Common use of Restrictions on Electronic Funds Transfers Clause in Contracts

Restrictions on Electronic Funds Transfers. Any combination of preauthorized, automatic, or telephone withdrawals or transfers from share accounts are limited to no more than six (6) transfers in each calendar month. However, you may make an unlimited number of withdrawals from or transfers among your own share accounts by mail, messenger, or in person at the Credit Union or at an ATM, subject to any limitations set forth in this Agreement. You may also make an unlimited number of withdrawals from your share accounts through the Credit Union’s TellerTone24sm Audio Response System, F&A@ HOME, Mobile Banking or by telephone if you request that we send you a check. Transfers or withdrawals in excess of the above limitations will not be honored. Verification - All transactions affected by use of ATMs, POS terminals, Electronic Check Transaction, TellerTone24sm Audio Response System, X&X@XXXX, Mobile Banking or other electronic transaction contemplated hereunder which would otherwise require your actual signature, or other authorization, shall be valid and effective as if actually signed by you when accomplished by use of an Electronic Check Transaction, the Card(s) and/or PIN(s), or as otherwise authorized under this Agreement. Deposits made at an ATM are subject to verification by us and may only be credited or withdrawn in accordance with our funds availability policy. Transactions accomplished after the close of normal business each day shall be deemed to have occurred on our next business day. We are not responsible for delays in a deposit due to improper identification on the deposit envelope or improper keying of your transaction. Information accompanying a deposit should include your name, our name, your member number, and where you want your deposit to go. If you make a deposit to your checking account with us, the checking account deposit slip should be included. ADDITIONAL DISCLOSURES APPLICABLE TO VISA DEBIT CARD TRANSACTIONS In this section, “Card” refers to your F&A Federal Credit Union Visa Debit Card that is linked to your checking account, and any duplicates, renewals, or substitutions the Credit Union issues to you, unless otherwise noted. The disclosures in this section apply to the use of your Card to conduct electronic fund transfers, including, but not limited to, use of the Card at ATMs and POS terminals. By use of your Card at a participating POS terminal, you authorize us to make withdrawals from your checking account for cash advances and/or purchases. Access to ATMs is through the use of a Card and a Personal Identification Number (PIN) that we will provide you. Account Access - You may use your Card to withdraw cash from your checking account by way of a cash advance from merchants, financial institutions, or others who honor the Card and/or pay for purchases from merchants, financial institutions, and others who honor the Card. You may also use your Card to withdraw cash from your share account using an ATM. However, we are not responsible for the refusal or inability of any ATM or POS terminal, merchant, or financial institution to honor the Card, to complete a transaction, or for their retention of the Card. You understand that your Card is not a credit card and does not provide “credit” which means that you may not defer payment of Card transactions. You understand that you can authorize us to link your Card to an overdraft protection source, including, but not limited to, a share account, a money market account, or line of credit, for funds availability purposes. However, we reserve the right to expand or restrict the types of accounts that may be linked to your Card. Your Card may be used to access your checking account from any merchant location where the VISA logo is displayed. You understand that some participating merchants (such as hotels, car rental companies, restaurants, or gas stations) may initiate electronic notices seeking validation of the Card and/or approval of the anticipated purchase amount. Such an anticipated purchase amount may exceed the amount of the actual purchase transaction. We may place a hold against your checking account for the anticipated amount. The hold may remain in effect from the time the notice is received by us up to the time the merchant draft or other item is presented. The amount of the actual purchase transaction is then deducted from your checking account. The available balance in your checking account will be reduced by the amount of any transaction for which the merchant receives authorization from us, even if the documentation evidencing the transaction has not yet been received or processed by us. You agree that we are not responsible if we do not authorize or if we dishonor other POS, ATM, or check transactions drawn on your account while a hold is placed on your account. ATM Transactions and Limitations - Transaction types and services may be limited on certain ATMs on the systems which are not owned by us (non-Proprietary ATMs), such as, for example, withdrawal limits. If a transaction or service type is not available, the attempted transaction will generally be refused as an invalid transaction. You can use your Card to perform the following ATM transactions:

Appears in 1 contract

Samples: And Agreement

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Restrictions on Electronic Funds Transfers. Any combination of preauthorized, automatic, or telephone withdrawals or transfers from share or Money Market accounts are limited to no more than six (6) withdrawals or transfers in each calendar monthto another credit union account or to a third party using any combination of preauthorized or automatic transfers or telephonic orders or instructions per statement period. However, you may make an unlimited number of withdrawals from or transfers among your own share accounts by mail, messenger, or in person at the Credit Union or at an ATM, subject to any limitations set forth in this Agreement. You may also make an unlimited number of withdrawals from your share savings accounts through the Credit Union’s TellerTone24sm “MoneyLine” Audio Response System, F&A@ HOMEOnline Banking, Mobile Banking or by telephone if you request that we send you a check. Transfers or withdrawals in excess of the above limitations will not be honored. Verification - Verification- All transactions affected by use of the ATMs, POS terminals, Electronic Check Transaction, TellerTone24sm “MoneyLine” Audio Response System, X&X@XXXXOnline Banking, Mobile Banking Banking, Remote Deposit Capture, or other electronic transaction contemplated hereunder which would otherwise require your actual “wet” signature, or other authorization, shall be valid and effective as if actually “wet” signed by you when accomplished by use of an Electronic Check Transaction, the Card(s) ), and/or PIN(s), ) or as otherwise authorized under this Agreement. Deposits made at an ATM are subject to verification by us and may only be credited or withdrawn in accordance with our funds availability policy. “Delayed Funds Availability” Transactions accomplished after the close of normal business each day shall be deemed to have occurred on our next business day. We are not responsible for delays in a deposit due to improper identification on the deposit envelope or improper keying of your transaction. Information accompanying a deposit should include your name, our name, your member number, and where you want to which account the deposit belongs. For any questions or assistance with your deposit to goaccounts or services, please contact us at 000.000.0000 or visit our website at xxxxxxxxx.xxx. If you make a deposit to Rev. 01/18 WHAT DOES AMERICAN FIRST CREDIT UNION DO WITH YOUR PERSONAL INFORMATION? FACTS Why? Financial companies choose how they share your checking account with us, the checking account deposit slip should be includedpersonal information. ADDITIONAL DISCLOSURES APPLICABLE TO VISA DEBIT CARD TRANSACTIONS In this section, “Card” refers to your F&A Federal Credit Union Visa Debit Card that is linked to your checking account, and any duplicates, renewals, or substitutions the Credit Union issues to you, unless otherwise noted. The disclosures in this section apply to the use of your Card to conduct electronic fund transfers, including, but not limited to, use of the Card at ATMs and POS terminals. By use of your Card at a participating POS terminal, you authorize us to make withdrawals from your checking account for cash advances and/or purchases. Access to ATMs is through the use of a Card and a Personal Identification Number (PIN) that we will provide you. Account Access - You may use your Card to withdraw cash from your checking account by way of a cash advance from merchants, financial institutions, or others who honor the Card and/or pay for purchases from merchants, financial institutions, and others who honor the Card. You may also use your Card to withdraw cash from your share account using an ATM. However, we are not responsible for the refusal or inability of any ATM or POS terminal, merchant, or financial institution to honor the Card, to complete a transaction, or for their retention of the Card. You understand that your Card is not a credit card and does not provide “credit” which means that you may not defer payment of Card transactions. You understand that you can authorize us to link your Card to an overdraft protection source, including, but not limited to, a share account, a money market account, or line of credit, for funds availability purposes. However, we reserve law gives consumers the right to expand or restrict the limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. What? The types of accounts that may be linked personal information we collect and share depend on the product or service you have with us. This information can include: • Social Security number and income • Account balances and payment history • Credit history and credit score How? All financial companies need to share members’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their members’ personal information; the reasons American First chooses to share; and whether you can limit this sharing. Reasons we can share your personal information Does American First share? Can you limit this sharing? For our everyday business purposes – such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus YES NO For our marketing purposes – to offer our products and services to you YES YES For joint marketing with other financial companies – YES YES For our affiliates’ everyday business purposes – information about your transactions and experiences NO We don’t share For our affiliates’ everyday business purposes – information about your creditworthiness NO We don’t share For our affiliates to market to you NO We don’t share For non-affiliates to market to you YES YES • Call toll-free 000.000.0000 to speak with a Member Service Representative • Fill out the opt-out form below and mail or bring it to your Card. Your Card may be used nearest American branch; or fax it to access American First Credit Union at 562.237.5111 • Email us at: Xxxxxxxxx@xxxxxxxxx.xxx If you are a new member, we can begin sharing your checking account from any merchant location where the VISA logo is displayed. You understand that some participating merchants (such as hotels, car rental companies, restaurants, or gas stations) may initiate electronic notices seeking validation of the Card and/or approval of the anticipated purchase amount. Such an anticipated purchase amount may exceed the amount of the actual purchase transaction. We may place a hold against your checking account for the anticipated amount. The hold may remain in effect information 45 days from the date we sent this notice. When you are no longer our member, we continue to share your information as described in this notice, however, you can contact us at any time the notice is received by us up to the time the merchant draft limit our sharing. To limit our sharing Call toll-free 000.000.0000 or other item is presentedgo to xxx.xxxxxxxxx.xxx Questions?  . The amount of the actual purchase transaction is then deducted from . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..  Opt-Out Member Notification Form If you have a joint account, your checking account. The available balance in your checking account choice will be reduced by the amount of any transaction for which the merchant receives authorization from us, even if the documentation evidencing the transaction has not yet been received or processed by us. You agree that we are not responsible if we do not authorize or if we dishonor other POS, ATM, or check transactions drawn on your account while a hold is placed apply to everyone on your account. ATM Transactions and Limitations - Transaction types  Do not share my personal information with non-affiliates to market their products and services may be limited on certain ATMs on the systems which to me.  Do not share my personal information with other financial institutions to jointly market to me. Name Mail to: American First Credit Union P.O. Box 2477 Brea, CA 928221-2477 Address City, State, Zip Account # Who we are not owned by us (non-Proprietary ATMs)Who is providing this notice? American First Credit Union What we do How does American First Credit Union protect my personal information? To protect your personal information from unauthorized access and use, such aswe use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. American First Credit Union regularly tests and assesses its information security measures to protect your information. How does American First Credit Union collect my personal information? We collect your personal information, for example, withdrawal limitswhen you: • open an account or deposit money • pay your bills or apply for a loan • use your credit or debit card We also collect your personal information from others, such as credit bureaus, affiliates, or other companies. Why can’t I limit all sharing? Federal law gives you the right to limit only: • sharing for affiliates’ everyday business purposes – information about your credit worthiness • affiliates from using your information to market to you • Sharing for non-affiliates to market to you State laws and individual companies may give you additional rights to limit sharing. [See below for more on your rights under state law.] What happens when I limit sharing for an account, I hold jointly with someone Your choices will apply to everyone on your account. Definitions Affiliates Companies related by common ownership or control. They can be financial and nonfinancial companies. • American First Credit Union has no affiliates Nonaffiliates Companies not related by common ownership or control. They can be financial and nonfinancial companies. • Nonaffiliates we share with include investment, insurance, and other financial services companies Joint Marketing A formal agreement between nonaffiliated financial companies that together market financial products or services to you. • Our joint marketing partners include investment, insurance, and other financial services companies The California Financial Information Privacy Act (FIPA), Financial Code §§ 4050-4060, gives California consumers additional rights to limit the sharing of their personal financial information by financial service companies doing business in California. Under California law, financial service companies must get your permission first, before they can share your personal financial information with outside companies. This does not apply to sharing with outside companies that offer financial products or services. You have a right to “opt-out” of information sharing with outside companies for those purposes. If you are a transaction or service type is not availableCalifornia resident, we have attached a form entitled, “Important Privacy Choices for Consumers” that includes details on how you can further limit our information sharing under California law. Other important Information Rev. 01/18 Important Privacy Choices for Consumers Applies to California Residents Only As a member of American First Credit Union, you have the attempted transaction will generally be refused as an invalid transactionright to control whether we share some of your personal information. You can use your Card to perform Please read the following ATM transactions:information carefully before you make your choices below.

Appears in 1 contract

Samples: Account Agreement

Restrictions on Electronic Funds Transfers. Any combination of preauthorized, automatic, or telephone withdrawals or transfers from share accounts Share or Money Market Accounts are limited to no more than six thansix (6) withdrawals or transfers in each calendar monthto another credit union account or to a third partyusing anycombination of preauthorized or automatic transfers or telephonicordersor instructions per statement period. However, you may make an unlimited number of withdrawals from or transfers among your own share accounts Share Accounts by mail, messenger, or in person at the Credit Union or at an ATM, subject to any limitations set forth in this Agreement. You may also make an unlimited number of withdrawals from your share savings accounts through the Credit Union’s TellerTone24sm “MoneyLine” Audio Response System, F&A@ HOMEOnline Banking, Mobile Banking or by telephone if you request that we send you a check. Transfers or withdrawals in excess of the above limitations will not be honoredVerification. Verification - All transactions affected by use of the ATMs, POS terminals, Electronic Check Transaction, TellerTone24sm “MoneyLine” Audio Response System, X&X@XXXXOnline Banking, Mobile Banking Banking, Remote Deposit Capture, or other electronic transaction contemplated hereunder which would otherwise require your actual “wet” signature, or other authorization, shall be valid and effective as if actually “wet” signed by you when accomplished by use of an Electronic Check Transaction, the Card(s) ), and/or PIN(s), ) or as otherwise authorized under this Agreement. Deposits made at an ATM are subject to verification by us and may only be credited or withdrawn in accordance with our funds availability policy. “Delayed Funds Availability Policy.” Transactions accomplished after the close of normal business each day shall be deemed to have occurred on our next business day. We are not responsible for delays in a deposit due to improper identification on the deposit envelope or improper keying of your transaction. Information accompanying a deposit should include your name, our name, your member number, and where you want to which account the deposit belongs. For any questions or assistance with your deposit to goaccounts or services, please contact us at 000.000.0000 or visit our website at xxxxxxxxx.xxx. If you make a deposit to Rev. 01/18 WHAT DOES AMERICAN FIRST CREDIT UNION DO WITH YOUR PERSONAL INFORMATION? FACTS Why? Financial companies choose how they share your checking account with us, the checking account deposit slip should be includedpersonal information. ADDITIONAL DISCLOSURES APPLICABLE TO VISA DEBIT CARD TRANSACTIONS In this section, “Card” refers to your F&A Federal Credit Union Visa Debit Card that is linked to your checking account, and any duplicates, renewals, or substitutions the Credit Union issues to you, unless otherwise noted. The disclosures in this section apply to the use of your Card to conduct electronic fund transfers, including, but not limited to, use of the Card at ATMs and POS terminals. By use of your Card at a participating POS terminal, you authorize us to make withdrawals from your checking account for cash advances and/or purchases. Access to ATMs is through the use of a Card and a Personal Identification Number (PIN) that we will provide you. Account Access - You may use your Card to withdraw cash from your checking account by way of a cash advance from merchants, financial institutions, or others who honor the Card and/or pay for purchases from merchants, financial institutions, and others who honor the Card. You may also use your Card to withdraw cash from your share account using an ATM. However, we are not responsible for the refusal or inability of any ATM or POS terminal, merchant, or financial institution to honor the Card, to complete a transaction, or for their retention of the Card. You understand that your Card is not a credit card and does not provide “credit” which means that you may not defer payment of Card transactions. You understand that you can authorize us to link your Card to an overdraft protection source, including, but not limited to, a share account, a money market account, or line of credit, for funds availability purposes. However, we reserve law gives consumers the right to expand or restrict the limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. What? The types of accounts that may be linked personal information we collect and share depend on the product or service you have with us. This information can include: • Social Security number and income • Account balances and payment history • Credit history and credit score How? All financial companies need to share members’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their members’ personal information; the reasons American First chooses to share; and whether you can limit this sharing. Reasons we can share your personal information Does American First share? Can you limit this sharing? For our everyday business purposes – such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus YES NO For our marketing purposes – to offer our products and services to you YES YES For joint marketing with other financial companies – YES YES For our affiliates’ everyday business purposes – information about your transactions and experiences NO We don’t share For our affiliates’ everyday business purposes – information about your creditworthiness NO We don’t share For our affiliates to market to you NO We don’t share For non-affiliates to market to you YES YES • Call toll-free 000.000.0000 to speak with a Member Service Representative • Fill out the opt-out form below and mail or bring it to your Card. Your Card may be used nearest American branch; or fax it to access American First Credit Union at 562.237.5111 • Email us at: Xxxxxxxxx@xxxxxxxxx.xxx If you are a new member, we can begin sharing your checking account from any merchant location where the VISA logo is displayed. You understand that some participating merchants (such as hotels, car rental companies, restaurants, or gas stations) may initiate electronic notices seeking validation of the Card and/or approval of the anticipated purchase amount. Such an anticipated purchase amount may exceed the amount of the actual purchase transaction. We may place a hold against your checking account for the anticipated amount. The hold may remain in effect information 45 days from the date we sent this notice. When you are no longer our member, we continue to share your information as described in this notice, however, you can contact us at any time the notice is received by us up to the time the merchant draft limit our sharing. To limit our sharing Call toll-free 000.000.0000 or other item is presentedgo to xxx.xxxxxxxxx.xxx Questions?  . The amount of the actual purchase transaction is then deducted from . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..  Opt-Out Member Notification Form If you have a joint account your checking account. The available balance in your checking account choice will be reduced by the amount of any transaction for which the merchant receives authorization from us, even if the documentation evidencing the transaction has not yet been received or processed by us. You agree that we are not responsible if we do not authorize or if we dishonor other POS, ATM, or check transactions drawn on your account while a hold is placed apply to everyone on your account. ATM Transactions and Limitations - Transaction types  Do not share my personal information with non-affiliates to market their products and services may be limited on certain ATMs on the systems which to me.  Do not share my personal information with other financial institutions to jointly market to me. Name Mail to: American First Credit Union 0 Xxxxxx Xxxxx Xxx 000 Xxxx, XX 00000-0000 Address City, State, Zip Account # Who we are not owned by us (non-Proprietary ATMs)Who is providing this notice? American First Credit Union What we do How does American First Credit Union protect my personal information? To protect your personal information from unauthorized access and use, such aswe use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. American First Credit Union regularly tests and assesses its information security measures to protect your information. How does American First Credit Union collect my personal information? We collect your personal information, for example, withdrawal limitswhen you: • open an account or deposit money • pay your bills or apply for a loan • use your credit or debit card We also collect your personal information from others, such as credit bureaus, affiliates, or other companies. Why can’t I limit all sharing? Federal law gives you the right to limit only: • sharing for affiliates’ everyday business purposes – information about your credit worthiness • affiliates from using your information to market to you • Sharing for non-affiliates to market to you State laws and individual companies may give you additional rights to limit sharing. [See below for more on your rights under state law.] What happens when I limit sharing for an account I hold jointly with someone else? Your choices will apply to everyone on your account. Definitions Affiliates Companies related by common ownership or control. They can be financial and nonfinancial companies. • American First Credit Union has no affiliates Nonaffiliates Companies not related by common ownership or control. They can be financial and nonfinancial companies. • Nonaffiliates we share with include investment, insurance, and other financial services companies Joint Marketing A formal agreement between nonaffiliated financial companies that together market financial products or services to you. • Our joint marketing partners include investment, insurance, and other financial services companies The California Financial Information Privacy Act (FIPA), Financial Code §§ 4050-4060, gives California consumers additional rights to limit the sharing of their personal financial information by financial service companies doing business in California. Under California law, financial service companies must get your permission first, before they can share your personal financial information with outside companies. This does not apply to sharing with outside companies that offer financial products or services. You have a right to “opt-out” of information sharing with outside companies for those purposes. If you are a transaction or service type is not availableCalifornia resident, we have attached a form entitled, “Important Privacy Choices for Consumers” that includes details on how you can further limit our information sharing under California law. Other important Information Rev. 01/18 Important Privacy Choices for Consumers Applies to California Residents Only As a member of American First Credit Union, you have the attempted transaction will generally be refused as an invalid transactionright to control whether we share some of your personal information. You can use your Card to perform Please read the following ATM transactions:information carefully before you make your choices below.

Appears in 1 contract

Samples: Account Agreement

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Restrictions on Electronic Funds Transfers. Any combination of preauthorizedpre-authorized, automatic, or telephone withdrawals or transfers from share accounts Savings, Money Market, or Term Share Accounts are limited to no more than six (6) transfers in each calendar monthstatement period. However, you I may make an unlimited number of withdrawals from or transfers among your my own share accounts Accounts by mail, messenger, or in person at the Credit Union or at an ATM, subject to any limitations set forth in this Agreement. You I may also make an unlimited number of withdrawals from your share accounts through the Credit Union’s TellerTone24sm Audio Response System, F&A@ HOMEKFCU Anytime Access System, Mobile Banking or by telephone if you I request that we you send you me a check. Transfers or withdrawals in excess of the above limitations may be assessed a fee and may be closed. Business Accounts The error resolution and liability provisions of this Electronic Fund Transfers section, as well as those on the back of periodic statements, do not apply to business accounts or to any accounts that are not established primarily for personal, family, or household purposes. Authorized representatives of businesses must notify the Credit Union immediately of any unauthorized transactions or errors, and send you a written notice of the problem within a reasonable time (not to exceed 14 days of the date of discovery or receipt of the first statement or notice reflecting the problem, whichever occurs first). Under no circumstances will not the Credit Union be honoredliable for any special or consequential damages involving business accounts. Verification - All transactions affected by The business entity for which a card is issued will assume sole responsibility for any unauthorized use of ATMsits check(s), POS terminalsCard(s), Electronic Check Transaction, TellerTone24sm Audio Response System, X&X@XXXX, Mobile Banking or other electronic transaction contemplated hereunder which would otherwise require your actual signature, or other authorization, shall be valid and effective as if actually signed by you when accomplished by use of an Electronic Check Transaction, the Card(s) and/or PIN(s), or as otherwise authorized under this Agreementand shall indemnify and hold the Credit Union harmless from and against any and all claims, actions, proceedings, losses, damages, and expenses (including attorneys’ fees and expenses) arising out of any unauthorized transactions. Deposits made at an ATM are subject to verification by us and may only be credited or withdrawn in accordance with our funds availability policy. Transactions accomplished after the close of normal business each day shall be deemed to have occurred on our next business day. We are not responsible for delays in a deposit due to improper identification on the deposit envelope or improper keying of your a transaction. Information accompanying a deposit This identification should exceed 14 days of the date of discovery or receipt of the first statement or notice include your my name, our the Credit Union’s name, your member my account number, dollar amount of reflecting the problem, whichever occurs first). Under no circumstances will the deposit, and where you I want your the deposit to go. If you make a deposit to your checking account with us, the checking account deposit slip should be included. ADDITIONAL DISCLOSURES APPLICABLE TO VISA DEBIT CARD TRANSACTIONS In this section, “Card” refers to your F&A Federal Credit Union Visa Debit Card that be liable for any special or consequential damages involving busi- Regulation “D” Restrictions on Electronic Funds Transfers. Any combination ness accounts. The business entity for which a card is linked to your checking accountissued will assume sole of pre-authorized, and any duplicates, renewalsautomatic, or substitutions telephone withdrawals or transfers from Savings, responsibility for any unauthorized use of its check(s), Card(s), and/or PIN(s), Money Market, or Term Share Accounts are limited to no more than six (6) transfers and shall indemnify and hold the Credit Union issues to youharmless from and against any in each statement period. and all claims, unless otherwise noted. The disclosures in this section apply to the use actions, proceedings, losses, damages, and expenses (including However, I may make an unlimited number of your Card to conduct electronic fund transfers, including, but not limited to, use of the Card at ATMs and POS terminals. By use of your Card at a participating POS terminal, you authorize us to make withdrawals from your checking account for cash advances and/or purchasesor transfers among attorneys’ fees and expenses) arising out of any unauthorized transactions. Access to ATMs is through the use of a Card and a Personal Identification Number (PIN) that we will provide you. Account Access - You may use your Card to withdraw cash from your checking account my own Accounts by way of a cash advance from merchantsmail, financial institutionsmessenger, or others who honor in person at the Card and/or pay for purchases from merchants, financial institutions, and others who honor the Card. You may also use your Card to withdraw cash from your share account using Credit Union or at an ATM. HoweverI may also make an unlimited number of withdrawals through the Credit Union’s Audio Response System, we are not responsible for the refusal or inability of any ATM or POS terminal, merchantKFCU Anytime Access System, or financial institution to honor the Card, to complete by telephone if I request that you send me a transaction, check. Transfers or for their retention withdrawals in excess of the Card. You understand that your Card is not a credit card and does not provide “credit” which means that you may not defer payment of Card transactions. You understand that you can authorize us to link your Card to an overdraft protection source, including, but not limited to, a share account, a money market account, or line of credit, for funds availability purposes. However, we reserve the right to expand or restrict the types of accounts that above limitations may be linked to your Card. Your Card assessed a fee and may be used to access your checking account from any merchant location where the VISA logo is displayed. You understand that some participating merchants (such as hotels, car rental companies, restaurants, or gas stations) may initiate electronic notices seeking validation of the Card and/or approval of the anticipated purchase amount. Such an anticipated purchase amount may exceed the amount of the actual purchase transaction. We may place a hold against your checking account for the anticipated amount. The hold may remain in effect from the time the notice is received by us up to the time the merchant draft or other item is presented. The amount of the actual purchase transaction is then deducted from your checking account. The available balance in your checking account will be reduced by the amount of any transaction for which the merchant receives authorization from us, even if the documentation evidencing the transaction has not yet been received or processed by us. You agree that we are not responsible if we do not authorize or if we dishonor other POS, ATM, or check transactions drawn on your account while a hold is placed on your account. ATM Transactions and Limitations - Transaction types and services may be limited on certain ATMs on the systems which are not owned by us (non-Proprietary ATMs), such as, for example, withdrawal limits. If a transaction or service type is not available, the attempted transaction will generally be refused as an invalid transaction. You can use your Card to perform the following ATM transactions:closed.

Appears in 1 contract

Samples: Account Agreement and Truth

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