Common use of Your Available Balance Clause in Contracts

Your Available Balance. Your available balance does not reflect any checks, ACHs, automatic bill payments or other items that you have issued, initiated, or authorized until they are presented to us for payment from your account. Debit card transactions, UMB online bill payments and other pending transactions will reduce your available balance during the day. UMB online bill payments may reduce your available balance up to five (5) calendar days before the due date you select when you set up those payments. It is possible for you to overdraw your account even though your available balance shows that there are sufficient funds in your account to cover an item you want to issue, initiate, or authorize. For example, when you write a check, the payee may not present the check to us for payment on that same day. That outstanding check will not be reflected in your available balance until the payee presents that check to us for payment. Your available balance also may not reflect recent deposits to your account. For details concerning availability of your deposits for withdrawal, see Our Funds Availability Policy. A debit card transaction occurs in two parts. First, a merchant sends an authorization request and, second, usually a few days later, the merchant presents the item for payment and we post the item. We have the right to place a temporary hold—known as an “authorization hold”—against some or all of the funds in your account when we receive an authorization request from a merchant or other party from which a purchase is being made with your debit card. If we place an authorization hold against your account, the amount of such authorization hold will decrease your available balance. If we receive an authorization request from a gas station, restaurant, hotel, car rental agency, or other merchant, the amount of the authorization hold may differ from the final amount of your purchase from that merchant because the purchase amount may not be known at the time the merchant makes its request for authorization. In those circumstances, we may either not place an authorization hold against your account or the amount of the authorization hold that we place against your account may be different from the final amount of your purchase. We have the right to maintain an authorization hold against your account until we receive the purchase transaction that matches the authorization hold. However, if we do not receive the matching purchase transaction within three (3) business days (or such other period of time as permitted by the rules of the payment network governing your debit card), then we will release our authorization hold against your account. If we have not received the matching purchase transaction, the amount of the released authorization hold will increase your available balance. If the merchant later presents the debit card purchase transaction to us for payment, we will post that transaction to your account and that transaction then will decrease your available balance accordingly. It is possible that your available balance may be positive at the time you initiate or authorize an item, but negative at the time the item ultimately settles or posts. For an item that was subject to an authorization hold, we may assess and debit an overdraft charge against your account if your available balance is not sufficient at the time the item posts even if your available balance was sufficient at the time we received the authorization request or any time during the authorization hold. We offer a variety of services to assist you in monitoring your available balance, such as Online Banking (including account alerts – see the section on Account Alerts below), Automated Telephone Banking, and at an ATM. You should always adjust your available balance provided by any of those services to reflect all outstanding items, including any checks, ACH automatic bill payments, or other items that you have issued, initiated or authorized, but have not yet been presented for payment. If funds from a deposit become available for withdrawal, that does not mean the check or other item you’ve deposited is authorized, has “cleared,” or has been paid by the paying bank. It is possible that the check will be returned days or even months after we have made the funds available to you and you have withdrawn them. If a check is returned, we have the right to charge the check back to your account regardless of how long it has been since you deposited the check. No one, including UMB employees, can guarantee to you that a check will not be returned.

Your Available Balance. Your available balance does not reflect any checks, ACHs, ACH automatic bill payments or other items that you have issued, initiated, initiated or authorized until they are presented to us for payment from your account. Debit card transactions, UMB online Online bill payments and other pending transactions will reduce your available balance during the day. UMB online Online bill payments may reduce your available balance process up to five (5) calendar days before the due date you select when you set up those payments. It is possible for you to overdraw your account even though your available balance shows that there are sufficient funds in your account to cover an item you want to issue, initiate, initiate or authorize. For example, when you write a check, the payee may not present the check to us for payment on that same day. That outstanding check will not be reflected in your available balance until the payee presents that check to us for payment. Your available balance also may not reflect recent deposits to your account. For details concerning availability of your deposits for withdrawal, see Our Funds Availability PolicyPart V, “Regulatory Disclosures”, section A, “Your Ability to Withdraw Funds” below. A debit card transaction occurs in two parts. First, a merchant sends an authorization request and, second, usually a few days later, the merchant presents the item for payment and we post the item. We have the right to place a temporary hold—known as an “authorization hold”—against some or all of the funds in your account when When we receive an authorization request from a merchant or other party from which a purchase is being made with your debit card, we have the right to place a temporary hold - known as an “authorization hold” - against some or all of the funds in your account. If we place an authorization hold against your account, the amount of such authorization hold will decrease your available balance. If we receive an authorization request from a gas station, restaurant, hotel, car rental agency, or other merchant, the amount of the authorization hold may differ from the final amount of your purchase from that merchant because the purchase amount may not be known at the time the merchant makes its request for authorization. In those circumstances, we may either not place an authorization hold against your account or the amount of the authorization hold that we place against your account may be different from the final amount of your purchase. We have the right to maintain an authorization hold against your account until we receive the purchase transaction that matches the authorization hold. However, if we do not receive the matching purchase transaction within three (3) business days (or such other period of time as permitted by the rules of the payment network governing your debit card), then we will release our authorization hold against your account. If we have not received the matching purchase transaction, the amount of the released authorization hold will increase your available balance. If the merchant later presents submits the debit card purchase transaction to us for payment, we will post that transaction to your account and that transaction then will decrease your available balance accordingly. It is possible that your available balance may be positive at the time you initiate or authorize an item, but negative at the time the item ultimately settles or posts. For an item that was subject to an authorization hold, we may assess and debit an overdraft charge against your account if your available balance is not sufficient at the time the item posts even if your available balance was sufficient at the time we received the authorization request or any time during the authorization hold. We offer a variety of services to assist you in monitoring your available balance, such as UMB Online Banking, UMB Direct Banking by phone, an ATM, or our UMB Mobile Banking balance or withdrawal alerts (including account alerts – see the section on Account Alerts below). However, Automated Telephone Bankingyour available balance will not include any outstanding checks, and at an ATMACH automatic bill payments or other items that you have issued, initiated or authorized until those items have been presented to us for payment. You Accordingly, you should always adjust your available balance provided by any of those services to reflect all such outstanding items, including any checks, ACH automatic bill payments, or other items that you have issued, initiated or authorized, but have not yet been presented for payment. If funds from a deposit become available for withdrawal, that does not mean the check or other item you’ve deposited is authorized, has “cleared,” or has been paid by the paying bank. It is possible that the check will be returned days or even months after we have made the funds available to you and you have withdrawn them. If a check is returned, we have the right to charge the check back to your account regardless of how long it has been since you deposited the check. No one, including UMB employees, can guarantee to you that a check will not be returned.

Your Available Balance. Your available balance does not reflect any checks, ACHs, ACH automatic bill payments or other items that you have issued, initiated, initiated or authorized until they are presented to us for payment from your account. Debit card transactions, UMB online Online bill payments and other pending transactions will reduce your available balance during the day. UMB online Online bill payments may reduce your available balance process up to five (5) calendar days before the due date you select when you set up those payments. It is possible for you to overdraw your account even though your available balance shows that there are sufficient funds in your account to cover an item you want to issue, initiate, initiate or authorize. For example, when you write a check, the payee may not present the check to us for payment on that same day. That outstanding check will not be reflected in your available balance until the payee presents that check to us for payment. Your available balance also may not reflect recent deposits to your account. For details concerning availability of your deposits for withdrawal, see Our Funds Availability PolicyPart V, “Regulatory DIsclosures”, section A, “Your Ability to Withdraw Funds” below. A debit card transaction occurs in two parts. First, a merchant sends an authorization request and, second, usually a few days later, the merchant presents the item for payment and we post the item. We have the right to place a temporary hold—known as an “authorization hold”—against some or all of the funds in your account when When we receive an authorization request from a merchant or other party from which a purchase is being made with your debit card, we have the right to place a temporary hold - known as an “authorization hold” - against some or all of the funds in your account. If we place an authorization hold against your account, the amount of such authorization hold will decrease your available balance. If we receive an authorization request from a gas station, restaurant, hotel, car rental agency, or other merchant, the amount of the authorization hold may differ from the final amount of your purchase from that merchant because the purchase amount may not be known at the time the merchant makes its request for authorization. In those circumstances, we may either not place an authorization hold against your account or the amount of the authorization hold that we place against your account may be different from the final amount of your purchase. We have the right to maintain an authorization hold against your account until we receive the purchase transaction that matches the authorization hold. However, if we do not receive the matching purchase transaction within three (3) business days (or such other period of time as permitted by the rules of the payment network governing your debit card), then we will release our authorization hold against your account. If we have not received the matching purchase transaction, the amount of the released authorization hold will increase your available balance. If the merchant later presents submits the debit card purchase transaction to us for payment, we will post that transaction to your account and that transaction then will decrease your available balance accordingly. It is possible that your available balance may be positive at the time you initiate or authorize an item, but negative at the time the item ultimately settles or posts. For an item that was subject to an authorization hold, we may assess and debit an overdraft charge against your account if your available balance is not sufficient at the time the item posts even if your available balance was sufficient at the time we received the authorization request or any time during the authorization hold. We offer a variety of services to assist you in monitoring your available balance, such as UMB Online Banking, UMB Direct Banking by phone, an ATM, or our UMB Mobile Banking balance or withdrawal alerts (including account alerts – see the section on Account Alerts below). However, Automated Telephone Bankingyour available balance will not include any outstanding checks, and at an ATMACH automatic bill payments or other items that you have issued, initiated or authorized until those items have been presented to us for payment. You Accordingly, you should always adjust your available balance provided by any of those services to reflect all such outstanding items, including any checks, ACH automatic bill payments, or other items that you have issued, initiated or authorized, but have not yet been presented for payment. If funds from a deposit become available for withdrawal, that does not mean the check or other item you’ve deposited is authorized, has “cleared,” or has been paid by the paying bank. It is possible that the check will be returned days or even months after we have made the funds available to you and you have withdrawn them. If a check is returned, we have the right to charge the check back to your account regardless of how long it has been since you deposited the check. No one, including UMB employees, can guarantee to you that a check will not be returned.

Your Available Balance. Your available balance does not reflect reflect any checks, ACHs, ACH automatic bill payments or other items that you have issued, initiated, initiated or authorized until they are presented to us for payment from your account. Debit card transactions, UMB online Online bill payments and other pending transactions will reduce your available balance during the day. UMB online Online bill payments may reduce your available balance process up to five five (5) calendar days before the due date you select when you set up those payments. It is possible for you to overdraw your account even though your available balance shows that there are sufficient funds in your account to cover an item you want to issue, initiate, initiate or authorize. For example, when you write a check, the payee may not present the check to us for payment on that same day. That outstanding check will not be reflected reflected in your available balance until the payee presents that check to us for payment. Your available balance also may not reflect reflect recent deposits to your account. For details concerning availability of your deposits for withdrawal, see Our Funds Availability PolicyPart V, “Regulatory Disclosures”, section A, “Your Ability to Withdraw Funds” below. A debit card transaction occurs in two parts. First, a merchant sends an authorization request and, second, usually a few days later, the merchant presents the item for payment and we post the item. We have the right to place a temporary hold—known as an “authorization hold”—against some or all of the funds in your account when When we receive an authorization request from a merchant or other party from which a purchase is being made with your debit card, we have the right to place a temporary hold - known as an “authorization hold” - against some or all of the funds in your account. If we place an authorization hold against your account, the amount of such authorization hold will decrease your available balance. If we receive an authorization request from a gas station, restaurant, hotel, car rental agency, or other merchant, the amount of the authorization hold may differ from the final final amount of your purchase from that merchant because the purchase amount may not be known at the time the merchant makes its request for authorization. In those circumstances, we may either not place an authorization hold against your account or the amount of the authorization hold that we place against your account may be different from the final final amount of your purchase. We have the right to maintain an authorization hold against your account until we receive the purchase transaction that matches the authorization hold. However, if we do not receive the matching purchase transaction within three (3) business days (or such other period of time as permitted by the rules of the payment network governing your debit card), then we will release our authorization hold against your account. If we have not received the matching purchase transaction, the amount of the released authorization hold will increase your available balance. If the merchant later presents submits the debit card purchase transaction to us for payment, we will post that transaction to your account and that transaction then will decrease your available balance accordingly. It is possible that your available balance may be positive at the time you initiate or authorize an item, but negative at the time the item ultimately settles or posts. For an item that was subject to an authorization hold, we may assess and debit an overdraft charge against your account if your available balance is not sufficient at the time the item posts even if your available balance was sufficient at the time we received the authorization request or any time during the authorization hold. We offer a variety of services to assist you in monitoring your available balance, such as UMB Online Banking, UMB Direct Banking by phone, an ATM, or our UMB Mobile Banking balance or withdrawal alerts (including account alerts – see the section on Account Alerts below). However, Automated Telephone Bankingyour available balance will not include any outstanding checks, and at an ATMACH automatic bill payments or other items that you have issued, initiated or authorized until those items have been presented to us for payment. You Accordingly, you should always adjust your available balance provided by any of those services to reflect reflect all such outstanding items, including any checks, ACH automatic bill payments, or other items that you have issued, initiated or authorized, but have not yet been presented for payment. If funds from a deposit become available for withdrawal, that does not mean the check or other item you’ve deposited is authorized, has “cleared,” or has been paid by the paying bank. It is possible that the check will be returned days or even months after we have made the funds available to you and you have withdrawn them. If a check is returned, we have the right to charge the check back to your account regardless of how long it has been since you deposited the check. No one, including UMB employees, can guarantee to you that a check will not be returned.

Your Available Balance. Your available balance does not reflect any checks, ACHs, automatic bill payments or other items that you have issued, initiated, or authorized until they are presented to us for payment from your account. Debit card transactions, UMB online bill payments and other pending transactions will reduce your available balance during the day. UMB online bill payments may reduce your available balance up to five (5) calendar days before the due date you select when you set up those payments. It is possible for you to overdraw your account even though your available balance shows that there are sufficient funds in your account to cover an item you want to issue, initiate, or authorize. For example, when you write a check, the payee may not present the check to us for payment on that same day. That outstanding check will not be reflected in your available balance until the payee presents that check to us for payment. Your available balance also may not reflect recent deposits to your account. For details concerning availability of your deposits for withdrawal, see Our Funds Availability Policy. A debit card transaction occurs in two parts. First, a merchant sends an authorization request and, second, usually a few days later, the merchant presents the item for payment and we post the item. We have the right to place a temporary hold—known as an “authorization hold”—against some or all of the funds in your account when we receive an authorization request from a merchant or other party from which a purchase is being made with your debit card. If we place an authorization hold against your account, the amount of such authorization hold will decrease your available balance. If we receive an authorization request from a gas station, restaurant, hotel, car rental agency, or other merchant, the amount of the authorization hold may differ from the final amount of your purchase from that merchant because the purchase amount may not be known at the time the merchant makes its request for authorization. In those circumstances, we may either not place an authorization hold against your account or the amount of the authorization hold that we place against your account may be different from the final amount of your purchase. We have the right to maintain an authorization hold against your account until we receive the purchase transaction that matches the authorization hold. However, if we do not receive the matching purchase transaction within three (3) business days (or such other period of time as permitted by the rules of the payment network governing your debit card), then we will release our authorization hold against your account. If we have not received the matching purchase transaction, the amount of the released authorization hold will increase your available balance. If the merchant later presents the debit card purchase transaction to us for payment, we will post that transaction to your account and that transaction then will decrease your available balance accordingly. It is possible that your available balance may be positive at the time you initiate or authorize an item, but negative at the time the item ultimately settles or posts. For With respect to Commercial Banking accounts, for an item that was subject to an authorization hold, we may assess and debit an overdraft charge against your account if your available balance is not sufficient at the time the item posts even if your available balance was sufficient at the time we received the authorization request or any time during the authorization hold. We offer a variety of services to assist you in monitoring your available balance, such as Online Banking (including account alerts – see the section on Account Alerts below), Automated Telephone Banking, and at an ATM. You should always adjust your available balance provided by any of those services to reflect all outstanding items, including any checks, ACH automatic bill payments, or other items that you have issued, initiated or authorized, but have not yet been presented for payment. If funds from a deposit become available for withdrawal, that does not mean the check or other item you’ve deposited is authorized, has “cleared,” or has been paid by the paying bank. It is possible that the check will be returned days or even months after we have made the funds available to you and you have withdrawn them. If a check is returned, we have the right to charge the check back to your account regardless of how long it has been since you deposited the check. No one, including UMB employees, can guarantee to you that a check will not be returned.