Electronic Fund Transfer Provisions for Consumer Accounts Sample Clauses

Electronic Fund Transfer Provisions for Consumer Accounts. Applicability. These provisions are only applicable to online electronic fund transfers that credit or debit a consumer's checking, savings or other asset account and are subject to the Federal Reserve Board's Regulation E (an "EFT"). When applicable, LAFCU may rely on any exceptions to these provisions that are contained in Regulation E. All terms that are not defined in this Agreement but which are defined in Regulation E shall have the same meaning when used in this section. This Section XII will not apply to business accounts.
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Electronic Fund Transfer Provisions for Consumer Accounts. Regulation E for Electronic Fund Transfer (EFT) provisions are only applicable to EFT transactions which credit or debit a consumer’s checking, savings or other asset account. EFT provisions only apply to an account established primarily for personal, family, or household purposes. All terms that are not defined in this Agreement but which are defined in the Bank’s Electronic Fund Transfers disclosure shall have the same meaning. Please refer to the Bank’s EFT disclosure regarding your rights and responsibilities as a consumer. eBanking Alerts We provide Automatic Alerts and Voluntary Account Alerts. Automatic Alerts are sent to you following important account activities or when certain changes are made online to your eBanking account, such as a change in your email address, telephone number, User ID or password. You do not need to activate these alerts. We automatically activate them for you. Voluntary Account Alerts must be activated by you. Voluntary Account Alerts allow you to choose alert messages for your accounts. Each alert has different options available, and you will be asked to select from among these options upon activation of your alerts service. Both Automatic Alerts and Voluntary Account Alerts are subject to the following: We may add new Automatic and Voluntary Account Alerts from time to time or cancel old alerts. We usually notify you when we cancel alerts but are not obligated to do so. Alerts will be sent to the email address you have provided. If your email address changes, you are responsible for informing us of that change. Changes to your email address will apply to all of your alerts. You understand and agree that your alerts may be delayed or prevented by a variety of factors. We do our best to provide alerts in a timely manner with accurate information. We neither guarantee the delivery nor the accuracy of the contents of any alert. You also agree that we shall not be liable for any delays, failure to deliver, or misdirected delivery of any alert; for any errors in the content of an alert; or for any actions taken or not taken by you or any third party in reliance of an alert. Because alerts are not encrypted, we will never include your Password or full account number. However, alerts may include your name and some information about your accounts. Depending upon which alerts you select, information such as your account balance may be included. Anyone with access to your email or text messages will be able to view the contents of ...
Electronic Fund Transfer Provisions for Consumer Accounts 

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