City State Bank of Palacios Electronic Fund Transfers
Agreement and Disclosure
Depositor (“you” or “your”) has requested that Financial
Institution (“Financial Institution” “we” or “us”) permit
you to access an electronic funds transfer system and (if
applicable) that Financial Institution issue you an
automated teller card, debit card, code or other device
(“Access Device”) to transact on your account. By
requesting, receiving signing, using, authorizing another to
use or otherwise accepting the Access Device (if applicable,
and including any replacement or substitute Access Device)
or the electronic funds transfer system, you, and any
authorized signer, agree to be bound by the following rules
and regulations:
You are responsible and liable for all authorized
transactions made through the use of the Access Device and
for all authorized transactions made under any preauthorized
transfer. All such transactions are subject to all
applicable agreements, rules and regulations of Financial
Institution’s checking accounts and savings accounts for
which Access Device use or preauthorized transfers are
authorized, now or in the future, as said agreements, rules
and regulations are now in effect or as they may hereafter
be amended, modified, or adopted.
You authorize the Financial Institution to charge your
checking account(s) for all authorized transactions
resulting from the use of the Access Device or resulting
from any preauthorized transfer and you assume all
responsibility and liability for all such Access Device use
and preauthorized transfers.
Financial Institution will assign you a “Personal
Identification Number” (PIN) to enable you to be identified
when using the Access Device. The Access Device and the
number are to be used as instructed and you agree not to
disclose in any manner whatsoever the personal
Identification Number (PIN) to anyone other than authorized
users of the Access Device.
Tell us AT ONCE if you believe your Access device 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
any). If you tell us within two business days after you
learn of the loss or theft of your Access Device, you can
lose no more that $50.00 if someone used your Access Device
without your permission. If you do NOT tell us within 2
business days after you learn of the loss or theft of your
Access Device 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 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 hospital stay kept you
from telling us, we will extend the time periods.
If you believe your Access Device has been lost or stolen or
that someone has transferred or may transfer money from your
account without your permission,
Phone us at:
361-972-2585
Write us at:
City State Bank of Palacios
459 Main Street
Palacios, TX 77465
Or e-mail:
citystatebank@csbpalacios.com
Return to the top Our business
days are Monday through Friday. Holidays are not included.
Transaction information, you may use your Access Device to:
- Deposit Money
- Withdraw Funds
- Transfer Funds between Accounts
- Obtain Account Balances
- Retail Purchases
You may withdraw up to $500 per day (but not more
than the funds available in the account for withdrawal)
from an electronic terminal that accepts your Access
Device. You may make up to 20 transactions per day. You
may arrange with others in writing for preauthorized
transfers, to or from your checking or savings accounts.
For example, you may arrange with others for direct
deposit into; your account of payroll, Social Security,
or pension benefit checks, or for the automatic payments
from your account for utility bills, insurance premiums,
or mortgage payments.
You will be charged for each transaction/transfer as
disclosed on the Schedules of Fees and Charges. In
addition, when you use an automated teller machine not
owned by us, you may be charged a fee by the automated
teller machine 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). Fees as listed below:
- Non CSB ATM Transfer Fee - $0.75
- Point of Sale Fee - $0.75
- Non CSB ATM Withdrawal Fee - $0.75
- Non CSB ATM Balance Inquiry - $0.75
You can get a receipt at the time you make any
transfer to or from your account using an electronic
terminal that accepts your Access Device. If you
have arranged with others to have direct deposit,
call us at the telephone number in Paragraph 5 to
find out whether or not the deposit has been made.
You will get a monthly account statement unless
there are no transfers in a particular month. In any
case, you will get an account statement at least
quarterly. These statements will show electronic
funds transfers to or from your account. If you have
a passbook account where the only possible
electronic funds transfers are preauthorized
credits, and you bring your passbook to us, we will
record any electronic deposits that ere made to your
account since the last time you brought in your
passbook.
If you have authorized regular payments to be made
out of your account, you can stop any of these
payments.
Return to the top
Here’s how:
Call us or write us at the number or address in
Paragraph 5, 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. We will
charge you for each stop payment you order, as
disclosed on the Schedule of Fees and Charges. 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.
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 loses or damages.
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
- If you give us your written permission.
In Case of Errors or Questions About Your
Electronic Transfers. Telephone us, write us or
e-mail us at the number, address or e-mail
address in Paragraph 5 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 in 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 after we hear from you
and will correct any error promptly. If we need
more time, whoever, we may take up to 45 days to
investigate your complaint or question. If we
decide to do this, we will credit your account
within 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 10 business days, we may
not credit your account.
For errors involving new account, point-of-sale,
or foreign-initiated transactions, we may take
up to 90 days to investigate your complaint or
question. For new accounts, we may take up to 20
business days to credit your account for the
amount you think is in error. 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.
Return to the top 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 available funds in your account
to make the transfer.
- If the money in your account is subject
to legal process or their encumbrances
restricting the transfer.
- If the automated teller machine where
you are making the transfer does not have
enough cash.
- If circumstances beyond our control
(such as fire or flood) prevent the
transfer, despite reasonable precautions
that we have taken.
- If the terminal was not working properly
and you knew about the breakdown when you
started the transfer.
- If incomplete or inaccurate information
is forwarded by the United States Treasury
or through an automated clearing house.
All deposits, payments and transfers made
through the use of your Access Device or by
a preauthorized transfer are subject to
proof and verification by Financial
Institution. Deposits made after our cutoff
time will be credited the following business
day.
The Access Device at all times remains the
property of Financial Institution and upon
revocation of the Access Device you agree to
surrender the Access Device to Financial
Institution or its agent upon demand.
Transactions made in foreign currency will
be converted into u.s. dollars. Because of
fluctuations in foreign exchange rates, the
conversion rate in effect on the processing
date may differ from the rate on the
transaction date or the posting date.
Financial Institution may amend, modify or
rescind these rules and regulations at any
time by mailing or delivering written notice
of such amendment, modification or
rescission to you at least 21 days prior to
the effective date of any such change if the
change would result in increased fees or
charges, increased liability to you, fewer
types of available electronic funds
transfers, or stricter limitations on the
frequency or dollar amount of transfer.
Financial institution may at its option mail
or deliver written notice to you of any
amendment, modification or rescission other
that those described above but without the
requirement that notice be mailed or
delivered at least 21 days prior to the
effective date of any such change.
Any amendment, modification or rescission
made in the manner described above shall be
binding upon you as though expressly agreed
to by you. In the event that a written
notice is mailed to you, it shall be mailed
to your last known address as shown on
Financial Institution’s records.
Notwithstanding the provisions of this
paragraph, Financial Institution may
terminate this agreement at any time in the
event that Financial Institution terminates
your account(s).
You agree that this agreement and Disclosure
shall be subject to and governed by all
applicable state laws and any applicable
laws of the United States.
For your safety, please remember the
following tips when you use any Automated
Teller Machine, particularly after dark:
- Park in or near a well-lighted area.
- Observe the area for suspicious
persons or activity, preferably from
your car, before beginning your
transaction. If you see anyone or
anything suspicious, you may wish to use
another Automated Teller Machine or
delay your transaction.
- Pocket your cash quickly and count
it later in a safe place. Never make a
display of your cash.
- Cancel your transaction, remove your
card and leave the area immediately,
even in the middle of a transaction, if
you become concerned for your safety.
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