Medical professionals: A line of credit to ease cash-flow issues Mar 06, 2014, 8:15 am By Heidi Carmack Pfaffroth

You play an essential role in the health of your patients. Isn’t it time your financial institution did the same for you? Managing your business requires proper financing and Bank of American Fork may be able to help. Many medical professionals are concerned with how they will be impacted by the implementation of ICD-10 combined with the requirements of the Affordable Care Act.  

Slower payment times while you work through the details of these new regulations could impact your cash flow. A line of credit from Bank of American Fork could help ease those cash-flow issues. Or maybe you need to purchase new equipment to update or expand your practice, but are concerned about depleting cash reserves. An SBA loan could make that purchase possible.

At Bank of American Fork, we design products with the financial health of your business in mind to help you avoid the traps or hidden fees that hinder your financial stability. We would like to meet with you to discuss how we can help you. Call us at 801-815-BANK, stop by one of our 14 locations or visit www.bankaf.com today. It’s just what the financial doctor ordered for your business!

Collect online payments affordably and easily with ExpressCollect® Feb 27, 2014, 8:10 am By Heidi Carmack Pfaffroth

Forget paper checks. Now you can accept online payments or donations directly from checking or savings accounts.

Are you a small business owner looking to provide your customers with the convenience of online payments? Bank of American Fork’s ExpressCollect is an online solution that allows businesses to accept online payments or donations directly from their customers’ bank accounts or credit cards. The service is ideal for organizations that do not have access to, or the need for, an online shopping cart but want to provide to their customers the convenience of online payment or donations.

ExpressCollect offers businesses a unique URL at which to accept customer payments and allows each business to customize its payment page with branding, including logos, color scheme and content. It does not require that you store sensitive transaction information on your network. Our professionals will walk you through the minimal amount of technical work required for setup.  

It’s an affordable, effective solution that makes collecting payments easier and more convenient for business owners and managers. It may even help business owners and managers to improve cash flow because of timely deposits.

For more information, or to apply for our ExpressCollect service, visit any Bank of American Fork branch or contact us at 1-800-815-BANK.  

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Donate for dogs: AF police still need $6,000 Feb 26, 2014, 9:00 am By Heidi Carmack Pfaffroth

The American Fork Police Department is raising money for two new police dogs. These highly-trained dogs help detect narcotics, locate suspects and missing persons, protect the community and guard the lives of officers. The police department has been raising funds since last fall to reach the needed amount of $30,000 for new dogs, training, and equipment. Bank of American Fork matched the first $11,000 donated by the community, and the police department now has approximately $23,900. Individual donations will now be crucial in raising the final $6,000. The police department has established an account here at Bank of American Fork where donations can be made. Contributors can also bring cash or checks to the American Fork police department.

Here is an awesome video from KSL news the other night of the dogs’ training, complete with bite suits: http://www.ksl.com/?sid=28779110.

The Daily Herald also covered the story, so read it here: http://www.heraldextra.com/news/local/k-retirement/article_baded9b8-52de-5e86-8db4-b1178d453faa.html.

The American Fork Police Department has used K-9 units for more than 15 years. For the last seven years, police service dogs Wolf and Duco, have worked side-by-side with Officers Russell Bishop and Ryan Archuleta to keep drugs off the streets, and deter and detect crime in neighborhoods.

At 63 (dog) years old, Duco and Wolf are beginning to suffer from arthritis and other age-related problems, and need to retire.  Last fall, the department launched a campaign to raise the $30,000 needed to purchase, train and equip two new service dogs to carry on Duco and Wolf’s legacy.

“Wolf and Duco have been instrumental in protecting and serving the citizens of American Fork and Cedar Hills,” said American Fork Police Chief Lance Call. “Thanks to their efforts, officers have seized tens of thousands of dollars in drugs and paraphernalia, and have apprehended multiple suspects.  The generosity of Bank of American Fork and many others will allow us to continue this very important work.”

“As the state’s leading community bank, strengthening the communities in which we operate is central to our mission,” said Richard Beard, president and CEO of Bank of American Fork. “It is an honor to be able to be part of a cause as worthy and meaningful as the K-9 program. Thanks to the efforts of the police department, local businesses and residents, we are close to our goal. As we enter the final stretch of this campaign, we call on those who haven’t yet had the opportunity to support this important program to pitch in, and close the gap. Together, we can all be part of making our community a safer place.”

Currently, there is a security flaw in the Apple operating system affecting iOS devices and Mac® computers. This may allow cyber spies and hackers to grab emails, financial information and other data from online Apple product users.

The good news is that there are three things you can do to help protect your financial information from this Apple security flaw right now:

1.       Download the update on your iOS device. This is an update from Apple. You may have received an alert on your phone already, or you will most likely find it in “Settings” under “General.”

2.       Use the Bank of American Fork app instead of accessing it through the browser on your mobile device.

3.       Don’t access your online banking on a public Wi-Fi network.

Interested in more details about this news?

Our customer service team received a number of calls concerning a major security flaw in the Apple operating system. The exploit could allow cyber spies and hackers to grab emails, financial information and other data from online Apple product users. Affecting iOS devices and Mac computers, the bug allows a hacker to view unencrypted traffic that was believed to be encrypted between the user and a secure website. When a user is doing online banking or ecommerce purchases, all of the user’s traffic could be unencrypted.

To exploit the Apple bug, a hacker would have to be on your local area or Wi-Fi network.  If you’re an iOS user, avoid using your devices on public networks—at least in the short-term until you can download Apple’s latest update. When you’re using Bank of American Fork online banking, instead of opening a browser on your device, use our mobile banking apps for the iPad® and iPhone®—they are not impacted by this bug.

The operating systems affected by this bug are as follows: iOS (Apple mobile devices) 6.x before 6.1.6 and 7.x before 7.0.6 and OS X® (Apple computers) 10.9.x before 10.9.2. Apple rushed a fix for mobile devices running iOS, so your device may have updated automatically, you have received an alert on your phone or you can update it in “Settings.”

If you have any questions or concerns don’t hesitate to call us at 800-815-BANK.

Apple, Mac, iPhone and iPad are trademarks of Apple Inc., registered in the U.S. and other countries.

IOS is a trademark or registered trademark of Cisco in the U.S. and other countries and is used under license.

Training Skills Series: Management training Feb 20, 2014, 8:20 am By Heidi Carmack Pfaffroth

Guest post by Ken Burnett, VP/Director of Training and Business Development, Bank of American Fork

This series is written from experience and is part of Bank of American Fork’s training program. The program embraces the philosophy that training is a skill-based job, and managers need to learn specific skills to be successful.

One of the most common denominators of long-term successful companies is having a skilled management team. Yet many organizations don’t provide manager-specific skill development and instead promote the best individual contributor and hope for the best.  This causes a problem: the manager just continues to do what he or she is good at, instead of developing the range of skills needed to manage well. In this article, I will discuss a process for developing management training that will fit any size organization.

Leadership skills are an important part of being a manager.  However, they are complementary to management skills and should not be confused.  To be a great manager, you have to have great management skills and great leadership skills.  We’re going to talk about how to train managers today, and we’ll address leadership skills in another article. You can also look at the series I wrote about how to develop specific manager skills.

The first step in developing the program is putting together a list of skills your managers should be able to demonstrate or outcomes they should be able to deliver.  You can ask the rank-and-file employees what they want most from their managers.  You should also ask all levels of management to list the five to eight most important tasks they do as part of their job.  After you draft that list, ask senior management to verify.  This list of tasks becomes your course objectives.    

Once you have a list of tasks, you need to determine the overall theme or topic of your training. This overall theme or topic should be in line with the tasks you listed. For example, if your tasks include “information from management needs to get down to front-line associates” and “associates need to know the strategic plan,” then perhaps the overall job is a training session about organizational communication.

The list for my organization boiled down to the following trainings:

• Essential Skills of Leadership

• Interviewing and Hiring Lawfully

• Coaching For Performance

• Employment Law

• Resolving Conflicts

• Managing Change

• Managing Your Resources

• Managing Risk

• Effective Discipline and Performance Assessment

• Developing Performance Goals

• Strategic Planning

• Essential Skills of Communicating

• Project Management

• Associate Development

Once you determine the trainings your team needs, make sure your deliverables for each are clear. Research and develop an outline for your training. For example, if you’re developing training about strategic planning you should research the definition and statistics of the value of strategic planning.  Research the who, what, when, why, and how.  Who does the strategic planning in your organization? What is strategic planning? Using this approach you will have a lot of background data to include in the training to make it relevant for your associates.

Ask your training sponsor to be specific when you develop deliverables.  If management wants managers to explain to associates what the strategic plan applies to them, you need to have activities and exercises that allow managers to practice accomplishing these goals.

Sequence the courses carefully from easiest to most complex, and also around seasonal events.  For example, a budgeting course should be near when the organizational budgeting occurs, and the strategic planning course when it is near time to do strategic planning.

One of the best parts of an organically grown management program is the use of subject matter experts to teach their discipline to the learners.  For example, the risk/compliance department should teach the managing risk course.  Make sure that the expert writes a content outline and then you facilitate them through the content.  It’s kind of like teaching a course on Hamlet with Shakespeare in the room—your job is to help the expert teach. 

The last critical step is the role of the senior manager once the new manager has been through the program.  The senior manager needs to meet with the new manager on a frequent basis to evaluate how using the skills learned in training is going.

Ken also wrote a series for manager skills. What other business skills do you want to know more about? Tell us in the comments!

Ken Burnett is vice president/director of training and business development for Bank of American Fork. He is responsible for training more than 300 employees on a variety of topics, including coaching and feedback for dozens of senior managers within the organization.                      

What’s it like to work for Bank of American Fork? Feb 19, 2014, 8:30 am By Heidi Carmack Pfaffroth

By Kristen Allen

Wouldn’t it be fantastic to love where you work and to feel like your employer genuinely cares about you, your family and your community? Well, Bank of American Fork employees do.

Recently, Bank of American Fork employees completed a Utah Business magazine survey, and the resulting score earned Bank of American Fork the honor of being designated one of Utah Business’ “Best Companies to Work For” in 2013. People love working for Bank of American Fork! This means that Bank of American Fork customers are being served well, by people who truly enjoy what they do for a living.

What is it like working for Bank of American Fork?

Among the perks of working for Bank of American Fork are a 401(k) employer match, profit sharing and financial advisers who help with retirement planning and investment options. The bank also takes care of the full cost of a term life insurance policy for employees, and the board of directors regularly approves generous annual bonuses for the full-time and part-time employees.

On top of that, Bank of American Fork associates have access to discounted tickets to local entertainment, sporting and fine-art events. They can attend various company parties (think copious amounts of food) and participate in health-related contests (to eliminate the subsequent muffin tops).

Bank of American Fork associates celebrate Ken Burnett's birthday by wearing bowties - Ken's signature look.

And, Bank of American Fork takes employee appreciation beyond ticket bargains and financial incentives. The bank hosts catered birthday lunches and celebrates Professional’s Day every year with a little something for each employee.

Bank of American Fork doesn’t just care about its employees, but about their families as well.

“I have never missed a parent-teacher conference, school performance or any other activity my children are involved with because of [a] work conflict,” one employee said.”[Bank of American Fork] offers the flexibility to participate in important family and community programs.”

And perhaps some of the most meaningful advantages of working for Bank of American Fork are the consistent opportunities the bank provides to volunteer and donate to charities. You may have heard of Project Teddy Bear, which benefits Utah’s at-risk children. In 2013, the bank sponsored its 14th annual Teddy Bear Project, which gives bank employees a chance to give back, and encourages the community to come together for a heart-warming cause. When asked what it means to work for a company involved in such a civic service, one employee answered, “It feels really rewarding to work for an organization that regularly tries to build and uplift our community.”

Bottom line: Bank of American Fork associates felt the love in 2013. When asked about benefits and compensation, growth opportunities, company culture, management and everything else about working for the bank, employees gave their employer a ringing endorsement. Or put another way: Bank of American Fork employees love their jobs, and love helping you love the bank!

2013: A Year of Giving Feb 18, 2014, 12:11 pm By Heidi Carmack Pfaffroth

Last year was another year of generous giving to dozens of local non-profits, schools, arts programs and community groups. In 2013, Bank of American Fork donated more than $150,000 to almost 150 organizations, touching thousands of lives. Additionally, our annual Project Teddy Bear collected 20,466 stuffed animals for at-risk kids that utilize various family support centers across the state—a record year of donations from the bank family, community groups and individuals.

Here’s our comprehensive list of charitable giving in 2013. Looking forward to another year of giving back!

Alpine City Rodeo

Alpine Community Theater

Alta High School Boys Basketball

American Cancer Society Sandy Relay

American Diabetes Foundation

American Fork Arts Council

American Fork Canyon Half Marathon

American Fork Children’s Choir

American Fork Football Boosters

American Fork High School

American Fork High School Basketball

American Fork High School Drama Department

American Fork High School Girls Basketball

American Fork High School Girls Soccer

American Fork High School Girls Softball

American Fork High School Marching Band

American Fork Junior High PTSA

American Fork Rotary Club

American Fork Steel Days

American Fork Symphony

American Heart Association

American Leadership Academy

American Leadership Boys Basketball

American Legion Post #68

American Lung Association in Utah

American Premier Soccer

American Red Cross

Aristotle Academy Charter School

Boys and Girls Club of Utah County

Cedar Hills City

Center for Women and Children in Crisis

Central Utah Parks and Recreation Association

Community Action Services of Utah County Food Bank

Community Health Connect

Community Presbyterian Church

Desert Hills Thunder Football

Diamond Fork Riding Club

Distinguished Young Women of Alpine

Distinguished Young Women of Highland-American Fork

Distinguished Young Women of Utah-Lehi

Draper Community Foundation Rodeo

Eagle Mountain City

Fullmer Brothers Golden Glove

Habitat for Humanity Utah County

Herriman City

Highland Fling

Huntsman Cancer Foundation

Jordan High School

Karl Maeser Preparatory Academy

Kiwanis Club

Kostopulos Dream Foundation

Lady Caveman Lacrosse

Layton High School Basketball

Layton High School Jazz Band

Legacy Elementary

Lehi Booster Club

Lehi City Family Week

Lehi High Grad Night

Lehi High School Girls Basketball

Lehi High School Sports Marketing

Lehi Library Gala

Lehi Longhorn Rodeo Team

Lehi Round-up Rodeo

Lehi Youth Football

Lone Peak High School Football

Lone Peak High School Jazz Band

Manila Elementary PTA

Miss Northern Utah County

Mountain Ridge Junior High

Mountain Ridge Junior High Drama

Mountainlands Community Housing Trust

Mountain View High School

Mrs. Utah United States

Nebo Education Foundation

Neighborhood Housing Services of Provo

Pleasant Grove High School Football

Pleasant Grove High School Girls Basketball

Pleasant Grove High School Softball

Pleasant Grove High School Wrestling

Pleasant Grove Recreation

Pleasant Grove Strawberry Days

Polynesian Heritage Youth Association

Pony Express Elementary

Riverton High School Band Booster Association

Riverton High School Drill Team

Riverton Rodeo

Riverview Elementary

Rotary Club of Pleasant Grove

Rural Community Assistance Corporation

Rural Housing Development Corporation Urban Self-Help

Salem Hills High School Football

Saratoga Springs City Splash

Saratoga Springs Fire Department

Saratoga Springs Library

Senior Housing Crime Prevention Foundation

Service Legacy Foundation

Shelley Elementary

Shelley Elementary PTA

Southland Elementary PTO

Spanish Fork Chamber Easter Egg Hunt

Spanish Fork Fire Fighters

Spanish Fork High School

Spanish Fork High School Basketball

Spanish Fork High School Football

Spanish Fork Rotary

Timpanogos Academy PTO

Timpanogos Arts Foundation

Timpanogos Arts Foundation Community Theater

Timpanogos High School Intramural Program

Timpanogos High School Volleyball

Timpanogos Symphony Orchestra

Timpview High School Baseball

Timpview Tennis Team

Tiny Tim Foundation for Kids

Utah Bankers Association Education Committee Fisher House Dinner

Utah County Fair Pig Wrestling

Utah County Hispanic Chamber of Commerce

Utah Food Bank

Utah Home Builders Association

Utah Horns Baseball

Utah Housing Coalition

Utah Housing Non-Profit Housing Corporation

Utah Micro Enterprise Loan Fund

Utah Ram Sale

Utah State Junior Livestock Show

Utah Valley Skyline Chorus

UVU Scholarship Ball

Viewmont High School

Volunteers of America

Westlake High School Football

Westfield PTA

Westlake High School Girls Softball

Westlake Senior Night Basketball

Westlake Youth Football League

Youth Champions Charity

Charitable giving options Feb 13, 2014, 8:45 am By Heidi Carmack Pfaffroth

Guest post by Angie Morris, CPA, Hawkins Cloward and Simister

Often we desire to share our good fortune by contributing to charities for those in need.  With tax season underway, you may be evaluating the charitable contributions you made last year and figuring out how you want to make contributions this year. While we tend to donate for altruistic reasons, there is also a tax benefit for making charitable donations.  The method through which you gift determines your tax benefit. There are several ways to make a gift to a charitable cause, so which one is right for you?

IRS-approved charity. One of the easiest and most common ways to donate to charity is by giving directly to an IRS-approved charity.  Donating in this manner allows you to take a tax deduction based on the fair market value of the gift.  Through direct giving you choose the charity, amount and timing of the contribution.  A tax deduction for a cash gift would be limited to 50% of your adjusted gross income (AGI) and 30% for securities held more than a year.

Private foundation. If you want to maintain control over investment and grant making decisions, a private foundation may be an effective way for you to donate.  A private foundation is an independent charitable corporation, with tax-exempt recognition by the IRS.  Private foundations are heavily regulated by the states and the federal government.  You will need to follow the compliance requirements including annual distributions and information reporting to the IRS.  Individuals that create private foundations often involve their family members with the management of the foundation.  Foundations can be costly to establish and operate; therefore, a donation to establish the foundation is usually a significant amount.  The tax deduction will be based on the fair market value of the gift.  Private foundations have a 30% AGI limit for cash gifts, and 20% for securities held more than one year.

Charitable annuity trust or charitable remainder trust. A charitable annuity trust and charitable remainder trust are a way to leave funds to a charity while receiving a stream of income over your life or a set period of time.  An agreement is reached with the charity to leave the remainder of the assets to the charity, but you get income during your lifetime.  An annuity trust will give you a fixed amount of income annually, a remainder trust will give you income for a set period of time; once you pass away the charity will keep the remainder of the assets.  There are reporting requirements with these types of trusts.  The tax deduction will be based on the fair market value of the estimated assets remaining that go to the charity.  These types of donations usually involve higher funding amounts.

Donor advised fund. A donor advised fund is a separate account maintained by a public charity that allows you to donate and accumulate funds, and recommend grants.  Once you make the donation, the organization has legal control over the funds, but you have advisory privileges on the investment and distribution of the funds.  Distributions must be made to public charities.  These types of funds are designed as a simple, accessible, and less expensive alternative to a private foundation.  There is usually a minimum amount you must contribute to set up the account. The tax deduction is 50% AGI for cash gifts and 30% AGI for securities held over a year.

There are a variety of ways to transfer assets to a charity.  Comparing the different options before deciding will ensure that you choose the best for you.  Some aspects to consider are the tax benefits, cost and complexity to establish and maintain and input you can have on the investments and charitable giving.  Once you compare and contrast the options you can determine the best tool to suit your charitable giving goals.

Angela A. Morris graduated from Brigham Young University. She is a member of the AICPA and the UACPA. She has served as the treasurer of the Utah Association of CPAs and president of the UACPA Southern Chapter. She is currently the vice chair for the Housing Authority of Utah County, the treasurer of the Utah Valley Chamber of Commerce Women’s Business Network, and on the executive board for the Utah Valley Chamber of Commerce. Angie loves spending time at Lake Powell and is a devoted St. Louis Cardinals fan.

CEObuilder event: Making the shift from competing to winning Feb 11, 2014, 9:00 am By Heidi Carmack Pfaffroth

CEObuilder and Bank of American Fork invite you to join us on Wednesday, February 19, 2014 for a forum and presentation by Leo Hopf, author and strategic consultant. Hopf’s presentation will focus on set your business up to win. You can also join the conversation on Twitter at #ceobuilder or LinkedIn.

Most organizations are set up to compete.  They are good at many things, and each year they try to get a little bit better across the board.  They have diversified their products and services so they have many chances to connect with the marketplace.  They have numerous initiatives, each with high priority. 

A few organizations are designed to win.  They have defined and aligned behind one or two bets for excellence.  They prioritize and sequence their efforts to further strengthen where they are excellent, and they ruthlessly eliminate areas in which the competition is just as good as they are.

We will discuss how to make the shift from just competing to winning.

Hopf’s session will include discussion on the following:

• Where is your organization placing its bet to win?

• How is the world changing around you? How fast are you changing relative to the world around you?

• Which parts of your business model are set up to win in the world of three years from now? Which parts are better matched to the world as it was three years ago?

• Which parts of your business are on track and should focus on continuous improvement?

• Which parts of your business need to be renewed with a change of business model?

• What can you stop doing right now that will free up time and resources to invest where you are trying to build excellence?

• How are you defining “winning” in your organization? Will your current path deliver the win you want?

This forum will be held at Bank of American Fork, Riverton Branch Conference Room, 2691 West 12600 South, from 8:30 a.m. to 4:30 p.m. on Wednesday, February 19. Please RSVP by Monday, February 17 by contacting Heidi at Heidi.carmack@bankaf.com or 801-642-3139.

About Leo Hopf

Leo Hopf is the author of “Rethink, Reinvent, Reposition:  12 Strategies to Renew Your Business and Boost Your Bottom Line” which was named the book of the month by the Institute for Management Studies.  He gives a dozen keynote speeches each year on strategy, decision making and business renewal.

He has led hundreds of strategy sessions with CEOs, leadership teams, and boards of directors.  He designed the decision making and strategic planning processes for five of the Fortune 100 largest companies.  He has facilitated sessions with dozens of CEOs on behalf of two different industry associations.  Mr. Hopf also works to build strategic bench strength in the next generation of leaders.

Hopf has worked in numerous business sectors: medical devices, health care, telecommunications, pharmaceuticals, banking, insurance, real estate, food manufacture, retail groceries, office products distribution, high-tech materials, remote sensing, travel, upstream and downstream oil and gas, pulp and paper, chemicals, mining, engineering and construction, academic and professional medical societies and building products.  He has led major consulting engagements in Indonesia, Singapore, New Zealand, Australia, Canada and Kuwait.

Each year he lectures on decision making at Stanford University in their graduate management science and engineering department.  He also teaches strategy and business renewal at the University of Minnesota’s Carlson School of Business where he is a fellow of executive education.  In addition, Hopf has lectured on strategy at the Copenhagen Business School.

Before founding Teamhopf, he was a managing director for Strategic Decisions Group, and served on their executive committee.  He is an angel investor and has advised and invested in dozens of startups.  He was formerly a member of the Band of Angels in Silicon Valley. He is on the board of directors for Listen Technologies.

Hopf earned an MBA with highest distinction from the Tuck School of Business at Dartmouth, and has bachelor’s degrees in chemical engineering and in metallurgical engineering from the University of Minnesota.  He received the Walter Jacobs Prize for inspiring confidence and enthusiasm amongst his peers while at the Tuck School.

Picture This: Mobile ExpressDeposit TM Jan 31, 2014, 10:08 am By Heidi Carmack Pfaffroth

By Amy Falke

If there’s still a check sitting in your wallet right now, there are probably a few different reasons you haven’t gotten around to depositing it. Maybe you didn’t make it to the bank before you headed out of state for a week. Perhaps it was just another fast-paced day until you slipped under the covers for some much-needed sleep and you suddenly realized you forgot to deposit that check—again, and your mind began flooding with the next day’s already packed to-do list. Maybe you’ll swing by the bank at lunch.

Mobile ExpressDeposit allows qualified* Bank of American Fork customers to use their mobile device to deposit checks any time— day or night— simply by snapping a picture and sending it through mobile banking, so you can rest easy. Here are the basics of how to use it:

  • Select either Mobile Express Deposit or the Deposit option after you log into mobile banking.
  • Click on Deposit Check
  • Complete the simple enrollment (Takes a day or two for approval—first time only).
  • Take photos of the front and back of your endorsed check.
  • Enter the deposit amount and choose your account for deposit.
  • Submit and get confirmation of your deposit†.

Mobile ExpressDeposit is a secure way to deposit your checks.  Learn more about this product here (and click the FAQ for more great info). If you think this might come in handy for you, use your Bank of American Fork app to sign up now, so next time you’ve got a check sitting in your wallet you can deposit it on your lunch break and still have time to enjoy a tasty sandwich.

* To be eligible for Mobile ExpressDeposit, you must be a Bank of American Fork online banking customer with direct ownership of a Bank of American Fork checking or savings account, your account must have been active for at least 60 days, no overdrafts in the last 6 months, and no more than 1 chargeback in the last six months. For consumer accounts there is a $0.50 fee per deposit on the first 20 deposits processed in the calendar month and a $1.00 fee per deposit on each deposit over 20. For business accounts there is a $0.50 fee per deposit on the first 60 deposits processed in the calendar month and a $1.00 fee per deposit on each deposit over 60.

†Deposit cut-off time is 6:00PM Mountain Time, Monday – Friday (excluding holidays). Deposits submitted after 6:00PM will be processed on the next business day. Deposits are subject to verification and not available for immediate withdrawal. Deposit limits and other restrictions apply.

 
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