Electronic Funds Transfers (EFT Sample Clauses

Electronic Funds Transfers (EFT. For Consumers, the use of Online Banking, including Online Bill Payment Service and Mobile Banking is subject to the Electronic Funds Transfers Act. If you are a Consumer, along with the foregoing, please see the Electronic Funds Disclosure Statement in your Personal Deposit Account Agreement which discloses important information concerning your rights and obligations for EFT’s.
AutoNDA by SimpleDocs
Electronic Funds Transfers (EFT. This disclosure is provided to members according to the provisions of the Federal Electronic Fund Transfer Act. The word “card” refers to the Debit/ATM Card issued to you. The word “terminals” refers to automated teller machines and point of sale terminals. Please read this disclosure statement in its entirety. SUMMARY OF YOUR LIABILITY FOR UNAUTHORIZED ELECTRONIC FUNDS TRANSFERS: If you believe your card has been lost or stolen or that someone has transferred or may transfer money from your account without your permission, call us immediately or if after business hours, call 0-000-000-0000. Failing to contact us regarding lost or stolen cards or unauthorized transferred may increase your liability for loss. Your liability for unauthorized VISA debit transactions with the card is zero if reported immediately (does not apply to ATM transactions, PIN transactions not processed by Visa, or certain commercial card transactions). Failure to notify the credit union immediately will void this statement of zero liability. If you fail to notify us immediately of a lost or stolen card or an unauthorized transaction the statement of zero liability is void; however, if you inform us within 2 business days of the loss, theft, or unauthorized transaction, you can lose no more than $50. If you do not inform us within 2 business days after the loss or theft of your card you will be liable for up to $500 of unauthorized charges. After 60 days there is no limit of liability. If a good reason (such as a long trip or hospital stay) kept you from telling us, at our discretion, we may extend the time periods for reporting. If you report unauthorized transactions within the limit of liability, provisional credit amounts will be provided on a provisional basis until the conclusion of an investigation. In any situation, if it is determined that you were grossly negligent in handling your account or card, committed fraud or attempted to defraud through the use or misuse of your account or card, or did not comply with the terms and conditions specified in this agreement or the Debit/ATM Card Agreement, the limits of liability may not apply and any provisional credit provided to your during the course of investigation may be withheld, delayed, limited, or rescinded. OUR ELECTRONIC FUND TRANSFER SERVICES: You may use your card to make the following electronic fund transfers: • Inquire balances or cash withdrawal from your checking or savings account at ATMs • Pay for purchases at part...
Electronic Funds Transfers (EFT. The provisions in this section apply only to electronic funds transfers (an “EFT”) that debit or credit a consumer’s checking, savings or other asset account and are subject to the Federal Reserve Board’s Regulation E. The Bank may, when applicable, rely on any exceptions to the provisions in this section that are contained in Regulation E. All terms not otherwise defined in the Agreement that are defined in Regulation E will have the same meaning when used in this section. Your liability for an unauthorized EFT or a series of related unauthorized EFTs will be determined as follows:
Electronic Funds Transfers (EFT 

Related to Electronic Funds Transfers (EFT

  • Electronic Funds Transfers By signing the Account Card, completing and transmitting an online account card or service request, or signing or using the Visa Debit Card, or Home Banking service you agree to the following terms governing your and our rights and responsibilities concerning the electronic funds transfer services, as applicable. Terms and conditions set forth elsewhere in this Agreement shall also apply to your electronic funds transfer service. Electronic funds transfers ("EFTs") are electronically initiated transfers of money through direct deposits, automated teller machines ("ATMs"), point of sale transactions, debit card purchases, audio response transactions and online transactions involving your deposit accounts at the Credit Union.

  • ELECTRONIC FUNDS TRANSFER (EFT The recipient/cooperator shall designate a financial institution or an authorized payment agent through which a federal payment may be made in accordance with US Treasury Regulations, Money and Finance at 00 XXX 000, which requires that federal payments are to be made by EFT to the maximum extent possible. A waiver may be requested and payments received by check by certifying in writing that one of the following situations apply:

  • Electronic Funds Transfer Upon reinstatement by Xxxxxxxx, this Security Instrument and obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under Section 18.

  • Electronic Funds Transfer Agreement If you want to reverse an electronic re-presented check, you must give us an affidavit within 15 days after we send or make available to you the periodic statement that reflects payment of that electronic re-presented check. In your affidavit, you must declare and swear under oath that the electronic re-presented check was ineligible or unauthorized. If we receive a proper notice or affidavit from you within the 15-day period, we will recredit your account with the amount of the charge. If you wish to stop payment on any electronic re-presented check, you must follow the procedures contained in this Agreement for stopping payment of checks, not the procedures for stopping payment on electronic loan or xxxx payments. If you ask us to request the depositor’s bank to send us the original paper check or a copy of the paper check, and we provide it to you, you agree that you will not seek to have your account recredited due to a prior stop payment order or if the item is otherwise ineligible for collection.

  • Electronic Fund Transfers The following provisions apply only to Electronic Fund Transfers (“EFTs”). EFTs are any transfer of funds initiated with your Card(s) at an ATM or as a PIN based debit transaction (Point of Sale). You will have access to either your deposit or credit card accounts, or both if you so choose, with Commerce Bank. We can cancel these services at any time and for any reason without notice. We can also cancel your entire Account, including credit card services, and revoke your Card(s) as provided in the CANCELLATION paragraph above. This may be done by an ATM or merchant not returning your Card(s) to you. We may change the terms of this Agreement relating to EFTs without notice to you unless required by law. WHAT CONSTITUTES BANK’S BUSINESS DAY Our Business Days are Monday through Friday. Federal holidays are not included. DISCLOSURE OF CONSUMER’S LIABILITY FOR UNAUTHORIZED TRANSFERS AND ADVISABILITY OF PROMPT REPORTING Tell us AT ONCE if you believe your Card(s) has/have been lost or stolen or if you believe that an EFT has been made without your permission. Telephoning is the best way of keeping your possible losses down. You could lose all the money in your deposit account plus your maximum overdraft line of credit. If you tell us within two Business Days after you learn of the loss or theft of your Card, you can lose no more than $50.00 if someone used your Card without your permission. If you do NOT tell us within two Business Days after you learn of the loss or theft of your Card, and we can prove that we could have stopped someone from using your Card and making transfers from your deposit account without your permission if you had told us, you could lose as much as $500.00. Also, if your deposit statement shows transfers that you did not make, including those made by Card, code or other means, tell us at once. If you do not tell us within 60 days after the deposit 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 periods at our discretion.

  • Funds Transfers With respect to each Instruction for a Cash transfer, when the Instruction is to credit or pay a party by both a name and a unique numeric or alpha-numeric identifier (e.g., IBAN or ABA or account number), BNY Mellon and any other bank participating in the Cash transfer will be entitled to rely solely on such numeric or alpha-numeric identifier, even if it identifies a party different from the party named. Such reliance on an identifier will apply to beneficiaries named in the Instruction, as well as any financial institution that is designated in the Instruction to act as an intermediary in such Cash transfer. To the extent permitted by applicable law, the Parties will be bound by the rules of any transfer system used to effect a Cash transfer under this Agreement.

  • Electronic Fund Transfer 10.1 Employees will receive their pay and any reimbursements via electronic fund transfer (payroll direct deposit). The University will provide electronic pay advices to all employees.

  • Electronic Record Search The Reporting Financial Institution must review electronically searchable data maintained by them for any of the following indicia:

  • Electronic Check Conversion/Electronic Returned Check Fees If you pay for purchases or bills with a check or draft, you may authorize your check or draft to be converted to an electronic fund transfer. You may also authorize merchants or other payees to electronically debit your account for returned check fees. You are considered to have authorized these electronic fund transfers if you complete the transaction after being told (orally or by a notice posted or sent to you) that the transfer may be processed electronically or if you sign a written authorization.

  • Electronic Visit Verification ("EVV Provider shall cooperate with State requirements for electronic visit verification for personal care services and home health services, as applicable.

Time is Money Join Law Insider Premium to draft better contracts faster.