Embers Credit Union

Embers Credit Union Member Welcome Guide

Embers Credit Union Merger Booklet

Issue link: http://www.epageflip.net/i/1092196

Contents of this Issue

Navigation

Page 16 of 23

16 We may report information about your account to credit bureaus. Late payments, missed payments or other defaults on your account may be reflected in your credit report. Electronic Fund Transfers Your Rights And Responsibilities Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which may not apply to your account. Please read this disclosure carefully because it tells you your rights and obligations for the transactions listed. You should keep this notice for future reference. Electronic Fund Transfers Initiated By Third Parties. You may authorize a third party to initiate electronic fund transfers between your account and the third party's account. These transfers to make or receive payment may be one-time occurrences or may recur as directed by you. These transfers may use the Automated Clearing House (ACH) or other payments network. Your authorization to the third party to make these transfers can occur in a number of ways. For example, your authorization to convert a check or draft to an electronic fund transfer or to electronically pay a returned check or draft charge can occur when a merchant provides you with notice and you go forward with the transaction (typically, at the point of purchase, a merchant will post a sign and print the notice on a receipt). In all cases, these third party transfers will require you to provide the third party with your account number and credit union information. This information can be found on your check or draft as well as on a deposit or withdrawal slip. Thus, you should only provide your credit union and account information (whether over the phone, the Internet, or via some other method) to trusted third parties whom you have authorized to initiate these electronic fund transfers. Examples of these transfers include, but are not limited to: • Preauthorized credits. You may make arrangements for certain direct deposits to be accepted into your share draft or share savings account(s). • Preauthorized payments. You may make arrangements to pay certain recurring bills from your share draft or share savings account(s). • Electronic check or draft conversion. You may authorize a merchant or other payee to make a one- time electronic payment from your checking or share draft account using information from your check or draft to pay for purchases or pay bills. • Electronic returned check or draft charge. You may authorize a merchant or other payee to initiate an electronic funds transfer to collect a charge in the event a check or draft is returned for insufficient funds. Audio Response Telephone Transfers - types of transfers - You may access your account by telephone 24 hours a day at 1-877-221-1092 using your personal identification number, a touch tone phone, and your account numbers, to: • transfer funds from share draft to share draft • transfer funds from share draft to share savings • transfer funds from share savings to share draft • transfer funds from share savings to share savings • transfer funds from line of credit to share draft • transfer funds from line of credit to share savings • make payments from share draft to loan accounts with us • make payments from share savings to loan accounts with us • get information about: - the account balance of share draft accounts • previous account activity on share draft accounts - the account balance of share savings accounts • previous account activity on share savings accounts Your Option to Limit Cash Withdrawals - In addition to dollar amount limitations for withdrawals using your Debit Card and/or code that we may establish, you have the option to limit the amount of cash that can be withdrawn by your Debit Card and/or code to $50.00 per day or some other amount acceptable to us. ATM Transfers - types of transfers and dollar limitations - You may access your account(s) by ATM using your Debit Card and personal identification number, to: • make deposits to share draft or share savings account(s) at ATMs we own or operate • get cash withdrawals from share draft or share savings account(s) - the dollar limit will be disclosed in writing at card issuance • transfer funds from share savings to share draft account(s) • transfer funds from share draft to share savings account(s) • transfer funds from line of credit to share draft account(s) • get information about: - the account balance of your share draft account(s) - the account balance of your share savings account(s) Some of these services may not be available at all terminals. Types of Debit Card Point-of-Sale Transactions - You may access your share draft account(s) to purchase goods (in person or by phone), pay for services (in person or by phone), get cash from a merchant, if the merchant permits, or from a participating financial institution, and do anything that a participating merchant will accept. Point-of-Sale Transactions - dollar limitations - Using your card: • daily withdrawal limits apply; contact the credit union for more information Currency Conversion and Cross-Border Transaction Fees. If you effect a transaction with your Debit Card in a currency other than US Dollars, Mastercard ® will convert the charge into a US Dollar amount. The Mastercard currency conversion procedure includes use of either a government-mandated exchange rate, or a wholesale exchange rate selected by Mastercard. The exchange rate Mastercard uses will be a rate in effect on the day the transaction is processed. This rate may differ from the rate in effect on the date of purchase or the date the transaction was posted to your account.

Articles in this issue

Archives of this issue

view archives of Embers Credit Union - Embers Credit Union Member Welcome Guide