Electronic Banking Disclosure. This disclosure statement covers your rights and responsibilities with regard to “electronic fund transfers” as defined by Regulation E of the Consumer Financial Protection Bureau. “Electronic fund transfers” include Automated Teller Machine (ATM) withdrawals and transfers, Debit Card transactions, direct deposits of Social Security payments, electronic fund transfers resulting from you providing merchants with information obtained from checks or preauthorized debits to your account to pay recurring charges. The term “electronic fund transfers” does not include, and therefore, this disclosure statement does not cover:
a. Debits which the Bank is authorized to make from your account for service charges and other fees,
b. Preauthorized transfers that you have instructed the Bank to make to another of your accounts (or a family member’s) at the Bank,
c. Loan payments to the Bank, or Wire Transfers and ACH Transfers, which are covered in the “Fund Transfers” section of this Agreement.
Electronic Banking Disclosure. Account Access Online or Mobile Banking is an internet-enabled service provided to our customers. By using Online or Mobile Banking with your personal Password and Logon Name, you are able to: Make account inquiries Check account balances Transfer funds between your checking, savings and money market account Access your current account history and E-Statements Check loan balances Make payments to your loan from your account at 1st Bank Yuma Download account history into personal financial management software Available services may be added or cancelled at any time. We will update this Agreement to notify you of the existence of new services. By using these services when they become available, you agree to be bound by the rules contained in this Agreement. You can use Online or Mobile Banking seven days a week, 24 hours a day. However, from time to time some or all of Online or Mobile Banking services may not be accessible due to system maintenance. Limitations on Fund Transfers From Money Market and Savings Accounts Pursuant to federal regulations, you are limited to the number of certain transactions you can make on your Savings and/or Money Market Accounts. For Savings Accounts you may make no more than six (6) transfers to another account or to a third party by pre-authorized, online transfers, automatic transfers, telephone transfers, fax requests, voice response requests, and ACH (Automatic Clearing House - electronic transactions) per month. For Money Market Accounts, you may make no more than six (6) transfers to another account or to a third party by pre-authorized, online transfers, automatic transfers, point of sale (POS), telephone, fax requests, voice response requests, and ACH, per statement cycle. Online transfers are transactions between accounts initiated through Online or Mobile Banking. Telephone transfers are transfers between accounts initiated by a personal telephone call. Preauthorized withdrawals are transfers made according to a specific agreement between a customer and us or another party (i.e. insurance premiums, health club dues, etc.). Check access refers to any checks you write on your Money Market Account.
