• Did you receive a letter about your Clarkston State Bank Routing Number retiring and have questions? The correct line to contact us is 248-886-0086 .

  • For your convenience, please note Waterford Bank's Routing Number is: 041215854

Electronic Funds Transfer Notice

Waterford Bank, N.A.

Your Rights and Responsibilities

The Electronic Fund Transfers we are capable of handling for consumers are indicated below, some of which may not apply to your account. Some of these may not be available at all terminals. Please read this disclosure carefully because it tells you of your rights and obligations for these transactions. You should keep this notice for future reference.

Types of Transfers, Frequency and Dollar Limitations

(a) Prearranged Transfers. Preauthorized credits. You may make arrangements for certain direct deposit to be accepted into your checking and/or saving account(s). Preauthorized payments. You may make arrangements to pay certain recurring bills from your checking and/or saving account(s).

(b) ATM Transfers. You may access your account(s) by ATM using your Waterford Bank debit card and a personal identification number to:

  • Transfer funds from savings to checking and/or checking to savings account.
  • Get checking and savings account information.

(c) Point-of-Sale Transactions. Using your card:

  • You may access your checking account to purchase goods in person, by phone, by computer, pay for services in person, by phone, merchant, by computer, get cash from a merchant, if the merchant permits, or from a participating financial institution, and do anything that a participating merchant will accept.
  • You may not exceed more than $1,000.00 in transactions per day.

(d) Computer Transfers.

  • Transfer funds from checking to savings and/or savings to checking account.
  • Make payments from checking or savings accounts to loan accounts with us.
  • Get checking and savings account(s) information.
  • Make payments to other institutions by using the bill payment option.

(e) Telephone Transfers. You may access your account(s) by telephone at 1-866-707-2873, using a touch-tone phone, your account numbers, and PIN (personal identification number) to:

  • Transfer funds from checking to savings or savings to checking.
  • Make payments from checking or savings account(s) to loan accounts with us.
  • Get checking and savings account information.

(f) Electronic Fund Transfer Initiated By Third Parties.

You may authorize a third party to initiate electronic fund transfers between your accounts and the third party’s account. These transfers to make or receive payments may be one-time occurrences or may recur as directed by you. These transfers may use the Automated Clearing House (ACH) or other payments network. Your authorization to the third party to make these transfers can occur in a number of ways. For example, your authorization to convert a check to an electronic fund transfer or to electronically pay a returned check charge can occur when a merchant provides you with notice and you go forward with the transaction (typically, at the point of purchase, a merchant will post a sign and print the notice on a receipt). In all cases, these third party transfers will require you to provide the third party with your account number and financial institution information. This information can be found on your check as well as on a deposit or withdrawal slip. Thus, you should only provide your financial institution and account information (whether over the phone, the Internet, or via some other method) to trusted third parties whom you have authorized to initiate these electronic fund transfers. Examples of these transfers include, but are not limited to:

With your user ID and Password you:

May access your account(s) by the computer at www.waterfordbankna.com.

Get cash withdrawals from checking and/or savings accounts, subject to your daily limit. When you use an ATM not owned by us, the ATM operator may charge you a fee. We will waive these fees up to $30.00 or 10 transactions per calendar month per ATM/Debit Card, whichever occurs first.


(a) Preauthorized Credits. If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you can call us at 419-720-3900 or check online to find out whether or not the deposit has been made.

(b) Periodic statements. You will get a monthly account statement from us, unless there are no transfers in a particular month. In any case you will get a statement at least quarterly. You will get a quarterly statement from us on your savings account if the only possible electronic transfer to or from the account is a preauthorized credit.

Preauthorized Payment

(a) Right to stop payment and procedure for doing so. If you have told is in advance to make regular payments out of your account, you can stop any of these payments. Here’s how:

(b) Notice of varying amounts. If these regular payments may vary in amount, the person you are going to pay will tell you, 10 days before each payment, when it will be made and how much it will be. (You may choose instead to get this notice only when the payment would differ by more than a certain amount from the previous payment, or when the amount would fall outside certain limits that you set.)

(c) Liability for failure to stop payment of preauthorized transfer. If you order us to stop one of these payments 3 business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages.

Electronic check conversion. You may authorize a merchant or other payee to make a one-time electronic payment from your checking account using information from your check to pay for purchases or pay bills. You may make payments by electronic check from checking or savings accounts.

Electronic returned check charge. You may authorize a merchant or other payee to initiate an electronic fund transfer to collect a charge in the event a check is returned for insufficient funds. You may make electronic payment of charges for checks returned for insufficient funds from checking and savings accounts.

General Limitations

In addition, Federal regulation limits to 6 per cycle the number of preauthorized, electronic and telephone transfers (ACH, EFT, fax, computer, wires and transfers to deposit accounts) from money market accounts.

Temporary Limitations

Online banking and bill payment online will not be available until your identity is verified. Once your identity has been verified, any limits disclosed to you will apply.


We waive the first $30 or 10 transactions, whichever comes first, per ATM card per month.

ATM Operator Fee

(a) Terminal Transfers. You can get a receipt at the time you make any transfer to or from your account using one of our automated teller machines or point-of-sale terminals. We charge $25.00 for each stop payment. Call or write us at the telephone number or address listed in this disclosure, in time for us to receive your request 3 business days or more before the payment is scheduled to be made. If you call, we may also require you to put your request in writing and get it to us within 14 days after you call.

Unauthorized Transfers

(a) Consumer Liability. Tell us at once if you believe your card and/or code has been lost or stolen, or if you believe that an electronic fund transfer has been made without your permission using information from your check. Telephoning is the best way of keeping your possible losses down. You could lose all the money in your account (plus your maximum overdraft line of credit). If you tell us within 2 business days after you learn of the loss or theft of your card and/or code, you can lose no more than $50 if someone used your card and/or code without your permission. Also, if you do NOT tell us within 2 business days after you learn of the loss or theft of your card and/or code, and we can prove we could have stopped someone from using your card and/or code without your permission if you had told us, you could lose as much as $500. Also, if your statement shows transfers that you did not make, including those made by card, code or other means, tell us at once. If you do not tell us within 60 days after the statement was mailed to you, you may not get back any money you lost after the 60 days if we can prove that we could have stopped someone from taking the money if you had told us in time.

Visa Card Debit. Additional Limits on Liability for $50.00. Unless you have been grossly negligent or have engaged in fraud, you will not be liable for unauthorized transactions using your lost or stolen Visa card. This additional limit on liability does not apply to ATM transactions or to transactions using your Personal Identification Number, which are not processed by Visa. Visa is a registered trademark of Visa International Service Association.

(b) Contact in event of unauthorized transfer. If you believe your card and/or code has been lost or stolen, call or write us at the telephone number or address listed at the end of this disclosure. You should also call the number or write to the address listed at the end of this disclosure if you believe a transfer has been made using the information from your check without your permission.

Error Resolution Notice

In case of errors or questions about your electronic transfers, call or write us at the telephone number or address listed below, as soon as you can, 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 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 are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information.
  3. Tell us the dollar amount of the suspected error.

Financial Institution’s Liability

(a) Liability for failure to make transfers. 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:

  • If, through no fault of ours, you do not have enough money in your account to make the transfer.
  • If the transfer would go over the credit limit on your overdraft line.
  • If the automated teller machine where you are making the transfer does not have enough cash.
  • If the terminal or system was not working properly and you knew about the breakdown when you started the transfer.
  • If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken.
  • There may be other exceptions stated in our agreement with you.


We will disclose information to third parties about your account or the transfers you make:

  1. Where it is necessary for completing transfers; or
  2. In order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant; or
  3. In order to comply with government agency or court orders; or if a good reason (such as a long trip or a hospital stay) kept you from telling us, we will extend the time period. If you tell us orally, we may require that you send us your complaint or question in writing within 10 business days.

Waterford Bank N.A.
3900 McCord Rd
Toledo, Ohio 43617

Business Days are Monday – Friday, excluding Federal holidays

We will determine whether an error occurred within 10 business days (5 business days if involving a Visa transaction or 20 business days if the transfer involved a new account) after we hear from you and will correct any error promptly. If we need more time, however, we may take up to 45 days (90 days if the transfer involved a new account, a point-of-sale transaction, or a foreign-initiated transfer) to investigate your complaint or question. If we decide to do this, we will credit your account within 10 business days (5 business days if involving a Visa transaction or 20 business days if the transfer involved a new 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 business days, we may not credit your account. An account is considered a new account for 30 days after the first deposit is made, if you are a new customer. We will tell you the results within three business days after completing our investigation. If we decide that there was no error, we will send you a written explanation.

You may ask for copies of the documents that we used in our investigation.


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