In this agreement the “you” and “your” refers to the individual who agrees to be bound by this Agreement; “Card” means the SFCU HSA Debit Card and any duplicates, renewals, or substitutions Sun Federal Credit Union issues to you; “Share Draft (Savings) Account” may also be referred to as your Account. “Credit Union” means Sun Federal Credit Union. The purpose of this Disclosure Statement is to inform you of certain rights you have under the Electronic Funds Transfer Act.
When you receive or change your Debit Card PIN, memorize it. Do not write it on your SFCU Debit Card. Destroy any written record of your PIN.
Limitations on the Use of Your HSA Debit Card You may withdraw up to $300 per day at an Automated Teller Machine (ATM) provided the funds are available from your HSA account. You are limited to up to $2,500 in total purchases per day, but this could vary and is established at the time that you apply for the card. You will be denied the use of your HSA Debit Card if you exceed the daily withdrawal limit, do not have adequate funds available in your account or you do not enter the correct Personal Identification Number. The receipt provided by the ATM will notify you of the denial. There is a limit on the number of such denials permitted. Attempts to exceed the limit will result in machine retention of your card. The number of attempts that result in machine retention is not revealed for security reasons. This card may not be used for hotel, car rental, online gambling purposes, or to make deposits at ATM machines.
Purchase Transaction You may use your HSA Debit Card only for normal distributions, i.e., distributions to pay for qualified medical expenses at any establishment (“Merchant”) where VISA or ATM CARDs are accepted by such Merchant. We may limit the amount of your purchases to the amount that is available in your Account at the time of purchase. You agree that we may hold funds representing purchases authorized until posted to your checking account. The Credit Union will report to the IRS all distributions made via the debit card as a normal distribution. It is your responsibility to ensure that funds are used only for qualified medical expenses as stated in your HSA Trust Account Agreement. Responsibility You agree to pay all transactions to your Checking Account that are made by you or anyone whom you authorize to use your HSA Debit Card or Account. This account does not have any overdraft features. Should you overdraw your account, you will be subject to fees noted in the fee schedule.
Merchant DisputesThe Credit Union is not responsible for the refusal of any merchant or financial institution to honor your Card. The Credit Union is subject to claims and defenses (other than tort claims) arising out of goods or services you purchase with the Card if you have made a good faith attempt but have been unable to obtain satisfaction from the merchant or service provider, and (a) your purchase was made in response to an advertisement the Credit Union sent or participated in sending to you; or (b) your purchase cost more than $50 and was made in your state or within 100 miles of your home.
Returns and AdjustmentsMerchants and others who honor your Card may give credit for returns or adjustments, and they will do so by sending the Credit Union a credit slip which will be posted to your Account. If you have a problem with the quality of goods or services that you have purchased with your SFCU HSA Debit Card at a VISA merchant, you may have the right to reimbursement from that merchant. Certain limitations may apply. You agree to cooperate with our investigation and to provide us with receipts and signature exemplars upon request. For more information regarding this feature please contact us at (419) 893-2170 or (800) 786-0945.
HSA Debit Card Fee Schedule
All transfers & VISA “credit” purchases are FREE. The first eight PIN account transactions per month are FREE. After that:
|PIN or “Debit” (Withdrawals or Purchases)||$1.00 each|
|NSF (debit or credit)||$30.00|
|Visit www.sunfederalcu.org/branches for links to no-surcharge ATMs!|
Stop PaymentYou may not place a stop payment on any purchase transaction conducted with your HSA Debit Card.
Foreign TransactionsPurchases and cash advances made in foreign countries and foreign currencies will be debited from your checking account in U.S. dollars. Currently the currency conversion rate used to determine the transaction amount in U.S. dollars is either a government- mandated rate or the wholesale market rate for the applicable central processing date, plus the 1% International Transaction Fee. This 1% Fee will be assessed on all transactions where the merchant country differs from the country of the card issuer. The converted transaction amount will be shown separately from the Fee on your monthly statement. The currency conversion rate used on the processing date may differ from the rate that would have been used on the purchase date or the checking account posting date.
Multi-Currency ConversionIf you perform an ATM transaction at a non-U.S. ATM location that dispenses in a currency other than U.S. dollars, CIRRUS System, Inc. will convert the local currency transaction amount into a U.S. dollar amount. CIRRUS System, Inc. will use its currency conversion procedure, which is disclosed to institutions that issue CIRRUS cards. Currently the currency conversion rate used to determine the transaction amount in U.S. dollars is, in most cases, either a government-mandated rate or the wholesale rate in effect the day before the U.S. date of the transaction, plus a 1% International Transaction Fee. This 1% Fee will be assessed on all transactions where the merchant country differs from the country of the card issuer. The converted transaction amount will be shown separately from the Fee on your monthly statement. No Waiver Sun Federal can delay enforcing any of its rights any number of times without losing them.
Charges for Transactions Please refer to the HSA Debit Card Fee Schedule. Sun Federal Credit Union reserves the right to change our fee schedule at times and to charge your account in accordance with the fee schedule provided to you at least twenty-one (21) days prior to assessment or change in assessment.
Other ChargesPlease refer to the Rate & Fee Schedule on our Truth in Savings Disclosure.
Statements and Transactions(Notices/Record of) You will receive a printed receipt at the time of each transaction. You will also receive a monthly statement showing the status of your account(s), transactions made during the past month, and any charges imposed for such services or transactions. You may also check SunTouch 24 Account Access for your most recent HSA Debit Card activity identified as “electronic purchases.” Statements and notices will be mailed to you at the most recent address you have given the Credit Union. Notice sent to any one of you will be considered notice to all.
Billing Errors In case of errors or questions about electronic funds transfers from your savings and checking accounts, or if you need more information about a transfer on the statement or receipt, telephone us at the following number or send us a written notice to the following address as soon as you can. We must hear from you no later than sixty (60) days after we sent the FIRST statement on which the problem appears. Call us at: (800) 786-0945option 2, fax: (419) 893-4809 or write to: Sun Federal Credit Union, Attn: Operations 1627 Holland Road, Maumee, OH 43537
If you tell us orally, we may require that you send us your complaint or question in writing within ten (10) business days.
We will determine if an error has occurred within ten (10)* business days after we hear from you and will correct any error promptly. If we need more time, however, we may take up to forty-five (45)** days to investigate your complaint or question. If we decide to do this, we will credit your account within ten (10)* business days 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 ten (10) business days, we may not credit your account.
We will tell you the results within three (3) business days of 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 you give notice of an error within thirty (30) days after you make the first deposit to your account, we will have twenty (20) business days instead of ten (10) business days.
** If you give notice of an error within thirty (30) days after you make the first deposit to your account, notice of an error involving a point of sale transaction, or notice of an error involving a transaction initiated outside the U.S. its possessions and territories, we will have ninety (90) days instead of forty-five (45) days to
NOTE: If the error you assert is an unauthorized VISA transaction, other than a cash disbursement at an ATM, we will credit your account within five (5) business days unless we determine that the circumstances or your account history warrant a delay, in which case you will receive credit within ten (10) business days.
Changing or Terminating Your AccountSun Federal may change the terms of this Agreement from time to time. Notice of any change will be given in accordance with applicable law. Use of your Card after receiving notice of a change will indicate your agreement to the change. Either you or the Credit Union may terminate this Agreement at any time. You are responsible for all transactions made to your Account after termination, unless the transactions were unauthorized. The HSA Debit Card or Cards you receive remain the property of the Credit Union and you must recover and surrender to the Credit Union all Cards upon request or upon termination of the Agreement whether by you or the Credit Union. The Credit Union has the right to require you to pay any negative share draft account balances at any time after your Account is terminated, whether it is terminated by you or the Credit Union.
Credit InformationYou authorize the Credit Union to investigate your credit standing when opening or reviewing your HSA Debit Card
Application. You authorize the Credit Union to disclose information regarding your Account to Credit Bureaus and Chex Systems (or other check verification system) who inquire about your credit standing. We will disclose information about your account or the transactions you make to third parties in the following situations: Where it is necessary to complete transactions; To verify the existence and standing of your account with us upon the request of a third party, such as a credit bureau; To comply with government agency or court orders; In accordance with your written permission; In order to comply with government or administrative agency summonses, subpoenas or orders, or court orders; On receipt of certification from a federal agency or department that a request for information is in compliance with the right to Financial Privacy Act of 1978.
Liability for Unauthorized Transfers CONTACT US IMMEDIATELY if you believe your HSA Debit Card or Personal Identification Number has been lost or stolen. Telephoning us is the best way of keeping losses to a minimum. You can notify the Credit Union by calling (419) 893-2170 or (800) 786-0945. Emergency calls outside of normal business hours may be made to (800) 472-3272.
If you tell us within 2 business days, you can lose no more than $50 if someone used your Card or PIN without your permission. If you DO NOT tell us within 2 business days after you learn of the loss or theft of your Card or PIN, and we can prove we could have stopped someone from using your Card without your permission if you had told us, you could lose as much as $500.
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.
Our Liability for Failure to Complete an Electronic Fund Transfer TransactionsIf we fail to complete a transaction on time or in the correct amount, when properly instructed by you, we will be liable for damages caused by our failure unless: There are insufficient funds in your
account to complete the transaction through no fault of ours; The funds in your account are uncollected; The funds in your account are subject to legal process; The transaction you request would exceed the funds in your account plus any available overdraft credit; The automatic teller machine has insufficient cash to complete the transaction; Your card has been reported lost or stolen and you are using the reported card; We have a reason to believe that the transaction requested is unauthorized; The failure is due to any equipment breakdown which you knew about when you started the transaction at the automatic teller machine; The failure was caused by an act of God, fire or other catastrophe or by an electrical or computer failure or by another cause beyond control; You attempt to complete a transaction at a automatic teller machine which is not permissible transaction listed above, or the transaction would exceed security limitations on the use of your HSA Debit Card.
SignaturesBy signing in the Signature area of the application form, you agree to the terms of this Agreement. You should retain this Agreement for your records.
How to Contact Sun Federal Credit UnionIf you believe your HSA Debit Card or your Personal Identification Number has been lost or stolen or an unauthorized transfer from any of your accounts has occurred or may occur, contact Sun Federal Credit Union immediately by calling or writing: Sun Federal Credit Union, 1627 Holland Road, Maumee, OH 43537, (419) 893-2170, (800) 786-0945. Emergency calls outside of normal business hours may be made to (800) 472-3272.
For a replacement fee, a new card will be mailed to you and a hold will be placed on your old card. After such time if you find your old card, you must notify us and return your old card to us. If you attempt to use your old card it will be captured and retained by the automatic teller machine or merchant.