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Agreements & Disclosures

Mobile Banking Agreement and Disclosure

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MOBILE BANKING AGREEMENT AND DISCLOSURE

ADDENDUM TO ONLINE BANKING AGREEMENT & DISCLOSURE

 

THERE IS NO CHARGE FOR MOBILE BANKING IF YOU HAVE A MOBILESMART CHECKING ACCOUNT. OTHERWISE, THERE IS A $5.00 MONTHLY FEE FOR MOBILE BANKING.

 

I. Introduction

As an additional delivery channel for our Online Banking service, NVE Bank may provide to you mobile banking services which include, by way of example and not limitation, short message service (“SMS”) text banking, mobile web browser banking, and banking initiated by means of a downloadable application, accessible via a wireless handheld device such as a cell phone, smartphone, personal digital assistant or tablet computer (“Mobile Banking” or the “Service”). By enrolling in the Service, you agree to all the terms and conditions contained in this Agreement and Disclosure (the "Agreement"). We may offer additional Mobile Banking services and features in the future. Any such added Mobile Banking services and features will be governed by this Agreement and by any terms and conditions provided to you at the time the new Mobile Banking service or feature is added and/or at the time of enrollment for the feature or service, if applicable. From time to time, we may amend these terms and modify or cancel the Mobile Banking services we offer without notice, except as may be required by law.

 

This Agreement is an addendum to and supplements and amends any agreements you have entered into with NVE Bank, including without limitation the Online Banking Agreement and Bill Payment Service Terms and Conditions. Any deposit account, loan or other banking product accessed through this Service is also subject to the Depositor or Loan Account Agreements and Disclosures provided at the time of Account opening, or as the same may be subsequently amended or modified. You should review the Account disclosures carefully, as they may include transaction limitations and fees which might apply to your use of the Service. You acknowledge that any such agreements are incorporated by reference into this Agreement in their entirety and that you remain subject to all the terms and conditions of such agreements, except to the extent they conflict or are inconsistent with this Agreement, in which case the terms and conditions of this Agreement will control.

 

IMPORTANT: READ THE TERMS OF THIS AGREEMENT CAREFULLY BEFORE USING THE SERVICE. THIS AGREEMENT IS A LEGAL AGREEMENT BETWEEN YOU AND NVE BANK CONCERNING THE SERVICE. BY SELECTING THE “I ACCEPT THESE TERMS AND CONDITIONS” CHECK BOX OR USING THE SERVICE, EACH AN ACCEPTANCE OF THIS AGREEMENT, YOU ACKNOWLEDGE THAT YOU HAVE READ THIS AGREEMENT AND AGREE TO BE BOUND BY THE TERMS AND CONDITIONS OF THIS AGREEMENT.

 

II. Definitions

As used in this Agreement, the following words have the meanings given below:

 

"Account(s)" means your eligible NVE Bank Checking, Savings, Certificate of Deposit, or Loan account that can be accessed through Mobile Banking.

 

 “Deposit Account Agreement” means that by providing a written or electronic signature on a signature card or other agreement or contract, or by opening or continuing to hold an account with us, you agree to the current and subsequent terms and conditions on your account.

 

"Device" means a supportable mobile device including a cellular phone or other mobile device that is web-enabled and allows secure SSL traffic which is also capable of receiving text messages. Your wireless carrier may assess you fees for data or text messaging services. Please consult your wireless plan or provider for details.

 

“Disclosures” means information that we are required by law to provide or make available to you in writing - for example, Electronic Funds Transfers Disclosure, Funds Availability Disclosure, Truth in Savings Disclosures, privacy notice, adverse action notice, etc.

 

“Licensor” shall have the meaning as ascribed in Section VI.

 

“Licensor Software” shall have the meaning as ascribed in Section VI.

 

“Mobile Banking Software” shall have the meaning as ascribed in Section III.B.

 

“Software” means collectively or individually as the context may require, the Mobile Banking Software and the Licensor Software.

 

“Touch Banking” shall have the meaning as ascribed in Section VI.

 

“User Information” shall have the meaning as ascribed in Section VII.

 

"We," "Us," “Our” and "Bank" means NVE Bank.

 

"You" and "Your(s)," mean each person with authorized access to your Account(s) who applies and uses the Service.

 

III. The Service

 

A. Description of Service. Mobile Banking is offered as a convenience to you and as a supplemental service to our Online Banking services. It is not intended to replace access to Online Banking from your personal computer or other methods you use for managing your Accounts and services with us. Mobile Banking allows you to access your Account information, make payments to existing payees, transfer funds and conduct other banking transactions.

 

B. Use of Service. In order to properly use Mobile Banking, you should review and follow the instructions provided on our website. You agree to accept responsibility for learning how to use

Mobile Banking in accordance with the online instructions and agree that you will contact us directly if you have any problems with Mobile Banking. We may modify the Service from time to time at our sole discretion. In the event of any modifications, you are responsible for making sure you understand how to use Mobile Banking as modified. Any use of the Service after the Bank provides you notice of such modification will constitute your agreement to such change(s). You must obtain and maintain, at your own expense, compatible hardware and software. We are not responsible for

 

the functionality or maintenance of any such hardware or software you may need to use the Service. You also accept responsibility for making sure that you know how to properly use your Device and we will not be liable to you for any losses caused by your failure to properly use the Service or your Device.

 

To enroll: To utilize the Service, you must be enrolled in NVE Bank’s Online Banking service and logon to request mobile banking, select mobile services, and activate your Device within the Online Banking system. Once your Account is activated you may log on to your Account from your Device using one of the Services provided. We reserve the right to limit the types and number of Accounts eligible and the right to refuse to make any transaction you request through Mobile Banking. We may also reserve the right to modify the scope of the Service at any time.

 

Mobile Banking may not be accessible or may have limited utility over some network carriers. In addition, the Service may not be supportable for all Devices. The Bank cannot guarantee and is not responsible for the availability of data services provided by your mobile carrier, such as data outages or "out of range" issues. Mobile Banking and any software you may obtain from Mobile Banking (“Mobile Banking Software”) may not be available for reasons outside of the reasonable control of the Bank or any service provider. We do not assume responsibility or liability for any technical or other difficulties or any resulting damages that you may incur. We reserve the right to change, suspend, or terminate the Service or revoke your right of access to the Service immediately at any time and without notice to you.

 

Changes to your mobile number or device: If you purchase a new phone or device, but are using the same phone number and wireless mobile service provider you may have to reinstall previously downloaded applications. If you switch wireless mobile providers and/or phone numbers, you must log in to your Online Banking account on your personal computer and update your information by clicking on the Mobile Enrollment request link on the Requests page. You will not receive SMS Text messages regarding Mobile Banking transactions if your phone number is not correct.

 

Deactivate Service: If you no longer wish to have access to the Service you may deactivate the Service by logging on to your Online Banking account on your personal computer and updating your information by clicking on the Mobile Enrollment request link on the Requests page and deselecting “Mobile Access.” You may also contact us directly in writing to request deactivation of the Service. Requests should be directed to: NVE Bank, Online Banking Department, 76 Engle Street, Englewood, NJ 07631.  

 

C. Other Agreements. You agree that, when you use Mobile Banking, you remain subject to the terms and conditions of your existing agreements with any unaffiliated service providers, including, but not limited to, your mobile service provider and that this Agreement does not amend or supersede any of those agreements. You understand that those agreements may provide for fees, limitations and restrictions which might impact your use of Mobile Banking (such as data usage or text messaging charges imposed on you by your mobile service provider for your use of or interaction with Mobile Banking), and you agree to be solely responsible for all such fees, limitations and restrictions. You agree that only your mobile service provider is responsible for its products and services. Accordingly, you agree to resolve any problems with your provider directly without involving us.

 

 Use of Google Maps:  You agree to abide by the Google terms and conditions of use found at http://maps.google.com/help/terms_maps.html and the Google Legal Notices found at http://www.maps.google.com/help/legal notices_maps.html, or other URLs as may be updated by

Google.

 

D. Fees. There may be fees from the Bank for using Mobile Banking or any other service that can be accessed through Mobile Banking via Online Banking and Bill Pay. You agree that you are aware of the fees to use these services and you agree to pay for any fees generated by your use of these services. Fees may be automatically debited from your Account. The Service is separate and apart from any other charges that may be assessed by your wireless carrier for text messages sent to or received from the Bank. You are responsible for any fees or other charges that your wireless carrier may charge for any related data or message services, including without limitation for SMS.

 

IV. Permitted Mobile Banking Transfers.

You may use the Service to access your Accounts and conduct transfers that you agreed to in the Online Banking Agreement and Bill Payment Service Terms and Conditions. You must have sufficient funds available in the selected Account at the time the transfer request is received.

 

Federal regulations require financial institutions to limit the way withdrawals may be made from a savings or money market account. Each transfer from a savings or money market account using

Mobile Banking is counted as one of the six (6) limited transactions permitted each monthly statement cycle period, as described in the Deposit Account Agreement and Disclosures. You may be subject to fees or Account closure if you exceed the transaction limits of your Account using Mobile Banking or any other methods outlined in your Deposit Account Agreement and Disclosures.

 

You agree to confirm the completion of each transfer in your Account balance and transaction history before withdrawing transferred funds.

 

We may establish transaction limitations from time to time.

 

V. Your Responsibilities

You represent and agree to the following by enrolling in or using the Service:

 

A. Account Ownership/Accurate Information. You represent that you are the legal owner of the Accounts and other financial information which may be accessed via Mobile Banking. You represent and agree that all information you provide to us in connection with Mobile Banking is accurate, current and complete, and that you have the right to provide such information to us for the purpose of using Mobile Banking. You agree not to misrepresent your identity or your Account information. You agree to keep your Account information up to date and accurate. You represent that you are an authorized user of the Device you will use to access Mobile Banking.

 

B. User Security. You agree to take every precaution to ensure the safety, security and integrity of your Account and transactions when using Mobile Banking, including, if and when applicable, accepting all mobile application upgrades in a timely manner. You agree not to use any personally identifiable information when creating shortcuts to your Account. You agree not to leave your Device unattended while logged into Mobile Banking and to log off immediately at the completion of each access by you. You agree not to provide your username, password or other access information

 

to any unauthorized person, including anyone claiming to represent us. If you permit other persons to use your Device, login information, or other means to access Mobile Banking, you are responsible for closely and regularly monitoring their activities and any transactions they authorize, notifying the Bank immediately if you have any reason to believe the security or confidentiality required by this provision has been or may be breached, and immediately changing your password if you know or suspect the confidentiality of the password has been compromised in any way. We will not be liable for any damages resulting from these activities. We make no representation that any content or use of Mobile Banking is available for use in locations outside of the United States. Accessing Mobile Banking from locations outside of the United States is at your own risk. We reserve the right at all times to take actions to protect our systems and information, including denial of access to users of the Service.

 

C. User Conduct. You agree not to use Mobile Banking or the content or information delivered through Mobile Banking in any way that would: (a) infringe any third-party copyright, patent, trademark, trade secret or other proprietary rights or rights of privacy, including any rights in the

Software; (b) be fraudulent or involve the sale of counterfeit or stolen items, including, but not limited to, use of Mobile Banking to impersonate another person or entity; (c) violate any law, statute, ordinance or regulation (including, but not limited to, those governing export control, consumer protection, unfair competition, anti-discrimination or false advertising); (d) be false, misleading or inaccurate; (e) create liability for us or our affiliates or service providers, or cause us to lose (in whole or in part) the services of any of our service providers; (f) be defamatory, trade libelous, unlawfully threatening or unlawfully harassing; (g) potentially be perceived as illegal, offensive or objectionable; (h) interfere with or disrupt computer networks connected to Mobile Banking; (i) interfere with or disrupt any other user’s use of Mobile Banking; or (j) use Mobile Banking in such a manner as to gain unauthorized entry or access to the computer systems of others.

 

D. No Commercial Use or Re-Sale. You agree that the Service is only for your personal use, or the use of individuals authorized to access your Account information. You agree not to make any commercial use of Mobile Banking or resell, lease, rent or distribute access to Mobile Banking.

 

E. Indemnification. You agree to indemnify, defend and hold harmless the Bank, its affiliates and our providers of services and their respective affiliates, and each of our and their respective officers, directors, employees, consultants, agents, shareholders, service providers and licensors from any and all third party claims, actions, losses, liability, damages, expenses and costs (including, but not limited to, reasonable attorneys' fees) caused by or arising from (a) a third party claim, dispute, action, or allegation of infringement, misuse, or misappropriation based on information, data, files, or otherwise in connection with the Service; (b) your violation of any law or rights of a third party; (c) your violation of your responsibilities as described in this Agreement; or (d) your use, or a third party’s use, of Mobile Banking.

 

VI. License and Use of the Downloadable Application (Touch Banking)

the Bank offers their customers mobile access to their Account information (e.g., for checking balances and last transactions) via a downloadable application, Touch Banking – Fiserv, Inc. (“Touch Banking”).

 

Ownership. You acknowledge and agree that a third party provider or licensor to the Bank ("Licensor") is the owner of all right, title and interest in and to the downloaded software used to

 

access the Service from the Bank and the computer programs contained therein in machine readable object code form as well as any accompanying user documentation along with all subsequent copies, updates or versions thereof which are made available to you (if any), regardless of the media or form in which they may exist (collectively, the "Licensor Software").

 

License. You must agree to, and you are subject to, the Touch Banking End User License Agreements in order to use the application.

 

Restrictions. You shall not: (i) modify, revise or create any derivative works of the Software; (ii) decompile, reverse engineer or otherwise attempt to derive the source code for the Software; (iii) redistribute, sell, rent, lease, sublicense, or otherwise transfer rights to the Software; or (iv) remove or alter any proprietary notices, legends, symbols or labels in the Software, including, but not limited to, any trademark, logo or copyright.

 

Disclaimer of Warranty. YOU ACKNOWLEDGE THAT YOUR USE OF THE SERVICE AND SOFTWARE IS AT YOUR OWN RISK AND DISCRETION AND ANY INFORMATION, CONTENT, MATERIALS THEREIN OR FUNCTIONS MADE ACCESSIBLE BY THE SERVICE OR SOFTWARE IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT. NO WARRANTY IS PROVIDED THAT THE SERVICE OR SOFTWARE WILL BE FREE FROM DEFECTS OR VIRUSES OR THAT OPERATION OF THE SERVICE OR SOFTWARE WILL BE UNINTERRUPTED. YOU ARE SOLELY RESPONSIBLE FOR ANY DAMAGE RESULTING FROM THE USE OF THE SERVICE AND SOFTWARE AND ANY OTHER MATERIAL OR SERVICES DOWNLOADED OR MADE AVAILABLE TO YOU THROUGH THE SERVICE AND SOFTWARE.

 

Limitation of Liability. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL LICENSOR, THE BANK, OR ANY OF OUR OR THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, CONTRACTORS OR PROVIDERS OR ANY OF OUR OR THEIR AFFILIATES BE LIABLE FOR ANY DAMAGES ARISING OUT OF THE USE OR INABILITY TO USE THE SERVICE OR SOFTWARE, INCLUDING BUT NOT LIMITED TO ANY DIRECT, INDIRECT, GENERAL, SPECIAL, INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES, EVEN IF ADVISED OF THE POSSIBILITY THEREOF, AND REGARDLESS OF THE LEGAL OR EQUITABLE THEORY (CONTRACT, TORT OR OTHERWISE) UPON WHICH ANY CLAIM IS BASED. IN ANY CASE, LIABILITY OF LICENSOR, THE BANK, OR ANY OF THE OTHER PERSONS OR ENTITIES DESCRIBED IN THE PRECEDING SENTENCE ARISING OUT OF THE USE OR INABILITY TO USE THE SERVICE OR SOFTWARE SHALL NOT EXCEED IN THE AGGREGATE THE LESSER OF $10.00 OR THE SUM OF THE FEES PAID BY YOU FOR THIS LICENSE.

 

VII. Privacy and User Information

You acknowledge that in connection with your use of Mobile Banking, the Bank and its affiliates and service providers, including Fiserv, Inc. and its affiliates, may receive and may share with one another names, domain names, addresses, passwords, telephone and device numbers, the content of messages, data files and other data and information provided by you or from other sources in connection with Mobile Banking or the Software (collectively “User Information”).   The Bank and

 

its affiliates and service providers will maintain reasonable safeguards to protect the information from unauthorized disclosure or use, but reserve the right to use and disclose this information as reasonably necessary to deliver Mobile Banking and as otherwise permitted by law, including compliance with court orders or lawful instructions from a government agency, to protect the personal safety of subscribers or the public, to defend claims, and as otherwise authorized by you. 

 

The Bank and its affiliates and service providers also reserve the right to monitor use of Mobile Banking and the Software for purposes of verifying compliance with the law, these terms and conditions and any applicable license, but disclaim any obligation to monitor, filter, or edit any content.

VIII. Restrictions on Use.

You agree not to use Mobile Banking or the Software in connection with any illegal, fraudulent, unauthorized or improper manner or purpose. The Service and Software will only be used in compliance with all applicable laws, rules and regulations, including all applicable state, federal, and international Internet, data, telecommunications, telemarketing, “spam,” and import/export laws and regulations, including the U.S. Export Administration Regulations.  Without limiting the foregoing, you agree that you will not use Mobile Banking or the Software to transmit or disseminate:  (i) junk mail, spam, or unsolicited material to persons or entities that have not agreed to receive such material or to whom you do not otherwise have a legal right to send such material; (ii) material that infringes or violates any third party’s intellectual property rights, rights of publicity, privacy, or confidentiality, or the rights or legal obligations of any wireless service provider or any of its clients or subscribers; (iii) material or data, that is illegal, or material or data, as determined by the Bank, in its sole discretion, that is harassing, coercive, defamatory, libelous, abusive, threatening, obscene, or otherwise objectionable, materials that are harmful to minors or excessive in quantity, or materials the transmission of which could diminish or harm the reputation of the Bank or any third-party service provider involved in the provision of Mobile Banking; (iv) material or data that is alcoholic beverage-related (e.g., beer, wine, or liquor), tobacco-related (e.g., cigarettes, cigars, pipes, chewing tobacco), guns or weapons-related (e.g., firearms, bullets), illegal drugs-related (e.g., marijuana, cocaine), pornographic-related (e.g., adult themes, sexual content), crime-related (e.g., organized crime, notorious characters), violence-related (e.g., violent games), death-related (e.g., funeral homes, mortuaries), hate-related (e.g. racist organizations), gambling-related (e.g., casinos, lotteries), specifically mentions any wireless carrier or copies or parodies the products or services of any wireless carrier; (v) viruses, Trojan horses, worms, time bombs, cancelbots, or other computer programming routines that are intended to damage, detrimentally interfere with, surreptitiously intercept or expropriate any system, data, or personal information; (vi) any material or information that is false, misleading, or inaccurate; (vii) any material that would expose  the Bank, any third-party service provider involved in providing Mobile Banking, or any other third party to liability; or (viii) any signal or impulse that could cause electrical, magnetic, optical, or other technical harm to the equipment or facilities of Fiserv or any third party.  You agree that you will not attempt to:  (a) access any software or services for which your use has not been authorized; or (b) use or attempt to use a third party’s account; or (c) interfere in any manner with the provision of Mobile Banking or the Software, the security of Mobile Banking or the Software, or other customers of Mobile Banking; or (d) otherwise abuse Mobile Banking or the Software.

Miscellaneous. This Agreement constitutes the entire agreement between the parties concerning the subject matter hereof. This Agreement will be governed by and construed in accordance with the

 

laws of the state of New Jersey, excluding that body of laws pertaining to conflict of laws. If any provision of this Agreement is determined by a court of law to be illegal or unenforceable, such provision will be enforced to the maximum extent possible and the other provisions will remain effective and enforceable. All disputes relating to this Agreement are subject to the exclusive jurisdiction of the courts of New Jersey and the parties expressly consent to jurisdiction and venue thereof and therein. The parties confirm that this Agreement and all related documentation is and will be in the English language. The application of the United Nations Convention on Contracts for the International Sale of Goods is hereby expressly waived and excluded.

 

Agreement and Acknowledgement. You expressly agree that you have carefully read this Agreement and will carefully read all materials provided by the Bank in connection with this Agreement and agree that these terms and conditions will control the obligations of the parties for the Service.

 

If you have any questions regarding the above disclaimers or need additional information regarding the Service, please contact us at 201-816-2800.

 

 

 

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April 11, 2017

Online Banking Browser Compatibility Change

NVE Bank will be enhancing Online Banking security by disabling Transport Layer Security (TLS) 1.0 and 1.1 so that we can maintain the highest standards for our data security and to align with the payment card industry data security standards (PCI DSS) and industry best practices. Our customers will need to verify if their operating systems (OS) or browsers support TLS 1.2 and upgrade if necessary. Failure to do so may result in connection errors.

Below is a basic TLS 1.2 compatibility chart. Please contact NVE Bank at (201) 816-2800 for full details.

Browsers and Operating Systems TLS 1.2 Compatibility Notes
Microsoft Edge Compatible by default
Microsoft IE Desktop and mobile Version 11 Compatible by default
Microsoft IE Desktop versions 9 and 10

Capable when run in Windows 7 or newer, but not enabled by default

Firefox 27 and higher Compatible by default
Goggle Chrome 38 and higher Compatible by default
Mobile Safari versions 5 and higher Compatible by default
Microsoft Windows Server 2008 R2 and higher Compatible by default
Microsoft Windows Server 2008 and below Not compatible with TLS 1.2
Microsoft Windows 7, 8.0, 8.1 and 10 Compatible by default
Microsoft XP/Vista and below Not compatible with TLS 1.2

 

 

 

 

 

 

 

 

 

 

March 16, 2016

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