The Electronic Fund Transfers we are
capable of handling, some of which may not apply to your account, are indicated below.
Please read this disclosure carefully because it tells you your rights and obligations for
these transactions. You should keep this notice for future reference.
You may make arrangements for certain direct deposits to be accepted into your
Checking, Savings, or Premier Checking account.
You may make arrangements to pay certain recurring bills from your Checking, Savings or
Premier Checking accounts.
ATM Transfers-Types of Transfers and Dollar Limitations
You may access your account(s) by ATM using your ATM / VISA Check Card and personal
identification number, to:
- get cash withdrawals from checking account(s) - you may withdraw no more than a
cumulative total of $508 per day
- get cash withdrawals from saving account(s) - you may withdraw no more than a cumulative
total of $508 per day
- get information about: the account balance of your checking accounts, the account
balance of your savings accounts
- make deposits to checking/savings accounts
- pay for purchases anywhere point of sale terminals are located
Some of these services may not be available at all terminals.
Charges for Electronic Fund Transfers
We do not charge for direct deposits to any type of account.
Except as indicated elsewhere, we do not charge for preauthorized withdrawals from any
type of account.
Except as indicated elsewhere, we do not charge for electronic fund transfers.
Fees and Charges for ATM Transactions:
There is no charge for ATM transactions at machines owned by us.
There is no charge for ATM deposits.
There is a $1.00 charge for each ATM withdrawal at machines that we do not own.
There is a $1.00 charge for any balance inquires at machines that we do not own.
If you have a qualified direct deposit ($300 per month) you can make up to 4
withdrawals at machines not owned by us and not incur the $1.00 fee.
When you use an ATM not owned or operated by us, you may be charged a fee by the
ATM operator or any network used to complete the transaction.
There is a Replacement Card Fee of $5.00 per card.
Fees and Charges for LAURA(Audio Response)
There are no charges to use LAURA.
Fees and Charges for Leyden Online(Home Banking)
Fees and Charges for Bill Payment
There is a monthly charge of $5.95. This entitles you to 10 bill payments a
month. Any payments after 10 will incur a charge of $ .45 per payment.
Right to Documentation
You can get a receipt at the time you make any deposit or withdrawal from your account
using an automated teller machine.
If you have arranged to have direct deposits made to your account at least once every
60 days from the same person or company, you can call LAURA (Leyden AUdio Response Access)
at 847-455-8440 to find out whether or not the deposit has been received.
Your ability to print up-to-the minute account summaries, transaction reports, etc.
make it unnecessary for Leyden Credit Union to print monthly/quarterly statements.
Stop Payment Procedures and Notice of Varying Amounts
Right to Stop Payment and Procedure for Doing So
If you have told us in advance to make regular payment out of your account, you can
stop any of these payments. Here is how:
Call us at 847-455-8440, write us at P.O. Box 236 Franklin Park, Illinois 60131 or
e-mail us at email@example.com in time for us to receive your request three business day or
more before the payment is scheduled to be made. If you call, we may also require you to
put your request in writing and get it to us within 14 days after you call.
We will charge you $10.00 for each stop payment order you give.
Notice of Varying Amount
If these regular payments vary in amount, the person you are going to pay will tell
you, 10 days before each payment, when it will be made and how much it will be. (You may
choose instead to get this notice only when the payment would differ by more than a
certain amount from the previous payment, or when the amount would fall outside certain
limits that you set.)
Liability for Failure to Stop Payment of Preauthorized Transfer
If you order us to stop one of these payments three business days or more before the
transfer is scheduled, and we do not do so, we will be liable for your losses or damages.
Liability for Failure to Make Transfers
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.
However, there are some exceptions. We will NOT be liable, for instance:
- If, through no fault of ours, you do not have enough money in your account to make the
- If the transfer would go over the credit limit on your overdraft line of credit.
- If the automated teller machine where you are making the transfer does not have enough
- If the terminal or system was not working properly and you knew about the breakdown when
you started the transfer.
- If circumstances beyond our control (such as fire or flood) prevent the transfer,
despite reasonable precaution we have taken.
- There may be other exceptions stated in our agreement with you.
Disclosure of Account Information to Third Parties
We will disclose information to third parties about your account or the transfers you
- where it is necessary for completing transfers;
- in order to verify the existence and condition of your account for a third party, such
as a credit bureau or merchant;
- in order to comply with government agency or court orders; or
- if you give us written permission.
Tell us AT ONCE if you believe your card and/or code has been lost or stolen.
Telephoning is the best way of keeping your possible losses down. You could lose all of
the money in your account (plus your maximum overdraft line of credit if applicable). If
reported within two business days there is no liability. If reported after two business
days, you are liable for as much as $50. That amount may be increased if Leyden Credit
Union can prove that you have been negligent.
Also, if your statement shows transfers that you did not make, tell us at once. If you
do not tell us within 60 days after the statement was mailed to you, you may not get back
any money you lost after the 60 days if we can prove that we could have stopped someone
from taking the money if you had told us in time.
If a good reason (such as a long trip or a hospital stay) kept you from telling us, we
will extend the time period.
If you believe your card and/or code has been lost or stolen or that someone has
transferred or may transfer money from you account without your permission, call or write
us immediately at:
VISA / VISA CHECK CARD
1-800-325-3678 (24 hours)
Leyden Credit Union
PO Box 236
Franklin Park, IL 60131
In the case of errors or questions about your electronic transfers, call or write us at
the telephone or address listed above, as soon as you can, if you think your receipt is
wrong or if you need more information about a transfer listed on the receipt. We must hear
from you no later than 60 days after which the problem or error appeared.
- Tell us your name and account number (if any).
- Describe the error on 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.
- Tell us the dollar amount of the suspected error.
If you notify us verbally, we may require that you send us your complaint or question
in writing within 10 business days.
We will tell you the results of our investigation within 10 business days (20 business
days if the transfer involved a point-of-sale transaction or a foreign initiated transfer)
after we hear from you and will correct any error promptly. If we need more time, however,
we may take up to 45 days (90 days if the transfer involved a point-of-sale or a foreign
initiated transfer) to investigate your complaint or question. If we decide to do this we
will re-credit your account within 10 business days (20 business days if the transfer
involved a point-of-sale transaction or a foreign initiated transfer) for the amount you
think is in error, so that you will have the use of the money during the time it takes us
to complete our investigation. If we ask you to put your complaint or question in writing
and we do not receive it within 10 business days, we may not re-credit your account.
If we decide that there was no error, we will send you a written explanation within
three business days after we finish our investigation. You may ask for copies of the
documents that we used in our investigation.
Leyden Credit Union
P.O. Box 236
Franklin Park, Illinois 60131