Requirements & Responsibilities

Deposits Of Funds Requirements

• Endorsements: We may accept transfers, checks, drafts, and other items for deposit into any of your accounts if they are made payable to, or to the order of, one or more account owners even if they are not endorsed by all payees. You may authorize us to supply missing endorsements of any owners even if they are not endorsed by all payees. You may authorize us to supply missing endorsements of any owners that you indicate. If a draft, (check), or item that is payable to two or more persons is ambiguous as to whether it is payable to either or both, we may process the check, draft or item as though it is payable to either person. If an insurance, government, or other check or draft requires the endorsement, we may require endorsement as set forth on the item. Endorsements must be made on the back of the share draft or check within 1 1/2 inches from the top edge, although we may accept endorsements outside this space. However, any loss we incur from a delay or processing error resulting from an irregular endorsement or other markings by you or any prior endorser will be your responsibility.
• Collection of Items: Highmark acts only as your agent, in that we are not responsible for handling items for deposit or collection beyond the exercise of ordinary care. We are not liable for the negligence of any correspondent or for loss in transit, and each correspondent will only be liable for its own negligence. We may send any item for collection. Items drawn on an institution located outside the United States may be handled on a collection basis only. You waive any notice of nonpayment, dishonor, or protest regarding items we purchase or receive for credit or collection to your account. We reserve the right to pursue collection of previously dishonored items at any time, including giving a payer financial institution extra time beyond any midnight deadline limits.
• Restrictive Legends: Some drafts, (checks), contain restrictive legends or limitations, such as "two signatures required", "void after 90 days", "not valid over $500". Highmark is not liable for payment of any check or draft contrary to a restrictive legend or other limitation contained in or on the items unless we specifically agreed in writing to the restrictions or limitations.
• Preauthorized Drafts: You may request us to make a payment to a creditor and by doing so you expressly adopt the words "Signature on File" as your signature on any check or draft. You authorize us to honor all checks or drafts for payment of money drawn on your account bearing the words, "Signature on file". PLEASE NOTE: Voluntarily giving information about your checking account, (i.e. routing number and account number), to a party seeking to sell you good or services may constitute an authorization by that party to withdraw funds from your account. A check or draft submitted for payment, by the party to whom you gave information, is considered authorized and will be paid from your account.
• Final Payment: All checks, drafts, or Automatic Clearing House (ACH) transfers credited to your account are provisional until the item clears and we receive final payment. If the item does not clear, we may charge your account for the amount of such items or ACH transfers and impose a return item charge on your account. Any collection fees we incur may be charge to your account. We reserve the right to refuse or return any item or funds transfer.
• Crediting of Deposits: Transactions made after the cut-off time or those made on holidays or days that are non-business days will be credited to the your account on the next business day.

Account Access

• Authorized Signature: Your signature on the membership application authorizes your account access and helps to protect you from unauthorized access. We are not liable for refusing to honor any item or instruction if we believe the signature is not genuine. If you have authorized the use of a facsimile signature, we may honor any check or draft that appears to bear your facsimile signature even if it was made by an unauthorized person. You authorize us to honor transactions initiated by a third person to whom you have given your account number even if you do not authorize a particular transaction.
• Access Options: You may withdraw or transfer funds from your account(s) in any manner we permit, (i.e. at an ATM, in person, by mail, Internet access, automatic transfer, or telephone). We may return as unpaid any check or draft drawn on a form we do not provide, and you are responsible for any loss we incur handling such a check or draft. We have the right to review and approve any form of power of attorney and may restrict account withdrawals or transfers. We are obligated to honor transactions initiated by power of attorney.
• Credit Union Examination: We may disregard information on any check or draft other than the signature of the drawer, the amount and any magnetic coding. You agree we do not fail to exercise ordinary care in paying an item solely because our procedures do not provide for sight examination of items.

Transaction Limitations

• Withdrawal Restrictions: Highmark Federal Credit Union pays drafts (checks), allows withdrawals, and makes transfers from available funds in your account. The availability of funds in your account may be delayed as described in our Funds Availability Policy Disclosure. We may refuse to allow a withdrawal in some situations, and will advise you accordingly; for example, if there is a dispute between account owners, (pending a court order to allow the withdrawal), a legal garnishment or attachment having been served; a loan is secured by that account; proper documentation has not been presented; or if a loan is not been paid on time.
• Transfer Limitations: We may limit the dollar amount or the number of transfers from your account. However, these limitations would be in accordance to your Truth-in-Savings Disclosure or Electronic Funds Transfer Agreement and Disclosure.

Overdrafts

• Payment of Overdrafts caused by Drafts, (Checks) or automatic transfer of funds: If, at any time, the available funds in your share savings or draft account is not sufficient to pay the full amount of a draft or transfer, posted to you account, plus any applicable fee (called an NSF fee) we have the latitude to return the overdraft. Highmark does not have to notify you if your account does not have sufficient available funds to pay an overdraft. You account may be subject to a charge for each overdraft regardless of whether we pay or return the overdraft. An overdraft protection plan with Highmark Federal Credit Union is an option that you could establish with us to ensure that we pay drafts and transfers from your account if you should ever reach an insufficient available funds balance.
• Order of Payments: Drafts, transfers, and other transactions may not necessarily be processed at Highmark Federal Credit Union in the order that you made them or in the order that we received them. The order in which we process drafts, items or other transactions may affect the total amount of overdraft fees that may be charged to your account. Please contact us if your have any questions about how we pay drafts, and process transactions and withdrawals.

Postdated And Staledated Drafts

Stop Payment Orders

• Stop Payment Order Request: Any owner may request a stop payment order on any draft or debit card POS drawn on the owner's account. The order must be in writing, dated, signed and must accurately describe the draft, including the exact account number, draft number, the exact amount of the draft and the payee. This exact information is necessary for Highmark Federal Credit Union's computer to identify the draft. We will not be responsible if we receive incorrect or incomplete information. Also Highmark Federal Credit Union must receive sufficient advance notice of the stop payment order over a valid and timely stop payment order to allow us reasonable opportunity to act on it.
• Duration of order: You may initiate an oral stop payment order that will lapse in fourteen (14) calendar days, unless followed up in writing within that time. Written stop orders are in effect for 6 months and may be renewed for an additional six (6) months by requesting the renewal in writing. We are not required to notify you when a stop payment order expires.
• Fees: Fees for stop payment orders are included in our Fee Schedule. You may not stop payment on any certified check, cashier's check, teller's check or any other draft that is guaranteed by us. Although payment of an item may be stopped, you may remain liable to any item holder, including us. Highmark Federal Credit Union is not liable for any costs, including attorney's fees, damages or claims related to our refusing payment of an item, including claims of any joint account owner, payee or endorsee in failing to stop payment of an item as a result of incorrect information provided by you.

Drafts (Checks) Presented For Payment In Person

Notices

• Name or Address Changes: It is the member's responsibility to notify Highmark Federal Credit Union of any address or name change. Highmark is required to attempt to communicate with the member at the most recent address provided to them. We may require all name and address changes to be provided in writing. If we attempt to locate you we may impose a service fee as set forth in the Fee Schedule.
• Notice of Amendments: We may change terms of our disclosures, except as prohibited by law. Highmark Federal Credit Union will notify you of any change in terms, rates or fees as required by law. Any changes of our terms do not affect our ability to enforce those changes.
• Effect of Notice: Any written notice you provide is effective when we receive it. Any written notice we give to you is effective when it is deposited in the US mail, postage prepaid and addressed to you at your statement mailing address. Notice to any account owner is notice to all account owners.

Taxpayer Identification Numbers And Backup Withholding

Statements

• Contents: If we provide a specific periodic statement for your account, you will receive a periodic statement of transactions and activity on your account during the statement period as required by applicable law. Highmark provides one statement for joint owners. Highmark does not return original cancelled drafts, (checks), but copies can be provided to you upon request of specific check numbers.
• Examination: The member is responsible for examining their statements as soon as they receive them and reporting any erroneous or unusual activity. If a member fails to report erroneous or unusual activity including forged, altered, unauthorized, unsigned, or otherwise fraudulent items drawn on your account, within 60 days of the statement date, Highmark Federal Credit Union can not be responsible for your loss. We will not be liable for any items that are forged or altered in a manner not detectable by a reasonable person, including the unauthorized use of a facsimile signature machine.

Inactive Accounts

Termination Of Account

Termination Of Membership

Death Of Account Owner