ELECTRONIC FUND TRANSFERS YOUR RIGHTS AND RESPONSIBILITIES
Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which may 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.
Electronic Fund Transfers Initiated By Third Parties
You may authorize a third party to initiate electronic fund transfers between your account and the third party’s account. These transfers to make or receive payment may be one-time occurrences or may recur as directed. These transfers may use the Automated Clearing House (ACH) or other payments network. Your authorization to the third party to make these transfers can occur in a number of ways. For example, your authorization to convert a check to an electronic fund transfer or to electronically pay a returned check charge can occur when a merchant provides you with notice and you go forward with the transaction (typically, at the point of purchase, a merchant will post a sign and print the notice on the receipt). In all cases, these third party transfers will require you to provide the third party with your account number and financial institution information. This information can be found on your check as well as on a deposit or withdrawal slip. Thus, you should only provide your financial institution and account information (whether over the phone, the Internet, or via some other method) to trusted third parties whom you have authorized to initiate these electronic fund transfers. Examples of these transfers include, but are not limited to:
- Preauthorized credits – You may make arrangements for certain direct deposits to be accepted into your checking or savings.
- Preauthorized payments – You may make arrangements to pay certain recurring bills from your checking or savings.
- Electronic check conversion – You may authorize a merchant or other payee to make a one-time electronic payment from your checking account using information from your check to pay for purchases or pay bills.
- Electronic returned check charge – You may authorize a merchant or other payee to initiate an electronic funds transfer to collect a charge in the event a check is returned for insufficient funds.
iTalk Transactions
Types of transactions – You may access your account by telephone using your account number(s), access code, and the last four digits of your social security number.
- transfer funds from checking to checking
- transfer funds from checking to savings
- transfer funds from checking to money market
- transfer funds from savings to checking
- transfer funds from savings to savings
- transfer funds from savings to money market
- make payments from checking to loan with us
- make payments from savings to loan with us
- make payments from money market to loan with us
- get balance information about checking, savings, certificate of deposit or loans accounts
- get withdrawal history about checking or savings
- get deposit history about checking or savings
- get transaction history about checking, savings, or loans
- schedule a stop payment
- activate or deactivate your card
- set up or change PIN
You may access your account for telephone transactions at the following number(s) and during the following hours:
- 1-844-378-1986 (24 hours per day)
ATM Transactions
Types of transactions – You may access your account(s) by ATM using your ATM/debit card and your personal identification number (PIN) to:
- deposit funds to checking or savings
- withdraw cash from checking or savings
- transfer funds from checking to savings
- transfer funds from savings to checking
- transfer funds from checking to checking
- transfer funds from checking to money market
- transfer funds from savings to savings
- transfer funds from savings to money market
- get balance information about checking or savings
- There is no charge for any ATM transactions made using an Old Fort Bank issued card at ATM’s we own or operate located in Tiffin, Ohio at 634 W. Market St., 33 E. Market St., 155 Miami St., 2942 S. St. Rt. 100 or 265 N. Washington St.; in Fostoria, Ohio at 599 Plaza Drive; in Fremont, Ohio at 300 W. State St.; in Clyde, Ohio at 651 W. McPherson Highway; in Bettsville, Ohio at 238 State Street; in Findlay, Ohio at 15030 Flag City Drive; in Old Fort, Ohio at 8034 Main Street; in Sugarcreek Township, Ohio at 6430 Wilmington Pike, Dayton, Ohio; in Xenia, Ohio at 88 S. Progress Drive. For any additional fees that may apply, please refer to our Fee Disclosure.
Some of these services may not be available at all terminals.
Point-of-Sale Transactions
Types of transactions – You may access your checking account(s) by debit card to do transactions that participating merchants will accept, including:
- pay for services in person, by phone, or online
- get cash from a participating merchant or financial institution
Currency Conversion and International Transactions
Currency Conversion – When you use your VISA Check card at a merchant that settles currency other than U.S. dollars, the charge will be converted to the U.S. dollar amount. The currency conversion rate used to determine the transaction amount in U.S. dollars is either a rate selected by Visa from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate Visa itself receives, or the government-mandated rate in effect for the applicable central processing date, plus 1%. The conversion rate in effect on the processing date may differ from the rate in effect on the transaction date or posting date. VISA will also impose a 0.8% fee on foreign transactions where a currency conversion is not performed. In either case, we pass this international transaction fee on to you. An international transaction is a transaction where the country of the merchant is outside the USA.
Advisory Against Illegal Use
You agree not to use your card(s) for illegal gambling or other illegal purposes. Display of a payment card logo by, for example, an online merchant does not necessarily mean that transactions are lawful in all jurisdictions in which the cardholder may be located.
Online and Mobile Banking Access Plan
Types of transfers – You may access your accounts by computer or approved mobile device at www.oldfortbank.com and using your access ID and passcode to:
- transfer funds from checking to savings
- transfer funds from checking to checking
- transfer funds from checking to money market
- transfer funds from savings to checking
- transfer funds from savings to savings
- transfer funds from savings to money market
- make payments from checking to loan with us
- make payments from savings to loan with us
- make payments from money market to loan with us
- make payments from checking to third party
- get balance information about checking, savings, certificate of deposit or loan accounts
- get withdrawal history about checking or savings
- get deposit history about checking or savings
- get transaction history about checking, savings, or loans
Bill Payment Service
You may access this service by computer or approved mobile device at www.oldfortbank.com and using your access ID and passcode.
You may access this service to:
- make payments from checking account(s) to third party
External Transfers
You may transfer funds from your Old Fort Bank checking and savings accounts to an external account or transfer from an external account to an Old Fort Bank checking or savings account for deposit or to make loan payments.
Mobile Remote Deposit Capture (RDC)
Please reference the additional disclosure language in the online agreement for any limitations on transactions.
ATM Operator/Network Fees
When you use an ATM not owned by us, you may be charged a fee by the ATM operator or any network used (and you may be charged a fee for a balance inquiry even if you do not complete a fund transfer).
Documentation
Terminals Transfers
You can get a receipt at the time you make a transfer to or from your account using an automated teller machine or point-of-sale terminal. However, you may not get a receipt if the amount of the transfer is $15 or less.
Preauthorized Credits
If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company:
- the person or company making the deposit will tell you every time they send us money
- you can call us at 1-866-347-3440 to find out whether or not the deposit has been made
Periodic Statements
You will get a monthly account statement from us for your checking account(s).
You will get a monthly account statement if you have a checking account and associated savings account.
For savings accounts, we do not send periodic statements unless you have a qualifying electronic funds transfer to the account. If you have a qualifying electronic funds transfer to your savings account, you will receive a monthly statement. You will continue to receive a monthly statement if there is a qualifying electronic transfer in the month, otherwise you will receive a quarterly statement.
Preauthorized Payments
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 disclosure in time for us to receive your request three 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.
Please refer to fee disclosure for stop payment fee.
Notice of Varying Amounts
If these regular payments vary in amount, 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 three 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 transfer
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:
- If, through no fault of ours, you do not have enough money in your account to make the transfer.
- If you have an overdraft line and the transfer would go over the credit limit.
- If the automated teller machine where you are making the transfer does not have enough cash.
- If the terminal or system was not working properly and you knew about the breakdown when you started the transfer.
- If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken.
- There may be other exceptions stated in our agreement with you.
Confidentiality
- Where it is necessary for completing transfers; or
- In order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant; or
- In order to comply with government agency or court orders; or
- If you give us written permission.
- We may disclose information that we collect to companies with whom we have a joint marketing agreement.
Unauthorized Transfers
(a) Consumer Liability.
(1) Generally, tell us AT ONCE if you believe your card and/or code has been lost or stolen, or if you believe that an electronic fund transfer has been made without permission using information from your check. 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 two 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 two business days after you learn of the loss or theft, you lose no more than $50 if someone used your card and/or code without your permission.
If you do NOT tell us within two 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 show transfers that you did not make, including those made by card, code or other means, tell us at once. If you do not tell us within 60 days after the statement was mailed or e-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 period.
(2) Additional Limit on Liability for VISA ® 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 card. This additional limit on liability does not apply to ATM transactions, to transactions using your Personal Identification Number, 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, call or write us at the telephone number or address listed in this disclosure. You should also call the number or write to the address listed in this disclosure if you believe a transfer has been made using the information from your check without your permission.
Error Resolution Notice
- Tell us your name and account number (if any).
- 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.
- 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 (five business days if the transfer involved a point-of-sale transaction 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 (five business days if the transfer involved a point-of-sale transaction 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.
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. If you have inquiries regarding your account, please contact us at:
Old Fort Banking Company
Operations Department
P.O. Box 88
Old Fort, OH 44861-0088
BUSINESS DAYS: Monday, Tuesday, Wednesday, Thursday and Friday
Holidays are not included.
Phone: 1-866-347-3440
Other Terms
ACH and Wire Transfers
This agreement is subject to Article 4A of the Uniform Commercial Code – Funds Transfers as adopted in the state in which you have your account with us. If you originate a funds transfer for which Fedwire is used, and you identify by name and number a beneficiary financial institution, an intermediary financial institution or a beneficiary, we and every receiving or beneficiary financial institution may rely on the identifying number to make the payment. We may rely on the number even if it identifies a financial institution, person or account other than the one named. You agree to be bound by automated clearing house association rules. These rules provide, among other things, that payments made to you, or originated by you, are provisional until final settlement is made through a Federal Reserve Bank or payment is otherwise made as provided in Article 4A-403(a) of the Uniform Commercial Code. If we do not receive such payment, we are entitled to a refund from you in the amount credited to your account and the party originating such payment will not be considered to have been paid the amount so credited. If we receive a credit to an account you have with us by wire or ACH, we are not required to give you any notice of the payment order or credit.
Non-Visa Debit Transaction Processing
We have implemented a new way to process your non-Visa debit transactions. This means you may use your Visa Check Card on a PIN-Debit Network** (a non-Visa network) without using a PIN.
The non-Visa debit networks for which such transactions are enabled are: PULSE, CIRRUS, and STAR.
When you use your Visa Check Card you may be required to sign a receipt, provide a card number over the phone or via the Internet, or swipe the card through a point-of-sale terminal.
Examples of the types of actions you may be required to make to initiate a transaction on a PIN-Debit Network include initiating a payment directly with the biller (possibly via telephone, Internet, kiosk locations), responding to a logo displayed at a payment site and choosing direct payment through the network, and having your identity verified using known information derived from an existing relationship with you instead of through use of a PIN.
The provisions of your agreement with us relating only to Visa transactions are not applicable to non-Visa transactions. For example, the additional limits on liability (sometimes referred to as Visa’s zero liability program) and the streamlined error resolution procedures offered on Visa debit transactions are not applicable to transactions processed on a PIN-Debit Network.
**Visa Rules generally define PIN-Debit Network as a non-Visa debit network that typically authenticates transactions by use of a personal identification number (PIN), but that is not generally known for having a card program.
Common Features
Limits and Fees
Check the Fee Schedule to find out what fees may be assessed against your account, if any, apply to your account. The Fee Schedule may be obtained by visiting any Old Fort Bank Financial Center or by calling 866-347-3440.
Revised April 2023