EDeposit TERMS & CONDITIONS

Members Preferred Credit Union (referred to as "the Credit Union" or "we" hereafter) and the below named member(s) ("member" or "you") hereby agree to the following:

1. Eligibility and Statement of Application

   Member hereby applies for EDeposits (hereafter referred to as "the Service"). Use of the Service constitutes acceptance of these Terms and Conditions. In order to remain eligible for the Service, member must adhere to the requirements of the Terms and Conditions. From time to time, the Credit Union may announce additional features and/or changes that become available through the Service.

   As used in this Agreement, the term:

   • Tracking ID means an online-generated tracking number issued by the Credit Union. The tracking ID will automatically be populated onto each Deposit Receipt.
   • EDeposit Detail means the deposit detail form required for submission of checks when using the Service. This Deposit detail form will automatically generate when you complete the Online Deposits process. This Deposit detail form and the associated checks must be mailed to the Credit Union using a pre-printed Deposit Envelope.
   • Deposit Envelope means the Credit Union’s pre-printed envelope that is recommended for mailing Online Deposits. Deposit Envelopes are supplied by the Credit Union and may be ordered by emailing the Credit Union at mpcu@medpro.org, calling us at 208-523-0090 or by visiting any branch location. Members are limited to five (5) envelope orders per month.
   • Infraction means inappropriate usage of the Service that results in an account adjustment (e.g. correction, reversal) and/or delays the Credit Union’s ability to process the deposit. Members who incur three (3) infractions will be restricted from further use of the Service.
2. Access

   Access to the Service will be by means of your PCU Log on User ID and Password. The Credit Union’s Electronic Fund Transfer Disclosure governs use of PCU and your User ID and Password.

3. Enrollment

   By selecting the “Submit” button at the bottom of the EDeposit Terms and Conditions screen, you acknowledge that you have read and agree to the terms and conditions of the Service as outlined in this Agreement. In addition, you acknowledge that you are able to access this information in electronic form through the Internet.

4. About Online Deposits

   The Service allows you to log into PCU and post certain check deposits for immediate credit using the EDeposits tab under Account Preferences. The maximum outstanding EDeposits amount at any one time is $5,000.00. The Credit Union reserves the right to remove or decrease this amount at any time with no prior notice to you. Generally, the Credit Union will give same day availability on the funds you deposit; however, we may hold funds you deposit in accordance with the Credit Union’s Funds Availability policy.

   To use this Service, you must:

   • Have a Credit Union membership account in good standing.
   • Be registered to use PCU.
   • Have a Credit Union share draft account.
   • Mail a Deposit Receipt with each e-Deposit Envelope.
   • Use the pre-printed Deposit Envelopes provided by the Credit Union. Should you choose to use your own envelope, it must be addressed exactly as follows:

   Members Preferred Credit Union
   P. O. Box 2200
   Idaho Falls, ID 83403-2200
   Tracking ID:

   Note: Failure to address the envelope properly may delay the processing of your deposit, resulting in an infraction and a late fee.

   • Maintain a valid e-mail address with the Credit Union. Properly endorse all checks. All parties must endorse checks.
   • Write your Account Number and “For Deposit Only” under your signature on the back of each check.
   • Ensure that your deposit is received by the Credit Union within seven (7) Calendar Days of your posting the deposit online, or you will incur an infraction and the deposit will be reversed from the account.
   • Ensure that all check information (check number, date and amount) matches the information on the Deposit Receipt exactly.
   • Have access to a printer to print the Deposit Receipt.
   • Comply with these Terms and Conditions and all other requirements of the Credit Union.

   A fee will be assessed for adjustments made to your account in connection with the Service, and there may be other fees applicable to your use of the Service. Refer to the Credit Union Fee Schedule.

   DO NOT:

   • Use the Service to deposit cash, bonds, or non-negotiable items.
   • Use the Service to deposit checks drawn on a foreign financial institution.
   • Include any other Credit Union correspondence in the Deposit Envelope.
   • Staple or clip the check(s) or Deposit Receipt.
   • Submit the checks at a Credit Union ATM.

   Failure to comply with these Terms and Conditions may result in a fee being assessed to your account (refer to the Credit Union Fee Schedule) and you no longer being eligible to use the Service.

5. Liability for Unauthorized Transfers

   Notify us AT ONCE if you believe your User Id or Password has been lost/stolen or used without your permission. Telephoning us is the best way of limiting your potential losses. If you tell us within two (2) Business Days after you learn of the loss or theft, you may be liable for up to $50 if someone used your Password without your permission.

   If you do NOT tell us within two (2) Business Days after you learn of the loss or theft of your Password, and we determine we could have prevented unauthorized use, you could lose as much as $500.

   Also, if your statement shows payments that you did not make, notify us at once. If you do not notify us within sixty (60) days after the statement was mailed to you or made available through eStatements, you may not get back any money you lost after the sixty (60) days if we can determine that we could have prevented someone from taking the money if you had notified us in time. If a good reason (such as a long trip or hospital stay) prevented you from notifying us, we may extend the time periods.

   If you believe your Password has been lost or stolen, immediately change your PIN through PCU under preferences at www.mpcu@medpro.org.

6. Our Liability

   The Credit Union will use commercially reasonable efforts to post your deposits properly to the account indicated when you use the Service properly and comply with these Terms and Conditions. However, the Credit Union shall incur no liability if it is unable to complete a deposit instruction initiated by you through the Service because of any one or more of the following circumstances:

   • Member error.
   • Member failure to comply with these Terms and Conditions.
   • Late arrival of a deposit.
   • If the Service equipment or software was not working properly and you knew about the malfunction when you started the transaction.
   • You have not provided complete or correct information.
   • Circumstances beyond our control (e.g. fire, flood or interference from outside sources) prevent processing of the deposit despite reasonable precautions on our part.

   We shall not be responsible for any loss or damage caused by the Service. Nor shall we be responsible for any late fees, direct, indirect or consequential damages arising from the use or maintenance of the Service. The Service is provided "as is" without any warranty of any kind, either expressed or implied, including but not limited to the implied warranties of fitness for a particular purpose or warranties of merchantability.

7. Disputes

   In the event of a dispute regarding the Service, you and the Credit Union agree to resolve the dispute by looking to this Agreement. Member agrees that any dispute that arises under this Agreement must be filed and litigated in Bucks County, Pennsylvania.

8. No waiver

   The Credit Union shall not be deemed to have waived any of its rights or remedies hereunder unless such waiver is in writing and signed by a Credit Union officer. No delay or omission on the part of the Credit Union in exercising any rights or remedies shall operate as a waiver of such rights or remedies or any other rights or remedies. A waiver on any one occasion shall not be construed as a bar or waiver of any rights or remedies on future occasions.

9. Amendment and Termination

   The Credit Union may amend these Terms and Conditions at any time or terminate the Service to any member or all members at any time for any reason, with or without notice. Amendment of these Terms and Conditions or termination of the Service shall not affect the member’s liability or obligation hereunder. Continued use of the Service will constitute acceptance of any new or amended Terms and Conditions.

10. Governing Law

    This Agreement shall be governed by and construed in accordance with the laws of the State of Idaho.

11. Errors and Questions

    Refer to Section 11. Billing Errors of the Electronic Funds Transfer Agreement Disclosure.