November 23, 2017

Regulation E Disclosure and Online Banking & Bill Pay Agreement

Wake Forest Federal Savings & Loan Association (“Wake Forest Federal”), hereby authorizes the use of Wake Forest Federal’s Online Banking and Bill Pay Service (“Online Banking with Bill Pay”) in your name and if your account has been opened by more than one person, to each of you. Throughout this Agreement the words “user”, “you”, “your” and “yours” refer to the person authorized to use Online Banking with Bill Pay as well as any joint account holder; the words “we”, “us” and “our” refer to Wake Forest Federal. Please read this Agreement carefully, as it outlines important information regarding the rights and responsibilities of both you and Wake Forest Federal.

ACCEPTANCE:

The terms of this Agreement govern the use of Online Banking with Bill Pay and apply whenever you use Online Banking and Bill Payment services to access account(s) you maintain with us. Please read it carefully. You will be bound by this Agreement and its terms, conditions and limitations. Your use of Online Banking with Bill Pay services constitutes acceptance of this Agreement’

DEFINITIONS:

The following definitions apply in this Agreement:

  • “Bill Payment” is the online service that enables the scheduling of bill payments using a personal computer
  • “ISP” refers to your Internet Service Provider
  • “Online Banking” is the internet-based service providing access to your bank account(s)
  • “Online Account” means the bank account from which you will be conducting transactions using a service
  • “Password” is the customer-generated code selected by you for use during the initial sign-on, or the codes you select after the initial sign-on, that establishes your connection to Online Banking
  • “PC” means your personal computer which enables you, with the Internet browser and ISP, to access your Online Account
  • “Time of day” references are to Eastern Standard Time
  • “User ID” is the bank-generated identification code assigned to you for your connection to Online Banking

WAKE FOREST FEDERAL ONLINE BANKING WITH BILL PAY:

The following Online Banking with Bill Pay services are available to you and may be performed by you when you use Online Banking with Bill Pay with your User ID, Password and other authentication requirements:

  • Obtain real time balances, history and other information for Checking, Statement Savings, Money Market (“MMA”), CD’s and other accounts
  • Obtain balances, history and other information on your loans with us
  • Make loan payments from your online Bill Pay checking account that is linked for access through Online Banking with Bill Pay
  • Transfer funds between accounts that have been linked for access through Online Banking with Bill Pay
  • Send an E-Mail to our Customer Service Department (customerservice@wakeforestfederal.com)
  • Pay bills or send money to selected payees from your online Bill Pay checking account
  • Access your monthly or quarterly bank statements

Note: Transfers made from Savings or MMA accounts are subject to account limitations as described in your Truth in Savings Disclosure. You cannot initiate transactions to your CD accounts online.

ACCESS ONLINE BANKING WITH BILL PAY:

We will provide instructions on how to use the Online Banking with Bill Pay. You will gain access to your online accounts through the use of your Internet-enabled device, your ISP, your Password, your User ID, and other forms of authentication. You may access your online accounts 24 hours a day, (7) days a week. However, availability of the services may be suspended for brief periods of time for purposes of maintenance, updating and revising the software. In addition, online bill payments can not be scheduled to pay on weekends or holidays when the Federal Reserve is not open.

ELECTRONIC COMMUNICATION WITH WAKE FOREST FEDERAL:

Users of Online Banking with Bill Pay may communicate with us via email (customerservice@wakeforestfederal.com).

If you send the Association an e-mail message, we will be deemed to have received it on the following business day. You should not rely on e-mail if you need to report an unauthorized transaction from one of your accounts or if you need to stop a payment that has been released online.

  • NOTE: E-mail transmissions outside of the Online Banking site are not secure. We advise you not to send us or ask for sensitive information such as account numbers, passwords, account information, etc. via any general or public e-mail system. If you wish to contact us electronically, please use our email link provided in our Online Banking site. Use this secure form to e-mail the Association regarding inquiries about an electronic funds transfer error resolutions, reporting unauthorized transactions, or contacting the Association regarding other concerns of a confidential nature. However, contacting us by phone at 919-556-5146 during our regular business hours of 9:00 am to 5:00 pm Monday through Friday is still the fastest way to reach us. If you suspect fraudulent activity has occurred to any of your accounts available online, please immediately call 1-800-278-6133 to report the suspicious activity.

When communicating with us electronically, you agree that you will not use the service for any purpose that is unlawful, obscene, abusive, defamatory or threatening. You further agree that transmissions of confidential business and sensitive personal information is at your sole risk and that we reserve the right to monitor and review transmissions online and in storage, and to remove or reject any material which we, at our sole discretion, believe may be unlawful or objectionable, without prior notice to the user.

BUSINESS DAY DISCLOSURE:

For the purpose of these disclosures, our business days are Monday through Friday. Holidays are not included. All Online Banking transaction requests received after 5:00 p.m. on business days and all transactions which are requested on Saturdays, Sundays, or holidays on which the Association remains closed, will be processed on the Association’s next business day. The Association’s business day begins at 9:00 a.m.

TERMS AND CONDITIONS FOR ACCOUNT TRANSFERS AND BILL PAYMENTS:

Online Banking with Bill Pay may be used to transfer funds between the following account types if linked to Online Banking with Bill Pay:

  • Checking accounts
  • Statement Savings accounts
  • MMA accounts

You may access up to thirty (30) personal accounts with us online. One of these accounts must be a primary checking account. Additional accounts may include other checking, savings, certificates of deposit or loan accounts. You will continue to receive by mail your regular account statements either monthly or quarterly, depending on the type of account. Contact us about opting to receive an E statement for certain accounts in lieu of the paper account statements should you so desire.

Online Banking with Bill Pay may be used to make loan payments to loan accounts linked to Online Banking with Bill Pay. You may access all account types if linked to Online Banking with Bill Pay to view account balances, history and other information.

Withdrawal transactions made online require that the available balance in the account be sufficient to cover the amount requested. The balance in the account must also be sufficient to cover the amount of any earlier uncollected checks which you may have written to third parties or against which you may have received cash back. Other account relationships with Wake Forest Federal have no bearing on the available balance requirement of these transactions.

Accounts selected for Online Banking with Bill Pay may experience overdraft situations as a result of pre-authorized Automated Clearing House (“ACH”) items, checks negotiated by either the account owner(s) or third party payees or by the application of ATM and/or Point of Sale (“POS”) activity. In the event that the application of ATM and/or POS transactions would create an overdraft situation, Wake Forest Federal reserves the right to collect any amount necessary to cover the ATM and/or POS transaction from any other account(s) which you maintain and charge you a fee, in accordance with Wake Forest Federal’s “Schedule of Fees”. Any such collections will be performed prior to executing all other customer generated transactions to the account in question and shall be applied at the sole discretion of Wake Forest Federal. In addition, this right does not limit or waive any other rights, stated or implied, which Wake Federal may have or exercise in its attempts to recover any amounts due.

BILL PAYMENT TRANSACTIONS:

The Bill Pay service permits you to use your Internet-enabled device to direct payments from your designated online Bill Pay account to third parties you wish to pay. You can pay bills from your Bill Pay account to businesses or individuals. Your Bill Pay account must be a primary checking account. Users of the Bill Pay service agree to the following terms and conditions. The user’s utilization of bill payment services constitutes agreement to these terms and conditions:

  • All payments you make will be deducted from the checking account that you designate as your Bill Pay account for the Bill Payment service. Any payments you wish to make through this Service must be payable in U.S. dollars to a payee located in the continental United States. We reserve the right to restrict types of payees to whom payments may be made using the service from time to time. You should not use the Bill Pay service to make payments to settle securities purchases, payments to interest bearing accounts, tax payments, or court ordered payments. Payments for these payees will be your sole responsibility if delayed or improperly processed or credited.
  • Scheduling Payments. Funds must be available in your Bill Pay account on the scheduled payment date. You cannot schedule a payment to be initiated on Saturday, Sunday or a holiday when the Federal Reserve is closed. After funds are withdrawn from your Bill Pay account to make a payment, we may make the payment either by transferring funds electronically to the payee or by mailing the payee a check.

You may choose to schedule payments to recur in the same amount at regular weekly, monthly, or semi-monthly intervals. Payments may be scheduled for 365 days in the future. When you create a new payee in the Bill Pay service, it takes between two (2) and ten (10) business days to set up the payee to receive payments. You should schedule a payment to a new payee at least ten (10) business days before any payment due date, to allow us time to set up the payee and verify information about your account with the payee.

  • For all subsequent payments, you agree to allow at least three (3) to five (5) business days between the date you schedule a payment to be initiated and the payment due date (that is, the due date you need the payment to be made, often shown on your invoice or provided in your agreement with the payee, not taking into account any applicable grace period). If the payment is an Automatic Clearing House (ACH) electronic payment, it will take up to three (3) business days to reach the payee. However, if the company or person that you are paying cannot accept an electronic payment, the Bill Pay service will send a check that may take up to five (5) business days. After (90) days, these checks are not negotiable and considered stale. If you do not follow these time frames, you will be fully responsible for all late fees, finance charges or other actions taken by the payee. If you schedule your payment and follow all instructions provided, but the payment is not received by the payee in a timely manner, the Association will work with the payee on your behalf to reverse any late fees or charges. However, Wake Forest Federal shall not be responsible for any late charges, finance charges, or other associated fees as a direct result of any late payments.
  • No Duty to Monitor Payments. The Association is only responsible for exercising ordinary care in processing and sending payments upon your authorization in accordance with this Agreement. The Association will not be liable in any way for damages you incur for any of the following reasons:
  • insufficient funds in your Bill Pay account to make the payment on the processing date
  • delays in mail delivery
  • if you fail to provide correct information regarding the name, account number, or address of the payee or changes to the payee’s address or account number have not been forwarded to us in time to make the change
  • the failure of any payee to correctly account for or credit the payment in a timely manner, or
  • If you incur communication, system or technical problems while establishing the transfer or bill payment
  • If, circumstances beyond our control (such as fire, flood or equipment malfunction) prevent the transfer or bill payment despite reasonable precautions that we have taken
  • If, your account is subject to legal process or a lien or other encumbrance restricting the transfer or bill payment
  • If you scheduled a payment or transfer by 4:00 p.m. (Eastern time), the Association will consider it to have been received on that day. Otherwise, it will be considered received on the following business day. For all entries made using the services, the time recorded by the Online Banking service will be considered the official time of the transaction.
  • If your Bill Pay account does not have sufficient funds to make a payment as of the date the payment is debited to your account, the Bill Pay service will automatically block future bill payments until the account has sufficient funds to make the payment. lf a bill payment request is received while the funding account is blocked, you will receive a notice that the bill payment will not be processed. The Association will attempt to notify you by e-mail or U.S. Postal Mail, but the Association shall have no obligation or liability if it does not complete a payment because there are insufficient funds in your account to process a payment. In all cases, you are responsible for either contacting us at 919-556-5146 to either make alternate arrangements for the payment or reschedule the payment through the Bill Pay service. In the case of fixed repetitive payments, only the payment currently scheduled will be impacted. Fixed payments scheduled for future dates will not be affected. Wake Forest Federal reserves the right to modify these terms and conditions at any time, effective upon publication.
  • Cancel or Change Payment Instructions. Users will be able to review, change and cancel scheduled future or recurring payments. However, payments must be changed or canceled using the service prior to 10:30 p.m. on the business day the transaction is scheduled to be initiated (the “send on date”). Stop Payments for payments already released are not available online. Please call us at 919-556-5146 during normal business hours if a stop payment of a check payment is necessary. We will apply the stop payment the same day we receive the request if such request is received before 2:00 pm on a business day we are open, but we are not responsible for checks that clear your account prior to receiving your request. ln addition, you may send written notification to Wake Forest Federal, Attn Customer Service, PO Box 1167, Wake Forest, NC, 27588. lf you call, we may also require you to put the request in writing. We will charge a fee to you for each stop payment in accordance with Wake Forest Federal’s “Schedule of Fees” in effect at the time of the transaction.

Electronic payments, already transmitted, cannot automatically be stopped. If you ask us to cancel a payment after it is issued and we agree and can do so, we will charge you a stop payment fee. Stop payment orders whether oral, written, or electronic, will be in effect for a period of six (6) months. If requested by the Association, you will confirm any stop payment order in writing. After six (6) months, any stop payment will terminate and must be renewed in order to continue in effect. The Association may pay any item that is presented following the lapse of any stop payment order.

  • No Signature Required. When any payment or other online service generates items to be charged to your account, you agree that we may debit your Bill Pay account without requiring your signature on the item, and without prior notice to you.
  • Multiple Person Bill Payment Accounts. If more than one person has access to a Bill Pay account, each person may individually enroll in the Bill Pay service. Each enrolled person needs a unique password but may choose to use the same payee list. Each individual may terminate her/his enrollment in the Bill Pay service without affecting the service for any other person enrolled in that Bill Pay account. However, any enrolled person may terminate the Bill Pay service which will terminate the service for all enrolled persons on that Bill Pay account.

DISHONORED PAYMENTS:

You agree that all defenses, rights and claims you have or may have against any payee will not be asserted against Wake Forest Federal. We shall have no responsibility for refusal of any person, including Wake Forest Federal, to honor the payment in connection with any transactions you attempt to originate from Online Banking with Bill Pay.

LINKED ACCOUNTS:

All accounts with the Association that you enroll in the Online Banking service will be linked by the tax identification numbers of the persons authorized to access the account. The linked accounts will appear together without regard to the ownership of the accounts. For example, if an authorized user of a linked account accesses the Online Banking service, that authorized user will be able to view and access at a single time the following accounts:

  • the accounts of the business for which that person is an authorized user
  • the accounts of any other business for which that person is an authorized user
  • any consumer accounts for which the person is a co-owner or authorized signer

BUSINESS ACCOUNTS:

If you are a business, any authorized user of your business is authorized on such terms, conditions, and agreements as we may require to:

  • enter into this Agreement, as amended from time to time;
  • access each account of yours in any manner and for any purpose available through the Online Banking service, whether now available or available at some time in the future; and
  • use any Online Banking service in any manner and for any purpose available through the service, whether now available or available at some time in the future.

BILL PAYMENT TRANSACTION LIMITS:

Minimum amount of each bill payment item: $1.00
Maximum amount of each bill payment item: $9,999.99
Maximum amount of bill payments that will be paid daily from your account: $19,999.99

WHO MAY USE ONLINE BANKING WITH BILL PAY:

Online Banking with Bill Pay can be used for online transactions only by the account owner possessing a valid User ID and Password to access the system. lf your account is jointly owned, a separate User ID and Password can be established for the co-owner.

SERVICE CHARGES:

The Association currently offers the benefits and convenience of the Online Banking service to you free. However, we reserve the right to charge you fees for Online Banking with Bill Pay in accordance with Wake Forest Federal’s “Schedule of Fees” in effect at the time of the transaction. In the future, if we decide to charge for Online Banking, options will be available to have the service fee waived if certain average balances or correspondent banking relationships with the Association are maintained. The fee will be deducted automatically from your Bill Payment account.

UNAUTHORIZED TRANSFER OR PAYMENT TRANSACTIONS:

You are responsible for keeping your User ID, password, and Online Banking account information confidential. In order to protect yourself against fraud, you should adhere to the following guidelines:

  • Do not give out your account information, Password, or User ID
  • Do not leave your PC unattended while you are in the Association’s Online Banking site
  • Never leave your account information within range of others; and
  • Do not send privileged account information (account number, Password, etc.) in any public or general e-mail system.

If you believe your password has been lost or stolen, or if you suspect any fraudulent activity on your accounts, call the Association immediately at 919-556-5146 between the hours of 9:00 a.m. to 5:00 p.m., Monday through Friday, or 1-800-278-6133 during other hours. Telephoning us is the best way of minimizing your losses and liability. In addition, you may send written notification to Wake Forest Federal’s Customer Service Department, PO Box 1167, Wake Forest, NC, 27588.

If you believe your Password has been lost, stolen, or compromised, please use the Password change feature within the Online Banking section of the Website to change your Password.

If your password is lost or stolen, or if you believe that an unauthorized transfer or payment transaction has occurred with respect to your account we may require you to close any account for which you had online access. ln the case of a lost or stolen password, you will be required to sign an affidavit prior to the closing of the account. We retain the right to impose a service charge to cover the administrative costs incurred in this process in accordance with Wake Forest Federal’s “Schedule of Fees” in effect at the time of the replacement of a password and/or the account closing.

YOUR POTENTIAL LIABILITY:

Tell us AT ONCE if you believe that your password has been lost or stolen. Telephoning us at 919-556-5146 is the best way of keeping your possible losses down. You could lose all the money in your account.

The following determines your liability for any unauthorized electronic fund transfers (“EFTs”) or any series of related unauthorized EFTs:

  1. If you notify the Association within two (2) business days after your password was lost or stolen, your liability will not exceed $50.00 or the amount of the unauthorized EFTs that occur before notification, whichever is less.
  2. If you fail to notify the Association within two (2) business days after your password was lost or stolen, your liability will not exceed the lesser of $500.00 or the total of:
  • $50.00 or the amount of unauthorized EFTs that occur within the two (2) business days; and
  • the total of authorized EFTs which occur during the two (2) days before notification to the Association, provided the Association establishes that these EFTs would not have occurred had the Association been notified within that two-day period.
  1. You must report an unauthorized EFT which appears on your periodic bank statement, no later than 60 days after the transmittal of the statement to avoid liability for subsequent transfers. Your liability will not exceed the amount of the unauthorized EFTs that occurred with the 60-day period. You may also be liable for the amounts as described in sections 1 and 2 above.
  2. If you report the unauthorized transactions orally, we will also require that you send the complaint or question in writing within 20 business days. We will notify you with the results of our investigation within 10 business days and will correct any error promptly. If more time is needed, however, we may take up to 45 days to investigate a complaint or question. If this occurs, we will credit your account within 10 business days for the amount you think is in error. This will allow you to use the money during the time it takes us to complete our investigation. If your complaint or question is not received in writing within 10 business days, we may not credit your account until the investigation is completed. If an alleged error involves an electronic fund transfer outside a state or territory or possession of the United States, the applicable time periods for action by us are 20 business days (instead of 10) and 90 calendar days (instead of 45). If we determine that no error occurred, we will send you a written explanation within three business days after our investigation is complete. You may request copies of the documents that were used in the investigation.
  3. You may notify the Association by telephone, writing, or by e-mail (customerservice@wakeforestfederal.com) using the address provided in our Online Banking site. Notification by general e-mail to report an unauthorized transaction is not secure and therefore not advised. You may send written notification to Wake Forest Federal’s Customer Service Department, PO Box 1167, Wake Forest, NC, 27588.

RIGHT TO AMEND OR TERMINATE:

Term. This Agreement will become effective on the Effective Date and shall remain in full force and effect until termination in accordance with the following provisions:

  • Termination for Cause We may immediately terminate your electronic banking privileges (including the Bill Pay service) without notice to you under the following circumstances:
    1. You do not pay any fee required by this Agreement when due
    2. You do not comply with the agreement governing your deposit or loan accounts or your accounts are not maintained in good standing.
  • Termination for Convenience To terminate this Agreement, you must notify the Association and provide your name, address, the service(s) you are discontinuing, and the termination date of the service(s). When Bill Pay is terminated, any prescheduled bill payments made through Online Banking will also be terminated. You must cancel your Online Banking with Bill Pay prior to closing all the account(s) for which you had online access. Your final charge, if any, for the Bill Pay service will be assessed at the end of your statement cycle. You may notify the Association by one of the following methods:
    1. By writing a letter and either sending it to the following address: Wake Forest Federal, PO Box 1167, Wake Forest, NC, 27588, Attention: Customer Service Department, or by giving it to a Customer Service Representative at our branch location

We will promptly notify you if we terminate this Agreement or your use of the services for any other reason.

If you are not paying a monthly service charge for the online service, we may convert your account to inactive status if you do not access your online account or have a transaction scheduled through the online service during any consecutive 90 day period. If your account is considered inactive, you must contact us to have it re-activated before you will be able to schedule any transaction through the online service.

ELECTRONIC FUND TRANSFER PROVISIONS FOR CONSUMERS

These provisions are only applicable to online electronic fund transfers which credit or debit a consumer’s checking, savings or other asset accounts and are subject to the Federal Reserve Board’s Regulation E (an “EFT”). When applicable, the Association may rely on any exceptions to these provisions which are contained in Regulation E. All terms that are not defined in this Agreement but which are defined in Regulation E shall have the same meaning when used in this section.

ACCOUNT INFORMATION DISCLOSURE:

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

  • Where it is necessary for completing transfers,
  • ln order to verify the existence and conditions of your account for a third party, such as a credit bureau or merchant,
  • ln order to comply with government agency or court orders, or other legal processes,
  • lf you give us your written permission.

DOCUMENTATION OF ELECTRONIC TRANSFERS OR DEBITS:

For Checking, Statement Savings and MMA accounts you will receive a statement for each month an electronic transfer or debit to your account occurred. At a minimum you will receive a statement each quarter for an account.

LIABILITY FOR FAILURE TO MAKE TRANSFERS OR BILL PAYMENTS:

lf we do not complete a transfer or bill payment 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. In no event shall we be liable to you for failure to provide access to your Online Banking or Bill Pay services accounts. Unless otherwise required by applicable law, we are only responsible for performing the Online Banking and Bill Pay services as delineated in this Agreement. We will be liable for the amount of any material losses or damages incurred by you and resulting directly from our gross negligence. We will not be liable to you in the following instances:

  1. If through no fault of the Association, you do not have enough money in your account to make the transfer
  2. If circumstances beyond our control (such as fire, flood, power outage, equipment or technical failure or breakdown) prevents the transfer despite reasonable precautions that we have taken.
  3. If there is a hold on your account, or if access to your account is blocked, in accordance with banking policy
  4. If your funds are subject to a legal proceeding or other encumbrance restricting the transfer
  5. If your transfer authorization terminates by operation of law
  6. If you believe someone has accessed your accounts without your permission and you fail to notify the Association immediately
  7. If you have not properly followed the instructions on how to make a transfer included in this Agreement.
  8. If we have received incomplete or inaccurate information from you or a third party involving the account or transfer.
  9. If we have a reasonable basis for believing that unauthorized use of your Password or account has occurred or may be occurring or if you default under this Agreement, the deposit account agreement, a credit agreement or any other agreement with us, or if we or you terminate this Agreement.

ERROR RESOLUTION:

ln case of errors or questions about your Electronic Transfers, telephone us at 1-919-556-5146, email us at customerservice@wakeforestfederal.com , or write us at Wake Forest Federal’s Customer Service Department, PO Box 1167, Wake Forest, NC, 27588. Please contact us as soon as you can if you think your statement is wrong or if you need more information about a transfer or bill payment listed on your statement. We must hear from you no later than (60) days after we sent the FIRST statement on which the problem or error appeared. Please give us the following information:

  • Tell us your name and account number
  • Describe the error or the transfer or bill payment 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. lf you tell us orally, we may require that you send us your complaint or question 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. lf we need more time, however, we may take up to (45) calendar days, (90) calendar days for new accounts, POS and foreign transactions, to investigate your complaint or question. lf we decide to do this, we will credit your account within (10) business days, (20) business days for new accounts, 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. lf we ask you to put your complaint or question in writing and we do not receive it within (10) business days, we may not credit your account.

We will tell you the results within (3) business days after completing our investigation. lf 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.

IN NO EVENT SHALL WE HAVE ANY LIABILITY TO YOU OR ANY THIRD PARTY FOR ANY INDIRECT, SPECIAL OR CONSEQUENTIAL DAMAGES RESULTING FROM OR ARISING OUT OF THIS AGREEMENT.

INDEMNIFICATION:

You agree to indemnify, defend and hold us, our affiliate companies, directors, officers, employees and agents harmless against any third party claim, demand, suit, action or other proceeding and any expenses related to an Online Banking or Bill Pay account.

THIRD PARTIES:

We are not liable for any loss or liability resulting from any failure of your equipment or software, or that of an internet browser provider such as Microsoft (Microsoft Explorer browser), by an internet access provider, or by an online service provider, nor will we be liable for any direct, indirect, special or consequential damages resulting from your access to or failure to access an Online Banking or Bill Pay account.

VIRUS PROTECTION:

The Association is not responsible for any electronic virus or viruses that you may encounter. We suggest that you routinely scan your PC using a virus protection product. An undetected virus may corrupt and destroy your programs, files, and your hardware.

GENERAL TERMS AND CONDITIONS:

  • Agreements. In addition to this Agreement, you and the Association agree to be bound by and comply with the requirements of the agreements applicable to each of your Online Accounts. Your use of the Online Banking service or the Bill Pay service is your acknowledgment that you have received these agreements and intend to be bound by them. You should review other disclosures including the charges that may be imposed for electronic funds transfers or the right to make transfers listed in the fee schedules accompanying those disclosures and the fee schedule contained in this Agreement. We will automatically deduct the fees, if any, related to this service from your Bill Pay Account each month.
  • Changes and Modifications. The Association may modify the terms and conditions applicable to the services from time to time. We may send any notice to you via e-mail and you will have to be deemed to have received it three days after it is sent. The revised terms and conditions shall be effective at the earliest date allowed by applicable law. We reserve the right to terminate this Agreement and your use of the services in whole or in part at any time without prior notice.
  • Assignment. We may assign this Agreement to an affiliate of the Association or any successor in interest in the event of a merger, reorganization, change of control, acquisition or sale of all or substantially all assets of the business to which this Agreement is related without the other party’s prior written consent.
  • Notices. Unless otherwise required by applicable law, any notice or written communication given pursuant to this Agreement, may be sent to you electronically.
  • Governing Law. This Agreement is governed by the laws of the State of North Carolina and applicable federal law.