Your rights, commitments and responsibilities for electronic money transfers are subject to this agreement and, if applicable, to the provisions of the Federal Electronic Fund Transfer Act and Regulation E of the Consumer Financial Protection Bureau. This agreement also contains the information we must provide to consumers for our electronic transfer services, in accordance with Regulation E. The terms of this agreement are in addition to the terms of all account deposit accounts that govern accounts accessible by electronic transfers. By using your bank card, Visa debit card or any of our other electronic transfer services, you accept the terms of this contract. You must contact us within 40 calendar days from the date we sent the replacement cheque or account extract indicating that the replacement cheque was booked into your account (or provided in some way with a means you agreed), too late depending. We extend this period if, due to exceptional circumstances, you have not been entitled to make a claim in a timely manner. If you apply orally, we may require you to submit your application in writing within 10 business days. Some or all of the cheques we replace you may be replacement cheques. This message describes the rights you have when you receive replacement cheques from us. The fees in this notice do not apply to original cheques or electronic debits to your account.
However, they have rights under other laws relating to these transactions. In some cases, depending on the type of cheque you deposit, we may delay your ability to withdraw money from cheque deposits beyond the first business day. Then, the funds are usually made available until the second business day following the day of the deposit. However, the first $225 of your deposits may be available on the first business day following the day of your deposit. They agree not to use the transfer system to deal with transactions that violate (i) the sanctions imposed by OFAC, (ii) federal legislation transposing and enforcing the law on the application of illegal online gambling or (iii) other federal laws. Illegal, restricted or prohibited transactions that we recognize and identify may be blocked or denied, shippers or beneficiaries of such transactions may be sanctioned and your account (s) may be closed. The U.S. Treasury Department`s Office of Foreign Assets Control (OFAC) manages and imposes economic and trade sanctions on the basis of U.S. foreign policy and domestic security objectives against targeted foreign countries and certain entities such as terrorists and drug traffickers. We must comply with OFAC`s rules, which require us to verify all international ach (IAT) transactions using a list of sanctioned countries and entities.
If we identify an IAT sent to your account to conduct further investigations, i) the settlement of such a transaction may be delayed, (ii) the transaction may be refused and/or (iii) the transaction may be blocked, then we will have to block the funds indefinitely. If an IAT is refused or blocked, we will notify you.