Common use of Authorization Holds Clause in Contracts

Authorization Holds. When you use the Card in a POS transaction, the merchant may request an authorization for the transaction at the time of the transaction. In certain circumstances the payment authorization system permits the merchant to request authorization for an amount that may be less than (e.g., gas pump) or more than (e.g., hotel) the final amount of the transaction, which final amount may be unknown at the time of the transaction. In connection with POS authorization requests, we may place a hold on your account as directed by the merchant at the time of the transaction. Once such a hold is in place, the amount of the hold may not be available to pay checks, POS transactions, or other withdrawal or transfer orders or requests that you or other parties may make. The hold will be released when the merchant presents final amount and we process the transaction, or three business days after the transaction date whichever occurs first. During the time that a hold is in place, the balance reported to you by means of telephone banking, online banking, ATM, or your periodic statement may not reflect that the hold is or was in place against your account. During the period of any hold, we may, in our discretion, return items presented against your account or decline withdrawal and transfer requests, or we may pay such items and approve such withdrawal and transfer requests, if there are not sufficient funds in your account for such transactions in excess of the amount of the hold. You agree to be responsible for any overdraft and/or nonsufficient funds fees we assess as a result of transactions against insufficient funds in your account during the period of any POS authorization holds, subject to the requirements of applicable law or regulation. You are responsible for knowing when you have made a POS transaction that might result in a hold and for not initiating transactions against insufficient funds during the period of any hold. We have no obligation to release the hold at any time. You agree to release us from liability based on our return of items and/or our refusal to allow withdrawal or transfer requests when there are insufficient funds in your account due to any POS authorization hold. You further release us from any and all liability in the event any merchant delays or fails to complete the final processing of any POS transaction that you may have initiated with the merchant, and/or in the event any merchants places an authorization hold against your account in error. In general, we will not be responsible for any transactions generated in error by merchants, processing agencies, or any other third parties not under our control, except as may be required under applicable law.

Authorization Holds. When you use the Card in a POS transaction, the merchant may request an authorization for the transaction at the time of the transaction. In certain circumstances the payment authorization system permits the merchant to request authorization for an amount that may be more or less than (e.g., gas pump) or more than (e.g., hotel) the final amount of the transaction, which final amount may be unknown at the time of the transactiontransaction (e.g., a restaurant may include in a transaction authorization request an amount sufficient to cover a tip). In connection with a POS authorization requestsrequest, we may place a hold on your account as directed by the merchant at the time of the transaction. This type of hold helps make it more likely that your POS transaction will be completed, by holding funds available for the transaction pending our receipt of documentation from the merchant. Once such a hold is in place, the amount of the hold may not be available to pay any checks, POS transactions, transactions or other withdrawal or transfer orders or requests that you or other parties may might make. The hold will be released when the merchant presents final amount presents, and we process process, supporting documentation for the transaction, or three business days after the transaction date date, whichever occurs first. As is the case with all POS transactions, your account will be debited for the exact final amount of the transaction following our processing of the documentation. During the time that a hold is in place, the balance reported to you by means of telephone banking, online internet banking, ATM, ATM screens or your periodic account statement may might not reflect that the hold is or was in place against your account. This is because available balances are sometimes based on actual debits or credits to your account rather than on holds. During the period of any hold, we may, in our discretion, return items presented against your account or decline withdrawal and transfer requests, or we may pay such items and approve such withdrawal and transfer requests, if there are not sufficient funds in your account for such transactions in excess of the amount of the hold. You agree to be responsible for any overdraft and/or nonsufficient funds charges or fees we assess as a result of transactions against insufficient funds in your account during the period of any POS authorization holds, subject to the requirements of applicable law or regulation. You are responsible for knowing when you have made a POS transaction that might result in a hold and for not initiating transactions against insufficient funds during the period of any hold. We reserve the right, but have no obligation obligation, to release the hold at any time, in our discretion, if necessary to make funds available to pay other items presented against your account. If we release the hold to pay other items, and the transaction corresponding to the hold is subsequently presented against insufficient funds, we, in our discretion, may reject the transaction or we may process and debit your account for the amount of the transaction, and in either event you agree to pay any applicable overdraft and/or nonsufficient funds charges or fees we assess, subject to the requirements of applicable law or regulation. You agree to release us from liability based on our return of items and/or our refusal to allow withdrawal or transfer requests when there are insufficient funds in your account due to any POS authorization hold, and you agree to release us from liability in the event we release a hold in order to pay other items presented against your account and subsequently reject the transaction corresponding to the hold due to insufficient funds in your account. You further release us from any and all liability in the event any merchant delays or fails to complete the final processing of any POS transaction that you may have initiated with the merchant, and/or in the event any merchants merchant places an authorization hold against your account in error. In general, we will not be responsible for any transactions generated in error by merchants, processing agencies, or any other third parties not under our control, except as may be required under applicable law.

Authorization Holds. When you use the your Card in a POS transactionfor certain transactions, the merchant accepting your Card may request an advance authorization for the transaction at the time of the transaction. In certain circumstances the payment authorization system permits the merchant to request authorization for an amount that may be less than (e.g., gas pump) or more than (e.g., hotel) the final amount of the transaction, which final amount may be unknown at the time of the transaction. In connection with POS authorization requests, and we may place a hold on your account as directed by Account. This may be the merchant case where you present your Card for payment at the time restaurants, gas stations, hotels and certain other retail establishments. In certain situations, certain kinds of the transaction. Once such merchants are permitted to request authorization for a hold is Card transaction in place, an amount different from the amount of the hold may actual transaction. When we receive an authorization request from a merchant, we do not be available receive information from which to pay checksdetermine whether the request covers the actual amount of a transaction, POS transactionsan estimated amount, or other withdrawal or transfer orders or requests that you or other parties may makewhether the merchant’s request exceeds the amount permitted. The Each hold will be released when reduce the merchant presents final amount and we process the transaction, or three business days after the transaction date whichever occurs first. During the time that a hold is in place, the available balance reported to you by means of telephone banking, online banking, ATM, or your periodic statement may not reflect that the hold is or was in place against your account. During the period of any hold, we may, in our discretion, return items presented against your account or decline withdrawal and transfer requests, or we may pay such items and approve such withdrawal and transfer requests, if there are not sufficient funds in your account for such transactions in excess of Account by the amount of the hold, but will not affect your actual balance. You agree In the event the available balance in your Account (i.e., net of the hold) is insufficient to pay items posted to your Account, transactions will decline. An authorization hold is not payment for an authorized transaction. The transaction is subsequently processed by the merchant and submitted to us for payment. We will make payment for a transaction only after the actual transaction is presented to us physically or electronically. This can happen hours or sometimes days after the transaction, depending on the merchant and its payment processor. These payment requests are received in real time throughout the day and are posted to your Account when they are received. Many purchases that are done through the Internet or with a merchant where goods are ordered and to be responsible delivered at a future date will create an authorization at the time of purchase but the transaction may not be sent to us for posting until the merchandise is shipped. Any authorization hold on your Account will be released upon the earlier of: (a) the day we: (i) receive the actual transaction, (ii) post that transaction to your Account for payment, and (iii) match the authorization of that transaction to the actual transaction; or (b) five (5) business days after the date we authorized the transaction. The release of the hold will be in the form of a credit to your Account for the amount of the original hold. Credits for released holds and payments for Card transactions are posted separately to your Account, and the credit for any overdraft and/or nonsufficient funds fees we assess as a result of transactions against insufficient funds in your account during particular hold is not used to pay the period of any POS authorization holds, subject to the requirements of applicable law or regulation. You are responsible particular transaction for knowing when you have made a POS transaction that might result in a hold and for not initiating transactions against insufficient funds during the period of any hold. We have no obligation to release which the hold at any time. You agree to release us from liability based on our return of items and/or our refusal to allow withdrawal or transfer requests when there are insufficient funds in your account due to any POS authorization hold. You further release us from any and all liability in the event any merchant delays or fails to complete the final processing of any POS transaction that you may have initiated with the merchant, and/or in the event any merchants places an authorization hold against your account in error. In general, we will not be responsible for any transactions generated in error by merchants, processing agencies, or any other third parties not under our control, except as may be required under applicable lawwas originally placed.

Authorization Holds. When you use the Card in a POS transaction, the merchant may request an authorization for the transaction at the time of the transaction. In certain circumstances the payment authorization system permits the merchant to request authorization for an amount that may be less than (e.g., gas pump) or more than (e.g., hotel) the final amount of the transaction, which final amount may be unknown at the time of the transaction. In connection with POS authorization requests, we may place a hold on your account as directed by the merchant at the time of the transaction. Once such a hold is in place, the amount of the hold may not be available to pay checks, POS transactions, or other withdrawal or transfer orders or requests that you or other parties may make. The hold will be released when the merchant presents final amount and we process the transaction, or three business days after the transaction date whichever occurs first. During the time that a hold is in place, the balance reported to you by means of telephone banking, online banking, ATM, or your periodic statement may not reflect that the hold is or was in place against your account. During the period of any hold, we may, in our discretion, return items presented against your account or decline withdrawal and transfer requests, or we may pay such items and approve such withdrawal and transfer requests, if there are not sufficient funds in your account for such transactions in excess of the amount of the hold. You The IRS Regulations prohibits an HSA to go into any overdraft/ overdrawn status and we may decline the transaction exceeding the available balance in your account. In the event your account goes into an overdrawn status, you agree to be responsible for any overdraft and/or nonsufficient funds fees we assess as a result of transactions against insufficient funds in your account during the period of any POS authorization holds, subject to the requirements of applicable law or regulation. You are responsible for knowing when you have made a POS transaction that might result in a hold and for not initiating transactions against insufficient funds during the period of any hold. We have no obligation to release the hold at any time. You agree to release us from liability based on our return of items and/or our refusal to allow withdrawal or transfer requests when there are insufficient funds in your account due to any POS authorization hold. You further release us from any and all liability in the event any merchant delays or fails to complete the final processing of any POS transaction that you may have initiated with the merchant, and/or in the event any merchants places an authorization hold against your account in error. In general, we will not be responsible for any transactions generated in error by merchants, processing agencies, or any other third parties not under our control, except as may be required under applicable law.

Authorization Holds. When you use the Card in a POS transaction, the merchant may request an authorization for the transaction at the time of the transaction. In certain circumstances the payment authorization system permits the merchant to request authorization for an amount that may be more or less than (e.g., gas pump) or more than (e.g., hotel) the final amount of the transaction, which final amount may be unknown at the time of the transactiontransaction (e.g., a restaurant may include in a transaction authorization request an amount sufficient to cover a tip). In connection with a POS authorization requestsrequest, we may place a hold on your account as directed by the merchant at the time of the transaction. This type of hold helps make it more likely that your POS transaction will be completed, by holding funds available for the transaction pending our receipt of documentation from the merchant. Once such a hold is in place, the amount of the hold may not be available to pay any checks, POS transactions, transactions or other withdrawal or transfer orders or requests that you or other parties may might make. The hold will be released when the merchant presents final amount presents, and we process process, supporting documentation for the transaction, or three business days after the transaction date date, whichever occurs first. As is the case with all POS transactions, your account will be debited for the exact final amount of the transaction following our processing of the documentation. During the time that a hold is in place, the balance reported to you by means of telephone banking, online internet banking, ATM, ATM screens or your periodic account statement may might not reflect that the hold is or was in place against your account. During the period of any hold, we may, in our discretion, return items presented against your account or decline withdrawal and transfer requests, or we may pay such items and approve such withdrawal and transfer requests, if there are not sufficient funds in your account for such transactions in excess of the amount of the hold. You agree to be responsible for any overdraft and/or nonsufficient funds fees we assess charges or fees, as are in effect from time to time and disclosed in our pricing schedules, as a result of transactions against insufficient funds in your account during the period of any POS authorization holds, subject to the requirements of applicable law or regulation. You are responsible for knowing when you have made a POS transaction that might result in a hold and for not initiating transactions against insufficient funds during the period of any hold. We reserve the right, but have no obligation obligation, to release the hold at any time, in our discretion, if necessary to make funds available to pay other items presented against your account. If we release the hold to pay other items, and the transaction corresponding to the hold is subsequently presented against insufficient funds, we, in our discretion, may reject the transaction or we may process and debit your account for the amount of the transaction, and in either event you agree to pay any applicable overdraft and/or nonsufficient funds charges or fees as are in effect from time to time and disclosed in our pricing schedules, subject to the requirements of applicable law or regulation. Overdraft and nonsufficient funds fees are determined when transactions are presented for payment. You agree to release us from liability based on our return of items and/or our refusal to allow withdrawal or transfer requests when there are insufficient funds in your account due to any POS authorization hold, and you agree to release us from liability in the event we release a hold in order to pay other items presented against your account and subsequently reject the transaction corresponding to the hold due to insufficient funds in your account. You further release us from any and all liability in the event any merchant delays or fails to complete the final processing of any POS transaction that you may have initiated with the merchant, and/or in the event any merchants merchant places an authorization hold against your account in error. In general, we will not be responsible for any transactions generated in error by merchants, processing agencies, or any other third parties not under our control, except as may be required under applicable law.

Authorization Holds. When you use the Card in a POS point-of-sale (“POS”) transaction, the merchant Merchant may request an authorization for the transaction at the time of the transaction. In certain circumstances circumstances, the payment authorization system permits the merchant to request authorization for an amount that may be more or less than (e.g., gas pump) or more than (e.g., hotel) the final amount of the transaction, which transaction because the final amount may be unknown at the time of the transactiontransaction (e.g., a restaurant may include in a transaction authorization request an amount sufficient to cover a tip). In connection with a POS authorization requestsrequest, we may place a hold on your account Account as directed by the merchant at the time of the transaction. This type of hold helps make it more likely that your POS transaction will be completed, by holding funds available for the transaction pending our receipt of documentation from the merchant. Once such a hold is in place, the amount of the hold may not be available to pay checks, POS transactions, or other for withdrawal in cash or transfer orders or requests that you or other parties may might make. The hold will be released when the merchant presents final amount presents, and we process process, supporting documentation for the transaction, or three business days after the transaction date date, whichever occurs first. As is the case with all POS transactions, your Account will be debited for the exact final amount of the transaction following our processing of the documentation. During the time that a hold is in place, the balance reported to you by means of telephone banking, online internet banking, ATM, ATM screens or your periodic account statement may might not reflect that the hold is or was in place against your account. During the period of any hold, we may, in our discretion, return items presented against your account or decline withdrawal and transfer requests, or we may pay such items and approve such withdrawal and transfer requests, if there are not sufficient funds in your account for such transactions in excess of the amount of the holdAccount. You agree to be responsible for any overdraft and/or nonsufficient funds charges or fees we assess as a result of Card transactions against insufficient funds in affecting your account during the period of any POS authorization holdsAccount, subject to the requirements of applicable law or regulation. You are responsible for knowing when you have made a POS transaction that might result in a hold and for not initiating transactions against insufficient funds during the period of any holdfunds. We reserve the right, but have no obligation obligation, to release the hold at any time, in our discretion. Overdraft and insufficient funds fees are determined when transactions are presented for payment, and fees may be charged even if the transaction was previously authorized against a positive balance. You agree to release us from liability based on our return of items and/or our refusal to allow withdrawal or transfer requests when there are insufficient funds in your account Account due to any POS authorization hold. You further release us from any and all liability in the event any merchant delays or fails to complete the final processing of any POS transaction that you may have initiated with the merchant, and/or in the event any merchants merchant places an authorization hold against your account Account in error. In general, we will not be responsible for any transactions generated in error by merchants, processing agencies, or any other third parties not under our control, except as may be required under applicable law. DEPOSITS AND PAYMENTS Deposits and payments made at ATMs that can accept deposits and payments are subject to our verification and collection. You agree that our records are conclusive proof of deposits and payments made through these ATMs. CLAIMS AGAINST MERCHANTS Any claims concerning property or services purchased with the Card must be resolved by you directly with the merchant or seller who accepted the Card, and any claim or defense that you assert will not relieve you of your obligation to pay us the total amount of the transaction. If you have authorized a merchant to bill charges to your Card on a recurring basis, it is your responsibility to notify the merchant in the event your Card is replaced, your Card number or expiration date changes, or the applicable account from which payments are debited has been closed. However, if we issue a replacement Card to you, you authorize us, without obligation on our part, to provide information related to the replacement Card to the merchant in order to permit the merchant to bill recurring charges to the replacement Card, and you authorize us to apply such recurring charges to the replacement Card. Your use of the Card is subject to, and you agree to pay, the fees referenced or described in this Agreement and in related disclosures, and in our schedule of standard fees. We also have the right to charge a fee for replacing a Card. These fees are in addition to fees that relate to accounts accessible with the Card and are subject to change from time to time. You also agree to pay such charges as from time to time may be in effect with respect to Card transactions, including, without limitation, charges imposed by third parties in connection with the use of ATM/POS Terminals. Please contact 0-000-000-0000 or visit one of our branches for current information about applicable fees. CANCELLATION OF THE CARD We may cancel your use of the Card and PIN, or suspend your use thereof, or restrict or limit available transactions, at any time and for any reason, subject to the requirements of applicable law. You may cancel the Card and PIN at any time by calling the telephone number on the back of the Card, by visiting one of our banking offices and requesting assistance from one of our associates, or by using the Card cancellation functionality in our online banking service (online banking service is subject to separate enrollment). You agree not to use the Card after it has expired or been canceled, and you agree promptly to destroy the Card after cancellation or expiration.

Authorization Holds. When you use the Card in a POS transaction, the merchant may request an authorization for the transaction at the time of the transaction. In certain circumstances the payment authorization system permits the merchant to request authorization for an amount that may be more or less than (e.g., gas pump) or more than (e.g., hotel) the final amount of the transaction, which final amount may be unknown at the time of the transactiontransaction (e.g., a restaurant may include in a transaction authorization request an amount sufficient to cover a tip). In connection with a POS authorization requestsrequest, we may place a hold on your account as directed by the merchant at the time of the transaction. This type of hold helps make it more likely that your POS transaction will be completed, by holding funds available for the transaction pending our receipt of documentation from the merchant. Once such a hold is in place, the amount of the hold may not be available to pay any checks, POS transactions, transactions or other withdrawal or transfer orders or requests that you or other parties may might make. The hold will be released when the merchant presents final amount presents, and we process process, supporting documentation for the transaction, or three business days after the transaction date date, whichever occurs first. As is the case with all POS transactions, your account will be debited for the exact final amount of the transaction following our processing of the documentation. During the time that a hold is in place, the balance reported to you by means of telephone banking, online internet banking, ATM, ATM screens or your periodic account statement may might not reflect that the hold is or was in place against your account. During the period of any hold, we may, in our discretion, return items presented against your account or decline withdrawal and transfer requests, or we may pay such items and approve such withdrawal and transfer requests, if there are not sufficient funds in your account for such transactions in excess of the amount of the hold. You agree to be responsible for any overdraft and/or nonsufficient funds charges or fees we assess as a result of transactions against insufficient funds in your account during the period of any POS authorization holds, subject to the requirements of applicable law or regulation. You are responsible for knowing when you have made a POS transaction that might result in a hold and for not initiating transactions against insufficient funds during the period of any hold. We reserve the right, but have no obligation obligation, to release the hold at any time, in our discretion, if necessary to make funds available to pay other items presented against your account. If we release the hold to pay other items, and the transaction corresponding to the hold is subsequently presented against insufficient funds, we, in our discretion, may reject the transaction or we may process and debit your account for the amount of the transaction, and in either event you agree to pay any applicable overdraft and/or nonsufficient funds charges or fees we assess, subject to the requirements of applicable law or regulation. Overdraft and insufficient funds fees are determined when transactions are presented for payment, and fees may be charged even if the transaction was previously authorized against a positive available balance. You agree to release us from liability based on our return of items and/or our refusal to allow withdrawal or transfer requests when there are insufficient funds in your account due to any POS authorization hold, and you agree to release us from liability in the event we release a hold in order to pay other items presented against your account and subsequently reject the transaction corresponding to the hold due to insufficient funds in your account. You further release us from any and all liability in the event any merchant delays or fails to complete the final processing of any POS transaction that you may have initiated with the merchant, and/or in the event any merchants merchant places an authorization hold against your account in error. In general, we will not be responsible for any transactions generated in error by merchants, processing agencies, or any other third parties not under our control, except as may be required under applicable law.