Common use of TERMINATION OF EFT SERVICES Clause in Contracts

TERMINATION OF EFT SERVICES. You may terminate any EFT involving one or more cards under this EFT Disclosure at any time by notifying us in writing and stopping your use of your card(s) and any access code. You may terminate this EFT Disclosure in its entirety only by terminating all electronic funds services, meaning we will no longer accept any electronic transaction including, but not limited to, automatic deposits. Upon termination (by either you or us), you agree to return all cards to the Credit Union, or destroy the cards upon request of the Credit Union. You also agree to notify any participating merchants that authority to make bill payment transfers has been revoked. We may also terminate this EFT Disclosure at any time by notifying you orally or in writing at your last known address on file with us. If we terminate this EFT Disclosure, we may notify any participating merchants making preauthorized debits or credits to any of your Accounts that this EFT Disclosure has been terminated, and that we will not accept any further preauthorized transaction instructions. We may also program our computer not to accept your card(s) or access code for any EFT service. Whether you or the Credit Union terminates this EFT Disclosure, the termination shall not affect your obligations under this EFT Disclosure for any electronic transactions made prior to termination. If this EFT Disclosure is terminated the Credit Union may, to prevent any electronic transactions from occurring, close your Checking Account(s) and restrict all other Accounts to in-office transactions only.

Appears in 5 contracts

Sources: Membership Agreement, Membership Agreement, Membership Agreement

TERMINATION OF EFT SERVICES. You may terminate this Agreement or any EFT involving one or more cards service under this EFT Disclosure Agreement at any time by notifying us in writing and stopping your use of your card(s) card and any access code. You may terminate this EFT Disclosure in its entirety only by terminating all electronic funds services, meaning we will no longer accept any electronic transaction including, but not limited to, automatic deposits. Upon termination (by either you or us), you agree to must return all cards to the Credit Union, or destroy the cards upon request of the Credit Union. You also agree to notify any participating merchants that authority to make bill ▇▇▇▇ payment transfers has been revoked. We may also terminate this EFT Disclosure Agreement at any time by notifying you orally or in writing at your last known address on file with uswriting. If we terminate this EFT DisclosureAgreement, we may notify any participating merchants making preauthorized debits or credits to any of your Accounts accounts that this EFT Disclosure Agreement has been terminated, terminated and that we will not accept any further preauthorized transaction instructions. We may also program our computer not to accept your card(s) or access code for any EFT service. Whether you or the Credit Union terminates terminated this EFT DisclosureAgreement, the termination shall not affect your obligations under this EFT Disclosure Agreement for any electronic transactions EFTs made prior to termination. If Governing law:This Agreement is governed by the Bylaws of the Credit Union, federal laws and regulations, the laws and regulations of the state of Wyoming and local clearinghouse rules, as amended from time to time. Any disputes regarding this EFT Disclosure is terminated Agreement shall be subject to the jurisdiction of the court of the county in which the Credit Union mayis located. Enforcement: You are liable to us for any loss, cost or expenses we incur resulting from your failure to follow this Agreement. You authorize us to deduct any such loss, costs or expenses from any of your accounts without prior notice to you. If we bring a legal action to collect any amount due under or to enforce this Agreement, we shall be entitled, subject to applicable law, to prevent payment of reasonable attorney’s fees and cost, including fees on any electronic transactions from occurringappeal, close your Checking Account(s) bankruptcy proceedings, and restrict all other Accounts to inany post-office transactions onlyjudgment collection actions.

Appears in 1 contract

Sources: Electronic Funds Transfer Agreement