You trust us. We reward you. Genius.
It's smart to deepen your relationship with us. It only makes sense.
At MAX, we reward you for your loyalty and trust. Our Loyalty Rewards Program pays you for using our smarter products and services, and for being part of our bright future. The concept is super simple. You trust us. We reward you.
Loyalty Rewards for 2013 were paid on January 30, 2014.
Want to earn more loyalty rewards this year? Make MAX your primary financial institution. You can grow your relationship with us by using more of our products and services, increasing your account balances with us and considering us first for loans. The more you choose MAX for your banking needs, the more we reward you for your loyalty. It's really that simple.
Our goal is to help you reach financial success. We recognize that your success is our success. Feel free to visit one of our locations to speak with a Member Service Consultant about opportunities to deepen your relationship with us and earn member loyalty rewards. It's just smarter banking.
Truth in Savings Disclosure for Business Share and Club Accounts
(PDF: 21.69 KB / 1 page)
Truth in Savings Disclosure for Business Money Market Accounts
(PDF: 42.38 KB / 1 page)
Truth in Savings Disclosure for Business Share Certificates Accounts
(PDF: 251 KB / 1 page)
Electronic Funds Transfer Act Disclosure
(PDF: 96KB/ 2 pages)
Expedited Funds Availability Act Disclosure
(PDF: 25KB / 1 page)
JennyMAX Telephone Teller Contract
(PDF: 48KB / 2 pages)
Automatic Teller (ATM) and MAX Check Card
(PDF: 50KB / 2 pages)
Mobile Deposit Service Terms and Conditions
(PDF: 331KB / 3 pages)
Online Branch Access Agreement and Disclosure
(PDF: 524KB / 12 pages)
MAX Business Visa Gold Credit Card Agreement
(PDF: 106KB / 2 pages)
(PDF: 231KB / 1 page)
What's all the hype about Regulation E?
You may have heard about changes banks have made to their overdraft policies and fees to comply with new federal regulation changes. Debate about regulations and congressional acts can be overwhelming and all you want to know is, "How does this affect me and my MAX account?" So, we are going to tell you - plain and simple.
What is the federal Regulation E Policy?
Regulation E is also known as the Electronic Funds Transfer Act. This policy provides guidelines for fees that financial institutions may charge when members overdraw on their accounts when performing electronic transactions such as debit, credit or ATM transactions.
"Regulation E provides a basic framework that establishes the rights, liabilities, and responsibilities of participants in electronic fund transfer systems such as automated teller machine transfers, telephone bill-payment services, point-of-sale (POS) terminal transfers in stores, and preauthorized transfers from or to a consumer's account (such as direct deposit and social security payments). The term "electronic fund transfer" (EFT) generally refers to a transaction initiated through an electronic terminal, telephone, computer, or magnetic tape that instructs a financial institution either to credit or to debit a consumer's asset account." Federal Reserve Board.
What is changing about this policy?
The new policy only allows financial institutions to charge fees on ATM and debit card transaction overdrafts if a customer opts-in to permit the bank or credit union to allow overdrafts on their accounts. In other words, customers must authorize their bank or credit union to show a negative balance and charge a fee for allowing ATM or debit card transactions to "go through" when there is not enough money in the account to cover that transaction.
Why haven't I received a new Regulation E policy for MAX?
MAX did not need to update its policy because the current procedures were already in line with the Federal Reserve's new regulations. MAX's policies were created to protect you from being charged unnecessary fees. The Federal Reserve made these new Reg E policy requirements for consumers' protection, but MAX was one step ahead by already having such policies in place.
What is MAX's Regulation E policy?
MAX's complete Regulation E policy is available in PDF format. Visit the Disclosures page to download a copy.