Who we are
Sky International Private Bank is used as a marketing name for banking, trust, custody, brokerage, and advisory services that may be provided by one or more affiliated institutions (“we,” “us,” “our”). The specific legal entity that holds your deposit account or provides a product is identified on your periodic statements, agreements, and tax forms. Deposits at an insured depository institution may be eligible for FDIC insurance as described below. Investment, insurance, and non-deposit products are not FDIC insured, are not bank obligations, and may lose value.
FDIC deposit insurance
Deposits held in eligible accounts at an FDIC-insured bank are insured up to at least $250,000 per depositor, per insured bank, for each account ownership category, in accordance with FDIC rules. Coverage depends on titling and beneficiary designations. For insurance category examples and the FDIC’s Electronic Deposit Insurance Estimator (EDIE), visit fdic.gov.
Electronic communications & records
By using online or mobile banking, electronic statements, e-signatures, or by providing an email address or mobile number, you consent to receive certain communications electronically where permitted by law, including agreements, notices, disclosures, and amendments, subject to the federal E-SIGN Act and our electronic delivery terms. You may withdraw consent to electronic delivery where other channels remain available; some products may not be offered without electronic acceptance. Keep your contact information current to avoid missing time-sensitive notices (e.g., claims deadlines, rate changes).
Funds availability (Regulation CC)
Our Funds Availability Policy explains when you can withdraw funds after you make a deposit. Cash, wire transfers, and certain government checks may be available sooner than other items. Holds may be placed for collection risk, large deposits, redeposited checks, or reasonable cause to doubt collectibility. A disclosure describing your specific availability schedule is provided at account opening and upon request.
Electronic fund transfers (Regulation E)
When you use online banking, mobile banking, bill pay, external transfers, or card-based access linked to a consumer account, federal Regulation E provides rights and error-resolution procedures. In general:
- Unauthorized transfers: Notify us promptly if you believe your credentials are compromised or a transfer is unauthorized. Liability limits depend on how quickly you tell us and whether you shared credentials or were negligent under the regulation.
- Periodic statements: Review statements and alerts and report discrepancies within the timeframe stated in your agreement (typically 60 days for consumer accounts for many errors).
- Preauthorized transfers: Stop-payment rights and advance notice rules apply to certain recurring EFTs as described in your EFT disclosure.
Substitute checks & Check 21
Under the Check Clearing for the 21st Century Act (Check 21), we may process substitute checks or electronic check images. If you receive a substitute check and believe it was charged incorrectly, you may assert a claim for expedited recredit in the manner and timeframes described in your substitute check disclosure.
Overdrafts & fees
Overdraft and returned-item practices vary by account type. If you opt in to certain debit card and ATM overdraft services where required by regulation, we may pay transactions that overdraw available funds and assess fees in line with your Fee Schedule and Overdraft Services disclosure. Overdraft payment is discretionary unless otherwise required by law or contract. Repeated overdrafts may result in restriction or closure.
Credit reporting
If you apply for credit, we may obtain consumer reports and use information in accordance with the Fair Credit Reporting Act. Adverse action notices are provided when required. For fraud and identity theft, you may place fraud alerts or security freezes with nationwide consumer reporting agencies as described at consumerfinance.gov.
BSA, USA PATRIOT Act & customer identification
Federal law requires financial institutions to obtain, verify, and record information that identifies each person who opens an account, including beneficial owners of legal entities under applicable rules. We may refuse account opening or transactions that cannot be verified or that present sanctions, AML, or fraud concerns. We may file reports required by the Bank Secrecy Act and related regulations.
Changes to disclosures
We may update these disclosures and linked policies to reflect law changes, product changes, or operational updates. Material changes will be communicated as required by law (e.g., posting, mail, secure message, or email where permitted). Continued use of a service after effective notice may constitute acceptance where allowed by agreement.
Contact
Questions about disclosures may be directed to Private Client Service at +1 (317) 552-0423 (Mon–Fri, 8:00 a.m.–8:00 p.m. ET) or support@skyinternationalprivate.com, or through secure messaging after you enroll in online banking.
Related: Privacy notice · Online banking agreement · Terms of use