Common use of General Account Terms Clause in Contracts

General Account Terms. All fees, rates, balance requirements, and account limitations are disclosed in Trademark FCU’s Rate & Fee and Truth in Savings Disclosures. Transactions may not be processed in the order in which they occur. The order in which they are received and processed may impact the balance available to you and the total amount of fees incurred by you. Merchants and other payees may be authorized to electronically debit your account using information you provide them. These debits are Electronic Funds Transfers (EFT) and are subject to this Agreement. The Credit Union is under no obligation to pay an item or check, honor a debit card transaction, online transaction, text banking or audio transaction which exceeds the balance in the designated account. Except for negligence, the Credit Union is not liable for any action it takes regarding the payment or non-payment of a check or an item or the failure to honor an Online, Audio or debit card transaction. You acknowledge and agree that we may refuse to pay any check, including substitute checks as the term is defined under 12 CFR Part 229.2 (aaa). You also agree to indemnify and hold us harmless from and against any claim for damages or breach of any substitute check warranty which is asserted against us by any third party on account of any check drawn on your account.

Appears in 4 contracts

Samples: Membership Agreement, Membership Agreement, Membership Agreement

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General Account Terms. All fees, rates, balance requirements, and account limitations are disclosed in Trademark FCU’s Rate & Fee and Truth in Savings Disclosures. Transactions may not be processed in the order in which they occur. The order in which they are received and processed may impact the balance available to you and the total amount of fees incurred by you. Merchants and other payees may be authorized to electronically debit your account using information you provide them. These debits are Electronic Funds Transfers (EFT) and are subject to this Agreement. The Credit Union is under no obligation to pay an item or check, honor a debit card transaction, online transaction, text banking electronic transaction or audio transaction which exceeds the balance in the designated account. Except for negligence, the Credit Union is not liable for any action it takes regarding the payment or non-non- payment of a check or an item or the failure to honor an Onlinea check, Audio debit, online, electronic or debit card audio transaction. You acknowledge and agree that we may refuse to pay any check, including substitute checks as the term is defined under 12 CFR Part 229.2 (aaa). You also agree to indemnify and hold us harmless from and against any claim for damages or breach of any substitute check warranty which is asserted against us by any third party on account of any check drawn on your account.

Appears in 1 contract

Samples: Membership Agreement

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General Account Terms. All fees, rates, balance requirements, and account limitations are disclosed in Trademark FCU’s Rate & Fee and Truth in Savings Disclosures. Transactions may not be processed in the order in which they occur. The order in which they are received and processed may impact the balance available to you and the total amount of fees incurred by you. Merchants and other payees may be authorized to electronically debit your account using information you provide them. These debits are Electronic Funds Transfers (EFT) and are subject to this Agreement. The Credit Union is under no obligation to pay an item or check, honor a debit card transaction, online transaction, text banking or audio transaction which exceeds the balance in the designated account. Except for negligence, the Credit Union is not liable for any action it takes regarding the payment or non-payment of a check or an item or the failure to honor an Onlineonline, Audio audio or debit card transaction. You acknowledge and agree that we may refuse to pay any check, including substitute checks as the term is defined under 12 CFR Part 229.2 (aaa). You also agree to indemnify and hold us harmless from and against any claim for damages or breach of any substitute check warranty which is asserted against us by any third party on account of any check drawn on your account.

Appears in 1 contract

Samples: Membership Agreement

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