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2024 Computer Systems Upgrade


Pentucket Bank is committed to providing you with the best and most innovative banking products, with personalized service that comes from the heart. That’s why we’re upgrading our banking services through a significant computer systems upgrade. By investing in stronger technologies and operational efficiencies, we’re investing in better banking services for our customers.






"We are committed to offering our customers the most convenient and secure banking experience possible. Our investment in technology allows us to fulfill that commitment today and into the future."
Jon Dowst, CEO  |  Eric Leuteritz, President
 

Download our 2024 Computer Systems Upgrade Guide

Key dates: 
 
Friday, May 3 (end of business) -
Sunday, May 5, 2024:
Computer Systems Upgrade weekend
Friday, May 3 (end of business) -
Sunday, May 5, 2024:
Online Banking, Telephone Banking and our Mobile App will be unavailable
Saturday, May 4, 2024:
All Pentucket Bank Branches will be closed
April 22 - May 3, 2024:
All Pentucket Bank ATMs will experience an initial system change the week of April 22, 2024. From April 22 through end of business May 3, 2024, the ATMs will be available for customer use, but they will not accept deposits or PIN changes.
Friday, May 3 (end of business) - Monday, May 6, 2024 (start of business):
All Pentucket Bank ATMs will be unavailable during the upgrade weekend. During this time, you may use your debit cards at other ATMs outside of the Pentucket Bank network.

Who to contact with questions:
  • We will have extended Service
    Center Hours: 978-556-5414 or email  operationsmail@pentucketbank.com
    • Friday, May 3: 8 a.m. - 6 p.m.
    • Saturday, May 4: 8 a.m. - 12 p.m.
  • Branch staff will be able to assist you with questions leading up to the upgrade.








What to Expect
and When
See our most
up-to-date details and timeline of events

Account
Changes
Review changes to your accounts


Updated
Fee Schedule
Download the updated
fee schedule effective
May 6, 2024








ACCOUNT NUMBERS
All Pentucket Bank account numbers will remain the same. 
 
INTEREST: CHECKING, SAVINGS, MONEY MARKETS
  • Interest from May 1 through May 3, 2024, will be paid on May 3, 2024. Interest earned May 4 through May 31, 2024, will be paid on May 31, 2024.
  • We will be standardizing the interest calculation method for all savings, NOW, and money market accounts. The interest calculation will be daily compounding and interest will continue to be paid monthly. 
 
NEW LOOK
Deposit statements and loan billing statements will have a new, more contemporary look.

QUICKEN OR QUICKBOOKS USERS
Consumer and Business Online Banking Customers using Quicken and/or QuickBooks: Post upgrade, online account transaction history will be available with generic debit/credit descriptions. Be advised: Download/export your transactions to Quicken or QuickBooks prior to May 3, 2024. Your transactions details will remain available via the monthly account statements.
 
BEWARE OF FRAUD
Protecting our customers and your money is at the heart of our business. Unfortunately, our industry often sees an increase in attempted fraud activity around the time of computer systems upgrades. Please note, Pentucket Bank will never ask you for your account number, pin, or debit card number over the phone. We will always ask identifying questions prior to any discussion regarding your accounts or services at Pentucket Bank. If you are contacted by anyone claiming to be calling from Pentucket Bank with these questions, please call us at 978-556-5414.

Pentucket Bank is happy to offer Rewards Checking, a new checking product that allows our valued customers to earn a premium, above-market rate, when qualifying activities are met. Rewards Checking supports customer goals – whether it’s to save or spend with confidence – while providing you the tools to bank easily and efficiently. Enjoy mobile banking, free online bill pay, money management, eStatements, and fully insured deposits.


Customers may enroll in Rewards Checking beginning Monday, May 6.




Our goal is to provide everything you need. To that end, we’ve added additional features and benefits through Online Banking and Mobile App.

 

EXTERNAL LOAN PAYMENT

As part of our systems upgrade, we have added a self-service function to our online banking system to manage external loan payments. Customers may take advantage of this program by enrolling in Online Banking and downloading Mobile App (pentucketbank.com/mobile-app). Navigate to the More Menu and select Loan Payment. You will be prompted to set up your external account and to initiate two micro deposits to verify account ownership and accuracy of the information. Once that has been completed, you may set up your recurring monthly payment(s).

 

ONLINE MORTGAGE STATEMENTS

Customers will enjoy ease and convenience of online mortgage statements. Similar to eStatements, customers may access mortgage statements through Online Banking. Saving on paper, saving on time!

 

ONLINE TAX STATEMENTS

 

NEW! OVERDRAFT LINE OF CREDIT
Protect your account from a negative balance and any unwanted overdraft fees with Overdraft Line of Credit. Customers may enjoy a revolving credit line if approved. Application information will be available Monday, May 6 on pentucketbank.com. 


Our Business Banking customers will be supported by our Treasury Services team of specialists. Your online banking and mobile app will function as it does today. The program will be upgrading in the months to follow, and business online users will receive separate communication guiding them.
 
  • Treasury Services will be reaching out to set up individual appointments with those customers originating ACH transactions and processing wire transfers.
  • Customers with remote scanners will be contacted by Treasury prior to May 6, 2024, to get you moved.

WHY IS PENTUCKET BANK COMPLETING A COMPUTER SYSTEMS UPGRADE?
It’s part of an overall strategic initiative to continue to help our customers by offering you the most innovative banking products and services and maximizing service delivery.
 
WILL MY ACCOUNT NUMBER(S) STAY THE SAME?
Yes. Pentucket Bank account number(s) will not change and will remain the same for all products you have with us.
 
MAY I CONTINUE TO USE MY CURRENT PENTUCKET BANK CHECKS AND DEPOSIT SLIPS?
Yes. Your account information won't change, so your checks and deposit slips remain unchanged as well.
 
MAY I CONTINUE TO USE MY EXISTING DEBIT CARD?
Yes, you will not be issued a new card after the upgrade as your current card will continue to function as it always has. 
 
WILL THERE BE A PERIOD OF TIME I DO NOT HAVE ACCESS TO MY FUNDS DUE TO THE SYSTEMS UPGRADE ON MAY 4 AND MAY 5, 2024?
The funds in your account(s) will be available to you during the computer systems upgrade.

WILL MY CURRENT DIRECT DEPOSITS AND AUTOMATIC PAYMENTS BE AFFECTED?
Since your account number is not changing, all current direct deposits or automatic drafts will continue to be processed normally and without interruption. 
 
HOW DOES THE COMPUTER SYSTEMS UPGRADE AFFECT ONLINE BANKING AND BILL PAY?
Your online banking and bill pay will be unavailable on May 4 and 5, 2024. If you have pending bill pay transactions, they will be processed as expected. If you are currently enrolled in automatic payments from an external (non-Pentucket Bank) bank account, you will need to register and initiate our new External Loan Payment service before the systems upgrade beings on Friday, May 3. See the "What's New: Enhanced Features for Individuals" tab above for instructions on how to register.
 
WILL I NEED TO RE-ENTROLL IN ESTATEMENTS?
You will not need to re-enroll in eStatements. Your eStatements will not be interrupted during conversion. You will have access to 24 months of prior history. 
 
BE A PERIOD OF TIME I DO NOT HAVE ACCESS TO MY FUNDS DUE TO THE SYSTEMS UPGRADE ON MAY 4 AND MAY 5, 2024?
The funds in your account(s) will be available to you during the computer systems upgrade.

I'M CURRENTLY A RELATIONSHIP CHECKING CUSTOMER AND RECEIVED A LETTER ABOUT CHANGES TO MY ACCOUNT. WHAT DOES THIS MEAN?
All customers migrating from Relationship Checking to the new Premier Relationship Checking will be grandfathered with their current benefits, meaning no minimum balance requirements and no maintenance fees. Premier Relationship Checking is not an interest-bearing account, however, with this account, all new Certificates of Deposit (CD) opened after the systems upgrade will receive an interest rate bump over the published rate at the time of opening.
 
WHO SHOULD I CONTACT IF I HAVE QUESTIONS BEFORE, DURING, OR AFTER THE COMPUTER SYSTEMS UPGRADE?
Our Service Center will happily assist you with any questions you may have. Service Center hours are Monday - Thursday 8 a.m. - 5 p.m., Friday 8 a.m. - 6 p.m., and Saturday 8 a.m. - 12 p.m. by phone 978-556-5414, or by email at operationsmail@pentucketbank.com. The Service Center will have extended hours following the computer systems upgrade.