Large Cash Withdrawals Sample Clauses

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. 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 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:

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 purposes, we have the right to limit the amount of cash we will provide on demand at a branch. We may require reasonable advance notice for large cash withdrawals. You agree that we are not responsible for providing for your security in such transactions and that we may require you to make advance arrangements with a licensed third party carrier for such withdrawals. We may also require you to sign a release for large cash withdrawals. 1. stop Payment order request: You may request a stop payment order on any check drawn on your Account. To be binding a stop payment order must be dated, signed and describe the Account check number and exact amount. If the stop payment order is placed by telephone a recording of the call will be taken and verification sent to address of record. The stop payment will be effective if the Credit Union receives the order in time for the Credit Union to act upon the order and you accurately and timely describe the Account number, date of the check, payee name, number of the check and its exact amount. You understand that the exact information is necessary for the Credit Union’s computer to identify the check. If you give us incorrect or incomplete information, we will not be responsible for failing to stop payment on the check. We must be given reason- able opportunity to act on any stop payment order before it can be considered effective. If the stop payment order is not received in time for us to act upon the order, we will not be liable to you or to any other party for payment of the check. If we re-credit your Account after paying a check over a valid and timely stop payment order, you agree to sign a statement describing the dispute with the payee, to transfer to us all of your rights against the payee or other holders of the check and to assist us in any legal action. We are not obligated to reimburse you for a paid stop payment unless you can provide proof of loss associated with such payment. 2. duration of order: You may make an oral stop payment order, which will lapse within fourteen (14) calendar days unless confirmed in writing within that time. A written stop payment order is effective for six (6) months unless renewed in writing and that written notice is given to the Credit Union. We do not have to notify you when a stop payment order expires.

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. 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. 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 a foreign currency. If we, in our sole discretion, pay a check or other item in a foreign currency, the applicable exchange rate may apply. ...

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 reserve the right to require at least 7 calendar days advance notice for large cash withdrawals. We may also refuse to honor a request to withdraw funds in cash from your account or to cash a check (including a cashier’s check or other official item) at a branch, if we believe that the amount is unreasonably large or that honoring the request would result in undue hardship or a security risk. We may require that such withdrawals be made at one of our cash vaults by an armored courier, acceptable to us and at your sole risk and expense. We are not responsible for providing for your security in such transactions.

Large Cash Withdrawals. In addition to the foregoing, if any person should instruct the Credit Union to make a large cash withdrawal (the definition of which shall be within the Credit Union’s sole discretion) in lieu of other methods of transferring funds offered by the Credit Union, the Member hereby releases the Credit Union from any and all liability, claims and demands whatsoever which arise from or in any way relate to the Member’s possession of any large sums of cash from the moment possession of same is made available to the Member; and Member will execute and deliver any further releases the Credit Union may require in connection with any such withdrawal.