Electronic Fund Transfers if an “electronic fund transfer” described in Section 4 was a payment of $50.00 or more for goods or services, you have the right to require us to reverse such transfer and to re-credit your account with the full amount of the transfer, if (1) you tell us, within 4 calendar days after the date of the transfer, to make such a reversal, (2) you notify us that you have made a good faith attempt to resolve your dispute with the third party involved, and (3) you assure us that any returnable goods involved in the dispute will be returned. If you do these things in writing, you MUST send the letter to: WRITE us at: Wexford Community Credit Union 0000 Xxxxx Xxxxxxxx Xxxxxx XX Xxx 000 Xxxxxxxx, XX 00000-0000 or FAX us at: (000) 000-0000 or CALL (000) 000-0000 or 000-000-0000 (Michigan only) If you tell us orally that you want such a transfer reversed, you must send us a letter to confirm your reversal request, your notice of attempted resolution of the dispute, and your assurance to return any returnable goods involved. You are required to get this letter back to us within 3-5 calendar days after the date of your oral request for reversal. We reserve the right to impose a reasonable charge for handling such reversal requests and to increase such charges thereafter.
Electronic Fund Transfers. If we do not complete an “electronic fund transfer” as described in Section 4, to or from your accounts on time or in the correct amount according to our agreements 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 make the transfer. If there is not enough money in your account, in excess of amounts you have pledged to us as collateral for a loan, to make the transfer. If funds in your account are subject to garnishment or other legal process. If we have, because of your default on a loan, exercised our rights against the funds in a pledged account. If the transfer would go over the credit limit on your overdraft line. If the automated teller machine where you made the transfer did not have cash. If circumstances beyond our control, such as fire or flood, prevent the transfer, despite reasonable precautions we have taken. We will also be excused from such liability if you fail to observe the terms of this agreement, or our account agreements with you, which relate to such “electronic funds transfers”.
Electronic Fund Transfers has the same meaning as in Regulation E (12 CFR 1005) and includes consumer ATM withdrawals, preauthorized transactions, point of sale transactions and transfers to and from accounts using telephone or computer.
Examples of Electronic Fund Transfers in a sentence
Multiple signatures, electronic check conversion, and similar transactions - An electronic check conversion transaction is a transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation.
Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which may not apply to your account.
You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you w aive any requirement of multiple signatures for w ithdraw al.
An electronic check conversion transaction is a transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation (Federal Regulation E).
Notwithstanding anything to the contrary in this Agreement, liability under this Agreement related to unauthorized transactions on consumer accounts will be governed by the Electronic Fund Transfers notice provided to you at account opening.
More Definitions of Electronic Fund Transfers
Electronic Fund Transfers and “EFT” means any transfer of funds you make or request through an electronic terminal, telephone, or computer or magnetic tape for the purpose of ordering, instructing or authorizing us to process a Debit or Credit to your Account. EFTs include without limitation ATM transactions, Debit Card transactions and ACH transactions.
Electronic Fund Transfers. We reserve the right to impose fees and to thereafter charge them, if we deem it necessary. We will give you at least 21 days advance written notice before imposing or increasing any such fees.
Electronic Fund Transfers. As to transactions other than those made at an AUTOMATED TELLER MACHINE and/or POINT OF SALE, there are no limitations as to how often you make “electronic fund transfers” as described in Section 4. Nor are there any restrictions as to the dollar amount of any one “electronic fund transfer” as long as it is at least $1.00. We reserve the right to impose any such restrictions in the future as we deem reasonable, but we will give you at least 21 days advance written notice before doing so. Limitations at an AUTOMATED TELLER MACHINE and/or POINT OF SALE are disclosed in Section 19.
Electronic Fund Transfers. CALL: (000) 000-0000 or 000-000-0000 (Michigan Only) or WRITE us at: Wexford Community Credit Union 0000 Xxxxx Xxxxxxxx Xxxxxx XX Xxx 000 Xxxxxxxx, XX 00000-0000 or FAX us at: (000) 000-0000 Do this as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer listed on the statement or receipt. We MUST hear from you no later than 60 after we sent the FIRST statement on which the problem or error appeared.
Electronic Fund Transfers means automated teller machine (ATM) withdrawals, preauthorized transactions, point-of-sale transactions, transfers to and from your CFCU accounts. "Caribe Online" means the services provided pursuant to this Agreement. "Business days" means Monday through Friday. Holidays are not included.
Electronic Fund Transfers. If an EFT described in Subsection D was a payment of $50 or more for goods or services to a third party, you have the right to require us to reverse such transfer and to credit your account with the full amount of the transfer if (i) you tell us, within four (4) calendar days after the date of the transfer, to make such a reversal, (ii) you notify us that you have made a good faith attempt to resolve your dispute with the third party involved, and (iii) you assure us that any returnable goods involved in the dispute will be returned. If you do these things in writing, you MUST send the letter to: Attention: Member Support Services Department Financial Plus Credit Union
Electronic Fund Transfers. We describe the types of electronic fund transfers you can make through our various Electronic Funds Transfer Services in Section 4 above. With respect to certain accounts, there are limitations as to how many automatic transfers you are allowed to make to third parties (i.e. mortgage payments or insurance premiums). No more than six (6) such transfers may be made from these accounts during any single statement period. Please refer to your account agreement to determine if this account limitation applies. Aside from that limitation, and as to transactions other than those made at an ATM, there are, at the present time, no limitations as to how often you can make “electronic fund transfers,” nor is there any restriction as to the dollar amount of any one “electronic fund transfer.” We reserve the right to impose any such restrictions in the future as we deem reasonable, but we will give you at least 21 days advance written notice. Please refer to Section 21 for limitations that apply to ATM transactions.