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Foresight Bank
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Frequently Asked Questions

Debit Card

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.
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. 

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.

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

iBanking is a free service offered by Foresight Bank. Click here to enroll now.
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 one letter
  • Must contain at least one number
  • May contain the following special characters +_%@!$*~
  • Must contain at least one 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 four passwords
  1. Login to your online banking
  2. Click on your name in the bottom left of the screen
  3. Click "Settings" from the menu
  4. On the left-hand side of the screen, click on "Security"
  5. Click on the blue "Reset" link to the right of the two-factor authentication section
There are two ways to reset your password:

 Online
  1. Navigate to the home page Foresight Bank
  2. Click "Login" in the top right corner
  3. Click "Reset Password"
  4. Enter your social security number and account number for verification
  5. You will receive an authentication code to verify
  6. Enter in your new password 
  7. Save your new password
PHONE
Call Customer Service at 507-534-3131 or 800-443-8605

There are three ways to change your username or password:

Online

  1. Login to your online banking
  2. Click on your name in the bottom left of the screen
  3. Click "Settings" from the menu
  4. On the left-hand side of the screen, click on "Security"
  5. Click on the blue "Edit" link to the right of the password section or the username section
  6. Type in your current password and your new username/password
  7. Save your new username/password

Mobile

  1. Login to your mobile banking app
  2. Click on the three lines in the top left of the screen to open the menu bar
  3. On the left-hand side of the screen, click on "Settings"
  4. Click on "Security"
  5. Select "Change Username" or "Change Password"
  6. Type in your current password and your new username/password
  7. Save your new username/password

PHONE
Call Customer Service at 507-534-3131 or 800-443-8605

Yes, you can view copies of your checks and EStatements through iBanking or Mobile Banking.

Checks

  1. To view copies of checks simply login and access your transaction history
  2. Click on the corresponding transaction. Transactions with images will have a green icon below the transaction description
  3. Click on the item in the green images section

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 and then contact Foresight Bank by stopping in at our Plainview or Rochester location,  or by using the iBanking chat feature, or call us at (507) 534-3131 when you get to a phone, and a customer service representative will assist you with disabling your mobile banking. 

If you simply get a new phone but keep the same phone number and provider, then all you need to do is download the Foresight Bank Mobile App from the Apple Store or from Google Play. If you switch providers and/or phone numbers, follow the steps below:
iBanking Steps:
  1. Log into your Foresight iBanking account
  2. Click on your name in the bottom left hand corner
  3. Click on settings from the drop down menu
  4. Under Profile click on Edit next to your Home Phone Number (this will allow you to edit any of the numbers listed)
  5. Change your phone number
  6. Click on Save
Mobile App:
  1. Log into the Foresight Mobile App
  2. Press the Three dash icon in the upper left corner
  3. Choose Settings (gear icon) 
  4. Press your Name (circle with your initials)
  5. Press Edit in the section that has your phone numbers listed
  6. Change your phone number
  7. Save changes
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." 
  • Checks made payable to a business should be endorsed with the name of the organization followed by an authorized signer with his/her title.  An example of this endorsement:  Sample Company, Inc.  John Smith, Manager.  "Mobile Deposit Only" should also be written on the back of the 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"
  3. Select "Deposit a check"
  4. Enter the amount of the deposit and select the account for the deposit.
  5. 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 require the payee’s signature(s) along with writing "Mobile Deposit Only."  Note:  checks made payable to a business should be endorsed with the name of the organization followed by an authorized signer's signature with his/her title.  An example of this endorsement:  Sample Company, Inc.  John Smith, Manager.  
  6. Select "Deposit"
  7. You will receive a "Deposit Confirmation" once the check has been submitted. 
  8. 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.
You will need an active iBanking account to self-enroll for this service.  The first time enrolling does require the user to be logged in from a computer (not a mobile device).  Select Manage Payments from the iBanking screen.  This will populate the enrollment process. Once enrolled through a computer, you can also use your mobile device to schedule bill payments, create new payees, etc.  
  • Consumer Accounts - Bill Pay is free for unlimited bill payments
  • Farm/Commercial Accounts - Bill Pay is free for unlimited bill payments
  • 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. We have two processing times at 7AM and 2PM CST. Any payments submitted after 2PM will be processed the next day at 7AM.

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.
Electronic & Check Payments

The funds will be debited from your account during processing. We have two processing times at 7AM and 2PM CST. Any payments submitted after the 2:00PM CST are debited the next business day at 7AM CST. You will receive a notice in the message center for any outstanding checks that are 30 or 60 days old. After 90 days, any outstanding checks will be voided and the funds will be returned to your account.

The payment will continue to be attempted for three business days. After three days, the payment will be cancelled and you will receive a notification in the message center. 

Payment history is available by selecting Payments from the online banking Dashboard. You can view a specific payee history by clicking on Payees above and then clicking on a specific Payee. 

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 valid Social Security Number (SSN). We may also request the following for businesses:

Sole Proprietorship:
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 (LLP):
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 17 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).  

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 principal 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.
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