Disclosure Statement for Electronic Fund Transfer Services

Disclosure Statement

We are pleased that you have chosen to take advantage of the convenience provided by our EFT service and supply this Statement so you can familiarize yourself with the operational and legal functions of this service. Please read this Statement carefully as it contains important information about electronic funds transfer. Retain this along with your other account records in case you have any questions in the future.

In this Statement, the words “you”, “your” and “yours” mean any holder or another authorized user of your Debit Card. The words ‘we” and “us” mean the financial institution named on the back panel of this Statement where you have a checking account “Checking account” means your NOW account or checking account “EFT Terminal” means an electronic funds transfer terminal; this includes automated teller machines, point-of-sale terminals, and other EFT devices. “Debit Card” means each magnetically encoded Debit banking card provided to you by us. “PIN” means the personal identification number assigned to you for use with your Debit Card.

  1. Debit Card. Each Debit Card issued to you is our property and may be canceled or repossessed by us at any time, with or without cause. You must surrender to us on demand each Debit Card issued to you. If you permit or authorize other persons to use your Card and PIN, you will be liable on or for the resulting transactions. To guard against anyone making a transaction that you have not authorized, you should take all reasonable precautions to prevent any other person from learning your
  2. In Case of Errors or Questions about your Electronic Transfers:
Telephone us at: (740) 472-1641

Mon. – Fri.  8:00 AM – 5:00 PM

Sat. 8:00 – Noon

(excluding Holidays)


Write us at: Woodsfield Savings Bank

600 Lewisville Road

Woodsfield, OH 43793


201 N. Chestnut Street

Barnesville, OH 43713

promptly if you think your statement or receipt is wrong or if you need more information about a transfer listed on the statement or receipt.


We must hear from you no later than 60 days after we sent you the FIRST statement on which the problem or error appeared.

  1. Tell us your name and account number (if any).
  2. Describe the error or the transfer you think is incorrect, and dearly explain why you believe it is an error or why you need more information.
  3. Tell us the dollar amount of the suspected error and, if possible, the date it appeared on your statement.
  4. It will be helpful to us if you also give us a telephone number at which you can be reached in case we need any further information.

If you notify us orally, we have the right to require you to send us your complaint in writing within 10 calendar days following the date you notified us.

We will report to you the results of our investigation within 10 calendar days following the date you notified us. We will correct any error promptly. If we need more time, however, we may take up to 45 calendar days to investigate your complaint or questions following the date you notified us. If we decide to use more time to investigate, within 10 calendar days following the date you notified us, we will credit your account 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 question in writing and we do not receive it within 10 calendar days following your oral notification, 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 ask for copies of the documents that we used in our investigation.

  1.  Account Information. We will disclose information to third parties about your account or the transfers you make: (a) Where it is necessary for completing transfers or resolving errors involving transfers; or (b) In order to verify the existence and condition of your account for a third party, such as a credit bureau or a merchant; or (c) ln order to comply with government agency rules, court orders, or other applicable law; or (d) To our employees, service providers, auditors, collection agents, or attorneys, in the course of their duties; or (e) If you give us your written permission.
  2. Transaction Receipt. You will get a receipt at the time you make any transfer to or from your account using an EFT Terminal.
  3. Our Liability for Failure to Make Transfer. If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will NOT be liable, for instance: (a) If through no fault of ours, you do not have enough money in your account to make the transfer; (b) If the transfer would go over the credit limit on your overdraft line, if you have one; (c) If the automated teller machine where you are making the transfer does not have enough cash; (d) If the EFT Terminal or processing system was not working properly and you knew about the breakdown when you started the transfer; (e) If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions we have taken; (f) If the funds in your account are subject to legal process or other encumbrance restricting the transfer; (g) If your PIN, or Debit Card is reported lost or stolen; or (h) If we are holding uncollected funds in your account and the transfer would require the use of those funds. There may be other exceptions stated in our account agreement with you.
  4. Unauthorized Transfers.
    1. Consumer liability. Tell us AT ONCE if you think your card and/or PIN has been lost, stolen, or used without your permission. Telephoning is the best way, if any, of minimizing your possible losses. Regarding all U.S. issued Visa cards, effective April 4, 2000: When you use your Debit card to shop online, in a Store, or anywhere, you are protected from unauthorized use of your card or account information, with Visa’s zero liability policy. Your liability for unauthorized transactions is $0 for all Visa Credit and debit card transactions that are processed over the Visa network-online or off. This additional limitation on liability applies to U.S.-issued cards only. Visa’s Zero Liability policy does not apply to commercial card or ATM transactions, or to PIN transactions not processed by Visa. ” Unauthorized Use” means the use of your debit card by a person, other than you, who does not have actual, implied or apparent authority for such use, and from which you receive no benefit.
    2. Contact in event of unauthorized transfer. If you think your card and or PIN has been lost or stolen or that someone has transferred or may transfer money from your account without your permission, call or write us at the telephone number or address listed in this brochure. 
  5. Reporting Lost Cards or PINs or Unauthorized Transfers. If you believe your Debit Card or PIN has been lost or stolen or that someone has transferred or may transfer money from your account without your permission, call or write us at the telephone number and address shown on the back panel of this Statement.
  6. Types of Transactions. You may use your Debit Card with your PIN to:
    (a) Withdraw cash from your checking account;(b) Inquire as to the available balance of your checking or savings accounts;

    (c) Purchase goods or services at places that have agreed to accept the Debit Card;

    (d) Perform other Debit services as may be available from time to time, and for which we will send a separate notification to amend this Statement.

    Some of these services may not be available to you at all EFT Terminals. If you have more than one account with us. some of these services may not be available for each account. On each processing day, (A) You may withdraw from automated teller machines up to a maximum of$405.00 (or your available balance, if it is less than such amount). and (B)You may buy in goods or services up to a maximum of $l, OOO.OO (or your available balance, if it is less than such amount). Every calendar day is a processing day, except that Saturday, Sunday, and Monday are treated as a single processing day. For security reasons, there are other limits on the number and size of transfers or withdrawals you can make using your Debit Card. In all cases, you agree to be responsible for all transfers authorized by you or from which you receive any benefit. If the EFT Terminal is “off-line” you may not be able to withdraw cash or transfer money between your accounts.

  7. Special Terms and Conditions. By accepting, signing, or using a Visa Card you agree not to effectuate any transaction which is unlawful under applicable law, such as unlawful gambling.
  8. International Transactions All foreign ATM withdrawals and POS transactions will be converted to U.S. dollars before being charged to your Account in accordance with Visa International regulations for international transactions in effect at the time of the transaction.
  9. Periodic Statements. You will get a monthly account statement for your checking account. You will also get a monthly account statement for your savings account.
  10. Fees. Notice regarding ATM Fees by Others. If you use an automated teller machine that is not operated by us, you may be charged a fee by the operator of the machines or by an automated transfer network (and you may be charged a fee for a balance inquiry).
  11. Deposits. Our policy is to make funds from your deposits available to you on the first business day after the day we receive your deposit. At that time, you can withdraw the funds in cash and we will use the funds to pay checks that you have written. Please refer to Rules and Regulations for deposit accounts for additional information on the availability of your deposits.
  12. Modifications of This Statement; Termination. The terms of this Statement may be changed by us from time to time by notice from us to you. We may also revoke your right to use your Debit Card at any time. You agree to pay us for any cash withdrawals, services charges, or other items that remain unpaid at the time this agreement is for any reason terminated.
  13. Applicable Law. This agreement is governed by the laws of the State of Ohio

Important Information Regarding your Woodsfield Savings Bank Visa Check Card.

  • Keep your PIN confidential
  • Never write your PIN on your card or repeat it to others

 We will be happy to assist you whenever you have a question regarding:

  • Use of your card

  • Ordering additional cards
  • Lost or stolen cards
  • Other ATM locations
  • Changing your Personal Identification Number