Expedited Funds Availability Disclosure continued
b) Preauthorized payments or debits. You may make arrangements to pay certain recurring bills or authorize transfers from your checking and/or key savings account(s). Electronic Check/Draft Conversion. 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 (i) pay for purchases and (ii) pay bills. This disclosure also covers Telephone Banking and Debit Card transactions. Please refer to the applicable agreement for specific transfer information and fees. STOP PAYMENTS – PREAUTHORIZED PAYMENTS Right to stop payment and procedure for doing so. If you have told us in advance to make regular payments out of your account, you can stop any of these payments. To initiate a stop payment on these payments: Call or write us at the telephone number or address listed on the next page, in time for us to receive your request 3 business days or more before the payment is scheduled to be made. If you call, we may also require you to put your request in writing and return to us within 14 days after you call. There is a $35.00 fee for each stop payment. Notice of varying amounts. If the payments may vary in amount, the person you are going to pay will notify you, 10 days prior to the payment due date. (You may choose instead to get this notice only when the payment would differ by more than a certain amount from the previous payment, or when the amount would fall outside certain limits that you set.) Liability for failure to stop payment of preauthorized transfer. If you order us to stop one of these payments 3 business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages. FINANCIAL INSTITUTION’S LIABILITY Liability for failure to make transfers. If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are exceptions. We will not be liable, for instance: a) If, through no fault of ours, you do not have enough money in your account to make the transfer. b) If the transfer would go over the credit limit on your overdraft line. c) If the ATM where you are making the transfer does not have enough cash. d) If the terminal or system was not working properly and you knew about the breakdown when you started the transfer. e) If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken. f) There may be other exceptions stated in our agreement with you. CONFIDENTIALITY We will disclose information to third parties about your account or the transfer you make: a) Where it is necessary for completing transfers; or b) In order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant; or c) In order to comply with government agency or court orders; or
Mailed Deposits
Same Day - If received on a business day Next Business Day - If received on a non-business day Same Day - If deposited on a business day prior to 5:00 p.m. Next Business Day - If deposited any other time
Mobile and Remote Deposits
LONGER DELAYS MAY APPLY Case-By-Case Holds
In some cases, we will not make all the funds that you deposit by check available to you on the first Business day after the day of your deposit. Funds may not be available until the second business day after the day of your deposit. The first $275 of your deposits, however, will be available on the first business day after the date of your deposit. Exception Holds Funds you deposit may be delayed until the seventh business day after the day of your deposit under the following circumstances: • We believe a check you deposit will not be paid. • Your deposit checks totaling more than $6,725 on any one day. • You redeposit a check that has been returned unpaid. • You have overdrawn your account repeatedly in the last six months. • There is an emergency, such as failure of computer or communications equipment. New Accounts If you are a new customer, during the first 30 days your account is open, we may not make all the funds you deposit by check available to you on the first business day after the day of your deposit. Funds may not be available until the ninth business day after the day of your deposit. In addition, we may apply a Case-by-Case hold or an Exception Hold to a new account. Notification If we are not going to make all the funds from your deposit available to you on the first business day, we will notify you at the time you make your deposit. We will, also, tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the day after we receive your deposit. If you need the funds from the deposit right away, you should ask us when the funds will be available. HOLD ON OTHER FUNDS (CHECK CASHING) If we cash a check for you that is drawn on another bank, we may withhold the availability of a corresponding amount of funds that are already in your account. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it. HOLD ON OTHER FUNDS (OTHER ACCOUNTS) If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited. PAYMENT OF INTEREST We begin to accrue interest on deposited funds on the business day that we receive credit for the funds. We rely on the availability schedule of our check-clearing provider to determine the day credit is actually received. You may request that we provide you with a copy of the availability schedule. ELECTRONIC FUNDS TRANSFER DISCLOSURE Please read this disclosure carefully. The disclosure outlines your rights and obligations for Electronic Fund Transfers transactions. BUSINESS DAY For purposes of this disclosure, our business days are Monday thru Friday. Holidays are not included. TYPES OF TRANSFERS Prearranged Transfer. a) Preauthorized credits. You may make arrangements for certain direct deposits to be accepted into your checking and/or key savings account(s).
d) In accordance with your written permission; or e) As explained in the separate Privacy Disclosure
UNAUTHORIZED TRANSFERS Consumer Liability. Tell us at once if you believe your card and/or pin number has been lost or stolen, or if you believe that an electronic fund transfer has been made without your permission using information from your check. Telephoning is the best way of keeping your possible losses down. You could lose all the money in your account (plus your maximum overdraft line of credit). If you tell us within 2 business days after you learn of the loss or theft of your card/pin number, you can lose no more than $50 if someone used your card/pin number without your permission. Also, if you do NOT tell us within 2 business days after you learn of the loss or theft of your card and/or pin number, and we can prove we could have stopped someone from using your card and/or pin number without your permission if you had told us, you could lose as much as $500.00. If your statement shows transfers that you did not make, including those made by card, or other means, tell us at once. If you do not tell us within 60 days after the statement was mailed to you, you may not get back any money you lost after the 60 days if we can prove that we could have stopped someone from taking the money if you had told us in time. If a good reason (such as a long trip or a hospital stay) kept you from telling us, we will extend the time period. Contact In The Event Of Unauthorized Transfer. If you believe your card/pin number has been lost or stolen, call: 877-838-2517
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