Blue Federal Credit Union’s Money Mover (Account to Account, A2A, or the “Service”) allows an Account Member/Owner to transfer money between an Account at Blue Federal Credit Union, also referred to as “Blue FCU”, and other verified external accounts. This Agreement governs the use of Blue FCU's A2A Service. By using the Service to conduct transfers, you agree to the terms of this Agreement. As used in this Agreement, "Account(s)" mean the Blue FCU account in which you are either the Member/Primary Owner or Joint Owner/Co-Borrower. "You," "your," and "Owner" refer to the Account Member /Primary Owner or Joint Owner/Co-Borrower(s) using the service. "We," "our," us," and "credit union" refer to Blue FCU that holds the Accounts.
- ACH Network: means the funds transfer system, governed by the NACHA Rules, which provides funds transfer services to participating financial institutions.
- ACH Rules: means the NACHA Operating Rules and NACHA Operating Guidelines, as in effect from time-to-time.
- Business Day: means any day that is not a Saturday, Sunday or bank holiday.
- Eligible Account: means your Blue Federal Credit Union share account that is eligible to be used with the Service and is enrolled in the Service.
- NACHA: means the National Automated Clearinghouse Association.
- Verified Account: means an Account that you own at another financial institution located in the United States that is enrolled in the Money Mover service.
Scope of Agreement:
This Agreement covers all funds transfers using the Money Mover service initiated by you from time-to-time through Blue FCU’s Online Banking service.
You will not be charged to use the Money Mover service on our Online Banking. Fees will be assessed in accordance with the Membership and Account Agreement with respect to Non-Sufficient Funds, Courtesy Pay, and Stop Payment fees (see Rates and Fees Schedule). NOTE: Your share and loan accounts are still subject to the fees, charges, balance requirements, etc. articulated in the Membership and Account and/or Loan Agreement(s) and by withdrawal or transfer limitations under Federal Regulation D. Your Account will be assessed fees in accordance with this regulation (see the Rates and Fees Schedule). Blue Federal Credit Union reserves the right to change the fees charged for the use of the Service.
Description of Service:
The A2A Service enables you to request a transfer of funds:
- from my Eligible Account to a Verified Account (held at another financial institution); or
- from a Verified Account to my Eligible Account.
Blue Federal Credit Union uses the ACH Network to execute my A2A requests, but other methods of transfer may also be used. All requests must be made through Blue FCU and are subject to the terms of the Membership and Account Agreement, this Agreement, each as in effect from time-to-time, other agreements and applicable laws and regulations.
In order to use the Service and to view and retain a copy of the terms and conditions contained in this Agreement, you understand that you must have a computer equipped with at least: a browser with 128-bit encryption; and either a printer or a disk drive or other electronic storage device. You understand that you can also copy of this Agreement by calling 307-432-5400 or 1-800-368-9328.
IMPORTANT: TO ENROLL IN THE A2A TRANSFER SERVICE YOU MUST CONSENT TO RECEIVE NOTICES AND INFORMATION ABOUT THE SERVICE ELECTRONICALLY. YOU MUST HAVE THE ABILITY TO RECEIVE AND RETAIN ELECTRONIC COMMUNICATIONS BEFORE YOU ACCEPT THE TERMS OF THE USER AGREEMENT FOR A2A TRANSFER SERVICE AGREEMENT. THE AGREEMENT SETS FORTH THE TERMS AND CONDITIONS UNDER WHICH YOU MAY FROM TIME-TO-TIME REQUEST A TRANSFER OF FUNDS IN YOUR BLUE FEDERAL CREDIT UNION ACCOUNT(S) TO AN ACCOUNT YOU OWN AT ANOTHER FINANCIAL INSTITUTION OR A TRANSFER FROM THAT ACCOUNT TO YOUR BLUE FCU ACCOUNT. THESE TERMS AND CONDITIONS AFFECT YOUR RIGHTS AND YOU SHOULD READ THEM CAREFULLY. BY CONFIRMING ACKNOWLEDGEMENT ABOVE, YOU CONSENT TO RECEIVE INFORMATION ELECTRONICALLY AND AGREE TO THE TERMS AND CONDITIONS SET FORTH IN THIS AGREEMENT. BLUE FCU RESERVES THE RIGHT TO PROVIDE INFORMATION AND NOTICES ABOUT THE MONEY MOVER TRANSFER SERVICE TO YOU BY NON-ELECTRONIC MEANS.
Authorization to Transfer Funds:
You hereby represent and warrant to Blue Federal Credit Union its directors, officers, employees and agents that you own each Eligible Account and Verified Account and have full right and authority to all the funds on deposit therein. In addition, you authorize the credit union to execute and charge your Eligible Account(s) for any A2A transfer request to a Verified Account and from a Verified Account to your Eligible Account, including any related fee, subject to any applicable limit as to dollar amount, time delays to complete certain types of transfers (i.e., next day or standard transfers) when your A2A transfer requests are made in accordance with the procedures established by the credit union. You understand and acknowledge that Blue FCU has no obligation to execute any request for a transfer using A2A that is not initiated in accordance with such procedures. You further acknowledge that the acceptance and processing of an A2A transfer request is subject to the terms and conditions stated in this Agreement, as amended from time-to-time. This authorization shall remain in full force and effect until you have informed the credit union that you have revoked your authorization and we have a reasonable opportunity to act on it.
Information Relied Upon by Blue Federal Credit Union:
You acknowledge and agree that Blue FCU is relying upon the information you provide in originating an A2A transfer on your behalf. Any errors in the information, including incorrect or inconsistent account names and numbers or the ABA number or name of the financial institution holding the Verified Account are your responsibility. Although you represent and warrant to us that you are the owner of each Verified Account and describe it to us by name and account number (or any other number), you understand and agree that if A2A transfer instructions identify a Verified Account by name and account number, the relevant financial institution may execute those instructions.
Limited Power of Attorney:
In connection with any request to transfer funds using the A2A service you hereby give the credit union limited power of attorney and appoint the credit union as your true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for you and in your name, place and stead, in any and all capacities, to originate deposits into or withdrawals from your Verified Accounts, with full power and authority to do and perform each and every item necessary to be done in connection with effecting such funds transfers, verifying the content and authenticity of any A2A transfer instruction, complying with all security procedures applicable to such transfers, as fully to all intents and purposes as you might or could in person. Once Blue FCU has actual knowledge that you wish to cease using the A2A service as provided in this Agreement or as otherwise permitted in this Agreement and has a reasonable opportunity to act on such knowledge, this limited power of attorney shall be deemed revoked; provided, however, that any act done by the credit union in good faith before we have actual knowledge of termination by you and a reasonable opportunity to act on such knowledge shall be deemed to be authorized by you. You understand and agree that at all times your relationship with the financial institution that maintains each Verified Account is independent of Blue FCU and your use of the Service. You shall not hold Blue FCU responsible for any acts or omissions by the financial institution maintaining a Verified Account with respect to it, including without limitation any modification, interruption or discontinuance of it.
YOU ACKNOWLEDGE AND AGREE THAT WHEN BLUE FEDERAL CREDIT UNION ORIGINATES A REQUEST FOR A TRANSFER USING THE A2A SERVICE BLUE FCU IS ACTING AS YOUR AGENT. YOU AGREE TO INDEMNIFY AND HOLD HARMLESS BLUE FCU AS YOUR AGENT UNDER THIS LIMITED POWER OF ATTORNEY AS MORE FULLY DESCRIBED BELOW.
You agree that Blue Federal Credit Union will initiate a funds transfer request for you only after you access your Eligible Account(s) through our Online Banking service using the customer identification number and personal identification number ("PIN"). Blue FCU shall not be liable for any delay in processing the A2A transfer request if you fail to comply with this security procedure (or any other that may be established by Blue FCU from time-to-time). You acknowledge and agree that the credit union has established commercially reasonable security procedure for the A2A service. You understand that the security procedure is designed to authenticate your identity before accepting a request for an A2A transfer and not to detect errors in the content of your instruction.
Verification of Accounts at Other Financial Institutions:
After agreeing to this Agreement and providing any additional information requested, you may enroll accounts that you hold at other financial institutions (each, a "Third-Party Account") in the Service. You hereby authorize the credit union to verify a Third-Party Account by one of two means:
- Confirmation of Trial Deposits. You authorize the credit union to verify your Third-Party Account through the use of a trial transfer, in which one or more low value payments will be credited to the account. Sometimes, a low value payment will be both credited to and debited from the account. The trial credit will always occur before the trial debit and will always be of the same or lesser amount. In either case, the credit union will then ask you to verify the amount of the each deposit made into such account.
- Online Verification. If your Third-Party Account is accessible online, you authorize the credit union to validate the account by providing us with my online access credentials so we can confirm your ownership of such account online. You understand and agree that: (a) you are under no obligation to provide us with my access credentials for your Third-Party Account, (b) we will use this Information to verify your ownership of the Third-Party Account only; and (c) will not retain the information about your access credentials, except during the period necessary to complete the verification process, after which it will be destroyed. Once the verification process is successful, each Third-Party Account will become a Verified Account.
Funds are credited to your account within three business days. The business day on which a request for a transfer is made begins at 2:00 p.m. MST and ends at 2:00 p.m. MST of the following business day. (Example: if Monday and Tuesday are both business days, you can make a "Monday" request up until 2:00 p.m. MT on Tuesday.)
A2A Transfer Limitations:
You understand that Blue Federal Credit Union may impose limits on external transfers based on accounts, amount of transfers, and amount of transfers per month; your relationship with Blue FCU, fraud screening, and other factors may affect these limits. Set limits are subject to change as we deem appropriate.
Furthermore, Federal Regulations limit the number of Electronic Funds Transfers, including A2A requests, from savings or money market accounts. You understand that Blue Federal Credit Union may limit transfers from these accounts to six per month/statement cycle. If you exceed this limitation, you understand that Blue FCU may access a fee for each transfer in excess of the six, may restrict my ability to do further A2A transfers, or may close the account.
Means of Transfer:
You understand that Blue Federal Credit Union uses a variety of banking channels and facilities to make funds transfers, but will ordinarily use the ACH Network. We may choose any reasonable means that we consider suitable to complete a transfer that you request using the Service. You authorize us to choose the means we deem suitable to cause each of your Money Mover transfer requests to be completed successfully. These other choices include banking channels, electronic means, funds transfer systems, regular or express mail, courier, telecommunications services, intermediary banks and other organizations. You agree to be bound by the rules and regulations that govern any applicable funds transfer systems, including, but not limited to, the ACH Network, NACHA, EPN, Federal Reserve System and Clearing House Interbank Payment System (CHIPS).
Currency of Funds Transfer:
The Money Mover service is available for funds transfers to and from Verified Accounts in the United States only and is made in U.S. dollars only.
Transfers Subject to the Rules of the Third-Party Accounts:
Additionally, all funds transfers are also subject to the rules and regulations governing the relevant Third-Party Accounts. You agree not to request any Money Mover transfers from or to Verified Accounts that are not allowed under the rules or regulations applicable to such accounts.
Delays, Non-Execution of Funds Transfer Request:
You agree that Blue Federal Credit Union shall not be responsible for any delay, failure to execute, or the incorrect execution of your funds transfer request due to circumstances beyond our reasonable control including, without limitation: any inaccuracy, interruption, delay in transmission, or failure in the means of transmission of your funds transfer request to the financial institution or execution of such request by the financial institution, whether caused by strikes, power failures, equipment malfunctions, or acts or omissions of any intermediary financial institution or beneficiary financial institution.
BLUE FEDERAL CREDIT UNION MAKES NO WARRANTIES, EXPRESS OR IMPLIED - INCLUDING THE FAILURE OF ANY INTERMEDIARY BANK OR BENEFICIARY BANK TO CREDIT MY BENEFICIARY WITH THE AMOUNT OF THE FUNDS TRANSFER AFTER RECEIPT OF SAME WITH RESPECT TO ANY MATTER.
Actions Taken Upon Unsuccessful Transfers:
If a requested funds transfer could not be completed, you understand that Blue Federal Credit Union, upon learning that the Money Mover transfer has failed, will make reasonable effort to complete the transfer again. If the second attempt is successful, the additional processing could delay the completion of the funds transfer by one or more business days. If the funds transfer fails a second time, we will notify you by email so that you may contact the financial institution where the Verified Account is held in order to understand the reason for such failure.
Rejection of a Transfer Request:
Blue Federal Credit Union reserves the right to reject your funds transfer request. We may reject your request if the dollar value of one or more of my transfer requests exceeds your daily or monthly transfer limits (as more fully described above), if you have insufficient available funds in your Eligible Account for the amount of the Money Mover transfer, plus any applicable fee, if your request is incomplete or unclear, if we identify a security risk related to a requested transfer or if we are unable to fulfill your request for any other reason. You understand and agree that if the credit union rejects a request for a Money Mover transfer for one or more of the reasons set forth above, you will be informed of the rejection during your online session or by email as soon thereafter as we have determined to reject the request.
No Unlawful or Prohibited Use:
As a condition of using the Service, you warrant to Blue FCU that you will not use the Service for any purpose that is unlawful or is not permitted, expressly or implicitly, by the terms of this Agreement or by any applicable law or regulation. You further warrant and represent that you will not use the Service in any manner that could damage, disable, overburden, or impair the Service or interfere with any other party's use and enjoyment of such Service. You may not obtain or attempt to obtain any materials or information through any means not intentionally made available or provided for through the Service. You agree that these warranties and representations will remain in full force and effect even if this Agreement terminates for any reason.
You submit to the jurisdiction of, and this Agreement shall be governed by the laws of, the State of Wyoming, as well as the federal laws of the United States of America. Venue for any action arising out of this Agreement shall be in a state court of competent jurisdiction covering Laramie County, Wyoming, U.S.A. The prevailing party in any such action shall be entitled to the recovery of its reasonable attorney’s fees, costs, and expenses.
Claims; Limitation of Liability; No Warranty:
You agree that within 30 days after you receive notification that your Money Mover transfer request has been executed, you will tell us of any errors, delays, or other problems related to your request. If your funds transfer request is delayed or erroneously executed as a result of Blue FCU's error, our sole obligation to you is to pay or refund such amounts as may be required by applicable law. Any claim for interest payable by Blue FCU shall be at our published savings account rate in effect within the state of the financial center of the account from which the funds transfer was made. In any event, if you fail to notify us of any claim concerning your funds transfer request within one year from the date that you receive notification that your request has been executed, any claim by you shall be barred under applicable law.
YOU AGREE THAT BLUE FEDERAL CREDIT UNION SHALL NOT BE LIABLE FOR ANY COSTS, FEES, LOSSES OR DAMAGES OF ANY KIND INCURRED AS A RESULT OF (i) YOUR GRANTING US AUTHORITY TO VERIFY A THIRD-PARTY ACCOUNT; (ii) OUR DEBIT AND/OR CREDIT OF A VERIFIED ACCOUNT OR OUR INABILITY TO DEBIT AND/OR CREDIT SUCH ACCOUNT(S) IN ACCORDANCE WITH YOUR A2A TRANSFER INSTRUCTIONS; (iii) ANY INACCURATE OR INCOMPLETE INFORMATION RECEIVED FROM ANOTHER FINANCIAL INSTITUTION IN CONNECTION WITH VERIFYING A THIRD-PARTY ACCOUNT OR EXECUTING A TRANSFER WITH A VERIFIED ACCOUNT; (iv) ANY CHARGES IMPOSED BY THE FINANCIAL INSTITUTION HOLDING A VERIFIED ACCOUNT; AND (v) ANY TRANSFER LIMITATIONS SET BY A FINANCIAL INSTITUTION HOLDING A VERIFIED ACCOUNT. IN NO EVENT IS BLUE FEDERAL CREDIT UNION RESPONSIBLE FOR ANY INCIDENTAL OR CONSEQUENTIAL DAMAGES OR EXPENSES ARISING IN CONNECTION WITH YOUR A2A TRANSFER REQUEST. EXCEPT AS MAY BE EXPRESSLY SET FORTH IN THIS AGREEMENT, BLUE FEDERAL CREDIT UNION, ITS DIRECTORS, OFFICERS, EMPLOYEES AND AGENTS HEREBY DISCLAIM ALL WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED.
In consideration of the Agreement by Blue Federal Credit Union to act upon your request to make an A2A transfer in the manner provided in this Agreement, you agree to indemnify and hold Blue FCU, its directors, officers, employees and agents harmless from and against any and all claims, suits, judgments, executions, liabilities, losses, damages, costs, and expenses - including reasonable attorney's fees - in connection with or arising out of our acting upon Money Mover transfer instructions pursuant to this Agreement. This indemnity shall not be effective to relieve and indemnify Blue FCU against its gross negligence, bad faith, or willful misconduct.
Cancellations, Amendments or Recalls of a Transfer Request:
You may cancel or amend a funds transfer request only if we receive your request prior to our execution of the funds transfer request and at a time that provides us with a reasonable opportunity to act upon that request. If your funds transfer request has been executed by the credit union, you understand and agree that the request to recall or amend the funds transfer will be effective only with the voluntary consent of the financial institution holding the Verified Account. If you decide to recall or amend your funds transfer and your request has already been executed by the credit union, we will first have to check with the beneficiary bank to determine whether or not the beneficiary bank will return your funds. If the beneficiary bank confirms that the funds are returnable and agrees to do so, once the funds are returned to us by the beneficiary bank, we will return the funds to you. The amount that is returned to you may be less than you originally transferred because of service charges of the beneficiary bank and/or Blue FCU. Blue FCU shall not be liable to you for any loss resulting from the failure of the beneficiary bank to agree to a recall or amendment of your funds transfer request.
Unauthorized Money Mover Transfers:
You understand that if you think that someone else has learned my access credentials for Online Banking or an unauthorized transfer or other type of online transaction has been made from one of my accounts, you must notify the credit union immediately by telephone or, if you are unable to telephone us, in writing to: Blue Federal Credit Union, P.O. Box 3200, Cheyenne, WY, 82003. By providing such prompt notice, you may limit your personal liability for unauthorized transfers.
Changes to and/or Termination of Agreement:
You agree that we reserve the right to change the terms and conditions of this Agreement as required by law or credit union policy. Unless otherwise required by law, we may amend this Agreement without prior notice to you. Blue Federal Credit Union may modify or discontinue the Service, with or without notice, without liability to you at any time. If we choose to notify you of an amendment or are required to do so by law, we may ask you to agree to an amended version of this Agreement electronically, or mail or deliver a separate notice, statement message or electronic message to you at the last address we have on file for you. We reserve the right, subject to applicable law and regulation, to terminate your right to use the Service at any time and for any reason, including, without limitation, if we, in our sole judgment, believe you have engaged in conduct or activities that violate any of the terms of this Agreement or, if you provide us with false or misleading information or interfere with other users or in the administration of the Service.
Ownership and Proprietary Rights:
You acknowledge and agree that Blue Federal Credit Union and its agents own all rights in and to the Service. You are permitted to use the Service only as expressly authorized by this Agreement. You may not copy, reproduce, distribute, or create derivative works, reverse engineer or reverse compile the technology for the Service or any of our other services or technology.
Authorization of Consent and Agreement:
By acknowledging your acceptance of this Agreement or by using Blue Federal Credit Union’s Money Mover (Account to Account or A2A) Service, you agree to be legally bound by and to adhere to all of the terms and conditions of the Agreement and of any other documents, whether in written or electronic form, which we may provide to you from time-to-time and which contain additional provisions or instructions applicable to the Service, and to any amendments made thereto.