Common use of Direct Debit of Your Account Clause in Contracts

Direct Debit of Your Account. When making a merchant purchase or procuring a cash advance, you authorize the Bank to debit from your designated account for the total amount of the transaction as shown on any sales draft or withdrawal order originated by use of your Card, whether or not signed by you, and we are permitted to handle such sales drafts or withdrawal orders in the same way we handle checks drawn on your designated account, with the exception that you have no right to stop payment. Prior Authorization Required We may require the merchant or bank that honors your Card to obtain prior authorization for any transaction over a certain dollar amount, which is set at our discretion and may be changed from time to time. Authorizations to Result in Holds on Funds in Your Account We reserve the right to place a hold on your account based on the authorization prior to settlement (the actual posting of the transaction to your account). This could result in an overdraft if sufficient funds are not available in your account to cover both the hold and any checks or other items posting to the account. Cash Refunds on Purchases Not Available We will not make cash refunds on purchases. Any claim or defense for purchases must be handled by you directly with the merchant or other business establishment that accepted your Card. You may not assert disputes you may have with a merchant against us, as, for example, when you believe that the goods or services paid for with your Card were defective, not delivered or not as promised. Any such dispute is solely between you and the merchant, and you must still pay the total amount of the sales draft plus any appropriate charges we may be authorized to make. Any merchant credit vouchers for returns or adjustments will be credited to your designated account when received by us. Foreign Transactions Purchases, cash advances and cash withdrawals made in foreign countries and foreign currencies using your Card will be converted by Visa, Inc. (“Visa”) and charged to your account in U.S. dollars. The Visa currency conversion procedure includes use of either a government-mandated exchange rate or a wholesale exchange rate selected by Visa. The government-mandated exchange rate or wholesale exchange rate used for a particular transaction is the rate Visa selects for the applicable currency on the day the transaction is processed, which rate may differ from the rate on the date the transaction actually occurred or was posted to your account. Documentation as Evidence Any documentation provided to you which indicates that an electronic funds transfer was made shall be admissible as evidence of such transfer and shall constitute prima facie proof that such transfer was made. Right to Stop Payment and Procedure for Doing so, and Financial Institution’s Liability for Failure to Stop Payment

Direct Debit of Your Account. When making a merchant purchase or procuring a cash advance, you authorize the Bank to debit from your designated account for the total amount of the transaction as shown on any sales draft or withdrawal order originated by use of your Card, whether or not signed by you, and we are permitted to handle such sales drafts or withdrawal orders in the same way we handle checks drawn on your designated account, with the exception that you have no right to stop payment. Prior Authorization Required We may require the merchant or bank that honors your Card to obtain prior authorization for any transaction over a certain dollar amount, which is set at our discretion and may be changed from time to time. Authorizations to Result in Holds on Funds in Your Account We reserve the right to place a hold on your account based on the authorization prior to settlement (the actual posting of the transaction to your account). This could result in an overdraft if sufficient funds are not available in your account to cover both the hold and any checks or other items posting to the account. Cash Refunds on Purchases Not Available We will not make cash refunds on purchases. Any claim or defense for purchases must be handled by you directly with the merchant or other business establishment that accepted your Card. You may not assert disputes you may have with a merchant against us, as, for example, when you believe that the goods or services paid for with your Card were defective, not delivered or not as promised. Any such dispute is solely between you and the merchant, and you must still pay the total amount of the sales draft plus any appropriate charges we may be authorized to make. Any merchant credit vouchers for returns or adjustments will be credited to your designated account when received by us. Foreign Transactions Purchases, cash advances and cash withdrawals made in foreign countries and foreign currencies using your Card will be converted by Visa, Inc. (“Visa”) and charged to your account in U.S. dollars. The Visa currency conversion procedure includes use of either a government-government- mandated exchange rate or a wholesale exchange rate selected by Visa. The government-mandated exchange rate or wholesale exchange rate used for a particular transaction is the rate Visa selects for the applicable currency on the day the transaction is processed, which rate may differ from the rate on the date the transaction actually occurred or was posted to your account. You may consult our Fee Schedule for the current rate. Documentation as Evidence Any documentation provided to you which indicates that an electronic funds transfer was made shall be admissible as evidence of such transfer and shall constitute prima facie proof that such transfer was made. Right to Stop Payment and Procedure for Doing so, and Financial Institution’s Liability for Failure to Stop Payment