Online Banking Debit Card Loan Payment Terms and Conditions
I hereby authorize Tucson Federal Credit Union (TFCU), to charge my debit card for the loan payment amount I entered PLUS the designated convenience fee in order to make a payment on my TFCU loan as specified.
I understand the account which my debit card is connected to will be debited (charged) and funds will be credited to my TFCU loan.
I acknowledge that it is my responsibility to insure that sufficient funds are on deposit in my account. In the event that funds are not available, and the entry is returned, TFCU will impose an NSF fee (see Fee Schedule) and it is my responsibility to re-initiate the transaction or make a payment by other means.
I understand that after I have completed the transaction, funds may be withdrawn immediately from my funding account. Generally, payments made prior to 7:00 PM on a regular business day will be credited to my loan by the end of the business day, but I understand they could take 2-3 business days to be applied to my loan, especially if submitted on a weekend or after 7:00 PM on a regular business day.
TFCU is relying on the information I entered above. If the information is incorrect, the debit may be returned, which could result in my payment being late and a fee imposed.
If any payment is rejected or is reversed for any reason, that payment will be reversed on my loan, and I will be responsible for making payment to the credit union separately.