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ONLINE DEPOSIT SERVICE AGREEMENT This disclosure provides important information required by the Electronic Fund Transfer Act. By clicking the “I Agree” button, you consent to sign up for the Online Deposit service, agree to receive electronic communications, and accept the terms and conditions of this service using your electronic signature. Read both parts of this agreement carefully and keep a copy for your records. Part I: Agreement to Receive Electronic Communications You will receive important information required by the Electronic Fund Transfer Act electronically. Read this notice carefully and keep a copy for your records.  The following information will be provided electronically: Online Deposit Terms and Conditions. The use of Online Deposit Service is available to you only if you accept the electronic terms and conditions. To receive this information electronically, you will need Microsoft Internet Explorer 5.5 or greater (with 128 bit encryption), Netscape Navigator 4.76 or greater (with 128 bit encryption), or AOL 5.0 or greater (128 bit encryption). You must have access to a computer that satisfies these requirements. You must have access to a printer, or the ability to download information, in order to keep copies of the electronic agreement and terms and conditions for your records.  Right to Withdraw Electronic Disclosure Consent – You have the right to withdraw your consent to receive electronic disclosures. To terminate Online Deposits or to update your information (e.g. change of Internet e‐mail address), you should contact GEMC Federal Credit Union by phone at 470‐514‐3000 (Metro Atlanta) or 1‐888‐959‐7132 (Outside of Metro Atlanta), e‐mail us at [email protected] or write to us at 2100 E Exchange Place, Suite 101, Tucker, GA 30084.  Paper copies of Service Agreement – If at anytime you wish to receive a paper copy of the Agreement for this service, please print the agreement located on the Online Deposit screen or you may request a copy from one of our Member Service Representatives by calling 470‐514‐
3000, or by writing to GEMC Federal Credit Union, 2100 E Exchange Place, Suite 101, Tucker, GA 30084. By selecting the “I Agree” button, you are requesting that the following Online Deposit Terms and Conditions be provided to you in an electronic format. In addition, you are acknowledging that you are able to access the information in electronic form through the Internet and that you are able to retain this information by printing it or by downloading it. Part II: Online Deposit Terms and Conditions GEMC FCU’s Online Deposit Service is available, as an additional service to GEMC FCU’s Web Account Access product, to members in good standing. Use of this service will constitute acceptance of the terms and conditions presented specifically for this service. All other Regulation E, and Regulation CC (check hold) disclosures and Terms of Agreement previously set forth for GEMC FCU’s Web Account Access will remain in effect. 1 GEMC Federal Credit Union – On Line Deposit Agreement (Jan 2013)
Deposit of Funds As a member, you may deposit up to your approved limit into your savings and checking by key‐entering required information during each deposit batch. A Deposit Batch occurs when you select the Online Deposit option in Web Account Access, select appropriate account number, key‐enter a deposit item or multiple deposit items, and then post the total amount to your account. You may complete more than one Deposit Batch as long as the approved limit up to the $5,000 maximum deposit limit is not exceeded. You may not deposit cash through this service. The total amount posted during each Deposit Batch will be credited to your account on the same date your deposit entry is made. Your deposit will be available immediately for use. In exchange for availability of funds using our Online Deposit Service, you agree to:  Properly endorse the check by signing it; writing “For Deposit Only” and the Deposit Confirmation Number;  Record a Deposit Confirmation Number that will be assigned by GEMC FCU on the back of the check;  Not include any other correspondence or material of any type with the deposit items mailed to GEMC FCU;  Mail of each Deposit Batch (the items being deposited) the contents in a single envelope to GEMC FCU and agree not to mail the contents of more than one Deposit Batch in a single envelope; For example, if Joe Member deposits three checks to his account during one Deposit Batch, those same three checks must be mailed together in one envelope. If Joe completes a second Deposit Batch, the contents of that Deposit Batch must be mailed together in a second deposit envelope.  Mail the deposit to GEMC FCU, Attn: Member Services, 2100 E Exchange Place, Suite 101, Tucker, GA 30084. Using the special address labels provided by the credit union;  Promptly mail the contents of each Deposit Batch no later than one day after the date that you completed your Deposit Batch;  Fully cooperate with GEMC FCU in any investigation involving lost mail or missing deposit items from your deposit envelope. For example, we may require you to validate any missing deposit items by providing documentation that includes but is not limited to payroll statements, check stubs, information about the maker of the deposit item, etc. Deposit items received and processed by GEMC FCU within the 10‐calendar‐day grace period will refresh the available deposit limit on the account. For example, a single $1,500 deposit with an approved maximum deposit amount of $1,500 will restrict additional Deposit Batches to the account until the deposit item is processed by GEMC FCU. GEMC FCU will not be liable for negative balances on accounts caused by the non‐payment of checks due to non‐sufficient funds, delays in the mail service, lost or damaged mail or for any action by you or anyone you authorize to use the service that results in the reversal of a deposit on the account. Deposits Not Received or Missing Deposit Items GEMC FCU must receive the deposit items that make up the total deposit in each Deposit Batch within a 10‐calendar‐day period that begins the day after the date of each Deposit Batch. If GEMC FCU does not 2 GEMC Federal Credit Union – On Line Deposit Agreement (Jan 2013)
receive the deposit items within the 10‐calendar‐day period, the deposit total may be reversed on your account. This may result in a negative balance on your account. If you think you made an error during a Deposit Batch, or if you omitted a deposit item from your deposit envelope, or you have a question about your deposit, you may e‐mail us at [email protected], call us at 470‐514‐3000, or write us at: GEMC FCU, 2100 E Exchange Place, Suite 101, Tucker, GA 30084. If you notify us that you mailed the deposit item(s) that made up the total deposit in a Deposit Batch, and GEMC FCU determines that your deposit envelope is lost in the mail or a deposit item is missing from your deposit envelope, GEMC FCU will begin an investigation. You agree to fully cooperate with GEMC FCU in the investigation by performing the following steps:  You agree to contact the maker of any missing deposit item(s) within two days of the start of the investigation to obtain replacements for the missing deposit items.  You agree to validate each missing deposit item by providing us with documentation that includes but is not limited to payroll stubs, check stubs, information about the maker of the deposit item or any other documentation that supports the validity of each missing deposit item that will be used by you to obtain a replacement item from the maker of each original missing deposit item. We will credit your account for the amount of each missing deposit item validated by you, from the Deposit Batch under investigation, for a period of no longer than 30 days, so that you have full use of the money and to give you sufficient time to obtain a replacement item(s). GEMC FCU will not credit your account for any missing deposit item you fail to validate. If additional time is required to obtain a replacement deposit item(s), we may decide, at our option, to extend the temporary credit on your account for the amount of the deposit item(s), so long as you provide us with written documentation from the maker(s) of the deposit item(s) that supports the need to extend the time frame. GEMC FCU will not be liable for negative balances, account fees or other external institution’s fees on accounts caused by deposits not received or missing deposit checks due to non‐sufficient funds, delays in the mail service, lost or damaged mail or for any action by you or anyone you authorize to use the service that results in the reversal of a deposit on the account. Unacceptable Deposit Items You agree that the following items will not be considered an acceptable deposit item(s) under the Online Deposit Service Agreement. Deposits of the nature described below will result in the immediate reversal of the deposit to your account and may result in the suspension of this service. A deposit reversal means the amount of the item(s) deposited will be removed from your account and will reduce your account balance. The reversal may also result in a negative balance on your account and may subject you to collection efforts. GEMC FCU will not be liable for negative balances, account fees or other external institution’s fees on accounts caused by an unacceptable deposit that results in the reversal of a deposit on the account. Unacceptable deposits include the following:  Deposit of a GEMC FCU Check Drawn on Personal Account ‐ The deposit of a personal check that is drawn on the account holder’s personal checking account at GEMC FCU is PROHIBITED. Deposits of this nature will result in the immediate revocation of this service. 3 GEMC Federal Credit Union – On Line Deposit Agreement (Jan 2013)
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Non‐Negotiable Items ‐ The deposit of any item stamped with a “non‐negotiable” watermark is PROHIBITED. Deposits of this nature will result in the immediate revocation of this service.  Altered Checks ‐ An altered check is any check that contains evidence of a change (correction fluid, crossed out amounts, etc.) to information on the face of the check. Members with altered checks MUST get a replacement check from the maker before GEMC FCU will accept the deposit.  Foreign Checks ‐ A foreign check is any check that is issued to you by a financial institution in another country (Canada, France, etc.).  Incomplete Items ‐ An incomplete item is any item that does not contain signatures of the maker, endorsement signatures, or is missing any of the information required during key‐entry in a Deposit Batch.  Stale Dated Checks ‐ Certain checks contain instructions such as: “Void 90 days after issue date” or “Must be cashed within six months of issue date.” Members with stale dated checks MUST get a replacement check from the maker before GEMC FCU will accept the deposit.  Third Party Endorsed Checks ‐ Checks issued to a payee other than the member or joint‐owner will not be accepted even if the payee and the member or joint‐owner has properly endorsed the check. You authorize GEMC FCU to obtain and evaluate your credit report to determine if the On‐line Deposit service will be offered to you and to set the approved deposit limit. Other factors used in determining your approved deposit limit include but not limited to employment history, income, GEMC FCU account history and length of membership. Upon acceptance of both parts of the Online Deposit Service Agreement, you agree to abide by specific terms and conditions put in place to ensure the timely processing of the Online Deposits. Any action by you or anyone you authorize to use this service that results in the violation of the terms and conditions set forth in this Agreement will result in termination of this service. GEMC FCU reserves the right to reduce deposit limits, discontinue this service or to suspend account access at any time due to a change in business conditions or the failure of any member to abide by the Terms and Conditions of this service, or any other applicable GEMC FCU Agreements and Disclosures. 4 GEMC Federal Credit Union – On Line Deposit Agreement (Jan 2013)