HOLD YOUR HORSES!
WHAT'S IN YOUR WALLET?
LIONS, TIGERS, AND EFT, OH MY!
IT'S MY RIGHT!
SAY IT ISN'T SO!
100
In a check hold, this is the amount typically available on the 1st business day after the date of deposit.
What is $200?
100
This is the maximum dollar amount that can be withdrawn daily at an ATM.
What is $600?
100
The amount of time members have to inform TNConnect of erroneous electronic transactions on their account.
What is 60 days after the statement was mailed?
100
If all of a member's check deposit is not immediately made available, TNConnect must provide this in writing to the member.
What is check hold information?
100
This regulation limits the number of preauthorized or automatic withdrawals from a savings account.
What is Reg D?
200
This disclosure describes a member's ability to withdraw funds from the TNConnect account.
What is the Funds Availability Disclosure?
200
This is how many POS transactions can be done daily with a debit card.
What is 20?
200
This 2010 change to Reg E requires TNConnect to let members choose whether or not they want Courtesy Pay to cover Everyday Debit card and ATM transactions.
What is Extended Coverage?
200
This the arrangement a member agrees to when they no longer want a pre-authorized electronic payment to be deducted from their account.
What is a stop payment?
200
This is how many preauthorized or automatic withdrawals may be done from a savings account per month.
What is 6?
300
If you are a new member, this the period of time in which special rules allow more scrutiny of your check deposits.
What is 30 days?
300
This fee is imposed on debit card transactions originating outside of the U.S.
What is the 1% Foreign Transaction Fee?
300
The INITIAL number of days TNConnect has to determine whether an electronic error has occurred, based on notification from a member.
What is 10 days?
300
These types of member deposits are always made available immediately, even on new accounts.
What is an Electronic Direct Deposit?
300
Withdrawals from a savings account to another TNConnect account or to a third party, that are preauthorized, automatic, done by Internet transfer, phone request, check, draft, debit card, or similar order.
What are transactions that count as one of the 6 Reg D withdrawals per month?
400
This is the maximum number of days a hold can be placed on a check.
What is 7 business days?
400
This nation-wide surcharge-free ATM network is available to TNConnect members.
What is the MoneyPass network?
400
TNConnect is required by law to provide this disclosure addressing electronic activity when every new account is opened.
What is the Electronic Funds Transfers Agreement and Disclosure?
400
In addition to the Primary account owner, this person is authorized to act for all account owners, and may issue orders and instructions regarding any EFT transaction.
What is a Joint Account owner?
400
Withdrawals from a savings account made in person, by mail, ATM, by phone (ONLY when the check is mailed directly to the member's home address), and payment transfers to loans with TNConnect.
What are unlimited transactions?
500
TNConnect defines this as every day except for Saturdays, Sundays, and Federal holidays.
What is a business day?
500
The amount of life insurance coverage TNConnect members have when using their Debit cards to purchase fares on planes, trains, and other common carriers.
What is $200,000?
500
This required document must be provided to members with checking accounts or when EFT activity occurs on a savings-only account.
What is a monthly statement?
500
When a member instructs TNConnect to stop payment on a preauthorized electronic item, and we fail to do so, allowing the item to clear from the member's account.
What is the credit union's liability for failure to stop payment?
500
This may happen when a member has had repeated overdrafts on their account, or if TNConnect has reason to think the check will not be paid, or if a member deposits checks totaling more than $5,000 in any one day.
What is an Exception Hold?
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