Common use of ACH Transfers Clause in Contracts

ACH Transfers. If you initiate a wire or ACH transfer from your account at another institution to your Credit Union account (called “ACH debit transfer”), the funds transferred in this way to your Credit Union account will be available on the first business day after the day we receive the deposit, at which time you withdraw the funds in cash and we will use them to pay checks you have written. However, the funds that you transfer by wire or ACH to your Credit Unions account from your account at another institution cannot be wired out of your Credit Union account to a non-Credit Union account until the third business day after the day we receive the deposit. IMMEDIATE AVAILABILITY FOR MOST OTHER ITEMS. Our general availability policy for items not listed in the prior section is to make funds available to you on the first business day after the day of deposit. We generally make some portion of a day’s deposits available for withdrawal immediately. See the previous section for the types and amounts of deposits that are available immediately. LONGER DELAYS MAY APPLY. In some cases involving paper checks, we will not make all of the funds that you deposit available to you as provided above. The first $225 of your deposits, however, will generally be available no later than the first business day after the day of deposit, and usually immediately. If we are not going to make all of the funds from your deposit available on the first business day, we will notify you at the time you make your deposit; or soon after as reasonably practical. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees (including a deposit made at an ATM) or if we decide to take this action after you have left the premises, we will contact you by the day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available. In addition, funds you deposit by check may be delayed for a longer period under the following circumstances:  We believe a check you deposit will not be paid  “Large Deposits” - You deposit checks totaling more than $5,525 on any one day  You redeposit a check that has been returned unpaid  You have overdrawn your account repeatedly in the last six months  There is an emergency, such as failure of computer or communications equipment We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the seventh business day after the day of your deposit.

ACH Transfers. If you initiate a wire or ACH transfer from your account at another institution to your Credit Union account (called “ACH debit transfer”), the funds transferred in this way to your Credit Union account will be available on the first business day after the day we receive the deposit, at which time you withdraw the funds in cash and we will use them to pay checks you have written. However, the funds that you transfer by wire or ACH to your Credit Unions account from your account at another institution cannot be wired out of your Credit Union account to a non-Credit Union account until the third business day after the day we receive the deposit. IMMEDIATE AVAILABILITY FOR MOST OTHER ITEMS. Our general availability policy for items not listed in the prior section is to make funds available to you on the first business day after the day of deposit. We generally make some portion of a day’s deposits available for withdrawal immediately. See the previous section for the types and amounts of deposits that are available immediately. LONGER DELAYS MAY APPLY. In some cases involving paper checks, we will not make all of the funds that you deposit available to you as provided above. The first $225 of your deposits, however, will generally be available no later than the first business day after the day of deposit, and usually immediately. If we are not going to make all of the funds from your deposit available on the first business day, we will notify you at the time you make your deposit; or soon after as reasonably practical. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees (including a deposit made at an ATM) or if we decide to take this action after you have left the premises, we will contact you by the day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available. In addition, funds you deposit by check may be delayed for a longer period under the following circumstances:  • We believe a check you deposit will not be paid  • “Large Deposits” - You deposit checks totaling more than $5,525 on any one day  • You redeposit a check that has been returned unpaid  • You have overdrawn your account repeatedly in the last six months  • There is an emergency, such as failure of computer or communications equipment We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the seventh business day after the day of your deposit.

ACH Transfers. If you initiate a wire or ACH transfer from your account at another institution to your Credit Union account (called “ACH debit transfertransfers”), the funds transferred in this way to your Credit Union account will be available on the first business day after the day we receive the deposit, at which time you withdraw the funds in cash and we will use them to pay checks you have written. However, the funds that you transfer by wire or ACH to your Credit Unions Union account from your account at another institution cannot be wired out of your Credit Union account to a non-Credit Union account until the third business day after the day we receive the deposit. IMMEDIATE AVAILABILITY FOR MOST OTHER ITEMSException for Mobile Deposits: You agree that items transmitted using our Mobile Services are not subject to the funds availability requirements stated above. Our general availability policy for items not listed in In general, if an image of an item you transmit through our service is received and accepted before 8:00 p.m. Eastern Time on a business day that we are open, we consider that day to be the prior section is to make funds available to you day of your deposit. Otherwise, we will consider that the deposit was made on the first next business day we are open. Funds deposited using this service will generally be made available after five business days after the day of deposit. We generally We, in our sole discretion, may make some portion of a day’s deposits such funds available for withdrawal immediately. See the previous section for the types and amounts of deposits that are available immediately. LONGER DELAYS MAY APPLY. In some cases involving paper checks, we will not make all of the funds that you deposit available to you as provided above. The first $225 of your deposits, however, will generally be available no later than the first business day after the day of deposit, and usually immediately. If we are not going to make all of the funds from your deposit available sooner based on the first business day, we will notify you at the time you make your deposit; or soon after as reasonably practicalinternal Credit Union check collection security procedures. We will also tell reserve the right to impose longer delays or reject deposits on any items; and if we do so you when the funds will be available. If your deposit is not made directly to one of our employees (including a deposit made at an ATM) or if we decide to take this action after you have left the premises, we will contact you by the day after we receive your depositnotified. If you will need wish to deposit any item that is subject to the funds from a availability for other methods of deposit right awaynoted above, you may always use those methods instead of using mobile deposit. Before using any funds by any access methods you should ask us when the check to ensure you have available funds will be availableto cover any transactions you make. In addition, ATM Funds Hold Policy Credit Union ATMs: All funds you deposit by check may be delayed for deposited in excess of any cash back transactions at a longer period under the following circumstances:  We believe a check you deposit will not be paid  “Large Deposits” - You deposit checks totaling more than $5,525 on any Credit Union Machine are subject to an initial one day  You redeposit a check that has been returned unpaid  You have overdrawn your account repeatedly in the last six months  There is an emergency, such as failure of computer or communications equipment We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the seventh business day hold pending verification of the deposit. Thereafter, the applicable hold described above will apply. Deposits made after 4:00 P. M. EST are considered as made on the day of your deposit.next business day. We reserve the right to reject deposits as we may deem necessary. Non-Credit Union ATMs: We do not currently accept deposits from non Sharonview owned ATM machines. Truth-In-Savings Act Disclosure (Share and Checking Accounts)