|
This agreement governs your Web Banking transactions. Each person who requests or uses Web Banking service will be bound by all of these provisions.
WHAT THE WORDS MEAN
In this Agreement, the words “you” and “your” refer to each person who requests or uses the Web Banking service. The words “we”, “us”, “our”, and “OSEFCU” refer to Ocean Spray Employees Federal Credit Union.
OUR WEB BANKING PROGRAM
If you have requested and received our Web Banking service, you can make certain transfers and request certain information via your personal computer (PC) and the Internet 24 hours a day, 7 days a week. You may use Web Banking only in connection with those deposit accounts and loan accounts with us for which you requested and have been granted this service.
OUR BILL PAY SERVICE
OSEFCU’S Bill Pay Service is a separate service offered as part of the Web Banking Program. If you have requested and received our Web Banking Service, you can also request the Bill Payer Service, through which you can make payments to third parties from your OSEFCU’S Checking Account via your personal computer (PC) and/or telephone 24 hours a day, 7 days a week. To use the Bill Pay Service, you must have an OSEFCU Checking Account; if you close your checking account, the service will be terminated.
TYPES OF TRANSACTIONS
You may use our Web Banking service to make the following types of transactions (provided you have requested and received Bill Payer Service for the accounts involved):
| |
1. |
transfer funds between accounts |
| |
2. |
transfer funds from a Checking or Savings Account to make a payment on a loan you have from us; |
| |
3. |
verify your deposit or loan account balances, loan payment amounts, loan payment due dates and transaction history; |
| |
4. |
verify the amount and date of the most recent payroll deduction or direct deposit posted to your deposit and loan account; |
| |
5. |
obtain information about checks that have cleared your Checking Account and Money Market Account during the current statement period; |
| |
6.. |
obtain tax information, including total interest paid on each of your loan accounts and total dividends received on each of your deposit accounts during the current calendar year; |
| |
7. |
reorder checks; |
| |
8. |
make bill payments to third parties, if you have requested our Bill Pay Service; and |
| |
9. |
obtain additional services we may offer from time to time. |
PERSONAL IDENTIFICATION NUMBERS
You must obtain a Personal Identification Number (“PIN”) to use the Web Banking Service. Your PIN is confidential, and you agree not to reveal it to anyone else. You also agree that we may rely on the authority of anyone who provides your PIN at the time of making a Web Banking Transaction. You agree to tell us immediately if someone else learns your PIN.
HOW TO USE WEB BANKING
Each time you ask to transfer funds or obtain information, you must provide (1) your PIN; (2) the number of your deposit or loan account about which you want information or from which you want funds transferred or advanced; and (3) for a transfer, the number of the deposit or loan account to which you want funds transferred. We are not obligated to make any Web Banking transaction unless you provide the above information, but if we do so, you agree to be bound by such a transfer.
Web Banking transactions processed after 11:00 A.M. on any business day will be posted on the following business day. Transactions processed any time on Saturday, Sunday or a OSEFCU holiday will be posted at 11:00 A.M. the next business day and will be effective on the date of posting.
LIMITS ON WEB BANKING (INCLUDING BILL PAY) TRANSACTIONS
There is no limit on the number or amount of the Web Banking transactions you my make, although we reserve the right to limit Web Banking transactions to ensure the security of any or all of our accounts. We do not have any obligation to make a Web Banking transfer from your deposit account if your account has insufficient available funds. If we inadvertently do so, you agree to pay us the amount in excess of your credit limit, or for which there were insufficient available funds, immediately and without demand from us.
TELEPHONE CHARGES
You are responsible for any telephone charges that you incur when using Web Banking.
YOUR LIABILITY FOR ERRONEOUS TRANSACTIONS
If you give an account number you did not intend to give in requesting a Web Banking transaction, you are bound. We may, but are not obligated to, reverse any transaction you notify us was made in error, and we are not liable for any damages to you arising out of the transaction. You are also bound if someone to whom you give authority performs any erroneous transactions.
LIABILITY REGARDING SOFTWARE AND HARDWARE
Except as specifically provided in this Agreement or where the law requires a different standard, you agree that neither we nor any service provider shall be responsible for any loss, property damage, or bodily injury, caused by the equipment, software, or Internet browsers (such as Netscape Navigator or Microsoft Explorer, or by Ocean Spray Employees Federal Credit Union or any internet access provider or online service provider, or by any agent or sub-contractor of any of the foregoing. In addition, neither OSEFCU nor any service provider shall be responsible for any direct, indirect, special, consequential, or other damages arising in any way out of the installation, use, or maintenance of the equipment, software, or Internet browser.
STATEMENTS
You will continue to receive a monthly statement for all draft accounts and quarterly statement for all share accounts you access through the Web Banking service even if there has been no activity in the account.
OTHER PROVISIONS
Use of Web Banking to initiate electronic fund transfers is also governed by all of the provisions in the section of the Account Rules and Regulations entitled “General Provisions” and in OSEFCU’s “Fees for Services”.
For inquires regarding the Home Banking and any other financial products and/or services, contact:
Ocean Spray Employees Federal Credit Union
One Ocean Spray Drive
Lakeville/Middleboro, MA 02349
508-946-7465
1-800-925-2034
| 
