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Clarify check handling & update account limit information.

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commit 097e95e5dd368891c2284af1fb8cb4b78718c545 1 parent 7e35f6e
@tomwans tomwans authored
Showing with 7 additions and 6 deletions.
  1. +7 −6 bancorp-account-agreement.html
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13 bancorp-account-agreement.html
@@ -7,7 +7,7 @@
<article id="account-agreement-terms-and-conditions">
<h1>Account Agreement Terms and Conditions</h1>
- <p>This Account Agreement is effective <time pubdate>October 26, 2012</time>.</p>
+ <p>This Account Agreement is effective <time pubdate>December 12, 2012</time>.</p>
<p><strong>IMPORTANT</strong> <em>Please read carefully. Be sure to retain this Account Agreement for your records.</em></p>
@@ -214,8 +214,9 @@ <h4 id="limits">Limits</h4>
<li>Substitute checks (a digital reproduction of the front and back of an original check);</li>
<li>Remotely created checks (a <span class="underline">check</span> created by a merchant with a buyer's checking account number on it, but without the buyer's original <span class="underline">signature</span>);</li>
<li>Travelers checks and savings bonds;</li>
- <li>Non-negotiable instruments, such as promissory notes; or</li>
- <li>Checks drawn on any of your account(s) at The Bancorp Bank.</li>
+ <li>Non-negotiable instruments, such as promissory notes;</li>
+ <li>Checks drawn on any of your account(s) at The Bancorp Bank; or</li>
+ <li>Starter checks or counter checks (checks from a teller window).
</ol>
</section>
@@ -564,7 +565,7 @@ <h4 id="limits">Limits</h4>
<p>The maximum amount that you may withdraw through a participating bank (over-the-counter withdrawal) per 24-hour period is $5,000.</p>
- <p>Any funds withdrawn from a <abbr title="Point of Sale">POS</abbr> device or through a participating bank (over-the-counter withdrawal) will be subject to the maximum amount of $9,999 that may be spent on your Card per 30-day period.</p>
+ <p>Any funds withdrawn from a <abbr title="Point of Sale">POS</abbr> device or through a participating bank (over-the-counter withdrawal) will be subject to the maximum amount of $20,000 that may be spent on your Card per 30-day period.</p>
<p>Frequency-of-use limitations are imposed on <abbr title="Automated Teller Machine">ATM</abbr> transactions for security reasons and for the protection of your account. They are not disclosed for this reason and may be changed at any time. You will be denied the use of your Card if:</p>
@@ -579,7 +580,7 @@ <h4 id="limits">Limits</h4>
</section>
<section id="5.7">
- <h3>Card Transactions and Daily Limits</h3>
+ <h3>Card Transactions and Daily Limits <a name="daily-limit"></a></h3>
<p>Consistent with applicable law, you may use your Card to purchase goods and services and/or obtain cash where permitted by the merchant, from any merchant who accepts Visa® Cards. The merchant will require your signature instead of your <abbr title="Personal Identification Number">PIN</abbr> to authorize the purchase request. You may also use your Card with your <abbr title="Personal Identification Number">PIN</abbr> at any merchant location where <abbr title="Automated Teller Machine">ATM</abbr> cards are accepted to purchase goods and services and/or obtain cash where permitted by the merchant. The amount of all purchases, including any cash obtained, will be deducted from your <abbr title="Negotiable Order of Withdrawal">NOW</abbr> account.</p>
@@ -591,7 +592,7 @@ <h4 id="limits">Limits</h4>
<p>Nevertheless, if a transaction exceeds the balance of the funds available on your Card, you shall remain fully liable to us for the amount of the transaction and any applicable fees listed in the <strong><a href="/policies/schedule-of-fees/">Schedule of Fees</a></strong>.</p>
- <p>The maximum amount that you may use for the purchase of goods and services on your Card per 24- hour period is $3,000.</p>
+ <p>The maximum amount that you may use for the purchase of goods and services on your Card per 24- hour period is $6,000.</p>
</section>
<section id="5.8">
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