Common use of External Transfers Clause in Contracts

External Transfers. If you have a consumer account and you have selected the external transfer feature, you may originate the electronic transfer of funds into your account at Franklin Savings Bank from an account in your name at a financial institution outside of Franklin Savings Bank and you may originate the electronic transfer of funds from your account at Franklin Savings Bank to an account in your name at a financial institution outside of Franklin Savings Bank (both called “External Transfers”). When you originate External Transfers, you authorize Franklin Savings Bank and our service provider to initiate debit and credit entries, upon your instructions, to your Franklin Savings Bank account and your account at the financial institution(s) outside of Franklin Savings Bank that you designate, using the Automated Clearing House (ACH) or other payment transfer method. You agree and warrant to us that you will only originate External Transfers to or from accounts for which you have the authority to transfer funds, and that by disclosing information to us regarding those accounts to affect your transfers, you are not violating any third-party rights. Not all types of accounts may be eligible for External Transfers, so you should check with the institution for any restrictions on transfers. To ensure your security, before you add an outside account for External Transfers, originate a new External Transfer, edit an existing periodic External Transfer or change your phone number through Online Banking, you may be required to authenticate who you are, using a method of authentication you select. Before you originate an External Transfer, you will be asked to authenticate using Online Banking Credentials and/or complete a test transaction. If the authentication and/or test transaction fails or is rejected, for security purposes we may decline your External Transfer request(s) and any or all other transactions, and we may close your account, with or without notice to you. External Transfers may be originated on a single entry or recurring basis. One-time transfers may be scheduled immediately or scheduled for a future date. A recurring transfer allows you to transfer a set amount at regular intervals. Your authorization for any recurring External Transfers will remain in full force and effect until you revoke it in such timely manner as to afford Franklin Savings Bank a reasonable opportunity to act on your direction. One-time External Transfers cannot be scheduled to occur on a non-business day. Recurring External Transfers scheduled to occur on a non-business day will be processed on the next business day.

External Transfers. If you have a consumer or business account and you have selected the external transfer feature, you may originate the electronic transfer of funds into your account at Franklin Savings Blue Foundry Bank from an account in your name at a financial institution outside of Franklin Savings Blue Foundry Bank and you may originate the electronic transfer of funds from your account at Franklin Savings Blue Foundry Bank to an account in your name at a financial institution outside of Franklin Savings Blue Foundry Bank (both called “External Transfers”). External Transfers are not when using a mobile device. When you originate External Transfers, you authorize Franklin Savings Blue Foundry Bank and our service provider to initiate debit and credit entries, upon your instructions, to your Franklin Savings Blue Foundry Bank account and your account at the financial institution(s) outside of Franklin Savings Blue Foundry Bank that you designate, using the Automated Clearing House (ACH) or other payment transfer method. You agree and warrant to us that you will only originate External Transfers to or from accounts for which you have the authority to transfer funds, and that by disclosing information to us regarding those accounts to affect your transfers, you are not violating any third-third party rights. Not all types of accounts may be eligible for External Transfers, so you should check with the institution for any restrictions on transfers. To ensure your security, before you add an outside account for External Transfers, originate a new External Transfer, edit an existing periodic External Transfer or change your phone number through Online BankingeBanking, you may be required to authenticate who you are, using a method of authentication you select. Before you originate an External Transfer, you will be asked to authenticate using Online Banking Credentials and/or complete a test transaction. If the authentication and/or test transaction fails or is rejected, for security purposes we may decline your External Transfer request(s) and any or all other transactions, and we may close your account, with or without notice to you. External Transfers may be originated on a single entry or recurring basis. One-One time transfers may be scheduled immediately or scheduled for a future date. To ensure same day processing, you must schedule your External Transfer by 7:00 p.m. Eastern Time. A recurring transfer allows you to transfer a set amount at regular intervals. Your authorization for any recurring External Transfers will remain in full force and effect until you revoke it in such timely manner as to afford Franklin Savings Blue Foundry Bank a reasonable opportunity to act on your direction. One-One time External Transfers cannot be scheduled to occur on a non-business day. Recurring External Transfers scheduled to occur on a non-business day will be processed on the next business day.

External Transfers. If you have a consumer account and you have selected the external transfer feature, you may originate the electronic transfer of funds into your account at Franklin Savings Bank from an account in your name at a financial institution outside of Franklin Savings Bank and you may originate the electronic transfer of funds from your account at Franklin Savings Bank to an account in your name at a financial institution outside of Franklin Savings Bank (both called “External Transfers”). When you originate External Transfers, you authorize Franklin Savings Bank and our service provider to initiate debit and credit entries, upon your instructions, to your Franklin Savings Bank account and your account at the financial institution(s) outside of Franklin Savings Bank that you designate, using the Automated Clearing House (ACH) or other payment transfer method. You agree and warrant to us that you will only originate External Transfers to or from accounts for which you have the authority to transfer funds, and that by disclosing information to us regarding those accounts to affect your transfers, you are not violating any third-party third‐party rights. Not all types of accounts may be eligible for External Transfers, so you should check with the institution for any restrictions on transfers. To ensure your security, before you add an outside account for External Transfers, originate a new External Transfer, edit an existing periodic External Transfer or change your phone number through Online Banking, you may be required to authenticate who you are, using a method of authentication you select. Before you originate an External Transfer, you will be asked to authenticate using Online Banking Credentials and/or complete a test transaction. If the authentication and/or test transaction fails or is rejected, for security purposes we may decline your External Transfer request(s) and any or all other transactions, and we may close your account, with or without notice to you. External Transfers may be originated on a single entry or recurring basis. One-time One‐time transfers may be scheduled immediately or scheduled for a future date. A recurring transfer allows you to transfer a set amount at regular intervals. Your authorization for any recurring External Transfers will remain in full force and effect until you revoke it in such timely manner as to afford Franklin Savings Bank a reasonable opportunity to act on your direction. One-time One‐time External Transfers cannot be scheduled to occur on a non-business non‐business day. Recurring External Transfers scheduled to occur on a non-business non‐business day will be processed on the next business day.