Common use of Check Transactions Clause in Contracts

Check Transactions. You may authorize a merchant or other payee to make a one-time electronic payment from your Share Draft /Checking Account using information from your share draft / check (“E-Check”) to: (a) pay for purchases; or (b) pay bills. o Transfers from your accounts through our Online Banking Personal Computer Account Access System o Transfers from your accounts through our TOPS Audio Response System • AUTOMATED TELLER MACHINE (ATM) Transactions: o If you have an ATM/Debit Card, along with a PIN, you can use it to make any or all of the following transactions at an Automated Teller Machine. • Deposits to your Share Draft / Checking or Regular Share accounts; • Cash withdrawals from your Share Draft / Checking or Regular Share accounts up to your authorized limit; • Transfers (non-cash) from your Share Draft / Checking to your Regular Share account or from your Regular Share Account to your Share Draft / Checking account (some networks may not allow all transaction types); • Balance inquiries on your Share Draft / Checking, Regular Share or loan accounts. • POINT OF SALE Transactions: o Your Card may be used to purchase goods or services from merchants who have arranged to accept an ATM Card or a MasterCard Debit Card as a means of payment. If you have a Debit Card, it may be used to purchase goods and services from any merchant displaying a MasterCard logo. These merchants are collectively referred to as "Participating Merchants" and will display a logo or other symbol that identifies them as a merchant who will accept your Card. Purchases made with your Card, including any purchases where you receive cash back, are referred to as "point of sale transactions" or "POS" transactions. A POS transaction will cause your Share Draft / Checking account to be debited for the amount of the purchase. Only Share Draft / Checking accounts may be used in connection with POS transactions performed with your Card.