Common use of Limitation of Services Clause in Contracts

Limitation of Services. We reserve the right to restrict or close your account for the following reasons (but not limited to): (i) we believe that we may suffer a loss if the account is not closed (ii) the volume of account activity exceeds that which we can reasonably and safely process (iii) the activity exceeds what is deemed reasonable and consistent with the type of account (iv) we determine that any party related to the account or those claiming an interest in the account have been abusive in the use of the account or in the conduct of his or her affairs with RBFCU (v) we are unable to verify your identity in accordance with our Identification Policy (vi) we suspect fraudulent or suspicious activity (vii) you demonstrate negligence in protecting your password(s), PIN, checks, or other account authorization information (viii) you attempt to circumvent our policy and procedures (ix) you refuse to provide information and/or documentation needed to facilitate a transaction or service (x) your balance remains below Par value ($1.00) required minimum, you fail to complete payment of one share within one month of admission to membership, or within one month from the increase in the par value of shares, or if you reduce your share balance below the par value of one share and do not increase the balance to at least the par value of one share within one month of the reduction (xi) you incur excessive overdrafts, returned unpaid items, or returned payments or deposits (xii) a change in account ownership or a change with regard to the persons authorized to sign on the account has occurred. What this means to you as a member is that we reserve the right to determine if certain activity on the account is within the scope of “usual or customary.” We reserve the right to question account owners to our satisfaction and our decisions will be final. You further understand and agree that RBFCU will impose restrictions, as described below, if you are delinquent or in default on any loan or other financial obligation owed to RBFCU. It is our policy to restrict account services, including but not limited to the right to maintain certain accounts, access and utilize RBFCU property or have direct contact with our employees. The privilege to use optional services, such as: Courtesy Pay, Skip-a-Pay, Mobile Deposit, and/or programs are subject to restrictions if you abuse your account. The availability to use electronic fund transfers via a debit card, Online Banking or Mobile Banking is subject to restrictions as well. If we have notified you to cease certain transactions and the activity continues, we will either restrict your services or close your account (business). Personal account(s) not ceasing requested activity will have limited member services and are subject to being reduced to Primary Savings only (we will never take away your “Fundamental Rights”; refer to “Member in Good Standing”). Unless expelled from membership, members have a right to maintain a Primary Savings account and vote in annual and special meetings. By opening an account with RBFCU, you have agreed to these terms. We will suspend your rights to services if you violate the terms of this agreement. You understand and agree that, unless required by law, we are not obligated to provide you with advance notice of our restriction of your account(s) or services. We may provide reasonable notice depending on the circumstances. As an account holder, you are encouraged to review any communications we provide to you regarding your accounts or services. Under certain circumstances, services may be reinstated if any loss caused to RBFCU is subsequently cured or if we, in our sole discretion, determine the conditions which led to the restrictions are no longer warranted.

Limitation of Services. We reserve the right to restrict or close your account for the following reasons (but not limited to): (i) we believe that we may suffer a loss if the account is not closed (ii) the volume of account activity exceeds that which we can reasonably and safely process (iii) the activity exceeds what is deemed reasonable and consistent with the type of account (iv) we determine that any party related to the account or those claiming an interest in the account have been abusive in the use of the account or in the conduct of his or her affairs with RBFCU (v) we are unable to verify your identity in accordance with our Identification Policy (vi) we suspect fraudulent or suspicious activity (vii) you demonstrate negligence in protecting your password(s), PIN, checks, or other account authorization information (viii) you attempt to circumvent our policy and procedures (ix) you refuse to provide information and/or documentation needed to facilitate a transaction or service (x) your balance remains below Par value ($1.00) required minimum, you fail to complete payment of one share within one month of admission to membership, or within one month from the increase in the par value of shares, or if you reduce your share balance below the par value of one share and do not increase the balance to at least the par value of one share within one month of the reduction minimum (xi) you incur excessive overdrafts, returned unpaid items, or returned payments or deposits (xii) a change in account ownership or a change with regard to the persons authorized to sign on the account has occurred. What this means to you as a member is that we reserve the right to determine if certain activity on the account is within the scope of “usual or customary.” We reserve the right to question account owners to our satisfaction and our decisions will be final. You further understand and agree that RBFCU will impose restrictions, as described below, if you are delinquent or in default on any loan or other financial obligation owed to RBFCU. It is our policy to restrict account services, including but not limited to the right to maintain certain accounts, access and utilize RBFCU property or have direct contact with our employees. The privilege to use optional services, such as: Courtesy Pay, Skip-a-Pay, Mobile Deposit, and/or programs are subject to restrictions if you abuse your account. The availability to use electronic fund transfers via a debit card, Online Banking or Mobile Banking is subject to restrictions as well. If we have notified you to cease certain transactions and the activity continues, we will either restrict your services or close your account (business). Personal account(s) not ceasing requested activity will have limited member services and are subject to being reduced to Primary Savings only (we will never take away your “Fundamental Rights”; refer to “Member in Good Standing”). Unless expelled from membership, members have a right to maintain a Primary Savings account and vote in annual and special meetings. By opening an account with RBFCU, you have agreed to these terms. We will suspend your rights to services if you violate the terms of this agreement. You understand and agree that, unless required by law, we are not obligated to provide you with advance notice of our restriction of your account(s) or services. We may provide reasonable notice depending on the circumstances. As an account holder, you are encouraged to review any communications we provide to you regarding your accounts or services. Under certain circumstances, services may be reinstated if any loss caused to RBFCU is subsequently cured or if we, in our sole discretion, determine the conditions which led to the restrictions are no longer warranted.