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Thank you for contacting American Chartered Bank.
Please read the following Electronic Services Agreement & Disclosure. You must review and agree to this disclosure in order to continue the enrollment process.
Electronic Services Agreement and Disclosure
This Agreement describes your rights and obligations as a user of any and all electronic services provided to you: Online Banking, Online Bill Payment, and Electronic Statements (eStatements) for deposit or loan accounts. This Agreement also establishes the rights and obligations of American Chartered Bank. Please read this disclosure carefully. Your acceptance of this disclosure by signature, continued use of this service or online agreement constitutes your agreement to comply with these terms and conditions. We may terminate any of your Electronic Services under this agreement without providing notice to you for any reason. You are responsible for complying with all terms of this Agreement governing the deposit or loan accounts which you access using electronic banking services. The laws of the State of Illinois and applicable Federal Law govern this Agreement. This agreement is subject to change from time to time. We will notify you of any material change regarding this agreement via email. Continued use of this or any other electronic service indicates your acceptance of the revised agreement. Any fees are disclosed on our schedule of fees or prior to your submitting your request (Bill Payment services such as CD orders or immediate payments). These fees are subject to change. You will be notified in writing at least thirty (30) days in advance of any changes.
LIMITATIONS OF LIABILITY
If your online banking password has been lost or stolen or in the event of unauthorized access to any of your accounts, contact us immediately. If you contact us within two business days after you learn of the loss or theft, you can lose no more than $50.00 if someone uses your password without permission. If you do NOT telephone or write us within two business days after you learn of the loss or theft of your password, and we can prove we could have stopped someone from using your password had you told us, you could lose as much as $500.00.
You must promptly review your electronic statement and accompanying items. You have 60 days from the date of mailing or online availability of your statement to notify us of any errors. If we are unable to recover lost funds due to your failure to notify us within 60 days, then your failure to notify us may result in your inability to recover those lost funds. American Chartered Bank may extend this time period if it determines that there were reasonable extenuating circumstances causing your delay (i.e. an extended hospital stay or long trip).
You agree to notify the bank of any suspected errors regarding items deposited through Mobile Deposit.
If you allow someone other than you to review your statements, you are still obligated to review the statement for any errors, unauthorized or omitted signatures, alterations or other irregularities. You are responsible for any wrongful act of your employees and agents. The time period within which you must notify us begins on the day the statement is available to you, regardless of when you open or view the statement.
You agree that we will not be liable for any direct, indirect, incidental, special, consequential or exemplary damages, including, but not limited to damages for loss of profits, goodwill, use, data or other losses resulting from the use or the inability to use the services incurred by you or any third party arising from or related to the use of, inability to use, or the termination of the use of this services, regardless of the form of action or claim (whether contract, tort, strict liability or otherwise), even if the bank has been informed of the possibility thereof.
SHARING YOUR INFORMATION
We will disclose information to third parties about your account or the transfers you make:
CONSUMER ONLINE BANKING
This automated service enables account holders to manage accounts through Online Banking via the American Chartered Bank web site at www.americanchartered.com
o View posted transactions (time frames will vary)
o Make transfers between your deposit and consumer loan accounts
o The business day deadline for daily posting is 6:00 PM Central Time
o Transactions made on WEEKENDS or BANK HOLIDAYS are processed on the following business day
o Export transaction history to financial software Quicken
o Establish automatic balance and check posting alerts
o If you enroll in Online Bill Pay, you can pay bills from your checking account. Daily deadline is 6:00 PM Central Time each business day
eSTATEMENTS AND NOTICES
You can receive your periodic deposit and loan account statements more quickly and with greater security by using American Chartered Bank’s
eStatement service. Industry standards are dynamic and constantly changing. We will use measures consistent with those standards, to maintain a reasonable level of security.
MOBILE DEPOSIT SERVICE
Mobile Deposit allows you to make deposits to your checking, savings, or money market savings accounts from home or other remote locations by scanning checks and delivering the images and associated deposit information to the Bank. Once you have qualified for the Services, you are responsible for securely maintaining to prevent unauthorized use.
DAILY CUT OFF TIME-Deposits made after the daily cut off time of 5:00 p.m. Monday through Friday will be credited at the close of business the following business day.
Terms of Service You agree that you will not use the Services to scan and deposit any check:
Funds Availability: All checks deposited via the Service by the Bank’s stated deadline will be considered deposited on that business day and are subject to the standard availability schedule referenced in the Funds Availability disclosure provided during the opening of the checking account(s) as regulated by Regulation CC and Check 21 legislations.
User warranties and indemnification. You warrant to The Bank that:
Disposal of Deposited Items. Upon your receipt of a confirmation from The Bank that we have received the image of an item, you agree to prominently mark the item as “Electronically Presented” or “VOID” and to properly dispose of the item (shred/incinerate) 30 days after deposit to ensure that it is not re- presented for payment. And, you agree never to re-present the item. You will promptly provide any retained item, or a sufficient copy of the front and back of the item, to The Bank as requested to aid in the clearing and collection process, to resolve claims by third parties with respect to any item, or for The Bank’s audit purposes.
We reserve the right to reject any item transmitted through the Services, at our discretion, without liability to you. We are not responsible for items we do not receive or for images that are dropped during transmission. An image of an item shall be deemed received when you receive a confirmation from The Bank that we have received the image. Receipt of such confirmation does not mean that the transmission was error free or complete.
ONLINE BILL PAYMENT
The Online Bill Pay feature is available for consumer checking account customers. A separate disclosure for Online Bill Pay is provided when your account is activated online.
PEER TO PEER PAYMENTS
Payments made via the “Send Money Online” application are subject to the rules, terms and conditions of Pay Pal. All disputes and claims issues arising from payments made through “Send Money Online” are handled by Pay Pal. International transfer fees may apply and are subject to change by Pay Pal at any time. American Chartered Bank makes no warrants or guarantees for Pay Pal transfers. VISA Zero Liabi lity and Merchant rules do not apply to this service. Pay Pal transfers are limited to $500 per day.
External transfers may be made between your account at American Chartered Bank and other financial institutions. All electronic transfers are governed by the Electronic Funds Transfer Disclosure.
External transfers are limited to $7,500 per transaction, $7,500 per day with a limit of 3 transactions per day, and $10,000 per month with a limit of 30 transactions per month. Transfers must be submitted by 6pm Central Time to be counted as that day.
Transfers from ACB to an external bank:
Funds will be debited from your ACB account same day. Funds will be credited to your external account on the next business day.
Transfer from an external bank to ACB:
Funds will be debited from your external account on the next business day. Funds will be available in your ACB account on the fifth business day.
In online banking, you may enroll and receive text alerts to assist in managing your account. Alerts are established at the account level.
Your mobile carrier’s text messaging and web access charges may apply. Check with your service provider for details on specific fees and charges. Not all phones or cell plans are compatible; please check with your service plan provider.
Your mobile carrier’s text messaging and web access charges may apply. Web access is needed to use Mobile Banking. Check with your service provider for details on specific fees and charges. Not all phones or cell plans are compatible; please check with your service plan provider.
By accepting this agreement and submitting your email address you grant permission to American Chartered Bank to send you periodic promotional emails. You may unsubscribe at any time by clicking the SafeUnsubcribe link at the bottom of every email.
FEDERAL E-SIGN ACT DISCLOSURE
In the event of any of the following, please contact us:
You may contact us via any of the following. Email, Bank Mail, and Contact Us inquiries are responded to not later than the close of the next business day following receipt. Do not use these methods for urgent issues such as lost or stolen debit cards, unauthorized account activity or access to your account
Online at www.americanchartered.com using the “Contact Us” menu
Email to firstname.lastname@example.org
Telephone Client Services at (847) 273-1665
9:00 AM to 5:00 PM (Central) Monday-Friday
Voicemail is available for messages after hours
Direct all Electronic Services correspondence to:
American Chartered Bank
Attn: Client Services
20 N. Martingale Road
Schaumburg, IL 60173