GARDEN STATE FEDERAL
CREDIT UNION offers a number of services which allow you to access certain deposit
and credit accounts by what is called an electronic transfer of funds from or
to a deposit account through use of an Automated Teller Machine (ATM), a Point
of Sale (POS) terminal or Visa terminal (Visa Check Card). This agreement contains
all the terms of our electronic funds program. It describes the services and
types of transfers available, and explains all of the rights and liabilities
If you use your
card, you are bound by this agreement. We own the card. If we ask for it, you
will give it back to us. We can change the terms or conditions of this agreement
without telling you unless we are required to tell you under the law. Please
read the entire agreement very carefully.
Effect of the
agreement. Even though the sales, cash advance, credit or other slips I/we
sign or receive when using the Card, the account number on the Card, PIN or
any combination of the three may contain different terms, the checking account
agreement is expanded by this Agreement, and is the contract which solely applies
to all transactions involving the Card. My/Our use of the Card or the account
number on the Card thereafter will indicate agreement to the amendments.
If you use your
card in a foreign country, the amount will be converted to U.S. dollars at the
rate that exists on the date of the exchange at the major financial market nearest
to the place where the exchange is made. We don't control the exchange rate
or the date or the place.
and "Your" mean each of the persons who has signed the Garden
State Federal Credit Union application.
"We,""us,""our," and "credit union"
mean Garden State Federal Credit Union.
means each of your accounts with us which may be accessed by our card.
means an Automated Teller Machine.
means Point of Sale Terminal.
and "Number" mean your Personal Identification code Number.
means a withdrawal, deposit, or transfer of funds through the use of the ATM
/ VISA Check Card.
You may use your card to make deposits, get cash or to make transfers to or
from your accounts or to inquire as to your account balance.
If more than one person signed your request for services, each person will
be bound by the terms of this agreement and will be responsible for paying
all amounts owed as a result of this agreement.
You may use your card to get cash through your open-end credit account (loanline)
if you have one. When you do, you agree to the terms of that account, including
the FINANCE CHARGE terms.
TYPES OF TRANSFERS
You may withdraw
cash from one type of savings account (Primary or other Savings) and one type
of checking account. We may limit the amount of cash that you can get
from an ATM, Visa merchant, and POs at one time. The ATM you use will tell
you what the limit is. We may also limit the total amount of cash you can
get in a set period of time. We don't have to tell you what that limit is
because it is part of our security.
between the above mentioned accounts.
to any of the above mentioned accounts.
from any of the above mentioned accounts.
We will send your card by US Mail. They will be mailed out within
a few days of each other. This is done for your security.
Receipts are provided by the network members ATM units, POs terminals, and
Visa merchants. If any ATM, POs, or Visa merchant fails to disperse a receipt,
transactions may be verified by calling the credit union.
You will receive a monthly account statement (unless there were no transfers
in a particular month). In any case, you will receive a statement at least
If we don't 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:
no fault of ours, you don't have enough available funds in your account
to make the transfer.
If the transfer
would go over the credit limit on your loanliner.
If the ATM
where you are making the transfer does not have enough cash.
If the ATM,
POs terminal or Visa, or the system was not working properly and you knew
about the breakdown when you started the transfer.
beyond our control (such as fire or flood) prevent the transfer, despite
reasonable precautions that we have taken.
Liability: You may recover only your actual damages if our failure to
make a transfer is:
in a mistake made in good faith, and
been prevented by our usual practices.
Your ATM/Visa Check Card and PIN Number:
You agree to protect your ATM/Visa Check Card and PIN number. You shouldn't
keep your ATM/Visa Check Card and your PIN number in the same place. The best
practice is to memorize your number and destroy the paper on which it is written.
DON'T TELL your number to ANYONE who is NOT ALLOWED to use your ATM/Visa Check
Loss/Liability: Tell us AT ONCE if you believe your ATM/Visa Check Card
or number has been lost or stolen. Telephoning is the best way of keeping
your loss down. You could lose all the money in your accounts plus your maximum
line of credit. You can lose no more than $50.00 should someone use your card
or number without your permission if you notify us within 2 business days
after you learn of the loss or the theft of your card or number.
If you don't tell us within 2 business days after you learn of the loss or
theft of your card or number, you could lose as much as $500.00. You will
be liable for up to $500.00 loss if we can prove you COULD HAVE STOPPED SOMEONE
from using your ATM/Visa Check Card or number if you had notified us in time.
Also, if your statement shows a withdrawal that you did not make, tell us
of any error. If you DON'T tell us within the 60 DAYS, you may not get back
any money lost after the 60 Day notification period. You will not receive
back any money lost after the 60 day notice period if we can prove that you
could have stopped someone from taking the money if you had notified us in
If a good reason
(such a hospital stay or long vacation) kept you from telling us, we will
extend the time periods.
Use Lost/Stolen, Request and Non-receipt:
If someone uses your card without your consent, you will give us a sworn statement
about it. The statement will be on our form and completely filled in.
Your Statement: You agree to look at your statements as soon as you get
them. If a statement shows a transfer not made by you or any other error,
you will tell us promptly. If you don't tell us within 60 DAYS after we mail
the statement to you, the statement will be deemed to be correct. All withdrawals
shown on the statement will be deemed to have your consent. In addition, any
further improper transfer made with your ATM/Visa Check Card and number after
and the one you failed to tell us about will be deemed to have been made with
Slips: The monthly statement for the savings and/or checking will identify
the merchant, financial institution or electronic terminal at which Card withdrawals
were made, but sales, cash advance, credit or other slips cannot be returned
with the statement. I/We will retain the copy of such slips furnished at the
time of the transaction in order to verify the monthly statement. The Credit
Union may make a reasonable charge for photocopies of slips I/we may request.
IF YOU HAVE A PROBLEM
Days: The Credit Union's normal business days are Monday to Friday 7:30 AM to 6 PM and Saturday 9 AM to 4 PM. The Credit Union is closed on most recognized State
of New Jersey and Federal holidays.
Lost or Stolen
Cards and Numbers:
If you believe your card or number has been lost or stolen or that someone
has transferred or may transfer money from your account without your permission,
call us at (800) 713-2274, or write us at
GARDEN STATE FEDERAL CREDIT UNION
P.O. Box 680
Moorestown, NJ 08057-0680
If someone else is allowed to use your card and you want to end that person's
use, you must tell us in writing. If that person has a card, you must return
it with your written notice. If the accounts are joint or the ATM/Visa Check
application is joint, we must have a letter signed by both parties. Call us
at (800) 713-2274, or write us at:
GARDEN STATE FEDERAL CREDIT UNION
PO Box 680
Moorestown, NJ 08057-0680
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.
your name and account number.
the error of 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 information.
the date and the dollar amount of the suspected error. If you tell us
orally, we may require you send us your complaint or question in writing
within 10 business days.
Credit Union Investigation:
You will be informed of the results of the Credit Union's investigation within
10 business days (20 days for POs or foreign-initiated transactions) after
we hear from you and we will correct any error promptly. If the credit union
needs more time to investigate, however, we may take up to 45 calendar days
to investigate your complaint or question (90 days for POs or foreign-initiated
transactions). If the Credit union decides to do this, your account will be
credited within 10 business days (20 for POs or foreign-initiated transactions)
for the amount you think is in error. The Credit Union will notify you of
the crediting within 2 business days, and you will have use of the funds during
the time it takes the credit union to complete its investigation. If the Credit
union asks you to put your complaint or question in writing, and we do not
receive the written complaint or question within 10 business days, your account
might not be credited. If the Credit Union determines that no error occurred,
we will send you a written explanation within 3 business days after we finish
our investigation. You may ask for copies of the documents used in the investigation.
ACCOUNT INFORMATION DISCLOSURE
We will disclose
information to third parties about your accounts or the transfers you make:
is necessary for completing transactions.
to verify the existence and condition of your account for a third party,
such as a credit bureau or merchant.
to comply with government agency or court orders.
If you give
If it involves
a claim against us on an item deposited to or drawn against your account.
If it is
allowed under state or federal privacy laws.
If we have
to file a lawsuit to collect what you owe us including court costs and
reasonable attorney fees not exceeding 20% of the amount owed.
Right to Withdraw
Funds. The Garden State Federal Credit Union has the right to withdraw funds
from any account(s) in the name of the cardholder(s) in order to satisfy any
transfer made by the use of the ATM/Visa Check Card.
amount of cash you can withdraw from any ATM machine with your card is $20.00.
transaction amount at a POs terminal with your ATM/Visa Check Card is $5.00,
if the merchant ends up going through NYCE, PLUS, or EXCHANGE.
ALL POs transactions
come from your savings accounts, if the merchant ends up going through NYCE,
PLUS, or EXCHANGE.
non-proprietary ATMs (cash or check) are available for withdraw no later than
the tenth business day following the banking day on which the funds are
I/We promise to reimburse the credit union immediately for the amount of any
ATM/POs Visa withdrawal that it honors which cannot be paid out of the primary
savings, checking account, other savings, Christmas Club, Vacation Club, Corporate
Account, Certificate of Deposit, Certificate Account, overdraft loan, Home
Equity Loan, or other member number account(s) with your name on them.
Card withdrawals made in foreign countries and foreign currencies will be
charged to the checking and/or savings in U. S. Dollars. The exchange rate
between the transaction currency and the billing currency used for processing
international transactions is:
A rate selected
by Visa from the range of rates available in wholesale currency markets for
the applicable central processing date, which rate may vary from the rate
Visa itself receives, or
The government-mandated rate in effect for the applicable central processing
in each instance, plus or minus any adjustment determined by the issuer.
Adjustments. Merchants and others who honor the Card may give credit for returns
or adjustments, and they will do so by initiating a credit to the Credit union,
which will credit that amount to the Checking Account.
The Card will remain the property of the Credit Union, and I/we agree to surrender
the Card to the Credit union at any time upon its request.
By using the
ATM/Visa Check Card, you pledge to us and grant us a security interest in
the following shareholdings with us, to secure your ATM/Visa Check Card. You
authorize us to apply these shareholdings to any amounts due on the account
or under this agreement if you should default. Primary Savings, Other Savings,
Certificate of Deposit, Christmas Club, Vacation Club, Corporate Account,
Certificate Account, Checking, or other member number account(s) with your
name on them.
You will be
allowed to withdraw 6 free transactions out of the ATM machine and POS Terminal
combined per month. There would be a $1.00 fee for each transaction thereafter.
If you keep an average balance of $5,000.00 between your Primary Savings,
Other savings, Checking Accounts, Certificate Accounts, there is no charge.