AFCU Sets $40 ATM Withdrawal Limit
Visa Security Breach Reason For Out-Of-State Limit, AZ Federal Credit Union Employee Says
POSTED: 2:53 pm MST September 4,
2009
UPDATED: 3:24 pm MST September 4,
2009
PHOENIX -- Some Arizona Federal Credit Union members traveling out of state for the holiday weekend may face an unwelcome surprise: a $40 limit on ATM withdrawals.If the ATM charges fees, customers can only withdraw $20.In a phone call with CBS 5 News, a credit union employee said the recently instituted policy came after a Visa security breach.The employee did not provide details on the security breach.Credit union President and CEO Ron Westad confirmed that AFCU instituted the $40 credit limit for some of its customers; however, he also said the 2,000 customers affected represent only 1 percent of credit union members.If customers need cash, Westad recommended customers use their Visa debit cards at businesses that offer "cash back."Westad also said customers who don't have that option can call the credit union and have the limit increased.
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