Large Cash Withdrawals. We require advance notice for large cash withdrawals. The length of advance notice is dependent on (but not limited to) (i) time of year (holidays, location specific festivals, etc.) (ii) Pay days (iii) branch location. For large cash withdrawals we will ask for the purpose of the request. We reserve the right to deny the transaction.
Large Cash Withdrawals. We may place reasonable restrictions on when and how you make any large cash withdrawal. We may also require that you sign a document releasing us from any liability if you are robbed or assaulted. We may refuse the withdrawal request if you do not agree with these conditions.
Large Cash Withdrawals. We require notice of at least three (3) Business Days prior to approving any cash withdrawals in excess of $9,000.00, including when the withdrawal is due to your termination of the account. We may waive this requirement in our sole discretion.
Large Cash Withdrawals. GTE reserves the right to limit the amount of cash you may withdraw at a Community Financial Center Branch. If you intend to make a large cash withdrawal you must provide us with reasonable notice. If your withdrawal is larger than average or creates an additional risk to the credit union, a cash servicing company may be utilized to complete the transaction at a predetermined time and place with an accompanying service charge for utilizing this service. GTE may offer to make payment to you with a bank check or wire transfer. GTE will not provide personal protection for you if you elect to carry large sums of money off our premises. You will do so at your own risk. Negative Information Notice Federal law requires us to provide the following notice to members before any “negative information” may be furnished to a nationwide consumer reporting agency. “Negative information” includes information concerning delinquencies, overdrafts or any form of default. This notice does not mean that we will be reporting such information about you, only that we may report such information about members that have not done what they are required to do under our agreement. After providing this notice, additional negative information may be submitted without providing another notice. We may report information about your account to credit bureaus. Late payments, missed payments or other defaults on your account may be reflected in your credit report. Automated Clearing House (ACH) Disclosures 1 Notice of Provisional Nature of ACH Payments: GTE Financial may give you credit for automated clearing house (ACH) payments before it receives final settlement of the funds transfer. Any such credit is provisional until GTE Financial receives final settlement of the payment. You are hereby notified and agree, if GTE Financial does not receive such final settlement, that it is entitled to a refund from you of the amount credited to you in connection with that ACH entry. GTE charges you for all ACH transfers or account- to-account (A2A)/external transfers. See fee disclosure for fee amount. You may avoid GTE’s ACH transfer fees by allowing payees to directly pull funds via ACH debit from your account. Payees initiating ACH debits from your account may charge their own fees for such transactions. You should consult with your individual payees regarding any such fees.
Large Cash Withdrawals. We may place reasonable restrictions on when and how you make any large cash withdrawal. Processing and payment of checks is automated, and we process many checks each day. Although we inspect some checks, this means that we do not examine individually all of your items to determine if the item is properly completed, signed, and endorsed. When we take an item for processing by automated means, ordinary care does not require us to exam the item. You agree that reasonable commercial standards do not require us to do so. In all other cases, ordinary care requires only that we follow standards that do not vary unreasonably from the general standards followed by similarly situated banks. If we return a check because we believe it doesn’t match your signature on file with us, we’re not liable to you even if you authorized the check. If the numeric amount on a check doesn’t match the amount written out in words, we may select either one when paying it. We have no duty to prevent presentment of a check more than once. If you write a check to multiple payees, we can properly pay the check regardless of the number of endorsements unless you notify us in writing that the check requires multiple endorsements. We must receive the notice in time for us to have a reasonable opportunity to act on it, and you must tell us the precise date of the check, amount, check number and payee. We are not responsible for any unauthorized signature or alteration that would not be identified by a reasonable inspection of the item. If you purchase your blank checks from a third party other than us, you should first consult with us to ensure that we will accept the checks you plan to purchase. We may deny any form of checks that we determine in our discretion would cause additional risk to us or that we would not be able to process efficiently. We may refuse any withdrawal or transfer request on forms of checks not approved by us or by a method we do not permit. Check Cashing Death or Incompetence Truncation, Substitute Checks, and Other Check Images Postdated Checks Stale-Dated Checks Stop Payments If a person who is not our deposit or loan customer tries to cash your check at any of our branches, we may charge them a fee or refuse to cash it. We also may require that they provide us identification we deem acceptable. We may pay the amount encoded on your foreign check in U.S. dollars, even if you wrote the check in a foreign currency or made a notation on the check’s face to pay it in ...
Large Cash Withdrawals. You agree that in the event you request a large cash withdrawal, as determined by us in our sole and absolute discretion, you are solely responsible for your security once you take possession of your cash withdrawal. You additionally agree to execute, at our request, a release and indemnity agreement. Available currency at each branch may vary, and we may need reasonable advance notice of any large cash withdrawal. You agree to provide us with such notice.
Large Cash Withdrawals. We may place reasonable restrictions on when and how you make any large cash withdrawal. We may also require that you sign a document releasing us from any liability if you are robbed or assaulted. We may refuse the withdrawal request if you do not agree with these conditions. The Bank Secrecy Act, a federal law, requires all financial institutions to report large currency transactions to the IRS. The Bank will prepare a Currency Transaction Report (CTR) at the time the transaction occurs and forward it to the IRS. In order to complete the report, we are required to obtain certain information about the individual presenting the transaction as well as the individual for whom the transaction is being conducted.
Large Cash Withdrawals. For security reasons and in order for us to properly prepare for such requests, we require advance notice for large cash withdrawals. We can refuse an order to withdraw funds in cash or to cash an item if we believe that the request is a security risk or will result in a hardship on the Bank. We may require you to accept an Official Check or electronic transfer to receive the funds. If we agree to a large cash withdrawal, you may be required to employ a courier service acceptable to us and at your risk and expense. If a large cash withdrawal is completed at a branch you will be required to sign a cash withdrawal agreement or affidavit. Refusal to sign the agreement is grounds for us to revoke the cash withdrawal and require an alternate delivery for the funds. You understand and agree that the Bank is not responsible for providing any security regarding any cash withdrawals or deposits.
Large Cash Withdrawals. We reserve the right to require advance notice for certain large cash withdrawals. In addition, for your protection we may require armored car or other adequate security measures in the event we believe your safety may be compromised based on a large cash withdrawal. You agree Bank has no obligation whatsoever to provide personal security under such circumstances.
Large Cash Withdrawals. We may place reasonable restrictions on large cash withdrawals. These restrictions may include requiring you to provide reasonable advance notice to ensure we have sufficient cash on hand. We don’t have any obligation to provide security if you make a large cash withdrawal. If you want to deposit a large amount of cash, we may require you to provide adequate security or exercise other options to mitigate possible risks. In addition to the foregoing if any person should instruct the Credit Union to make a large cash withdrawal and we, in our sole discretion decide to accommodate such request, in lieu of other methods of transferring funds offered by the Credit Union, you will execute and deliver any releases and/or indemnitees that the Credit Union may require in connection with any such withdrawal.
