Personal Banking

Electronic Funds Transfer

Agreement


I have read the Disclosure displayed below and agree to the terms and conditions:

This Agreement and Disclosure is made in compliance with federal law regulating electronic funds transfer (EFT) services. Electronic funds transfers are electronically initiated transfers of money involving a deposit account at a Financial Institution. The following disclosures set forth your and our rights and responsibilities concerning the electronic funds transfers. In this Agreement, the words "you" and "your" mean those who sign as applicants or any authorized user(s). The words "we", "us", and "our" mean Marine Bank.


Disclosures


ATM Card

Types of Transfers

You may use the automated teller machine (ATM) card and personal identification number (PIN) issued to you to initiate transactions at ATMs within the networks identified on your card and such other facilities as we may designate from time to time. At present you may use your card to (some of these services may not be available at all ATMs):

  • Deposit funds to your checking account.
  • Withdraw cash from your checking account.
  • Deposit funds to your savings account.
  • Withdraw cash from your savings account.
  • Transfer funds between your checking and savings accounts.
  • Obtain balance information on your deposit accounts.
Limitations on Frequency and Amount
  • You may withdraw up to a maximum of $500.00 (if there are sufficient funds in your account) per day.
  • For security purposes, there are limits on the frequency and amount of transfers you may make at ATMs.
Fees and Charges for ATM Transactions
  • NOTICE REGARDING ATM FEES BY OTHERS: If you use an automated teller machine that is not operated by us, you may be charged a fee by the operator of the machine and/or by an automated transfer network.
  • There is a Replacement Card Fee of $5.00 per ATM card.

VISA® Debit Card

Types of Transactions

You may use the debit card and PIN issued you to pay for purchases from merchants who have agreed to accept the card at point of sale (POS) terminals within the networks identified on your card and such other terminals as the Bank may designate from time to time.

Limitations on Frequency and Amount

You may purchase up to a maximum of $1,500.00 worth of goods and services per day, exclusive of ATM withdrawals.

Prohibited Transactions

VISA® Debit Card holders agree not to engage in any transaction that violates applicable law and that a VISA® Debit Card may not be used for any illegal transactions.

PINless Debit on a PIN-Debit Network

VISA® Debit Card holders are able to do transactions not requiring a PIN that are supported and routed through a PIN network. The network that supports PINless transactions for Marine Bank is NYCE.

PINless debit transactions are not covered by the provisions of the VISA® cardholder agreement since these are non-VISA transactions. An example of a PINless debit would be a bill payment transaction; in initiating payment directly with the biller, your identity is verified using known information instead of the use of a PIN.

PINless Debit on the VISA Network

To initiate a PINless debit transaction that is routed via VISA®, you may take action such as signing a receipt, providing your debit card number over the phone or via the Internet, or swiping your card through a point-of-sale terminal.

Fees and Charges
  • NOTICE REGARDING ATM FEES BY OTHERS: If you use an automated teller machine that is not operated by us, you may be charged a fee by the operator of the machine and/or by an automated transfer network.
  • There is a Replacement Card Fee of $5.00 per debit card.

Banking by Phone

Types of Transactions

You may access your account(s) by telephone at (800)811-4190, using a touch tone phone, your account number and a separate personal identification number (PIN) assigned to you and your account number in our audio response system. At the present time you may use the system to:

  • Transfer funds between your deposit accounts.
  • Obtain balance information on your deposit accounts.
  • Verify the date and amount of your last six deposits and withdrawals.
  • Determine if a particular check has cleared your account.
Limitations on Frequency and Amount
  • There are no limits on the number of inquiries, transfers or withdrawals you may make per day, except transfers or withdrawals from a Savings Account or a Money Market Account to another account are limited to six (6) each four- (4) week period.
  • Transfer limit is defined by the dollar amount you set in the automatic transfer agreement.
Fees and Charges

We do not charge for any audio response transactions.

Online Banking

Types of Transactions

You may access your accounts online at www.ibankmarine.com using your online banking user ID and password. At the present time you may use the system to:

  • Transfer funds between your deposit accounts.
  • Obtain balance information on your deposit accounts.
  • View information about deposits and withdrawals.
  • Determine if a particular check has cleared your account.
  • Make payments from your checking account to Marine Bank loan accounts.
  • Make payments from your checking account to billers, merchants and other payees you identify.
Fees and Charges

We do not charge for online banking services.

Deposits, Payments and Transfers

You may arrange for us to complete the following pre-authorized transfers:

  • Accept direct deposits from the U.S. Treasury Department to your checking or savings account.
  • Accept direct deposits from your employer or other financial institutions to your checking or savings account.
  • Pay certain recurring bills from your checking or savings account.
Fees and Charges
  • We do not charge for any pre-authorized EFTs.
  • We will charge $30.00 for each stop-payment order for pre-authorized transfers.

International Fees

An international transaction is a transaction conducted with a merchant whose country is outside the USA. VISA USA will charge the following fees:

  • Currency Conversion Fee -- International Service Assessment fee of 1% for all international transactions that involve a currency conversion.
  • Cross Border Fee -- International Service Assessment fee of 0.8% for all international transactions that do not involve a currency conversion.

Documentation You Receive

  • A receipt when you make any transfer, deposit to, or withdrawal from your account using one of our automatic teller machines (if requested).
  • A receipt when you make any withdrawal or purchase at any point-of-sale terminal or debit card terminal.
  • A monthly account statement from us for your checking or money market account(s).
  • A monthly account statement from us for your savings account(s), unless there are no electronic fund transfers in a particular month. At a minimum, you receive a statement semi-annually.

Pre-Authorized Payments

Stop Payment Rights. If you have told us in advance to make regular electronic fund transfers out of your account(s), you can stop any of these payments. Here's how: Call us at (217)726-0660 or write to us at 3050 Wabash Ave., Springfield, IL 62704-6413 in time for us to receive your request three (3) business days 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 fourteen (14) days after you call. We will charge you $30.00 for each stop payment order you give.

Notice of Varying Amounts. If these regular payments may vary in amount, the person you are going to pay will tell you, ten (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 Transfers. If you order us to stop one of these payments three (3) business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages.

Financial Institution Liability

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. We will not be liable:

  • If, through no fault of ours, you do not have enough money in your account to make the transfer.
  • If the money in your account is subject to legal process or other claim restricting such transfer.
  • If the transfer would go over the credit limit on your overdraft line.
  • If the ATM where you are making the transfer does not have enough cash.
  • 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 transaction, despite reasonable precautions that we have taken.
  • There may be other exceptions stated in our agreement with you.

Confidentiality

We will disclose information to third parties about your account or the transfers you make:

  • To complete transfers as necessary;
  • To verify the existence and condition of your account upon the request of a third party, such as a credit bureau or merchant;
  • To comply with government agency or court orders;
  • If you give us your written permission.

Unauthorized Transfers

Tell us AT ONCE if you believe your card, ATM PIN, POS card or PIN, or Audio Response PIN has been lost or stolen. 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 you tell us within two (2) business days, you can lose no more than $50.00 if someone used your card or 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 card or code, and we can prove that we could have stopped someone from using your card or code without your permission if you had told us, you could lose as much as $500.00. Also, if your statement shows transfers that you did not make, tell us at once. If you do not tell us within sixty (60) days after the statement was mailed to you, you may not get back any money lost after the sixty (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 periods. If you believe that your card or code has been lost or stolen or that someone has transferred or may transfer money from your account without your permission, call (217) 726-0660, or write us at Marine Bank, 3050 Wabash Avenue, Springfield, IL 62704-6413.

Additional Limit on Liability for Debit Cards

Unless you have been grossly negligent or have engaged in fraud, you will not be liable for any unauthorized transactions using your lost or stolen VISA® Debit Card. This additional limit on liability does not apply to ATM transactions, to transactions using your PIN that are not processed by VISA®, or to commercial cards. 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 retrieve any money lost after the 60 days if we can prove that we could have stopped someone from taking the money if Marine Bank had been alerted in time. If a good reason, such as a trip or hospital stay, keep you from telling us, we will extend the time periods.

Business Days

For purposes of these electronic funds transfer disclosures, our business days are Monday through Friday. Holidays are not included.

Error Resolution Notice

In case of errors or questions about your electronic transfers, call (217)726-0660 or write us at Marine Bank, 3050 Wabash Ave., Springfield, IL 62704-6413. We must hear from you no later than 60 days after we sent the first statement on which the problem or error appeared.

  • Tell us your name and account number.
  • Describe the error or the transfer of which you are unsure. Explain as clearly as possible why you believe it is an error or why you need more information.
  • Tell us the dollar amount of the suspected error.

Following a verbal explanation, we might request your complaint or questions in writing within 10 business days. We will determine whether an error occurred within 10 business days after we hear from you and will correct any error promptly. We may take up to 45 calendar days to investigate your complaint or question, or up to 90 days if the transfer involved a new account, a point-of-sale transaction, or a foreign-initiated transfer. If so, we will credit your account within 10 business days for the amount in question so you have use of the money during 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. An account is considered a new account for 30 days after the first deposit is made, if you are a new customer.

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.

If a notice of error involves an electronic fund transfer that occurred within thirty (30) days after the first deposit to the account was made, the applicable time periods for action shall be twenty (20) business days in place of ten (10) business days. If a notice of error involves an electronic fund transfer that was initiated in a foreign country, occurred within thirty (30) days after the first deposit to the account was made, or is a point of sale debit card transaction, the applicable time period for action shall be ninety (90) calendar days in place of forty five (45) calendar days. If a notice of error involves unauthorized use of your point of sale debit card with the VISA® logo when it is used as a VISA® point of sale debit card, we will provide provisional credit within five (5) business days after you notify us instead of within ten (10) or twenty (20) business days. We may withhold providing this accelerated provisional credit, to the extent allowed under applicable law, if the circumstances or account history warrants the delay.

The following limitations may be applicable to your accounts, except as provided by law:

Liability for Unauthorized VISA® Point of Sale Debit Card Transactions. Tell us AT ONCE if you believe your VISA® point of sale debit card has been lost or stolen or of any unauthorized transactions. Your liability for unauthorized use of your debit card with the VISA® logo when it is used as a VISA® point of sale debit card will not exceed (A) Zero dollars ($0.00) liability if you report the loss or theft of the card within two (2) business days of discovery that your point of sale debit card was lost or stolen, or (B) Fifty dollars ($50.00) liability if you report the loss or theft of your point of sale debit card after two (2) business days of discovery that your point of sale debit card was lost or stolen. For other assertions of unauthorized VISA® point of sale debit card transactions, there is a maximum of fifty dollars ($50.00) liability if you provide proper notification of unauthorized VISA® point of sale debit card transactions. We may require you to provide a written statement regarding claims of unauthorized VISA® point of sale debit card transactions.

These provisions limiting your liability do not apply to VISA® commercial cards or VISA® Plus ATM transactions; and apply only to cards issued in the United States. With respect to unauthorized transactions, these limits may be exceeded to the extent allowed under applicable law (see Liability for Unauthorized Transfers paragraph below) only if we determine that you were grossly negligent or fraudulent in the handling of your account or point of sale debit card. The same consumer liability limits shall apply to Interlink Transactions. To notify us of lost or stolen cards, or of unauthorized transactions, call or write to us at the telephone number or address set forth below. This will help prevent unauthorized access to your account and minimize any inconvenience.

VISA® is a registered trademark of VISA® International.

In addition to the limitations set forth above, the following limitations may be applicable to your accounts:

Personal Identification Number (PIN). The ATM PIN, POS PIN or Audio Response PIN issued to you is for your security purposes. The numbers are confidential and should not be disclosed to third parties or recorded on the card. You are responsible for safekeeping your PIN(s). You agree not to disclose or otherwise make your ATM PIN, POS PIN or Audio Response PIN available to anyone not authorized to sign on your accounts.

Notices. All notices from us will be effective when we have mailed them or delivered them to your last known address on our records. Notices from you will be effective when received by us at the telephone number or the address specified in this Agreement. We reserve the right to change the terms and conditions upon which this service is offered. We will mail notice to you at least twenty one (21) days before the effective date of any change, as required by law. Use of this service is subject to existing regulations governing your account and any future changes to those regulations.

Enforcement. In the event either party brings a legal action to enforce this Agreement or collect amounts owing as a result of any Account transaction, the prevailing party shall be entitled to reasonable attorneys' fees and costs, including fees on any appeal, subject to any limits under applicable law.

Termination of ATM, POS and Audio Response Services. You agree that we may terminate this Agreement and your use of the ATM Card, POS or Audio Response services, if:

  • You or any authorized user of your ATM PIN, POS card or PIN or Audio Response PIN breach this or any other agreement with us;
  • We have reason to believe that there has been an unauthorized use of your ATM PIN, POS card or PIN or Audio Response PIN;
  • We notify you or any other party to your account that we have cancelled or will cancel this Agreement. You or any other party to your account can terminate this Agreement by notifying us in writing.

Termination of service will be effective the first business day following receipt of your written notice. Termination of this Agreement will not affect the rights and responsibilities of the parties under this Agreement for transactions initiated before termination.

Other Provisions. There may be a delay between the time a deposit is made and when it will be available for withdrawal. You should review our Funds Availability Policy to determine the availability of the funds deposited at ATMs. 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.