ELECTRONIC FUND TRANSFER DISCLOSURE Clause Samples
The Electronic Fund Transfer Disclosure clause defines the rights, responsibilities, and procedures related to electronic transfers of funds, such as ATM withdrawals, direct deposits, and online payments. It typically outlines the types of electronic transfers covered, the consumer’s liability in case of unauthorized transactions, and the process for reporting errors or lost cards. This clause ensures that both parties understand the rules governing electronic transactions, thereby protecting consumers from unauthorized use and clarifying the steps to resolve disputes.
ELECTRONIC FUND TRANSFER DISCLOSURE. Salem Five offers a wide variety of electronic fund transfer services. For example, if you have preauthorized the transfer of funds from your account to third parties, if you have authorized direct deposits to your account, if you use our AccessLine or Online Banking Services, or if you have a Salem Five ATM card or Salem Five debit card (both referred to in this Agreement as “Card”), you have subscribed to electronic banking services. Your use of the electronic banking services to which you have subscribed will be subject to the terms and conditions of this Agreement and any other agreement specific to the service you use. Laws have been enacted by Congress and the Massachusetts Legislature that define the rights and responsibilities of the Bank in providing electronic fund transfer services to consumers and your rights and responsibilities as a consumer utilizing these services. In order for you to understand your rights under the federal Electronic Fund Transfer Act and Chapter 167B of the Massachusetts General Laws, we are providing you with the following disclosures. In addition to these federal and state laws, Federal Reserve Regulation E and the rules of NACHA Electronic Payments Association apply to your electronic transfers. Consumers who utilize or intend to utilize Salem Five’s Online Banking Services to view their accounts, transfer funds or pay bills should also refer to the disclosure entitled Salem Five Online Banking Agreement, which describes additional terms and conditions pertaining specifically to those services. IF YOU BELIEVE YOUR CARD OR PERSONAL IDENTIFICATION NUMBER (“PIN”) HAS BEEN LOST OR STOLEN OR THAT SOMEONE HAS TRANSFERRED OR MAY TRANSFER MONEY FROM YOUR ACCOUNT WITHOUT YOUR PERMISSION, CALL US IMMEDIATELY, DURING BANKING SERVICE HOURS: MONDAY THROUGH FRIDAY BETWEEN THE HOURS OF 8:00 A.M. AND 6:00 P.M., SATURDAY BETWEEN 9:00 A.M. AND 3:00 P.M., OR SUNDAY BETWEEN THE HOURS OF 11:00 A.M.AND 3:00 P.M., EASTERN TIME. CALL (▇▇▇) ▇▇▇-▇▇▇▇ OR TOLL FREE AT (▇▇▇) ▇▇▇-▇▇▇▇. YOU MAY WRITE US AT: CONTACT CENTER, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇, ▇▇ ▇▇▇▇▇. TO REPORT A LOST OR STOLEN DEBIT CARD BEFORE OR AFTER BANKING HOURS, PLEASE CALL CARD SERVICES AT ▇▇▇-▇▇▇-▇▇▇▇, option 3. Tell us AT ONCE if you believe your Card or your PIN has been lost, stolen or used without your permission. Telephoning is the best way of minimizing your losses. You can lose no more than $50 if you give us timely notice of a lost or stolen Card or a disclosed PIN and someon...
ELECTRONIC FUND TRANSFER DISCLOSURE. We presently offer many bank services that may be considered electronic fund transfers, including, but not limited to, ATM transactions through the Visa®, NYCE®, Plus®, Pulse® and STAR® networks; Point-of-Sale (“POS”) transactions; ACH transactions, including, but not limited to, direct deposits and preauthorized withdrawals; automated telephone transfers; and online transfers. This disclosure (as required by Federal Regulation E which implements the Electronic Fund Transfer Act) provides information that describes your rights and responsibilities regarding these services. The electronic fund transfer services are services we can provide, assuming you specifically request and arrange them and qualify for the service.
ELECTRONIC FUND TRANSFER DISCLOSURE. This Electronic Fund Transfer Disclosure applies to electronic fund transfers to or from your Account to the extent the transfers are governed by Regulation E (excluding remittance transfers governed by Subpart B of Regulation E). This Electronic Fund Transfer Disclosure seeks to inform you of your rights and obligations under Part A of Regulation E. This Electronic Fund Transfer Disclosure does not cover “remittance transfers” or wire transfers governed by Part B of Regulation E.
ELECTRONIC FUND TRANSFER DISCLOSURE. The provisions of the following Electronic Fund Transfer Disclosure apply only to electronic fund transfers to or from accounts established primarily for personal, family, or household purposes (“consumer accounts”). These provisions do not apply to any transactions that are not covered under the Electronic Fund Transfer Act or Regulation E. This Electronic Fund Transfer Disclosure governs your use of electronic fund transfer services, including telephone transfer service through our 24-hour automated banking service, and preauthorized transfers (as applicable). Additional, separate terms and disclosures will govern the use of other electronic fund transfer services, including telephone transfer service through our 24-hour automated banking service, and preauthorized transfers (as applicable). Additional, separate terms and disclosures will govern the use of other electronic fund transfer services, including the Mechanics Bank automated teller machine card (“ATM Card”), and the Visa® or MasterCard® Debit Card.
ELECTRONIC FUND TRANSFER DISCLOSURE. The provisions of the following Electronic Fund Transfers Disclosure apply only to electronic fund transfers (e.g., point-of-sale transfers, ATM transfers, direct deposits, certain transfers initiated by telephone, and transfers resulting from debit card transactions) to or from accounts established primarily for personal, family, or household purposes (“consumer accounts”). These provisions do not apply to any transactions that are not covered under the Electronic Fund Transfers Act or Regulation E.
ELECTRONIC FUND TRANSFER DISCLOSURE. This disclosure document describes the various types of electronic fund transfers which are available to members with APCIRCUIT and your rights and responsibilities concerning those transactions, including your rights under the Electronic Fund Transfers Act (“EFT Act”). Please refer to the Electronic Fund Transfers section of our Important Account Information brochure.
ELECTRONIC FUND TRANSFER DISCLOSURE. A. The Electronic Fund Transfer Act and Regulation E require institutions to provide certain information regarding electronic funds transfer (EFT) services. This disclosure only applies to EFT services utilized to debit or credit an Eligible Account. These disclosures and the protections contained here do not apply to non-Consumer Accounts. Not all of the EFT services described below may apply to your Consumer Account or your use of our Online Banking and Mobile Banking services.
ELECTRONIC FUND TRANSFER DISCLOSURE. The following information describes the various types of electronic fund transfers which are available to members with First Line and your rights and responsibilities concerning those transactions, including your rights under the Electronic Fund Transfers Act (“EFT Act”). Please read this document carefully. You may print or save this document for future reference. Electronic access to this document in the future for printing or saving can be found at the First Line Login page. If you would like a paper copy, you may notify us at the telephone number or address listed in the section titled “In case of Errors or Questions about Electronic Transfers”. The EFT Act is applicable only to consumer accounts. Non- consumer account holders are not entitled to the rights provided under the EFT Act. See Non- Consumer Accounts on First Line and the Electronic Transfer Act below for more information. Electronic Fund Transfers are deposits to, withdrawals from or transfers between your accounts which are not originated by check, draft or similar paper instrument. If your account(s) involves such transfers, you have certain rights under the law, which is described below. Please contact us at the telephone number or address listed in the section titled “In Case of Errors Or Questions About Electronic Transfers” if you have any questions or problems. You may access your account(s) to transfer funds to other First Heritage Federal Credit Union account(s) either your own or another First Heritage member’s (see Any Account Transfers), transfer to loan account(s) with us (including VISA). Such transfers can only be made if the funds are deposited into your First Heritage Federal Credit Union account, used to pay a First Heritage Federal Credit Union loan, or transferred to another account that has been authorized to receive a transfer from you. With First Line, you can also download account history files to be used as import files in Quicken or MS Money, change mailing address and email address, change account titles, place a stop payment on paper drafts, and similar services related to your account. If you choose, you may enroll for our online ▇▇▇▇ Pay Service and our eStatement service within First Line. Any Account Transfers are transfers of funds that you initiate from your account to any other member of First Heritage FCU.
ELECTRONIC FUND TRANSFER DISCLOSURE. This Electronic Fund Transfer disclosure does not apply to any Accounts other than consumer Accounts, as defined by Regulation E. Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which may not apply to your Account. Please read this disclosure carefully because it tells you your rights and obligations for the transactions listed. We can accept certain direct deposits or automatic or on-demand transfers to your checking or savings Account and make certain automatic or on-demand payments or transfers from your checking or savings Account. The limitations on frequency of transfers applicable to savings Accounts apply to EFTs.
ELECTRONIC FUND TRANSFER DISCLOSURE. Generally, the funds transfer Services enable you to use your Device to transfer funds to and from your account, to pay bills directly from your account in the amounts and on the days you request, and to make other payments and remittances of funds from your account. The types of funds transfer Services offered are described in more detail in their respective sections.