This Online Banking Services Agreement and Disclosures ("Agreement") explains the rights and responsibilities concerning the Online Banking Service (“Service”) offered to you by Pyramid Federal Credit Union. The Online Banking Service permits you to electronically initiate account transactions involving your accounts and communicate with the Credit Union. This Agreement and Disclosure describes the Electronic Funds Transfer (EFT) services and the terms for using them. Please read and retain with your records.
In this Agreement, the words "you", "your" and "yours" mean those who request and use the Credit Union Online Banking Service (also known as Online Banking and/or Mobile Banking) any joint owners of accounts accessed under this Agreement, or any authorized users of this service. The words "we," "us," and "our" mean the Credit Union. The word "account" means any one or more accounts you have with the Credit Union. By requesting and using the Online Banking Service, each of you, jointly and severally, agree to the Terms and Conditions in this Agreement, and any amendments.
By creating and using an Online Banking account, you accept these terms as published. Online Banking transactions are also subject to the terms of your Membership Agreement and/or Loan Agreement and Disclosures, as applicable. Online and Mobile banking services may be added and/or changed from time to time.
The Credit Union reserves the right to change the Terms and Conditions upon which this Service is offered without prior notice to you. If required, the Credit Union will mail notice to you before the effective date of any change, as required by law. Use of the Credit Union Online Banking Service is subject to existing regulations governing your accounts and any future changes to those regulations. Any use of the Service constitutes your agreement that such use is subject to the then-current version of this Agreement.
You agree to be liable to the Credit Union for any liability, loss or expense as provided in this Agreement that the Credit Union incurs as a result of any dispute involving your accounts or services. You authorize the Credit Union to deduct any such liability, loss or expense from your account without prior notice to you. In the event either party brings a legal action to enforce the Agreement or collect any overdrawn funds on accounts accessed under this Agreement, the prevailing party shall be entitled, subject to applicable law, to payment by the other party of its reasonable attorney's fees and costs, including fees on any appeal, bankruptcy proceedings, or any post-judgment collection actions, if applicable.
TERMINATION OF ONLINE BANKING SERVICE
We may terminate this Agreement and your use of the Credit Union Online Banking Service if you or any authorized user of your account or Password breach this or any other agreement with us; or if we have reason to believe that there has been an unauthorized use of your account or Password.
You or any other party to your account can terminate this Agreement by notifying us in writing. Termination of service will be effective two business days following receipt of your written notice. However, termination of this Agreement will not affect the rights and responsibilities of the parties under this Agreement for transactions initiated before termination.
For security reasons, the Credit Union may terminate your Online Account with no activity for more than 60 days. You may be able to reinstate your account access by contacting the Credit Union.
This Agreement shall be governed by and construed in accordance with all applicable federal laws and all applicable substantive laws of the State of Arizona, and the Bylaws of the Credit Union as they now exist or may be hereafter amended. You understand that we must comply with these laws, regulations and rules. You agree that if there is any inconsistency between the terms of the Agreement and any applicable law, regulation or rule, the terms of this Agreement will prevail to the extent any such law, regulation or rule may be modified by agreement between us.
If you use our mobile banking application on your mobile device, we may collect and process information about your actual location. We use this opt-in data to provide relevant messaging, even when the app is not open on your screen, to tailor our products and services for you, and to occasionally offer you promotions of interest. You can enable or disable access to this information at any time, through your device settings.