Virtual Branch System
ACCOUNT ACCESS AGREEMENT AND DISCLOSURE STATEMENT
METROWEST COMMUNITY FEDERAL CREDIT
This Agreement establishes the rules that cover your electronic access to your account(s) at
MetroWest Community Federal Credit Union (“Credit Union”) through the Virtual Branch system.
You will be bound by this Agreement when you enroll in Virtual Branch. You also accept all the
terms and conditions of this Agreement by using the Virtual Branch. Please read it carefully and
retain for your records.
This Agreement is also subject to applicable federal laws and the laws of the Commonwealth of
Massachusetts except to the extent this Agreement can and does vary from such rules or laws). If any
provisions of this Agreement are found unenforceable or invalid, all remaining provisions will
continue in full force and effect. The headings in the Agreement are for convenience or reference
only and will not govern the interpretation of the provisions. Any waiver (express or implied) by
either party or any default or breach of this Agreement must be in writing and shall not constitute a
waiver of any other or subsequent default or breach. You may not assign this Agreement. This
Agreement is binding upon your heirs and the Credit Union’s successors and assigns. Certain of the
obligations of the parties pursuant to this Agreement that by their nature would continue beyond the
termination, cancellation, or expiration of this Agreement shall survive termination, cancellation, or
expiration of this Agreement. This Agreement, together with the Membership and Account
Agreement constitutes the entire agreement between you and the Credit Union with respect to the
subject matter hereof and there is no understanding or agreements relative hereto which are not fully
The words “you”, “your”, and “yours” refer to the MetroWest Community Federal Credit Union
member(s) jointly and severally. The words “we”, “us”, “our”, “MWCFCU” and “Credit Union”
refer to MetroWest Community Federal Credit Union. This Agreement and Disclosure Statement
(hereinafter “Agreement”) explains and describes the types of Electronic Funds Transfers which are
available to you with our Virtual Branch system. This Agreement also contains your rights and
responsibilities concerning transactions that you make through the Virtual Branch, including your
rights under the Electronic Funds Transfer Act.
To qualify for access to the Virtual Branch, you must be a Credit Union member in good standing.
The Virtual Branch may not be accessible to Business and Organizational accounts. Other conditions
ENROLLING FOR VIRTUAL BRANCH
The member Account Number, Social Security Number and Address Number are required for initial
enrollment to Virtual Branch.
Users will create a personalized Logon ID and Security Code.
Logon IDs can be between 6 and 50 alpha numeric characters.
Security Codes must be exactly 8 alpha-numeric characters. A minimum of 2 numeric and 2 alpha
characters is required.
You accept responsibility for periodically changing your Logon ID and protecting the integrity of the
Logon ID to protect unauthorized transactions and account access. Granting access to your account
via Virtual Branch to any non-owner will make you financially liable for all losses or misuse of your
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1. VIRTUAL BRANCH.
You may reach the Virtual Branch at https://www.mwcfcu.com. You can use Virtual Branch 7
days a week, 24 hours a day, 365 days a year, although some or all of the Virtual Branch
services may not be available occasionally due to emergency or scheduled system maintenance.
The use of your Logon ID is required to access Virtual Branch. You can perform the following
transactions on ALL ACCOUNT(S) TO WHICH YOU ARE AUTHORIZED AND HAVE
BEEN GIVEN ACCESS TO:
a. Obtain balances and other account information on share/savings and draft/checking
accounts in addition to share certificates, IRAs, and loans. Virtual Branch may NOT
support information regarding Visa® credit card accounts.
b. Make transfers between share/savings, draft/checking, and loan accounts.
c. Transfer advances from your personal line-of-credit loan to share accounts.
d. Review 23 months of transaction history on checking, savings, certificates of deposit,
money markets and more.
e. Make transfers from your share accounts to other share accounts that you share an
f. View check copies and re-order checks.
2. LIMITATIONS ON TRANSFERS.
Federal regulations limit transfers for share/savings accounts and money market accounts, if
applicable. During any statement period, you may not make more than six withdrawals or
transfers to another Credit Union account of yours or to a third party by means of a preauthorized
or automatic transfer. This includes transfers by phone, fax, wire and cable, audio
response, overdraft transfers to checking and Internet instruction. No more than three of the six
transfers may be made by check, draft or debit card, or similar order to a third party. A preauthorized
transfer includes any arrangement with us to pay a third party from your account
upon oral or written orders including orders received through the automated clearinghouse
(ACH). If you exceed the transfer limitations set forth above in any statement period, the
transfer may not be completed, your regular share/savings account and draft/checking account
may be subject to a fee, account closure, or suspension or we may revoke your access to
Virtual Branch. We will not be required to complete a withdrawal or transfer from your
account(s) if you do not have enough money in the designated account(s) to cover the
transaction; however, we may complete the transaction. You agree not to use Virtual Branch to
initiate a transaction that would cause the balance in your designated account(s) to go below
zero. If you have a line-of-credit, you agree not to use Virtual Branch to initiate a transaction
that would cause the outstanding balance of your line-of-credit to go above your credit limit.
We will not be required to complete such a transaction, but if we do, you agree to pay us the
excess amount or improperly withdrawn amount or transferred amount immediately upon our
request. We also will refuse to complete your Virtual Branch transactions if we have canceled
your Virtual Branch access, or we cannot complete the transaction for security reasons.
The functions and limitations of Virtual Branch may be updated, without notice, at the option
of the Credit Union in order to provide improved service to the membership.
3. FEES FOR VIRTUAL BRANCH.
Currently there is no monthly service fee for using Virtual Branch; however, we may
implement a fee as required by applicable federal and/or state regulations and in such case, we
will notify you as soon as practicable. If at that time, you choose to discontinue using Virtual
Branch, you must notify us in writing.
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4. ACCOUNT STATEMENTS.
Your periodic statement will identify each electronic transaction. You will receive a monthly
account statement for each month in which you initiate electronic transactions.
5. IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR ELECTRONIC
In case of errors or questions about electronic transfers, telephone us at the number below,
E-mail us at, firstname.lastname@example.org, or send us a written notice to the address below
as soon as possible. We must hear from you no later than sixty (60) days after we sent the first
statement on which the problem appears.
508-879-5522 or 877-482-6055
MetroWest Community Federal Credit Union
Attention: Virtual Branch
200 Concord Street
Framingham, MA 01702
a. Tell us your name and member number.
b. Describe the error or the electronic transaction you are unsure about, and explain as
clearly as you can why you believe it is an error, or why you need more information.
c. 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
notify you with the results of our investigation within 10 business days (20 business
days if your complaint or question involves a transaction to or from an account within 30
days after the first deposit to the account was made) after we hear from you. We will
correct any error promptly. If we need more time, we may take up to 45 days (90 days if
your complaint or question involves a transaction to or from an account within 30 days
after the first deposit to the account was made) to investigate your complaint or question.
If we decide to do this, we will credit your account within 10 business days (20 days if
the complaint or error involves a transaction to or from an account within 30 days after
the first deposit to the account was made) for the amount you think is in error so that you
will have the use of the money during the time it takes us to complete our investigation.
If we ask you to put your complaint or questions in writing and we do not receive it
within 10 business days, we may not credit 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 request copies of the documents we used in our investigation.
6. LIABILITY FOR UNAUTHORIZED TRANSACTIONS.
You will be liable for unauthorized access to accounts via Virtual Branch to the extent allowed
by applicable federal and state law. You must tell us AT ONCE if you believe your Member
number, or Logon ID, or any record thereof, has been lost or stolen, or if any of your accounts
have been accessed without your authority. You may telephone us at 508-879-5522, E-mail us
at, email@example.com, or mail to MetroWest Community Federal Credit Union
Attention: Virtual Branch, 200Concord Street, MA 01702. Telephoning is the best way of
minimizing your liability. If you tell us within two (2) business days of the loss, theft, or
unauthorized access, you can lose no more than $50 if someone accessed your account without
your permission. If you do NOT tell us within two (2) business days after you learn of the loss,
theft or unauthorized access, and we can prove we could have stopped someone from
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accessing your account without permission if you had notified us, you could lose as much as
Further, if your statement shows transfers that you did not make, you must tell us at once. If
you do not tell us within 60 days after the statement was mailed to you, you may not receive
any money you lost after the 60 days if we can prove that we could have stopped someone
from taking the money if you had notified us in time. If a good reason (such as a long trip or a
hospital stay) kept you from telling us, we will extend the time periods.
7. Transactions That Are Not Completed.
If we fail to complete a transfer to or from your designated account(s) on time, in the correct
amount, and we have agreed to perform it, with certain exceptions, we will be liable for your
losses or damages. This agreement lists a number of situations in which we do not agree to
complete withdrawals or transfers. We also will not be liable:
◦ If we have terminated this Agreement.
◦ If through no fault of ours, you do not have enough money in your account(s) to make
◦ A legal order directs us to prohibit withdrawals from the account(s).
◦ The funds in your designated account(s) are subject to legal process or other
encumbrance restricting the transaction.
◦ If circumstances beyond our control (such as fire or flood prevent the transaction from
being completed despite reasonable precautions that we have taken.
◦ You have reported an unauthorized use of your Member Number and Password, reported
it as stolen, or requested that we issue a new Password, and has as a result refused to
honor the original Password.
◦ If your account is closed, frozen or funds are uncollected.
◦ If you, or anyone authorized by you, commits any fraud or violates any law or
◦ If the transfer would cause your balance to become negative or exceed the credit limit of
an established line of credit loan.
◦ If any part of the Virtual Branch is not working properly and you knew about the
problem when you started the transactions.
◦ There may be other exceptions as provided by applicable law.
8. Information About Your Designated Accounts.
You authorize us to obtain any information deemed necessary to process your request for
access to Virtual Branch. Additionally, you agree that we will disclose information to third
parties about your designated account(s) or the transactions you make:
a. Where it is necessary for completing or documenting transactions or resolving errors
b. In order to verify the existence and condition of your designated account(s).
c. In order to comply with orders or subpoenas of government agencies or courts.
d. If you give us written permission.
9. OUR BUSINESS DAYS.
Our business days are Monday through Friday, other than legal banking holidays.
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10. PRE-AUTHORIZED PAYMENTS.
You may not use Virtual Branch to enter into pre-authorized payment arrangements.
11. OUR RULES AND REGULATIONS AND OTHER AGREEMENTS.
Your designated account(s) may also be governed by other agreements between you and us.
The terms and conditions of the deposit agreements and disclosures for each of your Credit
Union account(s) as well as your other agreements with the Credit Union such as loans
continue to apply notwithstanding anything to the contrary in this Agreement.
If we go to court for any reason, we can use a copy, microfilm, microfiche, or photograph of
any document or person to prove what you owe or that a transaction has taken place and the
copy, microfilm, microfiche, or photograph will have the same validity as the original.
13. TERMINATING THIS AGREEMENT.
You can terminate this Agreement at any time by notifying us in writing and by discontinuing
the use of your Logon ID. We can also terminate this Agreement and revoke access to Virtual
Branch at any time. Whether you terminate the Agreement or we terminate the Agreement, the
termination will not affect your obligations under this Agreement, even if we allow any
transaction to be completed with your Logon ID after this Agreement has been terminated.
14. CHANGING THIS AGREEMENT.
We may change any term of the Agreement at any time. If the change would result in increased
fees, if applicable, for any services, increased liability for you, fewer types of available
electronic fund transfers, or stricter limitations on the frequency or dollar amount of transfers,
we agree to give you notice of at least thirty (30) days before the effective date of any such
change, unless any immediate change is necessary to maintain the security of an account, or
our electronic fund transfer system, or for any security reasons. We will post any required
notice of change in terms in the quarterly newsletter, on our web site, or postal mail. If advance
notice of the change in not required, and disclosure does not jeopardize the security of the
account or our electronic fund transfer system, we will notify you of the change in terms within
30 days after the change become effective. Your continued use of any or all of the subject
system services indicates your acceptance of the change in terms, we reserve the right to waive,
reduce or reverse charges or fees in individual situations. You acknowledge and agree that the
applicable deposit agreements and disclosures govern changes to fees applicable to specific
accounts. The Credit Union reserves the right to terminate your access to Online Banking if
you fail to adhere to these rules or abuse any of these services or your Credit Union account.
All notices from us will be effective when we have mailed them or delivered them to the last
known address in the Credit Union’s records. Notices from you will generally be effective once
we receive them at MetroWest Community Federal Credit Union, Attention: Virtual Branch,
200 Concord Street, Framingham, MA 01702. Notices under Section 6 will be effective once
you have done whatever is reasonably necessary to give us the information we need, such as by
16. COLLECTION EXPENSE.
If we ever have to file a lawsuit to collect what you owe us, you will pay our reasonable
expenses, including attorney’s fees.
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17. GOVERNING LAW.
This Agreement is governed by the Bylaws of the Credit Union, federal laws and regulations,
and the laws and regulations of the Commonwealth of Massachusetts. Any disputes regarding
this Agreement shall be subject to the jurisdiction of the court of the county in which the
Credit Union is located.
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