VISA®
Check Card Application
Please read the following
disclosure before proceeding to the application.
Legend Bank's service area is Texas,
Oklahoma, New Mexico, and Louisiana.
ATM SERVICE
Legend Bank ATMs will be accessible 24 hours a day at convenient bank locations in Bowie, Nocona,
Decatur, and Henrietta. You may use your card to make transactions pertaining to checking and savings accounts, including cash withdrawals, deposits, transfers, and balance inquiries. Cards may be used at any other Network-Driven ATMs including PULSE, STAR, HONOR, and CIRRUS.
In addition, you may use your card at any merchant that displays the PULSE PAY SYMBOL. There will be no charge for Pulse Pay transactions; however, other off-site transactions are subject to foreign transaction fee.
FEES & CHARGES
ATM replacement cards - $5.00
Maximum Daily Withdrawal - $300.00
ATM transactions at out ATMs - No charge
ATM foreign transaction - $1.00
ATM service charge each month per card -
No Charge
NOTICE REGARDING ATM FEES BY OTHERS – If you use an automated teller machine that is not operated by us, you may be charged a fee by the operator of the machine and/or by an automated transfer network.
DEFINITIONS/GLOSSARY OF TERMS
SINGLE AUTHORIZATION LIMIT:
This section establishes limits on each single transaction type: single sale and/or single cash advance. The single Authorization Limit Section affects both the maximum number of authorizations per day and the total merchandise and cash authorization limits. At
Legend Bank Bowie 80% of balance.
DAILY AUTORIZATION LIMIT:
This section establishes daily authorization limits that control all cash advance transactions as well as merchandise transactions. The fields in this section also establish how the system calculates ATM cash advances and all other cash advances. Remember that ATM limits are driven by the processor. Be sure to make sure that the limits on the ATM & the limits on FDR are consistent.
TOTAL AUTORIZATION LIMITS:
This section controls both the total dollar amount and percentage limits for a merchandise and cash advances outstanding authorizations that are on file at any given time. The fields in this section determine how the system handles Cardholder authorizations that exceed limits that you establish.
AUTHORIZATION EXCEPTION REPORTING:
This section establishes the criteria for placing an account on an exception report. You monitor authorizations through a series of exceptions reports which display excessive declined or approved authorization activity based upon criteria that you establish.
EXAMPLE:
SINGLE AUTHORIZATION LIMIT
The entries in the following fields determine the largest authorization dollar amount and a percent for a single merchandise purchase. When you choose one option over another, write the dollar amount OR the percentage that you would like to select in the box. Choose one or the other and write the dollar amount OR the percentage that you would like in the box provided.
POLICIES AND PROCEDURES
CORRECTING ERRORS
If you think your statement or receipt is wrong, or if you need more information about a transfer listed on the statement, please contact us as soon as possible. We must hear from you no later that 60 days after we sent you the FIRST statement on which the problem or error appeared.
1. Tell us your name and account number
2. Describe the error or the transfer you are unsure about, and explain clearly why you believe it is an error or why you need more information.
3. Tell us the dollar amount of the suspected error. If you tell us orally, we may require that you send us your complaint or question in writing within 10 business days. We will tell you the results of our investigation within 10 business days after we hear from you and will correct any error promptly. If we need more time, however, we may take up to 45 days to investigate your complaint or question. If we decide to do this, we will recredit your account within 10 business days for the amount you think is in error, so that you will have use of the money during the time it takes us to complete our investigation. If we ask you to put your complaint or question in writing and we do not receive it within 10 business days, we may not recredit your account. If we decide that there was no error, we will send you a written explanation within 3 business days after we finish our investigation. You may ask for copies of the documents that we used in our investigation.
RIGHT TO DOCUMENTATION
ATM TRANSFERS. You can get a receipt at the time you make any transfer to or from your account using one of our automated teller machines.
DIRECT DEPOSITS. If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you can call us to find out whether or not the deposit has been made.
PERIODIC STATEMENTS. You will get a monthly account statement for your Checking and Money Funds Accounts. You will get a monthly account statement for your Savings Accounts, unless there are no transfers in a particular month, In any case, you will receive a statement at least semi-annually.
RIGHT & PROCEDURE TO STOP PAYMENT
If you have told us in advance to make regular payments out of your account, you can stop any of these payments by doing the following. Call or write to us at any of our branches listed above in time for us to receive your request 3 or more business days before the payment is scheduled to be made. If you call, we may also requires you to put your request in writing and get it to us within 14 days after you call. (We will charge you $17.50 for each stop-payment order you give.) If you order us to stop on one of these payments and we fail to do so, we will be liable for your losses or damages. NOTE: Consumers must revoke their authorizations for electronic debit activity directly with the originator.
LIABILITY FOR FAILURE TO MAKE TRANSFERS
If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:
If, through no fault of ours, you do not have enough money in your account to make the transfer.
If the automated teller machine where you are making the transfer does not have enough cash.
If the terminal or system was not working properly and you knew about the break-down when you started the transfer.
If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken.
There may be other exceptions stated in our agreement with you.
DISCLOSURE ACCOUNT INFORMATION TO THIRD PARTIES
We will disclose information to third parties about your account or the transfers you make:
1. Where it is necessary for completing transfers
2. In order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant
3. In order to comply with government agency or court orders
4. If you give us written permission
BANK POLICIES
CHECK CLEARING POLICIES
Our policy is to make funds from your deposits available to you on the first business day after the day we receive your deposit. AT that time, you can withdraw the funds in cash, and we will use the funds to pay checks that you have written. For determining the availability of funds (in case of a hold being placed on your deposit), every day is a business day except Saturday, Sunday, and Federal Holidays. Our cut-off times for deposits to be credited on day of deposit are as follows:
3:00 pm Monday thru Friday all deposits made after 3:00 pm on Friday and during business hours on Saturday will be posted on the next business day.
LONGER DELAYS MAY APPLY
The time when deposited funds are available for withdrawal may be extended in some instance on a case-by-case basis when one or more of the following occur:
We believe a check you deposit will not be paid.
Checks deposited total more than $5,000.00 on any one day.
You re-deposit a check that has been returned unpaid.
You have overdrawn your account repeatedly in the last six months.
There is an emergency such as failure of communications of computer equipment.
(We will notify you if we delay a withdrawal of funds for any of these reasons, and will tell you when the funds will be available. The funds will generally be available no later than the FIFTH business day after the day of your deposit. Customers may ask to determine when any particular deposit will be available for withdrawal.)
SPECIAL RULES FOR NEW ACCOUNTS
If you are a new customer, the following special rules will apply during the first 30 days your account is open:
The first $5,000.00 from a deposit of U.S. Treasury checks will be available on the first business day after the day of your deposit. The excess over $5,000.00 will be available on the ninth business day after the day of your deposit. Funds from wire transfers will be available on the first business day after we receive the transfer.
Funds from electronic direct deposits to your account will be available on the day we receive the deposit.
Funds from deposits of cash and the first $5,000.00 of a day’s total deposits of cashiers, certified, travelers, and state and local government checks will be available on the first business day after the day of your deposit, if the deposit meets certain conditions. For example, the checks must be payable to you and must have a bank officer’s approval for immediate withdrawal. The excess over $5,000.00 will be available on the ninth business day after the day of the deposit. If you do not make the deposit in person to one of our employees the first $5,000.00 will be available the second business day after your deposit. Funds from all other checks deposited will be available on the FIFTH business day after the day of your deposit.
UNAUTHORIZED OR MISSING SIGNATURES
If you have indicated that more than one signature is required in connection with a check, draft, or other order or instructions for the payment, transfer or withdrawal of funds (an item) drawn on your account the bank will have no liability to you if an Item is deposited to or paid against your account with fewer than that number of signatures if at least one required signature appears on the Item.
DATES AND SPECIAL INSTRUCTIONS ON CHECKS
The Bank may, without inquiry, pay one of your checks even through: Special instructions written on that check indicate that the Bank should refuse payment. The check is more than 6 months old, even if it has knowledge of the date on the check. Or the check is presented for payment before the date on the check (a “post-dated” check). The Bank will have no liability for paying a post-dated check, unless you have given the Bank a notice of the postdating of the check (a “notice of postdating”) in a time and manner that affords the Bank a reasonable opportunity to act on it before paying, accepting, certifying, cashing, or other wise becoming obligated to pay it, all as provided in the Uniform Commercial Code (the “UCC”) as enacted in the state in which presentment occurs.
ELECTRONIC FUNDS DISCLOSURE STATEMENT
Funds from electronic direct deposits to your account are available on the day we receive the deposit. The Electronic Fund Transfers we are capable of handling are indicated below, some of which may not apply to your account. Please read this statement carefully because it discloses your rights and obligations for these transactions. You should keep this notice for future reference:
DIRECT DEPOSIT: You may make arrangements for certain direct deposits to be accepted into your checking or savings accounts
PRE-AUTHORIZED WITHDRAWALS: You may make arrangements to pay certain recurring bills from your checking accounts.
AUTOMATIC TELLER TRANSACTIONS (ATM): You may make arrangements to pay certain recurring bills from your checking accounts.
AUTOMATIC TELLER TRANSACTIONS (ATM): You may use your card to: Withdrawal cash from your checking or savings account. Make deposits to your checking or savings accounts. Transfer funds between your checking and savings accounts whenever you request.
LIMITATIONS ON DOLLAR AMOUNTS WITHDRAWALS
Numerous withdrawals from any ATM terminal each business day, not ot exceed $300.00.
CHARGES FOR TRANSFERS:
We will not charge you for any transaction conducted at one of our ATMs. We will charge $1.00 for any transaction-transfer or withdrawal or balance inquiry that is not at one of our ATMs.
ATM service charge each month per card -
No Charge.
Tell us AT ONCE if you believe your ATM care has been lost or stolen. Telephone is the best way of keeping your possible loses down. If you believe your card has been lost or stolen, and you tell us within 2 business days after you learn of the loss or theft: you can lose no more the $50.00 if someone used your card without permission. If you DO NOT tell us with 2 business days after you learn of a loss or the theft of your card, (and we an prove we could have stopped someone from using your card without your permission had you told us) you could lose as much as $500.00. In case of errors or questions about your Electronic Transfers, telephone or write to us at the following locations:
The Legend Bank
P.O. Box 1081 Bowie TX 76230-1081
(940) 872-221 – Fax (940) 872-6274
Alvord Banking Center
P.O. Box 66 Alvord TX 76225-0066
(940) 427-5575 Fax (940) 427-5573
Dayton Banking Center
501 N. Cleveland Dayton TX 77505-0050
Decatur Banking Center
P.O. Box 1001 Decatur TX 76234-1001
(940) 627-1553 Fax (940) 627-7410
Henrietta Banking Center
P.O. Box 300 Henrietta TX 76365-0300
(940) 538-5112 FAX (940) 538-5147
Nocona Banking Center
P.O. Box 419 Nocona TX 76255-0419
(940) 825-3361 Fax (940) 825-3855
Whitesboro Banking Center
P.O. Box 218 Whitesboro, TX 76273
(903) 564-5606 Fax (903) 564-5855
YOUR DEPOSIT ACCOUNT TERMS AND CONDITIONS
AGREEMENT:
These terms govern the operation of this account unless varied or supplemented in writing. Unless it would be inconsistent to do so, words and phrases used in this document should be construed so that the singular includes the plural and the plural includes the singular. As used in this form the words “we: “our” or “us” mean the financial institution and the words “you” or “your” mean the account
holder(s). “Party” means a person who, by the terms of the account, has a present right, subject to request to payment from a multiple-party account. This account may not be transferred or assigned without our written consent.
LIABILITY:
Each of you agrees, for yourself (and the person or entity you represent if you sign as a representative of another) to the terms of this account and the schedule of charges that may be imposed. You authorize us to deduct these charges as accrued directly from the account balance. You also agree to pay additional reasonable charges we may impose for services you request which are not contemplated by this agreement. Each of you also agrees to be jointly and severally liable for any account deficit resulting from charges or overdrafts, whether caused by you or another authorized to withdraw from this account, and the costs we incur to collect the deficit including, to the extent permitted by law, our reasonable attorney’s fees.
DEPOSITS:
Any items, other than cash, accepted for deposit (including items drawn “on us”) will be given provisional credit only until collection is final (and actual credit for deposits of, or payable in, foreign currency will be at the exchange rate in effect on final collection in U.S. dollars). Unless otherwise disclosed, interested on non-consumer accounts will be paid only on collected funds, subject to minimum balance or other limitations, if any. We are not responsible for transactions initiated by mail or outside depository until we actually record them. All transactions received after our “daily cut-off time” on a business day we are open, or received on a day in which we are not open for business, will be treated and recorded as if initiated on the next following business day that we are open.
WITHDRAWALS:
Unless otherwise clearly indicated on the account records, any one of you who signs this form including authorized signers, may withdraw or transfer all or any part of the account balance at any time on forms approved by us. Each of you (until we receive written notice to the contrary) authorizes each other person signing this form to endorse any item payable to your or your order for deposit to this account or any other transaction with us. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to give us a reasonable opportunity to act. The fact that we may honor withdrawal requests which overdraw the finally collected account balance does not obligate us to do so, unless requir4eed by law. Withdrawals will first be made from collected funds, and we may, unless prohibited by law or our written policy, refuse any withdrawal request against uncollected funds, even if our general practice is to the contrary. We reserve the right to refuse any withdrawal or transfer request which is attempted by any method not specifically permitted, whish is for an amount less than any minimum withdrawal requirement, or which exceeds any frequency limitation. Even if we honor a nonconforming request, repeated abuse of the stated limitation (if any) may eventually force us to close this account. We will use the dat a transaction is completed by us (as opposed to the day you initiate it) to apply the frequency limitations. On Interest-bearing accounts other than time deposits, we reserve the right to require at least the expiration of any notice period may be restricted and may be subject to penalty. See your notice of penalties for early withdrawal.
OWNERSHIP OF ACCOUNT AND BENEFICIARY DESIGNATION:
You intend these rules to apply to the account depending on the form of ownership and beneficiary designation, if any, specified. We make no representation as to the appropriateness or effect of the ownership and beneficiary designation, except as they determine to whom we pay the account funds. Further, the type of account you select may determine how property passes on your death. Your will may not control the disposition of funds held in some of the following accounts:
SINGLE-PARTY ACCOUNT WITH P.O.D. DESIGNATION-the party to the account owns the account, On the death of the party, ownership of the account passes as a part of the party’s estate under the party’s will or by intestacy.
SINGLE-PARTYACCOUNT WITH P.O.D. DESIGNATION – the party to the account owns the account. On the death of the party, ownerships of the account passes to the
P.O.D. beneficiaries of the account. The account is not a part of the party’s estate.
MULTIPLE-PARTY ACCOUNT WITHOUT RIGHT OF SURVIVORSHIP – the parties to the account own the account in proportion to the party’s net contributions to the account. We may pay any sum in the account to a party at any time. On the death of a party, the party’s ownership of the account passes as a part of the party’s estate under the party’s will or by intestacy.
MULTIPLE-PARTY ACCOUNT IWHT RIGHT OF SURVIVORSHIP – the parties to the account own the account in proportion to the party’s net contributions to the account. We may pay any sum in the account to a party at any time. On the death of a party, the party’s ownership of the account passes to the surviving parties.
MULTIPLE-PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP AND
P.O.D. DESIGNATION – the parties to the account own the account in proportion to the parties’ net contributions to the account. We may pay any sum in the account to a party at any time. On the death of the last surviving party, the ownership of the account passes to the
P.O.D. beneficiaries.
CONVENIENCE ACCOUNT – the party to the account owns the account. The cosigner to the account may make account transaction on behalf of the party. The cosigner does not own the account. On the death of the party, ownership of the account passes as a part of the party’s estate under the party’s will or by intestacy. We may pay funds in the account o the cosigner before we receive notice of the death of the party, the payment to the cosigner does not affect the party’s ownership of the account.
TRUST ACCOUNT – the parties named, as trustees to the account own the account in proportion to the parties’ net contributions to the account. A trustee may withdraw funds from the account. A beneficiary may not withdraw funds from the account before all trustees are deceased. On the death of the last trustee, the ownership of the account passes to the beneficiary. The trust account is not a part of a trustee’s estate and does not pass under the trustee’s will or by intestacy unless the trustee survives all of the beneficiaries and all other trustees.
CORPORATE PARTNERSHIP, AND OTHER ORGANIZATIONAL ACCOUNTS - we may require the governing body of the legal entity to give us a separate authorization telling us who is authorized to act on its behalf. We will honor the authorization until we actually receive written notice of a change from the governing body of the legal entity.
STOP PAYMENTS:
You must make any stop-payment order in the manner required by law and we must receive it in time to give us a reasonable opportunity to act on it before our stop-payment cutoff time. To be effective, your stop-payment order must precisely identify the number, date, and amount of the item, and the payee. Our stop-payment cutoff time is on hour after the opening ot the next banking day after the banking day on whish we receive the item. Additional limitations on our obligation to stop payment are provided by law. You may stop payment on any item drawn on your account whether you sign the item or not, if you have an equal of greater right to withdraw from this account than the person who signed the item. A release of the stop-payment request may be made only by the person who initiated the stop payment.
AMENDMENTS AND TERMINATION:
We may change any term of this agreement. Rules governing changes in interest rates have been provided separately. For other changes we will give you reasonable notice in writing or by any other method permitted by law. We may also close this account at any time upon reasonable notice to you and tender of the account balance personally or by mail. Notice from us to any one of you is notice to all of you.
STATEMENTS:
You must examine your statement of account with “reasonable promptness”. If you discover (or reasonably should have discovered) any unauthorized payments or alterations, you must promptly notify us of the relevant facts. If you fail to do either of these duties, you will have to either share the loss with us, or bear the loss entirely yourself (depending on whether we used ordinary care and, if not, whether we contributed to the loss). The loss could be not only with respect to items on the statement but other items forged or altered by the same wrongdoer. You agree that the time you have to examine your statement and report to us will depend on the circumstances but will not in any circumstance, exceed a total of 30 days from when the statement is first made available to you. You further agree that if you fail to report any unauthorized signatures, alterations, forgeries or any other errors in your account within 60 days of when we make the statement available, you cannot assert a claim against us on any items in that statement, and the loss will be entirely yours. This 60-day limitation is without regard to whether we exercised ordinary care. The limitation in this paragraph is in addition to that contained in the first paragraph of this section.
DIRECT DEPOSITS:
If, in connection with a direct deposit plan, we deposit any amount in this account which should have been returned to the Federal Government for any reason, you authorize us to deduct the amount of our liability to the Federal Government from this account of from any other account you have with us, without prior notice and at any time, except as prohibited by law. We may also use any other legal remedy to recover the amount of our liability.
TEMPORARY ACCOUNT AGREEMENT:
If this option is checked on the account records, this is a temporary account agreement. Each person who signs this signature card (except as indicated to the contrary on the account records) may transact business on this account, However, we may at some time in the future restrict or prohibit further use of this account if you fail to comply with the requirements we have imposed within a reasonable time.
SET-OFF
We may (without prior notice and when permitted by law) set off the funds in this account against any due and payable debt you owe us now or in the future, by any of you having the right of withdrawal, to the extent of such persons’ or legal entity’s right to withdraw. If the debt arises from a note, “ any due and payable debt” includes the total amount of which we are entitled to demand payment under the terms of the note at the time we set off, including any balance the due date for which we properly accelerate under the note. This right of setoff does not apply to this account if it is an IRA or other tax-deferred retirement account, or the debt is created by a consumer credit transaction under a credit card plan (but this does not affect our rights under any consensual security interest) The debtor’s right of withdrawal only arises in a representative capacity or the debt is created by a home equity loan. We will not be liable for the dishonor of any check when the dishonor occurs because we set off a debt against this account. You agree to hold us harmless from any claim arising as a result of our exercise of our right of set off.
FACSIMILE SIGNATURES
You authorize us, at any time, to charge you for all checks, drafts, or other orders, for the payment of money, that are drawn on us regardless of by whom or by what means the facsimile
signature(S) may have been affixed so long as they resemble the facsimile signature specimen on page 1 of this agreement, or that are filed separately with us, and contain the required number of signatures for this purpose.
The Legend Bank website is not currently
targeted or marketed to children. When applicant accepts this agreement,
they acknowledge they are over the age of 18. If they are under the age of
18 and still wish to apply, they must visit the physical location of the
bank accompanied by a parent or guardian.
