After May 6, 2016, MidWestOne (MWO) will stop processing automatic (ACH) transactions for Peoples State Bank (PSB). This means that automatic transactions that have not been changed to PSB’s routing number (073901929) will be rejected by MWO’s payment system and returned. Please review your current ACH items and contact your payment or deposit vendor to make sure the routing number has been changed to PSB (073901929).
Due to an increase in fraudulent debit card activity, PSB is blocking “signature based” transactions in the state of Texas.
A “signature based” debit transaction is when the debit card is used to pay for a product or service by signing the sales receipt as if it was used as a credit card instead of entering the personal identification (PIN) into a PIN pad.
Customers will still be able to complete PIN based transactions.
Please call the bank if you have any questions at 844-772-4692.
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