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Consumer Protection

Protect Yourself from Fraud

Protecting our customers accounts’ and privacy is one of our highest priorities. Piggott State Bank will NEVER request personal information by phone, email, or text messaging, including account numbers, personal identification information, passwords, or any other confidential customer information.

If you believe you have received fraudulent communication from someone misrepresenting themselves as a Piggott State Bank employee, please give your local branch a call.

Customer Awareness & Education Program

Today’s electronic environment is ever changing, so it’s important to keep up with the latest information. Don’t let the lack of knowledge make you a victim to identity theft. Use the information below to help develop good habits that will protect you and your accounts from malicious activity.

We will also list any scams that could potentially affect our customers on this page, so please check back often if you have any concerns. You can always reach out to us if you are unsure of the legitimacy of a claim associated with our bank or your finances.

  • An Access ID and Password are required to access accounts through Online Banking.
  • If you log into your account from a different device, you must answer a personal security question to help verify your identity.
  • Authentication of Piggott State Bank’s website can be evidenced by the presence of a green bar in the URL address bar. This gives our customers visual confirmation that they are on a valid website.
  • Accounts are locked after 3 invalid logon attempts. Resetting your password is possible via telephone if your identity can be verified via security questions. If we are unable to verify your identity, you must come into the bank with proper ID to reset.
  • Piggott State Bank’s Online Banking will sign off automatically after 10 minutes of inactivity.
  • Piggott State Bank limits online banking transfers between your authorized accounts only.
  • Unused accounts are deleted after 180 days of inactivity.
  • Our website uses firewalls to protect our computer system and your information.

Online Banking is accessed through a Secure Socket Layer (or SSL), meaning all data transmitted to or from the bank’s computer systems is encrypted and your money and privacy are protected. Several firewalls exist to prevent unauthorized access to the system and ensure your information is accessible only with an Internet Banking ID and PIN.

In addition to the security features put in place by Piggott State Bank, you can help protect yourself by taking the following actions to stay safe and secure your information:

  • Be aware of suspicious emails asking for your personal information.
  • Never provide any personal information such as Social Security number, account number, usernames or passwords over the phone or the internet if you did not initiate the contact.
  • Do not use personal information as your username or passwords.
  • Create hard-to-guess passwords that include upper & lower case letters, numbers, and special characters.
  • Change your passwords frequently and don’t reuse the same passwords across accounts.
  • Always sign out or log off of your online banking sessions.
  • Avoid using public computers and Wi-Fi to access your online banking accounts.
  • Ensure your computer has the most recent anti-virus software and is being updated daily.
  • Ensure your computer or mobile devices have the latest software version.

In addition to the information provided regarding online banking security, commercial and small business account holders should institute additional measures in order to further protect their online banking information.

  • Perform your own annual internal risk assessment & evaluation on all online accounts.
  • Establish internal policies regarding employee internet usage.
  • Educate your employees on the risks.
  • Establish proper user account controls.
  • Review all transactions.
  • Ensure all company computers are equipped with up-to-date antivirus protection software and virus definitions are being updated daily.

The Bank uses the same security precautions for mobile and bill payment services as for online banking. The bank will never request your PIN or other sensitive information over the mobile channel. Usernames/userIDs, passwords, or personally identifiable information should not be stored on mobile devices, and mobile banking PINs are disguised with asterisks to prevent a fraudster from viewing the PIN. In addition, you may only log into mobile banking if you also have the correct online banking user name and the password that is sent via Short Message Service (SMS) each time you sign in. Carrier Message and Data rates may apply. You will have the option to opt out of the message program at any time. For help, text “HELP” to 99588. To cancel, text “STOP” to 99588.

Identity theft occurs when someone uses your personal information such as your Social Security Number, account number, or credit card number without your consent to commit fraud or other crimes. The following are tips to protect you against identity theft:

  • Report lost or stolen checks or credit/debit cards immediately.
  • Never give out your personal information.
  • Review statements promptly and carefully.
  • Shred all documents that contain confidential information (i.e. bank and credit card statements, bills and invoices that contain personal information, expired credit cards and pay-stubs.)
  • Check your credit report periodically.

Consumers can request one free copy of his or her credit report every year. Reviewing your credit report can help you find out if someone has opened unauthorized financial accounts, or taken out unauthorized loans, in your name.
Equifax: 1-800-685-1111
Experian: 1-888-397-3742
Transunion: 1-877-322-8228

Regulation E is a consumer protection law for accounts established primarily for personal, family, or household purposes. Regulation E gives consumers a way to notify their financial institution that an EFT has been made on their account without their permission.

Non-consumer accounts, such as corporations, partnerships, trusts, etc. are excluded from coverage. A non-consumer (business account) customer using internet banking and/or bill pay is not protected under Regulation E. As such, special consideration should be made by the business customer to ensure adequate internal security controls are in place that commensurate with the risk level that the customer is willing to accept.

As a non-consumer customer you should perform periodic assessments to evaluate the security and risk controls you have in place. The risk assessment should be used to determine the risk level associated with any internet activities you perform and any controls you have in place to mitigate these risks.

An EFT is the electronic exchange or transfer of money from one account to another, either within a single financial institution or across multiple institutions initiated through electronic-based systems. The term includes, but is not limited to:

  • Point-of-sale transfers
  • Automated Teller Machine transfers (ATM)
  • Direct deposits or withdrawal of funds
  • Transfers initiated by telephone
  • Transfers resulting from debit card transactions, whether or not initiated through an electronic terminal
  • Transfer initiated through internet banking/bill pay

If you believe an unauthorized EFT has been made on your account, contact us immediately. If you notify us within 2 business days after you learn of the loss or theft of your ATM/debit card or Personal Identification Number (PIN), the most you can lose is $50. Failure to notify the bank within 2 business days may result in additional losses.

Unlimited loss to a consumer account can occur if:

  • The periodic statement reflects an unauthorized transfer of money from your account, and you fail to report the unauthorized transfer to us within 60 days after we mailed your first statement on which the problem or error appeared.

The term EFT does not include:

  • Checks – Any transfer of funds originated by check, draft, or similar paper instrument or any payment made by check, draft, or similar paper instrument at an electronic terminal
  • Check Guarantee or Authorization – Any transfer of funds that guarantees payment or authorizes acceptance of a check, draft or similar paper instrument but does not directly result in a debit or credit to a consumer’s account
  • Wire or other similar transfers – Any transfer of funds through a wire transfer system that is used primarily for transfers between financial institutions or between businesses
  • Securities and Commodities Transfers – Any transfer of funds for the primary purpose of the purchase or sale of a security or commodity, if the security or commodity is:
    • Regulated by the Securities and Exchange Commission or the Commodity Futures Trading
    • Purchased or sold through a broker-dealer regulated by the Securities and Exchange Commission or through a futures commission merchant regulated by the Commodity Futures Trading Commission
    • Held in Book-entry form by a Federal Reserve Bank or federal agency
  • Automatic transfers by account-holding institution – Any transfer of funds under an agreement between a consumer and a financial institution which provides that the institution will initiate individual transfers without a specific request from the consumer:
    • Between a consumer’s accounts within the financial institution
    • From a consumer’s account to an account of a member of the consumer’s family held in the same financial institution
    • Between a consumer’s account and an account of the financial institution, except that these transfers remain subject to § 205.10(e) regarding compulsory use and sections 915 and 916 of the act regarding civil and criminal liability. (Refer to “Coverage in Detail ” section below.)
  • Telephone-initiated transfers – Any transfer of funds that:
    • Is initiated by a telephone communication between a consumer and financial institution making the transfer; and
    • Does not take place under a telephone bill payment or other written plan in which periodic or recurring transfers are contemplated.

For a complete detailed explanation of protections provided under Regulation E, please visit the Consumer Financial Protection Bureau ’s (CFPB ’s) website:

Managing your finances using a smartphone or tablet can be very convenient. However, you should consider these safety tips to protect your account information:

  • Be proactive in protecting your smartphone and/or tablet by installing anti-malware software on the device. Research any application (app) before you download it. Fraudulent apps are often designed with names that look like real apps. It’s best if you access an app using a link from the provider’s website.
  • Create a strong password or PIN for your mobile app and your device.
    • Use at least eight characters
    • Do not use your username, real name, or company name
    • Do not use a complete word
    • Make it significantly different from previous passwords
    • Use a character from each of the following categories (some apps may limit symbols)
      • Uppercase letters
      • Lowercase letters
      • Numbers
  • Use an auto-lock or time-out feature so your device will lock when it is left unused for a certain period of time.
  • Upgrade your device to the latest operating system version.
  • Do not jailbreak or root your mobile device. Doing so exposes the security controls and makes your device vulnerable to cyber-attacks.
  • Check your account history periodically to make sure there are no fraudulent transactions.
  • Take precautions in case your device is lost or stolen, before your device is lost or stolen. Avoid leaving your device unattended in public places.
  • Consult your wireless provider to see if they provide a service to remotely erase your device or turn off access to your device and/or account in the event your device is lost or stolen.
  • Always conduct your transactions in a safe environment. Use your cellular service or your own internet provider rather than unsecured/public Wi-Fi networks like those offered at coffee shops.
  • Don’t send account numbers or PIN in emails or text messages, because those methods are not necessarily secure

Please contact any of our branch locations directly or by call at (870) 598-3802 with any questions or concerns you may have. If you believe your online banking account has been compromised or you receive suspicious or fraudulent mail, email, or websites related to Piggott State Bank, please contact us immediately.

Remember: Piggott State Bank will never contact any customer and request electronic banking credentials. If you get a call asking for your credentials, hang up and call us!

FDIC Consumer Protection

Consumer Action: Complaints

US Department of Homeland Security

Protecting Your Business: Start With Security

NACHA Fraud Resources

Consumer Information: Wiring Money

Federal Communication Commission – Business Cyber-planner:

Consumer Information: Identity Theft

Federal Trade Commission: Identity Theft by Mobile Phone

Federal Trade Commission: Tips for Using Public WiFi Networks


From the Arkansas Bankers Association, a Nigerian crime ring is exploiting the COVID-19 crisis by committing large-scale fraud against state unemployment insurance programs. According to an alert issued by the Secret Service. Read the article at the link.


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Piggott State Bank 
212 W Cherry St. Piggott, AR 72454
(870) 598-3802  

Rector Location: 
400 S Main St. Rector, AR 72461

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