Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which may not apply to your account. Please read this disclosure carefully because it tells you your rights and obligations for the transactions listed. You should keep this notice for future reference.
Preauthorized credits. You may make arrangements for certain direct deposits to be accepted into your checking or savings account(s).
Preauthorized payments. You may make arrangements to pay certain recurring bills from your checking account(s).
Telephone Transfers - types of transfers and charges - You may access your account by telephone by speaking with an employee of the bank by providing your account numbers and the date and amount of your last deposit, to:
Please also see Limitations on frequency of transfers section regarding limitations that apply to telephone transfers.
Limitations on frequency of transfers. In addition to those limitations on transfers elsewhere described, if any, the following limitations apply:
You may access your account by telephone 24 hours a day at 1-606-349-8790 using your personal identification number (PIN), a touch tone phone, and your account numbers, to:
Please also see the Deposit Account Agreement and Disclosure, Savings Accounts section of the Multiple Account Disclosure regarding the limitations that apply to telephone or telephonic transfers
FEES
Except as indicated elsewhere, we do not charge for these electronic fund transfers.
DOCUMENTATION
AUTOMATED TELLER MACHINE (ATM) AND DEBIT CARD SERVICES
ATM TRANSFERS
Type of transfers - You may access your account(s) by ATM using your Salyersville National Bank ATM Card and personal identification number or Salyersville National Bank's Debit Card and personal identification number to:
Some of these services may not be available at all terminals.
If you make a deposit at an Off premise ATM, your deposit may not be available the next business day. Please review the notice about availability at ATMs you make a deposit at.
ATM Frequency and Dollar Limitations - Using the Salyersville National Bank ATM Card or Salyersville National Bank's Debit Card and personal identification number at an ATM machine:
Please also see Limitations on Frequency of Transfers section regarding limitations that apply to ATM transfers.
Fees and Charges - There are no charges for ATM withdrawals at machines owned by us. There is a $20.00 per card for replacement of ATM/Debit Card
Notice regarding ATM fees by others – If you use an automated teller machine that is not operated by us, you may be charged a fee by the operator of the machine and/or by an automated transfer network.
INTERNET BANKING COMPUTER TRANSFERS – types of transfers – You may access your account(s) by computer using your password, your account numbers, and internet access to www.salyersvillebank.com, to:
FEES
PREAUTHORIZED ELECTRONIC FUNDS TRANSFERS
Brief Description: Preauthorized direct deposit or ACH debits
Types of Preauthorized Transfers: You may arrange for us to complete the following preauthorized transfers to or from your deposit accounts:
Fees and Charges:
LIMITATIONS ON FREQUENCY OF TRANSFERS - NONE
DOCUMENTATION
Periodic Statement. You will get a quarterly statement from us on your savings account if this is the only account you maintain and the only possible electronic transfer to or from the account is a preauthorized deposit.
Terminal Receipt. You will receive a terminal receipt at the time you make any transaction at an ATM terminal.
Direct Deposits. If you have arranged to have direct deposits made to your account at least once every sixty (60) days from the same person or company, you can call us at (606) 349-3131 to find out whether or not the deposit has been made.
PREAUTHORIZED ELECTRONIC FUNDS TRANSFER
Right to stop payment and procedure for doing so. If you have told us in advance to make regular payments out of your account, you can stop any of these payments. Here is how:
Call or write us at the telephone number or address listed in this brochure in time for us to receive your request 3 business days or more before the payment is scheduled to be made. If you call, we may also require you to put your request in writing and get it to us within 14 days after you call. We will charge you $25.00 for each stop-payment order you give.
Notice of varying amounts. If these regular payments may vary inamount, 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 the 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.)
Liability for failure to stop payment of preauthorized transfer. If you order us to stop one of these payments 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.
FINANCIAL INSTITUTION'S LIABILITY
Liability for failure to make transfers. If we do not complete a transfer 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. However, there are some exceptions. We will not be liable, for instance:
(1)If, through no fault of ours, you do not have enough money in your account to make the transfer.
(2)If you have an overdraft line and the transfer would go over the credit limit.
(3)If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken.
(4)There may be other exceptions stated in our agreement with you.
CONFIDENTIALITY
We will disclose information to third parties about your account or the transfers you make:
(1)where it is necessary for completing transfers; or
(2)in order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant; or
(3)in order to comply with government agency or court orders; or
(4)if you give us written permission.
UNAUTHORIZED TRANSFERS
(a)Consumer liability. Tell us AT ONCE if you believe your card and/or code has been lost or stolen. Telephoning is the best way of keeping your possible losses down. You could lose all the money in your account (plus your maximum overdraft line of credit). If you tell us within 2 business days, you can lose no more than $50 if someone used your card and/or code without your permission. (if you believe your card and/or code has been lost or stolen, and you tell us within 2 business days after you learn of the loss or theft, you can lose no more than $50 if someone used your card and/or code without your permission.)
If you do NOT tell us within 2 business days after you learn of the loss or theft of your card and/or code, and we can prove we could have stopped someone from using your card and/or code 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.
If a good reason (such as a long trip or a hospital stay) kept you from telling us, we will extend the time periods.
Additional Limit on Liability for Visa-branded 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-branded Card. this additional limit on liability does not apply to ATM transactions, to transactions using your Personal Identification Number (PIN) which are not processed by VISA, or to commercial cards.
(b)Contact in event of unauthorized transfer. If you believe your card and/or code has been lost or stolen or that someone has transferred or may transfer money from your account without your permission, call or write us at the telephone number or address listed in this brochure.
PERSONAL IDENTIFICATION NUMBER (PIN). The ATM and Debit Card PIN issued to you is for your security purposes. The numbers are confidential and should not be disclosed to third parties or recorded on the card. You are responsible for safekeeping your PIN(s). You agree not to disclose or otherwise make your ATM and Debit Card PIN available to anyone not authorized to sign on your accounts.
NOTICES. All notices from us will be effective when we have mailed them or delivered them to your last known address on our records. Notices from you will be effective when received by us at the address specified in this Agreement. We reserve the right to change the terms and conditions upon which this service is offered. We will mail notice to you at least twenty-one (21) days before the effective date of any change, as required by law. Use of this service is subject to existing regulations governing your account and any future changes to those regulations.
ENFORCEMENT. In the event either party brings a legal action to enforce this Agreement or collect amounts owing as a result of any Account transaction, the prevailing party shall be entitled to reasonable attorneys' fees and costs, including fees on any appeal, subject to any limits under applicable law.
TERMINATION OF ATM AND DEBIT CARD SERVICES. You agree that we may terminate this Agreement and your use of the ATM and Debit Card services, if-
Termination of service will be effective the first business day following receipt of your written notice. Termination of this Agreement will not affect the rights and responsibilities of the parties under this Agreement for transactions initiated before termination.
ERROR RESOLUTION NOTICE
In Case of Errors or Questions About Your Electronic Transfers, Call or Write us at the telephone number or address listed in this disclosure, as soon as you can, if you think your statement 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 sent the FIRST statement on which the problem or error appeared.
(1)Tell us your name and account number (if any).
(2)Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information.
(3)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.
We will determine whether an error occurred within 10 business days (5 business days for Visa-branded Card point-of-sale transactions and 20 business days if the transfer involved a new account) after we hear from you and will correct any error promptly. If we need more time, however, we may take up to 45 days (90 days if the transfer involved a new account, a point-of-sale transaction, or a foreign-initiated transfer) to investigate your complaint or question. If we decide to do this, we will credit your account within 10 business days (5 business days for Visa-branded Card point-of-sale transactions and 20 business days if the transfer involved a new account) 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 10 business days, we may not credit your account. Your account is considered a new account for the first 30 days after the first deposit is made, unless each of you already has an established account with us before this account is opened.
We will tell you the results within three business days after 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.
SALYERSVILLE NATIONAL BANK
BOOKKEEPING DEPARTMENT
MAIN STREET
SALYERSVILLE, KENTUCKY 41465
Business Days: Monday through Friday
Excluding Federal Holidays
Phone: 606-349-3131
OTHER PROVISIONS. There may be a delay between the time a deposit is made and when it will be available for withdrawal. You should review our Funds Availability Policy to determine the availability of the funds deposited at ATMS. We reserve the right to refuse any transaction, which would draw upon insufficient funds, exceed a credit limit, lower an account below a required balance, or otherwise require us to increase our required reserve on the account.
MORE DETAILED INFORMATION IS AVAILABLE ON REQUEST
Effective as of November 2021