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Online Banking Disclosure

 

The purpose of this Disclosure Statement is to inform you of certain rights that you have under the Electronic Funds Transfer Act.

Please Note In this statement the words “you” and “your” each refer to the person who uses or is authorized to use Online Banking services. Then words “we”, “our” and “us” refer to Floridian Community Bank.

Online Banking Services – you may access our Online Banking service using the personal Login Codes that we issue to you and conduct the following transactions:


Transfer Funds between:

  • Checking
  • Money Market
  • Savings
  • Loans

Make payments to:

  • Loans

Obtain the available and current balance(s) and transaction history of:

  • Checking
  • Money Market
  • Savings
  • Loans

Initiate Stop Payments


Account Management


Banking Services – Online Banking is available 24 hours a day, 7 days a week. However, we only process transactions and update information on business days. Transfers made on weekends, holidays, scheduled in advance or after 2:00 p.m. Eastern Standard Time (EST), will be processed on the next business day.


Stop Payment Requests – Paper Check Stop Payments can be entered on the banks Online Banking System. You will receive an online confirmation that the stop payment order has been accepted and posted to the Bank's system. For an online stop payment order to be effective, you must print, sign, and mail or bring this confirmation to us within 14 calendar days of when you entered the stop payment order online. Stop payment orders should be mailed to:

Floridian Community Bank,
ATTN: Stop Payments
5599 S University Drive,
Davie, Fl 33328.

All online stop payment orders are subject to the terms and conditions governing stop payment orders as provided in the Deposit Account Terms and Conditions governing the Account upon which the check was drawn.

Stopping the payment of a check is different from the cancellation of a bill payment. Once an electronic bill payment has been debited from your account, you CANNOT order a stop a payment. You will incur stop-payment charges as disclosed in the current Fee Schedule.


Bill Pay Services – You have the ability to pay your bills through our Bill Pay service. It is required that you have at least one checking account with us. You or someone you have authorized by giving them your Online Banking login codes can instruct us to perform the following transactions:

  • Initiate and authorize payment from your Primary Checking Account to payees which you have authorized in advance to receive payments, and
  • Edit or delete pending payments.

Payments entered before 2:00 pm EST Monday through Friday will be received by us the same day. Payments made after 2:00 p.m. EST Monday through Friday or on a weekend will be received the next business day. Payments must be scheduled to send at least 2 to 5 days in advance of the payees requested due date.

If there are insufficient funds in the Primary Checking account on the payment date, we will attempt to send the payment for the next 5 business days should the payment amount become available. We reserve the right to dishonor any payment request(s) that reasonably appear to us to be fraudulent, incomplete, erroneous, or if you do not follow our instructions for Bill Pay. In addition, we will not be able to execute any Bill Pay requests if the payee cannot or will not accept such payment. You are responsible for any loss or penalty that may occur due to a lack of sufficient funds or other conditions that may prevent the withdrawal of funds from your account.


Identification Number and Password – Access to Online Banking may be made by personal computer. Access requires the use of a unique login and Personal Identification Number (collectively, the “Login Codes”) assigned by us. Your use of Online Banking with the Login Code authorized by us will be deemed by us to be valid and authentic and you agree that any communications to us under your Login Code will be given the same legal effect as written and signed paper communications. You agree that electronic copies of communications are valid and you will not contest the validity of the originals, absent proof of altered data or tampering.


Lost or Stolen Login Codes – and If you believe your Login Codes or other means of access have been lost or stolen or that someone has used them without your authorization, immediately change your Online Banking Login Codes. This is done by going through the “account management” option. Contact us immediately by writing, calling or e-mailing us at:

Floridian Community Bank
5599 South University Drive Suite 100
Davie, Florida 33328
945-434-8050
(business hours only)
fcb@flcmbk.com

Include in the message your name, address, phone number and a brief description of the problem. All e-mail requests will be answered by close of the next business day.


Record of Transaction – You will receive a monthly statement showing the status of your account(s), transactions made during the past month, and any charges, which we may impose, for such services or transactions.


Liability for Unauthorized Transfer/Transactions – CONTACT THE BANK IMMEDIATELY if you believe your Login Codes have been lost or stolen. Change your password and contact us. If you notify us of a loss, your liability for unauthorized transfers or payments will be as follows:

  • If you contact us within two business days of the loss or your discovery of the loss, you can lose no more than $50.00 if someone used your Login Codes without your permission.
  • If someone used your Login Codes without your permission, you could lose as much as $500 if you do not contact us within two business days after you learn of the loss and we can prove that we could have prevented the loss if you had contacted us.
  • Also, if your monthly statement shows transfers or payments that you did not make and you do not contract us within 60 days after the statement was mailed to you, you may not get back any funds, if we can prove that your contacting us would have prevented those losses

Your Liability – You agree to the terms of this Online Banking Disclosure and the schedule of fees that may be imposed. You may not transfer between accounts with legal or signature restrictions. However, an account(s) may be viewed if you are an authorized signer on the account(s).

Account Restrictions – Your name must appear in the legal title to make transfers between accounts to initiate bill payments. You may not transfer between accounts with legal or signature restrictions. However, an account(s) may be viewed if you are an authorized signer on the account(s).


Limits on Online Banking Transactions – All transactions performed through our Online Banking Service will be considered a Preauthorized Electronic Funds Transfer.


Our Liability for Failure to Complete Payments or Transfers – If we fail to complete a transaction on time or in the correct amount, when properly instructed by you, we will be liable for damages caused by our failure unless:

  • the account has been closed or is not in good standing.
  • your equipment or ours was not working properly and the breakdown should have been apparent when you attempted to conduct the transaction.
  • you have not given us complete, correct or current account numbers or other identifying information so that we can properly credit your account or otherwise complete the transaction.
  • you do not properly follow our instructions or if you provide us with wrong or inaccurate information or fail to correct or tell us about any inaccuracy of which you are aware.
  • you do not instruct us soon enough for your payment or transfer to be received and credited by the time it’s due.
  • the funds in the account from which a payment or transfer is to be made is subject to legal process or other claims that restrict the transactions.
  • circumstances or persons beyond our control prevent, delay, intercept or alter the transaction, despite reasonable precautions that we have taken.
  • there are insufficient funds in your account to complete the transactions.
  • we have reason to believe that the transaction requested is unauthorized.
  • the failure was caused by an act of God, fire, or other catastrophe, or by an electrical or computer failure or by other causes beyond our control.

In any case, we shall only be liable for actual proven damages if the failure to make the
transaction resulted from a valid error despite our procedures to avoid such error.


Change of Terms – We reserve the right to amend or terminate the services offered from time to time and we will notify you a minimum of 30 days prior to any change by written notice to your last known address.


Waiver of Agreement – Any waiver of any term of this Agreement by us on occasion will not prevent us from asserting our rights to these terms in the future.


Termination – You may terminate the Agreement and your Online Banking Service at any time upon giving written notice of the termination to us. If you terminate, you authorize us to continue making transfers and bill payments you have previously authorized until we have had a reasonable opportunity to act upon termination notice. Once we have acted upon your termination notice, we will make no further transfers or payments from your account. If we terminate your use of your subscribed Online Service, we reserve the right to make no further transfers or payments from your account, including any transaction you have previously authorized.


Disclosure of Account Information – We will disclose information about your account or the transaction you make to third parties:

  • where it is necessary to complete transactions;
  • to verify the existence and standing of your account with us upon the request of a third party, such as a credit bureau;
  • in accordance with your written permission;
  • in order to comply with court orders or government or administrative agency summonses, subpoenas, orders, examinations and escheat reports; and/or
  • on receipt of certification from a federal agency or department that a request for information is in compliance with the Graham-Leach-Bliley Act.

Our Policy and Pricing Guide and Terms and Conditions on Deposit Accounts are available at any of our banking offices upon request.