The Dreaded Word Dormancy and What It Actually Means for You

Submitted by jordan.mcmahon on

Dormant Checking and Savings accounts are among one of the most common unclaimed property items in the State of Minnesota.  That being said, the staff at the First National Bank of Osakis want to make sure that we do our due diligence, so that your inactive account doesn’t become state owned property too.  Hence the reason we send those inactivity and dormancy letters out to our customers informing them there has been no activity on the account and giving them the option to reactivate.  Having a financial account go into a dormant or inactive state is nothing to feel ashamed

Image
dormant account

Bill Pay

Manage bills and payments electronically!

Save time, effort, and postage by using Bill Pay to pay businesses, organizations, or other people!  Whether you're using Online or Mobile Banking, you can pay bills in seconds!

To enroll, log in to Online Banking from your Laptop or Desktop computer, click on Bill Pay from the left menu and follow the enrollment instructions. (You will not be able to enroll from the Mobile App)

History

Since 1903, First National Bank of Osakis has served as the lead financial organization in the Osakis Area community, providing customized guidance, resources, and products (checking, savings, money markets, certificates of deposits, indi

Business Loans

Our lenders have knowledge of different financing options including: Economic Development Agencies and Corporations, Small Business Administration, and West Central Initiative. We will work hard to help you build a successful business plan that focuses on your business at any growth stage (start-up, growing, or mature).

Savings

Tuck those hard-earned dollars away... for a special occasion, a rainy day, or just because! Our Savings Accounts fit the bill and can be enhanced with our great technology!