Electronic Fund Transfers
YOUR RIGHTS AND RESPONSIBILITIES
Indicated below are the types of Electronic Funds Transfers we are capable of handling, some 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.
ATM Transfers – CIRRUS and SHAZAM Networks – types of transfers, frequency 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 account(s) with a debit card
- Get cash withdrawals from share draft account(s) with a debit card – you may withdraw no more than $510 per day
- Get information about the account balance of your share draft account(s)-with a debit cardTypes of MasterCard-branded Debit Card Point-of-Sale Transactions – You may access your share draft 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 Transactions – frequency and dollar limitations – Using your card:
- you may make not exceed $2,510 in transactions per day
- we will charge you a fee to replace a lost debit card
Currency Conversion and International Transaction Fees. If you effect a transaction with your MasterCard®-branded 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 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 chargesMasterCard 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 90 basis points (.9% of the transaction) 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.
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).
- Terminal transfers. You can get a receipt at the time you make a transfer to or from your account using anautomated teller machine or point-of-sale terminal. However, you may not get a receipt if the amount of thetransfer is $15 or less.
- Periodic Statements.
You will get a monthly account statement from us for your share draft accounts.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 someexceptions. 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 creditlimit.
- If the automated teller machine where you are makingthe 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
- Where it is necessary beyond completing transfers, or
- In order to verify the existence and condition of your account for a third party, such as a credit bureau ormerchant; 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 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 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.
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 that you did not make, including those made by card, code or other means, 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 will extend the time period.
• Additional Limit on Liability for MasterCard-branded® Debit Card. You will not be liable for any unauthorized transactions using your lost or stolen MasterCard-branded ® Debit Card if: (i) you can demonstrate that you have exercised reasonable care in safe guarding your card from the risk of loss or theft, and (ii) upon becoming aware
of a loss or theft, you promptly report the loss or theft to us.
(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.
error or why you need more information.
(3) Tell us the dollar amount of the suspected error.
disclose information to third parties about your account or the transfers you make:
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 document that we used in our investigation.
ATHENS AREA CREDIT UNION
112 ALFRED STREET, P.O. BOX 98
ATHENS, WISCONSIN 54411
Business days: Monday through Friday
Phone: (715) 257-9337
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 the night deposit facility.
- Protect the secrecy of your Personal Identification Number (PIN). Protect your ATM card as thought it werecash. 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 theirview.
- If you lose your ATM card or 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 orstolen.
- When you make a transaction, be aware of your surroundings. Look out for suspicious activity near the ATM ornight 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 orcoming back later.
- Don’t display your cash; pocket it as soon as the ATM transaction is completed and count the cash later whenyou 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 the windows are rolled up, except thedriver’s window.
- We want the ATM and night deposit facility to be safe and convenient for you. Therefore, please tell us if youknow 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.