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BSA, Whereas Transactions Involving a Loan Are Ad- Us and Multiple Access Options, Including Online Banking, Direct Dressed by the Applicable Loan Agreement(S)

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BSA, Whereas Transactions Involving a Loan Are Ad- Us and Multiple Access Options, Including Online Banking, Direct Dressed by the Applicable Loan Agreement(S) Our Business Electronic Funds 1023 Medical Drive Brigham City, UT 84302 Transfer Terms PH: 435-723-3437 Elevatecu.com “Our Electronic Funds Transfer Terms” explains your and our rights available from that date forward. If you need prior statements, and responsibilities concerning electronic fund transfer (EFT) deb- contact us at 435-723-3437 or toll free at 844-828-1199. its from and credits to the accounts you have with us. EFTs are Transactions involving the accounts you have with us are ad- electronically initiated transfers of money involving an account with dressed by the BSA, whereas transactions involving a loan are ad- us and multiple access options, including Online Banking, direct dressed by the applicable loan agreement(s). deposits, automated teller machines (ATMs), Visa Debit Card f. Bill Pay (“Card”), and 24-Hour Teller services. You may use the Bill Pay service (accessed through Online Bank- 1. EFT Services ing or Mobile Banking) to make payments to third parties. Use of a. Automated Teller Machines the Bill Pay service requires enrollment in Online Banking and You may use your Card and personal identification number (PIN) agreement to the Bill Pay service terms and conditions. You may at Automated Teller Machines (ATMs) of the Credit Union, Co-op, use the Bill Pay service to: and such other machines or facilities as we may designate. At the • Make a transfer to pay another person by email, direct deposit, present time, you may use your Card to withdraw cash from the or check. checking or savings accounts with us. • Make payments by EFT from any checking account to another b. Direct Deposit financial institution. On the instruction of (i) your employer, (ii) the Treasury Depart- • Pay bills from any checking account with us. ment, or (iii) other financial institutions, we will accept direct depos- g. Mobile Banking its by EFT of your paycheck or of federal recurring payments, such Mobile Banking is a personal financial information management ser- as Social Security. vice that allows you to access account information, make payments c. Preauthorized Debits to merchants who have previously consented to accept payments You may make direct withdrawals by EFT from the checking or reg- through our Online Banking service and make such other transac- ular savings account you have with us to a particular person or tions as described in the Online Banking Service Agreement using company at least periodically which you have arranged with that compatible and supported mobile phones and wireless devices person or company, provided you have enough funds in the ac- (“Wireless Device”). You agree and understand that Mobile Banking count with us to cover the payment. may not be accessible or may have limited utility over some mobile d. 24-Hour Teller telephone networks, such as while roaming. The services that you If we approve your application for telephone access to the accounts may access through Mobile Banking are the same account and ser- you have with us under the 24-Hour Teller service, you may use a vice transactions available through Online Banking. When you reg- telephone to access the account with us and conduct EFTs by call- ister for Mobile Banking, the designated accounts and bill payment ing 435-723-3200. You must use your PIN along with your account payees linked to the account through Online Banking will be acces- number to access the accounts. At the present time you may use sible through Mobile Banking. the 24-Hour Teller Service to: For all mobile check deposits, you must endorse the original paper • Transfer funds between checking and savings accounts. check with your signature and write: “For mobile deposit to acct # [your account number here]” in the endorsement area. If you fail to • Make payments from checking or savings accounts to loan ac- provide this endorsement, we may refuse the deposit and return it to counts with us. you. You agree to indemnify the Credit Union from any liability or loss • Obtain the account balance of checking and savings accounts. to the Credit Union arising from the payment of the original paper • Obtain the last ten (10) deposits to and withdrawals from check- check without such required endorsement. ing and savings accounts. h. Visa Debit Card e. Online Banking You may use your Visa Debit Card to purchase goods and services If we approve your application for Online Banking, you may use a any place Visa is honored by participating merchants and mer- personal computer to access the accounts. For this service, you will chants accepting the Card and PIN at point of sale (POS) terminals. need a personal computer with internet access. The address for Funds to cover your Card purchases will be deducted from the Online Banking is www.boxeldercu.com. You may select a pass- checking account. If the balance in the account is not sufficient to word. You must use your password along with your User ID to ac- pay the transaction amount, we may treat the transaction as an cess the accounts. You are responsible for the installation, mainte- overdraft request pursuant to any overdraft protection plan, or we nance, and operation of your computer and software. We will not be may terminate all services under the BSA. responsible for any errors or failures involving any telephone service, Some merchants may permit you to initiate debit and bill payment Internet service provider, your software installation or your computer. transactions with your card using either the Visa network or another At the present time, you may use Online Banking to: network shown on your card such as the STAR network. We will • Transfer funds between the checking and savings accounts with us. honor your debit transactions processed by any of these networks. • Make payments from checking or savings accounts to a loan ac- Depending on our authorization protocols and network availability, count with us. transactions processed over other networks may or may not re- • Transfer funds to your account at another financial institution us- quire you to use your PIN to validate a transaction. Generally, you ing the External Accounts option (A2A transfer). enter your card number or swipe your card and provide or enter a • Obtain the account balance of the checking and savings accounts. PIN. You may instead be asked to sign a receipt or payment au- • Obtain the last 12 months deposits to and withdrawals from thorization. Provisions applicable only to Visa transactions (such checking and savings accounts. As of November 2008, we con- as Visa’s zero liability protections) will not apply to non-Visa debit verted to a new date processing system and statements are only transactions and the liability rules for other EFTs in the section ti- tled “Member Liability” will apply. © 2020 All Goals Solutions & Farleigh Wada Witt. All rights reserved. Reproduction prohibited without written permission from All Goals Solutions. OBEFTT • 01-01-20 • 1 Elevate Federal Credit Union Our Business Electronic Funds Transfer Terms i. Electronic Check Transaction e. Mobile Banking You may authorize a merchant or other payee to make a one-time You are fully responsible for understanding how to use Mobile electronic payment from the checking account using information Banking before you actually do so, and you use Mobile Banking in from your check to pay for purchases, pay bills or pay other obliga- accordance with any use or operational instructions posted on our tions (“Electronic Check Transactions”). You agree that your au- web site. You are also responsible for your use of your Wireless thorization for an electronic check transaction occurs when you in- Device and the Mobile Banking Service software provided to you. itiate such a transaction after receiving any required notice If you authorize the use of Touch ID for Mobile Banking, the Mobile regarding the merchant’s right to process the transaction or pay- Banking service may be accessed using any fingerprint recognized ment, including any written sign provided by the merchant at the by your Wireless Device, even if it is not your own. If you have time of your transaction. All terms governing electronic funds trans- permitted another person to use their fingerprints to authorize ac- fer services will apply to Electronic Check Transactions, except the tivity on your Wireless Device, their fingerprint will also gain access $50 and $500 limits of liability for unauthorized transactions in Sec- to Mobile Banking if you have authorized Touch ID. We will not be tion 4 (Member Liability) of this disclosure. You remain responsible liable to you for any losses caused by your failure to properly use for notifying us of any unauthorized electronic check transaction Mobile Banking, the Software or your Wireless Device. You may shown on your statement. experience technical or other difficulties related to Mobile Banking 2. Service Limitations that may result in loss of data, personalization settings or other Mo- bile Banking interruptions. We assume no responsibility for the a. Automated Teller Machines timeliness, deletion, misdelivery or failure to store any user data, 1) Withdrawals. Cash withdrawals from ATMs can be made as communications or personalization settings in connection with your often as you like. You may withdraw up to $500 (if there are suffi- use of Mobile Banking. We assume no responsibility for the oper- cient funds in the account) per business day. For purposes of de- ation, security, or functionality of any Wireless Device or mobile termining whether you have reached the daily limit, a day ends at network that you utilize to access Mobile Banking. Financial infor- 10:00 p.m. Friday, Saturday, Sunday, and holidays are considered mation shown on Mobile Banking reflects the most recent account as one business day for the purposes of this limit.
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