Educational Employees Credit Union MASTER ACCOUNT AGREEMENT & DISCLOSURE
|
|
- Jayson Gregory
- 8 years ago
- Views:
Transcription
1 Educational Employees Credit Union MASTER ACCOUNT AGREEMENT & DISCLOSURE
2
3 CONTENTS 04 INTRODUCTION Eligibility for Membership and Services GENERAL AGREEMENTS Consent to Account Agreements...04 Governing Provisions/Changes in Terms...05 Member Numbers...05 Minimum Balance Requirements...06 Share Insurance...06 Voting Privileges...06 Business Days...06 Statements/Permanent Records...07 Tax ID Number and Withholding Change of Address/Contact Information...08 California Unclaimed Property Law...08 Error Resolution...08 Prohibition on Illegal Activity...08 Our Right to Freeze Accounts and Loans or Block Transactions...09 Our Right of Offset...09 Member Conduct Policy...09 TRUTH IN SAVINGS DISCLOSURE Regular Savings Account...10 Savings Sub-Share Accounts...10 Holiday Wise Club Account...10 Minor Account...10 Checking Account...10 Certificate Accounts...10 Individual Retirement Accounts (IRAs)...10 GENERAL ACCOUNT TERMS Account Transactions...11 Endorsements and Right to Supply Missing Endorsements...12 Your Responsibility for Deposited Items...12 Credit Union Official Checks...13 YOUR CREDIT UNION ACCOUNTS Earnings and Payment of Dividends...14 Ownership of Accounts and Pay on Death Beneficiaries...14 DBA, Organization and Special Purpose Accounts...17 Fiduciary Accounts...17
4 17 SHARE DRAFT (CHECKING) ACCOUNT TRANSACTIONS Checks Honored...17 Laws and Rules Governing Checking Transactions...17 Stale Dated Checks...18 Post Dated Checks...18 Non-cash Deposits...18 ACH Conversion of Checks...18 Preauthorized Drafts...18 Check 21/Electronic Check Clearing...18 Non-Sufficient Funds Items...18 Overdraft Protection from Savings or Overdraft Loan...19 Platinum Overdraft...20 Stop Payments...20 Check Copies...21 Closing Your Checking Account...21 Privacy and Disclosure of Account Information..21 RELATED SERVICES Direct Deposit Services...23 Funds Transfer Services...23 Wire Transfers...23 Automated Clearing House Transactions...25 Automatic Transfer Service...26 Circumstances Beyond Our Control...26 ACCESS OPTIONS: ATM, PTA AND ONLINE ACCESS Automated Teller Machine Service (ATM)...26 Personal Telephone Access (PTA)...26 Online Access and Online Bill Pay...27 FUNDS AVAILABILITY POLICY Same Day Availability...27 Longer Delays May Apply...27 Special Rules for New Accounts...28 Your Liability...29
5 29 ELECTRONIC FUNDS TRANSFER DISCLOSURE AND AGREEMENT Confidentiality...29 Your Responsibility for Your Equipment...30 Documentation of Transactions...30 Our Liability...30 Your Liability for Unauthorized Transactions...31 Error Resolution...32 Business Days...32 Termination...32 Types of Preauthorized Payments (ACH Transfers)...33 Stop Payment on an ACH...34 WHAT TO TELL US IN CASE OF ERROR OR INQUIRY HOW TO CONTACT US By Phone...35 Member Service Center Hours...35 Evenings or Weekends...35 Write Us...35 PRECAUTIONS AND SAFETY TIPS ATM Safety...36 ATM, Visa Debit Card, and Visa Credit Card Tips...36 Phishing and Other Account Security Compromises...37 Password Safety...37 PC Safety and Security...37
6 MASTER ACCOUNT DISCLOSURE INTRODUCTION Welcome to Educational Employees Credit Union and thank you for becoming a member. This Master Account Agreement and Disclosure ( Agreement ) governs your membership in EECU and the accounts you open and maintain with us. The Membership Application you complete and the current versions of our Truth in Savings Disclosure and Schedule of Fees also govern your membership and accounts. You may also receive separate or supplemental disclosures and agreements for some of the services you request, such as loans and Online Banking. As used in this Agreement, EECU, Credit Union and we refers to Educational Employees Credit Union. You and Your refer to the accountholder. Keep this Agreement, your Truth in Savings Disclosure, Schedule of Fees and any notices we send you changing the terms of these documents with your permanent records. We will send you periodic statements that will let you know the status of your accounts. Eligibility for Membership and Services If you are within our field of membership, have no significant derogatory financial institution history, and satisfy our customer identification requirements, you can join the Credit Union by completing the Membership Application and depositing the required minimum balance to a regular savings account. Your membership makes you a shareholder/ owner of the Credit Union and entitles you to apply for all of our account and loan services. The par value of a share is $5.00. Minors in our field of membership may be required to have a responsible adult joint owner to open a Credit Union account. If you have questions about membership eligibility, please ask a Member Service Representative. GENERAL AGREEMENTS Consent to Account Agreements By signing a Membership Application and depositing the required minimum balance to a regular savings account or meeting any other membership requirement that may be established by the Board from time to time, you acknowledge that you have received, read, understood and consented to the terms of this Agreement, the current Truth in Savings Disclosure applicable to any account you have opened, and our current Schedule of Fees. If you are missing any of these documents, you can review them online at or request copies from any of our employees. You will consent to the specific terms of Credit Union loan products by signing applications for or credit agreements governing those products. The singular implies the plural if more than one person signs the Membership Application. Any person who becomes an agent on a Credit Union account agrees to comply with the terms of the governing account or agreement. Whenever you request a service, we have the right to review your credit and account history and other information we reasonably request. We can deny any service if we believe providing the service will cause us a 04
7 General Agreements loss or for any other lawful reason. We will not provide Credit Union services to any person who does not provide us with a valid U.S. taxpayer identification number or an IRS exemption certification. Governing Provisions/Changes in Terms Your membership and Credit Union services are governed by this Agreement, applicable California and federal laws and regulations, the Truth in Savings Disclosure, the current version of our Schedule of Fees, and the current version of our Bylaws. Credit Union loans are also governed by the applicable credit agreements and Truth in Lending Disclosures. To the extent any Truth in Savings Disclosure, Schedule of Fees, credit agreement, Truth in Lending Disclosure, Bylaw or change-in-terms notice is inconsistent with this Agreement, the more recent document shall control. Subject to applicable law, our agreements with you may be changed if (a) we send you a written change-in-terms notice that complies with applicable law, (b) we send you a revised version of this Agreement, a Truth in Savings Disclosure applicable to an account you have, or the Schedule of Fees, (c) you and our authorized representative agree to the change-in-terms in writing, or (d) a court to whose jurisdiction we are subject orders the change. We are not subject to court orders in actions to which we are not a party, such as divorce decrees. Documents such as sales receipts that you receive from third parties when you initiate transactions using Credit Union-issued devices (normally checks, credit cards, debit cards or ATM cards) may have terms printed on them. Those printed terms will not affect your agreements with us. A change-in-terms may include a change to an existing term, the addition of a new term, or the deletion of an old term. If you object to any change-in-terms, you can usually avoid its application by terminating the related Credit Union service. Change-in-term notices may appear in the Credit Union newsletter, your periodic statements or on separate notices we send you. If any provision of any agreement between you and us is found by a court of competent jurisdiction to be unenforceable, the remaining provisions of the agreement will continue in effect. Member Numbers Each individual or entity joining the Credit Union is assigned a unique member number or account number which accesses a savings account. Your savings account establishes your membership and is your core Credit Union account. You can establish additional sub-accounts, such as checking and certificate accounts, under the same member number as your savings account. A suffix is added to the member number to identify each different sub-account type you maintain. If a Membership Application includes one or more joint owners, all share, subshare, share draft and certificate accounts established under the assigned member number will have the same ownership combination. If, after establishing accounts under a member number, the ownership of any account open under that number is changed, the ownership of 05
8 MASTER ACCOUNT DISCLOSURE all accounts under that number will also change to the new ownership. Example: If the sole owner of a savings account and a checking account maintained under the same member number adds a joint owner to the savings account, the joint owner will also be added to the checking account tied to that member number. Any change in account ownership or access shall be in writing on a standard Credit Union authorization form. We may require that signatures be notarized on any request for change. Credit Union loans are also tied to the core member number. A suffix number is added to the member number to identify the loan. Obligors on Credit Union loans will be determined by who signs the credit application or credit agreement. If you want accounts with different ownership combinations, you should establish a separate member number for each ownership combination. For example, if you want a savings account with your spouse but a checking account in your own name, open the savings account under one member number and the checking account under a different member number. Even if you have more than one member number, you will only be permitted one vote in Credit Union elections. We will allow you to have different obligors on loans associated with a single member number; however, periodic statements will be addressed to the primary owner of the regular savings account maintained under the member number. Minimum Balance Requirements To remain a member in good standing and be eligible to receive Credit Union services, you must maintain any minimum savings account balance specified by the Board in the current Truth in Savings Disclosure. If your savings account balance falls below the required minimum you must deposit sufficient funds to restore the minimum savings account balance. Share Insurance Your Credit Union accounts are federally insured by the National Credit Union Administration (NCUA), a U.S. government agency. Federal insurance levels vary depending on federal insurance limits approved by financial institution regulators, account type, account ownership combinations and pay on death beneficiary designations. Visit or ask a Member Service Representative for more information about federal account insurance. Voting Privileges Each member, regardless of the number of accounts or the amount of savings on deposit, has one vote in the annual election to fill vacancies on the Board of Directors and Supervisory Committee. The Board of Directors and Supervisory Committee are officials elected from the membership to govern the Credit Union. Voting privileges are not transferable. Business Days Our business days are Monday through Friday excluding holidays. Deposits and payments that you give us up to 5 p.m. Monday through Thursday at any branch will be credited to your accounts the same busi- 06
9 General Agreements ness day and up to 6 p.m. on Friday. Deposits made at a drop box after 3:30 p.m. will be credited to your account the following business day. Statements/Permanent Records Promptly review and reconcile statement and other communications you receive from us and contact us if you have questions or concerns. If you do not receive an expected statement, contact us promptly to request a copy. We will send you periodic statement covering all transactions on your accounts and credit lines with us. If you have a checking account or electronic funds transfer activity we send statement monthly; otherwise we send statements quarterly. Your periodic statement may also include information about closed-end consumer loans such as auto loans. You agree that delivery of a periodic statement to the member on an account or loan constitutes delivery of the statement to all owners for the account and all obligors on the loan. If you enroll in e-statements, we will notify you by when statement and other communications are available for retrieval on our secure website and you are responsible for collecting them. We will have no liability or responsibility for communications that you do not retrieve or that are lost, damaged or mis-delivered by the U.S. mail or other third party delivery service. Tax ID Number and Withholding The certified and correct Tax Identification Number (TIN) of the primary accountholder and each joint owner must be provided for each account. For personal accounts, required tax information will be reported to the Internal Revenue Service (IRS) under the primary accountholder name and TIN. Any charge assessed by the Internal Revenue Service for an incorrect TIN may be charged to your account. We may withhold from your dividends amounts required by Federal Tax laws if you or the IRS advise us that you are subject to back up withholding or if you fail to provide your correct TIN. communication allows you to send and receive electronic mail messages to and from the Credit Union. The Credit Union will not immediately receive and review messages that you send and will NOT process any request for a funds transfer via . Further, the Credit Union may not act upon requests where written notification or your authorizing signature would normally be required without first confirming the authenticity of the request. These may include stop payment requests, PIN replacement requests, reports of lost/stolen ATM or Visa cards, address change requests and lost/stolen PIN or unauthorized transaction reports (refer to the Your Liability for Unauthorized Transactions section). In some instances, written confirmation reflecting your authorizing signature may still be required. The Credit Union will not take action based on other requests until the Credit Union actually receives your message and has a reasonable opportunity to act. 07
10 MASTER ACCOUNT DISCLOSURE Change of Address/Contact Information You agree to keep us informed of your current physical and mailing addresses and to promptly notify us in writing of any change of address. If you choose to receive communications from us via , and our messages to you are returned as undeliverable, we will attempt to reach you at any alternate or postal address we have for you in our records. If paper or electronic correspondence is returned to us as undeliverable at the addresses we have for you, we are not required to continue to attempt to send paper or electronic mail to bad addresses. If you fail to notify us of a change in your physical or mailing address, we may charge a locator fee. You agree that we may contact you at any home, work or cell phone number, address, mailing address or physical address that you provide when opening the account or at any later date. California Unclaimed Property Law If for three years (or the period called for by your state law if the address we have for you in our records if outside California), you initiate no communication with us and there is no activity on any Credit Union account of yours other than posting of dividends and deduction of fees, any account balances you have will be deemed abandoned and subject to forfeiture to the State of California (or your state of residence in our records), we will mail you notice required by applicable law that your funds will be subject to escheat if you do not contact us. Error Resolution Please review your statement promptly to be sure there are no errors. The Credit Union will be responsible for any errors which we make provided you notify us in writing within 30 days of the mailing of the statement containing the error. We will not be liable for our mistakes if you fail to notify us within the 30 day period. If we correct any error that we made, or accept any responsibility for a transaction, we have the right to collect the amount credited to your account from anyone else who is responsible. Our crediting your account will result in an automatic assignment to us of your rights to collect the amount from anyone else. If we make a careless error in handling your account, our liability will be limited to the actual damages. The maximum actual damage is the amount of the check. We will not be liable for consequential damages such as alleged harm to your credit standing, unrealized profits, emotional distress, or exemplary damages due to a claimed reckless disregard of the consequence of our actions. Prohibition on Illegal Activity You agree not to use any Credit Union products, devices or services to conduct illegal transactions. We can refuse to conduct transactions initiated on your accounts if we reasonably believe them to be illegal, but we have no obligation to determine the legality of transactions initiated by authorized persons. You cannot use the actual or alleged illegality of 08
11 General Agreements authorized transactions as a defense to your obligation to pay amounts you become indebted to us as a result of those transactions. Our Right to Freeze Accounts and Loans or Block Transactions We can freeze accounts and loans or refuse to complete transactions if any authorized person is in default on any material obligation to us, if we reasonably believe that allowing the requested transaction will cause us a loss or if we discover fraud or a breach of the Agreement. We may block accounts or decline transactions consistent with requirements imposed by laws, regulations or government agency directives. In case of conflicting instructions, we reserve the right but do not undertake the duty to freeze funds in any account or refuse to make loan advances until we receive consistent written instructions from all authorized persons or a valid order from a court of competent jurisdiction. Our Right of Offset If you owe us money, whether on a loan, because an item you deposited was returned unpaid causing a negative account balance, or for any other reason, and you fail to pay what you owe us consistent with your agreement with us or upon our lawful written demand, you agree that we can take any Credit Union shares in which you have an ownership interest (unless prohibited by law or the share agreement) to recover all or part of what you owe us without further notice to you. On joint accounts, our right of offset applies to all funds in the account if any owner of an account is in default on a payment obligation to us. If we exercise our rights under this provision, you agree that we are not electing a remedy or in any way waiving our rights to take other lawful action to collect any amount you still owe us. This consent is in addition to any right we have to impress a lien on shares under the California Financial Code or other applicable law. We are not subject to agreements between or among joint owners regarding ownership of funds in joint accounts. Member Conduct Policy For the safety and comfort of our staff, volunteers and members the Board has adopted a Member Conduct Policy. You must abide by the Member Conduct Policy. Under the Member Conduct Policy, you agree to conduct your Credit Union business in a civil and businesslike way. You should expect quality service and attention from us. We will not, however, tolerate verbal or physical harassment or abuse, disruptive behavior or violence or threats of violence. Visibly intoxicated persons or persons carrying weapons are not permitted on Credit Union premises. Breach of the Member Conduct Policy may result in the breaching individual being denied access to branches or other services, or expulsion from the Credit Union. In addition, we may seek a judicial restraining order if we reasonably deem it necessary for the protection of our staff, volunteers and members. If we obtain such an order against you, we may seek reimbursement of our reasonable attorney s fees and costs, which will bear interest at the legal rate. 09
12 MASTER ACCOUNT DISCLOSURE TRUTH IN SAVINGS DISCLOSURE The separate Truth in Savings Disclosure and Schedule of Fees (which may be combined in a single document or printed separately) are given to you when you open a new sub-account and provide current terms including required balances, dividend rates and transaction limits. The effective date of each Truth in Savings Disclosure and Schedule of Fees is printed on it. Your periodic statements will provide required information on established accounts, such as dividend rates, dividends earned and fees assessed. You will receive notice required by law of any changes to rates, terms or fees on your accounts. In most cases, rate changes are reflected on your periodic statements only. Regular Savings Account (Suffix 0) A regular savings account with the minimum balance specified on the Truth in Savings Disclosure is required to maintain membership. Savings Sub-Share Accounts (Suffix 2, 3, 4, 5 and 7) Savings sub-share accounts may be opened under your primary member number if you wish to maintain funds separately for a special purpose like a vacation or insurance payments. Holiday Wise Club Account (Suffix 1) This account lets you save money for the extra expenses of the holiday season with dividends and the account balance paid out near the end of the calendar year. Minor Account (Suffix 6) Young members under the age of 18 can participate in our special youth programs which give them the opportunity to acquire financial literacy and learn to manage accounts responsibly. Youth accounts owned by minors may require an adult joint owner. Checking Account (Suffix 8) Regular Checking offers a full range of checking and electronic services. A responsible adult joint owner may be required for members under the age of 18. Second Chance Checking offers services to members with a negative checking account or check writing history. Certificate Accounts Certificate accounts typically offer our highest rate of return for a specific period. The term length, dividend rate and annual percentage yield are set when you open the account. Certificates can be opened on personal, organization, fiduciary or IRA accounts. Individual Retirement Accounts (IRAs) A Traditional IRA or Roth IRA may offer tax-deductible contributions or tax-deferred or tax-free earnings. IRA funds can be maintained in savings or certificate accounts on a separate account number. Tax penalties may apply to early withdrawals. Consult a tax advisor. 10
13 General Account Terms GENERAL ACCOUNT TERMS Account Transactions We may refuse to honor your instructions if we are uncertain of your signature or if the signature appears to be altered or not authentic. All accounts are subject to fees as outlined in the initial disclosure and Schedule of Fees. We may debit your account for applicable fees without your written approval. The use of Electronic Funds Transfer (EFT), ATM, Visa Debit Card, or Personal Telephone Access (PTA) is governed by the Electronic Funds Transfer Agreement and Disclosure Statement. The use of Online Access and Online Bill Pay are governed by the Online Access Agreement and Disclosure. Anyone who signed the account signatures portion of the Membership Application is authorized to deposit or withdraw savings from the account. Any payment or transaction authorized by you shall be considered valid. You agree to indemnify and hold the Credit Union harmless from any suits or liability directly or indirectly resulting from the handling of the account consistent with the instructions of any authorized person. All owners on an account will be responsible for all overdrafts, whether or not they signed the item or benefited from the overdraft. Deposits can be made by Direct Deposit, Payroll Deduction, ATM, EFT/ ACH, Remote Deposit Capture, PTA, Online Access, wire transfer or deposit-sharing network ATMs. They can be made in person or by mail. All deposits will be subject to the Funds Availability Policy section of this Agreement. Some deposit methods may not be available on special purpose accounts like IRAs and Trusts. Withdrawals can be made by you by ATM, EFT/ACH, PTA, Online Access, Online Bill Pay, preauthorized one-time or recurring transfer, wire transfer request, telephone or by using your Visa Debit Card at point-ofsale (POS) terminals and participating Visa merchants. They can also be made by check if you have a checking account. They can be made in person or by mail. Withdrawals made by PTA, Online Access, Online Bill Pay or telephone will be payable to the primary accountholder and will be mailed to the address in the Credit Union s records. Some withdrawal methods may not be available on special purpose accounts like IRAs and Trusts. There is no limit to the number of withdrawals or transfers you can make by ATM or at our teller windows. However, government regulations limit the number of non-personal withdrawals/transfers from any savings account to six per month. Non-personal withdrawals/transfers are defined as automatic overdrafts, phone/fax transfers to a third party, transfers made through PTA, Online Access, Online Bill Pay, and preauthorized automatic ACH transfers. As a financial institution governed by the State of California the Credit Union is required to report a cash deposit or withdrawal transaction over $10,000 to the Federal government as required under the Bank Secrecy 11
14 MASTER ACCOUNT DISCLOSURE Act. Under certain circumstances, transactions for lesser amounts may be reported. The Credit Union has the right to offset any debt you owe us with funds in any of your Credit Union accounts. If you do not timely pay any debt you owe us, you agree to reimburse us for our reasonable collection costs. If we have to sue you to collect any debt you owe us, whether related to a loan or an account you have with us or arising out of any other circumstance, you agree to pay our reasonable attorney s fees and costs of suit. The Board of Directors may establish a waiting period of up to 60 days for withdrawals. Endorsements and Right to Supply Missing Endorsements We may refuse to accept for deposit checks or other items that are staledated (more than six months old), lack proper endorsements, appear to have been altered, are not made payable to you or that we may otherwise reasonably determine could cause us a loss. However, we have no obligation to refuse items presented for deposit to your accounts. In general, we have the right to supply missing endorsements on noncash items as long as the items are deposited to accounts of persons to whom they are payable. We also have the right, but not the obligation, to refuse to accept for deposit items that are not properly endorsed. Items Payable to You Alone: We can accept these items for deposit to any account of which you are an owner in our records, whether or not you have endorsed the item, and whether the account to which it is deposited is shown on our records as a joint account or a single owner account. Items Payable to You or One or More Other Persons: We can accept these items for deposit to any account of which one of the payees is an owner in our records, regardless of whether any of the payees has endorsed the item and whether the account to which the item is deposited is shown in our records as a joint owner or single owner account. Items with more than one payee on which it is ambiguous as to whether the item is payable in the alternative (or) or only to all payees together (and) are considered payable in the alternative. Items Payable to You and One or More Other Persons: We can accept these items for deposit to any account on which you and all the other payees are joint owner in our records, regardless of whether any of the payees have endorsed the item. If all payees have endorsed the item for deposit to an account that any payee has with us, we can accept the item for deposit to that account even though all payees are not owners of the designated deposit account. Items Not Payable to You: If an item is not payable to you but has been endorsed over to you by the payee on the face of the item, we can refuse to accept the item for deposit to your account or require that the payee s financial institution provide an endorsement guarantee. Your Responsibility for Deposited Items We operate in an automated processing environment and do not physically examine items deposited to your accounts unless you deposit them 12
15 General Account Terms in person to a Credit Union teller. You agree to examine items you wish to deposit and bring to our attention any evident irregularities, such as obvious alterations or missing drawer signatures. You agree that you will be responsible for ensuring proper endorsement of deposited items. You will be responsible for and hold us harmless from any losses or costs we incur as a result of the deposit of items that are irregular on their face into an automated deposit processing environment such as an ATM. You agree to defend, indemnify and hold us harmless from any claims, losses, liability, damages or expenses we incur as a result of accepting an item for deposit to your accounts, unless we fail to exercise ordinary care under the circumstances in accepting the item. Our making funds available to you from a non-cash deposit is not a guarantee or representation by us that the item deposited to your account will be paid. All credits to your accounts are provisional until we receive final payment from the institution on which the item is drawn. If you are concerned about the validity of an item you want to deposit, you should contact the financial institution on which the item is drawn. No Credit Union employee has the expertise or authorization to give you an oral or written opinion or guarantee that an item you deposit will be paid and any such communication should be interpreted only as that employee s guess and not as a guarantee by that individual or by us. If the paying financial institution lawfully returns an item you deposit, we will deduct the amount of the item from your account, even if you have already withdrawn the funds and even if the deduction results in a negative balance. You must, upon our demand, immediately restore any negative balance that results from our deducting erroneous deposits or uncollected deposits from your accounts. You also agree to pay upon demand any cost or loss we incur as a result of accepting items for deposit to your accounts. If you do not do so, our Right of Offset applies. If we cannot restore the negative balance by exercising our Right of Offset, you agree that we have the right to recover collection costs. Exercise caution in entering into transactions or depositing items from unfamiliar sources as they may be fraudulent. If an item is deposited to your account from an unfamiliar source or in an amount you did not expect, delay withdrawing the funds even if we make the funds available to you. You will be responsible to us for any loss we incur, such as a negative balance in your account, if you withdraw funds from a deposited item that is later returned unpaid, even if you had no knowledge that the deposited item was fraudulent. Credit Union Official Checks We may allow you to withdraw funds from your account or take a loan advance by purchasing an official check from us. We are, under normal circumstances, guaranteeing payment of the official check. Official checks should be handled with great care as they are functional cash equivalents and payment cannot normally be stopped. We will accept a request for a refund or replacement of an official check only if you give us a written declaration under penalty of perjury stating 13
16 MASTER ACCOUNT DISCLOSURE that the official check was lost, stolen or destroyed before you negotiated it or delivered it to the payee. If the official check was lost, stolen or destroyed after delivery or attempted delivery to the payee, the payee must also sign a written declaration under penalty of perjury that the check was lost, stolen or destroyed before the payee negotiated it. If we receive the request after we have paid the official check, we will have no responsibility for the loss. We are not obligated to issue a replacement official check until 90 days after its date. We reserve the right to require you to post and pay for a lost instrument bond before we will issue a refund or replacement. We are discharged from further liability if we refund an official check by crediting the account or credit line from which you obtained the funds to purchase it, or if we replace the official check by issuing a new one. If a holder in due course presents the original official check for payment after we have refunded or replaced it, you must pay the amount of the original official check to the holder, or to us if we are required to pay the holder. If you do not pay upon our reasonable demand, you agree that our Right of Offset applies. If we cannot recover the amount by exercising our Right of Offset, you agree that our right to recover collection costs applies. YOUR CREDIT UNION ACCOUNTS Earnings and Payment of Dividends Credit Union accounts are share accounts and represent an ownership interest in the Credit Union. The earnings on your Credit Union accounts are called dividends. Not all Credit Union accounts earn dividends. See the current Truth in Savings Disclosure for dividend rates and Annual Percentage Yields (APY) on our accounts. The current Truth in Savings Disclosure includes dividend rates and APYs, dividend cycles, dividend calculation methods and other information about earnings and costs associated with your Credit Union accounts. Your periodic account statements will also disclose the dividend rate, APYE (Annual Percentage Yield Earned) and fees for each dividend-bearing account you maintain. Ownership of Accounts and Pay on Death Beneficiaries A member owns all accounts established under his or her member number. An account on which only the member is an owner is called an individual account. Accounts may, unless prohibited for the account type, have more than one owner. Such accounts are called joint accounts. At least one owner of each Credit Union account must be a member. Any owner may pledge funds in his or her account as security for a Credit Union loan, unless the account is prohibited from being pledged. For example, checking accounts and IRAs may not be pledged as security for loans. If any owner becomes indebted to us and does not meet his or her payment obligation, funds in any account of which he or she is an owner will be subject to our Right of Offset. 14
17 Your Credit Union Accounts Each owner of a Credit Union account will be subject to review of his or her financial institution history and must satisfy our Customer Identification Program requirements. Pay on Death Beneficiaries: Owners may designate pay-on-death beneficiaries (POD beneficiaries) on most Credit Union accounts, including DBA accounts, although they are not permitted on fiduciary or entity accounts. Designation of POD beneficiaries may increase federal account insurance coverage. If an account names no POD beneficiaries, funds pass upon the death of the owner (or all owners in the case of a joint account) to the estate. Until the death of all owners, POD beneficiaries have no right to or interest in the funds in accounts on which they are designated, no ability to control disposition of the funds and no right to information about the accounts. Under community property law (applicable in California), a married person may open an account with joint owners or POD beneficiaries other than his or her spouse without spousal consent. However, at the death of the married person, the spouse may assert claims against funds in the account that will affect surviving owners or POD beneficiaries claims to the funds. Although funds transfer automatically at death to any designated POD beneficiaries, a representative of a deceased owner s estate will be entitled to information about transactions on the account prior to the owner s death, including the account balance at the time of death and the identity of POD beneficiaries. Any disputes among owners, POD beneficiaries or third parties regarding rights to funds in your accounts must be resolved among the claimants without our involvement. Upon request by any owner or agent on an account, we will freeze funds in the account until we receive consistent written instructions from all owners and agents regarding disposition of funds in the account. Individual Account Ownership: On an individual account the person signing the Membership Application owns all the funds in the account and may deposit or withdraw any amount in the account. The owner may withdraw all funds and close the account. We will require that the minimum balance be maintained if there is an outstanding loan or VISA balance on the account or if the owner has an IRA, DBA or separate trust account with the Credit Union. Upon the death of the member, funds in the account pass, outside of any probate, will or trust of the member, to the POD beneficiaries, in equal shares unless the Membership Application specifies a different percentage. If there are no POD beneficiaries, funds pass to the owner s estate. Joint Account Ownership: On a joint account, each person signing the Membership Application owns all funds in the account, including all dividends, with right of survivorship. Right of survivorship means that when one owner dies, the funds are automatically owned by the 15
18 MASTER ACCOUNT DISCLOSURE remaining owner(s) of the account. We do not allow other forms of account ownership, such as community property or tenancy in common. All funds, including dividends, are jointly and equally owned by the account owners regardless of source or amount of contribution. Any owner or authorized person may deposit or withdraw any amount in any account of which he or she is an owner. Once any owner or authorized person withdraws funds from an account, the right of all other owners to the withdrawn funds terminates. We are not subject to agreements between or among account owners of joint accounts as to entitlement to the funds. Any dispute among owners of joint accounts regarding entitlement to funds must be resolved among the owners without our involvement. Any owner may terminate the other signer s rights by withdrawing all funds from and closing the account. We will require that the minimum balance be maintained if there is an outstanding loan or VISA balance on the account or if any member has an IRA, DBA or separate trust account with the Credit Union. Upon the death of the primary member on a joint account, the account may remain open and the account may be retitled if the joint accountholder is a spouse or registered domestic partner. Otherwise, the remaining owners must transfer funds to another Credit Union account. If none of the joint owners are eligible for membership the funds must be withdrawn and the account closed. On joint accounts with POD beneficiaries where the last surviving owner is the member, funds will pass at the death of the member to the designated POD beneficiaries in equal shares unless the Membership Application specifies a different percentage. If there are no POD beneficiaries, funds pass to owner s estate. Adding or Removing Account Owners and POD Beneficiaries: To add new owners to your accounts, you must complete an updated Membership Application, which must be signed by you and the new owner(s). The new owner(s) must satisfy our financial review and Customer Identification Program requirements. To remove owners from your accounts, either the owner being removed must consent in writing to the change or the account must be closed and funds transferred to a new member number. Non-member owners cannot open a Credit Union account under a new member number unless they are eligible, apply and are approved for membership. POD beneficiaries may be added, changed or removed at any time an account is open. To add, change or remove POD beneficiaries, an owner must sign a form approved by the Credit Union. The most recent Membership Application or POD beneficiary instructions on file with us will govern ownership and POD beneficiaries on your account(s) under that member number. For example, if you originally designated a POD beneficiary but your most recent updated Member Application does not name a POD beneficiary, we will assume that you want funds to pass to your estate at your death. 16
19 Share Draft (checking) Account Transactions DBA, Organization and Special Purpose Accounts We offer Doing Business As (DBA) accounts to help meet the needs of members who own small businesses and organization accounts for school affiliated organizations within our field of membership. These accounts may be subject to additional documentation requirements and restrictions. They have a separate account number and are subject to additional terms outlined in the DBA/Organization Account Agreement. We may decline to open a DBA or organization account, restrict services or close an existing account if, at our sole discretion, we do not believe we can efficiently service the business or organization account, the transaction volume becomes excessive, we discontinue or restrict the offering of this type of account or we, in our sole judgment, believe the account poses a risk to the Credit Union. Fiduciary Accounts We offer fiduciary accounts for trusts, conservatorships, guardianships, estates, Uniform Transfers to Minors and social security representative payees. Irrevocable trust accounts are not offered but may, under certain circumstances, be opened with special approval. Fiduciary accounts require separate applications and may be subject to additional documentation requirements. In addition to this Agreement, fiduciary accounts are governed by terms outlined in a separate agreement that relates to the specific type of account opened. In general, if a person is already a member, the following fiduciary accounts may be established under a separate account number: A revocable trust account where the member retains the power to revoke the trust or where the member is the beneficiary. A conservatorship account where the member is the conservatee. A guardianship account where the member is the ward. A Uniform Transfers to Minors Act account where the member is the minor beneficiary. A social security representative payee account where the member is the beneficiary. An estate account where the member is deceased. SHARE DRAFT (CHECKING) ACCOUNT TRANSACTIONS Checks Honored We will only honor completed, signed, and endorsed checks. We will not guarantee checks printed by other vendors. Spoiled checks should be destroyed or, if retained, voided. The carbon copy in the checkbook should also be marked void. Laws and Rules Governing Checking Transactions Checking transactions will be governed by the California Commercial Code, Federal Reserve Board Regulations and Credit Union procedures, as changed from time to time. 17
20 MASTER ACCOUNT DISCLOSURE Stale Dated Checks The Credit Union is under no obligation to pay a check on which the date is more than six months old. If we do pay it, we will not be liable to you for any costs or damages. Post Dated Checks Post dated checks may be cashed if presented by the payee before the date unless you have given us notice enough in advance to avoid paying the check until the date on the check. The notice is effective for six (6) months, if in writing (14 days if oral) and may be renewed for an additional six (6) month period. Non-cash Deposits Non-cash deposits are made available only after the times specified in the Funds Availability Policy section of this disclosure. Please observe these delays in writing checks on your account, unless you intend to rely on your overdraft protection. The Credit Union may refuse to accept for deposit checks that appear to have been altered or are not made payable to you. Account deposit tickets in the back of your checkbook should be used for all deposits. ACH Conversion of Checks In some cases, when you write a check to a merchant or send a check to a creditor to pay a bill, the check may be converted to an Electronic Funds Transfer (EFT). This will be debited against your account in the same manner as if we had received the actual paper check. Preauthorized Drafts A preauthorized draft is created when you give someone (such as a telemarketer or a creditor to whom you owe money) your checking account number and the routing and transit number and authorize them to debit your checking account for an agreed upon amount. Any preauthorized draft presented to the Credit Union after you have voluntarily given your checking account information to the payee is considered authorized by you, even though you have not signed a check. Check 21/Electronic Check Clearing Many checks you write will be processed electronically, with the result that checks written on your account can clear in a matter of minutes or hours. This makes it important that you do not write checks against deposits that have not yet become available (see the Funds Availability Policy) unless you intend to rely on available Overdraft Protection. Non-Sufficient Funds Items If you do not have enough money in your checking account to pay a check or other debit presented for payment we will consider that debit to be a Non-Sufficient Funds (NSF) item. A NSF fee as shown on the Schedule of Fees will be charged to your account for every NSF check or other transaction made with your checking account number, Automated Clearing House (ACH) debit or Online Bill Pay payment. Checks you write on insufficient funds may be re-presented by the payee for payment through the ACH system if the payee notifies you 18
21 SHARE DRAFT (CHECKING) ACCOUNT TRANSACTIONS of this possibility when you write the check. This is called a RCK Entry. Checks on which the signature is forged, altered checks, checks for over $2,500, checks returned for reasons other than NSFs or checks re-presented for than 180 days after their original date are not eligible for ACH re-presentment. We have the right to offset a returned NSF item with the proceeds of any other account in which you have an interest. The same rules apply if an item is returned for which you have obtained cash. Overdraft Protection from Savings or Overdraft Loan You can establish overdraft protection for your checking account by authorizing overdraft protection transfers from your savings account or by signing up for an open-end overdraft protection line of credit. As long as you have available funds in your designated savings account or have credit available on your line of credit and are not in default on any of your obligations to us, the overdraft will be paid. If you set up more than one overdraft protection source by agreement, we can choose the source(s) to access in any order. Overdraft protection from savings or an overdraft protection line of credit covers checking account debit transactions including checks and other transactions made using your checking account number, ACH debits, Online Bill Pay payments and Point of Sale transactions authorized with a PIN or signature. Overdraft Protection Savings Account Transfers: Overdraft protection transfers from savings accounts will be available only if you authorize them verbally or in writing. No more than six overdraft protection transfers from your regular savings account are permitted in any calendar month. Overdraft protection transfers will be made in $100 increments, unless there is less than $100 available in your savings account. If that happens, and your available savings balance is enough to cover the overdraft, the remaining savings account balance will be transferred. Transfers will not be made if the transfer would cause you to fall below any required minimum balance on the source account or would cause you to exceed your monthly transfer limits. Overdraft protection transfers may be subject to a transfer fee. Refer to the current Schedule of Fees. Overdraft Protection Loan Advances: Overdraft protection loan advances require that you apply for, be approved for, and open an overdraft protection line of credit. Any overdraft advance from an overdraft protection line of credit will begin to accrue finance charges as soon as it posts to the credit plan account, and may be subject to an overdraft advance fee. Refer to the applicable credit agreement for details. Overdraft protection advances will be made in $100 increments, unless your overdraft protection loan source does not have sufficient available credit. If your available credit is less than $100 but enough to cover your overdraft, the remaining available credit will be transferred. 19
22 MASTER ACCOUNT DISCLOSURE Platinum Overdraft Discretionary Overdraft Protection We may consider paying your NSF checks and other transactions made using your checking account number, ACH debits and Online Bill Pay payments by discretionary overdraft protection through our Platinum Overdraft service. Platinum Overdraft means that we may, at our sole discretion, pay an item over the amount available in your checking account with the expectation that you will immediately deposit an amount sufficient to restore your account to a positive balance. Platinum Overdraft is a discretionary service and we are under no obligation to pay items when your account does not have sufficient funds, even if previous NSF transactions were paid. Payment through the Platinum Overdraft service will only be considered after all other sources of overdraft protection have been exhausted or if you have not set up another form of overdraft protection. With the exception of NSF Point of Sale (POS) transactions, the NSF fee will be charged whether we pay the item or return it as NSF. Refer to the current Schedule of Fees. You may opt out of Platinum Overdraft at any time if you prefer that we return NSF items and not consider paying them. You can advise us of your wish to opt out verbally or in writing. Even if you do not opt out, we still reserve the right to return NSF debits when you do not have sufficient available funds. The Platinum Overdraft service may not be available in the following situations: (a) your checking account is new; (b) you are in default on any obligation you have to us; (c) in our sole judgment you have initiated too many checking account withdrawal transactions against insufficient funds; (d) the overdraft would cause your negative checking balance to exceed an amount determined by us; or (e) you have not opted in for the payment of POS transactions. Point of Sale (POS) Transactions: We will not authorize and pay everyday debit card POS transactions through Platinum Overdraft when there are insufficient funds in your account unless you ask us to do so ( opt in ). If you do not opt in these transactions will be declined. If you do opt-in and a transaction is presented against insufficient funds and we decide not to pay it, the NSF fee will be charged. Everyday debit card POS transactions include purchases at grocery stores, gas stations, restaurants and retail stores. If you want us to consider authorizing and paying overdrafts on your everyday debit card transactions you must let us know verbally or in writing. You may also opt in by visiting Stop Payments To stop payment on a check, you must notify us before we pay the check. Oral notification must be followed up by a written request within 14 days of the stop-payment request may lapse at our option. You can use Online Access to submit a stop-payment request and we will treat the request as a written request A written stop-payment request is valid of twelve (12) months after which it will lapse unless you renew it. We will process 20
Contents. Deposit Account Contract Part 2
Deposit Account Contract Part 2 1-800-750-0959 www.fivecounty.com Contents CONTRACT TERMS AND DISCLOSURES 1 1. This is a Contract between You and Your Credit Union 1 2. Organization of Your & Our Contract
More informationMEMBERSHIP AND ACCOUNT AGREEMENT
MEMBERSHIP AND ACCOUNT AGREEMENT This Agreement covers the rights and responsibilities concerning your accounts and the rights and responsibilities of the credit union providing this Agreement (credit
More informationMEMBERSHIP DISCLOSURES
MEMBERSHIP DISCLOSURES Privacy Disclosure Membership and Account Agreement Funds Availability Policy Disclosure Electronic Fund Transfers Agreement & Disclosure CUNA Mutual Group, 2011, ALL RIGHTS RESERVED
More informationIMPORTANT NOTICE. Table of Contents
Membership Guide IMPORTANT NOTICE The documents contained in this booklet are your permanent copies of Summit Credit Union s agreements and disclosures. Please keep them for your records. The table of
More informationACCOUNT DISCLOSURE AND TERMS & CONDITIONS
I N D E P E N D E N T B A N K ACCOUNT DISCLOSURE AND TERMS & CONDITIONS independent-bank.com T A B L E O F C O N T E N T S Personal Accounts Rewards Checking... 2 Free Checking... 2 Personal Checking...
More informationMEMBERSHIP AND ACCOUNT AGREEMENT
MEMBERSHIP AND ACCOUNT AGREEMENT This Agreement covers the rights and responsibilities concerning your accounts and the rights and responsibilities of the credit union providing this Agreement (credit
More informationTABLE OF CONTENTS MEMBERSHIP AND ACCOUNT AGREEMENT 1 1. MEMBERSHIP ELIGIBILITY 2. INDIVIDUAL ACCOUNTS 3. JOINT ACCOUNTS
Membership Booklet TABLE OF CONTENTS MEMBERSHIP AND ACCOUNT AGREEMENT 1 1. MEMBERSHIP ELIGIBILITY 2. INDIVIDUAL ACCOUNTS 3. JOINT ACCOUNTS 4. POD/TRUST ACCOUNT DESIGNATIONS 5. ACCOUNTS FOR MINORS 6. UNIFORM
More informationDEPOSIT ACCOUNT AGREEMENT
DEPOSIT ACCOUNT AGREEMENT DEFINITIONS. Throughout this Agreement, the terms "you," "your," and "account owner" refer to the Customer whether there are one or more Customers named on the account, and the
More information11. MEMBERSHIP As a condition of membership, you must purchase and maintain the minimum required share(s) as set forth below.
percentage yield stated in the Rate Schedule. For accounts using the average daily balance method as stated on the Rate Schedule, dividends are calculated by applying a periodic rate to the average daily
More informationMEMBERSHIP AND ACCOUNT AGREEMENT
MEMBERSHIP AND ACCOUNT AGREEMENT This Agreement covers your rights and responsibilities concerning your accounts and the rights and responsibilities of the Credit Union providing this Agreement (Credit
More informationMEMBERSHIP AND ACCOUNT AGREEMENT
MEMBERSHIP AND ACCOUNT AGREEMENT This Agreement covers your rights and responsibilities concerning your accounts and the rights and responsibilities of the Credit Union providing this Agreement (Credit
More informationUNIVERSITY FEDERAL CREDIT UNION ABILITY CARD TERMS AND CONDITIONS
UNIVERSITY FEDERAL CREDIT UNION ABILITY CARD TERMS AND CONDITIONS Please keep these Terms and Conditions handy and refer to them when you need to. And remember, whenever you have a question, you can call
More informationNew Account. Information
New Account Information MEMBERSHIP AND ACCOUNT AGREEMENT This Agreement covers your rights and responsibilities concerning your accounts and the rights and responsibilities of the Credit Union providing
More informationMEMBERSHIP AND ACCOUNT AGREEMENT
MEMBERSHIP AND ACCOUNT AGREEMENT This Agreement covers the rights and responsibilities concerning your Accounts and the rights and responsibilities of the credit union providing this agreement (credit
More informationNew Account Opening and Funding Service Terms and Conditions Disclosure
New Account Opening and Funding Service Terms and Conditions Disclosure This New Account Opening and Funding Service Terms and Conditions Disclosure ("Agreement") describes your rights and obligations
More informationBusiness Account Information
Business Account Information Who We Are? Questions? What? Customers Bank Call 866-476-2265 or go to www.customersbank.com This disclosure explains the terms of deposit accounts. What the annual percentage
More information830 Greenbrier Circle Chesapeake, VA 23320 Ph: 757.523.5300 800.443.1141 Fx: 757.424.4699 www.abnbfcu.org
830 Greenbrier Circle Chesapeake, VA 23320 Ph: 757.523.5300 800.443.1141 Fx: 757.424.4699 www.abnbfcu.org MEMBERSHIP AND ACCOUNT AGREEMENT This Agreement covers the rights and responsibilities concerning
More informationConsumer Accounts. Membership and Account Agreement Funds Availability Policy Disclosure Electronic Fund Transfers Agreement & Disclosure.
Consumer Accounts Membership and Account Agreement Funds Availability Policy Disclosure Electronic Fund Transfers Agreement & Disclosure ATM Card Visa Debit Card Info24 Online Banking Mobile Banking Bill
More informationWorkers Credit Union Business Deposit Account Agreement & Disclosures
Workers Credit Union Business Deposit Account Agreement & Disclosures Definitions: The following words have the meanings provided below when used in this agreement, unless otherwise indicated: a.) Account
More informationGENERAL RULES GOVERNING DEPOSIT ACCOUNTS
GENERAL RULES GOVERNING DEPOSIT ACCOUNTS YOUR AGREEMENT This agreement governs all deposit accounts established with Union Savings Bank. You and Your refer to anyone who maintains any deposit account with
More informationYOUR SAN FRANCISCO FEDERAL CREDIT UNION MEMBER HANDBOOK
YOUR SAN FRANCISCO FEDERAL CREDIT UNION MEMBER HANDBOOK INTRODUCTION Thank you for joining San Francisco Federal Credit Union ( Credit Union ). By signing a Membership and Account Application, you agree
More informationMEMBERSHIP AND ACCOUNT AGREEMENT
MEMBERSHIP AND ACCOUNT AGREEMENT This Agreement covers your rights and responsibilities concerning your accounts with Coastal Federal Credit Union and the rights and responsibilities of the Credit Union
More informationEDUCATIONAL EMPLOYEES CREDIT UNION
EDUCATIONAL EMPLOYEES CREDIT UNION ELECTRONIC FUNDS TRANSFER DISCLOSURE and AGREEMENT Terms Applicable to all EFTs Introduction and Scope of Services This Electronic Funds Transfer Disclosure and Agreement
More information1. MEMBERSHIP AND ACCOUNT AGREEMENT
ALLSOUTH FEDERAL CREDIT UNION 1. MEMBERSHIP AND ACCOUNT AGREEMENT This Agreement covers the rights and responsibilities concerning your Accounts and the rights and responsibilities of the credit union
More informationALLSOUTH FEDERAL CREDIT UNION I. MEMBERSHIP AND ACCOUNT AGREEMENT
ALLSOUTH FEDERAL CREDIT UNION I. MEMBERSHIP AND ACCOUNT AGREEMENT This Agreement covers the rights and responsibilities concerning your Accounts and the rights and responsibilities of the credit union
More informationTerms and Conditions. Promoting information that will help you feel smarter.
Terms and Conditions Promoting information that will help you feel smarter. IMPORTANT NOTICE The documents contained in this booklet are your permanent copies of Affinity Plus Federal Credit Union s agreements
More informationBusiness Deposit Account Contract Part 2. Contents
Business Deposit Account Contract Part 2 Contents CONTRACT TERMS AND DISCLOSURES 1 1. This is a Contract between You and Your Credit Union 1 2. Organization of Your & Our Agreement 3 3. Membership in the
More informationMembership Booklet. 5000 Louise Drive Mechanicsburg, PA 17055 (717) 795-6049 or (800) 237-7288 www.members1st.org We put our members first.
Membership Booklet 5000 Louise Drive Mechanicsburg, PA 17055 (717) 795-6049 or (800) 237-7288 www.members1st.org We put our members first. IMPORTANT NOTICE The documents contained in this booklet are your
More informationDEPOSIT ACCOUNT AGREEMENT
DEPOSIT ACCOUNT AGREEMENT All America Bank P.O. Box 300 Mustang, OK 73064 November 17, 2015 This disclosure contains information about terms, fees, and interest rates for some of the accounts we offer.
More informationMember s Guide to Services
Member s Guide to Services MEMBERSHIP DISCLOSURES Membership and Account Agreement Funds Availability Policy Disclosure Electronic Fund Transfers Agreement & Disclosure CUNAMUTUAL GROUP, 2011, ALL RIGHTS
More informationHow To Pay Off A Credit Card With A Check Or Credit Card
MEMBERSHIP DISCLOSURES Membership and Account Agreement Funds Availability Policy Disclosure Electronic Fund Transfers Agreement & Disclosure CUNA Mutual Group, 2010, ALL RIGHTS RESERVED DTXRN1 (293570)
More informationMEMBERSHIP AND ACCOUNT AGREEMENT
MEMBERSHIP AND ACCOUNT AGREEMENT R TABLE OF CONTENTS Membership and Account Agreement Introduction TIN Certification Membership and Accounts 1. Membership Eligibility 2. Individual Accounts 3. Joint Accounts
More informationVERITY CREDIT UNION BUSINESS ACCOUNT AGREEMENT
VERITY CREDIT UNION BUSINESS ACCOUNT AGREEMENT This Agreement is the contract of deposit which covers your and our rights and responsibilities concerning Membership and Business Account(s) offered to you.
More informationIMPORTANT NOTICE. Table of Contents. Membership and Account Agreement... 1. Funds Availability Policy Disclosure... 10
Membership Booklet September 15, 2013 P.O. Box 45085 Jacksonville, FL 32232-5085 (904) 777-6000 (800) 445-6289 www.vystarcu.org IMPORTANT NOTICE The documents contained in this booklet are your copies
More informationMEMBERSHIP AND ACCOUNT AGREEMENT INCLUDING DISCLOSURES
FedChoice Federal Credit Union MEMBERSHIP AND ACCOUNT AGREEMENT INCLUDING DISCLOSURES This Agreement covers your and our rights and responsibilities concerning accounts at the FedChoice Federal Credit
More informationMembership Agreement. Deposit Account Agreement. Keep this notice for future use. Important information about procedures for opening a new account:
Membership Agreement Keep this notice for future use. This document covers your and our rights and responsibilities concerning deposit account(s) offered to you by the Seattle Metropolitan Credit Union
More informationHealth Savings Account Packet
Health Savings Account Packet Please mail completed forms to: Jones National Bank & Trust Co. Attn: HSA Department PO Box 469 Seward NE 68434-0469 Questions, please call 402-643-3602 or 888-562-3602 Fax
More informationNEWRIZONS FEDERAL CREDIT UNION BUSINESS MEMBERSHIP AND ACCOUNT AGREEMENT
This Agreement is the contract of deposit which covers your and our rights and responsibilities concerning Business Membership and Account(s) offered to you by Newrizons Federal Credit Union ( Credit Union
More informationMembership Agreement and Account Disclosures
LOANS MORTGAGES SAVINGS & CHECKING BUSINESS Membership Agreement and Account Disclosures June 1, 2015. General Membership and Accounts Funds Availability Policy Electronic Services Privacy Policy www.jordancu.org
More informationDear Member: We re here to help. If you have any questions, please call 800.671.1098 or visit your neighborhood location.
Dear Member: Welcome to Arizona State Credit Union, a not-for-profit local financial cooperative. Founded in 1951, we are committed to meeting members needs with community outreach programs and enhanced
More informationELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE
ELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE This Electronic Fund Transfers Agreement and Disclosure is the contract which covers your and our rights and responsibilities concerning the electronic
More informationSPECIFIC TERMS APPLICABLE TO YOUR HIGH YIELD CHECKING ACCOUNT
SPECIFIC TERMS APPLICABLE TO YOUR HIGH YIELD CHECKING ACCOUNT Variable Rate information. This account is subject to a Variable Rate. The interest rate and annual percentage yield (APY) may change at any
More informationVisa Credit Card Cardmember Agreement
Visa Credit Card Cardmember Agreement In this Agreement the words You, Your and Yourself mean each and all of those who apply for the card or who sign this Agreement. Card means the Visa Credit Card and
More informationELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE
ELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE This Electronic Fund Transfers Agreement and Disclosure is the contract which covers your and our rights and responsibilities concerning the electronic
More informationELECTRONIC FUNDS TRANSFER AND DISCLOSURE
135 Raritan Center Parkway Ph: 732.225.1505 Fax: 732.225.4572 www.pinnaclefcu.com ELECTRONIC FUNDS TRANSFER AND DISCLOSURE This Electronic Funds Transfer Agreement is the contract which covers your and
More information"You" and "your" mean the account holder(s) and anyone else with authority to deposit, withdraw, or exercise control over the funds in the account.
FIRST BANK KANSAS Information about Electronic Fund Transfers The Electronic Fund Transfer Act and Regulation E require banks to provide certain information to customers regarding electronic fund transfer
More informationImportant Disclosure Information Travis Credit Union Credit Cards MasterCard or VISA Credit Card R. Interest Rates and Interest Chargestext
Annual Percentage Rate (APR) for purchases* Platinum Rewards VISA 8.99% to 15.99% Important Disclosure Information Travis Credit Union Credit Cards R MasterCard or VISA Credit Card R MasterCard Gold 10.99%
More informationMEMBERSHIP AND ACCOUNT AGREEMENT
MEMBERSHIP AND ACCOUNT AGREEMENT This agreement is the contract of deposit which covers your and our rights and responsibilities concerning membership and account(s) offered to you. In this agreement,
More informationMembership and Account Agreement
Membership and Account Agreement Table of Contents Introduction 3 Membership and Accounts 3 Membership Eligibility 3 Individual Accounts 3 Joint Accounts 3 Rights of Joint Account Owners 3 Account Owner
More informationTERMS AND CONDITIONS OF YOUR ACCOUNT AGREEMENT - This document, along with any other documents we give you pertaining to your account(s), is a
TERMS AND CONDITIONS OF YOUR ACCOUNT AGREEMENT - This document, along with any other documents we give you pertaining to your account(s), is a contract that establishes rules which control your account(s)
More informationCommercial Internet Banking Agreement and Disclosures
Rev. 4/2015 Commercial Internet Banking Agreement and Disclosures 1. Coverage. This Agreement applies to your use of our commercial Internet Banking Service, which permits you to access your accounts with
More informationME MEMBERSHIP AGREEMENT AND DISCLOSURES
ME MEMBERSHIP AGREEMENT AND DISCLOSURES Privacy Disclosure Membership and Account Agreement Funds Availability Policy Disclosure Electronic Fund Transfers Agreement & Disclosure Truth-in-Savings Disclosure
More informationIMPORTANT ACCOUNT INFORMATION FOR OUR MEMBERS Effective January 7, 2014
ACCOUNT AGREEMENT AND DISCLOSURE In the following Account Agreement and Disclosure, the words you and your mean each and all of those (whether one or more persons) who are subject to this Account Agreement
More informationMEMBERSHIP DISCLOSURES
MEMBERSHIP DISCLOSURES Privacy Notice Disclosure WA Membership and Account Agreement Funds Availability Policy Disclosure Electronic Fund Transfers Agreement & Disclosure DWAEQ0/DWAES0 PRIVACY NOTICE Red
More informationELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE
ELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE This Electronic Fund Transfers Agreement and Disclosure is the contract which covers your and our rights and responsibilities concerning the electronic
More informationYOUR DEPOSIT ACCOUNT TERMS AND CONDITIONS
YOUR DEPOSIT ACCOUNT TERMS AND CONDITIONS AGREEMENT - These terms govern the operation of this account unless varied or supplemented in writing. Unless it would be inconsistent to do so, words and phrases
More informationCONSUMER. Account Agreement MKT-853 08.15
CONSUMER Account Agreement MKT-853 08.15 Table of Contents 1. Membership and Account Agreement I. MEMBERSHIP AND ACCOUNTS 1. Membership Eligibility 2. Individual Accounts 3. Joint Accounts 4. POD / Trust
More informationContact information for account assistance is listed on the last page of this brochure. Please read the following terms and conditions carefully.
2014 ELECTRONIC FUND TRANSFER DISCLOSURES AND AGREEMENT The following disclosures and agreement ( Disclosures and Agreement ) describe your rights, protection, and liabilities as a consumer, pursuant to
More informationTERMS AND CONDITIONS OF YOUR ACCOUNT
TERMS AND CONDITIONS OF YOUR ACCOUNT (02/2013) Agreement This document, along with any other documents we give you pertaining to your account(s), is a contract that establishes rules that control your
More informationELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE
ELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE This Electronic Fund Transfers Agreement and Disclosure is the contract which covers your and our rights and responsibilities concerning the electronic
More informationDEPOSIT ACCOUNT AGREEMENT AND REGULATORY DISCLOSURE Contents Branch Locations... 3 Customer Identification Program... 3 Important Information about
DEPOSIT ACCOUNT AGREEMENT AND REGULATORY DISCLOSURE Contents Branch Locations... 3 Customer Identification Program... 3 Important Information about Procedures for Opening a New Account... 3 Customer Information...
More informationGENERAL BANKING AGREEMENT AND DISCLOSURES. Page 1 of 14 Last Rev. 10/15/14 Rev. 04/17/15
This agreement covers the rights and responsibilities concerning your accounts and the rights and responsibilities of Premier Community Credit Union. The words you, your and yours as used in this Agreement
More informationDeposit Account Agreement
Deposit Account Agreement Effective August 23, 2015 (1) INTRODUCTION The following is a list of terms used throughout this Deposit Account Agreement ( Agreement ): Account means your Discover Certificate
More informationELECTRONIC FUNDS TRANSFER AGREEMENT AND DISCLOSURE
ELECTRONIC FUNDS TRANSFER AGREEMENT AND DISCLOSURE This Electronic Funds Transfer Agreement is the contract which covers your and our rights and responsibilities concerning the electronic funds transfer
More informationMASTER ACCOUNT AGREEMENT AND DISCLOSURES. Table of Contents
MASTER ACCOUNT AGREEMENT AND DISCLOSURES Table of Contents Membership and Account Agreement... pgs 2-6 1. Membership Eligibility 2. Individual Accounts 3. Joint Accounts 4. Payable on Death POD/Trust Account
More informationVERITY CREDIT UNION MEMBERSHIP AND ACCOUNT AGREEMENT
VERITY CREDIT UNION MEMBERSHIP AND ACCOUNT AGREEMENT This Agreement is the contract of deposit which covers your and our rights and responsibilities concerning Membership and Account(s) offered to you.
More informationFUNDS AVAILABILITY POLICY. This Disclosure describes your ability to withdraw funds at Westerra Credit Union.
FUNDS AVAILABILITY POLICY This Disclosure describes your ability to withdraw funds at Westerra Credit Union. 1. General Policy. Our policy is to make funds from your cash and check deposits available to
More informationMember Information Packet
Member Information Packet Left Blank Intentionally 2 Table of Contents LOCATION AND CONTACT INFORMATION 4 MEMBERSHIP & ACCOUNT AGREEMENT 5 FUNDS AVAILABILITY POLICY DISCLOSURE 8 PRIVACY NOTICE DISCLOSURE
More informationIMPORTANT ACCOUNT INFORMATION FOR OUR MEMBERS
IMPORTANT ACCOUNT INFORMATION FOR OUR MEMBERS Membership and Account Agreement Truth-In-Savings Electronic Fund Transfers MEMBERSHIP AND ACCOUNT AGREEMENT The following Membership and Account Agreement
More informationINDEPENDENT BANK ACCOUNT DISCLOSURE AND TERMS & CONDITIONS. (Effective date of October 16, 2014)
INDEPENDENT BANK ACCOUNT DISCLOSURE AND TERMS & CONDITIONS (Effective date of October 16, 2014) TABLE OF CONTENTS Personal Accounts Rewards Checking... 2 Personal Checking... 2 MAXchecking... 2 NOW Checking...
More informationMEMBERS. Important Account Information For Our. Terms and Conditions Electronic Transfers Funds Availability TABLE OF CONTENTS
Important Account Information For Our MEMBERS Terms and Conditions Electronic Transfers Funds Availability TABLE OF CONTENTS TERMS AND CONDITIONS...2 Agreement...2 Bylaws...2 Liability...2 Deposits...3
More informationFrontier State Bank DEPOSITORY AGREEMENT
Frontier State Bank DEPOSITORY AGREEMENT The purpose of this disclosure is to inform you, our customer, as to the operation of your account with Frontier State Bank. As a matter of defining parties in
More informationELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE WITH APPLICATION
ELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE WITH APPLICATION This Electronic Fund Transfers Agreement and Disclosure is the contract which covers your and our rights and responsibilities concerning
More informationME MEMBERSHIP AGREEMENT AND DISCLOSURES
ME MEMBERSHIP AGREEMENT AND DISCLOSURES Privacy Disclosure Membership and Account Agreement Funds Availability Policy Disclosure Electronic Fund Transfers Agreement & Disclosure Truth-in-Savings Disclosure
More informationROCKLAND FEDERAL CREDIT UNION SMALL BUSINESS ONLINE BANKING AGREEMENT A. GENERAL PROVISIONS
1. You Agree ROCKLAND FEDERAL CREDIT UNION SMALL BUSINESS ONLINE BANKING AGREEMENT A. GENERAL PROVISIONS This Small Business Online Banking Agreement (the Agreement ) governs the use of Rockland Federal
More informationCOMMUNITY FIRST CREDIT UNION OF FLORIDA BUSINESS ONLINE BANKING AGREEMENT
COMMUNITY FIRST CREDIT UNION OF FLORIDA BUSINESS ONLINE BANKING AGREEMENT This Electronic Fund Transfers Agreement and Disclosure is the contract which covers your and our rights and responsibilities concerning
More informationATM/DEBIT CARD APPLICATION
ATM/DEBIT CARD APPLICATION Application and Member Information Account No. Member Name Street City/State/Zip Home Phone Work Phone Joint Owner Street City/State/Zip Joint Owner Information (If applicable)
More informationDeposit Account Agreement
Deposit Account Agreement November 1, 2014 (1) INTRODUCTION The following is a list of terms used throughout this Deposit Account Agreement ( Agreement ): Account means your Discover Certificate of Deposit
More informationELECTRONIC FUND TRANSFER AGREEMENT AND DISCLOSURE
ELECTRONIC FUND TRANSFER AGREEMENT AND DISCLOSURE This Electronic Funds Transfer Agreement is the contract which covers your and our rights and responsibilities concerning the electronic funds transfer
More informationELECTRONIC FUNDS TRANSFER AGREEMENT AND DISCLOSURE
ATM / MasterMoney / CHIPS Langley Link / Bill Pay / Electronic Services ELECTRONIC FUNDS TRANSFER AGREEMENT AND DISCLOSURE This Electronic Funds Transfer Agreement is the contract which covers your and
More informationElectronic Funds Transfer Agreement and Disclosures
Electronic Funds Transfer Agreement and Disclosures ELECTRONIC FUNDS TRANSFER AGREEMENT AND DISCLOSURES Agreement 1. Issuance of Card or Personal Identification Number. In this Agreement and Disclosures
More informationOverdraft Protection By The Credit Union
ELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE This Electronic Fund Transfers Agreement and Disclosure is the contract which covers your and our rights and responsibilities concerning the electronic
More informationOnline Banking - Terms and Conditions
Online Banking - Terms and Conditions (updated 12/2015) Welcome to electronic banking at Capstone Bank. This Agreement and Disclosure Statement for Online Banking Services (the "Agreement") describes the
More informationVA DESERT PACIFIC FEDERAL CREDIT UNION. 5901 East Seventh Street Long Beach, CA 90822 (562) 498-1250
Regular Shares Account Regular IRA Share Account Bonus Saver's Account Youth Saver's Account Christmas Club Account Vacation Club Account Money Market Account Senior Class Checking Value Advantage Checking
More informationImportant Account Information For Our Members
Important Account Information For Our Members Terms and Conditions Electronic Transfers Funds Availability Truth in Savings TERMS AND CONDITIONS OF YOUR ACCOUNT IMPORTANT INFORMATION ABOUT PROCEDURES FOR
More informationShare Draft (Checking) /Debit Card Account Application
Date: Account Number: Share Draft (Checking) /Debit Card Account Application Primary Owner: Address: Home Phone: Cell Phone: Joint Owner: Address: Home Phone: Cell Phone: Address & Phone to appear on checks?
More informationELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE WITH APPLICATION
ELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE WITH APPLICATION This Electronic Fund Transfers Agreement is the contract which covers your and our rights and responsibilities concerning the electronic
More informationCOLUMBIA CREDIT UNION ELECTRONIC FUNDS TRANSFERS AGREEMENT AND DISCLOSURE Business Accounts
COLUMBIA CREDIT UNION ELECTRONIC FUNDS TRANSFERS AGREEMENT AND DISCLOSURE Business Accounts This Agreement is the contract that covers your and our rights and responsibilities concerning Electronic Fund
More informationDeposit Account & Services Agreement
September 1, 2014 Deposit Account & Services Agreement TABLE OF CONTENTS Page TERMS AND CONDITIONS...2 Important Information About Procedures for Opening a New Account...2 Agreement...2 Bylaws...2 Liability...2
More informationDEPOSIT ACCOUNT DISCLOSURE
DEPOSIT ACCOUNT DISCLOSURE FIRST NATIONAL BANK OF LAYTON Main Office P.O. Box 248 12 South Main Street Layton, UT 84041 February 18, 2015 Thank you for your interest in a First National Bank of Layton
More informationPO Box 8300 Columbus, MS 39705. (662) 434-6052 (800) 434-6052 Fax: (662) 434-8406 www.trianglefcu.com
PO Box 8300 Columbus, MS 39705 (662) 434-6052 (800) 434-6052 www.trianglefcu.com ELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE This Electronic Fund Transfers Agreement is the contract which covers
More informationATA Overdraft and the New York Credit Union License Requirements
191 Ella Grasso Turnpike P.O. Box 273 (860) 627-4200 (860) 544-4728 Fax: (860) 627-4224 www.360fcu.org Electronic Fund Transfers Agreement and Disclosure This Electronic Fund Transfers Agreement is the
More information1. Acceptance and Agreement
KAUA'I GOVERNMENT EMPLOYEES FEDERAL CREDIT UNION Online Banking and Bill Payment Service Agreement and Disclosure Statement Before enrolling in Kaua'i Government Employees Federal Credit Union s Online
More informationUMB Discover Cardholder Agreement
UMB Discover Cardholder Agreement 1. Your Agreement to these Terms and Conditions; Definitions. The terms and conditions in this Agreement govern your Card and all credit extended to you under this Agreement.
More informationSOLUTIONS ELECTRONIC TRANSFERS FUNDS AVAILABILITY TRUTH IN SAVINGS CHECKING ACCOUNT POLICIES TERMS AND CONDITIONS
SOLUTIONS TERMS AND CONDITIONS ELECTRONIC TRANSFERS FUNDS AVAILABILITY TRUTH IN SAVINGS CHECKING ACCOUNT POLICIES TABLE OF CONTENTS TERMS AND CONDITIONS...2 Agreement...2 Bylaws...2 Liability...2 Deposits...3
More informationELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE
ELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE This Electronic Fund Transfers Agreement and Disclosure is the contract which covers your and our rights and responsibilities concerning the electronic
More information1. Responsibility: 2. Lost Card Notification: 3. Liability for Unauthorized Use: 4a. Credit Line:
In this Agreement the words you and your mean each and all of those who apply for the card or who sign this Agreement. Card means the VISA Credit Card and any duplicates and renewals we issue. Everyone
More informationBy applying for or using the Bill Payer Service or allowing others to do so, you consent to the terms of this Agreement and Disclosure.
This agreement governs the use of your Internet BillPayer Service. By enrolling in BillPayer, you the credit union member hereby authorizes your credit union to make payments on your behalf by debiting
More informationELECTRONIC FUNDS TRANSFER AGREEMENT AND DISCLOSURE
ELECTRONIC FUNDS TRANSFER AGREEMENT AND DISCLOSURE This Electronic Funds Transfer Agreement is the contract which covers your and our rights and responsibilities concerning the electronic funds transfer
More informationPersonal Interest Bearing Checking Account-Related Disclosures
130 S. Main Street Fond du Lac, WI 54935 920.921.7700 Personal Interest Bearing Checking Account-Related Disclosures VARIABLE RATE INFORMATION Please see our online rate information for current interest
More information