Welcome To Our New Website
Welcome To Our New Website
For purposes of this disclosure and agreement the terms “we”, “us” and “our” refer to First National Bank of Absecon. The terms “you” and “your” refer to the recipient of this disclosure and agreement.
The Electronic Fund Transfer Act and Regulation E require institutions to provide certain information to customers regarding electronic fund transfers (EFTs). This disclosure applies to any EFT service you receive from us related to an account established primarily for personal, family or household purposes. Examples of EFT services include direct deposits to your account; automatic regular payments made from your account to a third party and one-time electronic payments from your account using information from your check to pay for purchases or to pay bills. This disclosure also applies to the use of your MASTERCARD Debit ATM Card (hereinafter referred to collectively as “ATM Card”) or Mastercard Debit Card (hereinafter referred to collectively as “Debit Card”) at automated teller machines (ATMs) and any networks described below.
TERMS AND CONDITIONS.
The following provisions govern the use of EFT services through accounts held by First National Bank of Absecon which are established primarily for personal, family or household purposes. If you use any EFT services provided, you agree to be bound by the applicable terms and conditions listed below. Please read this document carefully and retain it for future reference.
DEFINITION OF BUSINESS DAY.
Business days are Monday through Friday excluding holidays.
ELECTRONIC FUND TRANSFER SERVICES PROVIDED
ATM CARD SERVICES.
The services available through use of your ATM Card are described below.
MASTERCARD DEBIT ATM CARD SERVICES:
DEBIT CARD SERVICES.
The services available through use of your Debit Card are described below.
MASTERCARD DEBIT CARD SERVICES:
ATM SERVICES.
NETWORK.
Your ability to perform the transactions or access the accounts set forth above depends on the location and type of ATM you are using and the network through which the transaction is being performed. A specific ATM or network may not perform or permit all of the above transactions.
You may access your ATM Card or Debit Card through the following network(s): MASTERCARD, VISA, NYCE and Plus System networks, but other services may be developed.
ATM FEES.
When you use an ATM not owned by us, you may be charged a fee by the ATM operator or any network used, and you may be charged a fee for a balance inquiry even if you do not complete a fund transfer.
POINT-OF-SALE TRANSACTIONS.
Listed below are the cards you may use to purchase goods and services from merchants that have arranged to accept your cards as a means of payment (these merchants are referred to as “Participating Merchants”).
Some Participating Merchants may permit you to receive cash back as part of your purchase. Purchases made with your cards, including any purchase where you receive cash, are referred to as “Point of Sale” transactions and will cause your “designated account” to be debited for the amount of the purchase. We have the right to return any check or other item drawn against your account to ensure there are funds available to pay for any Point-of-Sale transaction. We may, but do not have to, allow transactions which exceed your available account balance. If we do, you agree to pay an amount equal to the overdrawn balance plus any overdraft fees.
The following cards and the corresponding designated account(s) may be used for Point-of-Sale transactions:
Your ATM and Debit Cards may also be used to obtain cash from your designated account(s) at participating financial institutions when so authorized under the terms of your Account Agreement.
AUTHORIZATION HOLDS.
An authorization hold is a temporary hold that is placed on your account for certain Debit Card transactions. The amount of the temporary hold may be more than the actual amount of the transaction, so your available account balance will temporarily be reduced by the amount of the temporary hold. If the authorization hold or the processing of subsequent transactions causes your account to have insufficient funds to pay the transaction, we may charge you non-sufficient funds fees if we return the item or overdraft fees if we pay the item on your behalf.
CURRENCY CONVERSION – Mastercard®.
If you perform transactions with your card with the Mastercard® logo in a currency other than US dollars, Mastercard International Inc. will convert the charge into a US dollar amount. At Mastercard International they use a currency conversion procedure, which is disclosed to institutions that issue Mastercard®. Currently the currency conversion rate used by Mastercard International to determine the transaction amount in US dollars for such transactions is based on rates observed in the wholesale market or government-mandated rates, where applicable. The currency conversion rate used by Mastercard International is generally the rate of the applicable currency on the date that the transaction occurred.
However, in limited situations, particularly where transactions are submitted to Mastercard International for processing are delayed, the currency conversion rate used may be the rate of the applicable currency on the date that the transaction is processed.
SERVICES PROVIDED THROUGH USE OF FNBA 24-HOUR TELEPHONE BANKING.
You may perform the following functions through use of FNBA 24-Hour Telephone Banking:
PREAUTHORIZED TRANSFER SERVICES.
SERVICES PROVIDED THROUGH USE OF PERSONAL ONLINE BANKING & BILL PAY.
First National Bank of Absecon offers its customers use of our Personal Online Banking & Bill Pay service.
You can access the First National Bank of Absecon online banking system by computer: www.fnbabsecon.com. To gain access to your online account(s) you will use your Username and Password. The online system allows you to access account summary, transfer funds & payments, schedule transactions, pay bills, update your profile, sign up and receive online bank statements, view and update your profile, and send a secured message to the First National Bank of Absecon.
ELECTRONIC CHECK CONVERSION.
If your account is a checking account, you may authorize a merchant or other payee to make a one-time electronic payment from this account using information from your check to pay for purchases or to pay bills.
LIMITATIONS ON TRANSACTIONS
TRANSACTION LIMITATIONS – MASTERCARD DEBIT ATM CARD.
CASH WITHDRAWAL LIMITATIONS.
You may withdraw up to $500.00 through use of ATMs in any one day. You may make up to 5 withdrawals of cash through use of ATMs in any one day.
There is a daily limit for all ATM withdrawal transactions. For security reasons, specific dollar limits are disclosed at the time the ATM Card is issued. First National Bank of Absecon reserves the right to change dollar amount limits at any time upon prior notification.
TRANSACTION LIMITATIONS – MASTERCARD DEBIT CARD. CASH WITHDRAWAL LIMITATIONS.
You may withdraw up to $500.00 through use of ATMs in any one day. You may make up to 5 withdrawals of cash through use of ATMs in any one day.
There is a daily limit for all ATM withdrawal transactions. For security reasons, specific dollar limits are disclosed at the time the Debit Card is issued. First National Bank of Absecon reserves the right to change dollar amount limits at any time upon prior notification.
POINT-OF-SALE LIMITATIONS.
You may buy up to $500.00 worth of goods or services in any one day through use of our Point-of-Sale service. You can use our Point-of-Sale service for up to 25 transactions in any one day.
TOTAL DAILY LIMITS.
In addition to the ATM limit or Point-of-Sale limits disclosed above, a total daily limit is imposed on these transactions. The maximum amount of cash withdrawals and Point-of-Sale transactions is limited to $1,000.00 in any one day.
OTHER WITHDRAWAL LIMITATIONS.
For transaction limitation purposes, a day starts at 12:00AM and ends at 12:00AM the following day (Eastern Time).
OTHER LIMITATIONS.
NOTICE OF RIGHTS AND RESPONSIBILITIES
The use of any electronic fund transfer services described in this document creates certain rights and responsibilities regarding these services as described below.
RIGHT TO RECEIVE DOCUMENTATION OF YOUR TRANSFERS.
TRANSACTION RECEIPTS.
Depending on the location of an ATM, you may not be given the option to receive a receipt if your transaction is $15.00 or less. Upon completing a transaction of more than $15.00, you will receive a printed receipt documenting the transaction (unless you choose not to get a paper receipt). These receipts (or the transaction number given in place of the paper receipt) should be retained to verify that a transaction was performed. A receipt will be provided for any transaction of more than $15.00 made with your ATM Card or Debit Card at a Participating Merchant. If the transaction is $15.00 or less, the Participating Merchant is not required to provide a receipt.
PERIODIC STATEMENTS.
If your account is subject to receiving a monthly statement, all EFT transactions will be reported on it. If your account is subject to receiving a statement less frequently than monthly, then you will continue to receive your statement on that cycle, unless there are EFT transactions, in which case you will receive a monthly statement. In any case you will receive your statement at least quarterly.
PREAUTHORIZED DEPOSITS.
If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company:
USING YOUR CARD AND PERSONAL IDENTIFICATION NUMBER (“PIN”).
In order to assist us in maintaining the security of your account and the terminals, the ATM Card or Debit Card remains our property and may be revoked or canceled at any time without giving you prior notice. You agree not to use your ATM Card or Debit Card for a transaction that would cause your account balance to go below zero, or to access an account that is no longer available or lacks sufficient funds to complete the transaction, including any available line of credit. We will not be required to complete any such transaction, but if we do, we may, at our sole discretion, charge or credit the transaction to your account; you agree to pay us the amount of the improper withdrawal or transfer upon request.
Your ATM Card may only be used with your PIN. Certain transactions involving your Debit Card require use of your PIN. Your PIN is used to identify you as an authorized user. Because the PIN is used for identification purposes, you agree to notify First National Bank of Absecon immediately if your ATM Card or Debit Card is lost or if the secrecy of your PIN is compromised.
You also agree not to reveal your PIN to any person not authorized by you to use your ATM Card or Debit Card or to write your PIN on your ATM Card or Debit Card or on any other item kept with your ATM Card or Debit Card. We have the right to refuse a transaction on your account when your ATM Card or Debit Card or PIN has been reported lost or stolen or when we reasonably believe there is unusual activity on your account.
The security of your account depends upon your maintaining possession of your ATM Card or Debit Card and the secrecy of your PIN. You may change your PIN if you feel that the secrecy of your
PIN has been compromised. You may change your PIN or activate a new debit card by calling
1-866-633-5293 from an existing phone number registered on our records. The personal identification number will consist of four digits entered into the First National Bank of Absecon’s current designated PIN verification system by the account holder.
RIGHTS REGARDING PREAUTHORIZED TRANSFERS.
RIGHTS AND PROCEDURES TO STOP PAYMENTS.
If you have instructed us to make regular preauthorized transfers out of your account, you may stop any of the payments. To stop a payment, call us at: (609) 641-6300 or write to:
First National Bank of Absecon ATTN: Operations Center
106 New Jersey Avenue
P.O. Box 324
Absecon, NJ 08201-0324
We must receive your call or written request at least three (3) business days prior to the scheduled payment. If you call, please have the following information ready: your account number, the date the transfer is to take place, to whom the transfer is being made and the amount of the scheduled transfer. If you call, we will require you to put your request in writing and deliver it to us within fourteen (14) days after you call.
NOTICE OF VARYING AMOUNTS.
If you have arranged for automatic periodic payments to be deducted from your checking or savings account and these payments vary in amount, you will be notified by the person or company ten (10) days before each payment, when it will be made and how much it will be.
OUR LIABILITY FOR FAILURE TO STOP PREAUTHORIZED TRANSFER PAYMENTS.
If you order us to stop one of the payments and have provided us with the information, we need at least three (3) business days prior to the scheduled transfer, and we do not stop the transfer, we will be liable for your losses or damages.
YOUR RESPONSIBILITY TO NOTIFY US OF LOSS OR THEFT.
If you believe your ATM Card or Debit Card or PIN or internet banking access code has been lost or stolen, call us at (800)500-1044 (24/7) or write to:
First National Bank of Absecon ATTN: Operations Center
106 New Jersey Avenue
P.O. Box 324
Absecon, NJ 08201-0324
You should also call the number or write to the address listed above if you believe a transfer has been made using the information from your check without your permission.
CONSUMER LIABILITY.
Tell us AT ONCE if you believe your ATM Card or Debit Card or PIN or internet banking access code has been lost or stolen or if you believe that an electronic fund transfer has been made without your permission using information from your check. Telephoning is the best way of keeping your possible losses down. You could lose all the money in your account (plus your maximum overdraft line of credit, if applicable). If you tell us within two (2) business days after you learn of the loss or theft of your ATM Card or Debit Card or PIN or internet banking access code you can lose no more than fifty dollars ($50) if someone used your ATM Card or Debit Card or PIN or internet banking access code without your permission. If you do NOT tell us within two (2) business days after you learn of the loss or theft of your ATM Card or Debit Card or PIN or internet banking access code and we can prove we could have your permission if you had given us notice, you can lose as much as five hundred dollars ($500). Also, if your statement shows transfers you did not make, including those made by card, code, or other means, tell us at once. If you do not tell us within sixty (60) days after the statement was transmitted to you, you may not receive back any money you lost after the sixty (60) days, and therefore, you may not get back any money in your account, if we can prove that we could have stopped someone from taking the money had you given us notice in time.
CONSUMER LIABILITY FOR UNAUTHORIZED TRANSACTIONS INVOLVING MASTERCARD DEBIT CARD.
The limitations on your liability for unauthorized transactions described above generally apply to all electronic fund transfers.
However, different limitations apply to certain transactions involving your card with the Mastercard® branded card.
If you promptly notify us about an unauthorized transaction involving your card and the unauthorized transaction took place on your Mastercard® branded card, including any PIN-based ATM or POS transactions, zero liability will be imposed on you for the unauthorized transaction. In order to qualify for the zero-liability protection, you must have exercised reasonable care in safeguarding your card from the risk of loss or theft and, upon becoming aware of such loss or theft, promptly reported the loss or theft to us.
ILLEGAL USE OF MASTERCARD DEBIT CARD.
You agree not to use your Mastercard Debit Card for any illegal transactions, including internet gambling and similar activities.
IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR TRANSACTIONS.
In case of errors or questions about your electronic fund transfers,
call us at: (609)641-6300 or write to:
First National Bank of Absecon ATTN: Operations Center
106 New Jersey Avenue
P.O. Box 324
Absecon, NJ 08201-0324
or email us at: Customerassistance@FNBAbsecon.com or
use the current information on your most recent account statement.
Notification should be made as soon as possible if you think your statement or receipt is wrong or if you need more information about a transaction listed on the statement or receipt. You must contact First
National Bank of Absecon no later than 60 days after we sent you the first statement on which a problem or error appears. You must be prepared to provide the following information:
If you provide oral notice, you will be required to send in your complaint or question in writing within ten (10) business days.
We will determine whether an error occurred within ten (10) business days (twenty (20) business days for new accounts) after we hear from you and will correct any error promptly. If we need more time, however, we may take up to forty-five (45) days (ninety (90) days for new accounts and foreign initiated or Point-of-Sale transfers) to investigate your complaint or question. If we decide to do this, we will credit your account within ten (10) business days (twenty (20) business days for new accounts) for the amount which you think is in error, so that you will have the use of the money during the time it takes to complete our investigation. If we ask you to put your complaint or question in writing and we do not receive it within ten (10) business days, we may not credit your account. The extended time periods for new accounts apply to all electronic fund transfers that occur within the first thirty (30) days after the first deposit to the account is made, including those for foreign initiated or Point-of-Sale transactions. We will tell you the results within three (3) business days after completing our investigation. If we decide that there was no error, we will send you a written explanation.
You may ask for copies of the documents that we used in our investigation.
LIABILITY FOR FAILURE TO COMPLETE TRANSACTION.
If we do not 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 as provided by law. However, there are some exceptions. We will NOT be liable, for instance:
CHARGES FOR TRANSFERS OR THE RIGHT TO MAKE TRANSFERS.
The following fees and charges may be imposed on your checking account:
If you sign up for automatic overdraft protection, we charge a fee each time a transfer is made to cover overdraft situations. $10.00
DISCLOSURE OF ACCOUNT INFORMATION.
You agree that merchant authorization messages transmitted in connection with Point-of-Sale transactions are permissible disclosures of account information, and you further agree to release First National Bank of Absecon and hold it harmless from any liability arising out of the transmission of these messages.
We will disclose information to third parties about your account or electronic fund transfers made to your account:
AMENDING OR TERMINATING THE AGREEMENT.
We may change or amend any of the terms and conditions of the Agreement and those portions of the applicable Fee Schedule which relate to EFT services, at any time upon at least 21 days written notice to you prior to the effective date of the change or amendment. Your failure to timely furnish notice as set forth in the written notice shall be deemed to be your acceptance of such change or amendment. If you do not agree to abide by a change or amendment, you must notify First National Bank of Absecon of the fact prior to the effective date of the change or amendment and cancel this Agreement. First National Bank of Absecon may cancel this Agreement at any time, without giving you prior notice. If you or First National Bank of Absecon cancels this Agreement at any time, you shall surrender any card and you may no longer use any of First National Bank of Absecon’s EFT services other than automated clearing house transfer services.
SAFETY PRECAUTIONS FOR ATM TERMINAL USAGE.
Please keep in mind the following basic safety tips whenever you use an ATM:
ADDITIONAL PROVISIONS
Your account is also governed by the terms and conditions of other applicable agreements between you and First National Bank of Absecon.