POINT-OF-SALE PURCHASES. You may use your Debit Card to pay for goods and services at retail locations displaying the symbols of the networks in which we participate. We will charge the amount of your purchases to the primary checking account you designated for the POS service. Cash refunds will not be made to you for purchases made with your Debit Card. If a merchant gives you a credit for merchandise returns or adjustments, it may do so by processing a credit adjustment, which we will apply as a credit to the account from which the original funds were debited. When you use your Debit Card to pay for goods or services, certain merchants may ask us to authorize the transaction in advance and may estimate its final value. When we authorize the transaction, we commit to make the requested funds available when the transaction finally settles and may place a temporary hold on your account for the amount indicated by the merchant. Until the transaction finally settles or we determine that it is unlikely to be processed, the funds subject to the hold will not be available to you for other purposes. We will only charge your account for the final amount of the transaction and we will release any excess amount when the transaction settles. Since your card is not a credit card, if you have a dispute with the merchant regarding the quality, price, warranty or otherwise of the goods or services you purchase with your card, you may have to settle your dispute with the merchant directly. We are not responsible for a merchant’s actions, including any misrepresentations by a merchant.
POINT-OF-SALE PURCHASES. You may use your Card to make purchases at points-of-sale.
POINT-OF-SALE PURCHASES. Holds for Purchase Transactions When you make a purchase with your debit card, the amount of the purchase is not deducted from your designated checking account immediately. First, the merchant sends us an electronic message to check if you have enough money in your account to complete the purchase. If the payment is authorized, we receive the transaction for payment later. Until we receive the transaction for payment, we hold funds in your account for the transaction for up to three business days. This hold on your account will reduce the amount of money that you can use, and may result in an overdraft if we receive other transactions before your debit card purchase is paid, and can result in a Paid NSF/OD Hold Fee or a Return NSF/OD Hold Fee. Please see the Miscellaneous Fee Schedule for the current fee.
POINT-OF-SALE PURCHASES. Holds for Purchase Transactions When you make a purchase with your debit card, the amount of the purchase is not deducted from your designated checking account immediately. First, the merchant sends us an electronic message to check if you have enough money in your account to complete the purchase. If the payment is authorized, we receive the transaction for payment later. Until we receive the transaction for payment, we hold funds in your account for the transaction for up to three business days. Please refer to the Overdraft Privilege Disclosure on how holds may affect the Available Balance in your account and the assessment of overdraft and insufficient/non-sufficient funds (“NSF/OD”) fees. This hold on your account will reduce the amount of money that you can use, and may result in an overdraft if we receive other transactions before your debit card purchase is paid, and can result in a Paid NSF/OD Fee or a Return (RTN) NSF/OD Fee. Please see the Miscellaneous Fee Schedule for the current fee.
