Available Eft Services Clause Samples
The 'Available EFT Services' clause defines which electronic funds transfer (EFT) services are provided under the agreement. It typically lists the types of transactions customers can perform, such as direct deposits, ATM withdrawals, online bill payments, or transfers between accounts, and may specify any limitations or conditions for using these services. By clearly outlining the scope of EFT services offered, this clause ensures that customers understand what electronic banking options are accessible to them and helps prevent misunderstandings about the services covered by the agreement.
Available Eft Services. You may access your account through Contact-24 (Telephone Banking) to:
Available Eft Services. ATm Access cArd: You may use your Card and PIN (Personal Identification Number) in automated teller machines of the Credit Union, Cirrus, CO-OP, Star Networks, and such other machines or facilities as the Credit Union may designate. At the present time, you may use your Card to: VIsA deBIT cArd: You may use your Card to purchase goods and service any place your Card is honored by participating merchants. If you wish to pay for goods or services over the Internet, you may be required to provide card number security information before you will be permitted to complete the transaction. You agree that you will not use your card for any transaction that is illegal under applicable federal, state, or local law. Funds to cover you Card purchases will be deducted from your Business checking account. If the balance in your account is not sufficient to pay the transaction amount, the credit Union will pay the amount and treat the transaction as a request to transfer funds from other deposit accounts, approved overdraft protection accounts or loan accounts that you have established with the Credit Union. If you initiate a transaction that overdraws your Account, you agree to make immediate payment of any overdrafts together with any service charges to the Credit Union. In the event of repeated overdrafts, the Credit Union may terminate oNlINe eFT serVIce: If approved, you may conduct any one or more of the EFT ser- vices offered by the Credit Union, including online and mobile banking account to account transfers.
Available Eft Services