Venture Bank Direct is the newest member in the family of business and personal banking services provided by Venture Bank. Headquartered in DuPont, WA adjacent to Washington State's Capitol city of Olympia. Venture Bank has 18 financial centers in four western Washington counties and has approximately $1.2 billion in assets. For more information about Venture Bank, click here.

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Yes, to the maximum allowed by law.

Venture Bank Direct is the online branch of Venture Bank and your deposits at Venture Bank Direct are FDIC insured up to $250,000 per depositor. Keep in mind that individual and joint accounts are insured separately, so if you have both types of accounts with us, your total deposits can be insured up to $500,000; that’s up to $250,000 in all your individual accounts and up to an additional $250,000 in your joint accounts.

Plus, you may even be able to extend your FDIC Insurance coverage at Venture Bank Direct if you establish deposit accounts in different ownership categories. View our handy chart to learn more. For general information about the FDIC, visit their Web site, www.fdic.gov.

(Venture Bank and Venture Bank Direct are considered one financial institution, please estimate your coverage accordingly if you have Venture Bank and Venture Bank Direct accounts.)

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Opening a Venture Bank Direct account is quick, easy and secure. Just click on the Apply Now button on our home page to complete the short online application and fund your new account.

The only requirements are that you are at least 18 years old, have a valid social security number, a legal U.S. address, a valid driver’s license number, state issued ID number or military issued ID and a personal bank account in a U.S. bank.

You will be notified by e-mail when your account is open and available.  Your account number(s), online banking ID, etc. can be obtained completely online via the instructions found in the notifying e-mail.

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• Our online application will give you the opportunity to open your account with a joint depositor.
• If you wish to add a joint depositor at a later date you can log in to your Online Banking, click on Contact Us and send us the joint account holder's name, social security number, driver's license number, date of birth, address, and phone number.
• As an alternative you can log on to Venture Bank Direct, go to FAQs and click the link for the Add Joint Depositor form. Please fill out the form and fax it to 253-441-4035 or mail it to us at: Venture Bank Direct, Attn: Customer Support, P.O. Box 970, DuPont, WA 98327.
• Once we receive the information, we will contact you to ask the joint account holder Identification Authentication questions.

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For individual accounts, simply log in to your Online Banking, click Contact Us and give us the name of the beneficiary, Social Security Number and date of birth.

For joint accounts, both depositors will need to sign the Add A Beneficiary form that is available on the FAQ page.  You may mail the completed form and any required documentation to Venture Bank Direct, Attn: Customer Support, P.O. Box 970, DuPont, WA  98327.

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For individual accounts, simply log in to your Online Banking, click Contact Us and request that the beneficiary be removed.

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125107671

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Call 1-877-577-5785 Monday through Friday between the hours of 6:00 a.m. and 5:00 p.m. (PST).

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You can make all of your deposits and withdrawals online through your secure Online Banking accounts with Bank to Bank Transfer. You can set up transfers with linked (external) accounts by clicking on Bank to Bank Transfer in your Online Banking. Deposits and withdrawals pass between your linked (external) funding account(s) and Venture Bank Direct via the Automated Clearing House (ACH) and usually take 2 to 4 days to process.

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For identity verification reasons, we will send 2 small (less than $1.00) deposits to your linked (external) account. In 2-4 days, review your linked account for the deposit amounts. Once you know those amounts, go to Venture Bank Direct, log in to your Online Banking, click on the Bank to Bank Transfers tab and enter the amounts.

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You can have up to 3 external linked accounts. There is not a fee for making transfer to your account. However, savings accounts are subject to regulatory limits of 6 withdrawals per month. The first 3 withdrawals are free, each withdrawal over 3 incurs a $1.00 fee.

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Initial funding made electronically via ACH will be ‘held’ for 5 days unless you have not verified the small deposits made to your linked (external) account. After the 5 days for your initial deposit if you have not verified the small deposits, the funds will be continue to be ‘held’ until the small deposits are verified. All future electronic deposits will be ‘held’ for 5 days.

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You may make unlimited ATM and in person transactions. You may make only six (6) transfers from your account each month. Transfers from your account are defined as: preauthorized, SWEEP, automatic, telephone, and online transfers.

Three (3) transfers may be made by debit card or similar order.

An activity fee of $1.00 will be charged for each debit transaction (withdrawal, automatic transfer, or payment out of this account) in excess of three (3) during a month.

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• Interest is compounded monthly and paid monthly based on daily collected balances.

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• 3.50% APY*
• ATM Fees refunded
• No monthly service charge

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There are three (3) simple requirements you must meet during each monthly statement cycle (the 16th of each month through the 15th of the next):

• Use your VISA check card at least 10 times. This includes PIN-based or signature transactions but does not include ATM transactions.
• Receive one regular direct deposit or use your account to pay an automatic debit.
  • A regular direct deposit can be a payroll deposit, Social Security or other regular government disbursement or any other scheduled, automatic deposit.
  • An automatic debit is any bill or payment that is electronically deducted from your Wise-Choice Checking account. Common debits include gym dues, monthly insurance premiums or online movie rental subscription fees.
• Receive your account statement electronically (e-Statements). E-Statements are free and you can enroll for them by going in to your Online Banking, clicking on the e-Statements tab and following a few simple instructions.

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• You will receive .25% APY on the entire balance in your account.
• Your ATM fees will not be refunded.
• You are eligible to qualify monthly; so if you miss a month, you can meet the requirements the next month to earn the benefits.

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• If you meet the requirements, we will pay 3.50% APY from $.01 to $25,000
• Any amount over $25,000 we will pay 1.00% APY
• If you do not meet the requirements, the account still earns .25% APY.

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Yes, Venture Bank reserves the right to change rates at any time.

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No.

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Interest is compounded monthly and credited monthly to your account. If you close your account before interest is credited, you will not receive the accrued interest or refund of ATM transaction fees.

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You will receive an email confirmation listing the results each month whether you met or missed the requirements.

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Yes, as long as you meet the three requirements, there is no minimum balance requirement to qualify for the benefits.

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Yes, you will earn your benefits the first month you open your account whether you have met the requirements or not.

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You can make deposits by setting up a Direct Deposit into your Wise-Choice Checking. You can also transfer money from your Wise-Choice Savings account.

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You have several options:

• Use your Wise-Choice Checking VISA™ Check Card anywhere VISA is accepted;
• Use Free Online Bill Pay to send payments to companies and friends or write them a check;
• Get cash at ATMs or cash back with VISA Check Card purchases; or
• Transfer money to another account

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No, you can do as many transactions as you like.

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Deposits that are automatically originated outside the bank that come to us electronically – like your Social Security benefits or payroll – and transfers from your other Venture Bank accounts are generally available immediately.

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Your new card should arrive in the mail 10 - 14 business days after you are approved for your Wise-Choice Checking account.

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You will receive your PIN for your VISA check card a couple of days after your card arrives. When you receive your card, you will also be given a phone number where you can call and personalize your PIN.

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Along with your card you will receive an 800 number to call. Simply call the number and follow the instructions to activate your card.

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You can withdraw $500.00 daily.

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Call 877-577-5785 or 800-554-8969 (outside of normal business hours) as soon as you realize it’s lost or stolen. We will put an immediate restriction on the card so it can’t be used and we will send you a new card and PIN.

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No, Bill Pay is completely free.

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Login to venturebankdirect.com, click on Bill Pay and then click on Enroll Me. You will be able to begin paying bills immediately.

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Upon successful enrollment in Online Bill Pay, you will be allowed to pay a limited amount of bills until your checking account is confirmed.

As a security feature, Online Bill Pay automatically goes through an account verification process. Within 2-4 business days of enrolling in Bill Pay, you will receive two small deposits in your Wise-Choice Checking account. Once you see those deposits, simply log back in to Bill Pay and confirm your deposits. Once your account is confirmed, you are allowed to pay an unlimited number of bills.

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