Frequently Asked Questions

On your phone or tablet go to the "Play Store" (Android) or "App Store" (Apple), search for Foresight Bank and download the app. You will need to sign up for iBanking to be able to take advantage of Mobile iBanking. Click here to enroll in iBanking, 

Get started with Google

Get started with Apple

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)
• And more!
  

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

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.

New Mobile Deposit User

1. Launch the mobile app and select the three lines on the top of the screen to open the side menu.
2. Select "Deposit checks"
3. Select which accounts that you wish to enroll for mobile deposit and click enroll.
4. You will get a notice for the enrollment
5. The account will now show "Account approval pending"
6. Once the request is approved, you will receive an approval notification
7. The account will now show in "Enrolled"
8. You are now able to conduct mobile deposits for that account.

Existing Mobile Deposit User Adding a New Account

1. Launch the mobile app and select the three lines on the top of the screen to open the side menu.
2. Select "Deposit checks"
3. Select "Enroll another account"
4. Select which accounts that you wish to enroll for mobile deposit..
5. You will get a notice for the enrollment
6. The account will now show "Account approval pending"
7. Once the request is approved, you will receive an approval notification
8. The account will now show in "Enrolled"
9. You are now able to conduct mobile deposits for that account.

Please contact Foresight Bank customer service for assistance at 507-534-3131 or 507-289-9000.

• 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 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:
  • $34.95 Next Business Day 
  • $29.95 2nd Day Standard
  • $6.95 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.

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. 

You can visit the Foresight Bank ATM in Plainview, Rochester, or Eyota 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.

You can now call 1-800-290-7893 from your primary phone number and change your PIN at your convenience. The line supports English and Spanish language options. 

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.

A digital wallet is just as it sounds – it’s your wallet but in a digital format so you can make payments without having your Foresight Bank debit card with you physically. Digital wallets allow you to make a purchase in a store, in an app or even on a website with a participating merchant all with a compatible phone or wearable device. 

There is no fee for this service. It’s one more way that Foresight Bank gives you more value by banking with us.

Yes. Digital wallets utilize security features that are built into your device to protect your payment transactions. Additionally, you will be required to authenticate yourself before the transaction can be processed. Depending on your device type, the authentication step may be completed using your fingerprint, facial recognition, passcode or PIN. The digital wallet providers do not store or have access to your full account number as they are only provided a unique one-time passcode, known as a token, to provide to the merchant to complete the transaction. The last four digits of your card number is displayed on the card image within the wallet for the purpose of helping you manage your card(s).  

Yes. If you add your Foresight Bank debit card to a digital wallet, your physical card can still be used like it is today. 

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:

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).  

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.