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Deposit Accounts Terms and Conditions |
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FUNDS AVAILABILITY POLICY
This policy statement applies to all deposit accounts.
Our policy is to make funds from your cash and check deposits available to you
on the first business day after the day we receive your deposit. Electronic
direct deposits will be available on the day we receive the deposit. Once the
funds are available, you can withdraw them in cash and we will use the funds to
pay checks that you have written.
Please remember that even after we have made funds available to you, and you
have withdrawn the funds, you are still responsible for checks you deposit that
are returned to us unpaid and for any other problems involving your deposit.
For determining the availability of your deposits, every day is a business day,
except Saturdays, Sundays, and federal holidays. If you make a deposit before
2:00 p.m. on a business day that we are open, we will consider that day to be
the day of your deposit. However, if you make a deposit after 2:00 p.m. or on a
day we are not open, we will consider that the deposit was made on the next
business day we are open.
If you make a deposit at an ATM before 12:00 p.m. (cutoff times may be later on
some days or at some locations) on a busines day that we are open, we will
consider that day to be the day of your deposit. However, if you make a deposit
at an ATM after 12:00 p.m. or on a day we are not open, we will consider that
the deposit was made on the next business day we are open.
If we cash a check for you that is drawn on another bank, we may withhold the
availability of a corresponding amount of funds that are already in your
account. Those funds will be available at the time funds from the check we
cashed would have been available if you had deposited it.
If we accept for deposit a check that is drawn on another bank, we may make
funds from the deposit available for withdrawal immediately but delay your
availability to withdraw a corresponding amount of funds that you have on
deposit in another account with us. The funds in the other account would then
not be available for withdrawal until the time periods that are described
elsewhere in the disclosure for the type of check that you deposited.
Longer Delays May Apply
Case-by-Case delays In some cases, we will not make all of the funds that
you deposit by check available to you on the first business day after the day of
your deposit. Depending on the type of check that you deposit, funds may not be
available until the fifth business day after the day of your deposit. The first
$100 of your deposits, however, may be available on the first business day.
If we are not going to make all of the funds from your deposit available on the
first business day, we will notify you at the time you make your deposit. We
will also tell you when the funds will be available. If your deposit is not made
directly to one of our employees, or if we decide to take this action after you
have left the premises, we will mail you the notice by the day after we receive
your deposit.
If you will need the funds from a deposit right away, you should ask us when the
funds will be available.
Safeguard exceptions. In addition, funds you deposit by check may be
delayed for a longer period under the following circumstances:
- We believe a check you deposit will not be paid.
- You deposit checks totaling more than $5000 on any on
day.
- You redeposit a check that has been returned unpaid.
- You have overdrawn your account repeatedly in the last
six months.
- There is an emergency, such as failure of computer or
communications equipment
We will notify you if we delay your ability to withdraw funds for any of these
reasons, and we will tell you when the funds will be available. They will
generally be available no later than the eleventh business day after the day of
your deposit.
Special Rules For New Accounts
If you are a new customer, the following special rules will apply
during the first 30 days your account is open.
Funds from electronic direct deposits to your account will be available on the
day we receive the deposit. Funds from deposits of cash, wire transfers, and the
first $5000 of a day's total deposits of cashier's, certified, teller's,
traveler's, and federal, state and local government checks will be available on
the first business day after the day of your deposit if the deposit meets
certain conditions. For example, the checks must be payable to you (and you may
have to use a special deposit slip). The excess over $5000 will be available on
the ninth business day after the day of your deposit. If your deposit of these
checks (other than a U.S. Treasury check) is not made in person to one of our
employees, the first $5000 will not be available until the second business day
after the day of your deposit.
Funds from all other check deposits will be available on the seventh business
day after the day of your deposit.
ELECTRONIC FUNDS TRANSFERS POLICY
Indicated below are types of Electronic Fund Transfers we are capable of
handling, some of which may not apply to your account. Please read this
disclosure carefully because it tells you your rights and obligations for the
transactions listed.
FCB Online Banking Computer Transfers - types of transfers and charges
You may access your account(s) by computer using your personal identification
number and account identification numbers to:
- Access account information as often as you like
- Access to checking accounts, savings accounts, loans,
CDs/IRAs;
- Check on current balances and cleared transactions:
- Reconcile accounts at any time without waiting for a
monthly statment;
- View product histories not available on standard monthly
statements (CDs/loans)
Transfer funds - Setup immediate,
future, or recurring transfers between accounts.
Download transaction history into Money or Quicken - Online transaction
history will begin on the date of enrollment.
Generate custom reports - Generarate transaction history reports for all
accounts; Search and sort by account, date, check number , transaction amount,
and/or transaction type; Generate custom reports based on bill payment history.
Pay Bills Make payments from your checking account to third parties
Set up current, future, or recurring payments
There is a charge of $5.00 per month for Bill Payment which includes the first
10 payments. Additional payments will be $.30 each.
Limitations on frequency of transfers - In addition to those limitations
on transfers elsewhere described, if any, the following apply:
Transfers from a money market account or savings account to another account or
to third parties by pre-authorized, automatic, telephone, or computer transfer
are limited to six per month with no more than three by check, draft, debit
card, or similar order to third parties
DOCUMENTATION
Periodic Statements
You will get a monthly account statement from us for your checking accounts and
money market accounts. You will get a monthly account statement from us for your
savings accounts, unless there are no transfers in a particular month. In any
case, you will get a statement at least quarterly.
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 some exceptions. We will not be liable for instance:
(1) If,through no fault of ours,you do not have enough money in your account to
make the transfer.
(2) If you have an overdraft line and the transfer would cover the credit limit.
(3) If circuimstances beyond our control, (such as fire or flood) prevent the
transfer,despite reasonable precaution that we have aken.
(4) If the terminal or system was not working properly and you knew about the
breakdown when you started the transfer.
(5) There may be other exceptions stated in our agreement with you.
CONFIDENTIALITY
We will disclose information to third parties about your account or the
transfers you make:
(1) where it is necessary for completing transfers; or
(2) in order to verify the existence and condition of your account for a third
party, such as a credit bureau or merchant;or
(3 in order to comply with government agency or court orders; or
(4) if you give us written permission.
UNAUTHORIZED TRANSFERS
Consumer Liability -
Tell us AT ONCE
if you believe your card and/or code has been lost or stolen. Telephoning is the
best way of keeping your account safe. If you tell us within 2 business days,
you can lose no more than $50 if someone used your card and/or code without your
permission. If you believe your card and/or code has been lost or stolen, and
you tell us within 2 business days after you learn of the loss or theft, 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, 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.
Contact in the event of unauthorized transfer. If you believe your card
and/or code has been lost or stolen or that someone has transferred or may
transfer money from your account without your permission, call or write us at
the telephone number or address listed on the home page of our website.
ERROR RESOLUTION NOTICE
In case of errors or questions about your electronic transfers, call or write us
at the telephone number or address listed on the home page of this website 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. Provide the following:
(1) Tell us your name and account number
(2) Describe the error or the transfer you are unsure about and explain as
clearly as you can why you believe it is an error or why you need more
infomation.
(3) 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 (20 business
day if the transfer involved a new account) after we hear from you and will
correct any error promplty. 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 compaint 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 result 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.
MORE DETAILED INFORMATION IS AVAILABLE ON REQUEST
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Terms & Conditions
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