Electronic Fund Transfer Disclosure

Electronic Fund Transfer Disclosure. In accordance with the Electronic Fund Transfer Act (EFTA) and Regulation E (12 CFR Part 1005), this disclosure describes your rights and responsibilities regarding electronic fund transfers (EFTs) to and from your account. EFTs include, but are not limited to: automated teller machine (ATM) transactions, point-of-sale (POS) debit card transactions, direct deposits, preauthorized transfers, telephone transfers, and online or mobile banking transactions. If you believe your debit card or access credentials have been lost or stolen, or that someone has transferred or may transfer money from your account without your permission, contact us immediately. Your liability for unauthorized transfers depends on how quickly you report the loss: if reported within two (2) business days, your liability shall not exceed $50; if reported after two (2) business days but within sixty (60) calendar days of receipt of your statement, your liability shall not exceed $500; if reported after sixty (60) calendar days, you may be liable for the full amount of the unauthorized transfer. We will provide you with a periodic statement for each monthly cycle in which an EFT occurs, and at least quarterly if no EFT occurs.