E-Disclosure Statement

On our website, the statement asks for your consent so that we can provide communications and information to you electronically rather than in paper form. We will sometimes use the words "electronic records" as a short way to refer to the communications and information that we may provide electronically. Before you decide whether or not you wish to give your consent to receiving electronic records, you should read and consider the following information. Then, if you decide to consent, you can click the "I Agree" button at the bottom of the online acknowledgement. (For your consent to be effective, your computer and browser will need to meet the hardware and software requirements discussed below at "Are there any hardware or software requirements for me to access or retain the electronic records.")

The statement contains important information that we are required by law to provide to you. You should keep a copy for your records. For your convenience, this statement is written in a "Question and Answer" format. If you have any questions about electronic records that are not answered, feel free to communicate with us using any of the following "Contacts":

Send us an e-mail at info@bankofInternet.com;
Call us toll free at (877) 541-BOFI (2634); or
Write to us at:

Bank of Internet USA

Corporate Headquarters
12220 El Camino Real, Suite 220
San Diego, CA 92130

If you consent, you will receive electronic records that relate to our Online Banking Services. These will include the following types of documents:

1. Your Deposit Account Agreement and Disclosure.
   This Agreement contains the terms and conditions governing your deposit account. It also contains information that we are required to disclose to you under the following federal laws (and any implementing Federal Reserve Board or other Regulations):
   1. The Truth in Savings Act (and Regulation DD);
   2. The Electronic Funds Transfer Act (and Regulation E); and
   3. The Expedited Funds Availability Act (and Regulation CC).
   4. Privacy Policy.
2. Your monthly account statement.
   As part of the monthly account statement, you will receive information about your account, including disclosure information required under these same federal laws (and Regulations).
3. Other periodic or special notices (such as hold notices on availability of funds, or error resolution notices if you assert your rights under the federal consumer protection laws and regulations).

   These include special notices that federal laws and regulations from time to time might require us to provide to you.

4. Privacy notices and disclosures.
   These notices provide you with information about our privacy practices and policies.

No, not really. If you want to use our Online Banking Service, the Service was designed and built to provide records to you in electronic form. Put another way, the system is an electronic banking system and it does not have a paper-based alternative.

Yes, you can. If you request one, we can prepare a paper-based version of any of the electronic records you receive, for up to five years after the date it was created. If you want us to prepare a paper-based copy, you can request it by contacting us using one of the Contacts shown above.

If you request one, we will provide a paper-based copy of an electronic record. Please refer to the Schedule of Fees and Charges for any costs associated with this service.

You can change your mind, and withdraw your consent, at any time. We will then stop providing records to you electronically. To withdraw your consent, all you need to do is contact us using one of the Contacts described above.

However, remember that the Online Banking Service does not support paper-based communications. So the consequence to you, if you withdraw your consent to electronic records, is that your access to and your ability to use the Online Banking Service will end.

Yes, there are. You will need a computer with sufficient memory to store electronic records, and with a working connection to the Internet. You will need a minimum web-browser version of Internet Explorer 5.0, Netscape Navigator 6.0, equivalent (or higher version), with e-mail capability. Your browser will need to have a minimum of 128-bit encryption capabilities. You are responsible for configuring your system to accommodate these requirements. Finally, you will need a printer if you want to print copies of electronic records.

If we change the minimum hardware or software requirements needed to access or retain electronic records, and the change creates a material risk that you will not be able to access or retain a subsequent record, then before the change takes effect we will let you know about the change and let you know what the new requirements are.

We will notify you by e-mail, and at that time you will be allowed to choose whether you still want to give us your consent to receiving communications or information by electronic records. If not, you will be allowed to withdraw your consent at that time, without any fee or charge by us.

However, if you withdraw your consent, you may not be able to access the Online Banking Services without upgraded hardware or software. Then, your ability to use the Online Banking Service could also end (as described above, under "If I consent to electronic records now, and change my mind, what can I do and what are the consequences?").

Your "Deposit Account Agreement and Disclosure" and the "Privacy notices and disclosures" are available online and in the disclosure booklet.

Other "periodic or special notices" will be sent to you by e-mail, unless they contain confidential account information. If so, then these will be posted on our Website or mailed. If posted to our Website, we will send an e-mail to you letting you know that they can be accessed online.

Your monthly account statements contain confidential information, so they will be stored for you to access (print or review) at our Website, at www.bankofinternet.com. Monthly statements are posted to the Website every month. The monthly statement will be stored in the confidential Online Banking section on our Website, and will be available to you, for at least 180 days following the date it is first posted for you to access.

To access your monthly statements, you will need to Sign-in to the Online Banking section of the Bank’s Website.

You must provide us with your current e-mail address, and keep it current with us at all times. Otherwise, you may not receive electronic records in a timely manner.

If you download or print any confidential materials, such as your monthly statements, be sure that you store them in a secure environment, just as you would paper-based bank records.