This ABNB Federal Credit Union (ABNB) Internet Banking Agreement and Disclosure (“Agreement”) is the contract which covers your and our rights and responsibilities concerning the ABNB Online Banking services offered to you by ABNB. ABNB’s Online Banking service permits you to electronically initiate account transactions involving your accounts and communicate with ABNB. This Agreement and Disclosure describes the Electronic Funds Transfer (EFT) services and the terms for using them. Please read and retain with your records.

In this Agreement, the words “you”, “your” and “yours” mean those who request and use ABNB Online Banking service, any joint owners of accounts accessed under this Agreement or any authorized users of this service. The words “we,” “us,” and “our” mean ABNB. The word “account” means any one or more accounts you have with ABNB. By requesting and using the ABNB Online Banking service, each of you, jointly and severally, agree to the terms and conditions in this Agreement, and any amendments.

ABNB@Home/Electronic/PC EFT’s

 If we approve the ABNB@Home electronic financial service for your accounts, a separate PIN (Personal Identification Number) will be assigned to you. You must use your PIN along with your account number to access your account(s). At the present time, you may use the ABNB@Home access service to:   

  • Withdraw funds from your Share, Checking, Money Market and Anytime accounts.
  • Transfer funds from your Share, Checking, and Money Market and anytime accounts
  • Obtain balance information for your Share, Checking, Money Market and Anytime accounts
  • Make loan payments from your Share, Checking, Money Market and Anytime accounts
  • Access your line of credit accounts
  • Make Bill Payments to reauthorized creditors

Your accounts can be accessed through the ABNB@Home & Bill Payer electronic financial services via personal computer. ABNB@Home & Bill Payer services usually will be available for your convenience 24 hours a day. This service may be interrupted for a short time each day for data processing. We reserve the right to refuse any transaction which would draw upon insufficient funds, exceed a credit limit, lower an account below a required balance, or otherwise require us to increase our required reserve on the account. All checks are payable to you as a primary member and will be mailed to your address of record. We may set other limits on the amount of any transaction, and you will be notified of those limits.

We may refuse to honor any transaction for which you do not have sufficient available verified funds. The service will discontinue if no transaction is entered after numerous unsuccessful attempts to enter a transaction, and there may be limits on the duration of each access. Through using ABNB@Home Self Enrollment, you will be enrolled automatically into e­Statements and eMail Services.

Bill Pay

We will process bill payment transfer requests only to those creditors the Credit Union has designated in the User Instructions and such creditors as you authorize and for whom the Credit Union has the proper vendor code number. We will not process any bill payment transfer if the required transaction information is incomplete. We will withdraw the designated funds from your checking account for bill payment transfer by the designated cut­off time on the date you schedule for payment. We will process your bill payment transfer within a designated number of days before the date you are scheduled for payment. You must allow sufficient time for vendors to process your payment after they receive a transfer from us. Please leave as much time as though you were sending your payment by mail. We cannot guarantee the time that any payment will be credited to your account by the vendor.

  • There is no limit on the number of bill payments per day.
  • Bill payment is subject to service fees as designated in the Rate Chart and/or Fee Schedule.

Transfer Limitations

For all share, money market and anytime accounts, no more than six (6) pre­authorized, automatic, or telephone transfers and withdrawals may be made from these accounts to another account of yours or to a third party in any month. If you exceed these limitations; your account may be subject to an overdraft fee or be closed.

Conditions of EFT Services ­ Joint Accounts

If any of your accounts accessed under this Agreement are joint accounts, all joint owners, including any authorized users, shall be bound by this Agreement and, alone and together, shall be responsible for all EFT transactions to or from any share and checking or loan accounts as provided in this Agreement. Each joint owner, without the consent of any other account owner, may, and hereby is authorized by every other joint account owner to, make any transaction permitted under this Agreement. Each joint account owner is authorized to act for the other account owners, and the Credit Union may accept orders and instructions regarding any EFT transaction on any account from any joint account owner.

Fees and Charges

a. Pre­authorized EFT Fees.

 See current Truth­in­Savings Rate Chart and/or Fee Schedule.

b. Electronic/PC EFT Fees

 See current Truth­in­Savings Rate Chart and/or Fee Schedule.

 c. Bill Payer Fees

See current Truth­in­Savings Rate Chart and/or Fee Schedule.

 d. Quicken Fees

 See current Truth­in­Savings Rate Chart and/or Fee Schedule.

Home Banking Unauthorized Access Warning

Unauthorized use of these systems is strictly prohibited and is subject to prosecution under the Computer Fraud and Abuse Act of 1986 and Title 18, U.S. Code Sec. 1001 and 1030. All activity may be monitored and usage of this system may be audited. All persons are hereby notified that the use of this system constitutes consent to such monitoring and auditing.

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