What is the difference between ATM cards and debit (check) cards?
A. The primary difference is the network used to clear your funds. ATM cards use ATM networks and require a card number to link to the correct financial institution for payment. Groups of banks sometimes share ATM networks located throughout a region of the country. Debit (check) cards use the ACH (Automated Clearing House) network, which acts as the central clearing facility for all Electronic Fund Transfer transactions that occur nationwide. The Federal Reserve Banks operate an automated clearinghouse, as do some private-sector firms. Q. Are funds debited instantly from my checking account? A. No. Unlike debit cards, funds are moved within 48 hours of the purchase. Q. What should I do if I have a problem with an electronic check conversion transaction? A. Always review your account statement. You should immediately contact us if you see a problem. You have 60 days from the date your statement was sent to tell us about the problem. It may take up to 45 days from the time you notify us
