Types of Electronic Funds Transfers. Electronic fund transfers can be made to or from the deposit Accounts that You have with Us (Account) by: (1) preautho- rized transfers, (2) electronic check conversions, (3) telephone transfers, (4) on-line transfers or bill payment through the use of our internet banking services, (5) transactions to other payees You have initiated via the Internet or telephone, (6) transactions initiated at automated teller machines (ATMs) through the use of an ATM card or Visa Debit Card (Card)
Types of Electronic Funds Transfers. You may use your Resource® card/Resource Plus® card to initiate the following transactions:
Types of Electronic Funds Transfers. An “electronic funds transfer” is any transaction that is accomplished electronically to debit or credit a consumer account, as well as all transfers resulting from ATM or debit Card transactions. Examples of electronic funds transfers include the following: • Electronic funds transfers initiated by or to third parties (including preauthorized credits, debits, or payments); • Electronic transfers using your Account number, such as employer payroll, government benefits or other direct deposits or bill payments to third parties; • Telephone transfers; • ATM transfers; • Card transactions, including purchase transactions; • Online banking transfers, including online bill pay transactions; and • Mobile banking transfers, including Zelle® payment transactions.
Types of Electronic Funds Transfers. Electronic Funds Transfers that you Authorize: You may authorize a third-party to initiate an electronic funds transfer to debit or credit your account, either on a one-time basis or on a recurring basis. To initiate such a transfer, you must provide the third-party with your account number and Credit Union information. You should provide your account information to trusted third parties only. These transfers may use ACH or other payment networks. Examples of these transfers include (but are not limited to): • Preauthorized Credits - You may arrange for certain direct deposits to be accepted into your Credit Union savings or checking account. • Preauthorized Payments - You may make recurring payments from your checking account. • Electronic Check Conversion Transactions - When you purchase goods or pay for services and other bills, you may authorize a merchant or service provider to convert your paper check into an electronic funds transfer.
Types of Electronic Funds Transfers. The following are types of electronic funds transactions available to you. Please note that not all services may be available at all terminals. Additionally, you may have chosen to limit electronic access to only some of your Accounts. Preauthorized Credits You may make arrangements with third parties for certain direct deposits to be made to your checking, money market, or savings Account(s).
Types of Electronic Funds Transfers. Electronic Funds Transfers initiated by or to third parties (preauthorized credits, Debits or payments, Debits originated by a third party card) • Electronic Check Conversions (XXX), including Returned Item Fees • First Midwest Bank-Line or telephone transfers • Card transactions, including purchase transactions • Business Express Online Banking
Types of Electronic Funds Transfers. I can authorize a third party, such as a merchant or other company, to (a) initiate recurring payments at substantially regular intervals from my Account, such as to pay my mortgage or other bills; (b) initiate a one-time payment from my Account in accordance with the ACH rules for prearranged payment and deposit entries; (c) initiate a one-time payment from my Account for a transaction I am making by telephone; or (d) initiate recurring or one-time payments from my Account for a transaction I am making over the Internet (collectively, Transactions). The other types of ACH transactions I can make are listed in the section titled “ACH Transactions,” but generally they are not subject to the EFTA.
Types of Electronic Funds Transfers. You may use your Resource® card/Resource Plus® card to initiate the following transactions: (a) withdraw cash from your checking or savings account; (b) transfer funds between your checking, savings and Home Equity Line of Credit accounts in the amount you request; (c) deposit cash or checks in your checking or savings account; (d) obtain checking and/or savings account balance information; (e) pay for various purchases. You may authorize a merchant or other payee to make a one-time electronic payment from your checking account using information from your check to:
Types of Electronic Funds Transfers. Available You may arrange with another party, such as your employer or a government agency, to electronically deposit funds on a one-time or recurring basis directly to your Account.
Types of Electronic Funds Transfers. Electronic fund transfers can be made to or from the deposit Accounts that You have with Us (Account) by: (1) preautho- rized transfers, (2) electronic check conversions, (3) telephone transfers, (4) on-line transfers or bill payment through the use of our internet banking services, (5) transactions to other pay- ees You have initiated via the Internet or telephone, (6) trans- actions initiated at automated teller machines (ATMs) through the use of an ATM card or Visa Debit Card (7) transactions initiated through mobile banking app and (8) transactions initi- ated at selected network Point of Sale (POS) terminals through the use of Your Card. The important information and disclo- sures set forth below apply to such electronic fund transfers, the accounts to which they are made and to Your Card.
