Reporting Unauthorized Transactions definition

Reporting Unauthorized Transactions. If you believe an unauthorized transaction has been or may be conducted from one of your credit union accounts without your permission, contact us immediately. Please refer to the credit union’s website “locations” page for our business hours, telephone and facsimile numbers. Contacting us immediately will help you reduce possible losses. To the extent a transaction is an electronic funds transfer, you may lose no more than $50.00 if you notify us within two business days of discovering an unauthorized use of the Online Services or your password. You may, however, lose as much as $500.00 if you do not notify us within two business days of discovering the unauthorized use and we can prove that we could have stopped the unauthorized use had we been notified. If you do not report unauthorized transactions that appear on any of your periodic statements within 60 days after such statements are mailed or electronically transmitted to you, you risk unlimited losses on such transactions if we can prove that we could have prevented the unauthorized use had we been notified within this 60-day period. If you are delayed in notifying us for good reason (e.g. extended trip, hospital stay, etc.) we have the option to extend these time periods. In no event will you be liable for more than $50 for any unauthorized line of credit transaction. • Temporary Holds. To facilitate certain electronic transactions we may place temporary holds on funds in your accounts. These holds may be for periods of 36- hours or more, and are used to protect the credit union. The credit union can neither control the parties with whom you do business nor regulate the processing of transactions through the commercial networks used to facilitate your transactions; Therefore, transactions may be processed after the expiration of any such temporary holds, and it is your obligation to insure that sufficient funds are on deposit at all times to cover the your transactions.
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Examples of Reporting Unauthorized Transactions in a sentence

  • Use the Messages option for e-mails for all of your communications with us, including the following types of inquiries: • Electronic Funds Transfer Error Resolution • Reporting Unauthorized Transactions • Contacting us about other concerns of a confidential nature.

  • Reporting Unauthorized Transactions and Errors If you believe that an unauthorized transaction has been made from your Account, or if you believe there has been an error, telephone us immediately at 781-878-0232 or 800-562-7328 or write us at: Rockland Federal Credit Union ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ ▇▇▇▇ Payment is a separate service offered as part of Small Business Online Banking.

  • Use the Messages option for emails for all of your communications with us, including the following types of inquiries: • Electronic Funds Transfer Error Resolution • Reporting Unauthorized Transactions • Contacting us about other concerns of a confidential nature.

  • You may cancel Online Banking access or one or more of the Services by notifying us at the telephone number or address referenced in the section titled Reporting Unauthorized Transactions.

  • Reporting Unauthorized Transactions, Errors or Questions Tell us immediately if you believe: ● Your username or password has been lost or stolen.

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