The MasterCard Check Card are issued for our Share Draft Checking account.
Should the credit union have grounds to revoke a debit card, you may be eligible for our ATM/POS Card.
Should you lose two cards in a calendar year, you will be assigned the standard grey ATM/POS card.
Check Cards are both PIN base and Non-PIN base transactions.
Daily card limit for debit card use is $1,000.00 per day.
The daily limit may be adjusted – submit a 24 hour notice in writing requesting a limit increase.
Daily card limit for the ATM usage is $600.00 but can vary depending on the ATM Machine set limit. A limit increase for ATM usage can NOT be adjusted.
FIRST FOUR ATM transaction types are Fee Free on the Tennessee Employees Credit Union side. This free fee does not reflect any charges incurred at the ATM machine.
$1.00 per use fee will be charged to your account after the 4th ATM transaction types and will be deducted from your account at the end of the month. This fee does not reflect any charges incurred at the ATM machine.
$8.00 fee for lost/stolen card to be replaced.
$5.00 fee for a lost/forgotten security PIN.
TNECU staff will NOT know your PIN, we will NOT have access to this information, and we will NEVER call asking for your PIN.
$12.00 fee for any card that requires a second embossed line.
Check Card will arrive in approximately 7 to 10 business days (not counting weekends) after being placed for order.
In separate mailings you will receive your PIN number approximately 3 business days later.
It is an explicit privacy violation to share your card or PIN with any person other than yourself. By doing so will cause a loss of privileges.
This card is the property of Tennessee Employees Credit Union. It may be revoked without notice to you, or repossessed by the issuer at any time, and must be surrendered upon demand. By signing or using the card, you acknowledge receipt of, and agree to be bound by, the issuer's terms and conditions.
You may not use your check card to rent or reserve an automobile.
Current and available balance
It is important to understand the difference between what is listed as your current balance and your available balance. These are not always the same figures.
Current Balance: Your account or current balance is the total amount of all the funds in your account at any time. This balance is changed at the close of business every day and stands as is until the close of business on the following day. While the term "current" may sound as thought the number you see is an up-to-date display of what's in your account, it is not always the case. Any purchases holds, fees, other charges or deposits made on the account after the posting period closes will not appear until the next business day's posting period.
Available Balance: Your available balance actually displays the amount of funds in your account that can be accessed immediately. Going over this balance causes overdraft in most cases, even if you adhere to the totals listed as your current or account balance. The available balance is immediately updated all day long to reflect charges, fees, and holds, pending transactions and cleared deposits as they happen. The bank also uses the available balance to calculate overdrafts and penalties should you exceed your limits.
Potential for Error: There potential for confusion when there are two different account balances available is obvious. Even if you disregard your current balance and always use the available balance as your reference point, there is still a chance for error. Your available balance may not reflect the true amount you have to spend if you make purchases overnight or if merchants fail to post a charge to your account immediately. In some cases, charges come through days later than expected. There is no foolproof way to eliminate potential errors completely unless you keep your transaction register updated by recording ALL transaction as soon as you make them and remembering to take into consideration any automatic payment scheduled to come out of your account.