Common use of Additional Hold Types Clause in Contracts

Additional Hold Types. Holds placed on funds in your Accounts such as but not limited to holds related to pledge(s) of Account funds, minimum balance requirements and complying with court orders or legal process(es), are not available for you to spend (and not displayed in your Available Balance). Each of these restrictions and holds affect (reduce) the availability of funds in your Account for use or withdrawal, including without limitation, to pay for checks drawn on your Account, debits, Freedom Debit Card purchases, ACH transactions, ATM withdrawals, fees, and any other withdrawal or payment transactions on your Account. It is important to understand that even though a transaction was approved, it may still overdraw your Account even though the Account’s Available Balance was sufficient at the time the transaction was initiated. The Credit Union’s determination of an insufficient Available Balance for the purpose of assessing fees will be made during end of day processing. In order to avoid fees and/or overdrawing your Account, it is imperative that you take into account the availability of funds in your Account under the terms of this Agreement and keep track of each deposit and withdrawal transaction, (including transactions reflected and not reflected in your Available Balance). As the Account Owner(s), you are in the best position to know each of the transactions you authorize and determine the funds available for use or withdrawal. For information on transaction clearing process, please refer to Order of Transactions within this Agreement. Refer to the additional limitations and restrictions set forth in this Agreement, including as further explained in the Truth in Savings Fee Schedule, including without limitation, “What You Need to Know about Overdrafts and Overdraft Fees;” “Electronic Fund Transfers Agreement and Disclosure”’ and “Funds Availability Policy.”

Additional Hold Types. Holds placed on funds in your Accounts such as but not limited to holds related to pledge(s) of Account funds, minimum balance requirements and complying with court orders or legal process(es), are not available for you to spend (and not displayed in your Available Balance). Each of these restrictions and holds affect (reduce) the availability of funds in your Account for use or withdrawal, including without limitation, to pay for checks drawn on your Account, debits, Freedom Debit Card purchases, ACH transactions, ATM withdrawals, fees, and any other withdrawal or payment transactions on your Account. It is important to understand that even though a transaction was approved, it may still overdraw your Account even though the Account’s Available Balance was sufficient at the time the transaction was initiated. The Credit Union’s determination of an insufficient Available Balance for the purpose of assessing fees will be made during end of day processing. In order to avoid fees and/or overdrawing your Account, it is imperative that you take into account the availability of funds in your Account under the terms of this Agreement and keep track of each deposit and withdrawal transaction, (including transactions reflected and not reflected in your Available Balance). As the Account Owner(s), you are in the best position to know each of the transactions you authorize and determine the funds available for use or withdrawal. For information on transaction clearing process, please refer to Order of Transactions within this Agreement. Refer to the additional limitations and restrictions set forth in this Agreement, including as further explained in the Truth in Savings Fee Schedule, including without limitation, “What You Need to Know about Overdrafts and Overdraft Fees;” “Electronic Fund Transfers Agreement and Disclosure”’ and “Funds Availability Policy.”

Additional Hold Types. Holds placed on funds in your Accounts such as but not limited to holds related to pledge(s) of Account funds, minimum balance requirements and complying with court orders or legal process(es), are not available for you to spend (and not displayed in your Available Balance). Each of these restrictions and holds affect (reduce) the availability of funds in your Account for use or withdrawal, including without limitation, to pay for checks drawn on your Account, debits, Freedom Debit Card purchases, ACH transactions, ATM withdrawals, fees, and any other withdrawal or payment transactions on your Account. It is important to understand that even though a transaction was approved, it may still overdraw your Account even though the Account’s Available Balance was sufficient at the time the transaction was initiated. In the event a transaction posts to your Account without sufficient funds in your Available Balance, a fee may be assessed, even if this transaction was initiated when sufficient funds were available in your Account. The Credit Union’s determination of an insufficient Available Account Balance for the purpose of assessing fees will be made during end of day processing. In order to avoid fees and/or overdrawing your Account, it is imperative that you take into account the availability of funds in your Account under the terms of this Agreement and keep track of each deposit and withdrawal transaction, (including transactions reflected and not reflected in your Available Balance). As the Account Owner(s), you are in the best position to know each of the authorized transactions you authorize occurring or scheduled to occur and determine the funds available for use or withdrawal. For information on transaction clearing process, please refer to Order of Transactions within this your Membership and Account Agreement. Refer to the additional limitations and restrictions set forth in this Agreement, including as further explained in the Truth in Savings Disclosure and Fee Schedule, including without limitation, “What You Need to Know about Overdrafts and Overdraft Fees;” ”; “Electronic Fund Transfers Agreement and Disclosure”’ and “Funds Availability Policy”.”