Common use of External Transfers Clause in Contracts

External Transfers. a. Within the Online Banking System, you have the option to participate in the External Transfer Service, which allows you to transfer funds between your eligible accounts at the Bank (checking, savings, and money market) and checking or savings accounts owned by you at other United States Financial Institutions, assuming that the transfer is permitted by your other financial institution and by law. Accounts at the Bank you select for this Service are referred to as “Internal Accounts,” and accounts you select from among accounts you own at other financial institutions are referred to as “External Accounts.” You may only transfer funds between accounts where you are an owner of both accounts and the terms and conditions of the accounts allow deposits and/or withdrawals of the type you are initiating. Transfers from an Internal Account to an External Account are referred to as “Outgoing Transfers” and Transfers from an External Account to an Internal Account are referred to as “Incoming Transfers.” b. In order to use the External Transfer Service, you will need to register the External Accounts that you wish to access and provide certain identifying information about each of those accounts. For Incoming Transfers, you agree that you will only attempt to register External Accounts that you own or for which you have the authority to transfer funds. You acknowledge and agree that each External Account you seek to register will be subject to a two‐deposit validation process, a fraud mitigation feature that requires you to confirm account ownership by validating the amounts of two small deposits made to an External Account before Transfers can be made to or from the account. c. The External Transfer Service is only available for domestic (U.S.) transfers. International transfers cannot be performed through the External Transfer service. International funds transfers may be processed through a wire transfer request.

External Transfers. a. (a) Within the Online Banking System, you have the option to participate in the External Transfer Service, which allows you to transfer funds between your eligible money market accounts at the Bank (checking, savings, and money market) with us and checking or savings accounts owned by you at other United States Financial Institutions, assuming that the transfer is permitted by your other financial institution and by law. Accounts at the Bank with us you select for this Service are referred to as “Internal Accounts,” and accounts you select from among accounts you own at other financial institutions are referred to as “External Accounts.” You may only transfer funds between accounts where you are an owner of both accounts and the terms and conditions of the accounts allow deposits and/or withdrawals of the type you are initiating. Transfers from an Internal Account to an External Account are referred to as “Outgoing Transfers” and Transfers from an External Account to an Internal Account are referred to as “Incoming Transfers.” b. (b) In order to use the External Transfer Service, you will need to register the External Accounts that you wish to access and provide certain identifying information about each of those accounts. For Incoming Transfers, you agree that you will only attempt to register External Accounts that you own or for which you have the authority to transfer funds. You acknowledge and agree that each External Account you seek to register will be subject to a two‐deposit two-deposit validation process, a fraud mitigation feature that requires you to confirm account ownership by validating the amounts of two small deposits made to an External Account before Transfers can be made to or from the account. c. (c) The External Transfer Service is only available for domestic (U.S.) transfers. International transfers cannot be performed through the External Transfer service. International funds transfers may be processed through a wire transfer request.

External Transfers. a. Within the Online Banking System, you have the option to participate in the External Transfer Service (the “Service”), which allows you to transfer funds between your eligible accounts at the Bank Credit Union (checking, savings, and money market) and checking or savings accounts owned by you at other United States (U.S.) Financial Institutions, assuming that the transfer is permitted by your other financial institution and by law. Accounts at the Bank Credit Union you select for this Service are referred to as “Internal Accounts,” and accounts you select from among accounts you own at other financial institutions are referred to as “External Accounts.” You may only transfer funds between accounts where you are an owner of both accounts and the terms and conditions of the accounts allow deposits and/or withdrawals of the type you are initiating. Transfers from an Internal Account to an External Account are referred to as “Outgoing Transfers” and Transfers from an External Account to an Internal Account are referred to as “Incoming Transfers.” b. In order to To use the External Transfer Service, you will need to register the External Accounts that you wish to access and provide certain identifying information about each of those accounts. For Incoming Transfers, you agree that you will only attempt to register External Accounts that is a U.S. account that you own or for which you have the authority to transfer funds. You acknowledge and agree that each External Account you seek to register will may be subject to a two‐deposit micro-deposit validation process, a fraud mitigation feature that requires you to confirm account ownership by validating the amounts of two small deposits made to an External Account before Transfers can be made to or from the account. c. The External Transfer Service is only available for domestic (U.S.) transfers. International transfers cannot be performed through the External Transfer service. International funds transfers may be processed through a wire transfer request. d. You acknowledge and agree that Transfers are made through the Automated Clearing House (“ACH”) processor selected by us and you agree that you will be subject to the National Automated Clearing House Association (“NACHA”) rules. e. The External Funds Transfer feature will process requests for transfers on business days only. Our business days are Monday through Friday. A business day does not include Saturday, Sunday, or any State or Federal Holiday on which the Federal Reserve is closed.