Get Financial Institution Debit Card Coverage Application - Onebeacon ...

Filling out the Financial Institution Debit Card Coverage Application is a straightforward process that requires careful attention to detail. This guide provides a step-by-step approach to accurately complete the application and ensure that all necessary information is included.

Follow the steps to successfully complete the application online.

1. Click ‘Get Form’ button to obtain the form and open it in your preferred editing tool.
2. Begin by entering the name of the financial institution. Make sure to include all entities applying for coverage, along with any subsidiaries.
3. Fill in the address, telephone and fax numbers, FDIC number, and website of the institution.
4. In the general information section, specify the requested per loss limit of indemnity and deductible.
5. Indicate the types of cards issued by your financial institution, including the number of debit/check and credit cards.
6. Provide the average monthly number and dollar amount of debit and credit card transactions.
7. Detail the average monthly actions at ATMs owned or operated by the financial institution, including transaction amounts.
8. Address the underwriting information by indicating if proper training and procedures are in place for employees.
9. Supply details regarding the issuance and mailing process of debit, credit, and ATM cards.
10. Document the activation procedures for new and renewal cards, and establish daily withdrawal and purchase limits.
11. Outline any systems or procedures in place for validating transactions and detecting suspicious activities.
12. Conclude by providing details on any debit/credit card losses or pending litigation in the past three years.
13. Before finalizing, ensure all relevant documents are attached, including procedures for card issuance and a sample application.
14. After filling out the form, save your changes. Options will typically include downloading, printing, or sharing the completed application.

Complete your Financial Institution Debit Card Coverage Application online today for comprehensive coverage.