Electronic Funds Transfers (EFT. This disclosure is provided to members according to the provisions of the Federal Electronic Fund Transfer Act. The word “card” refers to the Debit/ATM Card issued to you. The word “terminals” refers to automated teller machines and point of sale terminals. Please read this disclosure statement in its entirety. SUMMARY OF YOUR LIABILITY FOR UNAUTHORIZED ELECTRONIC FUNDS TRANSFERS: If you believe your card has been lost or stolen or that someone has transferred or may transfer money from your account without your permission, call us immediately or if after business hours, call 0-000-000-0000. Failing to contact us regarding lost or stolen cards or unauthorized transferred may increase your liability for loss. Your liability for unauthorized VISA debit transactions with the card is zero if reported immediately (does not apply to ATM transactions, PIN transactions not processed by Visa, or certain commercial card transactions). Failure to notify the credit union immediately will void this statement of zero liability. If you fail to notify us immediately of a lost or stolen card or an unauthorized transaction the statement of zero liability is void; however, if you inform us within 2 business days of the loss, theft, or unauthorized transaction, you can lose no more than $50. If you do not inform us within 2 business days after the loss or theft of your card you will be liable for up to $500 of unauthorized charges. After 60 days there is no limit of liability. If a good reason (such as a long trip or hospital stay) kept you from telling us, at our discretion, we may extend the time periods for reporting. If you report unauthorized transactions within the limit of liability, provisional credit amounts will be provided on a provisional basis until the conclusion of an investigation. In any situation, if it is determined that you were grossly negligent in handling your account or card, committed fraud or attempted to defraud through the use or misuse of your account or card, or did not comply with the terms and conditions specified in this agreement or the Debit/ATM Card Agreement, the limits of liability may not apply and any provisional credit provided to your during the course of investigation may be withheld, delayed, limited, or rescinded. OUR ELECTRONIC FUND TRANSFER SERVICES: You may use your card to make the following electronic fund transfers: • Inquire balances or cash withdrawal from your checking or savings account at ATMs • Pay for purchases at participating merchant locations • Authorize online purchases through merchant websites (Some of these services may not be available at all terminals) LIMITATIONS ON ELECTRONIC FUNDS TRANSFERS: You may withdrawal up to $500 in cash from ATMs daily. You may use your card for transactions in amounts not to exceed the balance in your account or $2,500, whichever is less, for daily non-ATM transactions at participating financial institutions and merchants. These limits may be changed on your account at the credit union’s discretion at any time. For security reasons, there are limits on the number of transfers you can make using your card. Please be aware that many merchants may place holds on your account for funds in excess of the purchase. These funds will expire once the purchase posts to your account (up to 3 business days); however, until such time you may not have access to held funds. We will not be responsible for any charges, fees, or circumstances resulting from any hold. SUMMARY OF YOUR RIGHT TO RECEIVE DOCUMENTATION OF TRANSFERS: You will receive a monthly account statement if there are any electronic fund transfers during that month, otherwise you will receive a statement at least quarterly. SUMMARY OF OUR LIABILITY TO YOU FOR FAILURE TO MAKE OR STOP CERTAIN 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: • If, through no fault of ours, you do not have enough money in your account to make the transfer • If the transfer would go over the credit limit on your overdraft line • If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken • If the ATM where you are making the transfer does not have enough cash • If the terminal was not working properly and you knew about the breakdown when you started the transfer • There may be other exceptions stated in our agreement with you CONFIDENTIALITY: We will disclose information to third parties about your account or the transfers you make: • Where it is necessary for completing transfer • In order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant • In order to comply with government agency or court orders or subpoenas, or laws and regulations • If you give us your written permission CHARGES FOR ELECTRONIC FUND TRANSFERS: If you use an ATM not owned by us or visit a POS merchant, you may be charged a fee by the acquirer. Check the Truth in Savings and Fee Schedule for any fees the credit union may charge.
Appears in 2 contracts
Samples: Membership and Account Agreement, Membership and Account Agreement
Electronic Funds Transfers (EFT. This disclosure is provided to members according to the provisions of the Federal Electronic Fund Transfer Act. The word “card” refers to the Debit/ATM Card issued to you. The word “terminals” refers to automated teller machines and point of sale terminals. Please read this disclosure statement in its entirety. SUMMARY OF YOUR LIABILITY FOR UNAUTHORIZED ELECTRONIC FUNDS TRANSFERS: If you believe your card has been lost or stolen or that someone has transferred or may transfer money from your account without your permission, call us immediately or if after business hours, call 0-000-000-0000. Failing to contact us regarding lost or stolen cards or unauthorized transferred may increase your liability for loss. Your liability for unauthorized VISA debit transactions with the card is zero if reported immediately (does not apply to ATM transactions, PIN transactions not processed by Visa, or certain commercial card transactions). Failure to notify the credit union immediately will void this statement of zero liability. If you fail to notify us immediately of a lost or stolen card or an unauthorized transaction the statement of zero liability is void; however, if you inform us within 2 business days of the loss, theft, or unauthorized transaction, you can lose no more than $50. If you do not inform us within 2 business days after the loss or theft of your card you will be liable for up to $500 of unauthorized charges. After 60 days there is no limit of liability. If a good reason (such as a long trip or hospital stay) kept you from telling us, at our discretion, we may extend the time periods for reporting. If you report unauthorized transactions within the limit of liability, provisional credit amounts will be provided on a provisional basis until the conclusion of an investigation. In any situation, if it is determined that you were grossly negligent in handling your account or card, committed fraud or attempted to defraud through the use or misuse of your account or card, or did not comply with the terms and conditions specified in this agreement or the Debit/ATM Card Agreement, the limits of liability may not apply and any provisional credit provided to your during the course of investigation may be withheld, delayed, limited, or rescinded. OUR ELECTRONIC FUND TRANSFER SERVICES: You may use your card to make the following electronic fund transfers: • Inquire balances or cash withdrawal from your checking or savings account at ATMs • Pay for purchases at participating merchant locations • Authorize online purchases through merchant websites (Some of these services may not be available at all terminals) LIMITATIONS ON ELECTRONIC FUNDS TRANSFERS: You may withdrawal up to $500 in cash from ATMs daily. You may use your card for transactions in amounts not to exceed the balance in your account or $2,500, whichever is less, for daily non-ATM transactions at participating financial institutions and merchants. These limits may be changed on your account at the credit union’s discretion at any time. For security reasons, there are limits on the number of transfers you can make using your card. Please be aware that many merchants may place holds on your account for funds in excess of the purchase. These funds will expire once the purchase posts to your account (up to 3 business days); however, until such time you may not have access to held funds. We will not be responsible for any charges, fees, or circumstances resulting from any hold. SUMMARY OF YOUR RIGHT TO RECEIVE DOCUMENTATION OF TRANSFERS: You will receive a monthly account statement if there are any electronic fund transfers during that month, otherwise you will receive a statement at least quarterly. SUMMARY OF OUR LIABILITY TO YOU FOR FAILURE TO MAKE OR STOP CERTAIN 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: • If, through no fault of ours, you do not have enough money in your account to make the transfer • If the transfer would go over the credit limit on your overdraft line • If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken • If the ATM where you are making the transfer does not have enough cash • If the terminal was not working properly and you knew about the breakdown when you started the transfer • There may be other exceptions stated in our agreement with you CONFIDENTIALITY: We will disclose information to third parties about your account or the transfers you make: • Where it is necessary for completing transfer • In order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant • In order to comply with government agency or court orders or subpoenas, or laws and regulations • If you give us your written permission CHARGES FOR ELECTRONIC FUND TRANSFERS: If you use an ATM not owned by us or visit a POS merchant, you may be charged a fee by the acquirer. Check the Truth in Savings and Fee Schedule for any fees the credit union may charge.
Appears in 1 contract
Samples: Membership and Account Agreement
Electronic Funds Transfers (EFT. This disclosure is provided to members according to the provisions of the Federal Electronic Fund Transfer Act. The word “card” refers to the Debit/ATM Card issued to you. The word “terminals” refers to automated teller machines and point of sale terminals. Please read this disclosure statement in its entirety. SUMMARY OF YOUR LIABILITY FOR UNAUTHORIZED ELECTRONIC FUNDS TRANSFERS: If you believe your card has been lost or stolen or that someone has transferred or may transfer money from your account without your permission, call us immediately or if after business hours, call 0-000-000-0000. Failing to contact us regarding lost or stolen cards or unauthorized transferred may increase your liability for loss. Your liability for unauthorized VISA debit transactions with the card is zero if reported immediately (does not apply to ATM transactions, PIN transactions not processed by Visa, or certain commercial card transactions). Failure to notify the credit union immediately will void this statement of zero liability. If you fail to notify us immediately of a lost or stolen card or an unauthorized transaction the statement of zero liability is void; however, if you inform us within 2 business days of the loss, theft, or unauthorized transaction, you can lose no more than $50. If you do not inform us within 2 business days after the loss or theft of your card you will be liable for up to $500 of unauthorized charges. After 60 days there is no limit of liability. If a good reason (such as a long trip or hospital stay) kept you from telling us, at our discretion, we may extend the time periods for reporting. If you report unauthorized transactions within the limit of liability, provisional credit amounts will be provided on a provisional basis until the conclusion of an investigation. In any situation, if it is determined that you were grossly negligent in handling your account or card, committed fraud or attempted to defraud through the use or misuse of your account or card, or did not comply with the terms and conditions specified in this agreement or the Debit/ATM Card Agreement, the limits of liability may not apply and any provisional credit provided to your during the course of investigation may be withheld, delayed, limited, or rescinded. OUR ELECTRONIC FUND TRANSFER SERVICES: You may use your card to make the following electronic fund transfers: • Inquire balances or cash withdrawal from your checking or savings account at ATMs • Pay for purchases at participating merchant locations • Authorize online purchases through merchant websites (Some of these services may not be available at all terminals) LIMITATIONS ON ELECTRONIC FUNDS TRANSFERS: You may withdrawal up to $500 in cash from ATMs daily. You may use your card for transactions in amounts not to exceed the balance in your account or $2,500, whichever is less, for daily non-ATM transactions at participating financial institutions and merchants. These limits may be changed on your account at the credit union’s discretion at any time. For security reasons, there are limits on the number of transfers you can make using your card. Please be aware that many merchants may place holds on your account for funds in excess of the purchase. These funds will expire once the purchase posts to your account (up to 3 business days); however, until such time you may not have access to held funds. We will not be responsible for any charges, fees, or circumstances resulting from any hold. SUMMARY OF YOUR RIGHT TO RECEIVE DOCUMENTATION OF TRANSFERS: You will receive a monthly account statement if there are any electronic fund transfers during that month, otherwise you will receive a statement at least quarterly. SUMMARY OF OUR LIABILITY TO YOU FOR FAILURE TO MAKE OR STOP CERTAIN 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: • If, through no fault of ours, you do not have enough money in your account to make the transfer • If the transfer would go over the credit limit on your overdraft line • If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken • If the ATM where you are making the transfer does not have enough cash • If the terminal was not working properly and you knew about the breakdown when you started the transfer • There may be other exceptions stated in our agreement with you CONFIDENTIALITY: We will disclose information to third parties about your account or the transfers you make: • Where it is necessary for completing transfer • In order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant • In order to comply with government agency or court orders or subpoenas, or laws and regulations • If you give us your written permission CHARGES FOR ELECTRONIC FUND TRANSFERS: If you use an ATM not owned by us or visit a POS merchant, you may be charged a fee by the acquirer. Check the Truth in Savings and Fee Schedule for any fees the credit union may charge.
Appears in 1 contract
Samples: Membership and Account Agreement
