Common use of ATM Card and Debit Card Transactions Clause in Contracts

ATM Card and Debit Card Transactions. You may use an ATM card or a Debit Card for deposits, for withdrawals, and to verify Account balances. You may also use a Debit Card to purchase goods and services from merchants that participate in certain EFT networks and have agreed to accept your card as a means of payment. If you have a Debit Card with the Mastercard logo, you may purchase goods and services from merchants that accept Mastercard and make withdrawals from your linked BECU Checking or Savings Account at other financial institutions participating in the Mastercard program. You may set recurring payments or store your Debit Card information with merchants or other debiting parties. When changes are made to your Accounts or Debit Card, for example your Debit Card number has been changed or the expiration date has been updated, BECU may use Mastercard’s Automatic Billing Updater (ABU) services to provide your updated Debit Card information on your behalf to participating merchants or debiting parties. This means that if you ever decide to stop automatic bill payments or debits from your Account through your Debit Card, you must contact the merchant or debiting party directly and cancel the payment or debit. If you do not contact the merchant or debiting party to cancel the payment or debit, your updated Debit Card may be used by the merchant or debiting party. BECU reserves the right to terminate or suspend, or reinstate, the functioning of the ABU service at BECU’s discretion for any reason whatsoever, at any time, and without prior notice to Debit Card holders. If you wish to opt-out of the ABU service and to block all participating merchants or debiting parties from receiving your new Debit Card information, please call us at 000-000-0000. Your opt-out request will be completed within five to seven (5-7) business days after receipt.