Important
Account Disclosure Information
You must read the following
important disclosure statement and be a BFFCU member before
applying for a VISA® Check Card.
BUCKS
FIRST FCU VISA CHECK CARD
AGREEMENT AND DISCLOSURE
This VISA Check Card
Agreement is the contract which covers your and our rights
and responsibilities concerning the VISA Check Card services
offered to you by Bucks First Federal Credit Union ("Credit
Union"). In this Agreement, the words "you" and "yours" mean
those who sign the application or account card as applicants,
joint owners, or any authorized users. The words "we," "us," and "our" mean
the Credit Union. The word "account" means any one or more
Checking accounts you have with the Credit Union. VISA Check
Card transactions are electronically initiated transfers of
money from your account through the VISA Check Card services
described below. By signing an application or account card
for VISA Check Card services, signing your Card, or using any
service, each of you, jointly and severally, agree to the terms
and conditions in this Agreement and any amendments for the
VISA Check Card services offered.
- VISA Check Card. If
approved, you may use your Card to purchase goods and services
from participating merchants. If you wish to pay for goods or
services over the Internet, you may be required to provide card
member security information before you will be permitted to complete
the transaction. You agree that you will not use your card for
any transaction that is illegal under applicable federal, state,
or local law. Funds to cover your Card purchases will be deducted
from your Checking account. If the balance in your account is
not sufficient to pay the transaction amount, the credit union
will pay the amount and treat the transaction as a request to
transfer funds from other deposit accounts, approved overdraft
protection accounts or loan accounts that you have established
with the Credit Union. If you initiate a transaction that overdraws
your Account, you agree to make immediate payment of any overdrafts
together with any service charges to the Credit Union. In the
event of repeated overdrafts, the Credit Union may terminate
all services under this Agreement. You may use your Card and
PIN (Personal Identification Number) in automated teller machines
of the Credit Union, VISA/PLUS, STAR networks, and such other
machines or facilities as the Credit Union may designate. At
the present time, you may also use your Card to:
- Withdraw funds from your Checking account.
- Make POS (Point-of-Sale) transactions with your Card and
PIN (Personal Identification Number) to purchase goods or
services at merchants that accept VISA.
- Order goods or services by mail or telephone from places
that accept VISA.
- Receive cash back where merchants allow.
The following limitations on the frequency and amount of VISA
Check Card transactions may apply:
- Purchase amounts are limited to the amount in your account.
- You may withdraw up to a maximum of $500.00 in any one
day from an ATM machine, if there are sufficient funds in
your account.
- Any combination of nine (9) ATM or POS transactions or
$2500.00 per day.
- Transfer
Limitations None.
- Conditions of
VISA Check Card Services.
- Ownership of Cards. Any Card or other device which
we supply to you is our property and must be returned to
us, or to any person whom we authorize to act as our agent,
or to any person who is authorized to honor the Card, immediately
according to instructions. The Card may be repossessed at
any time at our sole discretion without demand or notice.
You cannot transfer your Card or account to another person.
- Honoring the Card. Neither we nor merchants authorized
to honor the Card will be responsible for the failure or
refusal to honor the Card or any other device we supply to
you. If a merchant agrees to give you a refund or adjustment,
you agree to accept a credit to your account in lieu of a
cash refund.
- Foreign Transactions
VISA - Purchases and cash withdrawals made in foreign
currencies will be debited from your account in U.S. dollars.
The exchange rate between the transaction currency and
the billing currency used for processing international
transactions is a rate selected by Visa from a range of
rates available in wholesale currency markets for the applicable
central processing date, which rate may vary from the rate
Visa itself receives or the government-mandated rate in
effect for the applicable central processing date. The
exchange rate used on the processing date may differ from
the rate that would have been used on the purchase date
or cardholder statement posting date.
- Security of Access Code. The access code issued
to you is for your security purposes. Any code issued to
you is confidential and should not be disclosed to third
parties or recorded on or with the Card. You are responsible
for safekeeping your access code. You agree not to disclose
or otherwise make your access code available to anyone not
authorized to sign on your accounts. If you authorize anyone
to use your access code, that authority shall continue until
you specifically revoke such authority by notifying the Credit
Union. You understand that any joint owner you authorize
to use an access code may withdraw or transfer funds from
any of your accounts. If you fail to maintain the security
of this access code and the Credit Union suffers a loss,
we may terminate your VISA Check Card services immediately.
- Joint Accounts. If any of your accounts accessed
under this Agreement are joint accounts, all joint owners,
including any authorized users, shall be bound by this Agreement
and, alone and together, shall be responsible for all VISA
Check Card transactions to or from any Checking or loan accounts
as provided in this Agreement. Each joint account owner,
without the consent of any other account owner, may, and
hereby is authorized by every other joint account owner to,
make any transaction permitted under this Agreement. Each
joint account owner is authorized to act for the other account
owners, and the Credit Union may accept orders and instructions
regarding any VISA Check Card transaction on any account
from any joint account owner.
- Electronic Check Conversion/Electronic Returned Check
Fees. If you pay for something with a check you may
authorize your check to be converted to an electronic fund
transfer. You may also authorize merchants to electronically
debit your account for returned check fees. You are considered
to have authorized these electronic funds transfers if
you complete the transaction after being told (orally or
by a notice posted or sent to you) that the transfer may
be processed electronically or if you sign a written authorization.
- Fees and Charges. There
are certain fees and charges for VISA Check services. From time
to time, the charges may be changed. We will notify you of any
changes as required by applicable law. The following fees and
charges will be deducted from your Checking account as applicable.
If you use an ATM not operated by us, you may be charged a fee
by the ATM operator and by any national, regional, or local network
used in processing the transaction (and you may be charged a
fee for a balance inquiry even if you do not complete a fund
transfer). The ATM surcharge will be debited from your account
if you elect to complete the transaction or continue with the
balance inquiry.
- We do not charge for any ATM withdrawals at the present
time.
- We do not charge for any POS transactions at the present
time.
- Non-sufficient funds fee of $30.00.
- Member
Liability. Tell us AT ONCE if you believe your Card
has been lost or stolen. 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 a transaction was made with your
Card or Card number without your permission, and is either
a VISA or Interlink transaction, you will have no liability
for the transaction, unless you are grossly negligent
in the handling of your card. If a transaction was made
without your permission and is not a VISA or Interlink
transaction, was made at an ATM or if you are grossly
negligent in the handling of your card, your liability
is determined as follows. If you tell us within two (2)
business days, you can lose not more than $50 if someone
uses your Card without your permission. If you do NOT
tell us within two (2) business days after you learn
of the loss or theft of your card, and we can prove we
could have stopped someone from using your Card without
your permission if you had told us, you could lose as
much as $500.00. Also, if your statement shows transfers
that you did not make, tell us at once. If you do not
tell us within sixty (60) days after the statement was
mailed to you, you may not get back any money lost after
the sixty (60) days if we can prove that we could have
stopped someone from making the transfers if you had
told us in time. If a good reason (such as a hospital
stay) kept you from telling us, we will extend the time
periods. If you believe your Card has been lost or stolen
or that someone has transferred or may transfer money
from your account without your permission, call:
(215) 788-5270 . (800) 450-5656
Fax: (215) 788-5083
(800) 991-4965 (After Hours)
or write to:
Bucks First Federal Credit Union
2104 Bath Road . Bristol, PA 19007
- Right to Receive
Documentation.
- Periodic Statements. Purchases and withdrawals made
through any VISA Check Card transactions will be recorded
on your periodic statement. You will receive a statement
monthly unless there is no transaction in a particular month.
In any case, you will receive a statement at least quarterly.
- Terminal Receipt. You will get a receipt at the
time you make any transaction involving your account using
an ATM, POS terminal, or VISA Check Card transaction with
a participating merchant.
- Account Information
Disclosure. We will disclose information to third parties
about your account:
- As necessary to complete transfers;
- To verify the existence of sufficient funds to cover specific
transactions upon the request of a third party, such as a
credit bureau or merchant;
- If your account is eligible for emergency cash and/or emergency
card replacement services, and you request such services,
you agree that we may provide personal information about
you and your account that is necessary to provide you with
the requested service(s);
- To comply with government agency or court orders; or
- If you give us your written permission.
- Business
Days. Our business days are Monday through Thursday
9:00 AM - 5:00 PM, Friday 9:00 AM - 6:00 PM, and Saturday
9:00 AM - 2:00 PM, excluding holidays.
- Credit Union 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 may be liable for your losses or
damages. However, we will not be liable for direct or consequent
damages in the following events:
- If, through no fault of ours, there is not enough money
in your accounts to complete the transaction, if any funds
in your accounts necessary to complete the transaction are
held as uncollected funds pursuant to our Funds Availability
Policy, or if the transaction involves a loan request exceeding
your credit limit.
- If you used your Card or access code in an incorrect manner.
- If the ATM where you are making the withdrawal does not
have enough cash.
- If the ATM was not working properly and you knew about
the problem when you started the transaction.
- If circumstances beyond our control (such as fire, flood,
or power failure) prevent the transaction.
- If the money in your account is subject to legal process
or other claim.
- If funds in your account are pledged as collateral or frozen
because of a delinquent loan.
- If the error was caused by a system of any participating
ATM network.
- If the electronic transfer is not completed as a result
of your willful or negligent use of your Card, access code,
or any EFT facility for making such transfers.
- Any other exceptions as established by the Credit Union.
- Notices. All
notices from us will be effective when we have mailed them or
delivered them to your last known address in the Credit Union's
records. Notices from you will be effective when received by
the Credit Union at the address specified in this Agreement.
We reserve the right to change the terms and conditions upon
which this service is offered. We will mail notice to you at
least twenty-one (21) days before the effective date of any change.
Use of this service is subject to existing regulations governing
the Credit Union account and any future changes to those regulations.
The following information is a list of safety precautions regarding
the use of Automated Teller Machines (ATM) and Night Deposit
Facilities.
- Be aware of your surroundings, particularly at night.
- Consider having someone accompany you when the ATM or
night deposit facility is used after dark.
- Close the entry door of any ATM facility equipped with
a door.
- If another person is uncomfortably close to you at the
time of your transaction, ask the person to step back before
you complete your transaction. If it is after the regular
hours of the financial institution and you are using an
ATM, do not permit entrance to any person you do not know.
- Refrain from displaying your cash at the ATM or night
deposit facility. As soon as your transaction is completed,
place your money in your purse or wallet. Count the cash
later in the safety of your car or home.
- If you notice anything suspicious at the ATM or night
deposit facility, consider using another ATM or night deposit
facility or coming back later. If you are in the middle
of a transaction and you notice something suspicious, cancel
the transaction, take your Card or deposit envelope, and
leave.
- If you are followed after making a transaction, go to
the nearest public area where people are located.
- Do not write your personal identification number or code
on your ATM Card.
- a.Report all crimes to law enforcement officials immediately.
If emergency assistance is needed, call the police from
the nearest available public telephone.
- Billing Errors. In
case of errors or questions about electronic funds transfers
from your Checking, telephone us at the following number or send
us a written notice to the following address as soon as you can.
We must hear from you no later than sixty (60) days after we
sent the first statement on which the problem appears. Call us
at:
(215) 788-5270 . (800) 450-5656
Fax: (215) 788-5083
Bucks First Federal Credit Union
2104 Bath Road . Bristol, PA 19007
- Tell us your name and account number.
- a.Describe the electronic transfer you are unsure about,
and explain as clearly as you can why you believe the Credit
Union has made an error or why you need more information.
- a.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 ten (10) business days.
We will tell you the results of our investigation within ten
(10)* business days after we hear from you and will correct
any error promptly. If we need more time, however, we may take
up to forty-five (45)** days to investigate your complaint
or question. If we decide to do this, we will credit your account
within ten (10)* business days 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 ten (10) business days, we may not credit
your account.
We will tell you the results within three (3) business days
of 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.
* If you give notice of an error within thirty (30) days after
you make the first deposit to your account, we will have twenty
(20) business days instead of ten (10) business days.
** If you give notice of an error within thirty (30) days after
you make the first deposit to your account, notice of an error
involving a point of sale transaction, or notice of an error
involving a transaction initiated outside the U.S. its possessions
and territories, we will have ninety (90) days instead of forty-five
(45) days to investigate.
NOTE: If the error you assert is an unauthorized VISA transaction,
other than a cash disbursement at an ATM, we will credit your
account within five (5) business days unless we determine that
the circumstances or your account history warrant a delay,
in which case you will receive credit within ten (10) business
days.
- Termination
of EFT Services. You may terminate this Agreement
or any EFT service under this Agreement at any time by
notifying us in writing and stopping your use of your
Card and any access code. You must return all Cards to
the Credit Union. You also agree to notify any participating
merchants that authority to make bill payment transfers
has been revoked. We may also terminate this Agreement
at any time by notifying you orally or in writing. If
we terminate this Agreement, we may notify any participating
merchants making preauthorized debits or credits to any
of your accounts that this Agreement has been terminated
and that we will not accept any further preauthorized
transaction instructions. We may also program our computer
not to accept your Card or access code for any EFT service.
Whether you or the Credit Union terminates this Agreement,
the termination shall not affect your obligations under
this Agreement for any EFTs made prior to termination.
- Governing
Law. This Agreement is governed by the Bylaws of
the Credit Union, federal laws and regulations, the laws
and regulations of the state of Pennsylvania and local
clearinghouse rules, as amended from time to time. Any
disputes regarding this Agreement shall be subject to
the jurisdiction of the court of the county in which
the Credit Union is located.
- Enforcement. You
are liable to us for any loss, cost or expenses we incur
resulting from your failure to follow this Agreement. You
authorize us to deduct any such loss, costs or expenses
from your account without prior notice to you. If we bring
a legal action to collect any amount due under or to enforce
this Agreement, we shall be entitled, subject to applicable
law, to payment of reasonable attorney's fees and costs,
including fees on any appeal, bankruptcy proceedings, and
any post-judgment collection actions.
|
 |
