Terms and Conditions
Within Online Banking you may Manage External Accounts for the Financial Institution (“FI”) Transfer service (“Service”). This Service allows you to transfer funds between your linked personal deposit accounts at NCFCU and certain deposit accounts at other financial institutions. An inbound transfer moves funds into an account at NCFCU. An outbound transfer moves funds from an account at NCFCU to an account at another financial institution. You will need to link each of your non-NCFCU accounts that you wish to use for this Service.
In this agreement, the words “you” and “your” refer to you as the person or business entity entering into this agreement. The words “you” and “your” also includes any user you authorize to use the Service on your behalf. The words “we”, “us”, and “our” refer to NCFCU.
To qualify for this Service, you must meet eligibility criteria as dictated by us. Criteria include but are not limited to…
All users must be over 18 years of age
Account must be in good standing
Account must have a good mailing address
Any account which requires more than one signature for a withdrawal is not eligible for this service
You agree that you will only attempt to link accounts for which you have the authority to transfer funds. All accounts requested to be used as part of this Service will be verified in accordance with NCFCU procedures. The verification process must be completed by you prior to using the Service. You will have 10 attempts after the request to link an account to complete the verification process. Verification instructions are displayed to you during the linking process.
Funds requested to be transferred will be debited/credited to your NCFCU account the business day following the day you initiate the transfer, provided you have met the NCFCUs cutoff time for submitting FI transfers. In the case of a future dated or recurring transfer, these time limits will be the business day following the scheduled date of the transfer. The cutoff time for initiating transfers is 2:45pm Eastern Standard Time (“EST”). Funds requested to be transferred will be debited/credited to the non-NCFCU account according to the receiving FI’s availability and transaction processing schedule.
Request to cancel a transfer of funds must be done by calling 717-774-7706 by 2:45pm the day the transfer is to happen.
There currently are no usage fees for the Service. Fees are subject to change. Non-Sufficient Funds (“NSF”) and Courtesy Pay fees do apply. Transfers are subject to the limits displayed in your account within Online and Mobile Banking.
All incoming transfers are posted with a 3 day hold for processing and based on your limit level you will have immediate availability of either $500 or $1000. Any change to your dollar limits and transfer limits can occur at any time. NCFCU may cancel this service at any time without prior notification.
PREAUTHORIZED TRANSFER LIMITS: Government regulations limit the number of preauthorized, automatic or telephone transfer from your savings and/or money market account to no more than six checks or preauthorized transfers from the account per month, statement cycle, or similar four week period. No more than three of those transfers may be by check, draft or ACH or similar order to third parties. If you exceed the transfer limitations set forth in any statement period, your account will be subject to closure by the NCFCU and may be subject to an excessive usage fee based on our current fees schedule for every outgoing transfer above the stated limit.
UNATHORIZED FI TRANSFERS: You understand that if you think someone else has learned your access credentials for online banking or an unauthorized FI Transfer or other type of online transaction has been made from one of your accounts, you must notify NCFCU immediately by telephone (717) 774-7706 during normal business hours. Normal business hours are Monday through Friday 8:00am EST to 4:30pm EST, excluding holidays or office closings. You understand that NCFCU cannot act until normal business hours regardless of the time you telephone. You may also write to the NCFCU at P.O. Box 658, New Cumberland, PA 17070.
INDEMNIFICATION: YOU ARE RESPONSIBLE FOR THE ACCURACY OF ALL THE INFORMATION YOU INPUT, AND AGREED THAT WE RELY UPON THE INFORMATION YOU PROVIDE, WITHOUT FURTHER VERIFICATION, WHEN PROCESSING TRANSACTIONS YOU INITIATE THROUGH THIS SERVICE. You agree to indemnify and hold harmless NCFCU for any transfers that are not completed for any reason including but not limited to your negligence, errors in account number, bank routing number, insufficient funds available to complete the transfer, or exceeding the daily transfer limits. YOU AGREE THAT NCFCU SHALL NOT BE LIABILE FOR ANY COSTS, FEES, LOSSES OR DAMAGES OF ANY KIND INCURRED AS A RESULT OF ANY INACCURACY, INCOMPLETENESS OR MISINFORMATION CONTAINED IN THE INFORMATON YOU HAVE PROVIDED TO US. YOU AGREE THAT NCFCU SHALL NOT BE LIABLE FOR ANY COSTS, FEES, LOSSES, OR DAMAGES OF ANY KIND INCURRED AS A RESULT OF : (1) MY GRANTING YOU AUTHORITY TO VERIFY A THIRD PARTY ACCOUNT; (2) YOUR DEBIT AND/OR CREDIT OF A VERIFIED ACCOUNT OR YOUR INABILITY TO DEBIT AND/OR CREDIT SUCH ACCOUNT(S) IN ACCORDANCE WITH MY FI TRANSFER INSTRUCTIONS; (3) ANY INACCURATE OR INCOMPLETE INFORMATION RECEIVED FROM ANOTHER FINANCIAL INSTITUTION IN CONNECTION WITH VERIFYING A THIRD PARTY ACCOUNT OR EXECUTING A TRANSFER WITH A VERIFIED ACCOUNT; (4) ANY CHARGES IMPOSED BY THE FINANCIAL INSTITUTION HOLDING A VERIFIED ACCOUNT; AND (5) ANY TRANSFER LIMITATIONS SET BY A FINANCIAL INSTITUTION HOLDING A VERIFIED ACCOUNT. IN NO EVENT SHALL NCFCU BE RESPONSIBLE FOR ANY INCIDENTAL OR CONSEQUENTIAL DAMAGES OR EXPENSES ARISING IN CONNECTION WITH MY FI TRANSFER REQUEST. NCFCU MAKES NO WARRANTY OR REPRESENTATION THAT THE FI TRANSFER SERVICE WILL MEET ANY REQUIREMENTS OF ANY USER, BE UNINTERRUPTED, TIMELY SECURE OR ERROR FREE.
You hereby authorize NCFCU to debit or credit entries to your eligible NCFCU account(s) when you instruct us to transfer funds to or from your eligible NCFCU account(s) and other eligible account(s) held by you at another financial institution, credit union, or brokerage company in the United States. You agree to comply with any applicable state or federal law in connection with your use of the Service and the fulfillment of its obligations under this Agreement. You further acknowledge that the Automated Clearing House (“ACH”) system may not be used in violation of, and entries that originated by you must comply with the laws of the United States, including sanctions administered by the Office of Foreign Asset Controls (“OFAC”). This authorization is to remain in full force and effect until we have received notice from you of its termination.
INTEGRATION CLAUSE: This Agreement includes all of the terms and provisions of any deposit account agreement, including Membership Agreement and Disclosures and your Internet/Remote Banking Agreement and Disclosures, and other agreements, between you and the NCFCU as if included in full herein. Together they constitute the entire Agreement between you and NCFCU with respect to this Service. You may not assign this Agreement.
GOVERNING LAW: This Agreement shall be governed by the laws of the Commonwealth of Pennsylvania and federal law as applicable Any disputes shall be subject to the jurisdiction (subject matter and personal) of the Court of Common Pleas for York County, Pennsylvania.
AMENDMENTS: You agree that the NCFCU reserves the right to change the terms and conditions of this Agreement as required by law or Credit Union policy. Unless otherwise required by law, we may amend this Agreement without prior notice to you. If we choose to notify you of an amendment or are required by law to do so, we may ask you to agree to an amended version of this Agreement electronically, or mail or deliver a separate notice, statement message or electronic message at the last address we have on file for you.
Unless specifically listed in this agreement, this Service is subject to the definitions and terms of the master Online Banking Service Agreement acknowledged by you when opening your Online Banking account or any amendments thereto. A current copy of the Online Banking Agreement can be viewed by selecting Agreements from the menu bar within your Online Banking account.
Your enrollment in FI Transfer Service constitutes your agreement with the Terms and Conditions of this Service Agreement. You acknowledge that you have read the agreement and understand the agreement and will retain a copy for your records.