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 Electronic Fund Transfer Agreement and Disclosure

Electronic Fund Transfer Agreement and Disclosure

Michigan State University Federal Credit Union makes available to members various electronic
fund transfer services, made possible by our advanced electronic data processing system.
Some of these transfers are made by use of ATM, credit, or debit cards that we issue. Other
transfers are made by use of a telephone through the MoneyLine program; a check converted
into an electronic debit; through ComputerLine—our online banking by use of a personal
computer; or through Green on the Go® mobile banking or the MSUFCU Mobile app by use of
an internet-enabled mobile device.

If we also provide a personal identification number (called a “PIN”) to a member, ATM cards
can be used, together with the PIN, in various automated teller machine networks to make
electronic fund transfers to, from, or between one or more of your accounts at MSUFCU. We
issue different plastic cards that can be used in this manner, including Visa Debit Cards and
Visa Credit Cards. In this disclosure, we call the cards simply “ATM cards” because they can
be used in automated teller machines, and we sometimes refer to these different automated
teller machines as simply “ATMs.” Your card and PIN may also be used to make purchases of
goods and services at participating merchant locations.

We will, upon request, issue you a MoneyLine Personal Access Code, which you can use with
a touch-tone telephone to make electronic fund transfers to, from, or between one or more
accounts at MSUFCU by following the rules and procedures of our MoneyLine program.

We will, upon request, issue you a ComputerLine password, which you can use with an
internet connection to make electronic fund transfers to, from, or between one or more
accounts at MSUFCU following the rules and procedures of our ComputerLine program. You
may also use your ComputerLine password to make electronic fund transfers to, from, or
between one or more accounts at MSUFCU following the rules and procedures of Green on
the Go® mobile banking or the MSUFCU Mobile app.

You agree that you will keep your PINs, Personal Access Code, and passwords secret.

This is a disclosure and a contract. That is, the terms and conditions set out here are binding
on you and on us to the making of such electronic fund transfers and the use of the ATM cards,
the PINs, and the passwords, in the following cases:

If you use the account(s) covered by this disclosure after receipt of this agreement
If you already have an ATM card and PIN provided by us and you use them to make such
transactions after receipt of this agreement
If you ask us to provide you with a PIN and you thereafter use it, together with an ATM
card we have issued, to make such transactions
If we issue a Personal Access Code at your request and you use it to make transactions
through our MoneyLine program
If we issue a password at your request and you use it to make transactions through
ComputerLine, Green on the Go® mobile banking, or the MSUFCU Mobile app

In all such cases, your use of the account(s) or your making of such transactions constitutes
your acceptance of the terms and conditions set out in this disclosure.

Although your account(s) may be subject to the terms and conditions of this disclosure, you
may continue to use those account(s) to the same extent and in the same manner that you
have in the past, insofar as “over-the-counter” and other non-electronic transactions are
concerned.

 
 
 
 
 
 
 
 
 
 
 
 
In this disclosure, “you” and “your” includes the plural in cases where two or more persons
have an interest in a single account affected by an electronic fund transfer service. “We” or “us”
refers to Michigan State University Federal Credit Union.

This disclosure is being furnished to all of our members. Members who have not authorized
any electronic access to any of their MSUFCU account(s) when they receive this disclosure
need not concern themselves with it.

THE FOLLOWING SECTIONS RELATE TO ALL ELECTRONIC FUND TRANSFERS
AFFECTING YOUR ACCOUNT(S), WHETHER MADE BY USE OF AN ATM, CONVERSION
OF A CHECK INTO AN ELECTRONIC DEBIT, OUR MONEYLINE PROGRAM,
COMPUTERLINE ONLINE BANKING, GREEN ON THE GO® MOBILE BANKING, THE
MSUFCU MOBILE APP, OR OTHERWISE.

1. Accounts Affected: Each of the following types of MSUFCU accounts can be affected by
some kind of electronic fund transfer service:
Holiday/Vacation Savings Account 
Insured Money Management Account (IMMA) 
Junior Spartan Saver 
Spartan Saver 
Summer Pay 
Classic Checking 
Health Savings Checking Account (HSA) 
Money Market Checking 
Rebuild Checking 
Totally Green Checking 
Individual Retirement Account (IRA) 
Loan Account
These types of accounts are sometimes referred to in this disclosure as “asset account(s)” or
simply as your “account(s).”

As is your right, you have previously designated which of your account(s) you want to be
subject to any particular type of electronic fund transfer service. You may change those
instructions in the future, and we will follow your new directions to the extent our electronic fund
transfer programs permit at that time.

2. Account Agreements: The terms and conditions of the account agreements relating to your
accounts with us remain in effect except to the extent modified by this disclosure.

3. Minimum Balance: You must always maintain a minimum of $5.00 in your Spartan Saver to
be entitled to make electronic fund transfers affecting your account(s). We reserve the right to
increase minimum balance requirements or to impose other restrictions in the future.

4. Electronic Fund Transfer Services: At the present time, you can authorize the following
types of electronic fund transfers to or from your asset account(s) at MSUFCU:

Transfers TO Your Account(s) (Credits):

Direct Deposit of payroll deductions or net pay checks from Michigan State University or
Oakland University or any other employer who has agreed to send such deposits to us
(Contact your employer to see if Direct Deposit of payroll deductions or net pay is
available.)
Direct Deposit of various governmental benefits
Direct Deposit of pension payments
Deposit(s) or payment(s) from any third party through the Federal Reserve or the facilities
of an automated clearing house association of which we are a member
Automatic transfers to your account(s) from the account of another person, unless that
other person is an immediate family member and the transfer was not requested by you
Transfer to your account(s) from your other asset or loan accounts that we make at your
request via an overdraft line of credit, MoneyLine, ComputerLine, Green on the Go®
mobile banking, or the MSUFCU Mobile app

Transfers FROM Your Account(s) (Debits):

Your home mortgage payment, insurance premiums, and utility bills, as well as other
types of payments to third parties, through the Federal Reserve or the facilities of an
automated clearing house association of which we are a member
Automatic transfers from your account(s) to the account of another person who is not a
member of your immediate family
Automatic transfers from your account(s) to make payments to another person’s loan(s)
owing to us
Transfers from your account(s) to your other asset or loan accounts that we make at your
request or through ATMs, MoneyLine, ComputerLine, Green on the Go® mobile banking,
or the MSUFCU Mobile app
Withdrawals from your account(s) made by your telephone request (a check will be
mailed to your address on file)
Payment for purchases from your checking account at places that have agreed to accept
your ATM card

MoneyLine Transactions:
If we provide you with access to your accounts through our MoneyLine audio response service,
a separate Personal Access Code will be assigned to you. You can use your Personal Access
Code along with your account number to access your accounts and perform the following
transactions:

Check withdrawals from your Spartan Saver, Junior Spartan Saver, IMMA, Summer Pay,
Classic Checking, Totally Green Checking, Money Market Checking, Rebuild Checking,
or HSA Checking
Transfers between your Spartan Saver, Junior Spartan Saver, IMMA, Summer Pay,
Classic Checking, Totally Green Checking, Money Market Checking, Rebuild Checking,
or HSA Checking
Transfers from your loan account to your Spartan Saver, Junior Spartan Saver, IMMA,
Summer Pay, Classic Checking, Totally Green Checking, Money Market Checking,
Rebuild Checking, or HSA Checking
Transfers from your checking account to make a loan payment
Transfers from your account to another account with us that you own or own jointly with
another member
Obtain balance information on specified savings, checking, or loan accounts you have
with us*

 
 
 
 
 
 
 
 
 
Determine if a particular item has cleared*
Determine savings and loan rates*

Visa Debit Card and ATM Point-of-Sale Transactions:

Use of your ATM or Visa Debit Card when making a purchase of consumer goods from a
merchant who uses the card in an electronic terminal is an electronic fund transfer. Funds
to cover your purchase will be deducted from your checking account.

Automated Teller Machine (ATM) Transactions: 
If you have an ATM or Visa Debit Card for which we have issued a PIN, you can use any of the
automated teller machine networks to make transactions as follows:

Deposits to your Spartan Saver, Junior Spartan Saver, IMMA, Summer Pay, Classic
Checking, Totally Green Checking, Money Market Checking, or HSA Checking
Cash withdrawals from your Spartan Saver, Junior Spartan Saver, IMMA, Summer Pay,
Classic Checking, Totally Green Checking, Money Market Checking, Rebuild Checking,
or HSA Checking
Cash advances on your Instant Cash Line-of-Credit, Visa Line-of-Credit, or Home Equity
Line-of-Credit
Transfers between any of the following: Spartan Saver, Junior Spartan Saver, IMMA,
Summer Pay, Classic Checking, Totally Green Checking, Money Market Checking, HSA
Checking, Instant Cash Line-of-Credit, Visa Credit Card, or Home Equity Line-of-Credit
Obtain balance information on specified savings, checking, or loan accounts you have
with us*

ComputerLine Transactions: 
If you are provided access to our ComputerLine online banking service, you can use
ComputerLine to perform the following electronic fund transfers 24 hours a day (service may
be interrupted for short periods for data processing):

Check withdrawals from your Spartan Saver, Junior Spartan Saver, IMMA, Summer Pay,
Classic Checking, Totally Green Checking, Money Market Checking, Rebuild Checking,
or HSA Checking
Transfers between your Spartan Saver, Junior Spartan Saver, IMMA, Summer Pay,
Classic Checking, Totally Green Checking, Money Market Checking, Rebuild Checking,
or HSA Checking
Obtain balance and transaction information for your Spartan Saver, Junior Spartan Saver,
IMMA, Summer Pay, Classic Checking, Totally Green Checking, Money Market
Checking, Rebuild Checking, HSA Checking, IRA and Certificate Accounts*
Make loan payments from your Spartan Saver, Junior Spartan Saver, IMMA, Summer
Pay, Classic Checking, Totally Green Checking, Money Market Checking, or Rebuild
Checking
Preauthorize debits for payment of certain bills

Green on the Go® Mobile Banking or MSUFCU Mobile App Transactions: 
If you are provided access to Green on the Go® mobile banking or the MSUFCU Mobile app,
you can use Green on the Go® mobile banking or the MSUFCU Mobile app to perform the
following electronic fund transfers 24 hours a day (service may be interrupted for short periods
for data processing):

Transfers between your Spartan Saver, Junior Spartan Saver, IMMA, Summer Pay,
Classic Checking, Totally Green Checking, Money Market Checking, Rebuild Checking,
or HSA Checking
Obtain balance and transaction information for your Spartan Saver, Junior Spartan Saver,
IMMA, Summer Pay, Classic Checking, Totally Green Checking, Money Market
Checking, Rebuild Checking, HSA Checking, or IRA and Certificate Accounts*
Make loan payments from your Spartan Saver, Junior Spartan Saver, IMMA, Summer
Pay, Classic Checking, Totally Green Checking, Money Market Checking, or Rebuild
Checking

Share Draft/Checking Conversion Transactions:

A transfer through an automated clearing house when you provide a paper check to
certain merchants or other payees that enables the merchant or other payee to capture
the routing, account, and serial numbers to initiate the transfer, whether the share draft is
blank, partially completed, or fully completed and signed; whether the share draft is
presented at Point-of-Sale (POS), or is mailed to a merchant or other payee or lockbox
and later converted to an electronic fund transfer; or whether the share draft is retained
by the consumer, the merchant or other payee, or the payee’s financial institution. Your
authorization to make such types of electronic fund transfers may be expressed in writing
or implied, for example, by the posting of a sign.

You have previously told us which of these electronic fund transfer services you want to use.
You can discontinue use of any such service whenever you want. If you begin using a different
electronic fund transfer service after receipt of this disclosure, we must be notified of the
account(s) to be affected.

We may make additional types of electronic fund transfer services available in the future; we
may also discontinue one or more, or all, of our electronic fund transfer services.

5. Excluded Transactions: The terms and conditions of this disclosure only apply to those
services and transfers which are electronic fund transfers as described in Section 4; they do
not apply to other transactions which, although electronic in nature, do not constitute electronic
fund transfers described in that section.

6. Fees for Electronic Fund Transfers: There are certain fees and charges for electronic fund
transfer services we offer which you agree to pay. For a current listing of all applicable fees and
charges, see our current Fee Schedule, which is incorporated by reference into this disclosure
and the receipt of which you hereby acknowledge.
When you use an ATM not owned by us, the ATM operator may charge you a fee for any
network used, and you may be charged a fee for a balance inquiry even if you do not complete
the fund transfer.

 
 
 
 
 
 
 
7. Limitations on Electronic Fund Transfers: We describe the types of electronic fund
transfers you can make through our various electronic fund transfer services in Section 4. With
respect to certain accounts, there are limitations as to how many automatic transfers you are
allowed to make to third parties (e.g., mortgage payments or insurance premiums). No more
than six (6) such transfers may be made from these accounts during any single statement
period. Please refer to your Truth-in-Savings Disclosure to determine if this account limitation
applies. Aside from that limitation, and as to transactions other than those made at an ATM,
there are, at the present time, no limitations as to how often you can make electronic fund
transfers, nor is there any restriction as to the dollar amount of any one electronic fund transfer.
We reserve the right to impose any such restrictions in the future as we deem reasonable.
Please refer to Section 22 for limitations that apply to ATM and Point-of-Sale transactions.

8. Documentation of Transfers:

You can receive a transaction receipt at the time you make any transfer to, from, or
between your account(s) using an ATM.
If you have arranged to have Direct Deposits (which are electronic fund transfers as
described in Section 4) made to your asset account(s) at least once every 60 days from
the same person or company, the person or company making the deposit will tell you
every time they send us the money. You may visit any branch, call us at 517-333-2424 or
800-678-4968, or access your transaction history via ComputerLine, MoneyLine, Green
on the Go® mobile banking, or the MSUFCU Mobile app to find out whether the deposit
has been made.
You will get a statement every month if you have authorized any electronic fund transfer
service described in Section 4. If no electronic fund transfer occurs in a particular
calendar quarter, you will still receive a quarterly statement for that quarter. However, for
an asset account to which you have authorized no electronic fund transfers other than
preauthorized credits, you will get a statement quarterly. On any account considered
dormant, a statement will be sent to you annually.
Periodic statements we send you on accounts which are subject to electronic fund
transfers described in Section 4 and transaction receipts issued by an ATM are
admissible evidence.
Your right to documentation as set forth above in this section does not apply when the
electronic fund transfer occurs outside of the United States.

9. Stopping Payment of Transfers From Your Account(s): The following rules apply only to
electronic fund transfers as described in Section 4 of this disclosure. 

If you have arranged for regular automatic payments out of your account, you can stop any of
these payments. Here’s how: call us at 800-678-4968 or 517-333-2424, visit any branch
location, contact us online at www.msufcu.org, or write us:
Michigan State University Federal Credit Union 
3777 West Road 
PO Box 1208 
East Lansing, MI 48826-1208 

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, you will be required to put your request in writing and get it
to us within 14 days of your call. 

There is a charge for each stop payment order. We reserve the right to impose a reasonable
charge, or to increase such charges, in the future. Please see our Fee Schedule to determine
the current stop payment fee. 

If these regular payments vary in amount, the person you are going to pay will tell you 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 your 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; if so, you
must make the necessary arrangements with the person you are going to pay. 

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. 

In Section 17 of this disclosure, we will tell you what our business days are.

10. Disclosure of Information to Third Parties: In the ordinary course of business, we will
only disclose information concerning your account(s) or electronic fund transfers described in
Section 4 affecting your account(s):

As provided by law
With your written consent
To furnish credit information under the federal Fair Credit Reporting Act
If necessary to verify or complete an electronic fund transfer
To verify the existence of your account(s)
If the information relates to improper use of your account(s)

11. In Case of Error or Questions about Your Electronic Fund Transfers as Described in
Section 4: Contact us at the telephone number or address set forth in Section 9 as soon as
you can if you think your statement (which will include ATM, MoneyLine, check conversions,
ComputerLine, Green on the Go® mobile banking, and the MSUFCU Mobile app transactions)
or receipt is wrong or if you need more information about a transfer listed on the statement or
receipt. We must hear from you no later than 60 days after we send the FIRST statement on
which the problem or error appeared.

When contacting us:

Tell us your name and account number.
Describe the error or the transfer you are unsure about 
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.

If you tell us orally, we may require that you send us your complaint or question in writing within
10 business days. In Section 17 of this agreement, we list our business days.

We will tell you the results of our investigation within 10 business days (five (5) business days

 
 
 
 
 
 
 
for a Visa Debit Card Point-of-Sale transaction and 20 business days if the transfer involves an
account open less than 30 days) after we hear from you and will correct any error promptly. If
we need more time, however, we may take up to 45 days (if you give notice of an error within
30 days of opening an account; notice of an error involving a Point-of-Sale transaction; or
notice of an error involving a transaction initiated outside of the United States, its possessions,
and territories, we will have 90 days instead of 45) to investigate your complaint or questions. If
we decide to do this, we will credit your account within 10 business days (five (5) business
days for a Visa Debit Card Point-of-Sale transaction and 20 business days if the transfer
involves an account open less than 30 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 questions in writing and we do not receive it within 10
business days, we may not recredit your account. 

If we decide that there was no error, we will send you a written explanation within three (3)
business days of finishing our investigation. 

You may ask us for copies of the documents that we use in our investigation, and we will
furnish them to you. We may, in such cases, require payment of a nominal charge for such
copies.

12. Liability for Failure to Make Electronic Fund Transfer: If we do not complete an
electronic fund transfer, as described in Section 4, to or from your account(s) on time or in the
correct amount according to our agreements with you, we will be liable for your losses or
damages. However, there are some exceptions. We will not be liable, for the following:

If, through no fault of ours, you do not have enough money available in your account to
make the transfer
If there is not enough money in your account, in excess of amounts you have specifically
pledged to us as collateral, to make the transfer
If funds in your account are subject to garnishment/levy or other legal process which
prevents making the transfer
If we have, because of your default, exercised our rights against the funds in your
account
If the transfer would go over the credit limit on your overdraft line
If the ATM where you are making the transaction does not have enough cash or is not
functioning properly, and you were aware it was not functioning properly prior to initiating
a transaction
If, through no fault of ours, your ATM card is damaged
If you use or try to use your ATM card or your PIN after your right to use it has been
canceled
If circumstances beyond our control prevent the transfer, despite reasonable precautions
that we have taken

We will also be excused from such liability if you fail to observe the terms and conditions of this
agreement, our MoneyLine program, ComputerLine online banking, Green on the Go® mobile
banking, the MSUFCU Mobile app, or our account agreements with you, as they relate to
electronic fund transfers.

13. Liability for Accuracy of Data: We will not be responsible to you for any claims,
damages, losses, or expenses arising out of the preparation or delivery of data input for
electronic fund transfers and credit or debit entries prepared by your employer or other person
or company authorized to do so. In all cases, we will be entitled to rely upon the accuracy and
correctness of this data input prepared by your employer or other authorized person or
company, and we will have no obligation to investigate or determine the accuracy or
authorization of this data input or the electronic fund transfers directed by your employer or
other person or company authorized by you to do so.

14 . Consumer Liability for Unauthorized Use: If you furnish another person with your ATM
card and PIN, MoneyLine Personal Access Code, checkbook, a check, or ComputerLine
password (collectively, “access device”), you will be responsible for all electronic fund transfers
initiated by the person. Your responsibility pertains to transfers from which you may receive no
benefit, and applies even though that person may not have actual authority to initiate a transfer
or transfers of an amount in excess of that which is authorized. Your responsibility for such
transfers remains until you have notified us in writing that the person is no longer authorized to
initiate transfers. Until you have notified us in writing, you will be liable for all transfers initiated
by that person. 

Tell us AT ONCE if you believe your access device has been lost or stolen. Contacting us
immediately by phone, email, or at any branch location may help to minimize your potential
loss. 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 without your permission. 

If you do not tell us within two (2) business days of learning of the loss or theft of your access
device, and we can prove we could have stopped someone from using your access device
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 60 days of the statement being mailed, 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. 

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 your access device has been lost or stolen or that someone has transferred
money from your account without your permission, or may be about to do so, contact us at the
telephone number, website, or address as provided in Section 9 IMMEDIATELY.

15. Special Unauthorized Use Liability Rule for Visa Debit Card: 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 which are not processed by Visa, or
to commercial cards.

16. Reversing Electronic Fund Transfers: If an electronic fund transfer described in Section
4 was a payment of $50.00 or more for goods or services, you have the right to require us to
reverse such transfer and to recredit your account with the full amount of the transfer if: (1) you
tell us within four (4) calendar days of the date of the transfer to make such reversal, (2) you

 
 
 
 
 
notify us that you have made a good faith attempt to resolve your dispute with the third party
involved, and (3) you assure us that any returnable goods involved in the dispute will be
returned. 

If you do these things in writing, you MUST send us a letter or call us at the address or phone
number set forth in Section 9. 

If you tell us orally that you want such a transfer reversed, you must send us a letter to confirm
your reversal request, your notice of attempted resolution of the dispute, and your assurance to
return any returnable goods involved. We must receive this letter within 14 calendar days of the
date of your oral request for reversal. We reserve the right to impose a reasonable charge for
handling such reversal requests.

17. Business Days: Business days for our offices are as follows: Monday through Friday,
excluding posted holidays. We reserve the right to change our business days and hours at any
of our branch facilities.

18. Regulatory Agency: If you believe that we may have violated the Michigan law regulating
electronic fund transfers (Michigan Public Act No. 322 of 1978) you may contact:
Michigan Department of Consumer and Industry Services 
Office of Financial and Insurance Services 
PO Box 30224 
Lansing, MI 48909

19. Location of ATMs: The number and locations of the ATMs we own or operate is subject to
change at any time. Locate CO-OP ATMs by visiting our website at www.msufcu.org, via Green
on the Go® mobile banking, or the MSUFCU Mobile app.

20. Card Ownership: All ATM cards, PINs, and passwords we provide are the property of
MSUFCU. MSUFCU may, without liability or notice, revoke, cancel, or limit any or all use of the
card privileges afforded in this agreement for good cause, and you will surrender the card to
MSUFCU immediately upon demand. If this agreement is terminated, you agree to surrender
the card to us. The primary member is responsible for all ATM cards issued to the member or
any joint owners. If joint owners are removed from the account, it is the responsibility of the
primary member to recover and surrender all ATM cards. Any transaction performed by a joint
owner after the joint owner has been removed from the account shall be considered an
authorized transaction for which the primary member is responsible, until the primary member
has notified MSUFCU in writing that the joint owner is not authorized to perform transactions or
the ATM card(s) has been surrendered to MSUFCU.

21. Secrecy of PIN: If we have issued a PIN or password to you, or if you have selected your
own MoneyLine Personal Access Code or ComputerLine password, you agree to keep your
PIN and password secret and you also agree that you will not write the PIN on your ATM card
nor any item you keep with your card.

22. Limitations of Electronic Fund Transfer: There is no limitation on the number or dollar
amount of deposits, payment transactions, or transfers between accounts you may make at an
automated teller machine during its 24-hour operating cycle. To protect against possible losses,
however, there are limitations on how much cash you can obtain from the machines during a
single cycle or purchases made via Point-of-Sale transactions. 

Regardless of the number of cards we may issue to you, the following daily cash and purchase
limits apply to use of an ATM card or Visa Debit Card:

The amount of cash that may be obtained by using your ATM card at an ATM is limited to
$500.00 per day ($200.00 limit when the machine is offline).
The amount of cash and purchases that may be obtained by using your ATM card at a
POS terminal is limited to $1,000.00 when your account has been open for less than six
months, and $2,500.00 when your account has been open for more than six months
($200.00 limit when the machine is offline).

All limitations in this section are subject to the verified balance in the account(s).
In cases where an ATM card has been authorized for obtaining cash advances from ATMs or
on a loan account, the maximums mentioned above include such cash advances.
There is a minimum $50.00 on Visa cash advance transactions performed at ATMs.
We reserve the right to change these limitations on use of the machines at any time.

23. Responsibility for Overdraft: If you obtain cash from an ATM, which creates an overdraft
in your savings account, the overdraft amount is due and payable the moment you get it and
you agree to pay the full amount of it to us. You also authorize us, in such a case, to apply from
any other shares you may have at MSUFCU such amount as may be necessary to pay such
overdraft amount. If the overdraft is created in your checking account, (1) a transfer will be
made from your other share account(s) to cover the overdraft, in accordance with your
checking account agreement with us, (2) an advance on your line-of-credit loan account with
us will be made to cover the overdraft and you will repay that advance in accordance with the
terms and conditions of your line-of-credit plan, or (3) if you do not have a line-of-credit with us
but qualify for our overdraft Courtesy Pay program, we may cover the overdraft and assess a
fee as disclosed in our Fee Schedule. If there are not sufficient funds to make a transfer
according to (1) or (2) of this sentence, or if you do not qualify for overdraft Courtesy Pay, then
such overdraft will be paid to us as provided in the first sentence of this section.

24. Crediting of Deposits and Payments: Deposits or payments made in an ATM, whether in
cash, check, or money order, are subject to verification and the posting of such deposits and
payments to savings, checking, or loan accounts may be delayed until they can be collected
from the machine, verified, and entered into our accounting system. Further delay may occur if
the transaction is made on or immediately prior to a Saturday, Sunday, or holiday on which we
are closed. If you place a check or money order in the machine as a deposit or payment, it is
subject to collection in accordance with your account agreement with us and our Funds
Availability Policy as was disclosed to you upon opening your account and as may have since
been amended.

25. International Transactions: When you use your Visa Debit Card, Visa Credit Card, or
ATM card for international transactions, a fee will be assessed. You agree to pay a 1.00%
International Transaction Fee for ATM and Point-of-Sale (i.e., PIN-based) transactions and a
3.00% International Transaction Fee for all other international transactions and cash advances.
The fee will be assessed on international transactions if a currency conversion does take place
or if the transaction is processed in U.S. dollars. 

 
 
 
 
 
 
When you use your Visa Debit Card, Visa Credit Card, or ATM card at a merchant that settles
in, or at an ATM that dispenses, currency other than U.S. dollars, the charge will be converted
into the U.S. dollar amount. The currency conversion rate used to determine the transaction
amount in U.S. dollars is either a wholesale market rate or the government-mandated rate in
effect the day before the processing date. The conversion rate in effect on the processing date
may differ from the rate in effect on the transaction date or posting date. The International
Transaction Fee will be calculated after the transaction has been converted to U.S. dollars.

26. Advisory Against Illegal Use: You agree not to use your card(s) for illegal gambling or
other illegal purposes. Display of a payment card logo by, for example, an online merchant
does not necessarily mean that transactions are lawful in all jurisdictions in which the
cardholder may be located.

27. Governing Law: This Electronic Fund Transfer Agreement and Disclosure is governed by
the Bylaws of Michigan State University Federal Credit Union, federal laws and regulations,
state laws and regulations, and local clearing house rules, as may be amended from time to
time. Any disputes regarding this agreement shall be subject to the jurisdiction of the
appropriate court in Ingham County or the Federal District Court for the Western District of
Michigan. 

28. Enforcement: You agree that you will be liable to us for any loss, cost, or other expenses,
including reasonable attorney’s fees, we incur as a result of your failure to comply with the
terms and conditions set forth in this Agreement and as we may amend from time to time. You
authorize us to deduct any loss, cost, or other expenses, including reasonable attorney’s fees,
for any action we may take to enforce this Agreement from any account you hold at Michigan
State University Federal Credit Union.

29. Amendments Termination: We reserve the right to amend this disclosure (Agreement) in
any manner and at any time. If we do so, we will give you such notice thereof as we deem to
be reasonable under the circumstances; however, in specific cases when required by law we
will give you at least 21 days advance written notice. We also reserve the right to terminate this
disclosure (Agreement) by sending a notice of such termination by first-class mail to your last
known address on our records, which notice shall be effective when mailed.

30. Termination of Prior Agreements: This disclosure terminates and takes the place of any
disclosure or agreement related to Electronic Fund Transfer laws we have previously furnished
to you 21 days after we mail it to you.

31. Effective Date: Except as provided in Section 30, the effective date of this disclosure
(Agreement) is 07/01/2014.

* These transactions are NOT electronic fund transfers.

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