Consumer Electronic Fund Transfer Act Disclosures Clause Samples
The Consumer Electronic Fund Transfer Act Disclosures clause requires financial institutions to provide consumers with clear information about electronic fund transfers (EFTs), such as ATM withdrawals, direct deposits, and online payments. These disclosures typically outline the consumer’s rights and responsibilities, fees, error resolution procedures, and limitations on liability in the event of unauthorized transactions. By mandating these disclosures, the clause ensures that consumers are fully informed about how their electronic transactions are handled, thereby promoting transparency and protecting consumers from potential misuse or misunderstandings regarding their accounts.
Consumer Electronic Fund Transfer Act Disclosures. This Section H applies to Consumer Electronic Fund Transfers governed by Regulation E.
Consumer Electronic Fund Transfer Act Disclosures relating to personal accounts, refer to Section G of the Bank’s Account Agreement and Disclosures, which can be accessed by visiting our Website at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇. You agree to access this website and/or mobile app in compliance with our BerkOnline® Online Banking Agreement. The Zelle platforms, such as the standalone Zelle mobile app and ▇▇▇▇▇▇▇.▇▇▇ site, are additional platforms owned and controlled by Zelle. The Zelle platforms are not a part of the Service, and the Service is not available on the Zelle platforms. By using the Zelle platforms, you will be required to agree to ▇▇▇▇▇'▇ terms and conditions. We hereby disclaim any and all liabilities, representations, and warranties with respect to the Zelle platforms. You may cancel the Service at any time by calling (▇▇▇) ▇▇▇-▇▇▇▇ or by notifying us in writing. Any cancellation will be effective only for transfer transactions that we receive after the cancellation is effective, which may take up to 3 Business Days. By canceling the Service, any pending, repeating, and future dated transfers, will also be terminated, however any transfer that is in process cannot be cancelled by you. When you cancel the Service, you will no longer be able to access or use the Service and you will not receive a refund of service fees, if any. When you cancel the Service, it will not cancel your other online services or your account relationships, if any, with us. Your obligations and liabilities in this Agreement will survive termination for any transfer transactions that we receive before the termination or cancellation is effective. We may terminate, suspend, or limit your access privileges to use of the Service, in whole or part, at any time for any reason, with or without cause, and without notice, including for reasons involving your use of the Service which we may deem to be illegal or potentially brand damaging, and when you no longer have an eligible account at the Bank. The obligations and liabilities of the parties incurred prior to the termination date shall survive the termination of this Agreement for all purposes. If your account is not in good standing, that account will not be eligible to be used in Zelle transfer transactions. We may determine other eligibility criteria in our sole discretion. We also reserve the right to terminate or suspend our participation in the Zelle network or with a particular financial institution at any time. EXCEPT AS OTHERWISE PROVIDED HEREIN, AND SUBJECT TO APPLICABLE LAW, ▇...
Consumer Electronic Fund Transfer Act Disclosures relating to personal accounts, refer to Section G of the Bank’s Account Agreement and Disclosures, which can be accessed by visiting our Website at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇.