Common use of Signature Debit Card Transactions Clause in Contracts

Signature Debit Card Transactions. These are transactions where I make a purchase with my debit card and I do not enter my PIN but I am instead asked to sign for the purchase. As described above, in these situations, the merchant may seek prior authorization for the transaction. When that happens, you generally place a temporary hold against the available funds in my account. I will refer to the section below entitled “Authorization Holds for Debit Card Transactions” for additional information regarding such holds. At some point after I sign for the transaction, it is processed by the merchant and submitted to you for payment. This can happen hours or sometimes days after I signed for it, depending on the merchant and its processing company. These payment requests are received in real time throughout the day and are posted to my account as they are received. The foregoing is a general description of how certain types of transactions are posted. These practices may change and you reserve the right to pay items in any order you choose as permitted by law. AUTHORIZATION HOLDS FOR DEBIT CARD TRANSACTIONS. When I use my debit card to pay for goods or services, the merchant may seek preauthorization from you for the transaction. When you preauthorize the transaction, you commit to make the requested funds available when the transaction finally posts and as such, you generally place a temporary hold against some or all of the funds in the account linked to my debit card, based on the amount of the preauthorization request from the merchant. You refer to this temporary hold as an “authorization hold,” and the amount of the authorization hold will be subtracted from my available balance as authorization requests are received by you throughout each day. Until the transaction finally settles or you otherwise remove the hold (for example, you may remove the hold because it exceeds the time permitted, as discussed below, or you determine that it is unlikely to be processed), the funds subject to the hold will not be available to me for other purposes. At some point after I sign for the transaction, it is processed by the merchant and submitted to you for payment. This can happen hours or sometimes days after I signed for it, depending on the merchant and its processing company. These payment requests are received in real time throughout the day and are posted to my account as they are received. The amount of an authorization hold may differ from the actual transaction amount because the actual transaction amount may not yet be known to the merchant when the authorization request is submitted. For example, this can happen in connection with transactions where my debit card is swiped before my actual transaction amount is known, such as at a restaurant or gas station (e.g., at a restaurant, I may choose to add a tip to the transaction amount). For these types of transactions, there may be no authorization hold, or the amount of the authorization hold may be different from the transaction amount. In some other cases, you may not receive an authorization request from the merchant, and there will be no authorization hold reflected in my available balance. You cannot control how much a merchant asks you to authorize, or when a merchant submits a transaction for payment. You are permitted to place an authorization hold on my account for up to three (3) business days (or for up to thirty (30) business days for certain types of debit card transactions) from the time of the authorization or until the transaction is paid from my account. However, if the transaction is not submitted for payment, you will release the authorization hold, which will increase my available balance until the transaction is submitted for payment by the merchant and finally posted to my account. If this happens, you must honor the prior authorization and will pay the transaction from my account. In certain instances, when the amount of the authorization hold is either more or less than the amount of the actual transaction, you may maintain the authorization hold even after the purchase amount is actually paid from my account. However, in these instances, you will not maintain an authorization hold for longer than three (3) business days (or for up thirty (30) business days for certain transactions).

Signature Debit Card Transactions. These are transactions where I you make a purchase with my your debit card card, and I you do not enter my PIN your PIN, but I am instead asked you use your debit card like a credit card through the VISA® network. And even though we call it a “signature” transaction, you do not have to actually sign for the purchaseit to be treated as a signature transaction. These transactions occur any time you use your debit card without entering your PIN. As described above, in these situations, the merchant may seek prior authorization for the transaction. When that happens, you we generally place a temporary hold against the your available funds balance in my your account. I will We refer to this temporary hold as an “authorization hold,” and the section below entitled “Authorization Holds for Debit Card Transactions” for additional information regarding such holdsamount of the authorization hold will be subtracted from your available balance. Authorizations are deducted from your available balance but do not affect your actual balance as they are received by us throughout each day. At some point after I sign for the transactionpoint, it your signature transaction is processed by the merchant and submitted to you us for paymentposting to your account. This can happen hours or sometimes days after I signed for ityou make the transaction, depending on the merchant and its processing company. These payment requests are received in real time throughout the day and are posted to my your account as they are received. The foregoing is a general description of how certain types of transactions are posted. These practices may change and you reserve Please note: the right to pay items in any order you choose as permitted by law. AUTHORIZATION HOLDS FOR DEBIT CARD TRANSACTIONS. When I use my debit card to pay for goods or services, the merchant may seek preauthorization from you for the transaction. When you preauthorize the transaction, you commit to make the requested funds available when the transaction finally posts and as such, you generally place a temporary hold against some or all of the funds in the account linked to my debit card, based on the amount of the preauthorization request from the merchant. You refer to this temporary hold as an “authorization hold,” and the amount of the authorization hold will be subtracted from my available balance as authorization requests are received by you throughout each day. Until the transaction finally settles or you otherwise remove the hold (for example, you may remove the hold because it exceeds the time permitted, as discussed below, or you determine that it is unlikely to be processed), the funds subject to the hold will not be available to me for other purposes. At some point after I sign for the transaction, it is processed by the merchant and submitted to you for payment. This can happen hours or sometimes days after I signed for it, depending on the merchant and its processing company. These payment requests are received in real time throughout the day and are posted to my account as they are received. The amount of an authorization hold may differ from the actual transaction amount payment because the actual final transaction amount may not yet be known to the merchant when the authorization request is submitted. For example, this can happen in connection with transactions where my debit if you use your card is swiped before my actual transaction amount is known, such as at a restaurant or gas station (e.g., at a restaurant, I may choose to add a tip to the transaction amount). For these types of transactions, there may hold will be no authorization hold, or placed in the amount of the authorization hold may be different from bill presented to you, but when the transaction amount. In some other cases, posts it will include any tip that you may not receive an authorization request from have added to the merchant, bill. This may also be the case where you swipe your debit card at gas stations and there will be no authorization hold reflected in my available balancehotels and other retail establishments. You We cannot control how much a merchant asks you us to authorize, or when a merchant submits a transaction for payment. You are permitted to place The fact that we put an authorization hold on my account for up your available balance does not mean the authorization is set aside and made available to three (3) business days (or for up pay the specific transaction authorized. The hold is simply a reduction in your available balance based on the fact that we have authorized a transaction and the credit union is therefore obligated to thirty (30) business days for pay it when presented. This is a general description of how certain types of transactions are posted. These practices may change, and we reserve the right to pay items in any order we choose as permitted by law. We may receive multiple deposit and withdrawal transactions on your account in many different forms throughout each business day. This means that you may be charged more than one $30 fee if we pay multiple transactions when your account is overdrawn. Checks, ACH items, and recurring debit card transactionstransactions are processed in the same manner. The best way to know how much money you have and avoid paying overdraft fees is to record and track all of your transactions closely. IF YOU DO NOT UNDERSTAND THIS AGREEMENT OR HAVE ANY QUESTIONS, PLEASE CONTACT US AT (000) from the time of the authorization or until the transaction is paid from my account. However000-0000, if the transaction is not submitted for paymentMONDAY THROUGH FRIDAY, you will release the authorization hold7 AM TO 6 PM AND SATURDAY, which will increase my available balance until the transaction is submitted for payment by the merchant and finally posted to my account. If this happens, you must honor the prior authorization and will pay the transaction from my account. In certain instances, when the amount of the authorization hold is either more or less than the amount of the actual transaction, you may maintain the authorization hold even after the purchase amount is actually paid from my account. However, in these instances, you will not maintain an authorization hold for longer than three (3) business days (or for up thirty (30) business days for certain transactions)8 AM TO 4 PM MOUNTAIN TIME.

Signature Debit Card Transactions. These are transactions where I you make a purchase with my your debit card and I you do not enter my your PIN but I am you are instead asked to sign for the purchase. As described above, in these situations, the merchant may seek prior authorization for the transaction. When that happens, you we generally place a temporary hold against reduce the available funds balance in my your account. I will We refer to this as an “authorization hold,” and the section below entitled “Authorization Holds for Debit Card Transactions” for additional information regarding such holdsamount of the authorization hold will be subtracted from your available balance. Authorizations are deducted from your available balance but not your actual balance as they are received by us throughout each day. At some point after I you sign for the transaction, it is processed by the merchant and submitted to you us for payment. This can happen hours or sometimes days after I you signed for it, depending on the merchant and its processing company. These payment requests are received in real time throughout the day and are posted to my your account as they are received. The foregoing is a general description of how certain types of transactions are posted. These practices may change and you reserve the right to pay items in any order you choose as permitted by law. AUTHORIZATION HOLDS FOR DEBIT CARD TRANSACTIONS. When I use my debit card to pay for goods or services, the merchant may seek preauthorization from you for the transaction. When you preauthorize the transaction, you commit to make the requested funds available when the transaction finally posts and as such, you generally place a temporary hold against some or all of the funds in the account linked to my debit card, based on the amount of the preauthorization request from the merchant. You refer to this temporary hold as an “authorization hold,” and the amount of the authorization hold will be subtracted from my available balance as authorization requests are received by you throughout each day. Until the transaction finally settles or you otherwise remove the hold (for example, you may remove the hold because it exceeds the time permitted, as discussed below, or you determine that it is unlikely to be processed), the funds subject to the hold will not be available to me for other purposes. At some point after I sign for the transaction, it is processed by the merchant and submitted to you for payment. This can happen hours or sometimes days after I signed for it, depending on the merchant and its processing company. These payment requests are received in real time throughout the day and are posted to my account as they are received. Please note: The amount of an authorization hold may differ from the actual transaction amount payment because the actual final transaction amount may not yet be known to the merchant when the authorization request is submitted. For example, this can happen in connection with transactions where my debit if you use your card is swiped before my actual transaction amount is known, such as at a restaurant or gas station (e.g., at a restaurant, I may choose to add a tip to the transaction amount). For these types of transactions, there may hold will be no authorization hold, or placed in the amount of the authorization hold may be different from bill presented to you, but when the transaction amount. In some other cases, posts it will include any tip that you may not receive an authorization request from have added to the merchant, bill. This may also be the case where you swipe your debit card at gas stations and there will be no authorization hold reflected in my available balancehotels and other retail establishments. You We cannot control how much a merchant asks you us to authorize, or when a merchant submits a transaction for payment. You are permitted Order of Payments. We generally post items in the order received. Checks, drafts, transactions, and other items may not be processed in the order that you make them or in the order that we receive them. We may, at our discretion, pay a check, draft, or item, and execute other transactions on your account in any order we choose. The order in which we process checks, drafts, or items, and execute other transactions on your account may affect the total amount of overdraft fees that may be charged to place an authorization hold on my account for up to three (3) business days (your account. Please contact us if you have questions about how we pay checks or for up to thirty (30) business days for drafts and process transfers and withdrawals. This is a general description of how certain types of debit card transactionstransactions are posted. These practices may change and we reserve the right to pay items in any order we choose as permitted by law. We may receive multiple deposit and withdrawal transactions on your account in many different forms throughout each business day. This means that you may be charged more than one fee if we pay multiple transactions when your account is overdrawn. The best way to know how much money you have and avoid paying overdraft fees is to record and track all of your transactions closely. IF YOU DO NOT UNDERSTAND THIS AGREEMENT OR HAVE ANY QUESTIONS, PLEASE CONTACT US AT (000) 000-0000. STOP PAYMENTS If a Stop Payment Order expires and the item is subsequently presented, the Credit Union has no liability for claims and damages resulting from the Credit Union honoring or paying the item. We do not have to notify you when a stop payment order expires. Stop Payment Order Request. You may request a stop payment order on any item drawn on your account. To be binding, an order must be dated, signed, and describe the account and draft number and the exact amount. The stop payment will be effective if the Credit Union receives the order in time for the Credit Union to act upon the order and you state the number of the authorization account, number of the draft, and its exact amount. You understand that the exact information is necessary for the Credit Union's computer to identify the item. If you give us incorrect or until incomplete information, we will not be responsible for failing to stop payment on the transaction is paid from my accountitem. However, if If the transaction stop payment order is not submitted received in time for paymentus to act upon the order, we will not be liable to you or to any other party for payment of the draft. If we re-credit your account after paying a draft over a valid and timely stop payment order, you agree to sign a statement describing the dispute with the payee, to transfer to us all of your rights against the payee or other holders of the draft, and to assist us in any legal action. Automated Clearing House (ACH) Stop Payments. The credit union will release not be responsible for stopping payment unless a request is received within a reasonable time for the authorization holdcredit union to act prior to final payment or other action or at least 3 business days before the schedule date of a preauthorized EFT. Credit Union’s liability shall not, which will increase my available balance until the transaction is submitted for payment by the merchant and finally posted to my account. If this happens, you must honor the prior authorization and will pay the transaction from my account. In certain instances, when in any event exceed the amount of the authorization hold Item described above. This Stop Payment Request is either more subject to the ACH rules. The Credit Union Member will reimburse the Credit Union for any loss it sustains in honoring this request. You agree to notify the Credit Union promptly upon issuance of any duplicate item, which replaces the item subject to this Stop Payment Request, or less than the amount upon return of the actual transactionoriginal item. ACH Stop payment orders include transfers for Electronic Check Conversion, Post-Dated Items, Recurring Preauthorized EFT & Single Preauthorized EFT transfers. If an ACH Stop payment order is for recurring EFTs (all future EFTs), you may maintain understand that you must obtain written confirmation of the authorization hold even after revocation from the purchase amount is actually paid from my accountOriginating Company listed above within 14 days. However, in these instancesIf you do not provide this written confirmation to the Credit Union, you understand the Credit Union will not maintain an authorization hold honor subsequent debits. Preauthorized EFTs will never expire, unless you request a withdrawal of the request. If this stop payment order is for longer than three (3) business a Non- Clearing House check/draft, it will expire after 6 months unless renewed in writing. If a verbal stop-payment order is accepted at the Credit Union and you fail to complete and submit this written request for the stop payment order within 14 days, the credit union’s block on the payment shall be lifted and the credit union will issue payment to any payee(s). An oral stop payment order ceases to be binding after 14 days (or for up thirty (30) business days for certain transactions)if you fail to provide this written confirmation of the stop payment order.

Signature Debit Card Transactions. These are transactions where I you make a purchase with my your debit card and I you do not enter my your PIN but I am you are instead asked to sign for the purchase. As described above, in these situations, the merchant may seek prior authorization for the transaction. When that happens, you we generally place a temporary hold against the available funds in my your account. I will We refer to this temporary hold as an “authorization hold,” and the section below entitled “Authorization Holds for Debit Card Transactions” for additional information regarding such holdsamount of the authorization hold will be subtracted from your available balance. Authorizations are deducted from your available balance but not your actual balance as they are received by us throughout each day. At some point after I you sign for the transaction, it is processed by the merchant and submitted to you us for payment. This can happen hours or sometimes days after I you signed for it, depending on the merchant and its processing company. These payment requests are received in real time throughout the day and are posted to my your account as they are received. The foregoing This is a general description of how certain types of transactions are posted. These practices may change and you For example, in connection with our item posting process, we reserve the right to: (i) establish different categories of items, (ii) establish a posting order for each category of item(s), (iii) establish different posting orders for items within each category, and (iv) change the timing of when items are posted during the day and whether they are posted individually or in batches. Except to the extent limited by applicable law, we have the right to change any of the factors described in (i), (ii), (iii) and (iv) listed above at any time without notice to you. On any given business day, if we receive more than one item for payment and if we determine there are sufficient funds to pay one or more but not all of the items, then the number of items paid and the overdraft and returned item fees assessed could be affected by the order that we choose to post those items. We may choose our processing and posting orders regardless of whether additional fees may result. You can avoid overdraft fees by making sure that your account always has sufficient available funds to cover all of your withdrawals and debits. You should also consider enrolling in any order you choose one of our optional overdraft protection plans, described in detail below, as permitted by lawa possible way to avoid certain overdraft fees. AUTHORIZATION HOLDS FOR DEBIT CARD TRANSACTIONS. When I you use my your debit card to pay for goods or services, the merchant may seek preauthorization from you us for the transaction. When you preauthorize we pre-authorize the transaction, you we commit to make the requested funds available when the transaction finally posts and as such, you we generally place a temporary hold against some or all of the funds in the account linked to my your debit card, based on the amount of the preauthorization request from the merchant. You Until the transaction finally settles or we otherwise remove the hold (for example, we may remove the hold because it exceeds the time permitted, as discussed below, or we determine that it is unlikely to be processed), the funds subject to the hold will not be available to you for other purposes. We refer to this temporary hold as an “authorization hold,” and the amount of the authorization hold will be subtracted from my your available balance as authorization requests they are received by you us throughout each day. Until the transaction finally settles or you otherwise remove the hold (for example, you may remove the hold because it exceeds the time permitted, as discussed below, or you determine that it is unlikely to be processed), the funds subject to the hold will not be available to me for other purposes. At some point after I you sign for the transaction, it is processed by the merchant and submitted to you us for payment. This can happen hours or sometimes days after I you signed for it, depending on the merchant and its processing company. These payment requests are received in real time throughout the day and are posted to my your account as they are received. The amount of an authorization hold may differ from the actual transaction amount because the actual transaction amount may not yet be known to the merchant when the authorization request is submitted. For example, this can happen in connection with transactions at a restaurant or a gas station, where my your debit card is swiped before my your actual transaction amount is known, such as at a restaurant or gas station (e.g., at a restaurant, I because you may choose to add a tip to a restaurant transaction or because the transaction amount)amount of gas you pump is unknown when your card is swiped. For these types of transactions, there may be no authorization hold, or the amount of the authorization hold may be different from the transaction amount. In some other cases, you cases we may not receive an authorization request from the merchant, and there will be no authorization hold reflected in my your available balance. You We cannot control how much a merchant asks you us to authorize, or when a merchant submits a transaction for payment. You We are permitted to place an authorization hold on my your account for up to three (3) business days (or for up to thirty (30) business days for certain types of debit card transactions, including but not limited to, car rental transactions, cash transactions and international transactions) from the time of the authorization or until the transaction is paid from my your account. However, if the transaction is not submitted for payment, you we will release the authorization hold, which will increase my your available balance until the transaction is submitted for payment by the merchant and finally posted to my your account. If this happens, you we must honor the prior authorization and will pay the transaction from my your account. In certain instances, when the amount of the authorization hold is either more or less than the amount of the actual transaction, you we may maintain the authorization hold even after the purchase amount is actually paid from my your account. However, in these instances, you we will not maintain an authorization hold for longer than three (3) business days (or for up to thirty (30) business days for certain transactions). NSF TRANSACTIONS. We are not obligated to pay any item presented for payment if your account does not contain sufficient available funds. If we do not authorize and pay an overdraft, then we decline or return the transaction or item unpaid and charge a related NSF Fee as stated in our Schedule of Fees and Charges. You are responsible for ensuring that your account includes sufficient available funds to pay the transactions you initiate or authorize when they are processed for payment from your account, and you also acknowledge that the timing of when merchants or payees submit transactions to us for payment may vary. If your account does not have sufficient available funds when a transaction or item is presented to us for payment and, as a result, returned unpaid, the merchant or payee of your transaction or item may choose to resubmit the same transaction, and may do so multiple times. In the event a transaction or item is resubmitted for payment at a time when your account lacks sufficient available funds to pay it and we decline it; we will charge a related NSF Fee for each such resubmitted item each time that same transaction is returned unpaid.

Signature Debit Card Transactions. These are transactions where I you make a purchase with my your debit card and I you do not enter my your PIN but I am you are instead asked to sign for the purchase. As described above, in these situations, the merchant may seek prior authorization for the transaction. When that happens, you we generally place a temporary hold against the available funds in my your account. I will We refer to this temporary hold as an “authorization hold,” and the section below entitled “Authorization Holds for Debit Card Transactions” for additional information regarding such holdsamount of the authorization hold will be subtracted from your available balance. Authorizations are deducted from your available balance but not your actual balance as they are received by us throughout each day. At some point after I you sign for the transaction, it is processed by the merchant and submitted to you us for payment. This can happen hours or sometimes days after I you signed for it, depending on the merchant and its processing company. These payment requests are received in real time throughout the day and are posted to my your account as they are received. The foregoing This is a general description of how certain types of transactions are posted. These practices may change and you For example, in connection with our item posting process, we reserve the right to: (i) establish different categories of items, (ii) establish a posting order for each category of item(s), (iii) establish different posting orders for items within each category, and (iv) change the timing of when items are posted during the day and whether they are posted individually or in batches. Except to the extent limited by applicable law, we have the right to change any of the factors described in (i), (ii), (iii) and (iv) listed above at any time without notice to you. On any given business day, if we receive more than one item for payment and if we determine there are sufficient funds to pay one or more but not all of the items, then the number of items paid and the overdraft and returned item fees assessed could be affected by the order that we choose to post those items. We may choose our processing and posting orders regardless of whether additional fees may result. You can avoid overdraft fees by making sure that your account always has sufficient available funds to cover all of your withdrawals and debits. You should also consider enrolling in any order you choose one of our optional overdraft protection plans, described in detail below, as permitted by lawa possible way to avoid certain overdraft fees. AUTHORIZATION HOLDS FOR DEBIT CARD TRANSACTIONS. When I you use my your debit card to pay for goods or services, the merchant may seek preauthorization from you us for the transaction. When you preauthorize we pre-authorize the transaction, you we commit to make the requested funds available when the transaction finally posts and as such, you we generally place a temporary hold against some or all of the funds in the account linked to my your debit card, based on the amount of the preauthorization request from the merchant. You Until the transaction finally settles or we otherwise remove the hold (for example, we may remove the hold because it exceeds the time permitted, as discussed below, or we determine that it is unlikely to be processed), the funds subject to the hold will not be available to you for other purposes. We refer to this temporary hold as an “authorization hold,” and the amount of the authorization hold will be subtracted from my your available balance as authorization requests they are received by you us throughout each day. Until the transaction finally settles or you otherwise remove the hold (for example, you may remove the hold because it exceeds the time permitted, as discussed below, or you determine that it is unlikely to be processed), the funds subject to the hold will not be available to me for other purposes. At some point after I you sign for the transaction, it is processed by the merchant and submitted to you us for payment. This can happen hours or sometimes days after I you signed for it, depending on the merchant and its processing company. These payment requests are received in real time throughout the day and are posted to my your account as they are received. The amount of an authorization hold may differ from the actual transaction amount because the actual transaction amount may not yet be known to the merchant when the authorization request is submitted. For example, this can happen in connection with transactions at a restaurant or a gas station, where my your debit card is swiped before my your actual transaction amount is known, such as at a restaurant or gas station (e.g., at a restaurant, I because you may choose to add a tip to a restaurant transaction or because the transaction amount)amount of gas you pump is unknown when your card is swiped. For these types of transactions, there may be no authorization hold, or the amount of the authorization hold may be different from the transaction amount. In some other cases, you cases we may not receive an authorization request from the merchant, and there will be no authorization hold reflected in my your available balance. You We cannot control how much a merchant asks you us to authorize, or when a merchant submits a transaction for payment. You We are permitted to place an authorization hold on my your account for up to three (3) business days (or for up to thirty (30) business days for certain types of debit card transactions, including but not limited to, car rental transactions, cash transactions and international transactions) from the time of the authorization or until the transaction is paid from my your account. However, if the transaction is not submitted for payment, you we will release the authorization hold, which will increase my your available balance until the transaction is submitted for payment by the merchant and finally posted to my your account. If this happens, you we must honor the prior authorization and will pay the transaction from my your account. In certain instances, when the amount of the authorization hold is either more or less than the amount of the actual transaction, you we may maintain the authorization hold even after the purchase amount is actually paid from my your account. However, in these instances, you we will not maintain an authorization hold for longer than three (3) business days (or for up thirty (30) business days for certain transactions).

Signature Debit Card Transactions. These are transactions where I you make a purchase with my your debit card and I you do not enter my your PIN but I am you are instead asked to sign for the purchasepurchase . As described above, in In these situations, the merchant may seek prior authorization for the transactiontransaction . When that happens, you we generally place a temporary hold against the available funds in my accountyour account . I will refer to the section below entitled “Authorization Holds for Debit Card Transactions” for additional information regarding such holds. At some point after I sign for the transaction, it is processed by the merchant and submitted to you for payment. This can happen hours or sometimes days after I signed for it, depending on the merchant and its processing company. These payment requests are received in real time throughout the day and are posted to my account as they are received. The foregoing is a general description of how certain types of transactions are posted. These practices may change and you reserve the right to pay items in any order you choose as permitted by law. AUTHORIZATION HOLDS FOR DEBIT CARD TRANSACTIONS. When I use my debit card to pay for goods or services, the merchant may seek preauthorization from you for the transaction. When you preauthorize the transaction, you commit to make the requested funds available when the transaction finally posts and as such, you generally place a temporary hold against some or all of the funds in the account linked to my debit card, based on the amount of the preauthorization request from the merchant. You We refer to this temporary hold as an “authorization hold,” and the amount of the authorization hold will be subtracted from my the funds available for you to use or your “available balance”, which is described in the next paragraph . Authorizations are deducted from your available balance but not your current balance (which is also described in the next paragraph) as authorization requests they are received by you us throughout each day. Until the transaction finally settles or you otherwise remove the hold (for example, you may remove the hold because it exceeds the time permitted, as discussed below, or you determine that it is unlikely to be processed), the funds subject to the hold will not be available to me for other purposesday . At some point after I you sign for the transaction, it is processed by the merchant and submitted to you us for paymentpayment . This can happen hours or sometimes days after I you signed for it, depending on the merchant and its processing companycompany . These payment requests are received in real time throughout the day and are posted to my your account as they are receivedreceived . The Please note: the amount of an authorization hold may differ from the actual transaction amount payment because the actual final transaction amount may not yet be known to the merchant when the authorization request is submittedsubmitted . For example, this can happen in connection with transactions where my debit if you use your card is swiped before my actual transaction amount is known, such as at a restaurant or gas station (e.g., at a restaurant, I may choose to add a tip to the transaction amount). For these types of transactions, there may hold will be no authorization hold, or placed in the amount of the authorization hold may be different from bill presented to you, but when the transaction amount. In some other cases, posts it will include any tip that you may not receive an authorization request from have added to the merchant, bill . This may also be the case where you swipe your debit card at gas stations and there will be no authorization hold reflected in my available balancehotels and other retail establishments . You We cannot control how much a merchant asks you us to authorize, or when a merchant submits a transaction for paymentpayment . You are permitted to place an authorization hold on my account for up to three (3) business days (or for up to thirty (30) business days for This is a general description of how certain types of transactions are processed . You authorize us to, and we may, process checks or other payments against your account in any order we may choose, and we may change this order from time to time . For example, we may charge your checks or other payments or charges beginning with the smallest dollar transactions first . We may process certain types of transactions before other types (for example, we may deduct Bank fees and charges, followed by ATM and POS transactions, followed by other charges and/or other checks) . Processing includes placing a hold on your account, paying checks or other payments (and decisions regarding payment or return) and other aspects of our processing your checks or other charges (such as assessment of fees and charges for overdraft fees or charges for returning check or other charges) . Our order of processing your transactions may not be the order in which they occur, and the order in which transactions are processed and cleared can affect the total amount of fees (including overdraft fees) you incur . We may receive multiple deposit and withdrawal transactions on your account in many different forms throughout each business day . This means that you may be charged more than one overdraft fee if we pay multiple transactions when your account is overdrawn . The best way to know how much money you have and avoid paying overdraft fees is to record and track all of your transactions closely . IF YOU DO NOT UNDERSTAND THIS AGREEMENT OR HAVE ANY QUESTIONS, PLEASE CONTACT US AT 000-000-0000 DURING BUSINESS HOURS, MONDAY THROUGH FRIDAY, 8 AM TO 5 PM, EXCLUDING HOLIDAYS . Overdraft Practices DO NOT OVERDRAW YOUR ACCOUNT . If you overdraw your account, our fees and charges can be expensive; therefore, you should make sure not to overdraw your account . This Section helps explain overdrafts and how they affect you, but an important thing for you to understand is that overdrafts are expensive, can cost you a lot of money and are not something we promise to pay or honor . There are ways to avoid overdrafts, including avoiding poor account management . If you would like more information on preventing and managing overdraft fees, visit the FDIC website at xxxx://xxx .fdic .gov/consumers/overdraft/ . We offer overdraft protection plans through a linked sweep account or through a line of credit . Please refer to the “Sweep Accounts and Overdraft Protection Plans” Section of this Agreement for details on these overdraft protection plans . Additional terms and conditions for a line of credit overdraft protection plan may be provided to you separately . There are fees and charges if your transaction is covered using one of these overdraft protection plans, but they are normally less expensive and are a promise by us to honor (up to the available funds or credit limit) . Using one of these overdraft protection plans is normally a better way to manage your account than overdrawing your account . If you are interested, call us at 0-000-000-0000 during normal business hours to speak with a Bank representative about linking another account to avoid overdrafts or establishing a line of credit to cover overdrafts . An overdraft occurs when you do not have enough available funds on deposit in your account to pay checks and other payments that are being charged to your account . An overdraft is the negative balance that results . It can occur due to an ATM withdrawal, a debit card transactionstransaction, a preauthorized automatic debit, a telephone- or web-initiated transfer, a check, or paper or electronic transfers or withdrawal . When you conduct a transaction, make sure that you have enough available funds on deposit in your account (or under an overdraft plan) from the time of the authorization or until to cover the transaction is paid from my accountand avoid the overdraft . HoweverOur standard overdraft practice comes with your account . On the one side are checks (and other transactions made using your checking account number), along with automatic bill payments such as automated clearing house (ACH) or recurring debit card transactions . On the other side are ATM transactions and everyday (that is, non-recurring) debit card transactions . In contrast to our overdraft protection plans, where we promise to cover an overdraft if there are available funds in your sweep account or available credit in a line of credit, under our standard overdraft practices we may at our discretion cover an overdraft but do not promise to do so . On the transaction is not submitted for paymentother hand, you will release the authorization holdsee that we do not authorize and pay ATM and everyday debit card transactions presented for payment against insufficient available funds . Infrequently, exceptions to this may arise (and your ATM or debit card transaction might wind up approved or paid into overdraft) due to systems limitations, but you will not be charged an overdraft fee . Note again that we do not promise to pay overdrafts under our standard overdraft practices . This includes overdrafts due to checks or automatic bill payments . Ask us to learn about our overdraft protection plans, which can be less expensive and may be more effective to cover transactions that might otherwise cause an overdraft . Overdraft fees and charges for checks (and other transactions made using your checking account number) and automatic bill payments are in our “Fee Schedules” under the heading “NSF Charges .” You will increase my available see that there is a limit on the overdraft fees and charges . You will also see that we may impose fees that are based on individual transactions that overdraw your account as well as based on negative balance until at end of day or over time . There are also charges for returning checks, ACH and recurring debit card transactions unpaid . These fees and charges can quickly add up and quickly become significant . Overdrafts are not “free .” A small transaction can become quite expensive if overdrafts occur due to the transaction . You need to avoid overdrafts and, if they occur, pay them off quickly . Processing your checks, other deposits and other payments is submitted a dynamic environment that is complex and may change due to technological innovation, changes in payment systems or changes in our policies and practices, including our order of processing . Overdrafts can arise due to a number of factors, so bear in mind that: • You should not assume or expect that you will be able to avoid an overdraft by making a covering deposit before your transaction settles with us . Your checks, for payment by example, can clear very quickly – sometimes even on the same day as you deliver the check to a merchant or other payee . • Transactions may not be processed in the order in which they occur and finally posted to my account. If this happens, you must honor the prior authorization order in which transactions are processed and will pay cleared can affect the transaction from my account. In certain instances, when the total amount of the authorization overdraft fees incurred by you . • If you use an ATM or debit card, sometimes a hold is either placed on your account . The hold amount may be more or less than the amount of the actual transaction, based on system processing methods and the type of transaction and the merchant involved . A hold can result in an overdraft, since “held” funds are not available . You should therefore check to be sure your funds are not being “held” if you are concerned that another transaction might cause an overdraft . • You can see an account balance online, via an ATM or by calling us . This account balance typically will not disclose the predetermined amount under the standard overdraft services, such as preauthorized overdraft transfers from a savings account, money market account, or line of credit . • You may maintain not be able to tell if a particular transaction will or may cause an overdraft . For example, a merchant point-of-sale terminal may not provide account balances, or a balance at an ATM may reflect yesterday’s balance information . Your bank account balance is continually changing, so any balances you see may not reflect current transactions or may otherwise be out of date . You can call us at 0-000-000-0000 during normal business hours if you want clearer information about your balances, to help avoid overdrafts . • You should not expect us to monitor or track your overdraft usage and to warn you or caution you if the authorization hold even after usage pattern becomes excessive or high . On the purchase other hand, we may contact you if this is the case, possibly to suggest an alternative arrangement such as one of our overdraft protection plans . • The predetermined amount under the standard overdraft services may change at any time, increasing or decreasing . This is actually paid from my accountalso true of our order of payment and processing . However, we do not manipulate these on a daily, or on a customer-by-customer basis, in these instancesorder to maximize customer fees . • Our standard overdraft practices are NOT designed to help avoid your future financial challenges and should not be used by you that way . Extensive use of overdrafts is an indicator of poor account management and can result in significant expenses for you . For some of our customers and their accounts, we may allow overdrafts and not impose a fee or charge as an accommodation to the customer relationship . If you will not maintain an authorization hold for longer than three (3) are interested in our overdraft practices as they apply to your business days (accounts or for up thirty (30) relationship accounts, please contact your relationship manager or local Bank branch during normal business days for certain transactions)hours .