Here's the latest news and announcements for the members of Arizona Financial Credit Union.
Early Pay Deposit disclosure
Early Pay Deposit is a feature of select checking accounts. This service allows Arizona Financial Credit Union (AZFCU) to make funds from Automated Clearing House (ACH) deposits (typically payroll funds) available to you up to two business days before our receipt of the funds made directly to your checking account.
Accounts featuring the Early Pay Deposit are automatically enrolled in the service. There is no opt-out option for these accounts. Therefore, if you do not wish to use this service, you may have ACH funds deposited into your savings account.
AZFCU, in its sole discretion, determines which direct deposits and deposit accounts qualify for the Early Pay Deposit based on criteria we establish, which can change without notice.
Factors such as the time of receipt, terms or coding of a payor’s ACH file, fraud prevention restrictions, and other confidential risk considerations may affect eligibility, and we do not guarantee the early availability of any deposit. Any direct deposit that does not qualify for Early Pay Deposit service will be made available according to our funds availability policy.
The Early Pay Deposit provisionally credits your account for an ACH transfer before we receive final settlement. If final settlement is not received, AZFCU may reverse the provisional credit or require you to refund us the amount provisionally credited, in which case the payor will not be considered to have paid you. Alternatively, we may debit your account to recover the funds without prior notice, even if it overdraws your account. In the event of an overdraft, you agree to pay the applicable overdraft fee as disclosed in AZFCU’s Rate and Fee Schedule.
AZFCU provides the Early Pay Deposit service as a courtesy at our sole discretion, and we may terminate, suspend, or modify the service at any time without notice to you.