TERMS AND CONDITIONS
OF YOUR ACCOUNT
IMPORTANT ACCOUNT OPENING INFORMATION -
Federal law requires us to obtain sufficient information to verify your identity.
You may be asked several questions and to provide one or more forms of identification
to fulfill this requirement. In some instances we may use outside sources to confirm
the information. The information you provide is protected by our privacy policy
and federal law.
AGREEMENT - This document, along
with any other documents we give you pertaining to your account(s), is a contract
that establishes rules which control your account(s) with us. Please read this carefully.
If you sign the signature card or open or continue to have your account with us,
you agree to these rules. You will receive a separate schedule of rates, qualifying
balances, and fees if they are not included in this document. If you have any questions,
please call us.
This agreement is subject to applicable
federal laws and the laws of the state of California (except to the extent that
this agreement can and does vary such rules or laws). The body of state and federal
law that governs our relationship with you, however, is too large and complex to
be reproduced here. The purpose of this document is to:
- summarize some laws that apply to common
transactions;
- establish rules to cover transactions
or events which the law does not regulate;
- establish rules for certain transactions
or events which the law regulates but permits variation by agreement; and
- give you disclosures of some of
our policies to which you may be entitled or in which you may be interested.
If any provision of this document is found
to be unenforceable according to its terms, all remaining provisions will continue
in full force and effect. We may permit some variations from our standard agreement,
but we must agree to any variation in writing either on the signature card for your
account or in some other document.
As used in this document the words
"we," "our," and "us" mean the financial institution and the words "you" and "your"
mean the account holder(s) and anyone else with the authority to deposit, withdraw,
or exercise control over the funds in the account. The headings in this document
are for convenience or reference only and will not govern the interpretation of
the provisions. Unless it would be inconsistent to do so, words and phrases used
in this document should be construed so the singular includes the plural and the
plural includes the singular.
BYLAWS - Our bylaws, which we
may amend from time to time, establish basic rules about our credit union policies
and operations which affect your account and membership. You may obtain a copy of
the bylaws on request. Our right to require you to give us notice of your intention
to withdraw funds from your account is described in the bylaws. Unless we have agreed
otherwise, you are not entitled to receive any original item after it is paid, although
you may request that we send you an item(s) or a copy of an item(s). Dividends are
based on current earnings and available earnings of the credit union, after providing
for required reserves.
LIABILITY - You agree, for yourself
(and the person or entity you represent if you sign as a representative of another)
to the terms of this account and the schedule of charges. You authorize us to deduct
these charges directly from the account balance as accrued. You will pay any additional
reasonable charges for services you request which are not covered by this agreement.
Each of you also agrees to be jointly
and severally (individually) liable for any account shortage resulting from charges
or overdrafts, whether caused by you or another with access to this account. This
liability is due immediately, and can be deducted directly from the account balance
whenever sufficient funds are available. You have no right to defer payment of this
liability, and you are liable regardless of whether you signed the item or benefited
from the charge or overdraft. This includes liability for our costs to collect the
deficit including, to the extent permitted by law, our reasonable attorneys' fees.
DEPOSITS - We will give only
provisional credit until collection is final for any items, other than cash, we
accept for deposit (including items drawn "on us"). We are not responsible for transactions
by mail or outside depository until we actually record them. We will treat and record
all transactions received after our "daily cutoff time" on a business day we are
open, or received on a day we are not open for business, as if initiated on the
next following business day that we are open.
WITHDRAWALS - Unless clearly
indicated otherwise on the account records, any of you, acting alone, who signs
in the space designated for signatures on the signature card may withdraw or transfer
all or any part of the account balance at any time. Each of you (until we receive
written notice to the contrary) authorizes each other person signing the signature
card to indorse any item payable to you or your order for deposit to this account
or any other transaction with us. We may charge your account for a check even though
payment was made before the date of the check, unless we have received written notice
of the postdating in time to have a reasonable opportunity to act. We may refuse
any withdrawal or transfer request which you attempt on forms not approved by us,
by any method we do not specifically permit, which is greater in number than the
frequency permitted, or which is for an amount greater or less than any withdrawal
limitations. Even if we honor a nonconforming request, we may treat continued abuse
of the stated limitations (if any) as your act of closing the account. We will use
the date the transaction is completed by us (as opposed to the date you initiate
it) to apply the frequency limitations. The fact that we may honor withdrawal requests
that overdraw the available account balance does not obligate us to do so later.
See the funds availability policy disclosure for information about when you can
withdraw funds you deposit. For those accounts for which our funds availability
policy disclosure does not apply, you can ask us when you make a deposit when those
funds will be available for withdrawal.
OWNERSHIP OF ACCOUNT AND BENEFICIARY
DESIGNATION - These rules apply to this account depending on the form of ownership
and beneficiary designation, if any, specified on the account records. We reserve
the right to refuse some forms of ownership on any or all of our accounts. We make
no representations as to the appropriateness or effect of the ownership and beneficiary
designations, except as they determine to whom we pay the account funds. As used
in this agreement "party" means a person who, by the terms of the account, has a
present right, subject to request, to payment from a multiple-party account other
than as an agent.
Individual Account - This account
or certificate is an account in the name of one person.
Joint Account - This account or certificate
is owned by the named parties. Upon the death of any of them, ownership passes to
the survivor(s).
Trust Account Subject to Separate
Agreement - We will abide by the terms of any separate agreement which clearly
pertains to this account and which you file with us. Any additional consistent terms
stated on this form will also apply.
STOP PAYMENTS - You must make
any stop-payment order in the manner required by law and we must receive it in time
to give us a reasonable opportunity to act on it before our stop-payment cutoff
time. To be effective, your stop-payment order must precisely identify the number,
date and amount of the item, and the payee.
You may stop payment on any item drawn
on your account whether you sign the item or not, if you have an equal or greater
right to withdraw from this account than the person who signed the item. A release
of the stop-payment request may be made only by the person who initiated the stop-payment
order.
Our stop-payment cutoff time is one
hour after the opening of the next banking day after the banking day on which we
receive the item. Additional limitations on our obligation to stop payment are provided
by law (e.g., we paid the item in cash or we certified the item).
TELEPHONE TRANSFERS - A telephone
transfer of funds from this account to another account with us, if otherwise arranged
for or permitted, may be made by the same persons and under the same conditions
generally applicable to withdrawals made in writing. Unless a different limitation
is disclosed in writing, we restrict the number of transfers from a savings account
to another account or to third parties, to a maximum of six per month (less the
number of "preauthorized transfers" during the month). Other account transfer restrictions
may be described elsewhere.
AMENDMENTS AND TERMINATION -
We may change our bylaws and any term of this agreement. Rules governing changes
in rates are provided separately. For other changes we will give you reasonable
notice in writing or by any other method permitted by law. We may close this account
if your membership in the credit union terminates, or by giving reasonable notice
to you and tender of the account balance personally or by mail. At our option, we
may suspend your rights to member services if you violate the terms of this agreement.
You must keep us informed of your current address at all times. Notice from us to
any one of you is notice to all of you.
STATEMENTS - You must examine
your statement of account with "reasonable promptness." If you discover (or reasonably
should have discovered) any unauthorized signatures or alterations, you must promptly
notify us of the relevant facts. As between you and us, if you fail to do either
of these duties, you will have to either share the loss with us, or bear the loss
entirely yourself (depending on whether we used ordinary care and, if not, whether
we contributed to the loss). The loss could be not only with respect to items on
the statement but other items with unauthorized signatures or alterations by the
same wrongdoer.
You agree that the time you have to
examine your statement and report to us will depend on the circumstances, but will
not, in any circumstance, exceed a total of 30 days from when the statement is first
sent or made available to you.
You further agree that if you fail
to report any unauthorized signatures, alterations, forgeries, or any other errors
in your account within 60 days of when we first send or make the statement available,
you cannot assert a claim against us on any items in that statement, and as between
you and us the loss will be entirely yours. This 60-day limitation is without regard
to whether we used ordinary care. The limitation in this paragraph is in addition
to that contained in the first paragraph of this section.
ACCOUNT TRANSFER - This account
may not be transferred or assigned without our prior written consent.
DIRECT DEPOSITS - If, in connection
with a direct deposit plan, we deposit any amount in an account which should have
been returned to the Federal Government for any reason, you authorize us to deduct
the amount of our liability to the Federal Government from the account or from any
other account you have with us, without prior notice and at any time, except as
prohibited by law. We may also use any other legal remedy to recover the amount
of our liability.
RIGHT TO REPAYMENT OF INDEBTEDNESS
- You each agree that we may (without prior notice and when permitted by law)
charge against and deduct from this account any due and payable debt owed to us
now or in the future, by any of you having the right of withdrawal, to the extent
of such persons' or legal entity's right to withdraw. If the debt arises from a
note, "any due and payable debt" includes the total amount of which we are entitled
to demand payment under the terms of the note at the time we charge the account,
including any balance the due date for which we properly accelerate under the note.
In addition to these contract rights,
we may also have rights under a "statutory lien." A "lien" on property is a creditor's
right to obtain ownership of the property in the event a debtor defaults on a debt.
A "statutory lien" is one created by federal or state statute. If federal or state
law provides us with a statutory lien, then we are authorized to apply, without
prior notice, your shares and dividends to any debt you owe us, in accord with the
statutory lien.
Neither our contract rights nor rights
under a statutory lien apply to this account if: (a) it is an Individual Retirement
Account or other tax-deferred retirement account, or (b) the debt is created by
a consumer credit transaction under a credit card plan (but this does not affect
our rights under any consensual security interest), or (c) the debtor's right of
withdrawal arises only in a representative capacity. We will not be liable for the
dishonor of any check or draft when the dishonor occurs because we charge and deduct
an amount you owe us from your account. You agree to hold us harmless from any claim
arising as a result of our exercise of our right to repayment.
AUTHORIZED SIGNER (Individual Accounts
only) - A single individual is the owner. The authorized signer is merely designated
to conduct transactions on the owner's behalf. We undertake no obligation to monitor
transactions to determine that they are on the owner's behalf.
RESTRICTIVE LEGENDS - We are
not required to honor any restrictive legend on checks you write unless we have
agreed in writing to the restriction. Examples of restrictive legends are "must
be presented within 90 days" or "not valid for more than $1,000.00."
PAYMENT ORDER OF ITEMS - The law permits us to pay items (such
as checks or drafts) drawn on your account in any order. To assist you in handling
your account with us, we are providing you with the following information regarding
how we process the items that you write. When processing items drawn on your account,
our policy is to pay them in the order that they are received. The order in which
items are paid is important if there is not enough money in your account to pay
all of the items that are presented. There is no policy that is favorable in every
instance. If the smallest items are paid first, you may have fewer NSF or overdraft
fees, but the largest, and perhaps more important items (such as rent or mortgage
payments) might not be paid. If an item is presented without sufficient funds in
your account to pay it, we may, at our discretion, pay the item (creating an overdraft)
or return the item (NSF). The amounts of the overdraft and NSF fees are disclosed
elsewhere. By paying items in the order that we receive them, we think our policy
attains a reasonable balance between minimizing additional cost to you and paying
your more important items. We encourage you to make careful records and practice
good account management. This will help you to avoid writing checks or drafts without
sufficient funds and incurring the resulting fees.
PLEDGES - Unless we agree otherwise in
writing, each owner of this account may pledge all or any part of the funds in it
for any purpose to which we agree. Any pledge of this account must first be satisfied
before the rights of any surviving account owner or account beneficiary become effective.
ACH AND WIRE TRANSFERS - This
agreement is subject to Article 4A of the Uniform Commercial Code - Fund Transfers
as adopted in the state in which you have your account with us. If you originate
a fund transfer for which Fedwire is used, and you identify by name and number a
beneficiary financial institution, an intermediary financial institution or a beneficiary,
we and every receiving or beneficiary financial institution may rely on the identifying
number to make payment. We may rely on the number even if it identifies a financial
institution, person or account other than the one named. You agree to be bound by
automated clearing house association rules. These rules provide, among other things,
that payments made to you, or originated by you, are provisional until final settlement
is made through a Federal Reserve Bank or payment is otherwise made as provided
in Article 4A-403(a) of the Uniform Commercial Code. If we do not receive such payment,
we are entitled to a refund from you in the amount credited to your account and
the party originating such payment will not be considered to have paid the amount
so credited. If we receive a credit to an account you have with us by wire or ACH,
we are not required to give you any notice of the payment order or credit.
FICTITIOUS BUSINESS NAME ACCOUNTS
- If the name in which the account is held is fictitious, each account holder
represents that one or more of the account holders have the right to use that name
and have fulfilled all legal requirements for using and or doing business under
that name.
FACSIMILE SIGNATURES - You authorize
us, at any time, to charge you for all checks, drafts, or other orders, for the
payment of money, that are drawn on us regardless of by whom or by what means the
facsimile signature(s) may have been affixed so long as they resemble the facsimile
signature specimen filed with us, and contain the required number of signatures
for this purpose.
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OVERDRAFT PRIVILEGE
The credit union, at its discretion,
may pay ACH items and checks and certain electronic entries through its Overdraft
Privilege service. To be eligible for this service, your checking account must be
opened for 60 days, you cannot have any past due credit accounts, you cannot have
NSF abuse on your account, and you cannot be currently negative. If items are covered,
they will be paid based on the order of presentment within the file. Debit card
items, if previously approved, will be covered. A fee will be charged for each item
that is covered through the Overdraft Privilege service (please see our Fee Schedule
for current Overdraft Privilege fees). If you have any questions or would like to
exercise your right to opt-out of this service, please contact a Member Service
Representative at (619) 641-1100 or (877) 473-6328.
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NOTICE OF NEGATIVE INFORMATION
Federal law requires us to provide the following
notice to members before any "negative information" may be furnished to a nationwide
consumer reporting agency. "Negative information" includes information concerning
delinquencies, overdrafts or any form of default. This notice does not mean that
we will be reporting such information about you, only that we may report such information
about members that have not done what they are required to do under our agreement.
After providing this notice, additional
negative information may be submitted without providing another notice.
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.
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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 to an electronic fund transfer or to electronically
pay a returned check 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 bank information. This information can be found
on your check as well as on a deposit or withdrawal slip. Thus, you should only
provide your bank 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 checking or share
savings account(s).
- Preauthorized payments.
You may make arrangements to pay certain recurring bills from your checking or share
savings account(s).
- Electronic check conversion.
You may authorize a merchant or other payee to make a one-time electronic payment
from your checking account using information from your check to pay for purchases
or pay bills.
- Electronic returned check
charge. You may authorize a merchant or other payee to initiate an electronic
funds transfer to collect a charge in the event a check is returned for insufficient
funds.
MCU Direct Telephone Transfers - types
of transfers - You may access your account by telephone 24 hours a day at (619)
641-1120 using personal identification number, a touch tone phone, and your account
number(s), to:
- transfer funds from checking
to share savings
- transfer funds from share
savings to checking
- transfer funds from share
savings to share savings
- make payments from checking
to loan accounts with us
- make payments from share
savings to loan accounts with us
- get information about:
- the account balance of checking accounts
- the last 30 days of transactions
to checking accounts
- the account balance of share
savings accounts
- the last 30 days of transactions
to share savings accounts
ATM Transfers - types of transfers and
dollar limitations - You may access your account(s) by ATM using your ATM card
and personal identification number or MasterCard® debit card and personal identification
number, to:
- make deposits to checking account(s)
with an ATM card
- make deposits to checking
account(s) with a debit card
- make deposits to share
savings account(s) with an ATM card
- make deposits to share
savings account(s) with a debit card
- get cash withdrawals
from checking account(s) with an ATM card
- you may withdraw no more than $300.00
per day
- get cash withdrawals from checking
account(s) with a debit card
- you may withdraw no more than $300.00
per day
- get cash withdrawals from share
savings account(s) with an ATM card
- you may withdraw no more than $300.00
per day
- get cash withdrawals from share
savings account(s) with a debit card
- you may withdraw no more than $300.00
per day
- transfer funds from share savings
to checking account(s) with an ATM card
- transfer funds from share
savings to checking account(s) with a debit card
- transfer funds from checking
to share savings account(s) with an ATM card
- transfer funds from checking
to share savings account(s) with a debit card
- get information about:
- the account balance of your checking
account(s)
- with an ATM card
- with a debit card
- the account balance of your share
savings accounts
- with an ATM card
- with a debit card
Some of these services may not be available
at all terminals.
Types of ATM Card Point-of-Sale
Transactions - You may access your checking account(s) to purchase goods (in
person), pay for services (in person), and get cash from a merchant, if the merchant
permits, or from a participating financial institution.
Point-of-Sale Transactions - dollar
limitations - Using your card:
- you may not exceed $300.00 in
transactions per 24-hour period
Types of MasterCard® Debit Card Point-of-Sale
Transactions - You may access your checking account(s) to purchase goods (in
person, online, or by phone), pay for services (in person, online, 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 (Signature based)
Transactions - dollar limitations - Using your card:
- you may not exceed $1,500.00
per 24-hour period
Point-of-Sale Transactions (PIN
based) - dollar limitations - Using your card:
- you may not exceed
$300.00 per 24-hour period
Currency Conversion and Cross-Border Transaction
Fees. If you effect a transaction with your MasterCard® 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.
MasterCard charges us a Currency Conversion
Assessment of 20 basis points (.2% of the transaction) for performing the currency
conversion. In addition, MasterCard charges us an Issuer Cross-Border Assessment
of 80 basis points (.8% of the transaction) on all cross-border transactions regardless
of whether there is a currency conversion. As a result, we charge you a Currency
Conversion fee of .2% and a Cross-Border Transaction fee of .8%. The Cross-Border
Transaction fee is charged on all cross-border transactions regardless of whether
there is a currency conversion. A cross-border transaction is a transaction processed
through the Global Clearing Management System or the MasterCard Debit Switch in
which the country of the merchant is different than the country of the cardholder.
Advisory Against Illegal Use. You
agree not to use your card(s) for illegal gambling or other illegal purpose. Display
of a payment card logo by, for example, an online merchant does not necessarily
mean that transactions are lawful in all jurisdictions in which the cardholder may
be located.
ICU Computer Transfers - types of transfers
- You may access your account(s) by computer through the internet by logging
onto our website at www.sdmfcu.org and using your password and account numbers,
to:
- transfer funds from checking
to checking
- transfer funds from checking
to share savings
- transfer funds from share
savings to checking
- transfer funds from share
savings to share savings
- make payments from checking
to loan account(s) with us
- make payments from checking
to third parties (with Bill Pay and Funds Transfer only)
- make payments from share
savings to loan account(s) with us
- get information about:
- the account balance of checking account(s)
- the account balance of share
savings account(s)
FEES
- We do not charge for direct
deposits to any type of account.
- We do not charge for
preauthorized payments from any type of account.
- Please refer to our separate
fee schedule for additional information about fees.
Except as indicated elsewhere, we do not charge
for these electronic fund transfers.
ATM Operator/Network Fees. When you
use an ATM not owned by us, you may be charged a fee by the ATM operator or any
network used (and you may be charged a fee for a balance inquiry even if you do
not complete a fund transfer).
DOCUMENTATION
- Terminal transfers. You can
get a receipt at the time you make any transfer to or from your account using one
of our automated teller machines or point-of-sale terminals.
- Preauthorized credits.
If you have arranged to have direct deposits made to your account at least once
every 60 days from the same person or company, you can call us at (619) 641-1100
to find out whether or not the deposit has been made.
- Periodic statements.
You will get a monthly account statement from
us for your checking accounts.
You will get a monthly account statement
from us for your share savings accounts, unless there are no transfers in a particular
month. In any case, you will get a statement at least quarterly.
PREAUTHORIZED PAYMENTS
- Right to stop payment and procedure
for doing so. If you have told us in advance to make regular payments out of
your account, you can stop any of these payments. Here is how:
Call or write us at the telephone number or
address listed in this brochure in time for us to receive your request 3 business
days or more before the payment is scheduled to be made. If you call, we may also
require you to put your request in writing and get it to us within 14 days after
you call.
Please refer to our separate fee schedule
for the amount we will charge you for each stop-payment order you give.
- Notice of varying amounts. If
these regular payments may vary in amount, the person you are going to pay will
tell you, 10 days before each payment, when it will be made and how much it will
be. (You may choose instead to get this notice only when the payment would differ
by more than a certain amount from the previous payment, or when the amount would
fall outside certain limits that you set.)
- Liability for failure to
stop payment of preauthorized transfer. If you order us to stop one of these
payments 3 business days or more before the transfer is scheduled, and we do not
do so, we will be liable for your losses or damages.
FINANCIAL INSTITUTION'S LIABILITY
Liability for failure to make transfers.
If we do not complete a transfer to or from your account on time or in the correct
amount according to our agreement with you, we will be liable for your losses or
damages. However, there are some exceptions. We will not be liable, for instance:
- If, through no fault of ours, you do not
have enough money in your account to make the transfer.
- If you have an overdraft line and
the transfer would go over the credit limit.
- If the automated teller machine
where you are making the transfer does not have enough cash.
- If the terminal or system was not
working properly and you knew about the breakdown when you started the transfer.
- If circumstances beyond our control
(such as fire or flood) prevent the transfer, despite reasonable precautions that
we have taken.
- There may be other exceptions stated
in our agreement with you.
CONFIDENTIALITY
We will disclose information to third parties
about your account or the transfers you make:
- where it is necessary for completing transfers;
or
- in order to verify the existence
and condition of your account for a third party, such as a credit bureau or merchant;
or
- in order to comply with government
agency or court orders; or
- as explained in the separate Privacy
Disclosure.
UNAUTHORIZED TRANSFERS
(a) Consumer liability.
• Generally. Tell us at
once if you believe your card and/or code has been lost or stolen, or if you believe
that an electronic fund transfer has been made without your permission using information
from your check or draft. Telephoning is the best way of keeping your possible losses
down. You could lose all the money in your account (plus your maximum overdraft
line of credit). If you believe your card and/or code has been lost or stolen, and
you tell us within 2 business days after you learn of the loss or theft of
your card and/or code you can lose no more than $50 if someone used
your card and/or code without your permission. Also, if you do NOT tell us within
2 business days after you learn of the loss or theft of your card and/or code, and
we can prove we could have stopped someone from using your card and/or code without
your permission if you had told us, you could lose as much as $500.
Also, if your statement shows transfers made by
card, code or other means that you did not make, tell us at once. If you do not
tell us within 60 days after the statement was mailed to you, you may not get back
any money you lost after the 60 days if we can prove that we could have stopped
someone from taking the money if you had told us in time.
If a good reason (such as a long trip
or a hospital stay) kept you from telling us, we may extend the time periods.
• Limited Liability for MasterCard®
Debit Card. Your liability is further limited if your card can be used to initiate
a transaction for which you are not required to provide identifying information,
such as a Personal Identification Number. You could lose all the money in your account.
Your liability for the unauthorized use of your card will be no more than $50 if
you notify us of the unauthorized use.
SPECIAL NOTICE TO MASTERCARD
DEBIT CARDHOLDERS
If there is an unauthorized use of
your MasterCard Debit Card then your liability will be zero ($0.00) so as long
as:
- You exercised reasonable care in
safeguarding your card from risk of loss or theft;
- You have not reported two or more
incidents of unauthorized use within the preceding twelve (12) months; and
- Your account is in good standing.
If you cannot meet these requirements
then your liability with respect to unauthorized transactions may be greater than
the above zero ($0.00) liability limit, to the extent allowed under applicable law.
In any case, to minimize your potential liability your should notify us of any unauthorized
use no later than 60 days after your statement was mailed to you. This provision
limiting your liability does not apply to either MasterCard commercial cards or
ATM cash disbursements.
If any of these conditions are not
met, your liability is the lesser of $50 or the amount of money, property, labor,
or services obtained by the unauthorized use before notification to us.
If you fail to notify us of an unauthorized
use that appears on a periodic statement within 60 days of our transmittal of the
statement, and we can establish that we could have prevented the unauthorized use
if you had notified us within this period, you will be liable for each unauthorized
transfer (other than MasterCard® point-of-sale transactions) that occurs after
the close of the 60 days and before you give us notice. Regardless, your liability
for unauthorized point-of-sale transactions will be no more than $50, as described
above.
If you fail to notify us because of
extenuating circumstances beyond your control that contributed to your delay in
notifying us, such as a serious physical impairment or hospitalization, this time
period may be extended.
(b) Contact in event of unauthorized
transfer. If you believe your card and/or code has been lost or stolen, call
or write us at the telephone number or address listed in this brochure. You should
also call the number or write to the address listed in this brochure if you believe
a transfer has been made using the information from your check or draft without
your permission.
ERROR RESOLUTION NOTICE
In Case of Errors or Questions About Your
Electronic Transfers, Call or Write us at the telephone number or address listed
in this brochure, as soon as you can, if you think your statement or receipt is
wrong or if you need more information about a transfer listed on the statement or
receipt. We must hear from you no later than 60 days after we sent the FIRST statement
on which the problem or error appeared.
- Tell us your name and account number (if
any).
- Describe the error or the transfer
you are unsure about, and explain as clearly as you can why you believe it is an
error or why you need more information.
- Tell us the dollar amount of the
suspected error.
If you tell us orally, we may require that
you send us your complaint or question in writing within 10 business days.
We will determine whether an error
occurred within 10 business days (20 business days if the transfer involved a new
account) after we hear from you and will correct any error promptly. If we need
more time, however, we may take up to 45 days (90 days if the transfer involved
a new account, a point-of-sale transaction, or a foreign-initiated transfer) to
investigate your complaint or question. If we decide to do this, we will credit
your account within 10 business days (20 business days if the transfer involved
a new account) for the amount you think is in error, so that you will have the use
of the money during the time it takes us to complete our investigation. If we ask
you to put your complaint or question in writing and we do not receive it within
10 business days, we may not credit your account. Your account is considered a new
account for the first 30 days after the first deposit is made, unless each of you
already has an established account with us before this account is opened.
We will tell you the results within
three business days after completing our investigation. If we decide that there
was no error, we will send you a written explanation.
You may ask for copies of the documents
that we used in our investigation.
SD MEDICAL FEDERAL CREDIT UNION
ADMINISTRATION DEPARTMENT
8889 RIO SAN DIEGO DRIVE, SUITE 100
SAN DIEGO, CALIFORNIA 92108
Business Days: Monday through Friday
Excluding Federal Holidays
Phone: (619) 641-1100 or 877-473-6328 • Fax (619) 641-1111
MORE DETAILED INFORMATION IS AVAILABLE ON REQUEST
NOTICE OF ATM/NIGHT DEPOSIT
FACILITY
USER PRECAUTIONS
As with all financial transactions, please
exercise discretion when using an automated teller machine (ATM) or night deposit
facility. For your own safety, be careful. The following suggestions may be helpful.
- Prepare for your transactions at home
(for instance, by filling out a deposit slip) to minimize your time at the ATM or
night deposit facility.
- Mark each transaction in
your account record, but not while at the ATM or night deposit facility. Always
save your ATM receipts. Don't leave them at the ATM or night deposit facility because
they may contain important account information.
- Compare your records with the account statements
you receive.
- Don't lend your ATM card to anyone.
- Remember, do not leave your card
at the ATM. Do not leave any documents at a night deposit facility.
- Protect the secrecy of your Personal
Identification Number (PIN). Protect your ATM card as though it were cash. Don't
tell anyone your PIN. Don't give anyone information regarding your ATM card or PIN
over the telephone. Never enter your PIN in any ATM that does not look genuine,
has been modified, has a suspicious device attached, or is operating in a suspicious
manner. Don't write your PIN where it can be discovered. For example, don't keep
a note of your PIN in your wallet or purse.
- Prevent others from seeing you
enter your PIN by using your body to shield their view.
- If you lose your ATM card or if
it is stolen, promptly notify us. You should consult the other disclosures you have
received about electronic fund transfers for additional information about what to
do if your card is lost or stolen.
- When you make a transaction, be
aware of your surroundings. Look out for suspicious activity near the ATM or night
deposit facility, particularly if it is after sunset. At night, be sure that the
facility (including the parking area and walkways) is well lighted. Consider having
someone accompany you when you use the facility, especially after sunset. If you
observe any problem, go to another ATM or night deposit facility.
- Don't accept assistance from anyone
you don't know when using an ATM or night deposit facility.
- If you notice anything suspicious
or if any other problem arises after you have begun an ATM transaction, you may
want to cancel the transaction, pocket your card and leave. You might consider using
another ATM or coming back later.
- Don't display your cash; pocket
it as soon as the ATM transaction is completed and count the cash later when you
are in the safety of your own car, home, or other secure surrounding.
- At a drive-up facility, make sure
all the car doors are locked and all of the windows are rolled up, except the driver's
window. Keep the engine running and remain alert to your surroundings.
- We want the ATM and night deposit
facility to be safe and convenient for you. Therefore, please tell us if you know
of any problem with a facility. For instance, let us know if a light is not working
or there is any damage to a facility. Please report any suspicious activity or crimes
to both the operator of the facility and the local law enforcement officials immediately.
--------------------------
YOUR ABILITY TO WITHDRAW FUNDS
This policy statement applies to all accounts.
Our policy is to delay the availability
of funds from your check deposits. During the delay, you may not withdraw the funds
in cash and we will not use the funds to pay checks that you have written.
Please remember that even after we
have made funds available to you, and you have withdrawn the funds, you are still
responsible for checks you deposit that are returned to us unpaid and for any other
problems involving your deposit.
DETERMINING THE AVAILABILITY OF A DEPOSIT
The length of the delay is counted in business
days from the day of your deposit. Every day is a business day except Saturdays,
Sundays, and federal holidays. If you make a deposit before closing on a business
day that we are open, we will consider that day to be the day of your deposit. However,
if you make a deposit after closing or on a day we are not open, we will consider
that the deposit was made on the next business day we are open.
The length of the delay varies depending
on the type of deposit and is explained below.
If you make a deposit at an ATM before
3:00 P.M. on a business day that we are open, we will consider that day to be the
day of your deposit. However, if you make a deposit at an ATM after 3:00 P.M. or
on a day we are not open, we will consider that the deposit was made on the next
business day we are open.
Same-Day Availability
- Funds from the following deposits will be
available on the day we receive the deposit:
- Electronic direct deposits.
- U.S. Treasury checks that are payable
to you.
- Wire transfers.
- Checks drawn on SD Medical Federal
Credit Union.
- Cash.
- State and local government checks that
are payable to you.
- Cashier's, certified, and teller's
checks that are payable to you.
- Federal Reserve Bank checks, Federal
Home Loan Bank checks, and postal money orders, if these items are payable to you.
Other Check Deposits
The delay for other check deposits depends on
whether the check is a local or a nonlocal check. To see whether a check is a local
or a nonlocal check, look at the routing number on the check:
If the first four digits of the routing
number (1234 in the examples above) are 1220, 3220, 1221, 3221, 1222, 3222, 1223,
3223, 1224, or 3224, then the check is a local check. Otherwise, the check is a
nonlocal check. Some checks are marked "payable through" and have a four- or nine-digit
number nearby. For these checks, use the four-digit number (or the first four digits
of the nine-digit number), not the routing number on the bottom of the check, to
determine if these checks are local or nonlocal. Our policy is to make funds from
local and nonlocal checks available as follows.
1. Local checks. The first $100 from
a deposit of local checks will be available on the first business day after the
day of your deposit. The remaining funds will be available on the second business
day after the day of your deposit.
For example, if you deposit a local
check of $700 on a Monday, $100 of the deposit is available on Tuesday. The remaining
$600 is available on Wednesday.
2. Nonlocal checks. The first $100
from a deposit of nonlocal checks will be available on the first business day after
the day of your deposit. The remaining funds will be available on the fifth business
day after the day of your deposit.
For example, if you deposit a $700
nonlocal check on a Monday, $100 of the deposit is available on Tuesday. The remaining
$600 is available on Monday of the following week.
3. Local and nonlocal checks. If you
deposit both categories of checks, $100 from the checks will be available on the
first business day after the day of your deposit, not $100 from each category of
check.
If we cash a check for you that is
drawn on another bank, we may withhold the availability of a corresponding amount
of funds that are already in your account. Those funds will be available at the
time funds from the check we cashed would have been available if you had deposited
it.
If we accept for deposit a check that
is drawn on another bank, we may make funds from the deposit available for withdrawal
immediately but delay your availability to withdraw a corresponding amount of funds
that you have on deposit in another account with us. The funds in the other account
would then not be available for withdrawal until the time periods that are described
elsewhere in this disclosure for the type of check that you deposited.
LONGER DELAYS MAY APPLY
Funds you deposit by check may be delayed
for a longer period under the following circumstances:
- We believe a check you deposit will not be
paid.
- You deposit checks totaling more than
$5,000 on any one day.
- You redeposit a check that has been
returned unpaid.
- You have overdrawn your account repeatedly
in the last six months.
- There is an emergency, such as failure
of computer or communications equipment.
We will notify you if we delay your ability
to withdraw funds for any of these reasons, and we will tell you when the funds
will be available. They will generally be available no later than the eleventh business
day after the day of your deposit.
SPECIAL RULES FOR NEW ACCOUNTS
If you are a new member, the following special
rules will apply during the first 30 days your account is open.
Funds from deposits of cash, wire transfers,
and electronic direct deposits will be available on the day we receive the deposit.
The first $5,000 of a day's total deposits of cashier's, certified, teller's, traveler's,
and federal, state and local government checks will be available on the first business
day after the day of your deposit if the deposit meets certain conditions. For example,
the checks must be payable to you. The excess over $5,000 will be available on the
ninth business day after the day of your deposit.
Funds from all other check deposits
will be available on the eleventh business day after the day of your deposit.
DEPOSITS AT AUTOMATED TELLER MACHINES
Funds from any deposits (cash or checks) made
at automated teller machines (ATMs) we do not own or operate will not be available
until the fifth business day after the day of your deposit. This rule does not apply
at ATMs that we own or operate.
All ATMs that we own or operate are identified
as our machines.
--------------------------
TRUTH-IN-SAVINGS DISCLOSURE
REGULAR SHARE ACCOUNT
Rate Information:
The dividend rate and annual percentage
yield may change at any time, as determined by the credit union Board of Directors.
Compounding and crediting -
Dividends will be compounded every month. Dividends will be credited to your account
every month.
Dividend period - For this account
type, the dividend period is monthly, for example, the beginning date of the first
dividend period of the calendar year is January 1, and the ending date of such dividend
period is January 31. All other dividend periods follow this same pattern of dates.
The dividend declaration date is the last day of the dividend period, and for the
example above is January 31.
If you close your share account before
dividends are paid, you will not receive the accrued dividends.
Minimum balance requirements:
The minimum balance required to open
this account is $5.00.
You are required to bring your balance
to $50.00 within 60 days or have any additional qualifying services, or the account
will be subject to a monthly below minimum balance fee. Please see our fee schedule
for current fee information.
You must maintain a minimum daily balance
of $100.00 in your account each day to obtain the disclosed annual percentage yield.
Daily balance computation method
- Dividends are calculated by the daily balance method which applies a daily
periodic rate to the balance in the account each day.
Accrual of dividends on noncash deposits
- Dividends will begin to accrue on the business day you place noncash items
(for example, checks) to your account.
Transaction limitations:
The maximum teller-assisted cash withdrawal
we allow is $300.00 per withdrawal.
During any month, you may not make
more than six withdrawals or transfers to another credit union account of yours
or to a third party by means of a preauthorized, automatic, or computer transfer,
or telephonic order or instruction. No more than three of the six transfers may
be made by check, draft, or similar order to a third party. If you exceed the transfer
limitations set forth above, your account will be subject to closure by the credit
union.
Par value of a share:
The par value of a share in this account
is $5.00.
Fees and charges:
An excess withdrawal fee will be charged
for each withdrawal in excess of three during a month.
SUPER SAVER ACCOUNT
Rate Information:
The dividend rate and annual percentage
yield may change at any time, as determined by the credit union Board of Directors.
Compounding and crediting -
Dividends will be compounded every month. Dividends will be credited to your account
every month.
Dividend period - For this account
type, the dividend period is monthly, for example, the beginning date of the first
dividend period of the calendar year is January 1, and the ending date of such dividend
period is January 31. All other dividend periods follow this same pattern of dates.
The dividend declaration date is the last day of the dividend period, and for the
example above is January 31.
If you close your share account before
dividends are paid, you will not receive the accrued dividends.
Minimum balance requirements:
The minimum balance required to open
this account is $1,000.00.
You must maintain a minimum daily balance
of $1,000.00 in your account each day to obtain the disclosed annual percentage
yield.
Daily balance computation method
- Dividends are calculated by the daily balance method which applies a daily
periodic rate to the balance in the account each day.
Accrual of dividends on noncash deposits
- Dividends will begin to accrue on the business day you place noncash items
(for example, checks) to your account.
Transaction limitations:
The minimum deposit we allow is $100.00
per deposit.
The minimum amount you may withdraw
is $100.00 per withdrawal.
If you fail to maintain a minimum daily
balance of $1,000.00 in your Super Saver account, your account will be closed and
the balance transferred to your Regular Share account or other Share account.
During any month, you may not make
more than six withdrawals or transfers to another credit union account of yours
or to a third party by means of a preauthorized, automatic, or computer transfer,
or telephonic order or instruction. No more than three of the six transfers may
be made by check, draft, or similar order to a third party. If you exceed the transfer
limitations set forth above, your account will be subject to closure by the credit
union.
Par value of a share:
The par value of a share in this account
is $5.00.
Fees and charges:
An excess withdrawal/transfer fee will
be charged for each withdrawal or transfer in excess of three during a month.
TRAVEL CLUB ACCOUNT
Rate Information:
The dividend rate and annual percentage
yield may change at any time, as determined by the credit union Board of Directors.
Compounding and crediting -
Dividends will be compounded every month. Dividends will be credited to your account
every month.
Dividend period - For this account
type, the dividend period is monthly, for example, the beginning date of the first
dividend period of the calendar year is January 1, and the ending date of such dividend
period is January 31. All other dividend periods follow this same pattern of dates.
The dividend declaration date is the last day of the dividend period, and for the
example above is January 31.
If you close your share account before
dividends are paid, you will not receive the accrued dividends.
Minimum
balance requirements:
The minimum balance required to open this account
is $5.00.
You must maintain a minimum daily balance
of $5.00 in your account each day to obtain the disclosed annual percentage yield.
Daily balance computation method
- Dividends are calculated by the daily balance method which applies a daily
periodic rate to the balance in the account each day.
Accrual of dividends on noncash deposits
- Dividends will begin to accrue on the business day you place noncash items
(for example, checks) to your account.
Transaction limitations:
The minimum deposit we allow is $5.00
per deposit.
You may not make any withdrawals or
transfers to another credit union account of yours or to a third party by means
of a preauthorized or automatic transfer, telephonic order or instruction, or similar
order to a third party.
If any withdrawal is made from this
account before May 1, then this account may be closed.
Par value of a share:
The par value of a share in this account
is $5.00.
Fees and charges:
On May 1 of each year, all funds on
deposit in your Travel Club account will be withdrawn by us and deposited in your
Regular Share account. Alternatively, you may choose to have a check mailed to you.
A closing fee will be charged if any
withdrawal is made from this account between May 1 and April 30 of the following
year.
CHRISTMAS CLUB ACCOUNT
Rate Information:
The dividend rate and annual percentage
yield may change at any time, as determined by the credit union Board of Directors.
Compounding and crediting -
Dividends will be compounded every month. Dividends will be credited to your account
every month.
Dividend period - For this account
type, the dividend period is monthly, for example, the beginning date of the first
dividend period of the calendar year is January 1, and the ending date of such dividend
period is January 31. All other dividend periods follow this same pattern of dates.
The dividend declaration date is the last day of the dividend period, and for the
example above is January 31.
If you close your share account before
dividends are paid, you will not receive the accrued dividends.
Minimum balance requirements:
The minimum balance required to open
this account is $5.00.
You must maintain a minimum daily balance
of $5.00 in your account each day to obtain the disclosed annual percentage yield.
Daily balance computation method
- Dividends are calculated by the daily balance method which applies a daily
periodic rate to the balance in the account each day.
Accrual of dividends on noncash deposits
- Dividends will begin to accrue on the business day you place noncash items
(for example, checks) to your account.
Transaction limitations:
The minimum deposit we allow is $5.00
per deposit.
You may not make any withdrawals or
transfers to another credit union account of yours or to a third party by means
of a preauthorized or automatic transfer, telephonic order or instruction, or similar
order to a third party.
If any withdrawal is made from this
account before November 1, then this account may be closed.
Par value of a share:
The par value of a share in this account
is $5.00.
Fees and charges:
On November 1 of each year, all funds
on deposit in your Christmas Club account will be withdrawn by us and deposited
in your Regular Share account. Alternatively, you may choose to have a check mailed
to you.
A closing fee will be charged if any
withdrawal is made from this account between November 15 and October 31 of the following
year.
BEGINNERS CLUB ACCOUNT
Rate Information:
The dividend rate and annual percentage
yield may change at any time, as determined by the credit union Board of Directors.
Compounding and crediting -
Dividends will be compounded every month. Dividends will be credited to your account
every month.
Dividend period - For this account
type, the dividend period is monthly, for example, the beginning date of the first
dividend period of the calendar year is January 1, and the ending date of such dividend
period is January 31. All other dividend periods follow this same pattern of dates.
The dividend declaration date is the last day of the dividend period, and for the
example above is January 31.
If you close your share account before
dividends are paid, you will not receive the accrued dividends.
Minimum balance requirements:
The minimum balance required to open
this account is $5.00.
You must maintain a minimum daily balance
of $5.00 in your account each day to obtain the disclosed annual percentage yield.
Daily balance computation method
- Dividends are calculated by the daily balance method which applies a daily
periodic rate to the balance in the account each day.
Accrual of dividends on noncash deposits
- Dividends will begin to accrue on the business day you place noncash items
(for example, checks) to your account.
Transaction limitations:
The minimum deposit we allow is $5.00
per deposit.
Par value of a share:
The par value of a share in this account
is $5.00.
BONUS SHARE ACCOUNT
Rate Information:
The dividend rate and annual percentage
yield may change at any time, as determined by the credit union Board of Directors.
Compounding and crediting -
Dividends will be compounded every month. Dividends will be credited to your account
every month.
Dividend period - For this account
type, the dividend period is monthly, for example, the beginning date of the first
dividend period of the calendar year is January 1, and the ending date of such dividend
period is January 31. All other dividend periods follow this same pattern of dates.
The dividend declaration date is the last day of the dividend period, and for the
example above is January 31.
If you close your share account before dividends
are paid, you will not receive the accrued dividends.
Minimum balance requirements:
The minimum balance required to open
this account is $2,500.00.
You must maintain a minimum daily balance
of $2,500.00 in your account to avoid a closure fee. If, during any calendar month,
your account balance falls below the required minimum daily balance, your account
will be subject to a closure fee once during the calendar month. Further, your account
will be closed and the balance transferred to your Regular Share account.
You must maintain a minimum daily balance
of $2,500.00 in your account each day to obtain the disclosed annual percentage
yield.
Daily balance computation method
- Dividends are calculated by the daily balance method which applies a daily
periodic rate to the balance in the account each day.
Accrual of dividends on noncash deposits
- Dividends will begin to accrue on the business day you place noncash items
(for example, checks) to your account.
Transaction limitations:
The minimum deposit we allow is $500.00
per deposit.
During any month, you may not make
more than six withdrawals or transfers to another credit union account of yours
or to a third party by means of a preauthorized, automatic, or computer transfer,
or telephonic order or instruction. No more than three of the six transfers may
be made by check, draft, or similar order to a third party. If you exceed the transfer
limitations set forth above, your account will be subject to closure by the credit
union.
Par value of a share:
The par value of a share in this account
is $5.00.
IRA SHARE ACCOUNT
Rate Information:
The dividend rate and annual percentage
yield may change at any time, as determined by the credit union Board of Directors.
Compounding and crediting -
Dividends will be compounded every month. Dividends will be credited to your account
every month.
Dividend period - For this account
type, the dividend period is monthly, for example, the beginning date of the first
dividend period of the calendar year is January 1, and the ending date of such dividend
period is January 31. All other dividend periods follow this same pattern of dates.
The dividend declaration date is the last day of the dividend period, and for the
example above is January 31.
If you close your share account before
dividends are paid, you will not receive the accrued dividends.
Minimum balance requirements:
The minimum balance required to open
this account is $25.00.
You must maintain a minimum daily balance
of $25.00 in your account each day to obtain the disclosed annual percentage yield.
Daily balance computation method
- Dividends are calculated by the daily balance method which applies a daily
periodic rate to the balance in the account each day.
Accrual of dividends on noncash deposits
- Dividends will begin to accrue on the business day you place noncash items
(for example, checks) to your account.
Transaction limitations:
You may not make any withdrawals or
transfers to another credit union account of yours or to a third party by means
of a preauthorized or automatic transfer, telephonic order or instruction, or similar
order to a third party.
Par value of a share:
The par value of a share in this account
is $5.00.
MONEY MARKET ACCOUNT
Rate Information:
Our Money Market Account is designated
as a variable rate account on the Rate Schedule. These rates and yields may change
at any time at the Credit Union's management's discretion.
Compounding and crediting -
Dividends will be compounded every month. Dividends will be credited to your account
every month.
Dividend period - For this account
type, the dividend period is monthly, for example, the beginning date of the first
dividend period of the calendar year is January 1, and the ending date of such dividend
period is January 31. All other dividend periods follow this same pattern of dates.
The dividend declaration date is the last day of the dividend period, and for the
example above is January 31.
If you close your account before dividends
are paid, you will not receive the accrued dividends.
Minimum balance requirements:
The minimum balance required to open
this account is $2,500.00.
You must maintain a minimum daily balance
of $2,500.00 in your account each day to obtain the disclosed annual percentage
yield.
Daily balance computation method
- Dividends are calculated by the daily balance method which applies a daily
periodic rate to the balance in the account each day.
Accrual of dividends on noncash
deposits - Dividends will begin to accrue on the business day you place noncash
items (for example, checks) to your account.
Transaction limitations:
During any month, you may not make
more than six withdrawals or transfers to another credit union account of yours
or to a third party by means of a preauthorized, automatic, or computer transfer,
or telephonic order or instruction. No more than three of the six transfers may
be made by check, draft, debit card, or similar order to a third party. If you exceed
the transfer limitations set forth above, your account will be subject to closure
by the credit union.
The minimum deposit we allow is $500.00
per deposit.
The minimum amount you may withdraw
is $500.00 per withdrawal.
Par value of a share:
The par value of a share in this account
is $5.00.
Fees and charges:
An excess withdrawal fee will be charged for each
check in excess of three during a month.
Please refer to our separate fee schedule
for charges.
TRADITIONAL CHECKING ACCOUNT
Rate Information:
The dividend rate and annual percentage
yield may change at any time, as determined by the credit union Board of Directors.
Compounding and crediting -
Dividends will be compounded every month. Dividends will be credited to your account
every month.
Dividend period - For this account
type, the dividend period is monthly, for example, the beginning date of the first
dividend period of the calendar year is January 1, and the ending date of such dividend
period is January 31. All other dividend periods follow this same pattern of dates.
The dividend declaration date is the last day of the dividend period, and for the
example above is January 31.
If you close your share account before
dividends are paid, you will not receive the accrued dividends.
Minimum balance requirements:
The minimum balance required to open
this account is $100.00.
You must maintain a minimum daily balance
of $100.00 in your account to avoid a monthly checking fee. If, during any monthly
statement cycle, your account balance falls below the required minimum daily balance,
your account will be subject to a monthly checking fee once during the monthly statement
cycle.
You must maintain a minimum daily balance
of $100.00 in your account each day to obtain the disclosed annual percentage yield.
Daily balance computation method
- Dividends are calculated by the daily balance method which applies a daily
periodic rate to the balance in the account each day.
Accrual of dividends on noncash deposits
- Dividends will begin to accrue on the business day you place noncash items
(for example, checks) to your account.
Transaction limitations:
The maximum teller-assisted cash withdrawal
we allow is $300.00 per day.
No transaction limitations apply to
this account unless otherwise stated in the Common Features section.
Par value of a share:
The par value of a share in this account
is $5.00.
CONVENIENCE CHECKING ACCOUNT
This account must be opened with a direct
deposit.
Minimum balance requirements:
No minimum balance requirements apply
to this account.
Transaction limitations:
The maximum teller-assisted cash withdrawal
we allow is $300.00 per day.
No transaction limitations apply to
this account unless otherwise stated in the Common Features section.
Par value of a share:
The par value of a share in this account is
$5.00.
SCHOLARS CHECKING ACCOUNT
For students ages 18-24. At age 25 it will
convert to a Regular Share account.
Minimum balance requirements:
No minimum balance requirements apply
to this account.
Transaction limitations:
No transaction limitations apply to
this account unless otherwise stated in the Common Features section.
Par value of a share:
The par value of a share in this account is
$5.00.
