Bank of Vernon customers should be aware of the continuing threat posed by multiple e-mail-based scams known as "phishing". These e-mail-based scams attempt to collect private account information from customers through deceptive and misleading methods.
For example, these phishing e-mails fraudulently request personal information including user ids, passwords, Social Security numbers, credit or ATM card numbers. The unsuspecting customer's personal information is generally gathered through a link provided in the e-mail that directs the recipient to non-Bank of Vernon Web sites that look very much like a legitimate site.
Please note that Bank of Vernon does not solicit sensitive, private information from customers through unsecure e-mail. Customers who receive these e-mails should not follow any of the instructions in the e-mail, and should not click on the links contained in the e-mail. If customers follow these steps, their accounts are not in jeopardy of being compromised.
If you have any concerns about the legitimacy of an e-mail message that appears to be from Bank of Vernon, please forward it immediately to firstname.lastname@example.org. As stated above, do not respond to the e-mail message or click any of the links contained in the e-mail. Please do not remove the original subject line or change the e-mail in any way when you forward it to us.
At Bank of Vernon protecting your privacy and the security of your information is very important to us.
ALERT: Beware of Phishing E-mail that Claims to be from NACHA
JULY 22, 2010 -- NACHA - The Electronic Payments Association has received reports that individuals and/or companies have received a fraudulent e-mail that has the appearance of having been sent from NACHA. See sample below.
The subject line of the e-mail states: "Unauthorized ACH Transaction." The e-mail includes a link that redirects the individual to a fake Web page and contains a link which is almost certainly an executable virus with malware. Do not click on the link. Both the e-mail and the related website are fraudulent.
Be aware that phishing e-mails frequently have links to Web pages that host malicious code and software. Do not follow Web links in unsolicited e-mails from unknown parties or from parties with whom you do not normally communicate, or that appear to be known but are suspicious or otherwise unusual.
NACHA itself does not process nor touch the ACH transactions that flow to and from organizations and financial institutions. NACHA does not send communications to individuals or organizations about individual ACH transactions that they originate or receive.
If malicious code is detected or suspected on a computer, consult with a computer security or anti-virus specialist to remove malicious code or re-install a clean image of the computer system. Always use anti-virus software and ensure that the virus signatures are automatically updated.
Ensure that the computer operating systems and common software applications security patches are installed and current.
Be alert for different variations of fraudulent e-mails. CHECKING ACCOUNTS
= = = = = Begin Sample E-mail = = = = = =
Sent: Thursday, July 22, 2010 8:27 AM
To: Doe, John
Subject: Unauthorized ACH Transaction
Dear bank account holder,
The ACH transaction, recently initiated from your bank account,
was rejected by the Electronic Payments Association. Please
review the transaction report by clicking the link below:
Unauthorized ACH Transaction Report
Copyright Â©2009 by NACHA - The Electronic Payments Association
= = = = = End Sample E-mail = = = = = =
|0 - $594.99||$5.95|
|$595 and over ||No Charge|
| ||Minimum Balance |
| ||$600 ||$0 - 599 |
|Basic||$5.00 ||$8.00 |
Free Personalized Checks, Accidental Death & Dismemberment Insurance, 25% annual safe deposit box discount, $30,000 Family AD&D Insurance
Designed especially for the high school senior. Your free BankClub account for one year. Your Bank of Vernon Visa/Mastercard application
Senior Citizen Account
Personal Checking accounts held by customers 65 years and older will be exempt from service charge. Personalized checks will also be offered at no cost.
Non Profit AccountINTEREST BEARING ACCOUNTS
Non Interest Bearing accounts held by Non-Profit Organizations will be exempt from a minimum balance charge and per item charge
|0 - $999.99||$9.00|
|$1,000 - $1,999.99||$5.00|
|$2,000 and over||No Charge|
Note: On all personal Now Accounts, including Classic and BankClub Now, the minimum daily collected balance to earn interest is $2,000
No service charge in month opened
Minimum Balance to Open - $2,000
Now BankClub Account
Minimum Balance Requirements same as Now Account Bank Club Charges
Insured Money Market Account
Note: On Insured Money Market Account the minimum daily collected balance to earn interest is $2,500
|0 - $2,499.99||$8.00|
|$2,500 and over||No Charge|
Minimum balance to open - $2,500
Super Money Market Account
|0 - $9,999.99||$12.00|
|$10,000 and over||No Charge|
Minimum Opening Balance - $10,000
Minimum Daily Collected Balance to earn interest is $10,000
Minimum Deposit Amount - $1,000
No checks allowed
One withdrawal per statement cycle allowed $12.00 per withdrawal thereafter
Rate guaranteed to never be less than bank's 90 day CD Rate.
(Available for personal accounts only---------not business, corporations, not for profit, public funds).
Offered for Limited Time Only
Quarterly Maintenance Charge
|0 - $49.99||$2.00|
|Per withdrawal after 3 per 3 mo. Statement cycle||$3.00|
Checks issued first week in November
Withdrawal Fee Prior to Check Issuance - $12.00
Earnings credit to offset charges based on 3 month Treasury Bill Auction Rate. (All rates subject to change without prior notice)
|Checks & Deposits||$ .12|
|Items Deposited||$ .07|
|FDIC Insurance Rate||8.00%|
No service charge in month opened
Small Business Account
(Minimum Collected Balance)
|$3,500 & above||No Charge|
|0 - $3,499.99||$12.00|
50 Checks Free
75 Deposit Items Free
Excess checks $.22 each regardless of balance
Excess deposit items $.17 each regardless of balance
Non Interest Bearing. 14% charged on uncollected funds.
Business Money Market AccountMinimum Opening Balance - $25,000
Minimum Daily Collected Balance to earn interest is $25,000
Minimum Deposit Amount - $5,000
No checks allowed
One withdrawal per statement cycle allowed
$14.00 per withdrawal thereafter
(Available for businesses, corporations, non-profit and public funds only)
10 free deposit items $.12 per item thereafter
Free order of checks for customer opening a business DDA at time of opening BMM