Common use of Returned Deposits Clause in Contracts

Returned Deposits. When an item you cash or deposit into your account is returned to us unpaid, we will debit the amount of the item from your account, debit any dividends that would have been earned and return the item to you. In the event a returned deposit causes your account balance to become negative, we may retain the item until the negative balance is resolved. We may choose, at our discretion, to redeposit the item. You may be assessed a returned deposit fee (please see our current Schedule of Fees & Charges) regardless of the action we take. We may refuse to accept facsimile signatures. You agree to assume full responsibility for any and all payments made by us in reliance upon a facsimile signature(s) resembling a signature that has been provided to us by you. You agree to indemnify and hold us harmless from any and all losses, claims, damages, liability, costs, and expenses including, but not limited to, reasonable attorney fees arising directly or indirectly out of the misuse or the unlawful or unauthorized use of the facsimile signature(s) by any person. We are not required to act upon instructions received by facsimile transmission. Stop payments on official checks are not permitted. In the event that an official check is lost, stolen, or destroyed, please contact us for procedures to obtain reimbursement or to have the official check reissued. There may be a delay of up to 90 calendar days before the funds may be reimbursed or the check reissued. If you do not conduct a transaction on your account (I.e. a withdrawal, deposit, or transfer to or from your account, other than an automated transaction) for 365 consecutive days, we may classify it as an “inactive” account. We will notify you in writing at your last known address if your account is classified as “inactive.” We may charge a monthly inactive Account Fee as set forth in the Schedule of Fees & Charges until you initiate a transaction. Once you initiate a transaction, either in person or in writing, we will reactivate your account. We will not be responsible for any reasonable delay in reactivating your account. California’s Unclaimed Property Law requires us to report and deliver your funds to the appropriate state, if there has been no activity on your account for over three years. To avoid having your funds escheated to the State, you may: • make a deposit • make a withdrawal • correspond with us about your account in writing • respond as instructed to a notice of inactivity or dormancy We may charge a fee for mailing you a notice regarding your unclaimed property as set forth in our Schedule of Fees & Charges. To recover funds turned over to the state, you must file a claim with the state. Once funds are surrendered to the state, we no longer have any liability or responsibility with respect to the funds. You may only use funds in a Term Share Certificate account (except for IRA Certificates) as specific collateral for a Certificate-Secured loan. Certificate-Secured loans are not available on organizational or business accounts.

Returned Deposits. When an item you cash or deposit into Any credit to your account for checks deposited using the Service is provisional. If checks deposited through the Service are dishonored, rejected or otherwise returned to us unpaidunpaid by the drawee bank, we will debit the amount of the item from your accountor are rejected or returned by a clearing agent or collecting bank, debit any dividends that would have been earned and return the item to you. In the event a returned deposit causes your account balance to become negative, we may retain the item until the negative balance is resolved. We may choose, at our discretion, to redeposit the item. You may be assessed a returned deposit fee (please see our current Schedule of Fees & Charges) regardless of the action we take. We may refuse to accept facsimile signatures. You agree to assume full responsibility for any and all payments made by us in reliance upon a facsimile signature(s) resembling a signature that has been provided to us by you. You agree to indemnify and hold us harmless from any and all lossesreason, claims, damages, liability, costs, and expenses including, but not limited to, reasonable attorney fees arising directly or indirectly out issues relating to the quality of the misuse or image, you agree that an original check will not be returned to you, but that we may charge back the unlawful or unauthorized use amount of the facsimile signature(s) by original check and provide you with an image of the original check, a paper reproduction of the original check or a substitute check. With respect to any person. We are not required item that you transmit to act upon instructions received by facsimile transmission. Stop payments on official checks are not permitted. In us for remote deposit that we credit to your account, in the event that an official check such item is lostdishonored, stolen, or destroyed, please contact you authorize us for procedures to obtain reimbursement or to have debit the official check reissued. There may be a delay amount of up to 90 calendar days before the funds may be reimbursed or the check reissued. If you do not conduct a transaction on your account (I.e. a withdrawal, deposit, or transfer to or such item from your account, other than an automated transaction) for 365 consecutive days, we may classify it plus a returned check fee as an “inactive” accountstated in our Fee Schedule. We will notify you in writing at your last known address via email of transactions we are unable to process because of returned items. Should the email be returned as undeliverable, the Credit Union will have completed its obligation to alert you of a rejected item and is under no obligation to attempt any redelivery of the email. You will reimburse us for all loss, cost, damage or expense caused by or relating to the processing of the returned item. Without our approval, you shall not attempt to deposit or otherwise negotiate an original check if your account is classified as “inactive.” it has been charged back to you. We may charge a monthly inactive Account Fee debit any of your accounts to obtain payment for any item that has been rejected or returned, for any adjustment related to such item or for any warranty claim related to such item, whether or not the rejection, return, adjustment or warranty claim was made timely. Unless prohibited by law, you pledge and grant as set forth security for all obligations you may have now or in the Schedule future, except obligations secured by your principal residence, all shares and dividends and all deposits and interest, if any, in all accounts you have with us now and in the future. You agree we have the right to offset funds in any of Fees & Charges until your accounts against the obligation owed to us. Federal law gives us a lien on all shares and dividends and all deposits and interest, if any, in accounts you initiate a transactionhave with us now and in the future. Once Except as limited by federal or state law, the statutory lien gives us the right to apply the balance of all your accounts to any obligation on which you initiate a transaction, either are in person or default. After you are in writingdefault, we may exercise our statutory lien rights without further notice to you. Your pledge and our statutory lien rights will reactivate allow us to apply the funds in your accountaccount(s) to what you owe when you are in default, except as limited by federal or state law. We If we do not apply or offset the funds in your account(s) to satisfy your obligation, we may place an administrative freeze on your account(s) in order to protect our statutory lien rights and may apply or offset the funds in your account(s) to the amount you owe us at a later time. The statutory lien and your pledge do not apply to any Individual Retirement Account or any other account that would lose special tax treatment under federal or state law if given as security. By not enforcing our right to apply or offset funds in your account(s) to your obligations that are in default, we do not waive our right to enforce these rights at a later time. You will not be responsible for any deficiencies after all accounts have been exhausted. You agree to pay all the costs of collecting the amount you owe under this Agreement, including collection and court costs and reasonable delay in reactivating your accountattorney fees. California’s Unclaimed Property Law requires us to report You further acknowledge that you and deliver your funds not the Credit Union is responsible for the processing and handling of any original items which are imaged and deposited utilizing the Service; and you assume all liability to the appropriate state, if there has been no activity on your account drawer for over three years. To avoid having your funds escheated to any item imaged using the State, you may: • make a deposit • make a withdrawal • correspond with us about your account in writing • respond as instructed to a notice Service arising from the Credit Union’s printing of inactivity or dormancy We may charge a fee for mailing you a notice regarding your unclaimed property as set forth in our Schedule of Fees & Charges. To recover funds turned over to the state, you must file a claim with the state. Once funds are surrendered to the state, we no longer have any liability or responsibility with respect to the funds. You may only use funds in a Term Share Certificate account (except for IRA Certificates) as specific collateral for a Certificate-Secured loan. Certificate-Secured loans are not available on organizational or business accountssubstitute check from those images.

Returned Deposits. When an item you cash or deposit into your account is returned to us unpaid, we will debit the amount of the item from your account, debit any dividends that would have been earned and return the item to you. In the event a returned deposit causes your account balance to become negative, we may retain the item until the negative balance is resolved. We may choose, at our discretion, to redeposit the item. You may be assessed a returned deposit fee (please see our current Schedule of Fees & Charges) regardless of the action we take. We may refuse to accept facsimile signatures. You agree to assume full responsibility for any and all payments made by us in reliance upon a facsimile signature(s) resembling a signature that has been provided to us by you. You agree to indemnify and hold us harmless from any and all losses, claims, damages, liability, costs, and expenses including, but not limited to, reasonable attorney fees arising directly or indirectly out of the misuse or the unlawful or unauthorized use of the facsimile signature(s) by any person. We are not required to act upon instructions received by facsimile transmission. Stop payments on official checks are not permitted. In the event that an official check is lost, stolen, or destroyed, please contact us for procedures to obtain reimbursement or to have the official check reissued. There may be a delay of up to 90 calendar days before the funds may be reimbursed or the check reissued. If you do not conduct a transaction on your account (I.e. a withdrawal, deposit, or transfer to or from your account, other than an automated transaction) for 365 consecutive days, we may classify it as an “inactive” account. We will notify you in writing at your last known address if your account is classified as “inactive.” We may charge a monthly inactive Account Fee as set forth in the Schedule of Fees & Charges until you initiate a transaction. Once you initiate a transaction, either in person or in writing, we will reactivate your account. We will not be responsible for any reasonable delay in reactivating your account. California’s Unclaimed Property Law requires us to report and deliver your funds to the appropriate state, if there has been no activity on your account for over three years. To avoid having your funds escheated to the State, you may: • make a deposit • make a withdrawal • correspond with us about your account in writing • respond as instructed to a notice of inactivity or dormancy We may charge a fee for mailing you a notice regarding your unclaimed property as set forth in our Schedule of Fees & Charges. To recover funds turned over to the state, you must file a claim with the state. Once funds are surrendered to the state, we no longer have any liability or responsibility with respect to the funds. You may only use funds in a Term Share Certificate account (except for IRA Certificates) as specific collateral for a Certificate-Secured loan. Certificate-Secured loans are not available on organizational or business accounts.