ATM & RDC
What does 'RDC' stand for?
Remote Deposit Capture
When can you place a hold on a check?
Any time you have doubt or have suspicions about the check.
What does 'EFT' stand for?
Electronic Funds Transfer
If you deposited a $500.00 check through the ATM, how much can you get immediately?
$250.00
Can you place a hold on a post dated or stale dated check?
Yes
Give an example of an EFT transaction
- ACH
- ACHO
- Internet Banking
- Bill Pay
When do you get the rest of your funds after depositing $500 or more?
Second business day by midnight.
Where on JUICE do you go to see or add holds?
F7 or 'Holds' from Inquiry Menu
Is a wire transfer considered EFT?
No
What do members do to sign up for the RDC?
Sign our disclosure.
When you place a hold after a member has left, how long do you give them notice?
One business day
What types of disclosure are required for EFT services?
- member packet
- periodic statements
- receipts for ATM transactions
When a member tries to do an RDC, what goes on the back of the check?
- Write 'RDC' or check the box that says "Remote Deposit Only.'
- Date
- Sign
What is Reg CC?
- Funds Availability Act
- When can a member's funds be available after depositing.
How many days do we have to respond once a member notifies us of an EFT error?
60 days