Common use of ACH Transactions Clause in Contracts

ACH Transactions. For ATM and one-time debit card transactions, you must affirmatively consent to such coverage. Without your consent, we may not authorize and pay ATM or one-time debit card transaction that will result in insufficient funds in your account. If you have established our Standard Overdraft Protection Program linking your share or deposit account with other suffixes within your account, you authorize us to transfer funds from another suffix of yours to cover an insufficient item, including transfers from a share or deposit account or your Credit Card account if you so designate. Services and fees for these transactions are shown in the document we use to capture affirmative consent and in our Fee Schedule. Except as otherwise agree in writing, if we exercise our right to use our discretion to pay such items that result in an insufficiency of funds in your account, we do not agree to pay them in the future and may discontinue coverage at any time without notice. If we pay these items or impose a fee that results in insufficient funds in your account, you agree to pay the insufficient amount, including the fee assessed by us, in accordance with our Courtesy Pay Overdraft Program or any other service you may have authorized with us, or if you not have such protections with us, in accordance with any overdraft payment policy we have, as applicable. Order of Payments Checks, drafts, transactions, and other items may not be processed in the order that you make them or in the order that we receive them. We may, at our discretion, pay a check, draft, or item, and execute the other transactions on your account in any order we choose. The order in which we process checks, drafts, or items, and execute other transactions on your account may affect the total amount of overdraft fees that may be charged to your account. Please contact us if you have any questions about how we pay checks or drafts and process transfers and withdrawals. Postdated and Stale dated Checks or Drafts You agree not to issue any check or draft that is payable on a future date (postdated). If you do issue a check or draft that is postdated and we pay it before that date, you agree that we shall have no liability to you for such payment. You agree not to deposit checks, drafts, or other items before they are properly payable. We are not obligated to pay any check or draft drawn on your account presented more than six (6) months past its date.

ACH Transactions. For ATM We may accept on your behalf payments to your accounts which have been transmitted through one or more Automated Clearing Houses (ACH) and one-time debit card transactionswhich are not subject to the Electronic Fund Transfer Act and your rights and obligations with respect to such payments shall be construed in accordance with and governed by laws of the state of New York as provided by the operating rules of the National Automated Clearing House Association, which are applicable to ACH transactions involving your accounts. Credit given by us with respect to an ACH credit entry is provisional until we receive final settlement for such entry through the Federal Reserve Bank. If we do not receive such final settlement, you must affirmatively consent are hereby notified and agree that we are entitled to a refund of the amount credited to your account in connection with such coverageentry, and the party making payment to you via such entry shall not be deemed to have paid you the amount of such entry. Without Under the operating rules of the National Clearing House Association, which are applicable to ACH transactions involving your consentaccounts, we are not required to give next day notice to you of receipt of an ACH item and we will not do so. However, we will continue to notify you of the receipt of payments in the periodic statements we provide to you. ACH AND WIRE TRANSFER: We may (but are not obligated to) accept instructions from you to initiate ACH transfers of funds from your accounts. In addition, we may (but are not authorize obligated to) execute your payment orders for wire transfer of funds from your accounts. We may, in our sole discretion, establish transaction limits or other conditions applicable to ACH or wire transfers requested by you. Such conditions may include requiring you to enter into a Business Online Banking Access Agreement and/or other agreements specifying additional terms and pay ATM conditions applicable to your ACH or onewire transfer transactions. STOP PAYMENTS: Unless otherwise provided, the rules in this section cover stopping payment of items such as checks and drafts drawn on your accounts. Fees for stop-payment orders are set forth on our schedule of fees applicable to your accounts, as in effect from time to time. You may not stop payment on any certified check, official check, or any other check, draft, or payment guaranteed by us. Rules for stopping payment of other types of transfers of funds may be established by law or our policy or a separate agreement with you applicable to such transfers. We may accept an order to stop payment on any item from any account holder. Any account holder may stop payment on any item drawn on your account whether that account holder signed the item or not. You must make any stop-payment order in the manner required by law, and we must receive it in time to give us a reasonable opportunity to act on it before our stop- payment cutoff time. If the stop-payment order is not received in time for us to act upon the order, we will not be liable to you or to any other party for payment of the draft. When you place your stop-payment order we will tell you what information we need to stop payment. To be binding, an order must be dated, signed, and describe the account and item number and the exact amount. This information must be exact since stop-payment orders are handled electronically. If your information is not exact, your order will not be effective and we will not be responsible for failure to stop payment. We may also accept a stop-payment order you provide us electronically through our secure website. Generally, if your stop-payment order is given to us in writing or electronically through the secure website, it is effective for six (6) months. Your order will lapse after that time if you do not renew the order in writing or electronically through the secure website before the end of the six-month period. If the original stop-payment order was oral, your stop-payment order will lapse after fourteen (14) calendar days if you do not confirm your order in writing or electronically through the secure website within that time period. We are not obligated to notify you when a stop-payment order expires. A release of the stop-payment order may be made only by an account holder. Although payment of an item may be stopped, you may remain liable to any item holder, including us. If you stop payment on an item and we incur any damages or expenses because of the stop payment, you agree to indemnify us for those damages or expenses, including attorneys' fees. You assign to us all rights against the payee or any other holder of the item. You agree to cooperate with us in any legal actions that we may take against such persons. You should be aware that anyone holding the item may be entitled to enforce payment against you despite the stop-payment order. RIGHT TO PAY OR RETURN: If a check, draft, transfer, ACH debit entry, debit card transaction that will result in insufficient transaction, or other electronic transactions is presented without sufficient funds in your accountaccount to pay it, we may, at our discretion, pay it (creating an overdraft) or return it (NSF). If you have established our Standard Overdraft Protection Program linking your share We may honor overdrafts of electronic transaction types such as, but not limited to, debit card, ACH, point of sale, or deposit account with other suffixes within your account, you authorize us to transfer funds from another suffix of yours to cover an insufficient item, including transfers from a share or deposit account or your Credit Card account if you so designateonline banking transactions. Services and fees for these transactions are shown in the document Unless we use to capture affirmative consent and in our Fee Schedule. Except as otherwise agree in writing, if we exercise our will not honor overdrafts of any type from the ATM or transactions conducted in person with a banking representative. While we reserve the right to use our discretion pay or not pay any item presented without sufficient funds, you may request that we not pay such items. In that case, we will return any item presented without sufficient funds (NSF). If you prefer that we not pay such items, you must contact us by calling us or by writing us and informing us that you do not want us to pay such any items that result presented without sufficient funds. If you do not notify us, we retain the right, in an insufficiency our discretion, to pay or not pay any item presented without sufficient funds. The amounts of the overdraft and NSF fees are disclosed in our schedule of fees applicable to your accounts, as in effect from time to time. OVERDRAFTS: If at any time, the available funds in your account are not sufficient to cover checks, draft, transfers, ACH debit entries, debit cards, or other electronic transactions presented for payment on your account, those checks and items will be handled in accordance with our overdraft procedures. You will be obligated to pay, and your account will then be subject to, a fee for the item, whether paid or returned, as set forth in our schedule of fees applicable to your accounts, as in effect from time to time. A fee is imposed for any overdraft created by checks, ACH, debit cards, or by other electronic means. Additionally, more than one overdraft fee may be charged against an account per day, depending on the number of checks, items, or other transactions presented on, and other withdrawals made from, the account. Except as otherwise agreed in writing, by covering one or any overdraft, we do not agree to pay them cover overdrafts in the future and may discontinue coverage covering overdrafts at any time without noticetime. If we pay these items a check, item or impose a fee other transaction that results in insufficient funds in would otherwise overdraw your account, you agree to pay the insufficient amount, including overdrafted amount to us immediately. We reserve the fee assessed by us, in accordance with our Courtesy Pay Overdraft Program or right to pursue collection of previously dishonored items at any other service you may have authorized with us, or if you not have such protections with us, in accordance with any overdraft payment policy we have, as applicabletime. Order of Payments Checks, drafts, PAYMENT ORDER OF ITEMS: We process and post transactions, both credits and other items may not be processed in debits, throughout the order that you make them or in the order that we receive them. We may, at our discretion, pay a check, draft, or item, and execute the other transactions on your account in any order we chooseday. The order in which you write checks and authorize other withdrawals from your Account will not necessarily be the same as the order in which we process checks, drafts, or items, receive and execute other post these transactions on to your account may Account. This can affect the total amount of overdraft fees that may be charged to incurred on your account. Please contact us if TRANSFER LIMITATIONS: For savings and money market accounts you have any questions about how we pay checks or drafts and process transfers and withdrawals. Postdated and Stale dated Checks or Drafts You agree not may make up to issue any check or draft that is payable on a future date (postdated). If you do issue a check or draft that is postdated and we pay it before that date, you agree that we shall have no liability to you for such payment. You agree not to deposit checks, drafts, or other items before they are properly payable. We are not obligated to pay any check or draft drawn on your account presented more than six (6) months past its datetransfers or withdrawals by means of a preauthorized, automatic, computer, or telephonic transfer to another account of yours or (for money markets account only) to a third party by check, debit card, or similar order during any calendar month (or statement cycle of at least four (4) weeks). A preauthorized transfer includes any arrangement with us to pay a third party from your account at (i) a predetermined time; (ii) on a fixed schedule or (iii) upon oral or written orders including orders received through ACH. If the transfer or withdrawal is initiated in person, by mail, or at an ATM then there is no limit. Withdrawals by phone are also unlimited if you are requesting that a check payable to you be mailed to you. The fee for withdrawals by check is set forth in our schedule of fees applicable to your accounts, as in effect from time to time. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to the removal of the ability to perform preauthorized transactions or reclassification. In addition, we may charge your account an excess withdrawal fee. You can find the amount of the fee on our website, xxx.xxxxxxx.xxx, with the information about interest rates for savings and money market accounts. TELEPHONE TRANSFERS: A telephone transfer of funds from one of your accounts to another account with us, if otherwise arranged for or permitted, may be made by the same persons and under the same conditions generally applicable to withdrawals made in writing. Unless a different limitation is disclosed in writing, we restrict the number of transfers from a savings account to another account or to third parties, to a maximum of six (6) per month (less the number of "preauthorized transfers" during the month).

ACH Transactions. For ATM and one-time debit card transactions, you must affirmatively consent to such coverage. Without your consent, we may not authorize and pay ATM or one-time debit card transaction that will result in insufficient funds in your account. If you have established our Standard Overdraft Protection Program a service linking your share or deposit account with other suffixes within your account, you authorize us to transfer funds from another suffix of yours to cover an insufficient item, including transfers from a share or deposit account or your Credit Card account if you so designate. Services and fees for these transactions are shown in the document we use to capture affirmative consent and in our Fee Schedule. Except as otherwise agree agreed in writing, if we exercise our right to use our discretion to pay such items that result in an insufficiency of funds in your account, we do not agree to pay them in the future and may discontinue coverage at any time without notice. If we pay these items or impose a fee that results in insufficient funds in your account, you agree to pay the insufficient amount, including the fee assessed by us, in accordance with our Courtesy Pay Overdraft Program overdraft services or any other service you may have authorized with us, or if you not have such protections with us, in accordance with any overdraft payment policy we have, as applicable. Order of Payments Payments. Checks, drafts, transactions, and other items may not be processed in the order that you make them or in the order that we receive them. We may, at our discretion, pay a check, draft, or item, and execute the other transactions on your account in any order we choose. The order in which we process checks, drafts, or items, and execute other transactions on your account may affect the total amount of overdraft fees that may be charged to your account. Please contact us if you have any questions about how we pay checks or drafts and process transfers and withdrawals. Postdated and Stale dated Checks or Drafts Drafts. You agree not to issue any check or draft that is payable on a future date (postdated). If you do issue a check or draft that is postdated and we pay it before that date, you agree that we shall have no liability to you for such payment. You agree not to deposit checks, drafts, or other items before they are properly payable. We are not obligated to pay any check or draft drawn on your account presented more than six (6) months past its date.

ACH Transactions. For ATM The Credit Union reserves the right to refuse to honor any requests to stop payment of any ACH Item for any reason consistent with good faith and one-time debit card transactionsthe exercise of ordinary care. Unless you give the correct Account number, you must affirmatively consent and correct Item amount, the Credit Union has no responsibility to such coverage. Without your consent, we may not authorize and pay ATM or one-time debit card transaction that will result in insufficient funds in your accountstop payment. If you have established our Standard Overdraft Protection Program linking the Credit Union credits your share or deposit account with other suffixes within your account, you authorize us to transfer funds from another suffix of yours to cover Account after paying an insufficient item, including transfers from Item over a share or deposit account or your Credit Card account if you so designate. Services valid and fees for these transactions are shown in the document we use to capture affirmative consent and in our Fee Schedule. Except as otherwise agree in writing, if we exercise our right to use our discretion to pay such items that result in an insufficiency of funds in your account, we do not agree to pay them in the future and may discontinue coverage at any time without notice. If we pay these items or impose a fee that results in insufficient funds in your accounttimely stop payment order, you agree to pay assist the insufficient amountCredit Union if it takes legal action upon the Item. You agree to hold harmless and indemnify the Credit Union against all claims, including costs, attorney’s fees, damages, and other expenses or losses that may be incurred by the fee assessed by usCredit Union, in accordance with our Courtesy Pay Overdraft Program or any other service you may have authorized with usits employees, or if agents on account of a stop payment order. This applies to ACH items you issue on your Account. You do not have such protections the right to stop payment on any Item or ACH issued by the Credit Union or drawn on any Account other than your Checking Account. Stale-dated (post-dated) Checks We, at our full and complete discretion, may pay a check, other than a cashier’s, tellers or certified check, presented for payment more than six months after its date. If you do not want us to pay a stale-dated check, you must place a stop-payment order on the check in the manner described above. We strongly suggest that you date checks with usa current date. WE WILL NOT BE LIABLE TO YOU FOR PAYING CHECKS WHICH ARE POST-DATED, in accordance with any overdraft payment policy we have, as applicableSTALE DATED (OLDER THAN SIX MONTHS) OR DO NOT BEAR A DATE. Payment Order of Payments Checks Checks, drafts, transactions, transactions and other items may not be processed in the order that you make them or in the order that we receive them. We may, at our out sole discretion, pay a check, draft, draft or item, and execute the other transactions on your account Account in any order we choose. The order in which we process checks, drafts, or items, drafts and execute other transactions on your account items may affect the total amount of overdraft fees that you may be charged charged. Checks, drafts, and negotiable instruments are generally paid in order from smallest to largest. MONEY MARKET ACCOUNTS The Credit Union offers Money Market Accounts pursuant to this section and other applicable provisions contained in this Agreement or by policy established by the Credit Union. You authorize us to honor your account. Please contact us if you have any questions about how we pay checks or drafts withdrawals and process transfers and withdrawals. Postdated and Stale dated Checks or Drafts You agree not to issue any check or draft that is payable on a future date (postdated). If you do issue a check or draft that is postdated and we pay it before that date, you agree that we shall have no liability to you for such paymenttransfer requests against the funds in your Money Market Account. You agree that all provisions relating to Checking Account as stated in this Membership Agreement including, but not limited to, overdraft protection, shall apply to deposit checksyour Money Market Account. Please refer to the Truth in Savings Disclosure, draftsFee Schedule and transaction limitations to determine applicable fees, or minimum balance and other items before they are properly payable. We are not obligated to pay any check or draft drawn on your account presented more than six (6) months past its daterequirements for Money Market Accounts.

ACH Transactions. For ATM and one-time debit card transactions, you must affirmatively consent to such coverage. Without your consent, we may not authorize and pay ATM or one-time debit card transaction that will result in insufficient funds in your account. If you have established our Standard Overdraft Protection Program linking your share or deposit account with other suffixes within your account, you authorize us to transfer funds from another suffix of yours to cover an insufficient item, including transfers from a share or deposit account or your Credit Card account if you so designate. Services and fees for these transactions are shown in the document we use to capture affirmative consent and in our Fee Schedule. Except as otherwise agree agreed in writing, if we exercise our right to use our discretion to pay such items that result in an insufficiency of funds in your account, we do not agree to pay them in the future and may discontinue coverage at any time without notice. If we pay these items or impose a fee that results in insufficient funds in your account, you agree to pay the insufficient amount, including the fee assessed by us, in accordance with our Courtesy Pay Overdraft Program or any other service you may have authorized with us, or if you not have such protections with us, in accordance with any overdraft payment policy we have, as applicable. Order of Payments Payments. Checks, drafts, transactions, and other items may not be processed in the order that you make them or in the order that we receive them. We may, at our discretion, pay a check, draft, or item, and execute the other transactions on your account in any order we choose. The order in which we process checks, drafts, or items, and execute other transactions on your account may affect the total amount of overdraft fees that may be charged to your account. Please contact us if you have any questions about how we pay checks or drafts and process transfers and withdrawals. Postdated and Stale dated Staledated Checks or Drafts Drafts. You agree not to issue any check or draft that is payable on a future date (postdated). If you do issue a check or draft that is postdated and we pay it before that date, you agree that we shall have no liability to you for such payment. You agree not to deposit checks, drafts, or other items before they are properly payable. We are not obligated to pay any check or draft drawn on your account presented more than six (6) months past its date.six

ACH Transactions. For ATM and one-time debit card transactions, you must affirmatively consent to such coverage. Without your consent, we may not authorize and pay ATM or one-time debit card transaction that will result in insufficient funds in your account. If you have established our Standard Overdraft Protection Program linking your share or deposit account with other suffixes within your account, you authorize us to transfer funds from another suffix of yours to cover an insufficient item, including transfers from a share or deposit account or your Credit Card account if you so designate. Services and fees for these transactions are shown in the document we use to capture affirmative consent and in our Fee Schedule. Except as otherwise agree in writing, if we exercise our right to use our discretion to pay such items that result in an insufficiency of funds in your account, we do not agree to pay them in the future and may discontinue coverage at any time without notice. If we pay these items or impose a fee that results in insufficient funds in your account, you agree to pay the insufficient amount, including the fee assessed by us, in accordance with our Courtesy Pay Overdraft Program or any other service you may have authorized with us, or if you not have such protections with us, in accordance with any overdraft payment policy we have, as applicable. Order of Payments Payments. Checks, drafts, transactions, and other items may not be processed in the order that you make them or in the order that we receive them. We may, at our discretion, pay a check, draft, or item, and execute the other transactions on your account in any order we choose. The order in which we process checks, drafts, or items, and execute other transactions on your account may affect the total amount of overdraft fees that may be charged to your account. Please contact us if you have any questions about how we pay checks or drafts and process transfers and withdrawals. Postdated and Stale dated Staledated Checks or Drafts Drafts. You agree not to issue any check or draft that is payable on a future date (postdated). If you do issue a check or draft that is postdated and we pay it before that date, you agree that we shall have no liability to you for such payment. You agree not to deposit checks, drafts, or other items before they are properly payable. We are not obligated to pay any check or draft drawn on your account presented more than six (6) months past its date.

ACH Transactions. For ATM and one-time debit card transactions, you must affirmatively consent to such coverage. Without your consent, we may not authorize and pay ATM or one-time debit card transaction that will result in insufficient funds in your account. If you have established our Standard Overdraft Protection Program linking your share or deposit account with other suffixes within your account, you authorize us to transfer funds from another suffix of yours to cover an insufficient item, including transfers from a share or deposit account or your Credit Card account if you so designate. Services and fees for these transactions are shown in the document we use to capture affirmative consent and in our Fee Schedule. Except as otherwise agree agreed in writing, if we exercise our right to use our discretion to pay such items that result in an insufficiency of funds in your account, we do not agree to pay them in the future and may discontinue coverage at any time without notice. If we pay these items or impose a fee that results in insufficient funds in your account, you agree to pay the insufficient amount, including the fee assessed by us, in accordance with our Courtesy Pay Overdraft Program or any other service you may have authorized with us, or if you not have such protections with us, in accordance with any overdraft payment policy we have, as applicable. Order of Payments Payments. Checks, drafts, transactions, and other items may not be processed in the order that you make them or in the order that we receive them. We may, at our discretion, pay a check, draft, or item, and execute the other transactions on your account in any order we choose. The order in which we process checks, drafts, or items, and execute other transactions on your account may affect the total amount of overdraft fees that may be charged to your account. Please contact us if you have any questions about how we pay checks or drafts and process transfers and withdrawals. Postdated and Stale dated Staledated Checks or Drafts Drafts. You agree not to issue any check or draft that is payable on a future date (postdated). If you do issue a check or draft that is postdated and we pay it before that date, you agree that we shall have no liability to you for such payment. You agree not to deposit checks, drafts, or other items before they are properly payable. We are not obligated to pay any check or draft drawn on your account presented more than six (6) months past its date.

ACH Transactions. For ATM and one-time debit card transactionsIf offered, you must affirmatively consent may initiate or receive credits or debits to such coverageyour account via wire transfer or ACH ("Automated Clearing House") transfer. Without You agree that if you receive funds by a wire or ACH transfer, the Credit Union is not required to notify you at the time the funds are received. Instead, the transfer will be shown on your consentperiodic statement. The Credit Union may provisionally credit your account for an ACH transfer before it receives final settlement for the transfer. You agree that if the Credit Union does not receive final settlement for a transfer, we it may not authorize and pay ATM or one-time debit card transaction that will result in insufficient funds in your account. If you have established our Standard Overdraft Protection Program linking your share or deposit account with other suffixes within reverse the provisional credit to your account, or you authorize us will refund the amount to transfer funds from another suffix of yours to cover an insufficient itemthe Credit Union. The Credit Union may require that wire transfers be authorized in writing. When you initiate a wire transfer, including transfers from a share you may identify either the recipient or deposit any financial institution by name and by account or your identifying number. The Credit Card Union (and other institutions) may rely on the account or other identifying number you give as the proper identification number, even if you so designateit identifies a different party or institution. Services and fees for these ACH transactions are shown in governed by the document we use to capture affirmative consent and in our Fee Schedule. Except as otherwise agree in writing, if we exercise our right to use our discretion to pay such items that result in an insufficiency rules of funds in your account, we do not agree to pay them in the future and may discontinue coverage at any time without notice. If we pay these items or impose a fee that results in insufficient funds in your account, you agree to pay the insufficient amount, including the fee assessed by us, in accordance with our Courtesy Pay Overdraft Program or any other service you may have authorized with us, or if you not have such protections with us, in accordance with any overdraft payment policy we have, as applicable. Order of Payments Checks, drafts, transactions, and other items may not be processed in the order that you make them or in the order that we receive them. We may, at our discretion, pay a check, draft, or item, and execute the other transactions on your account in any order we chooseNational Automated Clearing House Association. The order in which we process checks, drafts, origination of ACH transactions to or items, and execute other transactions on your from the consumer's account may affect the total amount must comply with provisions of overdraft fees that may be charged to your account. Please contact us if you have any questions about how we pay checks or drafts and process transfers and withdrawals. Postdated and Stale dated Checks or Drafts You agree not to issue any check or draft that is payable on a future date (postdated). If you do issue a check or draft that is postdated and we pay it before that date, you agree that we shall have no liability to you for such paymentU.S. law. You agree not to deposit checks, drafts, or other items before they are properly payable. We are not obligated to pay any check or draft drawn on that the authorized transfer to/from your account presented more than six must comply with all applicable federal and state laws or regulations including OFAC (6Office of Foreign Asset Control) months past its dateregulations. You understand that in the event an International ACH Transaction ("IAT") Entry that is transmitted to or from any of your accounts is identified and designated by the Credit Union's screening criteria for review and examination under the OFAC Rules and Regulations ("OFAC Rules"). The settlement of such an IAT Entry may be delayed or suspended pending the Credit Union's review of the IAT Entry, and may be terminated under applicable OFAC Rules. You acknowledge that we may be required to place an indefinite hold on the funds covered by the IAT Entry if the IAT Entry is required to be terminated under the OFAC Rules. You agree that any delay described above will be a permissible delay under the regulations applicable to the availability of funds held in deposit accounts. In the event an IAT Entry is delayed or terminated, we will provide you such notice as may be required by applicable laws and regulations.