Notice of Change to Visa Rules found in the Electronic Funds Transfer Disclosure
The new Visa liability rules make the following revisions effective October 17, 2014:
- The zero liability rule will now apply to all transactions conducted with a Visa branded card, including PIN-based transactions at Point of Sale and ATM. Previously , zero liability only applied to Point-of- sale Transactions.
- A cardholder will not be liable for any unauthorized transaction, as long as the cardholder has exercised reasonable care in safeguarding the card from risk of loss or theft, and, upon becoming aware, promptly reporting the loss or theft to the issuer. Previously, if the above conditions were not met your liability was the lesser of $50 or the amount of property, labor or services obtained by the unauthorized use prior to your notification to us. This maximum of $50 has been removed.
OpenSSL "Heartbleed" InformationFirst Choice Bank was not affected by the OpenSSL "Heartbleed" Security Issue. For more information about "Heartbleed", Please Click Here.
- We have good news for our online banking customers!
We’re making it easier for you to access your account online, while continuing to protect you and your money with our powerful, multilayered security system. Please Click Here to learn more.
- Fraudulent Emails from NACHA
National Automated Clearing House Association (NACHA) has been the victim of sustained and evolving phishing attacks in which consumers and businesses are receiving emails that appear to come from NACHA. NACHA requests Bank customers to forward fraudulent emails they receive that appear to come from NACHA to email@example.com for analysis. Thank you.
IMPORTANT NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.