USA PATRIOT ACT
USA PATRIOT ACT
USA PATRIOT ACT
You Can Help Us In The War On Terror
The USA PATRIOT ACT requires credit unions to take extra security precautions to help the government fight the funding of terrorism and money laundering activities. Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. These new procedures are designed to prevent crimes, such as identity theft and account fraud that terrorists commit to finance their operations against the U.S. and its citizens.
Your Understanding and Cooperation Are Appreciated
When an account is opened or changed, you will be asked for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying government issued documents. The definition of an account covers a broad range of regular financial transactions such as deposit, transaction, asset, or credit accounts or other extension of credit. The required verification may be inconvenient for some but a strong deterrent for terrorists and other criminals. You can rest assured that we will only request the information required by the law…and that we will use the information only for purposes of complying with the law. Your privacy is our top concern, and we will respect and protect it as always, consistent with the law’s requirements. Thanks for your understanding and help in this critical effort. The war on terrorism will be fought on many fronts, and this is one of them.
UIGEA Disclosure
The Unlawful Internet Gambling Enforcement Act of 2006 (31 USC 5361-5366) prohibits any person engaged in the business of betting or wagering (as defined by the act) from knowingly accepting payments in connection with the participation of another person in unlawful Internet gambling. Unlawful internet gambling means to place, receive, or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received, or otherwise made. Unlawful Internet gambling transactions are prohibited from being processed through your accounts and your relationship with us. This includes transactions involving an ATM card, Debit card, Credit card, ACH transfer, wire transfer, or bill payment. We will require you to provide evidence of your legal authority to engage in Internet gambling if you engage in an Internet gambling business. This notice is for informational purposes and does not otherwise alter the terms and conditions of your existing account. Thank you for your business.
Fraud Protection
Fraud Alert Management (FALCON) Protecting our members from fraud is a top priority for Antioch Community Federal Credit Union, your ACFCU Visa Debit Card provider. To give you additional card security, we use the Visa Fraud Alert Management detection system (FALCON) which continuously monitors your ACFCU Visa Debit Card activity to help identify and prevent fraudulent transactions on your account. If suspicious charges or transactions outside of your normal spending pattern appear on your card, you may receive an automated phone call from Fraud Alert Management (FALCON) on behalf of ACFCU to verify the charges. You will be asked to verify the charges. To verify your identity, you may be asked to provide personal information such as address, birth date and confirmation of the last four digits of your social security number. You will never be asked to provide your full social security number, ACFCU Visa Debit Card number, account number, or PIN. If Fraud Alert Management (FALCON) is unable to reach you directly, they will leave a message identifying themselves as Visa Fraud Alert Management (FALCON) calling to verify transactions made with your ACFCU Visa Debit Card. To ensure this call is legitimate, Visa Fraud Alert Management (FALCON) will always provide 1-888-241-2440, Outside of US: 1-909-941-1398 as the toll-free call back number. If Visa Fraud Alert Management (FALCON) is unable to contact you regarding the suspicious charges on your ACFCU Visa Debit Card, your card may be temporarily blocked to prevent any fraudulent activity. The block will be removed once Visa Fraud Alert Management (FALCON) is able to confirm with you that the charges are legitimate.
Minimum Balance and Deposit Requirements
The minimum deposit required for you to open a 2nd Chance Account is $50. A minimum balance of $50 must be maintained to obtain credit union services. You must maintain a minimum balance of $100 to obtain the Annual Percentage Yield stated on the Rate Schedule.
FEES
A one-time set up fee of $10 will be due at the time of opening the account. A monthly fee will be charged to your Share account in the amount of $5.
ACCOUNT LIMITATIONS AND MINIMUM REQUIREMENTS
All two-party checks are subject to a hold. Member must be 18 years or older. If any negative activity is on account, account may be closed immediately. In order to open an account, negative credit/activity from another financial institution must be at least 3 months old. If there is no negative balance activity or newly reported credit or account problems for twelve months from the date of opening and the member has not caused a loss to the Credit Union, the 2nd Chance Share Account may be converted to a Regular Share Account at the member’s request.
Minimum Balance and Deposit Requirements
You must maintain a minimum deposit of $50 in your 2nd Chance Share Account, which the amount will remain frozen and held as security in the event of default or loss.
ACCOUNT LIMITATIONS AND MINIMUM REQUIREMENTS
No temporary checks or account checks available for this type of account VISA Debit Card only issued for this type of account All two-party checks are subject to a hold. Member must be 18 years or older. If any negative activity is on account, account may be closed immediately. In order to open an account, negative credit/activity from another financial institution must be at least 3 months old. The credit union may pursue any and all other remedies available in order to recover any losses incurred that exceed the amount of any available security. If there is no negative balance activity or newly reported credit or account problems for twelve months from the date of opening and the member has not caused a loss to the Credit Union, the 2nd Chance Draft Account may be converted to a Regular Draft Account at the member’s request.
ACH Origination
With ACH Origination, you can easily and securely manage your payments to or from your ANTIOCH COMMUNITY FEDERAL CREDIT UNION accounts! Click on the appropriate link below to complete and submit your request: Transfer funds to your ANTIOCH COMMUNITY FEDERAL CREDIT UNION account from another financial institution Transfer funds to a deposit account at another institution from your ANTIOCH COMMUNITY FEDERAL CREDIT UNION account Terminate a preauthorized payment **To set up loan payments at another financial institution from your ANTIOCH COMMUNITY FEDERAL CREDIT UNION account, please contact us at (925) 757-1320. Your transaction will be completed as soon as the next business day. Enjoy the flexibility to set up either one-time or recurring transactions. With ACH Origination, mailing checks to another financial institution and waiting in long lines to make a payment are a thing of the past! **There is a fee to set up loan payments at another financial institution from your ANTIOCH COMMUNITY FEDERAL CREDIT UNION account.