customers from inadvertent or malicious deposit of the same check twice when certain restrictive conditions on endorsements are met. Cornerstone Community Bank has required this restrictive endorsement in the past, but to further protect the bank and our customers we have Effective immediately, we will require that you update the following language in the endorsement area on the reverse side of any check Here is the example of how you must endorse a check that you deposit using your mobile device: Mobile Deposit Only at Cornerstone Community Prior to the Regulation CC update, customers could also use the pre-printed legend that had a checkbox stating, “check here if mobile deposit.” With this regulation change, this will no longer meet the requirement. If you forget to include this endorsement on your check deposit, your check will be rejected or returned. Tougher pas*words make for better security! That’s why we changed our pas*word requirements (see below). Good news…customers will only be required to change pas*words once every 12 months. Effective Friday, September 15, 2017, certain electronic payments may post to your account the same day they were made or authorized. It will provide a more real-time balance in your account, which could potentially avoid incurring fees. Take note, some transactions that previously posted in two-three days may now post the same day as the transaction occurred (e.g., online bill pay or checks). Practice good account management to avoid making transactions without sufficient funds available for withdrawal. Review The Equifax data breach will affect millions of consumers, and Wisconsin’s banking industry stands ready to as*ist their customers.