Glossary

Account Mask Information

Editing criteria used to verify the accuracy of a payee's account number in certain electronic payment transactions.

Account Type

List of accounts available online. May include checking, savings, NOW, money market, and certificate of deposit (CD) accounts, credit cards, or loans.

Aggregators

Service bureaus that provide bill presentment and/or payment consolidation services.

Alert Method

Means of delivery for the alert message. Options include only Online Banking Message or Personal E-mail & Online Banking Message.

Alert Type

Short description of the conditions that cause an alert to be sent.

Alerts

Messages automatically sent to alert you when certain transactions have been processed, if a scheduled transaction unsuccessfully processes, when a specified balance has been reached, or when certificates of deposit (CDs) are maturing.

Amount

The amount to be paid for each bill.

ATM/Debit Card

A payment card issued to a cardholder that is used to withdraw cash or make purchases.

Authentication

The process that determines the identity of a party.

Authorization

An agreement between a receiver and originator that allows the originator to initiate debits and/or credits to a receiver's account.

Automatic Payments

Bill payments you want to repeat at regular intervals.

Available Balance (Deposit Accounts)

This amount reflects the day's starting balance in your account, plus any credits that have posted to your account throughout the day, minus any debits that have posted to your account throughout the day, minus any holds that may be placed on balances in or deposits made to your account. Please note, this amount does not reflect any merchant authorizations we may have approved.

Available Credit (Credit and Loan Accounts)

The amount of funds available to you for withdrawal. Available credit is equal to the credit limit minus the current balance.



Banking deposit and loan products and services are provided by BMO Harris Bank N.A., Member FDIC. M&I® is a trade name used by BMO Harris Bank N.A. and its affiliates. Copyright 2011, BMO Financial Corp., All Rights Reserved.