Business Banking Customers

We are excited to welcome you to the Bar Harbor Bank & Trust family.

At Bar Harbor Bank & Trust, we are committed to providing you the best service possible. The frequently asked questions below will answer many of your questions about your upcoming transition from People’s United Bank to Bar Harbor Bank & Trust.

You can also review the complete Guide to Your New Business Accounts to get more information and FAQs about the transition, product offerings, and more. A hard copy of this guide was also mailed to you in mid-September.

Download the guide



Frequently Asked Questions

What is the timing of the conversion?

We will be converting your People’s United Bank accounts to Bar Harbor Bank & Trust accounts over the weekend of October 25-27, 2019. During conversion weekend, your accounts will officially be transferred to Bar Harbor Bank & Trust. During this weekend:

    • Branches will close at 12:00 pm on Friday, October 25 and branches normally open on Saturday will be closed on October 26.
    • You should activate and start using your new Bar Harbor Bank & Trust debit or ATM card on Friday, October 25, 2019.
    • Bar Harbor Bank & Trust’s online, mobile, and telephone banking will be available at 8:00 am on Monday, October 28, 2019.

We apologize for any inconvenience you may experience during this weekend while we transfer your account. We encourage you to plan ahead by ensuring you have a secondary form of payment, such as cash or checks, available.



Will my account numbers and routing numbers change?

Your account number will not change, but your routing number will. Your new routing number is 011201759. To prevent future disruption to direct deposits and automatic payments, as of October 28, 2019 we encourage you to provide this new routing number to your direct deposit sources and to automatic payment recipients (such as utility or insurance companies).



What changes can I expect with Treasury Services?

If you are an existing People’s United Bank Treasury Services customer you will receive a separate communication regarding your services. Additionally, a local Bar Harbor Bank & Trust team member will reach out to you directly to discuss your services and next steps.



What will happen to my checks?

In the coming weeks, you will receive a separate mailing explaining how to order new checks. To ensure uninterrupted access, it is important to order your checks as soon as you receive the mailer. Once received, you can begin using your new checks on October 28, 2019. After October 28, 2019, you should destroy your People’s United Bank checks. If you’d prefer, you can bring them into your branch and the branch will assist you with destroying them.



What will happen to my transaction history?

Prior to conversion, we recommend that you download and store any historic data related to your People’s United Bank accounts that you may want to access after conversion. Some historic transaction history will be available in Bar Harbor Online in the weeks after conversion, but we always recommend you back up any data you may need as a precaution.



I have deposits at both People’s United Bank and Bar Harbor Bank & Trust, how does FDIC deposit coverage work?

For the six months immediately following conversion (October 28, 2019), any funds previously held at People’s United Bank will be separately insured from any accounts previously held at Bar Harbor Bank & Trust, ie. each portion of deposits will be insured for $250,000. After six months, you may qualify for more than $250,000 in coverage at one insured bank or savings association if you own deposit accounts in different ownership categories. The most common account ownership categories for individual and family deposits are single accounts, joint accounts, revocable trust accounts, and certain retirement accounts. Visit the FDIC’s Electronic Deposit Insurance Estimator (EDIE) for detailed information: https://edie.fdic.gov/



What business checking accounts does Bar Harbor Bank & Trust offer?

You can get more details and compare our business checking products by clicking here.



How do I access online banking after conversion?

Bar Harbor Business Online1 gives you secure access to bank when you want, where you want. Manage your banking right from your computer, smartphone, or tablet.

How to Log In to Bar Harbor Business Online for the First Time

  1. Go to www.barharbor.bank and look for the Online Services Login box at the top right corner of the homepage.
  2. For most users, enter your existing Online Banking ID/username. Note: Some users may be prompted to select a new username at first log in or may be assigned a new temporary username as we approach conversion weekend. Additional information on this process will be sent directly to affected customers.
  3. Your temporary password will be the last 4 digits of your Social Security Number or your Tax Identification Number.

For your security, you will also need to set up two-factor authentication by following this steps:

  1. Follow the 2-Factor Authentication prompts to use a code to verify your identity.
  2. Follow the prompts to change your temporary password.
  3. Read and accept the Terms and Conditions.

If you have any issues logging in, please call our Customer Service Center at 888-853-7100 for assistance.



How do I use Bar Harbor Mobile1 for the first time?

Follow the following steps:

  1. Follow the login instruction for Bar Harbor Business Online using the information above. You will need to update temporary password in Bar Harbor Online before you can log in to Bar Harbor Mobile. If you don’t have access to a computer, call us at 888-853-7100 for assistance.
  2. To download our mobile app, search for Bar Harbor Mobile on Google Play or in the Apple App Store.
  3. Open the app and log in using the same credentials you created for online banking. Note: Some will be asked to follow the 2-Factor Authentication prompts to register their device and/or create a mobile banking PIN.


Where can I make my Loan and Line of Credit payments?

After October 28, 2019, payments can be made at any Bar Harbor Bank & Trust location, online, or by mail to:

Bar Harbor Bank & Trust
PO Box 1089
Ellsworth, Maine 04605

Contact our Customer Service Center at 888-853-7100 to learn about other loan payment options.



Where should wire transfers be directed?

Incoming wires on or after October 28, 2019 should be directed to Bar Harbor Bank & Trust as follows:

  • Domestic: Provide Bar Harbor Bank & Trust’s routing number: 011201759, your account number, and account title.
  • International: Any foreign bank that utilizes the SWIFT system can wire funds directly to Bar Harbor Bank & Trust via PNC Bank without using an intermediary bank. To be sure the funds can be properly applied, it is important that the foreign bank include the following instructions with their payment:

    For further payment via Fed wire to: PNC Bank, NA
    Philadelphia, PA ABA #031000053 SWIFT #PNCCUS33
    Beneficiary: Bar Harbor Bank & Trust
    Beneficiary Acct: A/C #8616156827



What will happen to my direct deposits? Do I need to provide new account or routing numbers to my payment providers (ex. employer, social security, etc.)?

Account numbers will remain the same, but your routing number will change to Bar Harbor Bank & Trust’s. The new routing number will be 011201759. Please proactively alert organizations and companies that process your direct deposit. The effective date for this change is October 28, 2019.



Who should I contact with questions about my People’s United Bank accounts and services?

Prior to October 28, you can contact your local People’s United Bank location or People’s United Bank’s Customer Service Center at 800-894-0300 for assistance.



Will my checking and savings account type and/or features change?

Yes. After conversion your account will be converted into a Bar Harbor Bank & Trust checking or savings product with similar features and benefits. You will receive a letter via mail that shows what Bar Harbor Bank & Trust deposit product your account will be converted to.



I see another Bar Harbor Bank & Trust account that meets my needs better than the account that was selected for me. Can I change into that account?

Yes. You can easily change account types any time after October 28 by calling 888-853-7100 or visiting any Bar Harbor Bank & Trust branch.


Will my CD2 rate remain the same?

Existing CD rates will be honored. Upon maturity, CD rates may change.


Will the rate change on my loan?

No, your current loan rate and terms will be honored.


Deposits

Q: What about account terms and fees?
A. At conversion your account will be converted to a Bar Harbor Bank & Trust product with similar features and benefits. You will receive a letter that contains information on what your new products will be. The letter will be enclosed with the Welcome booklet and Account Agreement booklet and will contain details on account features, terms, and fees.

Q. Will my Interest Rates Remain the Same?
A. For Certificates of Deposits (CDs), Individual Retirement Accounts (IRAs), Lines of Credit, and Loans your interest rate will remain the same through your maturity date. For checking and savings products, your account will be converted into an account with similar benefits and features and your interest rate will change according to your new product. This new interest rate will be effective on October 26, 2019. For current rates, contact us at 888-853-7100.

Q. Will my Direct Deposits and/or Automatic Funds Transfers continue?
A. No. On October 28, 2019 you will need to re-establish direct deposit and automatic payments using Bar Harbor Bank & Trust’s routing number: 011201759. Your account number will remain the same.

Q. What will happen to my Remote Deposit Capture?
A. If you already use Remote Deposit Capture, your current agreement and fees will remain the same. We will reach out to you directly regarding next steps and equipment upgrades. Please note, you may experience some brief access interruptions during conversion.

Q. Will I still receive my eStatements?
A. If you previously used eStatements, you will automatically receive Bar Harbor Bank & Trust eStatements. eStatements will begin to populate within online banking going forward.

Q. Will I receive a new debit card?
A. Yes. Prior to conversion you will receive a new Bar Harbor Bank & Trust Debit Mastercard®. You can activate your new card as soon as you receive it. You can begin using your Bar Harbor Bank & Trust debit card on October 25, 2019. Activation instructions will be enclosed with the card. Additional timing details will be provided in a separate mailing.

Q. What do I need to do about recurring payments on my debit card?
A. If you have provided your current debit card number to a third party (such as suppliers or an insurance provider) to authorize deductions from your account, please notify the third party of your new Bar Harbor Bank & Trust debit card information on or after October 28, 2019.

Q. What will happen to my debit card limits?
A. If you previously had custom daily transactional limits, your custom limits will carry over to your new debit card. If you did not have custom limits, Bar Harbor Bank & Trust’s standard daily limits will apply. Details on our standard daily limits can be found in the debit card disclosure brochure that will be enclosed with your card when it arrives.

Q. Will there be any change to my statements?
A. In October, you may receive multiple statements as a result of conversion. Please review your statements carefully and contact Bar Harbor Bank & Trust with any questions. Some important details to note:

  • You may receive multiple bank statements in October. The first one will come from People’s United Bank and will encompass all your activity through October 25, 2019. The second statement will come from Bar Harbor Bank & Trust and will include your activity from October 26 through the end of your statement cycle.
  • Bar Harbor Bank & Trust will waive all service charges on your initial statement as it will be a short statement cycle.
  • For future statements, your statement date may change. Your November statement will arrive according to your new statement cycle. To change the timing of your future statements, contact our Customer Service Center.
  • You will receive multiple year-end tax documents, one from People’s United Bank and one from Bar Harbor Bank & Trust.
  • If you previously used eStatements, you will automatically receive Bar Harbor Bank & Trust eStatements. eStatements will begin to populate within online banking going forward, but prior months’ eStatements will not be available until a later date. You may be asked to accept Bar Harbor Bank & Trust’s terms and conditions prior to your re-enrollment in eStatements.
  • Going forward, eStatement history will be available to you after you log in to Bar Harbor Business Online.

Q. Will there be changes to my deposit statement?
A. You will receive a final statement from People’s United Bank. When your account converts to Bar Harbor Bank & Trust you will start receiving monthly statements from Bar Harbor Bank & Trust.

Q. Will my Overdraft Protection Service still apply to my checking account? Will my ATM and everyday debit card transactions be paid?
A. Yes. If you currently have overdraft protection at People’s United Bank you will continue to have that service at Bar Harbor Bank & Trust. Please see the Account Agreement for details and limits. If you opted in to have ATM and debit transactions paid at People’s United Bank they will continue to be paid at Bar Harbor Bank & Trust.

Q. If I write a check in October using a People’s United Bank check, will it still clear once we become Bar Harbor Bank & Trust?
A. Yes. People’s United Bank checks will continue to clear after conversion for several weeks. A definitive timeframe for how long checks will continue to clear will be provided closer to conversion.

Q. Will the date of my scheduled automatic transfers change?
A. Transfer dates may change slightly for automatic transfers that you have set up between your accounts. Contact us for more information.

Lending

Q. Will I receive a new business credit card?
A. Additional details about credit cards and credit card service will be sent to you in a separate mailing.

Q. What will happen to my automatic loan payments?
A. If you have an automatic payment to your Loan coming from a People’s United Bank deposit account that will be transferring to Bar Harbor Bank & Trust, your automatic payment should carry over through conversion and no action is required. If you had an automatic payment to your loan coming from a deposit account that is not transferring to Bar Harbor Bank & Trust (such as an account at another bank), you will need to contact your payment provider to provide Bar Harbor Bank & Trust’s new routing number: 011201759.

Online Access

Q. Will I have access to online and mobile banking during conversion weekend?
A. During the weekend of conversion you will not have access to online or mobile banking. Beginning on or after October 28 you can log in to Bar Harbor Online to use online banking and download and log in to Bar Harbor Mobile to use mobile banking.

Q. When can I begin making mobile deposits3?
A. Small business customers can begin making mobile deposits through the Bar Harbor Mobile banking app beginning at 8:00 am on October 28, 2019. Volume, limits, and restrictions may apply. Simply log in to Bar Harbor Mobile, click deposit check, and follow the prompts to get started. More information will be provided in a future mailing.

Q. Will I continue to receive text and balance alerts to my phone or email address?
A. Alerts will need to be re-established in Bar Harbor Online on or after October 28, 2019.

Q. What do I need to do to continue using QuickBooks?
A. If you use Quicken or QuickBooks you will need to unselect People’s United Bank prior to conversion and reselect Bar Harbor Bank & Trust after October 28, 2019. Contact QuickBooks customer service for additional instructions.

Q. What will happen to tokens?
A. If you currently use tokens, we will reach out to you directly to discuss next steps.

Q. Will I have to re-enroll to use online and mobile banking?
A. After conversion, you will need to log in to Bar Harbor Online to use online banking and download and log in to Bar Harbor Mobile to use mobile banking. Instructions can be found in the main FAQs above. We will send an additional reminder and more detailed instructions in the coming weeks.

Q. How will mobile deposit be impacted?
A. The deadline for making your last mobile deposit at People’s United Bank will be provided in a future mailing. On or after October 28, qualified users can simply log in to Bar Harbor Mobile (see page 8 for instructions), click deposit check, and follow the prompts to get started.

General

Q. Why am I receiving multiple copies of the same mailing?
A. In an effort to better serve you, if there are multiple primary account holders within one organization, multiple mailings may be sent. Please note that this is not a mistake – this will occur as we work to ensure that all customers receive appropriate information. Please review each mailing carefully.

Q. When can I begin to use all Bar Harbor Bank & Trust locations and services?
A. On Monday, October 28, 2019 you can begin using all Bar Harbor Bank & Trust locations and services. This includes all People’s United Bank locations that have converted to Bar Harbor Bank & Trust, as well as our additional locations in Maine, New Hampshire, and Vermont and our ATM network. Please note that in the days before and after conversion you may experience some disruptions to ATM access due to equipment upgrades.

Q. What will happen to my safe deposit box?
A. If you currently have a safe deposit box, your box number will remain the same and your current key will continue to work. You will receive your annual renewal notification from Bar Harbor Bank & Trust, and if your fee is impacted the fee change will be included in this notice. Safe Deposit Box fees can be found in the Account Agreement booklet.

Q. Will the eight branches impacted be open during the conversion weekend?
A. No. The eight branches will close at 12:00 pm on Friday, October 25 and branches normally open on Saturday will be closed on October 26. All branches will open as Bar Harbor Bank & Trust branches at their normal time on October 28.

Q. Will I still be able to bank at my current branch?
A. Yes, starting on October 28 you will be able to access your accounts at any of the eight branches or any other Bar Harbor Bank & Trust branch.

Q. Will the branch staff be the same?
A. Yes, You can still expect to work with the same friendly bankers at all People’s United Bank branches when they become Bar Harbor Bank & Trust branches.

Q. Will branch hours change?
A. No, branch hours will not change.

Q. Where will I do my banking in the future?
A. After conversion, customers will have access to more than 50 Bar Harbor Bank & Trust branches across Maine, New Hampshire, and Vermont, as well as Bar Harbor Bank & Trust ATMs, Bar Harbor Mobile, Bar Harbor Business Online, telephone banking, and our Customer Service Center. To learn more about our locations and these services, visit www.barharbor.bank/about-us/atm-branch-locator.

Q. I use Merchant Services, how will I be impacted?
A. Merchant Services will not be impacted. Your Merchant processing account will remain at People’s United Bank.

Q. Will any branches have instant issue debit cards?
A. Yes. All branches will have instant issue capabilities after conversion.


Resource Center


1Internet service provider fees and/or mobile carrier fees for messaging and data plans may apply. For full details about Bar Harbor Online and Bar Harbor Mobile, view the Online Banking Agreement & Disclosure found at www.barharbor.bank.
2Bank Deposits such as CDs and IRA CDs are insured by the FDIC up to the applicable limits.
3Customers are considered eligible to use mobile deposit after enrolling in Online Banking and Mobile Banking and enrolling in mobile deposit. Once enrolled in mobile deposit, there may be a waiting period prior to mobile deposit being enabled within the mobile banking app. For full details about Bar Harbor Online and Bar Harbor Mobile, view the Online Banking Agreement & Disclosure found at www.barharbor.bank.

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