Common use of Registration and Access Clause in Contracts

Registration and Access. You must be a consumer or operating under your SSN (Sole Proprietor) enrolled in nbkc Online & Mobile Banking in order to transfer funds between your Accounts with us and accounts at other financial institutions (“External Transfers”). External Transfers are outbound and inbound transfers that move funds to or from one of your eligible Accounts with us to or from a registered account at another financial institution. An “Inbound” transfer moves funds into an Account you own with nbkc bank from an account you own outside of nbkc bank. An “Outbound” transfer moves funds from an Account you own at nbkc bank to an account outside nbkc bank that is owned by you or for which you otherwise have the authority to transfer funds. You will need to enroll each non-Bank account that you wish to use for External Transfers. Scheduling External Transfers. External Transfers can be scheduled (or initiat- ed) on either a one-time basis or a recurring basis. One-time transfers may be scheduled to be sent immediately or scheduled to be sent on a future date. The recurring transfer feature may be used when a set amount is transferred at reg- ular intervals. One-time future-dated or future recurring transfers scheduled for a weekend or a non-Business Day will be processed on the prior Business Day. All other one-time future-dated and recurring transfers will be processed at the end of the Business Day requested. The cut-off time and delivery date of External Transfers is set forth in Online Banking and/or in this Agreement. When Transfers are Debited/Credited to/from Your Account(s). Transfers initiated before Cut-Off Time: Funds involving an External Transfer from your Account with us (Outbound) will be debited from your Account and credited to the receiving non-nbkc bank account on the next Business Day after you initiate the transfer. Funds involving Inbound transfers will be debited from the external, non-nbkc bank account and credited to the receiving nbkc bank Account on the next Business Day after you initiate the transfer. Funds credited to the receiv- ing nbkc bank account may not be available for use until the 2 business day Transfers initiated after Cut-Off Time. Funds involving an External Transfer from your Account with Bank (Outbound) will be debited from your Account and credited to the receiving external, non-nbkc bank account on the second Busi- ness Day after you initiate the transfer. Funds involving Inbound transfers will be debited from the external, non-nbkc bank account and credited to the receiving nbkc bank Account on the second Business Day after you initiate the transfer. The funds credited to the receiving nbkc bank account may not be available for use until the 2 business day following the day of credit. For accounts that are less than 30 days old, the funds credited to the receiving nbkc bank account may not be available until the 5th business day following the day of credit. Canceling Scheduled Transfers. Future-dated External Transfers (either one- time or recurring) can be cancelled prior to the cut-off time set forth in Online Banking on the Business Day prior to the date the transfer is scheduled to be made. However, if the transfer’s status is processing, you can no longer cancel Limitations on External Transfers. In addition to the limits described in the ap- plicable Deposit Account Agreement, External Transfers are subject to daily and aggregate total limits which may change at any time, without prior notice (other than any notice required by applicable law).

Registration and Access. You must be a consumer or operating under your SSN (Sole Proprietor) enrolled in nbkc Online & Mobile Digital Banking and Digital Services in order to transfer funds between your Accounts with us and accounts at other financial institutions (“External Transfers”)institutions. External Transfers are outbound and inbound transfers that move funds to or from one of your eligible Accounts with us to or from a registered linked account at another financial institution. An “"Inbound” " transfer moves funds into an Account you own with nbkc bank WaterStone Bank from an account you own outside of nbkc bankWaterStone Bank. An “"Outbound” " transfer moves funds from an Account you own at nbkc bank WaterStone Bank to an account outside nbkc bank WaterStone Bank that is owned by you or for which you otherwise have the authority to transfer funds. You will need to enroll link each non-WaterStone Bank account that you wish to use for External Transfers. Scheduling External Transfers. External Transfers can be scheduled (or initiat- edinitiated) on either a one-time basis or a recurring basis. One-time transfers may be scheduled to be sent immediately or scheduled to be sent on a future date. The recurring transfer feature may be used when a set amount is transferred at reg- ular regular intervals. One-time future-dated or future recurring transfers scheduled for a weekend or a non-Business Day will be processed on the prior following Business Day. All other one-time future-dated and recurring transfers will be processed at the end of on the Business Day requested. The cutCut-off time Off Time and delivery date of External Transfers is set forth in Online Banking and/or in this Agreement4:30 p.m Central Time (CT). WaterStone Bank will conduct a review of your Account to ensure that the Account has sufficient funds to allow the External Transfer to be processed. If WaterStone Bank determines the Account does not have sufficient funds, the scheduled External Transfer may be cancelled and may not be processed. When Transfers are Are Debited/Credited toTo/from From Your Account(s). Transfers initiated before Cut-Off Time: Funds involving an External Transfer from your Account with us (Outbound) will be debited from your Account on the same business day and credited to the receiving non-nbkc bank WaterStone Bank account on the next Business Day after you initiate the transfer. Funds involving Inbound transfers will be debited from the external, non-nbkc bank WaterStone Bank account and credited to the receiving nbkc bank Account on the next Business Day after you initiate the transfer. Funds credited to the receiv- ing nbkc bank account may not be available for use until the 2 business day Account are immediately available. Transfers initiated after Initiated After Cut-Off Time. Funds involving an External Transfer from your Account with Bank (Outbound) will be debited from your Account on the same business day and credited to the receiving external, non-nbkc bank WaterStone Bank account on the second Busi- ness Business Day after you initiate the transfer. Funds involving Inbound transfers generally will be debited from the external, non-nbkc bank WaterStone Bank account and credited to the receiving nbkc bank Account on the second Business Day after you initiate the transfer. The funds credited to the receiving nbkc bank account may not be available for use until the 2 business day following the day of credit. For accounts that are less than 30 days old, the funds credited to the receiving nbkc bank account may not be available until the 5th business day following the day of credit. Canceling Scheduled External Transfers. Future-dated External Transfers (either one- one-time or recurring) can be cancelled canceled prior to the cut-off time set forth in Online Banking 8:00 a.m. CT on the Business Day prior to the date the transfer is scheduled to be made. However, if the transfer’s status is processing, you can no longer cancel Limitations on External Transfers. In addition to the limits described in the ap- plicable Deposit Account Agreement, External Transfers are subject to daily and aggregate total limits which may change at any time, without prior notice (other than any notice required by applicable law).