Member Liability definition
Member Liability. You are responsible for all transactions you authorize using your Visa Debit Card. If you permit someone else to use your card, you are responsible for any transactions they authorize or conduct on any of your accounts. You will not be held responsible for unauthorized transactions made with your Credit Union –issued Visa Debit Card if you exercise reasonable care in safeguarding the card from risk of loss or theft and, upon becoming aware, promptly report the loss or theft to the Credit Union. Under Regulation E, you could have up to $500 liability if the loss is not reported within two days of discovery. You may have unlimited liability if you do not report unauthorized transactions within 60 days of it being reported on a periodic statement.
Member Liability. You are responsible for all transfers you authorize using the Home Banking/▇▇▇▇ ▇▇▇▇▇ eBanking Services under this Agreement. If you permit other persons to use your PIN, you are responsi- ble for any transactions they authorize or conduct on any of your accounts. However, if you believe any- one has used your PIN and accessed your accounts without your authority, let us know at your earliest convenience. Calling the CU is the best way to minimize your potential loss. If you advise us within 2 busi- ness days, your loss will be limited to $50. If you do not advise us within 2 business days after you learn of the unauthorized use of your account or PIN, and we can prove that we could have stopped someone from accessing your account without your permission you could be liable for up to a maximum of $500. Also, if your statement shows Home Banking/▇▇▇▇ ▇▇▇▇▇ eBanking Service transfers that you did not make, advise us at once. If you do not advise us within sixty (60) days after the statement was mailed to you, you may be liable for the full amount of the loss if we can prove that we could have stopped some- one from making the unauthorized EFT transactions. If you believe your PIN has been lost or stolen or that someone has transferred or may transfer money from your account without your permission, call the telephone number provided in this brochure or con- tact us electronically by sending an e-mail message through the Home Banking/▇▇▇▇ ▇▇▇▇▇ eBanking Service at ▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇, or write to: ESSENTIAL FEDERAL CREDIT UNION | P.O. BOX 738 Plaquemine, LA 70765-0738 Business Days – Our business days are Monday through Friday, excluding holidays Banking Days: Monday through Friday, 7:30am to 7:30pm and Saturdays 9am to 5pm. Federal Holidays are not included. Fees and Charges: There may be certain charges for Home Banking/▇▇▇▇ ▇▇▇▇▇ eBanking Services as set forth below. From time to time, the charges may be changed. We will notify you of any changes as required by law. ▇▇▇▇ ▇▇▇▇▇ service is offered to the membership at a monthly cost (as per fee schedule) Transaction Documentation: Transfers and withdrawals transacted through Home Banking/▇▇▇▇ ▇▇▇▇▇ eBanking Service will be re- corded on your monthly account statement. Account Information Disclosure: We will maintain the confidentiality and privacy of your account information in accordance with our pri- vacy policy. However, we will disclose information to third parties about your account or the transfers you m...
Member Liability. Members are responsible for all transactions they authorize using their EFT services under this EFT Policy. If a member permits someone else to use an EFT service, their card or their access code, they are responsible for any transactions they authorize or conduct on any of their accounts. A member must tell us immediately if they believe their card and/or access code has been lost or stolen or if they believe someone has used their card or access code or otherwise accessed their accounts without their permission, or if they believe that an electronic fund transfer has been made without their permission using information from your check. Right to Receive Documentation Periodic Statements: Transfers and withdrawals made through any debit card transaction will be recorded on the member’s periodic statement. Members will receive a statement monthly unless there is no transaction in a particular month. In any case, members will receive a statement at least quarterly. Terminal Receipt: Members can get a receipt at the time they make any transaction (except inquiries) involving their account using an ATM and/or point-of-sale (POS) terminal. Account Information Disclosure: Credit union personnel will disclose information to third parties about member accounts or the transfers they make: Business Days: Credit Union business days are Monday through Friday, excluding holidays.
Examples of Member Liability in a sentence
Please refer to the Member Liability section of this Agreement for terms and conditions.
Also, there are certain protections and rights such as the zero liability protections in the section Member Liability, applicable only to VISA processed transactions.
Refer to the separate “Schedule of Fees and Charges” for current fees Member Liability.
Refer to the separate Credit Union’s Fee Schedule for current fees Member Liability.
Refer to the separate “Rate Addendum and Schedule of Fees and Charges” for current fees Member Liability.
Also, there are certain protections and rights such as the zero liability protections in the section Member Liability, applicable only to Visa processed transactions.
Member Liability Calculation When covered healthcare services are provided outside of BCN's service area by non-participating healthcare providers, the amount(s) a Member pays for such services will generally be based on either the Host Blue's non-participating healthcare provider local payment or the pricing arrangements required by applicable state law.
Member Liability Calculation When the Member incurs Covered Medical Expenses outside of the Blue Cross and Blue Shield of Montana service area for services provided by nonparticipating healthcare providers, the amount the Member pays for such services will be based on either the Host Blue’s nonparticipating healthcare provider local payment or the pricing arrangements required by applicable state law.
Refer to the Member Liability section of this Agreement for terms and conditions.
All terms governing electronic funds trans- fer services will apply to Electronic Check Transactions, except the $50 and $500 limits of liability for unauthorized transactions in Sec- tion 4 (Member Liability) of this disclosure.
More Definitions of Member Liability
Member Liability means any obligation, responsibility, cost or liability for which a Member becomes personally liable as a result of Operations of the Company, but excludes Company Liability.
Member Liability. The Member shall be liable to the Credit Union for and shall indemnify and hold harmless from any and all claims, causes of action, damages, expenses (including reasonable attorney's fees and other legal expenses), liabilities and other losses resulting from acts, omissions, or provision of invalid or inaccurate data by the member including without limitation; a) a breach by the Member of any provision of this agreement; b) the Credit Union debiting or crediting of the account of any person as requested by the Member; c) the failure to act or the delay by any financial institution other than the Credit Union. Any written notice to the Credit Union by the Member must be hand delivered to any branch during business hours or sent by U.S. mail or express carrier to the Corporate Office mailing address listed at the bottom of this agreement.
Member Liability. You are responsible for all transfers you authorize using EFT services under this Section II. If you permit other persons to use an EFT service, card, PIN, or access code, you are responsible for any transactions they authorize or conduct on any of your accounts. Fees: EFT service fees are set forth in our Fee Schedule. From time to time, we may charge fees at our sole discretion. We will notify you of any changes as required by law. If you use an ATM not operated by us, the ATM operator or ATM network you use may charge you a surcharge fee. The Credit Union will deduct the ATM surcharge from your account if you elect to complete the transaction. You may not use the card for any illegal or unlawful transactions, and we may decline to authorize any transaction that we believe poses an undue risk of illegality or unlawfulness. If you conduct a debit card transaction and you have opted in to Overdraft Protection, or you conduct any other EFT and overdraw your account, you agree to pay an Overdraft fee as set forth in the Fee Schedule. Right to Receive Documentation
Member Liability. You are responsible for all transactions you authorize using your Visa Debit Card. If you permit someone else to use your card, you are responsible for any transactions they authorize or conduct on any of your accounts. You will not be held responsible for unauthorized transactions made with your Credit Union –issued Visa Debit Card if you exercise reasonable care in safeguarding the card from risk of loss or theft and, upon becoming aware, promptly report the loss or theft to the Credit Union. Under Regulation E, you could have up to
Member Liability. If a MasterCard cardholder does not report the unauthorized use promptly, the cardholder could have up to $500 liability if the loss is not reported within two days of discovery or unlimited liability of the unauthorized transaction if not reported within 60 days of when the unauthorized transaction was reported on a periodic statement.