Common use of Electronic Fund Transfers Initiated By Third Parties Clause in Contracts

Electronic Fund Transfers Initiated By Third Parties. You may authorize a third party to initiate electronic fund transfers between your account and the third party’s account. These transfers to make or receive payment may be one-time occurrences or may recur as directed by you. These transfers may use the Automated Clearing House (ACH) or other payments network. Your authorization to the third party to make these transfers can occur in a number of ways. For example, your authorization to convert a check or draft to an electronic fund transfer or to electronically pay a returned check or draft charge can occur when a merchant provides you with notice and you go forward with the transaction (typically, at the point of purchase, a merchant will post a sign and print the notice on a receipt). In all cases, these third party transfers will require you to provide the third party with your account number and credit union information. This information can be found on your check or draft as well as on a deposit or withdrawal slip. Thus, you should only provide your credit union and account information (whether over the phone, the Internet, or via some other method) to trusted third parties whom you have authorized to initiate these electronic fund transfers. Examples of these transfers include, but are not limited to: • Preauthorized credits. You may make arrangements for certain direct deposits to be accepted into your checking or savings account(s). • Preauthorized payments. You may make arrangements to pay certain recurring bills from your checking or savings account(s). • Electronic check or draft conversion. You may authorize a merchant or other payee to make a one-time electronic payment from your checking or share draft account using information from your check or draft to pay for purchases or pay bills. • Electronic returned check or draft charge. You may authorize a merchant or other payee to initiate an electronic funds transfer to collect a charge in the event a check or draft is returned for insufficient funds. Direct Touch Banking Telephone Transfers - types of transfers - You may access your account by telephone 24 hours a day at (000) 000-0000 and Toll Free (866) 913- 3733 using your personal identification number, a touch tone phone, and Base account number, to: • transfer funds from checking to savings • transfer funds from savings to checking • transfer funds from savings to savings • make payments from checking to loan accounts with us • make payments from savings to loan accounts with us • get information about: - the account balance of checking accounts - the last five transactions to checking accounts - the account balance of savings accounts - the last five transactions to savings accounts

Appears in 5 contracts

Samples: Terms and Conditions, Terms and Conditions of Your Account, Terms and Conditions

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Electronic Fund Transfers Initiated By Third Parties. You may authorize a third party to initiate electronic fund transfers between your Your account and the third party’s account. These transfers transfers, to make or receive payment payment, may be one-time occurrences or may recur as directed by youYou. These transfers may use the Automated Clearing House (ACH) or other payments network. Your authorization to the third party to make these transfers can occur in a number of ways. For example, your Your authorization to convert a check or draft to an electronic fund transfer or to electronically pay a returned check or draft charge can occur when a merchant provides you You with notice and you You go forward with the transaction (typically, at the point of purchase, a merchant will post a sign and print the notice on a receipt). In all cases, these third party transfers will require you You to provide the third party with your Your account number and credit union Credit Union information. This information can be found on your Your check or draft as well as on a deposit or withdrawal slip. Thus, you You should only provide your credit union Your Credit Union and account information (whether over the phone, the Internet, or via some other method) to trusted third parties whom you You have authorized to initiate these electronic fund funds transfers. Examples of these transfers include, but are not limited to: • Preauthorized credits. Preauthorize Credits - You may make arrangements for certain direct deposits to be accepted into your checking Your share draft or share savings account(s). Preauthorized payments. Payments - You may make arrangements to pay certain recurring bills from your checking Your share draft or share savings account(s). Electronic check Check or draft conversion. Draft Conversion - You may authorize a merchant or other payee to make a one-time electronic payment from your Your checking or share draft account using information from your Your check or draft to pay for purchases or pay bills. Electronic returned check Returned Check or draft charge. Draft Charge - You may authorize a merchant or other payee to initiate an electronic funds transfer to collect a charge in the event a check or draft is returned for insufficient funds. Direct Touch Banking Telephone Transfers - types of transfers - You may access your account by telephone 24 hours a day at (000) 000-0000 and Toll Free (866) 913- 3733 using your personal identification number, a touch tone phone, and Base account number, to: • transfer funds from checking to savings • transfer funds from savings to checking • transfer funds from savings to savings • make payments from checking to loan accounts with us • make payments from savings to loan accounts with us • get information about: - the account balance of checking accounts - the last five transactions to checking accounts - the account balance of savings accounts - the last five transactions to savings accounts.

Appears in 3 contracts

Samples: Agreements and Disclosures, Agreements and Disclosures, Agreements and Disclosures

Electronic Fund Transfers Initiated By Third Parties. You may authorize a third party to initiate electronic fund transfers between your account and the third party’s account. These transfers to make or receive payment may be one-time occurrences or may recur as directed by you. These transfers may use the Automated Clearing House (ACH) or other payments network. Your authorization to the third party to make these transfers can occur in a number of ways. For example, your authorization to convert a check or draft to an electronic fund transfer or to electronically pay a returned check or draft charge can occur when a merchant provides you with notice and you go forward with the transaction (typically, at the point of purchase, a merchant will post a sign and print the notice on a receipt). In all cases, these third party transfers will require you to provide the third party with your account number and credit union information. This information can be found on your check or draft as well as on a deposit or withdrawal slip. Thus, you should only provide your credit union and account information (whether over the phone, the Internet, or via some other method) to trusted third parties whom you have authorized to initiate these electronic fund transfers. Examples of these transfers include, but are not limited to: • Preauthorized credits. You may make arrangements for certain direct deposits to (such as U.S. Treasury (Social Security) or some employers (payroll))to be accepted into your checking share draft or savings share account(s). • Preauthorized payments. You may make arrangements to pay certain recurring bills from your checking share draft or savings share account(s). • Electronic check or draft conversion. You may authorize a merchant or other payee to make a one-time electronic payment from your checking or share draft account using information from your check or draft to pay for purchases or pay bills. • Electronic returned check or draft charge. You may authorize a merchant or other payee to initiate an electronic funds transfer to collect a charge in the event a check or draft is returned for insufficient funds. Direct Touch Banking Telephone Transfers - types of transfers - You may access your account by telephone 24 hours a day at (000) 000-0000 and Toll Free (866) 913- 3733 using your personal identification number, a touch tone phone, and Base account number, to: • transfer funds from checking to savings • transfer funds from savings to checking • transfer funds from savings to savings • make payments from checking to loan accounts with us • make payments from savings to loan accounts with us • get information about: - the account balance of checking accounts - the last five transactions to checking accounts - the account balance of savings accounts - the last five transactions to savings accounts.

Appears in 2 contracts

Samples: Terms and Conditions, Terms and Conditions

Electronic Fund Transfers Initiated By Third Parties. You may authorize a third party to initiate electronic fund transfers between your account and the third party’s account. These transfers to make or receive payment may be one-time occurrences or may recur as directed by you. These transfers may use the Automated Clearing House (ACH) or other payments network. Your authorization to the third party to make these transfers can occur in a number of ways. For example, your authorization to convert a check or draft to an electronic fund transfer or to electronically pay a returned check or draft charge can occur when a merchant provides you with notice and you go forward with the transaction (typically, at the point of purchase, a merchant will post a sign and print the notice on a receipt). In all cases, these third party transfers will require you to provide the third party with your account number and credit union information. This information can be found on your check or draft as well as on a deposit or withdrawal slip. Thus, you should only provide your credit union and account information (whether over the phone, the Internet, or via some other method) to trusted third parties whom you have authorized to initiate these electronic fund transfers. Examples of these transfers include, but are not limited to: • Preauthorized credits. You may make arrangements for certain direct deposits to be accepted into your checking or savings account(s). • Preauthorized payments. You may make arrangements to pay certain recurring bills from your checking or savings account(s). • Electronic check or draft conversion. You may authorize a merchant or other payee to make a one-time electronic payment from your checking or share draft account using information from your check or draft to pay for purchases or pay bills. • Electronic returned check or draft charge. You may authorize a merchant or other payee to initiate an electronic funds transfer to collect a charge in the event a check or draft is returned for insufficient funds. Direct Touch Banking Access 24 Telephone Transfers - types of transfers - You may access your account by telephone 24 hours a day at (000) 000-0000 and Toll Free (866) 913- 3733 or toll-free 888-729- 6728 using your personal identification numbersecurity code, a touch tone phone, and Base your account numbernumbers, to: • transfer funds from checking to checking or savings • transfer funds from savings to checking or savings • transfer funds from savings line of credit to checking or savings • make payments from checking to loan accounts with us • make payments from or savings to loan accounts with us • get information about: - the account balance of checking or savings accounts - the last five transactions two deposits to checking or savings accounts - the last two withdrawals from checking or savings accounts Your Option to Limit Cash Withdrawals - In addition to dollar amount limitations for withdrawals using your ATM card or Mastercard® Debit Card and/or code that we may establish, you have the option to limit the amount of cash that can be withdrawn by your ATM card or Mastercard Debit Card and/or code to ATM Transfers - types of transfers and dollar limitations - You may access your account(s) by ATM using your ATM card and personal identification number or your Mastercard Debit Card and personal identification number, to: • make deposits to your checking or savings account(s) • get cash withdrawals from checking or savings account(s) (see “Your Ability to Withdraw Funds”) - you may withdraw no more than $1,005.00 per day ($205.00 when off-line) in combination with point-of-sale • transfer funds from savings to checking account(s) • transfer funds from checking to savings account(s) • get information about: - the account balance of your checking or savings accounts Some of these services may not be available at all terminals. Types of ATM Card Point-of-Sale Transactions - You may access your checking account(s) to purchase goods (in person), pay for services (in person), and get cash from a merchant, if the last five merchant permits, or from a participating financial institution. Point-of-Sale Transactions - dollar limitations - Using your ATM card: • you may not exceed $375.00 in transactions per day ($100.00 when off-line) in combination with ATM transactions Types of Mastercard Debit Card Point-of-Sale Transactions - You may access your checking account(s) to savings accountspurchase goods (in person, online, or by phone), pay for services (in person, online, or by phone), get cash from a merchant, if the merchant permits, or from a participating financial institution, and do anything that a participating merchant will accept. Point-of-Sale Transactions - dollar limitations - Using your card: • you may not exceed $4,000.00 (or lower, depending on your individual no-bounce limit) in transactions per day ($375.00 cash advance at participating financial institutions when online or $100.00 when off-line) in combination with ATM transactions Currency Conversion and Cross-Border Transaction Fees. If you initiate a transaction with your Mastercard Debit Card in a currency other than US Dollars, Mastercard will convert the charge into a US Dollar amount. The Mastercard currency conversion procedure is based on rates observed in the wholesale market or, where applicable, on government-mandated rates. The currency conversion rate Mastercard generally uses is the rate for the applicable currency that is in effect on the day the transaction occurred. However, in limited situations, particularly where Mastercard transaction processing is being delayed, Mastercard may instead use the rate for the applicable currency in effect on the day the transaction is processed.

Appears in 1 contract

Samples: Account Agreements

Electronic Fund Transfers Initiated By Third Parties. You may authorize a third party to initiate electronic fund transfers between your account and the third party’s account. These transfers to make or receive payment may be one-time occurrences or may recur as directed by you. These transfers may use the Automated Clearing House (ACH) or other payments network. Your authorization to the third party to make these transfers can occur in a number of ways. For example, your authorization to convert a check or draft to an electronic fund transfer or to electronically pay a returned check or draft charge can occur when a merchant provides you with notice and you go forward with the transaction (typically, at the point of purchase, a merchant will post a sign and print the notice on a receipt). In all cases, these third party transfers will require you to provide the third party with your account number and credit union information. This information can be found on your check or draft as well as on a deposit or withdrawal slip. Thus, you should only provide your credit union and account information (whether over the phone, the Internet, or via some other method) to trusted third parties whom you have authorized to initiate these electronic fund transfers. Examples of these transfers include, but are not limited to: • Preauthorized credits. You may make arrangements for certain direct deposits to be accepted into your checking or share savings account(s). • Preauthorized payments. You may make arrangements to pay certain recurring bills from your checking or share savings account(s). • Electronic check or draft conversion. You may authorize a merchant or other payee to make a one-time electronic payment from your checking or share draft account using information from your check or draft to pay for purchases or pay bills. • Electronic returned check or draft charge. You may authorize a merchant or other payee to initiate an electronic funds transfer to collect a charge in the event a check or draft is returned for insufficient funds. Direct Touch Banking Telephone Transfers - types of transfers - You may access your account by telephone 24 hours a day at (000) -000-0000 and Toll Free (866) 913- 3733 or 000-000-0000 using your personal identification number, a touch tone phone, and Base your account numbernumbers, to: • transfer funds from checking to share savings • transfer funds from share savings to checking • transfer funds from share savings to share savings • make payments from checking to loan accounts with us • make payments from share savings to loan accounts with us • get information about: - the account balance of checking accounts - the last five current statement cycles transactions (not to checking accounts exceed 30) - the account balance of share savings accounts - the last five current statement cycles transactions (not to exceed 30) ATM Transfers - types of transfers and dollar limitations - You may access your account(s) by ATM using your Bridge or HSA Debit Card and personal identification number, to: • make deposits to checking or share savings accountsaccount(s) with a debit card • get cash withdrawals from checking or share savings account(s) with a debit card - you may withdraw no more than $500.00 per business day in combination with point-of-sale transactions • transfer funds from share savings to checking account(s) with a debit card • transfer funds from checking to share savings account(s) with a debit card • get information about: - the account balance of your checking account(s) - the account balance of your share savings accounts Some of these services may not be available at all terminals. Types of Bridge or HSA Debit Card Point-of-Sale Transactions - You may access your checking or HSA account(s) to purchase goods (in person, online, or by phone), pay for services (in person, online, or by phone), get cash from a merchant, if the merchant permits, or from a participating financial institution, and do anything that a participating merchant will accept. Point-of-Sale Transactions - dollar limitations - Using your card: • you may not exceed $1,500.00 in transactions per day Currency Conversion. If you effect a transaction with your Bridge or HSA Debit Card in a currency other than US Dollars, Mastercard® will convert the charge into a US Dollar amount. The Mastercard currency conversion procedure includes use of either a government-mandated exchange rate, or a wholesale exchange rate selected by Mastercard. The exchange rate Mastercard uses will be a rate in effect on the day the transaction is processed. This rate may differ from the rate in effect on the date of purchase or the date the transaction was posted to your account. Advisory Against Illegal Use. You agree not to use your card(s) for illegal gambling or other illegal purpose. Display of a payment card logo by, for example, an online merchant does not necessarily mean that transactions are lawful in all jurisdictions in which the cardholder may be located. • make deposits (if qualified) • transfer funds from checking to share savings • transfer funds from share savings to checking • transfer funds to another member number’s account preauthorized with us • make payments from checking to loan account(s) with us • make payments from share savings to loan account(s) with us • make Bill Pay payments from checking accounts to third parties • get information about: - the account balance of checking account(s) - the account balance of share savings account(s) • transfer funds from checking to share savings • transfer funds from share savings to checking • transfer funds to another member number’s account preauthorized with us • make payments from checking to loan account(s) with us • make payments from share savings to loan account(s) with us • make Bill Pay payments from checking accounts to third parties • deposit checks through our remote deposit service, snapdeposit, through our mobile app • get information about: - the account balance of checking account(s) - the account balance of share savings account(s) • We do not charge for direct deposits to any type of account. • We do not charge for preauthorized payments from any type of account. Please refer to our separate fee schedule for additional information about charges. ATM Operator/Network Fees. When you use an ATM not owned by us, you may be charged a fee by the ATM operator or any network used (and you may be charged a fee for a balance inquiry even if you do not complete a fund transfer).

Appears in 1 contract

Samples: Terms and Conditions

Electronic Fund Transfers Initiated By Third Parties. You may authorize a third party to initiate electronic fund transfers between your account and the third party’s account. These transfers to make or receive payment may be one-time occurrences or may recur as directed by you. These transfers may use the Automated Clearing House (ACH) or other payments network. Your authorization to the third party to make these transfers can occur in a number of ways. For example, your authorization to convert a check or draft to an electronic fund transfer or to electronically pay a returned check or draft charge can occur when a merchant provides you with notice and you go forward with the transaction (typically, at the point of purchase, a merchant will post a sign and print the notice on a receipt). In all cases, these third party transfers will require you to provide the third party with your account number and credit union information. This information can be found on your check or draft as well as on a deposit or withdrawal slip. Thus, you should only provide your credit union and account information (whether over the phone, the Internet, or via some other method) to trusted third parties whom you have authorized to initiate these electronic fund transfers. Examples of these transfers include, but are not limited to: • Preauthorized credits. You may make arrangements for certain direct deposits to be accepted into your checking or savings account(s). • Preauthorized payments. You may make arrangements to pay certain recurring bills from your checking or savings account(s). • Electronic check or draft conversion. You may authorize a merchant or other payee to make a one-time electronic payment from your checking or share draft account using information from your check or draft to pay for purchases or pay bills. • Electronic returned check or draft charge. You may authorize a merchant or other payee to initiate an electronic funds transfer to collect a charge in the event a check or draft is returned for insufficient funds. Direct Touch Banking Telephone Transfers - types of transfers - You may access your account by telephone 24 hours a day at (000) 000-0000 and Toll Free (866000) 913- 3733 000-0000 using your personal identification number, a touch tone phone, and Base account number, to: • transfer funds from checking to savings • transfer funds from savings to checking • transfer funds from savings to savings • make payments from checking to loan accounts with us • make payments from savings to loan accounts with us • get information about: - the account balance of checking accounts - the last five transactions to checking accounts - the account balance of savings accounts - the last five transactions to savings accountsaccounts ATM Transfers - types of transfers, dollar limitations, and charges - You may access your account(s) by ATM using your Visa® Debit Card and personal identification number or Sunny ATM Card and personal identification number, to: • make deposits to checking account(s) with an ATM card • make deposits to checking account(s) with a debit card • make deposits to savings account(s) with an ATM card • make deposits to savings account(s) with a debit card • get cash withdrawals from checking account(s) with an ATM card • get cash withdrawals from checking account(s) with debit card - you may withdraw no more than $500.00 per day - see separate fee schedule for fees and charges • get cash withdrawals from savings account(s) with an ATM card • get cash withdrawals from savings account(s) with debit card - you may withdraw no more than $500.00 per day - see separate fee schedule for fees and charges • transfer funds from savings to checking account(s) with an ATM card • transfer funds from savings to checking account(s) with a debit card • transfer funds from checking to savings account(s) with an ATM card • transfer funds from checking to savings account(s) with a debit card • get information about: - the account balance of your checking account(s) • with an ATM card • with a debit card • see separate fee schedule for fees and charges - the account balance of your savings accounts • with an ATM card • with a debit card • see separate fee schedule for fees and charges Types of Visa® Debit Card Point-of-Sale Transactions - You may access your checking or savings account(s) to purchase goods (in person, online, or by phone), pay for services (in person, online, or by phone), get cash from a merchant, if the merchant permits, or from a participating financial institution, and do anything that a participating merchant will accept. Point-of-Sale Transactions - dollar limitations - Using your card: • you may not exceed $5,000.00 in transactions per day (cash withdrawals) Currency Conversion and International Transactions. When you use your Visa® Debit Card at a merchant that settles in currency other than US dollars, the charge will be converted into the US dollar amount. The currency conversion rate used to determine the transaction amount in US dollars is either a rate selected by Visa from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate Visa itself receives, or the government-mandated rate in effect for the applicable central processing date. The conversion rate in effect on the processing date may differ from the rate in effect on the transaction date or posting date. Visa USA charges us a 1% International Service Assessment on all international transactions regardless of whether there is a currency conversion. We pass Advisory Against Illegal Use. You agree not to use your card(s) for illegal gambling or other illegal purpose. Display of a payment card logo by, for example, an online merchant does not necessarily mean that transactions are lawful in all jurisdictions in which the cardholder may be located. Non-Visa Debit Transaction Processing. We have enabled non-Visa debit transaction processing. This means you may use your Visa-branded debit card on • transfer funds from checking to checking - you may transfer no more than your available balance • transfer funds from checking to savings - you may transfer no more than your available balance • transfer funds from savings to checking - you may transfer no more than your available balance • transfer funds from savings to savings - you may transfer no more than your available balance • transfer funds from line of credit to checking • transfer funds from line of credit to savings • make payments from checking to loan account(s) with us • make payments from checking to third parties (Online Payment) • make payments from savings to loan account(s) with us • make payments from savings to third parties (Online Payment) • get information about: - the account balance of checking account(s) - the account balance of savings account(s) - account history • view online check images EXPEDITED PAYMENT SERVICE (Online Payment) Description of Service:

Appears in 1 contract

Samples: Terms and Conditions of Your Account

Electronic Fund Transfers Initiated By Third Parties. You may authorize a third party to initiate electronic fund transfers between your account and the third party’s account. These transfers to make or receive payment may be one-time occurrences or may recur as directed by you. These transfers may use the Automated Clearing House (ACH) or other payments network. Your authorization to the third party to make these transfers can occur in a number of ways. For example, your authorization to convert a check or draft to an electronic fund transfer or to electronically pay a returned check or draft charge can occur when a merchant provides you with notice and you go forward with the transaction (typically, at the point of purchase, a merchant will post a sign and print the notice on a receipt). In all cases, these third party transfers will require you to provide the third party with your account number and credit union information. This information can be found on your check or draft as well as on a deposit or withdrawal slip. Thus, you should only provide your credit union and account information (whether over the phone, the Internet, or via some other method) to trusted third parties whom you have authorized to initiate these electronic fund transfers. Examples of these transfers include, but are not limited to: • Preauthorized credits. You may make arrangements for certain direct deposits (such as U.S. Treasury (Social Security) or some employers payroll) to be accepted into your checking or savings account(s). • Preauthorized payments. You may make arrangements to pay certain recurring bills from your checking or savings account(s). • Electronic check or draft conversion. You may authorize a merchant or other payee to make a one-time electronic payment from your checking or share draft account using information from your check or draft to pay for purchases or pay bills. • Electronic returned check or draft charge. You may authorize a merchant or other payee to initiate an electronic funds transfer to collect a charge in the event a check or draft is returned for insufficient funds. Direct Touch Telephone Banking Telephone Transfers - types of transfers transactions - You may access your account by telephone 24 hours a day at (000) 000-0000 and Toll Free (866) 913- 3733 866.873.4968 using your personal identification number, a touch tone phone, and Base your account numbernumbers, to: • transfer funds from checking to checking • transfer funds from checking to savings • transfer funds from savings to checking • transfer funds from savings to savings • transfer funds from line of credit to checking • transfer funds from line of credit to savings • make payments from checking to loan accounts with us • make payments from savings to loan accounts with us • place a stop payment on a check • get information about: - the account balance of checking accounts - the last five transactions 90 days deposits to checking accounts - the last 90 days withdrawals from checking accounts - the account balance of savings accounts - the last five transactions 90 days deposits to savings accounts - the last 90 days withdrawals from savings accounts ATM Transfers - types of transfers, dollar limitations and charges - You may access your account(s) by ATM using your Mastercard® Debit/ATM Card and personal identification number, to: • make deposits to checking account(s) (only at BluPeak or CO-OP ATMs that accept deposits) • make deposits to savings account(s) (only at BluPeak or CO-OP ATMs that accept deposits) • get cash withdrawals from checking, savings or line of credit account(s) - you may withdraw no more than $810.00 per 24 hour period • transfer funds from savings to checking account(s) • transfer funds from checking to savings account(s) • transfer funds from line of credit to checking or savings account(s) • transfer funds from checking or savings to line of credit account(s) • get information about: - the account balance of your checking account(s) - the account balance of your savings accounts • make deposits to savings account(s) (only at BluPeak or CO-OP ATMs that accept deposits) • get cash withdrawals from savings - you may withdraw no more than $610.00 per 24 hour period Some of these services may not be available at all terminals. Types of Mastercard® Debit/ATM Card Point-of-Sale Transactions - You may access your checking account(s) to purchase goods (in person, online, or by phone), pay for services (in person, online, or by phone), get cash from a merchant, if the merchant permits, or from a participating financial institution, or do anything that a participating merchant will accept. Point-of-Sale and Signature-Based Transactions - dollar limitations - Using your card: • you may not exceed $1,510.00 in PIN based transactions (POS and ATM combined) per 24 hour period with the Mastercard® Debit/ATM Card and $5,000.00 in signature based transactions per 24 hour period with the Mastercard® Debit/ATM Card, as long as your available balance will cover the transaction. Your available balance includes any amounts available in your overdraft accounts. Debit/ATM Card Withdrawals. Use of the Mastercard® Debit/ATM Card (“Card”) by you (or by anyone else to whom you give the Card or card information) or the account number on the Card, the PIN, or any combination of the three for payments or purchases or to obtain cash advances with merchants, financial institutions, or others who honor the Card is an order by you for the withdrawal of funds from your account. Each Card withdrawal will be charged to your account. We may post withdrawals to accounts in any order we determine, and if funds are not sufficient to cover all withdrawals, we may pay Card withdrawals and dishonor checks written off of the account. You promise to reimburse us immediately for the amount of any Card withdrawal that we honor that cannot be paid out of the account (or through an overdraft or courtesy clearing). We will not honor stop payments on Card withdrawals. Refusal to Honor Card: Even though your account balance may be sufficient to cover a requested Card withdrawal, you recognize that merchants, financial institutions, electronic terminals, and others who accept the Card, or the account number on the Card, may not be liable for the refusal or the inability of such persons or terminals to honor the Card or complete a Card withdrawal, or for their retention of the Card.

Appears in 1 contract

Samples: Deposit Account and Services Agreement

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Electronic Fund Transfers Initiated By Third Parties. You may authorize a third party to initiate electronic fund transfers between your account and the third party’s account. These transfers to make or receive payment may be one-time occurrences or may recur as directed by you. These transfers may use the Automated Clearing House (ACH) or other payments network. Your authorization to the third party to make these transfers can occur in a number of ways. For example, your authorization to convert a check or draft to an electronic fund transfer or to electronically pay a returned check or draft charge can occur when a merchant provides you with notice and you go forward with the transaction (typically, at the point of purchase, a merchant will post a sign and print the notice on a receipt). In all cases, these third party transfers will require you to provide the third party with your account number and credit union information. This information can be found on your check or draft as well as on a deposit or withdrawal slip. Thus, you should only provide your credit union and account information (whether over the phone, the Internet, or via some other method) to trusted third parties whom you have authorized to initiate these electronic fund transfers. Examples of these transfers include, but are not limited to: • Preauthorized credits. You may make arrangements for certain direct deposits to be accepted into your checking or savings account(s). • Preauthorized payments. You may make arrangements to pay certain recurring bills from your checking or savings account(s). • Electronic check or draft conversion. You may authorize a merchant or other payee to make a one-time electronic payment from your checking or share draft account using information from your check or draft to pay for purchases or pay bills. • Electronic returned check or draft charge. You may authorize a merchant or other payee to initiate an electronic funds transfer to collect a charge in the event a check or draft is returned for insufficient funds. Direct Touch Banking Telephone Transfers - types TRANSFER LIMITATIONS FEES • We do not charge for direct deposits to any type of transfers - You may access your account by telephone 24 hours a day at (000) 000-0000 and Toll Free (866) 913- 3733 using your personal identification number, a touch tone phone, and Base account number, to: account. transfer funds from checking to savings • transfer funds from savings to checking • transfer funds from savings to savings • make We do not charge for preauthorized payments from checking to loan accounts with us • make payments from savings to loan accounts with us • get information about: - the account balance any type of checking accounts - the last five transactions to checking accounts - the account balance of savings accounts - the last five transactions to savings accountsaccount. Except as indicated elsewhere, we do not charge for these electronic fund transfers PREAUTHORIZED PAYMENTS

Appears in 1 contract

Samples: Online Services Agreement

Electronic Fund Transfers Initiated By Third Parties. You may authorize a third party to initiate electronic fund transfers between your account and the third party’s account. These transfers to make or receive payment may be one-time occurrences or may recur as directed by you. These transfers may use the Automated Clearing House (ACH) or other payments network. Your authorization to the third party to make these transfers can occur in a number of ways. For example, your authorization to convert a check or draft to an electronic fund transfer or to electronically pay a returned check or draft charge can occur when a merchant provides you with notice and you go forward with the transaction (typically, at the point of purchase, a merchant will post a sign and print the notice on a receipt). In all cases, these third party transfers will require you to provide the third party with your account number and credit union information. This information can be found on your check or draft as well as on a deposit or withdrawal slip. Thus, you should only provide your credit union and account information (whether over the phone, the Internet, or via some other method) to trusted third parties whom you have authorized to initiate these electronic fund transfers. Examples of these transfers include, but are not limited to: • Preauthorized credits. You may make arrangements for certain direct deposits to be accepted into your checking or savings account(s). • Preauthorized payments. You may make arrangements to pay certain recurring bills from your checking or savings account(s). • Electronic check or draft conversion. You may authorize a merchant or other payee to make a one-time electronic payment from your checking or share draft account using information from your check or draft to pay for purchases or pay bills. • Electronic returned check or draft charge. You may authorize a merchant or other payee to initiate an electronic funds transfer to collect a charge in the event a check or draft is returned for insufficient funds. Direct Touch Banking TAP System Telephone Transfers - types of transfers - You may access your account by telephone 24 hours a day at (000) 000-0000 and Toll Free (866) 913- 3733 or 0-000-000-0000 using your personal identification number, a touch tone phone, and Base your account numbernumbers, to: • transfer funds from checking to checking • transfer funds from checking to savings • transfer funds from savings to checking • transfer funds from savings to savings • make payments from checking to loan accounts with us • make payments from savings to loan accounts with us • get information about: - the account balance of checking account(s) - the account balance of savings account(s) ATM Transfers - types of transfers and dollar limitations - You may access your account(s) by ATM using your ATM/debit card and personal identification number (PIN), to: • get cash withdrawals from checking account(s) with an ATM/debit card - you may withdraw no more than $500.00 per day • get cash withdrawals from savings account(s) with an ATM/debit card - you may withdraw no more than $500.00 per day • transfer funds from savings to checking account(s) with an ATM/debit card • transfer funds from checking to savings account(s) with an ATM/debit card • get information about: - the account balance of your checking account(s) • with an ATM/debit card - the account balance of your savings account(s) • with an ATM/debit card Types of Debit Card Transactions - You may access your Checking account(s) to purchase goods (in person, online, or by phone), pay for services (in person, online, or by phone), get cash from a merchant, if the merchant permits, or from a participating financial institution, and do anything that a participating merchant will accept. Currency Conversion and Cross-Border Transaction Fees. If you effect a transaction with your Debit Card in a currency other than US Dollars, Mastercard® will convert the charge into a US Dollar amount. The Mastercard currency conversion procedure includes use of either a government-mandated exchange rate, or a wholesale exchange rate selected by Advisory Against Illegal Use. You agree not to use your card(s) for illegal gambling or other illegal purpose. Display of a payment card logo by, for example, an online merchant does not necessarily mean that transactions are lawful in all jurisdictions in which the cardholder may be located. • transfer funds from checking to checking • transfer funds from checking to savings • transfer funds from savings to checking • transfer funds from savings to savings • make payments from checking to loan accounts with us • make payments from checking to third parties with Bill Pay • make payments from savings to loan accounts with us • make payments from savings to third parties with Bill Pay • get information about: - the account balance of checking accounts - the last five 90 days or 300 transactions deposits to checking accounts - the last 90 days or 300 transactions withdrawals from checking accounts - the account balance of savings accounts - the last five 90 days or 300 transactions deposits to savings accountsaccounts - the last 90 days or 300 transactions withdrawals from savings accounts • We do not charge for direct deposits to any type of account. • We do not charge for preauthorized payments from any type of account. ATM Operator/Network Fees. When you use an ATM not owned by us, you may be charged a fee by the ATM operator or any network used (and you may be charged a fee for a balance inquiry even if you do not complete a fund transfer).

Appears in 1 contract

Samples: Account Terms and Conditions

Electronic Fund Transfers Initiated By Third Parties. You may authorize a third party to initiate electronic fund transfers between your account and the third party’s account. These transfers to make or receive payment may be one-time occurrences or may recur as directed by you. These transfers may use the Automated Clearing House (ACH) or other payments network. Your authorization to the third party to make these transfers can occur in a number of ways. For example, your authorization to convert a check or draft to an electronic fund transfer or to electronically pay a returned check or draft charge can occur when a merchant provides you with notice and you go forward with the transaction (typically, at the point of purchase, a merchant will post a sign and print the notice on a receipt). In all cases, these third party transfers will require you to provide the third party with your account number and credit union information. This information can be found on your check or draft as well as on a deposit or withdrawal slip. Thus, you should only provide your credit union and account information (whether over the phone, the Internet, or via some other method) to trusted third parties whom you have authorized to initiate these electronic fund transfers. Examples of these transfers include, but are not limited to: • Preauthorized credits. You may make arrangements for certain direct deposits to be accepted into your checking share draft or share savings account(s). • Preauthorized payments. You may make arrangements to pay certain recurring bills from your checking share draft or share savings account(s). • Electronic check or draft conversion. You may authorize a merchant or other payee to make a one-time electronic payment from your checking or share draft account using information from your check or draft to pay for purchases or pay bills. • Electronic returned check or draft charge. You may authorize a merchant or other payee to initiate an electronic funds transfer to collect a charge in the event a check or draft is returned for insufficient funds. Direct Touch Banking CCESS Telephone Transfers - types of transfers - You may access your account by telephone 24 hours a day at (000) 000-0000 and Toll Free (866) 913- 3733 using your personal identification number, a touch tone phone, and Base your account numbernumbers, to: • transfer funds from checking share draft to share savings • transfer funds from share savings to checking share draft • transfer funds from savings line of credit to share draft or share savings • make payments from checking to loan accounts with us • make payments from share draft or share savings to loan accounts with us • get information about: - the account balance of checking share draft or share savings accounts TM Transfers - the last five transactions Credit Union 24, Publix Presto, PLUS, and ExpressCash ( merican Express) Networks - types of transfers, dollar limitations, and charges - You may access your account(s) by ATM using your ATM/Debit card and personal identification number, to: • make deposits to checking accounts share draft or share savings account(s) • get cash withdrawals from share draft or share savings account(s) - you may withdraw no more than $755.00 per day - there is a charge per withdrawal at ATMs we do not own or operate (refer to separate fee schedule) • transfer funds from share savings to share draft account(s) • transfer funds from share draft to share savings account(s) • transfer funds from line of credit to share draft or share savings account(s) • get information about: - the account balance of your share draft or share savings accounts account(s) Some of these services may not be available at all terminals. Types of Debit Card Point-of-Sale Transactions - You may access your share draft account(s) to purchase goods (in person, online, or by phone), pay for service (in person, online, or by phone), get cash from a merchant, if the merchant permits, or from a participating financial institution, and do anything that a participating merchant will accept. Point-of-Sale Transactions - dollar limitations - Using your card: • you may not exceed $2,250.00 in transactions per day. Currency Conversion and International Transactions. When you use your Debit Card at a merchant that settles in currency other than US dollars, the charge will be converted into the US dollar amount. The currency conversion rate used to determine the transaction amount in US dollars is either a rate selected by Visa from the range of rates3 available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate Visa itself receives, or the government-mandated rate in effect for the applicable central processing date. The conversion rate in effect on the processing date may differ from the rate in effect on the transaction date or posting date. Visa USA charges us a .8% International Service Assessment on all international transactions, regardless of whether there is a currency conversion. If there is a currency conversion, the International Service Assessment is 1% of the transaction. In either case, we pass this international transaction fee on to you. An international transaction is a transaction where the country of the merchant is outside the USA. dvisory gainst Illegal Use. You agree not to use your card(s) for illegal gambling or other illegal purpose. Display of a payment card logo by, for example, an online merchant does not necessarily mean that transactions are lawful in all jurisdictions in which the cardholder may be located. Non-Visa Debit Transaction Processing. We have enabled non- Visa debit transaction processing. This means you may use your Visa- branded debit card on a PIN-Debit Network* (a non-Visa network) without using a PIN. The non-Visa debit network(s) for which such transactions are enabled are: PULSE Network. Examples of the types of actions that you may be required to make to initiate a Visa transaction on your Visa-branded debit card include signing a receipt, providing a card number over the phone or via the Internet, or swiping the card through a point-of-sale terminal. Examples of the types of actions you may be required to make to initiate a transaction on a PIN-Debit Network include initiating a payment directly with the xxxxxx (possibly via telephone, Internet, or kiosk locations), responding to a logo displayed at a payment site and choosing to direct payment through that network, and having your identity verified using known information derived from an existing relationship with you instead of through use of a PIN. The provisions of your agreement with us relating only to Visa transactions are not applicable to non-Visa transactions. For example, the additional limits on liability (sometimes referred to as Visa's zero- liability program) and the streamlined error resolution procedures offered on Visa debit card transactions are not applicable to transactions processed on a PIN-Debit Network. *Visa Rules generally define PIN-Debit Network as a non-Visa debit network that typically authenticates transactions by use of a personal identification number (PIN) but that is not generally known for having a card program. PC Home Banking Computer Transfers - types of transfers - You may access your account(s) by computer through the internet by logging onto our website at xxx.xxxxx.xxxx and using your personal identification number and your member number, to: • transfer funds between share draft and share savings • make payments from share draft to third parties • get information about: - the last five transactions account balance of share draft or share savings account(s) • We do not charge for direct deposits to any type of account. • We do not charge for preauthorized payments from any type of account. Except as indicated elsewhere, we do not charge for these electronic fund transfers. TM Operator/Network Fees. When you use an ATM not owned by us, you may be charged a fee by the ATM operator or any network used (and you may be charged a fee for a balance inquiry even if you do not complete a fund transfer). • Terminal transfers. You can get a receipt at the time you make a transfer to or from your account using an automated teller machine or point-of-sale terminal. However, you may not get a receipt if the amount of the transfer is $15 or less. • Preauthorized credits. If you have arranged to have direct deposits made to your account at least once every 0 days from the same person or company, you can call us at (000) 000-0000 to find out whether or not the deposit has been made. • Periodic statements. You will get a monthly account statement from us for your share draft accounts. You will get a monthly account statement from us for your share savings accounts, unless there are no transfers in a particular month. In any case, you will get a statement at least quarterly. • Right to stop payment and procedure for doing so. If you have told us in advance to make regular payments out of your account, you can stop any of these payments. Here is how: Call or write us at the telephone number or address listed in this brochure in time for us to receive your request 3 business days or more before the payment is scheduled to be made. If you call, we may also require you to put your request in writing and get it to us within 14 days after you call. Please refer to our separate fee schedule for the amount we will charge you for each stop payment order you give. • Notice of varying amounts. If these regular payments may vary in amount, the person you are going to pay will tell you, 10 days before each payment, when it will be made and how much it will be. (You may choose instead to get this notice only when the payment would differ by more than a certain amount from the previous payment, or when the amount would fall outside certain limits that you set.) • Liability for failure to stop payment of preauthorized transfer. If you order us to stop one of these payments 3 business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages. Liability for failure to make transfers. If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

Appears in 1 contract

Samples: Terms and Conditions

Electronic Fund Transfers Initiated By Third Parties. You may authorize a third party to initiate electronic fund transfers between your account and the third party’s account. These transfers to make or receive payment may be one-time occurrences or may recur as directed by you. These transfers may use the Automated Clearing House (ACH) or other payments network. Your authorization to the third party to make these transfers can occur in a number of ways. For example, your authorization to convert a check or draft to an electronic fund transfer or to electronically pay a returned check or draft charge can occur when a merchant provides you with notice and you go forward with the transaction (typically, at the point of purchase, a merchant will post a sign and print the notice on a receipt). In all cases, these third party transfers will require you to provide the third party with your account number and credit union information. This information can be found on your check or draft as well as on a deposit or withdrawal slip. Thus, you should only provide your credit union and account information (whether over the phone, the Internet, or via some other method) to trusted third parties whom you have authorized to initiate these electronic fund transfers. Examples of these transfers include, but are not limited to: • Preauthorized credits. You may make arrangements for certain direct deposits to be accepted into your checking or savings account(s). • Preauthorized payments. You may make arrangements to pay certain recurring bills from your checking or savings account(s). • Electronic check or draft conversion. You may authorize a merchant or other payee to make a one-time electronic payment from your checking or share draft account using information from your check or draft to pay for purchases or pay bills. • Electronic returned check or draft charge. You may authorize a merchant or other payee to initiate an electronic funds transfer to collect a charge in the event a check or draft is returned for insufficient funds. Direct Touch Banking Telephone Transfers - types of transfers - You may access your account by telephone 24 hours a day at (000) 000-0000 and Toll Free (866) 913- 3733 using your personal identification number, a touch tone phone, and Base account number, to: • transfer funds from checking to savings • transfer funds from savings to checking • transfer funds from savings to savings • make payments from checking to loan accounts with us • make payments from savings to loan accounts with us • get information about: - the account balance of checking accounts - the last five transactions to checking accounts - the account balance of savings accounts - the last five transactions to savings accounts

Appears in 1 contract

Samples: Terms and Conditions

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