*** Updated Regulation E Disclosure, as of February 11th, 2022***

Know YOUR rights And responsibilities

Electronic Funds Transfer Disclosure

THE FIRST NATIONAL BANK OF MOOSE LAKE
400 ELM AVENUE, MOOSE LAKE, MINNESOTA 55767
MEMBER FDIC

ELECTRONIC FUND TRANSFERS YOUR RIGHTS AND RESPONSIBILITIES

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT. To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth (for individuals), and other information that will allow us to identify you. We may also ask to see your driver’s license (for individuals) or other identifying documents.

Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which may not apply to your account. Please read this disclosure carefully because it tells you your rights and obligations for the transactions listed. You should keep this notice for future reference.

Electronic Fund Transfers Initiated by Third Parties. You may authorize a third party to initiate electronic fund transfers between your account and the third party’s account. These transfers to make or receive payment may be one-time occurrences or may recur as directed by you. These transfers may use the Automated Clearing House (ACH) or other payments network. Your authorization to the third party to make these transfers can occur in a number of ways. For example, your authorization to convert a check to an electronic fund transfer or to electronically pay a returned check charge can occur when a merchant provides you with notice and you go forward with the transaction (typically, at the point of purchase, a merchant will post a sign and print the notice on a receipt). In all cases, these third-party transfers will require you to provide the third party with your account number and bank information. This information can be found on your check as well as on a deposit or withdrawal slip. Thus, you should only provide your bank and account information (whether over the phone, the Internet, or via some other method) to trusted third parties whom you have authorized to initiate these electronic fund transfers. Examples of these transfers include, but are not limited to:

• Preauthorized credits. You may make arrangements for certain direct deposits to be accepted into your checking, savings, or individual retirement account(s).
• Preauthorized payments. You may make arrangements to pay certain recurring bills from your checking or savings account(s).
• Electronic check conversion. You may authorize a merchant or other payee to make a one-time electronic payment from your checking account using information from your check to pay for purchases or pay bills.
• Electronic returned check charge. You may authorize a merchant or other payee to initiate an electronic funds transfer to collect a charge in the event a check is returned for insufficient funds.
ATM Transfers – Star, Cirrus, Plus, Visa, Mastercard, Jeanie, Maestro, and Quest Networks – types of transfers, dollar limitations, and charges – You may
access your account(s) by ATM using your debit card and personal identification number, to:
• get cash withdrawals from checking account(s) with a debit card – dollar limitations will be disclosed at card issuance
• get cash withdrawals from savings account(s) with a debit card – dollar limitations will be disclosed at card issuance
• transfer funds from savings to checking account(s) with a debit card
• transfer funds available in account from checking to savings account(s) with a debit card, at ATMs we own or operate and at ATMs we do not own or operate.
• get information about: – the account balance of your checking account(s)
• with a debit card, at ATMs we own or operate, at
ATMs we do not own or operate – the account balance of your savings account(s)
• with a debit card, at ATMs we own or operate, at ATMs we do not own or operate Some of these services may not be available at all terminals.

Types of Debit Card Point-of-Sale Transactions – You may access your checking and savings account(s) to purchase goods (in person, online, or by phone) pay for services (in person, online, or by phone) get cash from a merchant, if the merchant permits, or from a participating financial institution, and do anything that a participating merchant will accept.

Point-of-Sale Transactions – dollar limitations – Using your card: Limitations will be disclosed in writing at card issuance.

Currency Conversion. When you use your Visa®- branded Debit Card at a merchant that settles in currency other than US dollars, the charge will be converted into the US dollar amount. The currency conversion rate used to determine the transaction amount in US dollars is either a rate selected by Visa from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate Visa itself receives, or the government-mandated rate in effect for the applicable central processing date. The conversion rate in effect on the processing date may differ from the rate in effect on the transaction date or posting date. Visa USA charges a 1% International Service Assessment on all international transactions regardless of whether there is a currency conversion. We pass this international transaction fee on to you. An international transaction is a transaction where the issuer of the card used is not located in the transaction country. This means an international transaction can occur even though the transaction is made when you are not in a foreign country. For example, a
transaction made online with a foreign merchant is an international transaction even though made while you are physically in the United States.

Advisory Against Illegal Use. You agree not to use your card(s) for illegal gambling or other illegal purpose. Display of a payment card logo by, for example, an online merchant does not necessarily mean that transactions are lawful in all jurisdictions in which the cardholder may be located.

Non-Visa Debit Transaction Processing. We have enabled non-Visa debit transaction processing. This means you may use your Visa ®-branded Debit Card on a PIN Debit Network* (a non-Visa network) without using a PIN. The provisions of your agreement with us relating only to Visa transactions are not applicable to non-Visa
transactions. For example, the additional limits on liability (sometimes referred to as Visa’s zero-liability program) and the streamlined error resolution procedures offered on Visa debit card transactions are not applicable to transactions processed on a PIN-Debit Network. *Visa Rules generally define PIN-Debit Network as a non- Visa debit network that typically authenticates transactions by use of a personal identification number (PIN) but that is not generally known for having a card program.

Digital Banking Transfers – types of transfers and dollar limitations – You may access your account(s) by computer through the internet by logging onto our website at www.firstmooselake.com and using your user identification, password, and multifactor authentication, to:
• transfer funds from checking to checking – limited by funds available in account
• transfer funds from checking to savings – limited by funds available in account
• transfer funds from checking to checking or savings account owned by you at another financial institution – you may transfer no more than $500.00 per day – A2A (account to account)
• transfer funds from savings to checking – limited by funds available in account
• transfer funds from savings to savings – limited by funds available in account
• transfer funds from line of credit to checking – limited by funds available in account
• transfer funds from line of credit to savings – limited by funds available in account
• make payments from checking to loan account(s) with us – limited by funds available in account
• make payments from checking to third parties – You may make no more than $10,000 in payments by electronic transaction daily. – You may make no more than $10,000 in payments by paper check daily.
• make payments from savings to loan account(s) with us – limited by funds available in account
• get information about: – the account balance of checking account(s) – the last 24 months deposits to checking accounts – the last 24 months withdrawals from checking accounts – the account balance of savings account(s) – the last 24 months deposits to savings accounts – the last 24 months withdrawals from savings accounts
• P2P (person to person) transfer from your checking account at First National Bank of Moose Lake to a recipient – You may transfer no more than $500 per day.

Moose Mobile Transfers – types of transfers and dollar limitations – You may access your account(s) through the browser on you cell or mobile phone at www.firstmooselake.com by downloading our mobile banking app and using your user identification, password, and multifactor authentication, to:
• transfer funds from checking to checking – limited by funds available in account
• transfer funds from checking to savings – limited by funds available in account
• transfer funds from checking to savings or checking account owned by you at another financial institution – you may transfer no more than $500.00 per day – A2A (account to account)
• transfer funds from savings to checking – limited by funds available in account
• transfer funds from savings to savings – limited by funds available in account
• transfer funds from line of credit to checking – limited by funds available on a line of credit transfer funds from line of credit to savings – limited by funds available on a line of credit
• make payments from checking to loan account(s) with us – limited by funds available in account
• make payments from checking to third parties – You may make no more than $10,000 in payments by electronic transaction daily. – You may make no more than $10,000 in payments by paper check daily.
• make payments from savings to loan account(s) with us – limited by funds available in account
• get information about: – the account balance of checking account(s)
• history goes back 180 days – the last deposits to checking accounts
• history goes back 180 days – the last withdrawals from checking accounts
• history goes back 180 days – the account balance of savings account(s)
• history goes back 180 days – the last deposits to savings accounts
• history goes back 180 days – the last withdrawals from savings accounts
• history goes back 180 days – Mobile Wallet (Apple pay, Samsung pay, and Google pay) allows you to add your FNB of ML debit card to an application on your mobile device. Once added you may use your mobile device to make payments where the wallet is accepted
• P2P (person to person) transfer from your checking account at First National Bank of Moose Lake to a recipient – You may transfer no more than $500 per day
• Text banking allows you to receive checking and/or savings account balance and history (last three transactions) and transfer between checking and savings account
• Mobile deposit allows you to submit a check for deposit via your mobile phone – no more than $2,500.00 per day You may be charged access fees by your cell phone provider based on your individual plan. Web access is needed to use this service. Check with your cell phone provider for details on specific fees and charges.

Termination
• You may terminate the electronic fund transfer agreement by written notice to us.
• We may terminate the electronic fund transfer agreement by written notice to you.

FEES
• We do not charge for direct deposits to any type of account.
• We do not charge for preauthorized payments from any type of account. Except as indicated elsewhere, we do not charge for these electronic fund transfers.

ATM Operator/Network Fees. When you use an ATM not owned by us, you may be charged a fee by the ATM operator, or any network used (and you may be charged a fee for a balance inquiry even if you do not complete a fund transfer).

DOCUMENTATION
• Terminal transfers. You can get a receipt at the time you make a transfer to or from your account using an automated teller machine or point-of-sale terminal. However, you may not get a receipt if the amount of the transfer is $15 or less.
• Preauthorized credits. If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you can call us at (218) 485-4441 or Toll free 866-333-4441 to find out whether or not the deposit has been made.
• Periodic statements. You will get a monthly account statement from us for your checking and savings accounts. You will get a monthly account statement from us for your savings accounts unless there are no transfers in a particular month. In any case, you will get a statement at least quarterly.

PREAUTHORIZED PAYMENTS
• Right to stop payment and procedure for doing so. If you have told us in advance to make regular payments out of your account, you can stop any of these payments. Here is how: Call or write us at the telephone number or address listed in this disclosure in time for us to receive your request 3 business days or more before the payment is scheduled to be made. If you call, we may also require you to put your request in writing and get it to us within 14 days after you call. Please refer to our separate fee schedule for the amount we will charge you for each stop payment order you give.
• Notice of varying amounts. If these regular payments may vary in amount, the person you are going to pay will tell you, 10 days before each payment, when it will be made and how much it will be. (You may choose instead to get this notice only when the payment would differ by more than a certain amount from the previous payment, or when the amount would fall outside certain limits that you set.)
• Liability for failure to stop payment of preauthorized transfer. If you order us to stop one of these payments 3 business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages.

FINANCIAL INSTITUTION’S LIABILITY for failure to make transfers.
If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. 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 the transfer. (2) If you have an overdraft line and the transfer would go over the credit limit. (3) If the automated teller machine where you are making the transfer does not have enough cash. (4) If the terminal or system was not working properly and you knew about the breakdown when you started the transfer. (5) If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken. (6) There may be other exceptions stated in our agreement with you.

CONFIDENTIALITY
We will disclose information to third parties about your account or the transfers you make:
(1) where it is necessary for completing transfers; or (2) in order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant; or (3) in order to comply with government agency or
court orders; or (4) as explained in the separate Privacy Disclosure.

UNAUTHORIZED TRANSFERS
(a) Consumer liability.
• Generally. Tell us at once if you believe your card and/or code has been lost or stolen, or if you believe that an electronic fund transfer has been made without your permission using information from your check. Telephoning is the best way of keeping your possible losses down. You could lose all the money in your account (plus your maximum overdraft line of credit). We will be liable for all unauthorized transfers unless the unauthorized transfer was due to the loss or theft of your card and/or code. If due to the loss or theft of your card and/or code, and you notify us within 60 days of when the unauthorized transfer appears on the statement you can lose no more than $50 if someone used your card and/or code without permission. If you do NOT notify us within 60 days after the unauthorized transfer appears on your statement, and we prove that we could have stopped someone from using your card and/or code without your permission if you had told us within 2 days of when you discover the loss or theft of your card and/or code, you could lose as much as $500 for unauthorized transfers that appear on the statement. Also, if your statement shows transfers that you did not make, including those made by card, code, or other means, tell 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 after the 60 days if we 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 a hospital stay) kept you from telling us, we will extend the time periods.
• Additional Limit on Liability for Visa®-branded Debit Card. Unless you have been negligent or have engaged in fraud, you will not be liable for any unauthorized transactions using your lost or stolen Visa®-branded Debit Card. This additional limit on liability does not apply to ATM transactions outside of the U.S, to ATM transactions not sent over Visa or Plus networks, or to transactions using your Personal Identification Number which are not processed by VISA®. Visa is a registered trademark of Visa International Service Association.
(b) Contact in event of unauthorized transfer. If you believe your card and/or code has been lost or stolen, call or write us at the telephone number or address listed in this disclosure. You should also call the number or write to the address listed in this disclosure if you believe a transfer has been made using the information from your check without your permission.

RIGHT TO BRING CIVIL ACTION
You may bring a civil action against any person violating any provision of Minnesota Statutes
§47.69 (governing consumer privacy and unauthorized withdrawals). If you prevail in such an action, you may recover the greater of your actual damages or $500. You may also be entitled to recover punitive damages, your court costs, and reasonable attorney’s fees.

TIME NEEDED TO COMPLETE TERMINAL TRANSACTIONS
• Withdrawals made at a terminal will normally be completed and charged to your account we do real time processing with our cards.

POINT-OF-SALE TRANSACTIONS
Payment for goods or services made in this manner shall not affect any of the rights, protections, or liabilities in existing law concerning a cash or credit sale made by means other than through the use of a terminal. You cannot reverse a point-of-sale transaction.

ERROR RESOLUTION NOTICE
In Case of Errors or Questions About Your Electronic Transfers, Call or Write us at the telephone number or address listed in this disclosure, as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer listed on the statement or receipt. We must hear from you no later than 60 days after we sent the FIRST statement on which the problem or error appeared. (1) Tell us your name and account number (if any). (2) Describe the error or the 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. If you tell us orally, we may require that you send us
your complaint or question in writing within 10 business days. We will determine whether an error occurred within 10 business days (5 business days for Visa®-branded Debit Card point-of-sale transactions processed by Visa and 20 business days if the transfer involved a new account) after we hear from you and will correct any error promptly. If we need more time, however, we may take up to 45 days (90 days if the transfer involved a new account, a point-of-sale transaction, or a foreign-initiated transfer) to investigate your complaint or question. If we decide to do this, we will credit your account within 10 business days (5 business days for Visa®-branded Debit Card point-of-sale transactions processed by Visa and 20 business days if the transfer involved a new account) 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 within 10 business days, we may not credit your account. Your account is considered a new account for the first 30 days after the first deposit is made, unless each of you already has an established account with us before this account is opened. We will tell you the results within three business days after completing our investigation. If we decide that there was no error, we will send you a written explanation. You may ask for copies of the documents that we used in our investigation.

FIRST NATIONAL BANK OF MOOSE LAKE
400 ELM AVE
P.O. BOX 429
MOOSE LAKE, MN 55767

Business Days: Monday through Friday Excluding Federal Holidays
Phone: 218-485-4441 MORE DETAILED INFORMATION IS AVAILABLE ON REQUEST

NOTICE OF ATM/NIGHT DEPOSIT FACILITY USER PRECAUTIONS
As with all financial transactions, please exercise discretion when using an automated teller machine (ATM) or night deposit facility. For your own safety, be careful. The following suggestions may be helpful. 1. Prepare for your transactions at home (for instance, by filling out a deposit slip) to minimize your time at the ATM or night deposit facility. 2. Mark each transaction in your account record, but not while at the ATM or night deposit facility. Always save your ATM receipts. Don’t leave them at the ATM or night deposit facility because they may contain important account information. 3. Compare your records with the account statements or account histories that you receive. 4. Don’t lend your ATM card to anyone. 5. Remember, do not leave your card at the ATM. Do not leave any documents at a night deposit facility. 6. Protect the secrecy of your Personal Identification Number (PIN). Protect your ATM card as though it were cash. Don’t tell anyone your PIN. Don’t give anyone information regarding your ATM card or PIN over the telephone. Never enter your PIN in any ATM that does not look genuine, has been modified, has a suspicious device attached, or is operating in a suspicious manner. Don’t write your PIN where it can be discovered. For example, don’t keep a note of your PIN in your wallet or purse. 7. Prevent others from seeing you enter your PIN by using your body to shield their view. 8. If you lose your ATM card or if it is stolen, promptly notify us. You should consult the other disclosures you have received about electronic fund transfers for additional information about what to do if your card is lost or stolen. 9. When you make a transaction, be aware of your surroundings. Look out for suspicious activity near the ATM or night deposit facility, particularly if it is after sunset. At night, be sure that the facility (including the parking area and walkways) is well lighted. Consider having someone accompany you when you use the facility, especially after sunset. If you observe any problem, go to another ATM or night deposit facility. 10. Don’t accept assistance from anyone you don’t know when using an ATM or night deposit facility. 11. If you notice anything suspicious or if any other problem arises after you have begun an ATM transaction, you may want to cancel the transaction, pocket your card and leave. You might consider using another ATM or coming back later. 12. Don’t display your cash; pocket it as soon as the ATM transaction is completed and count the cash later when you are in the safety of your own car, home, or other secure surrounding. 13. At a drive-up facility, make sure all the car doors are locked and all the windows are rolled up, except the driver’s window. Keep the engine running and remain alert to your surroundings. 14. We want the ATM and night deposit facility to be safe and convenient for you. Therefore, please tell us if you know of any problem with a facility. For instance, let us know if a light is not working or there is any damage to a facility. Please report any suspicious activity or crimes to both the operator of the facility and the local law enforcement officials immediately.

THE FIRST NATIONAL BANK OF MOOSE LAKE
400 ELM AVENUE
MOOSE LAKE, MINNESOTA 55767
218-485-4441 OR TOLL FREE 866-333-4441
Member FDIC