ONLINE BANKING

 

This section contains terms, conditions and disclosures which are applicable to our computer-based Internet banking services.  The computer-based Internet banking services give you access to your Account(s) 24 hours a day, seven days a week.

 

Eligibility for Service:

To be eligible for Internet banking services you must maintain accounts with Bank and have an Internet Email address.

 

Account Access:

Through Bank’s Internet banking services, you can access any Checking Account, Certificate of Deposit, Money Market or Savings Account(s) and Loan Accounts selected by you.  You will not be permitted to access any Account unless Bank’s records indicate you are an owner of the Account.

 

Available Services:

You can use Bank’s Internet banking services to:

A  Obtain balance information and statements for any Account(s) linked to your card;

B  Review recent transaction details;

C Transfer funds between your Accounts and view transfers performed and/or requested;

D Request promotional information and applications about most Bank products and/or services;

E  Send electronic mail to various departments within Bank; and

F  View current Bank rates.

 

Equipment:

Internet banking can be used with a personal computer equipped with a modem.  Bank shall not be responsible for any attempted use of Internet banking services on equipment or for transaction errors or failure resulting from the malfunction or failure of the equipment you use.  In no event shall Bank be liable for any loss, damage or injury from whatever cause, nor shall Bank be liable for any direct, indirect, special or consequential damages arising from or connected in any way with the use or maintenance of the equipment.

 

Service Charges:

You may be charged a fixed fee per month for the use of Internet banking services.  There also may be a charge for transactions and other optional services.  You agree to pay any charges applicable to your use of Internet banking services.  The charges are subject to change ay any time.  A current list of charges can be found in Bank’s Schedule of Fees, which is available in writing from Bank.  You also agree to pay the usual service charges imposed on your Account, including any fees for failing to maintain a specified minimum balance.

 

Termination of Service:

You may terminate your use of Internet banking services at any time by giving Bank 5 business days advance notice.  Bank may terminate your use of these services at any time without prior notice.

 

 

 

Legal Process:

A  In the event Bank is served with levies, attachments, garnishments, summons, subpoenas, court orders or other legal process which name any Account Holder on the Account as debtor or otherwise, Bank shall be entitled to rely upon the representations, warranties and statements made in such legal process.  Account Holder agrees that Bank may respond to any such legal process in its own discretion without regard to jurisdiction.  Account Holders on the Account agree jointly and severally to hold harmless and indemnify Bank for any losses, expenses and costs, including attorney’s fees, incurred by Bank as a result of complying with such legal process.

B  In the event Bank receives written notice from a personal representative, executor or administrator purporting to represent Account Holder’s estate, Bank shall be entitled to rely on all figures supplied and representations made in such written notice if Bank is provided with letters of appointment bearing a duly recognized court seal without regard to jurisdiction.

 

Applicable Laws:

This agreement is entered into in Cherry Hill, NJ, and shall be governed by the laws of the State of New Jersey and of the United States, and any rule or regulation of the State of New Jersey or a federal agency having jurisdiction over Bank.  The rights of the Bank under this Agreement are cumulative of all other rights Bank may have by law or otherwise.

 

Amendments:

Unless applicable law provides otherwise, this Agreement may be amended by written notice sent by first-class mail to Account Holder at Account Holder’s last address known to Bank to be effective not less than thirty (30) days after the day mailed.  Bank shall not be bound by any modification of this Agreement unless Bank expressly agrees to the modification in writing.  Account Holder shall have the right to terminate the Account prior to the effective date of amendment.  This Agreement supersedes all prior Agreements and Amendments.

 

Severability:

Any term contained in this Agreement which is or becomes invalid or unenforceable under applicable law or regulation, shall not affect the validity or enforceability of the remaining terms.

 

Assignment: We may assign or delegate any of our rights or obligations under this Agreement to independent contractors or other third-party organizations without affecting the enforceability hereof.  Your rights may not be assigned or transferred without our written consent.

 

Collection Fees: If Bank initiates any legal action to collect money owed to Bank under this agreement, you agree to pay all Bank costs for such action, including attorney’s fees and costs.