Common use of Crediting of Deposits Clause in Contracts

Crediting of Deposits. The Funds Availability Policy section of this Agreement and the related disclosures provided to you reflect our policies relating to the availability of funds deposited to your Account. Funds may not be immediately available for you to withdraw and may not increase your Current Balance under some circumstances. Credit given by us to you with respect to an ACH or direct deposit credit Item (such as your pay from your employer or benefits from any federal or state government) is a Provisional Credit and we may decide to give you Provisional Credit for the deposit and allow you to withdraw funds from your Account before we receive Final Settlement for such deposit through a Federal Reserve Bank. In the event we do allow you to withdraw funds Posted as a Provisional Credit and we do not receive Final Settlement, you agree that we are entitled to a refund by you of the amount credited to your Account in connection with such entry. If we do not receive a Final Settlement through a Federal Reserve Bank or any such deposit is required, for any reason, to be returned to the original sender, you agree that we are entitled to (i) return the deposit to the original sender, such as your employer or any agency or department of the government and (ii) a refund from you of all amounts provisionally credited to your Account in connection with such Item. In order to effectuate any refund from you to which we are entitled under this provision, you authorize us without prior notice to you (except where prior notice is required by applicable law) to deduct the amount of the deposit from the Account into which it was credited or from any other Account you have with us. We may also use any other legal remedy to recover from you the amount returned. IN SUCH CIRCUMSTANCES YOU AGREE THAT YOU SHALL INDEMNIFY AND HOLD US HARMLESS FROM ALL CLAIMS, DEMANDS, LAWSUITS, LOSSES, COSTS, EXPENSES AND ATTORNEYS’ FEES WE SUFFER OR INCUR IF EXERCISING OUR RIGHT OF RECLAMATION RESULTS IN INSUFFICIENT FUNDS IN THE ACCOUNT OR OTHER ACCOUNTS. Substitute Checks (IRDs) not printed by us will not be accepted for deposit without a prior separate written agreement. WITHDRAWAL RULES Preventing Unauthorized Withdrawals. In order to minimize the risk of having unauthorized Items such as checks or drafts charged to your Account, you should never give your Account number or our routing number to any third party (such as telemarketer salespersons). We will never call you and ask for this information. Any phone call you receive that requests this information is not from us or authorized by us no matter what the caller may tell you.

Crediting of Deposits. The Funds Availability Policy section of this Agreement and the related disclosures disclosure provided to you reflect reflects our policies relating to the availability of funds deposited to your Accountaccount. Funds If your pay from your employer or any federal benefits are deposited to your account by ACH or direct deposit credit item, we may not be immediately available decide to give you provisional credit for the deposit and allow you to withdraw and may not increase funds from your Current Balance under some circumstancesaccount before we receive final settlement for such deposit through a Federal Reserve Bank. We reserve the right to discontinue this practice with only such prior notice to you as is expressly required by applicable law. Credit given by us to you with respect to an ACH or direct deposit credit Item (such as your pay from your employer or benefits from any federal or state government) item is a Provisional Credit and we may decide to give you Provisional Credit for the deposit and allow you to withdraw funds from your Account before provisional until we receive Final Settlement final settlement for such deposit item through a Federal Reserve Bank. In the event we do allow you to withdraw funds Posted as a Provisional Credit and we do not receive Final Settlement, you agree that we are entitled to a refund by you of the amount credited to your Account in connection with such entry. If we do not receive a Final Settlement final settlement through a Federal Reserve Bank or any such deposit is required, for any reason, to be returned to the original sender, you agree that we are entitled to (i) return i)return the deposit to the original sender, such as your employer or any agency or department of the government and (ii) a ii)a refund from you of all amounts provisionally credited to your Account account in connection with such Itemitem. In order to effectuate any refund from you to which we are entitled under this provision, you authorize us without prior notice to you (except where prior notice is required by applicable law) you, to deduct the amount of the deposit from the Account account into which it was credited or from any other Account account you have with us. We may also use any other legal remedy to recover from you the amount returned. IN SUCH CIRCUMSTANCES YOU AGREE THAT YOU SHALL INDEMNIFY AND HOLD US HARMLESS FROM ALL CLAIMS, DEMANDS, LAWSUITS, LOSSES, COSTS, EXPENSES AND ATTORNEYS’ FEES WE SUFFER OR INCUR IF EXERCISING OUR RIGHT OF RECLAMATION RESULTS IN INSUFFICIENT FUNDS IN THE ACCOUNT OR OTHER ACCOUNTS. Substitute Checks (IRDs) not printed by us will not be accepted for deposit without a prior separate written agreement. WITHDRAWAL RULES Preventing Unauthorized Withdrawals. In order to minimize the risk of having unauthorized Items such as checks or drafts charged to your Account, you should never give your Account number or our routing number to any third party (such as telemarketer salespersons). We will never call you and ask for this information. Any phone call you receive that requests this information is not from us or authorized by us no matter what the caller may tell you.

Crediting of Deposits. The Funds Availability Policy section of this Agreement and the related disclosures disclosure provided to you reflect reflects our policies relating to the availability of funds deposited to your Account. Funds If your pay from your employer or any federal benefits are deposited to your Account by ACH or direct deposit credit item, we may not be immediately available decide to give you provisional credit for the deposit and allow you to withdraw and may not increase funds from your Current Balance under some circumstancesAccount before we receive final settlement for such deposit through a Federal Reserve Bank. We reserve the right to discontinue this practice with only such prior notice to you as is expressly required by applicable law. Credit given by us to you with respect to an ACH or direct deposit credit Item (such as your pay from your employer or benefits from any federal or state government) item is a Provisional Credit and we may decide to give you Provisional Credit for the deposit and allow you to withdraw funds from your Account before provisional until we receive Final Settlement final settlement for such deposit item through a Federal Reserve Bank. In the event we do allow you to withdraw funds Posted as a Provisional Credit and we do not receive Final Settlement, you agree that we are entitled to a refund by you of the amount credited to your Account in connection with such entry. If we do not receive a Final Settlement final settlement through a Federal Reserve Bank or any such deposit is required, for any reason, to be returned to the original sender, you agree that we are entitled to (i) return i)return the deposit to the original sender, such as your employer or any agency or department of the government and (ii) a ii)a refund from you of all amounts provisionally credited to your Account in connection with such Itemitem. In order to effectuate any refund from you to which we are entitled under this provision, you authorize us without prior notice to you (except where prior notice is required by applicable law) you, to deduct the amount of the deposit from the Account into which it was credited or from any other Account you have with us. We may also use any other legal remedy to recover from you the amount returned. IN SUCH CIRCUMSTANCES YOU AGREE THAT YOU SHALL INDEMNIFY AND HOLD US HARMLESS FROM ALL CLAIMS, DEMANDS, LAWSUITS, LOSSES, COSTS, EXPENSES AND ATTORNEYS’ FEES WE SUFFER OR INCUR IF EXERCISING OUR RIGHT OF RECLAMATION RESULTS IN INSUFFICIENT FUNDS IN THE ACCOUNT OR OTHER ACCOUNTS. Substitute Checks (IRDs) not printed by us will not be accepted for deposit without a prior separate written agreement. WITHDRAWAL RULES Preventing Unauthorized Withdrawals. In order to minimize the risk of having unauthorized Items such as checks or drafts charged to your Account, you should never give your Account number or our routing number to any third party (such as telemarketer salespersons). We will never call you and ask for this information. Any phone call you receive that requests this information is not from us or authorized by us no matter what the caller may tell you.

Crediting of Deposits. The Funds Availability Policy section of this Agreement Deposits made after the deposit cutoff time and the related disclosures provided to you reflect deposits made on either holidays or days that are not our policies relating to the availability of funds deposited business days will be credited to your Accountaccount on the next business day. Funds may ACCOUNT ACCESS AUTHORIZED SIGNATURES Your signature on the Membership Application authorizes your account access. We will not be immediately available liable for refusing to honor any item or instruction if we believe the signature is not genuine. If you have authorized the use of a facsimile signature, we may honor any check that appears to withdraw and may not increase bear your Current Balance under some circumstancesfacsimile signature even if an unauthorized person made it. Credit given by You authorize us to honor transactions initiated by a third person to which you with respect to an ACH have given your account number even if you do not authorize a particular transaction. ACCESS OPTIONS You may withdraw or direct deposit credit Item (such as your pay from your employer or benefits from any federal or state government) is a Provisional Credit and we may decide to give you Provisional Credit for the deposit and allow you to withdraw transfer funds from your Account account(s) in any manner we permit (e.g.: at an automated teller machine, in person, by mail, automatic transfer or telephone, as applicable). We may return, as unpaid, any check drawn on a form we do not provide and you are responsible for any loss we incur handling such a check. We have the right to review and approve any form of Power of Attorney and may restrict account withdrawals or transfers. We are under no obligation to honor any Power of Attorney. ACH & WIRE TRANSFERS If we provide you the service, you may initiate or receive credits or debits to your account through wire of ACH transfer. You agree that if you receive funds by a wire or ACH transfer, we are not required to notify you at the time the funds are received. Instead, the transfer will be shown on your periodic statement. We may provisionally credit your account for an ACH transfer before we receive Final Settlement for such deposit through a Federal Reserve Bankformal settlement. In We may reverse the event we do allow provisional credit or you to withdraw funds Posted as a Provisional Credit and will refund us the amount if we do not receive Final Settlementfinal settlement. When you initiate a wire transfer, you agree that we are entitled to must identify the recipient and financial institution by name and by account identifying number. Riverside Federal Credit Union (and other institutions) may rely on the account or other identifying number as the proper identification even if it identifies a refund by you different party or institution. CREDIT UNION EXAMINATION We may disregard information on any draft or check other than the signature of the amount credited to your Account in connection with such entry. If we drawer, the amount, and any magnetic encoding, as our procedures do not receive a Final Settlement through a Federal Reserve Bank or provide for sight examination of items. ACCOUNT RATES & FEES We pay account earnings and assess fees against your account as set forth in the Truth-in-Savings/Savings and Checking Disclosure and Fee Schedule Disclosure. We may change the Truth-in-Savings/Savings and Checking Disclosure and Fee Schedule Disclosure at any such deposit is required, for any reason, to be returned to the original sender, time and will notify you agree that we are entitled to (i) return the deposit to the original sender, such as your employer or any agency or department of the government and (ii) a refund from you of all amounts provisionally credited to your Account in connection with such Item. In order to effectuate any refund from you to which we are entitled under this provision, you authorize us without prior notice to you (except where prior notice is required by applicable law) . TRANSACTION LIMITATIONS WITHDRAWAL RESTRICTIONS We permit withdrawals only if your account has sufficient available funds to deduct cover the full amount of the deposit from withdrawal of your have an established overdraft protection plan. Checks, other transfers, or payment orders that are drawn against insufficient funds may be subject to a fee as set forth in the Account into Truth-in-Savings/Savings and Checking Disclosure and Fee Schedule Disclosure. If there are sufficient funds to cover some, but not all, of your withdrawal, we may allow those withdrawals for which it was credited or from there are sufficient funds in any other Account you have with usorder at our discretion. We may also use any other legal remedy refuse to recover from allow a withdrawal in some situations, and will advise you accordingly. TRANSFER LIMITATIONS Savings, Money Market, Holiday Club and IRA accounts are limited to six (6) transfers or withdrawals per month to another one of your accounts or to a third party using preauthorized, automatic or telephonic means, or by check, draft, debit card, or similar order made by the amount returnedmember and payable to third parties. IN SUCH CIRCUMSTANCES YOU AGREE THAT YOU SHALL INDEMNIFY AND HOLD US HARMLESS FROM ALL CLAIMS, DEMANDS, LAWSUITS, LOSSES, COSTS, EXPENSES AND ATTORNEYS’ FEES WE SUFFER OR INCUR IF EXERCISING OUR RIGHT OF RECLAMATION RESULTS IN INSUFFICIENT FUNDS IN THE ACCOUNT OR OTHER ACCOUNTS. Substitute Checks (IRDs) not printed by us will not be accepted for deposit without a prior separate written agreement. WITHDRAWAL RULES Preventing Unauthorized Withdrawals. In order to minimize the risk of having unauthorized Items such as checks or drafts charged to your Account, you should never give your Account number or our routing number You may make unlimited transfers to any third party (such as telemarketer salespersons)of your accounts or to any Credit Union loan account and may make withdrawals in person, by mail or at an ATM. We will never call you However, we may refuse or reverse a transfer that exceeds these limitations and ask for this information. Any phone call you receive that requests this information is not from us may assess fees against, suspend or authorized by us no matter what the caller may tell youclose your account.

Crediting of Deposits. The Funds Availability Policy section of this Agreement and the related disclosures provided to you reflect our policies relating to the availability of funds deposited to your Account. Funds may not be immediately available for you to withdraw and may not increase your Current Balance under some circumstances. Credit given by us to you with respect to an ACH or direct deposit credit Item (such as your pay from your employer or benefits from any federal or state government) is a Provisional Credit and we may decide to give you Provisional Credit for the deposit and allow you to withdraw funds from your Account before we receive Final Settlement for such deposit through a Federal Reserve Bank. In the event we do allow you to withdraw funds Posted as a Provisional Credit and we do not receive Final Settlement, Settlement you agree that we are entitled to a refund by you of the amount credited to your Account in connection with such entry. In order to effectuate any refund from you to which we are entitled under this provision, you authorize us without prior notice to you, to take such actions as are set forth in the Right of Setoff provisions of this Agreement and we may also use any other legal remedy available to us under applicable law to recover the funds from you. We reserve the right to discontinue this practice with regard to your Accounts only or for all such deposits only such prior notice to you as is expressly required by applicable law. If we do not receive a Final Settlement through a Federal Reserve Bank or any such deposit is required, for any reason, to be returned to the original sender, you agree that we are entitled to (i) return the deposit to the original sender, such as your employer or any agency or department of the government and (ii) a refund from you of all amounts provisionally credited to your Account in connection with such Item. In order to effectuate any refund from you to which we are entitled under this provision, you authorize us without prior notice to you (except where prior notice is required by applicable law) you, to deduct the amount of the deposit from the Account into which it was credited or from any other Account you have with us. We may also use any other legal remedy to recover from you the amount returned. IN SUCH CIRCUMSTANCES YOU AGREE THAT YOU SHALL INDEMNIFY AND HOLD US HARMLESS FROM ALL CLAIMS, DEMANDS, LAWSUITS, LOSSES, COSTS, EXPENSES AND ATTORNEYS’ FEES WE SUFFER OR INCUR IF EXERCISING OUR RIGHT OF RECLAMATION RESULTS IN INSUFFICIENT FUNDS IN THE ACCOUNT OR OTHER ACCOUNTS. Substitute Checks (IRDs) not printed by us us, will not be accepted for deposit without a prior separate written agreement. WITHDRAWAL RULES Preventing Unauthorized Withdrawals. In order to minimize the risk of having unauthorized Items such as checks or drafts charged to your Account, you should never give your Account number or our routing number to any third party (such as telemarketer salespersonssales persons). We will never call you and ask for this information. Any phone call you receive that requests request this information is not from us or authorized by us no matter what the caller may tell you.

Crediting of Deposits. The Funds Availability Policy section of this Agreement and the related disclosures Disclosure provided to you reflect reflects our policies relating to the availability of funds deposited funds. (F) Substitute Checks and Electronic Files Pertaining to Original Checks. If you deposit a “substitute check” (as defined in Regulation CC § Section 229.2(aaa)) or a purported substitute check into your Account, you agree to reimburse us for losses, costs and expenses we may pay or incur associated with the item not meeting applicable substitute check standards and/or from duplicate payments associated with the item. Funds If you provide us with an electronic representation of a substitute check for deposit into your account instead of an original check, you agree to reimburse us for losses, costs and expenses we may pay or incur associated with the substitute check resulting from the electronic representation not be immediately available for you meeting applicable substitute check standards and/or from duplicate payments associated with the item. WITHDRAWAL RULES. The following terms apply to withdraw and may not increase your Current Balance under some circumstances. Credit given by us to you with respect to an ACH or direct deposit credit Item (such as your pay withdrawals from your employer or benefits from any federal or state governmentAccount: (A) is a Provisional Credit and we Manner of Withdrawal. You may decide to give you Provisional Credit for the deposit and allow you to withdraw funds make withdrawals from your Account before we receive Final Settlement in any manner that is permitted by us for such deposit through a Federal Reserve Bankthe type of Account that you have opened. In the event we do allow you to withdraw funds Posted as a Provisional Credit and we do not receive Final Settlement, you agree that we are entitled to a refund Withdrawals by you of the amount credited mail will be posted to your Account in connection with such entry. If we do not receive a Final Settlement through a Federal Reserve Bank or any such deposit is required, for any reason, to be returned to the original sender, you agree that we are entitled to (i) return the deposit to the original sender, such as your employer or any agency or department of the government and (ii) a refund from you of all amounts provisionally credited to your Account in connection with such Item. In order to effectuate any refund from you to which we are entitled under this provision, you authorize us without prior notice to you (except where prior notice day the transaction is required processed by applicable law) to deduct the amount of the deposit from the Account into which it was credited or from any other Account you have with us. We may also use refuse to accept any check other legal remedy to recover from you the amount returned. IN SUCH CIRCUMSTANCES YOU AGREE THAT YOU SHALL INDEMNIFY AND HOLD US HARMLESS FROM ALL CLAIMSthan standard checks provided by us, DEMANDS, LAWSUITS, LOSSES, COSTS, EXPENSES AND ATTORNEYS’ FEES WE SUFFER OR INCUR IF EXERCISING OUR RIGHT OF RECLAMATION RESULTS IN INSUFFICIENT FUNDS IN THE ACCOUNT OR OTHER ACCOUNTS. Substitute Checks (IRDs) not printed or approved by us will in advance. Withdrawals and transfers from your Account may be restricted as provided in the Agreement, or in the Schedule, or by applicable law. (B) Withdrawal Restrictions and Overdrafts. We do not be accepted for deposit without have to allow you to make a prior separate written agreementwithdrawal from your Account if you don’t have sufficient available funds in the Account to cover the full amount of the withdrawal. WITHDRAWAL RULES Preventing Unauthorized Withdrawals. In order If there are available funds to minimize cover some, but not all, of the risk of having unauthorized Items withdrawals or other debits (such as checks or drafts charged charges) to your Account, you should never give your Account number we may post those withdrawals or other debits for which there are sufficient available funds in any order we may choose at our routing number sole discretion. If there are insufficient available funds to any third party (such as telemarketer salespersons). We will never call you and ask for this information. Any phone call you receive that requests this information is not from us or authorized by us no matter what cover some of the caller may tell you.withdrawals

Crediting of Deposits. The Funds Availability Policy section of this Agreement and the related disclosures provided to you reflect our policies relating to the availability of funds deposited to your Account. Funds may not be immediately available for you to withdraw and may not increase your Current Balance under some circumstances. Credit given by us to you with respect to an ACH or direct deposit credit Item (such as your pay from your employer or benefits from any federal or state government) is a Provisional Credit and we may decide to give you Provisional Credit for the deposit and allow you to withdraw funds from your Account before we receive Final Settlement for such deposit through a Federal Reserve Bank. In the event we do allow you to withdraw funds Posted as a Provisional Credit and we do not receive Final Settlement, Settlement you agree that we are entitled to a refund by you of the amount credited to your Account in connection with such entry. In order to effectuate any refund from you to which we are entitled under this provision, you authorize us without prior notice to you, to take such actions as are set forth in the Right of Setoff provisions of this Agreement and we may also use any other legal remedy available to us under applicable law to recover the funds from you. We reserve the right to discontinue this practice with regard to your Accounts only or for all such deposits only such prior notice to you as is expressly required by applicable law. If we do not receive a Final Settlement through a Federal Reserve Bank or any such deposit is required, for any reason, to be returned to the original sender, you agree that we are entitled to (i) return the deposit to the original sender, such as your employer or any agency or department of the government and (ii) a refund from you of all amounts provisionally credited to your Account in connection with such Item. In order to effectuate any refund from you to which we are entitled under this provision, you authorize us without prior notice to you (except where prior notice is required by applicable law) you, to deduct the amount of the deposit from the Account into which it was credited or from any other Account you have with us. We may also use any other legal remedy to recover from you the amount returned. IN SUCH CIRCUMSTANCES YOU AGREE THAT YOU SHALL INDEMNIFY AND HOLD US HARMLESS FROM ALL CLAIMS, DEMANDS, LAWSUITS, LOSSES, COSTS, EXPENSES AND ATTORNEYS’ FEES WE SUFFER OR INCUR IF EXERCISING OUR RIGHT OF RECLAMATION RESULTS IN INSUFFICIENT FUNDS IN THE ACCOUNT OR OTHER ACCOUNTS. Substitute Checks (IRDs) not printed by us us, will not be accepted for deposit without a prior separate written agreement. WITHDRAWAL RULES Preventing Unauthorized Withdrawals. In order to minimize the risk of having unauthorized Items such as checks or drafts charged to your Account, you should never give your Account number or our routing number to any third party (such as telemarketer salespersons). We will never call you and ask for this information. Any phone call you receive that requests request this information is not from us or authorized by us no matter what the caller may tell you.