![]() ![]() Funds to pay an overdraft may also be withdrawn from any account on which I/we, as account signer(s), are entitled to withdraw shares. OWNERS’ ACCOUNT: All accounts owned by me/us (S/D checking account holders) are subject to credit union accessibility in the case of an overdrawn S/D checking account. ![]() The credit union can deny a S/D checking account to any member because of unfavorable credit history, history of abuse of other checking accounts or insufficient income. This clause shall survive the termination of this Agreement.ĬREDIT HISTORY: My/Our credit and check history will be requested and reviewed to qualify me/us for this account. SMFCU shall be held harmless from any claims or damages relating to the quality of images made and retained under this Agreement. ![]() IMAGE QUALITY: Certain types of check stock and certain types of inks used in completing checks can have a significant effect on the quality of images available to the Credit Union. The original will be available for approximately 30 days and a copy of the check will be available for 7 years. RCFCU will immediately put a hold on my/our account.ĬHECKS NOT RETURNED: All paid S/D checks will not be returned but will be stored. If I/we think any checks have been lost or stolen or that unauthorized transfers or debits have been made or may occur from my/our accounts, I/we will call the RCFCU immediately at 92. LOST CHECKS: I/We are responsible for keeping my/our checks safe at all times. If you do not notify us within 60 days after the statement was mailed to you and we can prove that we could have stopped someone from taking your money, you may not be refunded the money taken. If your statement shows checks or transfers you feel you did not write/make, or unauthorized electronic debits, notify us at once. STATEMENTS: A S/D checking statement will be mailed for each account on a monthly basis.Īny objection concerning any item shown on a periodic statement of our S/D checking account shall be waived unless made in writing to the RCFCU on or before the tenth (10th) day following the day the statement is mailed. LOAN SECURITY: Any funds in my/our S/D checking account may not be used as security on a loan. The Funds Availability Policy has more info. Funds will not be deposited to my/account until I/we receive advice that the funds have been paid. Drafts issued by insurance companies will be deposited on a collection basis only. The Credit Union cannot pay my/our S/D checks from checks deposited for which I/we have not received credit. ![]() For certain checks deposited to my/our account, the funds will not be available for my/our withdrawal until the checks have cleared the financial institution on which they are drawn. Holds may be placed on deposits subject to the funds availability schedule please refer to the funds availability schedule for complete details.įUNDS AVAILABILITY: All non-cash deposits to my/our account will be credited subject to final payment. The Credit Union may allow you access to your funds prior to the Credit Union receiving final credit. WITHDRAWALS: Advance notice may be required for withdrawals depending on amount of withdrawal. Accountee on draft full#INSURED DEPOSTIS: Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. Refer to the current Rate and Fee Schedule. SERVICE CHARGES: The S/D checking account will be subject to service charges in accordance with the rate and fee schedule(s) adopted by the Board of the RCFCU. The Rate and Fee Schedule has more detailed information. Dividends are computed on the average daily balance and paid as of the last day of each month. MINIMUM AMOUNT: There is a $100 minimum balance required to open a Share Draft (S/D) checking account.ĭIVIDENDS: To earn and receive dividends, the account must have a balance of not less than $500.00 for the entire month. CU MEMBERSHIP REQUIRED: I/We must have an open share account with Rim Country Federal Credit Union (RCFCU) to qualify for a share draft checking account. ![]()
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