Terms of Service

1. Agreement to Terms

By accessing or using Allied Savings' online banking services ("Services"), you agree to be bound by these Terms of Service ("Terms"). If you do not agree, do not use the Services.

2. Eligibility

You must be at least 18 years old, a U.S. resident, and have a valid Social Security Number to open an account. You must provide accurate, complete information during application.

3. Account Opening

• All applications are subject to verification and approval
• We may request additional documentation (ID, proof of address)
• We reserve the right to deny any application
• Approved accounts are activated upon first deposit

4. Deposits and Withdrawals

• Deposits are subject to our Funds Availability Policy
• Electronic transfers typically process within 1-3 business days
• Withdrawals may be limited by daily/monthly limits
• We may place holds on suspicious or large deposits

5. Fees and Charges

• Monthly Maintenance: $0 for standard accounts
• Overdraft: $35 per item (opt-in required)
• Outbound Wire: $25 domestic, $45 international
• Stop Payment: $30 per request
• Paper Statement: $3/month (e-statements free)
• Full fee schedule available upon request

6. Electronic Transfers

• ACH transfers: 1-3 business days, no fee
• Wire transfers: same day (cutoff 2 PM ET), fees apply
• External account linking requires verification
• Transfer limits apply (daily: $50,000, monthly: $200,000)

7. Debit Card

• Issued upon account opening (opt-out available)
• Daily purchase limit: $5,000; ATM limit: $500
• Report lost/stolen cards immediately: 1-800-555-0198
• Unauthorized transactions: $0 liability if reported promptly

8. Account Security

• You are responsible for safeguarding login credentials
• Multi-factor authentication is required
• Report unauthorized access immediately
• We may freeze accounts for suspicious activity

9. Account Freezing and Closure

• We may freeze accounts for: fraud suspicion, legal orders, regulatory compliance, terms violations
• You may close your account at any time (zero balance required)
• We may close accounts with 30 days' notice for inactivity or risk
• Funds returned via check to address on file

10. Error Resolution

Report errors within 60 days of statement date. We investigate within 10 business days (20 for new accounts). Provisional credit may be issued during investigation.

11. Dispute Resolution

• Contact us first to resolve disputes
• Binding arbitration for unresolved disputes (opt-out within 30 days)
• Class action waiver applies
• Governing law: State of New York

12. Limitation of Liability

Allied Savings is not liable for indirect, incidental, or consequential damages. Maximum liability limited to actual direct damages up to account balance.

13. Changes to Terms

We may modify these Terms with 30 days' notice. Continued use constitutes acceptance.

14. Contact