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Foresight Bank
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Frequently Asked Questions

 

Debit Card

Answer

You can visit the Foresight Bank ATM in Plainview with your card and immediately change the PIN to one of your choosing. You must know your current PIN. Due to security reasons, Foresight Bank does not have access to your PIN.

Answer

Use your new card at an ATM for a PIN based transaction. Call Foresight Bank at 507-534-3131 or 800-443-8605 or visit a Foresight Bank location. 

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To prevent and limit fraudulent charges, there is a $1,000 daily limit on purchases from merchants and a $500 daily limit on ATM cash withdrawals. Please contact Customer Service at 507-534-3131 or 800-443-8605 if you need a temporary increase to these daily limits.

Answer

You have 3 attempts to enter the correct PIN for your debit card. After 3 attempts, please call Customer Service at 507-534-3131 or 800-443-8605.
Foresight Bank has a Fraud Center that monitors debit card transactions 24/7 and you may receive an email, text or phone call to verify transactions.  Our Fraud Center phone number is 1-800-237-8990 and can be saved to your phone contacts for future reference (please note this number is only used to verify transactions on a debit card; NOT for reporting a card lost/stolen).  Fraud Center text messages come from 96923 or short code of 4sightBK. 
 
The Fraud Center will only attempt to call or text customers between 8am-8pm.  This number is only used to verify transactions on a debit card; NOT for reporting a card lost/stolen.
 
REMEMBER:  Our Fraud Center will NEVER ask for the PIN or account number associated with your debit card.
 

 

iBanking

Answer

iBanking is a free service offered by Foresight Bank. Click here to enroll now.

Answer

If you have forgotten your login ID, please call Customer Service at 507-534-3131 or 800-443-8605.
If you have forgotten your password, you are allowed 3 attempts to enter your password. On the third attempt, if invalid, you will be locked out of the system. Immediate access may be regained by calling Foresight Bank at (507) 534-3131 (toll free at 800-443-8605) during regular business hours. You can also regain access online by following the online password reset procedures.
 
 
Password requirements for iBanking:

  • Must contain at least 1 letter
  • Must contain at least 1 number
  • May contain the following special characters +_%@!$*~
  • Must contain at least 1 upper and lower case letter
  • Must be between 8 and 25 characters in length
  • Must not match or contain your ID
  • Must not match one of the previous 4 PASSWORDs

Answer

  1. Sign into iBanking and select Options>Modify Personal Settings
  2. Enter a current email address or verify existing email is correct
  3. Fill out the PASSWORD Reset Question and Answer by creating your own question and answer.
  4. Select Submit at the bottom of the page.

Answer

There are 2 ways to reset your password (online or by phone):
 
  1. Please see "How do I create my password self-reset questions?" item above if you have not already set up your password reset questions.
  2. From the login screen select Reset Password
  3. Complete the information requested: Foresight iBanking ID, email address on file and email subject line (This can be any subject that will help you recognize the email is legitimate and was generated by an inquiry of yours.)
  4. An email will be sent to you with the subject line you entered. You will have 2 hours to activate the password reset link from this email. If more than 2 hours have elapsed please start again at step 1 of the Password Self-Reset Procedures.
  5. Once you open the email select click here.
  6. You will be prompted to enter your Foresight iBanking ID, and the answer to your password reset question, select Submit when complete.
  7. On the last screen enter and confirm your new password.
  8. You can now select Go to Login Page or Close Browser.
    *Not available through the Mobile App
 
PHONE
Call Customer Service at 507-534-3131 or 800-443-8605

Answer

To ensure your privacy, you may change your login ID or password at any time by selecting the Options Tab.  You will be required to change your password at a minimum once a year.
Checks that have not been converted by the payee to electronic form are available for the past 6 months for viewing and printing within iBanking.  You are also able to access and print your past 12 months of statements within iBanking.
 

Mobile iBanking

On your phone or tablet go to the "Play Store" (Android) or "App Store" (iPhone, iPad), search for Foresight Bank and select to download the app. You will need to sign up for iBanking to be able to take advantage of Mobile iBanking. If you would like to enroll in iBanking, click here.  
There is no fee for this service. It’s one more way that Foresight Bank gives you more value by banking with us.
  • View your transaction history
  • View your account balances
  • Transfer funds between accounts
  • Pay bills to existing payees in your iBanking Bill-Pay account
  • View alerts concerning your account(s)
Foresight Bank is very concerned with the safety and privacy of your information and committed to security. To ensure the security of your account information, a number of security features have been built into Mobile iBanking including encryption, passwords, security questions, and automatic log out due to inactivity.
If your mobile device is lost or stolen, no one can access your account without knowing your unique password. In the unfortunate event your mobile device is either lost or stolen, report it immediately to your mobile carrier. Then you should immediately log into iBanking from your computer and delete your mobile device’s phone number on the Options > Mobile Settings pages.
If you simply get a new phone but keep the same phone number and provider, no changes on your part are necessary. If you switch providers and/or phone numbers, log in to iBanking and update your information on the Options > Mobile Settings page. You will not receive text messages regarding Mobile iBanking transactions if your phone number and carrier are not correct.
If you set up text alerts, each time you make a transfer or bill payment a confirmation text message will be sent to your mobile device. If you do not receive a confirmation text message, check to see if a transfer went through by looking at your Mobile iBanking account history and check your bill payment status via traditional iBanking.
To use mobile iBanking, your phone must meet the following minimum requirements:
  1. Your mobile device must be web enabled and have an updated operating system.
  2. Your mobile network must allow secure SSL traffic. You may need to contact your mobile provider to determine this.
If you would like to keep your iBanking account but no longer wish to have access through the mobile app simply remove the app from your mobile device. If you would like to close your iBanking account, please contact Foresight Bank Customer Service. 
 

Mobile Deposit

Mobile Deposit lets you make a deposit with your iPhone, iPad, or Android smartphone by taking a picture of your check. You will need to have an active iBanking account in order to take advantage of Mobile Deposit, as well as download the Foresight Bank Mobile App.
Please contact Foresight Bank Customer Service at 507-534-3131 or 800-443-8605.
There is no fee for this service. It’s one more way that Foresight Bank gives you more value by banking with us.
  • Only complete, unaltered checks in U.S. currency drawn on a financial institution in the U.S. and made payable to the account owner(s) that have been properly endorsed are accepted.
  • Checks must be dated less than six months from the deposit date to be deposited.
  • The endorsement area will need the payee’s signature(s) along with for "Mobile Deposit Only" or by selecting the "Check here if Mobile Deposit" box on the back of your check.
Please contact Foresight Bank Customer Service at 507-534-3131 or 800-443-8605.
  1. Launch the mobile app and select "Deposit"
  2. Select "Deposit a Check"
  3. Enter the amount of the deposit and select the account for deposit.
  4. At the top of the screen, select "Check Front."  The camera will turn on.  Take a picture of the front of the check following the instructions on the screen.  Select "Use" if the image is clear; otherwise select "Retake."  Repeat the process for the "Check Back."  The endorsement area will need the payee’s signature(s) along with for "Mobile Deposit Only" or by selecting the "Check here if Mobile Deposit" box on the back of your check.
  5. Select "Deposit"
  6. You will receive a "Deposit Confirmation" once the check has been submitted. 
  7. Select "Close"
The deposit cut-off time is 5:00 PM CST, Monday through Friday. If you submit a mobile deposit after 5:00 PM, or on a non-business day or federal holiday, your deposit will be processed the next business day.
Please keep the checks in a safe place for 90 days after you see the check deposited in your account. This 90-day period assures that you have the check until it has gone through the check-collection system. After that, dispose of the check securely. We recommend cross-cut shredding.
You will receive an e-mail once your deposit has been submitted, telling you that it has been received for processing. Receipt of your mobile deposit confirmation does not mean that the transmission was error-free or that the deposited funds will be immediately available in your account. Check your current Transaction History for confirmation of your deposit.
You will receive our normal mailed response in the event of a returned or insufficient funds check.
  • Before logging into the Mobile Deposit app, close all other apps running in the background
  • Sign/endorse the back of your check using black ink, along with the phrase "Mobile Deposit Only"
  • Make sure that the entire check image is visible and in focus – four check corners visible
  • Flatten folded or crumpled checks before taking your photos
  • Take the photos of your check in a well-lit area
  • Place the check on solid dark background before taking the photo
  • The MICR line (numbers on the bottom of your check) must be readable
No, you can view images of your deposited checks for a limited time, but they are not stored on your device.
 

Bill Pay

Bill Pay allows you to pay your bills with the click of a button anytime, anywhere.  You can set up recurring payments or one-time payments for all your bills.  Payments are made electronically or with a check. You will need to have an active iBanking account in order to take advantage of Bill Pay.
  • Consumer Accounts - Bill Pay is free for unlimited bills paid  
  • Farm/Commercial Accounts - $3.00 per month plus $.40 per bill paid 
  • Rush Payment Fees are as follows:
    • $19.95 Next Business Day 
    • $14.95 2nd Day Standard
    • $4.95 2nd Day Economy
  • Gift Check fee within Bill Pay is $2.99 per item
  • Donation Check fee within Bill Pay is $1.99 per item
Your account will be assessed the appropriate Bill Pay fee at the time your statement cycles.
A one-time or recurring scheduled payment can be set up several years in advance.
All bill payments are processed twice a day on business days.  The first processing begins at 2:00 AM CST, and the second processing begins at 12:00 Noon CST. Any payment entered after the 2:00 AM processing, and before the 12:00 Noon processing will be processed the same day.
 
Bills do not get paid on holidays or weekends. If a SCHEDULED bill payment falls on a holiday or weekend, it will be paid on the Friday BEFORE the weekend, or the last working day BEFORE the holiday.
For an electronic payment, allow 3 to 4 business days from when the payment is submitted. For a check, allow 5-7 business days.
For an electronic payment, funds are debited the same day that the payment is sent, if the payment is sent before 12:00 Noon CST. Electronic payments submitted after the 12:00 Noon CST are debited the next business day. Check payment funds are debited when the check clears your account.
If the funds are available, your account is debited for the payment.  If the funds are not available the payment will continue to be attempted until either you have the funds available or you delete the payment.
Payment history is available by selecting Bill Pay then selecting View History.
 

Text Banking

With Mobile Text you can view your account balances and the 4 most recent transactions with a text message.
You will need to have an active iBanking account in order to take advantage of Text Banking. To enroll for Mobile Text simply sign in to your iBanking account on your computer, access Options > Mobile Settings > Text Mobile Settings and then complete the set up by texting “Yes” back to the confirmation text you receive. Then text 89549 to get the information you need.

Bal = All account balances
Bal Mobile Short Name = Single account balance
Hist = All accounts recent activity
Hist Mobile Short Name = Single account activity
No. To enroll in Text Banking please log into iBanking and access Options > Mobile Settings > Text Mobile Settings.
If you have a data-enabled phone with texting, you can utilize both services.
Unenrollment can be accomplished one of two ways. You can text STOP to 89549 or you can log in to your traditional iBanking site and de-select the enroll option in Options > Mobile Settings > Text Mobile Settings.
 

Loans

If you are applying for a business purpose loan, you will need 3 years of tax returns (if applicable), and your tax ID Number, and a good idea of a balance sheet for your business.
If you are applying for a mortgage loan, you will need Driver's Licenses for all borrowers, and proof of income for all borrowers (tax returns, pay stubs, or W2's).
The best way to find out your loan payoff amount is to call Foresight Bank at 507-534-3131 and speak with a lender or loan assistant.  
Foresight Bank sends out your interest statement before tax season every year. If you are missing that statement, please call 507-534-3131 and we can give you the information.
If you made your payment online, the payment was only applied to the principle that is owed, and not any interest accrued. Please call the bank at 507-534-3131 to get the most accurate ready reserve payoff amount.
Please call the bank to get our current loan rates at 507-534-3131.
 

Deposits

To assist in opening your account, we will need a government-issued photo ID and valid Social Security Number (SSN).
To assist in opening your account, we will need a government-issued photo ID and vaild Social Security Number (SSN). We may also request the following for businesses:

Sole Proprietorships:
Your full legal name
 
Limited Liability Companies (LLC):
Articles of Organization
 
Unincorporated Association or other entities:
By-laws (if applicable)
Meeting minutes (if applicable)
 
Corporations:
Articles of Incorporation filed with the state
 
Partnerships and Limited Liability Partnerships (LLPs):
Partnership Agreement
If you withdraw any of the principal from your Certificate of Deposit (CD) before the maturity date, the following penalties are:
 
  • If the term is 30 Days to 1 Year in length, the Early Withdrawal Penalty is 30 Days of interest.
  • If the term is 18 Months to 48 Months in length, the Early Withdrawal Penalty is 90 Days of interest.
  • If the term is 60 Months to 72 Months in length, the Early Withdrawal Penalty is 182 Days of interest.

Foresight Bank will allow early withdrawal and waive the indicated penalty if: (1) Any account owner dies or becomes the protected person of a custodianship or guardianship. (2) Any account owner is confined to a licensed nursing facility for indefinite custodial care (in which case, a maximum of one withdrawal of $25,000.00 per 6 months is allowed).