The Electronic Records Disclosure and Agreement

DISCLOSURE REQUIRED BY FEDERAL LAW

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ELECTRONIC RECORDS DISCLOSURE AND AGREEMENT

Welcome to BANKNEWPORT’S Digital Banking Services (the “Services”). As part of the enrollment process and in order to use the Services, you must agree to the terms and conditions governing the use of the Services (such terms and conditions being the “Digital Banking Services Access Agreement and Electronic Funds Transfer Disclosure”). To enroll in the Services, you must agree to receive a copy of the Digital Banking Services Access Agreement and Electronic Funds Transfer Disclosure and other “Materials” (as defined below) electronically. We will need your consent to provide you with these Materials electronically. Therefore, please review the terms of this Electronic Records Disclosure and Agreement (the “Agreement”) prior to giving your consent, and retain a copy of this Agreement for your records.

 Materials You Will Receive Electronically. By providing your consent under this Agreement, you agree that BANKNEWPORT (the “Bank”) will provide you with the following documents and information (the “Materials”) solely in electronic form:

  • The Bank’s Digital Banking Services Access Agreement and Electronic Funds Transfer Disclosure, which includes certain content regarding the electronic fund transfers you may make through the Services;
  • Any addenda or supplement to the Digital Banking Services Access Agreement and Electronic Funds Transfer Disclosure provided to you when you enroll for additional products or services related to the Services that we may offer to you from time to time; and
  • Notices of any amendments or changes to the Digital Banking Services Access Agreement and Electronic Funds Transfer Disclosure or other Materials.
  • Your periodic account statements and loan bills.

Your Consent is Required. You must consent to receiving these Materials before we can provide them to you electronically. Your consent will apply to your enrollment in the Services and any Materials we provide or make available to you.

Paper Copy of Materials. If you do not want to receive the Materials electronically, you should exit this area of our website.  If you do not consent to receiving an electronic copy of the Materials, we will not be able to enroll you in the Services. If you consent to receive the Materials electronically, you can also request a paper copy of the Materials by contacting Customer Service by phone at 401.845.2265 or 877.709.2265 outside the Newport County area. We will not charge you any fees for providing a paper copy of the Materials.

Withdrawing Your Consent. If you later decide you do not want to receive the Materials electronically, you may withdraw your consent by contacting Customer Service by phone at the number listed above. If you withdraw your consent, however, you may no longer use the Services.

Updating Your Contact Information.   If you consent to receive the Materials electronically, we will contact you at the email address you have provided to us. Please be certain that we have your correct and updated email address. If you change your email address, you may provide your new email address to us through the Digital Banking Service Center or by contacting Customer Service by phone at the number listed above.

System Requirements to Access the Information. To receive an electronic copy of the Materials, you must have the following equipment and software:

  • You must have a personal computer or other access device, which is capable of accessing the Internet (e.g., you must have a modem and available phone line, a cable Internet connection or some other means of access to the Internet, and you must have an active account with an Internet service provider). Your access to this page verifies that your system meets these requirements.
  • You must have an Internet web browser which is capable of supporting 128-bit SSL encrypted communications, which requires a minimum web browser version of the two most recent versions of Microsoft® Edge, Mozilla Firefox, Google Chrome, or Safari, and your system must have 128-bit SSL encryption software. If you are using a Web browser that is not officially supported, a message will be displayed advising you that the Browser is not officially supported. You will not be prevented from using the service; however, you may find that your experience using the service is unsatisfactory. We strongly advise the use of one of the Web browsers listed above. Your access to this page verifies that your browser and encryption software meet these requirements.

System Requirements to Retain the Information. To retain a copy of the Materials being provided to you electronically, you must be able to print them. You must have a functioning printer connected to your personal computer or other access device, which is able to print the Materials on plain white 8½ x 11 inch paper.

Systems Enhancements. If the form of the Materials changes to as to require different or additional hardware or software, or upgrades, plug-ins or enhancements to the hardware or software used by you (all such changes referred to as a “Systems Enhancement”), we will notify you and you may either terminate the Services or upgrade your hardware and/or software as required by the Systems Enhancement. If the Bank determines that the need for a Systems Enhancement creates a material risk that you may not be able to access or retain the Materials electronically, the Bank will notify you and allow you to either: (a) withdraw your consent to the Services or (b) re-confirm your consent to receive the Materials in a manner that reasonably demonstrates that you have upgraded your hardware or software to conform to the required Systems Enhancement. If you choose to withdraw your consent, or you fail to re-confirm your consent, the Bank will terminate the Services and you will receive the Materials in paper form thereafter.

Agreement. This Electronic Records Disclosure and Agreement is a contract that establishes the terms covering the electronic delivery of your periodic account statements, loan bills, disclosures and communications ("Digital Documents and/or Loan Bills") related to your accounts at BankNewport through Digital Documents and/or Loan Bills. By using Digital Documents and/or Loan Bills, you agree to all of the terms and conditions of this Agreement. You acknowledge your receipt of this Agreement and your prior receipt and agreement with the applicable Digital Banking Access Agreement, and your understanding of the terms and conditions of both Agreements. Please read this Agreement carefully. A copy of this Agreement is available through a link on the Privacy/Regulatory page located at the bottom of our website.

The terms and conditions of BankNewport's Deposit Account Agreements and Disclosures, Electronic Funds Transfer Agreement and Disclosures, Digital Banking Access Agreement, as well as your other agreements with BankNewport, such as loan notes, contracts, mortgages and/or disclosures, continue to apply notwithstanding anything to the contrary in this Agreement.

Consent to Electronic Delivery of Account Statements, Loan Bills, Disclosures and Communications. When you sign up for BankNewport’s Digital Documents and Loan Bills Service through Digital Banking, you will be required to select the accounts that you wish to receive your periodic account statements or loan bills electronically. The Digital Documents and Loan Bills Service will contain the same content as the paper version. The choice, (paper or Digital Documents and/or Loan Bills) that is recorded on our system on the day the statement or bill is generated will be the only statement or billing method used to deliver that month’s statement(s) or bill(s). In addition, when you sign up for the Digital Documents and Loan Bills Service through Digital Banking, you further agree that other disclosures and communications related to any of your deposit accounts or loans with BankNewport, and for which you receive electronic account statements and/or loan bills, may also be sent to you electronically via this Service.

Email Notification of Document Availability. We will send an email to the email address that you have on file within Digital Banking to advise you when your account statement(s) and/or Loan Bill(s) is available for viewing. It is your responsibility to ensure that your current email address is within Digital Banking. Once you have updated your email address in Digital Banking then click the "Digital Documents" button to communicate the email change for your Digital Documents and/or Loan Bills notifications.

Deposit Account Statements. Your account statements will become available through the Digital Documents and Loan Bills service shortly after the end of your statement cycle period. In the case of checking or money market accounts, the account statement may be available to you even before all of the images of your cancelled checks have been processed. However, Digital Documents are updated multiple times each day and as soon as your check images are processed, they will be made available to you through the Service. Your account statements will become available through this Service incrementally each month after you enroll in the Service. Statements will be available for sixteen (16) months and thereafter the oldest statement will be deleted when the most recent statement becomes available through the Service. If you wish to retain your statements for a longer period of time, you should download them or print them during the sixteen (16) months that they are available through the Service.

BankNewport retains the last 7 years of your account statements and checks. If you request a paper copy of either your account statement or any check referenced in that statement from us, we will provide a legible copy of your statement and checks within a reasonable period of time. Applicable service charges may be assessed in accordance with the BankNewport Schedule of Fees.

To request a paper copy of either your account statement or any checks please contact our Call Center at 401.845.2265 or 877.709.2265 outside the Newport County area, Monday-Friday 7:00am-6:00pm and Saturday 8:00am-2:00pm.

 Loan Bills. You will receive an email when your loan bill is available. Your loan bill will become available through this Service incrementally each month after you enroll. Loan bills will be available for sixteen (16) months and thereafter the oldest bill will be deleted when the most recent bill becomes available through the Service. If you wish to retain your bills for a longer period of time, you should download them or print them during the sixteen (16) months that they are available through the Service. If you request a paper copy of your loan bill from us, we will provide a copy of your bill within a reasonable period of time. Applicable fees may apply.

To request a paper copy of your loan bill, please contact our Servicing Center at 401.845.8789 or 800.234.8586, outside the Newport County area, Monday-Friday 8:00am-4:30pm.

Deposit Account Statement and Loan Bill Disclosures. You may access the Deposit Account Statement Disclosures by clicking on the "Statement Disclosure" tab or, for the information currently available on the back of your loan bill, by clicking the "Back of Bill" tab on the top of the "Digital Documents" page.

Your Right to Terminate. You may withdraw your consent to receive Digital Documents and/or Loan Bills electronically. By doing so, there may be consequences for certain deposit accounts such as the incursion of fees for receiving paper statements, increased monthly maintenance fees, reduction of ATM fee waivers or reduction of refunds of nationwide ATM surcharge amounts and/or reduction in annual percentage yield rates. To withdraw your consent to receive Statements and/or Loan Bills electronically, you will be asked to update your Enrollment Preference at the bottom of the Digital Documents page, under Digital Document Delivery Preferences.  You may also send us a secure message within Digital Banking, letting us know that you would like to terminate the Service or contact our Digital Banking Center at 401.845.2265 or 877.709.2265 outside the Newport County area, Monday-Friday 7:00am-6:00pm and Saturday 8:00am-2:00pm EST.

Our Right to Terminate. You agree that we provide Digital Documents and/or Loan Bills electronically at our sole discretion and we can rescind your use of this Service at any time and for any reason. However, if we do, we will produce and mail a paper copy of your account statement, loan bill, disclosure or other communication to you.