ELECTRONIC FUNDS TRANSFER: YOUR RIGHTS AND RESPONSIBILITIES

Indicated below are the types of Electronic Funds 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.  You should keep this notice for future reference.

PREAUTHORIZED CREDITS:  You may make arrangements for certain direct deposits to be accepted into your share draft or primary share account(s).

PREAUTHORIZED PAYMENTS:  You may make arrangements with other entities to pay certain recurring bills from your share draft or primary share account(s).  However, we are not originators and will act only as a recipient of these transactions. 

SUPERTELLER TELEPHONE TRANSFERS – TYPES OF TRANSFERS:  You may access your account(s) by telephone 24 hours a day using your personal identification number (PIN), a touch tone phone, and your account numbers, to:
•    Transfer funds from share draft/checking account(s) to primary share/savings account(s).
•    Transfer funds from share draft/checking account(s) to other share/savings account(s) excluding IRA.
•    Transfer funds from primary share/savings account(s) to share draft/checking account(s).
•    Transfer funds from primary share/savings account to other share/savings account(s) excluding IRA.
•    Make payments from share draft/checking account(s) to loan account(s) with us and get the account balance of share draft/checking account(s).
•    The balance of the primary share/savings account(s) and other share/savings account(s).

TRANSACTION LIMITATIONS:
During any month, you may not make more than six withdrawals or transfers to another credit union account by means of a telephonic order.  If you exceed the transfer limitations set forth above, your account will be subject to closure by the credit union.

ATM DOLLAR LIMITATIONS AND CHARGES:  You may access your account(s) by ATM using your ATM card or DEBIT CARD and personal identification number (PIN) to:
•    Make deposits to share draft account(s).
•    Make deposits to primary share account(s).
•    Get cash withdrawals from primary share account(s).
•    You may withdraw no more than $200.00 per day unless another limit is set for you.
•    There may be a charge for automated teller withdrawals depending on which ATM card or machine is used.  Some of these services may not be available at all terminals.

                  DEBIT CARD AND ATM CARD AGREEMENT AND DISCLOSURE STATEMENT


PEOPLES COMMUNITY CREDIT UNION (PCCU) DEBIT CARD ACCESS AND TRANSACTIONS:  Use of the card, the account number on the card, the PIN or any combination, for payment, purchases or to obtain any cash advance is an order by you for the withdrawal of funds from your account.  Each withdrawal by you will be charged to your checking account.  Alternatively, your checking account will be credited when a merchant processes a return using your card.  DEBIT CARD transactions will generally post one business day after the transaction date.

PCCU will charge withdrawals to the account in any order they determine and regular checks may be dishonored if funds are not sufficient to cover all withdrawals.  You understand we CANNOT honor stop payment requests on DEBIT CARD withdrawals.

PCCU ATM ACCESS AND TRANSACTIONS:  You may use your card at most ATMs to withdraw cash from your accounts and make deposits, however, not all ATM machines will accept deposits.  ATM withdrawals may be limited to $200.00 per day.  Generally, the transactions will be posted the next business day.
OVERDRAFTS:  You promise to reimburse PCCU for the amount of any card withdrawal that we honor which cannot be paid out of the account.  When determining the balance available for authorizing transactions on your account, we will include the amount available on your overdraft protection if you have one.
OVERDRAFT REPAYMENT/PAYROLL DEDUCTION:  By signing your multi-application you agree that the credit union may initiate payroll deduction repayment to this account with or without prior verbal agreement or the benefit of signature authorization.

LOST DEBIT CARD NOTIFICATION:  If you believe your DEBIT CARD, account number, PIN or any combination thereof has been lost or stolen; you will immediately call 952-932-4499.

LOST ATM CARD NOTIFICATION:  If your ATM card, the PIN number or both have been lost or stolen, you will immediately call 952-932-4499.

LIABILITY FOR UNAUTHORIZED USE:  You understand that your total liability for card withdrawals made from your account resulting from loss, theft, or other unauthorized uses of the card, subject to applicable law, is limited as follows:  For card withdrawals that are made by electronic fund transfer, the lesser of the actual loss or $50.00 if you notify us within two business days after learning of the loss or theft, up to $500.00 if you fail to notify PCCU within two business days, and up to the entire account balance if you fail to notify us within 60 days after we mail a statement showing an unauthorized transfer.  You agree to notify us or our agent of the loss or theft of the card within 24 hours after learning of such a fact.
IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR ELECTRONIC TRANSFERS:  If you believe your statement or transaction receipt is incorrect, write us at:

PEOPLES Community Credit Union
1541 Highway 7
Hopkins, Minnesota 55305

or, call us during any business day at 952-932-4499 as soon as possible.  We must be notified by you no later than 60 days after we mailed you the FIRST statement on which the problem or error appeared.  We need to know 1) Your name and account number, 2) The dollar amount and date of the suspected error, 3) A description of the transaction error, 4) Your explanation of why you believe there is an error.  We will investigate the problem and attempt to resolve it within 10 business days from the date we receive your inquiry.  If we need more time, we may take up to 45 days, however, we will credit your account for the amount you think is an error.  You will have use of the money while we complete our investigation.  
DISCLOSURE:  PCCU will not disclose any information about your account or the transactions you make except (a) when they need to complete transactions, (b) to verify the existence and condition of your account for a third party, such as a merchant or credit bureau; (c) to comply with a government agency or court order, (d) in connection with examinations by state and federal banking authorities or your authorized auditors, or (e) if you give written permission.
FEES:  See your Truth in Savings (TIS) statement.

CARD OWNERSHIP:  The card will remain the property of the credit union and you agree to surrender the card to PCCU at any time upon request.

                                      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 correct amount according to your 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 money in your account to make the transfer.
•    If you have an overdraft line and the transfer would go over the credit limit.
•    If the automated teller machine where you are making the transfer does not have enough cash.
•    If the terminal or system was not working properly and you knew about the breakdown when you started the transfer.
•    If circumstances beyond our control (such as flood or fire) prevent the transfer, despite reasonable precautions that we have taken.  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:
•    Where it is necessary for completing transfers.
•    In order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant.
•    In order to comply with government agencies or court order.
•    If you give us written permission.

NO FRILLS SHARE DRAFT ACCOUNTS:
•    No minimum balance required.
•    This account does not earn interest.
•    ATM deposits are free, withdrawals are charged a fee at some ATM's.   ATM Withdrawal Limit is $200.    Office Visit Withdrawal Limit is $2,000.
•    When using your DEBIT CARD to pay for purchases, there is no charge.

FRILLS SHARE DRAFT ACCOUNT:
When choosing our $500.00 minimum daily balance account, your money earns interest, accrued daily, paid monthly into your account.  If your account balance goes below $500.00 during the month, a $5.00 fee will be charged.
•    When using your DEBIT CARD to pay for purchases, there is no charge.  ATM Withdrawal Limit is $200.  Office Visit Withdrawal Limit is $2,000.

CONSUMER IDENTIFICATION POLICY:
To comply with the requirements of the USA PATRIOT Act the Credit Union will require that every new member or customer provide a name, date of birth, address, and identification number prior to opening any account. PCCU will maintain this information for five years after the account is closed. PCCU will take reasonable steps to verify this information through documentary or non-documentary verification methods as required by the U.S. Treasury Department's CIP regulations. PCCU will not open an account if it cannot verify a member's identity.