Business Debit Card Agreement Terms and Conditions
This Business Debit Card Agreement ("Agreement") contains
contract terms and other important information relating to your
Adirondack Bank Business Debit Card ("Card"). These terms govern
the operation of this account unless varied or supplemented
in writing. This Agreement also incorporates any other terms
and conditions provided separately with your account agreement
as well as the terms of any disclosures you may have received.
You should read this Agreement carefully and keep a copy for
This Agreement will be governed by the laws of New York State
well as federal laws and regulations. Normal banking customs
and practices also apply.
Unless inconsistent, words and phrases used in this document
shall be construed so that the singular includes the plural
and the plural includes the singular. The words "we," "our,"
and "us" refer to the financial institution which issues the
Card. The words "you" and "your" refer to the owner of the specific
account for which Card transactions are permitted. The word
"Cardholder" refers to any person authorized by you to use the
Business Card Purpose
You and any Cardholder agree that this Card is for use by
business owners and employees. The Card can be used for business
purpose point-of-sale and Automated Teller Machine (ATM) transactions
only. The Card may not be used for personal purposes. You acknowledge
and understand that the Card shall not be treated as a consumer
card under the provisions of state and federal law. You agree
to provide written instructions to all Cardholders that the
Card shall not be used for consumer purposes. We assume all
transactions are for business purposes. We do not monitor transactions
to determine their purpose.
Account Requirement, Payment Responsibility, Transferability,
The services described in this Agreement will be available
to you only as long as you maintain a business checking account
with us. You are liable for the payment of Card transactions
authorized by you or your agent or any Cardholder or their agent.
This account may not be transferred or assigned without our
written consent. If any terms of this Agreement cannot be legally
enforced, it will be considered changed to the extent necessary
to comply with applicable laws. If any part of this Agreement
becomes unenforceable, it will not make any other part unenforceable.
How to Use the Business Card, Security Procedures
The Card allows Cardholders to directly access the business
checking or savings account specified in your Card Application.
We will issue Cards and codes to you at your request. Each Card
will identify your business as well as the Cardholder. You agree
to the following security procedures. Each Cardholder must sign
their Card before it may be used. You agree to require both
a Card and a code to be used together to obtain cash from a
designated business checking or savings account at designated
ATMs. However, you may use your Card to purchase goods or pay
for services from a designated business checking account without
a code. Once a Card has been issued it cannot be transferred
to another person. You agree to immediately notify us when you
terminate a Cardholder’s rights and to promptly return the Card
to us. You agree to provide written instructions to all Cardholders
about the importance of protecting the Card and code. You agree
to examine your receipts and periodic statements in a timely
manner. You agree that the dollar/frequency limits assigned
to each Cardholder will also act as a security procedure.
Termination and Amendments.
- We may terminate this Agreement by written notice to
- You may terminate this Agreement by written notice to
We may make amendments to this Agreement in the same method
as provided in the terms and conditions provided in your account
agreement. Use of your Card after receipt of notice of an amendment
constitutes your acceptance of the change.
Any notices mailed to you under this Agreement will be mailed
to the address we have for you in our records. You will keep
us notified of your current mailing address.
Order of Payment
Our policy is to post and pay Card transactions in the order
they are received. We reserve the right to pay Card transactions
before checks, drafts, and other items.
Only stop-payment requests from you or the Cardholder who
authorized the transaction will be honored. However, because
Card transactions are often processed immediately, stopping
or amending payment is difficult and we cannot ensure that any
request you make will be effective. In order to be effective,
we must receive your request in time to give us a reasonable
opportunity to act. Your request must precisely identify the
transaction by date time, location and dollar amount. Only you
may release a stop-payment request.
Types of Transactions
Below are the types of transactions your Card will accommodate.
You may access your account by ATM using your Card and code
- make deposits to your designated deposit account(s)
at Adirondack Bank ATMs
- get cash withdrawals from your designated deposit account(s)
- transfer funds between designated accounts associated
with your Card
- obtain balance information regarding your designated
Some of these services may not be available at all terminals.
For security reasons, there are other limits on the number of
transfers you can make by ATM.
You may access your checking account with your Card to purchase
goods (in person, by phone or through the Internet) and pay
for services (in person, by phone or through the Internet).
For security reasons, there are other limits on the number of
transfers you can make by debit card.
Maximum Limits on Transactions
We have set default limits on the dollar amount of Point
of Sale and ATM transactions as well as the number of transactions
that may be conducted daily. The ATM limit is $510, POS limit
is $5,000. Please
note that the number of ATM and POS transactions will be counted
toward your monthly account transaction activity. You may request
changes on a per card basis by designating these requirements
on your application which will be reviewed for Bank approval
Be sure to contact the Bank with locations and dates of international
travel prior to departure to ensure card functionality.
If you make a transaction in a currency other than U.S. dollars,
Visa will convert the charge or credit into a U.S. dollar amount.
The currency conversion rate used to determine the transaction
amount in U.S. dollars is either: (1) a rate selected by Visa
from the range of rates available in wholesale currency markets
for the applicable central processing date, which rate may vary
from the rate Visa itself receives; or (2) the government-mandated
rate in effect for the applicable central processing date. The
conversion rate in effect on the processing date may differ
from the rate in effect on the transaction date or posting date.
Property of Issuer, Cancellation Rights
Each card is the property of Issuer and must be surrendered
upon demand. Each card can be canceled by issuer and the privileges
thereof revoked at any time without prior notice.
Advisory Against Illegal Use
You agree not to use your Card for illegal gambling or other
illegal purposes. Display of a payment card logo by, for example,
an online merchant does not necessarily mean that transactions
are lawful in all jurisdictions in which the Cardholder may
Please refer to the separate fee schedule for additional
information on fees.
You can get a receipt at the time you make any transfer to
or from your account using one of our ATMs.
Retain Copies for your Records
You should retain copies of all records including receipts,
credit slips (for returned merchandise), and cancellation numbers
(for cancelled reservations). You should also mark each transaction
in your account record (after leaving the terminal). You should
review your periodic statement for accuracy and compare your
account record against your periodic statement to reconcile
You will get a monthly statement from us for your checking
and savings account that will also include a record of transactions
made using your Card.
Limitations on our Liability
We will not be liable if:
- you do not have enough money in your account to make
- an ATM does not have sufficient cash
- a terminal or system is not working properly
- circumstances beyond our control (such as fire or flood)
prevent the transfer
- a merchant refuses to accept your Card
- an ATM rejects your Card
There may be other limitations on our liability.
Additional Risk Associated with Use of Business Purpose
You will not have the benefit of any consumer law limiting
liability with respect to the unauthorized use of your Card.
This means your liability for the unauthorized use of your Card
could be greater than the liability in a consumer debit card
transaction. You accept and agree to undertake the additional
risk and greater measure of liability associated with the use
of business purpose cards as described in this Agreement.
Your Liability for Unauthorized Transfers
You are liable for Card transactions you do not authorize
if we can prove that we processed the transaction in good faith
and in compliance with a commercially reasonable security procedure
to which we both agreed, unless otherwise required by law. Tell
us AT ONCE if you believe your Card and/or code has been lost
or stolen. Telephoning is the best way of keeping your possible
losses down. You could lose all the money in your account. If
your Card and/or code is lost, stolen or used without your permission,
you agree to notify us immediately and to promptly confirm such
notice in writing. Your liability for transactions with your
Card and/or code will continue until 2 business days after the
day we receive such written notice. If you do not notify us
within 60 days from when the periodic statement containing an
unauthorized transaction was first mailed or made available
to you, we will be entitled to treat the information in the
periodic statement as correct, and you will be precluded from
Contact in the Event of Unauthorized Transfer
If you believe your Card and/or code 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.
We will not be liable for any consequential or incidental
damages resulting from the unauthorized use of your Card.
You agree to examine your receipts and periodic statement
using ordinary care and to report any errors or problems to
us within a reasonable time. You agree that the time to examine
your statement and report to us will depend on the circumstances,
but will not, in any circumstance, exceed a total of 60 days
from when the statement containing the error or problem was
first mailed or made available to you. If you do not report
within 60 days, we will be entitled to treat such information
as correct and you will be precluded from asserting otherwise.
You further agree that if you fail to report to us within 14
days from when the statement was first mailed or made available
to you that we will not be required to pay interest on any refund
to which you may be entitled. We will only re-credit your account
for errors or problems as required by law.
Call or write us immediately with errors or questions about
your transactions at the telephone number or address listed
below. If you tell us orally, we may require your complaint
or question in writing within 14 business days.
If you provide us with timely notice of an error or problem
in your periodic statement, we will investigate the matter and
notify you of the results as soon as reasonably possible under
You may ask for copies of the documents that we used in our
Adirondack Bank, 185 Genesee Street,
Utica, NY 13501, 315-272-2500 or
877-404-2265 Option 1
After Hours, Holiday and Weekend Stolen Card Reporting: 1-800-554-8969.