Common use of Authorization Holds Clause in Contracts

Authorization Holds. When you use your SECU Visa Gift Card to pay for goods or services, certain merchants may ask us to authorize the transaction in advance and may estimate its final value. When we authorize the transaction, we commit to make the requested funds available when the transaction finally settles and may place a temporary hold on your Card’s available balance for the amount submitted by the merchant. We will only post the correct amount of the final transaction to your Card. Until the transaction finally settles or 3 business days have passed, whichever occurs first, the funds subject to the authorization hold will not be available to you for other purposes. An exception to this rule is that authorizations from hotels are held for 10 business days. Some merchants may also add an amount (such as an estimated tip) to ensure that sufficient funds will be available to cover the final transaction; therefore, the authorization hold may be more or less than the final transaction amount. If the amount of the authorization request exceeds the available funds on your Card, the transaction may be declined. We are not responsible if we do not authorize or pay subsequent Card transactions while such an authorization hold is in place on the available balance. The merchant still has the authority to post the transaction after the authorization has expired if an authorization was initially obtained. In addition, if you commence a purchase and the merchant obtains an authorization and then you cancel the purchase without completing it, the authorization may result in a temporary hold for that amount of funds for 3 business days or 10 days in the case of a hotel authorization. You must notify us AT ONCE if you believe your SECU Visa Gift Card has been lost, stolen, or that someone has used or may use your Card without your permission, by calling ▇-▇▇▇-▇▇▇-▇▇▇▇. You may write us at: Cardholder Services, P. O. Box 7 2 3 5 , S i o u x F a l l s , S D 57 11 7 - 72 35 . See "Your Liability for Unauthorized Use of Your Card." You agree to cooperate with us in our investigation of any possible unauthorized use of your SECU Visa Gift Card. Initial Issuance Fee $2.00 when purchased at an SECU branch $3.50 when purchased on the SECU website Card Inactivity Fee $1.00/month after 12 months of no activity* Card Replacement Fee $8.00** *Activity includes the purchase of the Card, and use of the Card to purchase goods and services. Activity does not include: the imposition of fees; an adjustment due to an error; a reversal of a prior transaction; replacement of an expired, lost, or stolen Card; balance inquiries, and incomplete transactions. **There is no fee for replacing an expired Card with a remaining balance of $20.00 or more.

Authorization Holds. When you use your SECU Visa Gift Card to pay for goods or services, certain merchants may ask us to authorize the transaction in advance and may estimate its final value. When we authorize the transaction, we commit to make the requested funds available when the transaction finally settles and may place a temporary hold on your Card’s available balance for the amount submitted by the merchant. We will only post the correct amount of the final transaction to your Card. Until the transaction finally settles or 3 business days have passed, whichever occurs first, the funds subject to the authorization hold will not be available to you for other purposes. An exception to this rule is that authorizations from hotels are held for 10 business days. Some merchants may also add an amount (such as an estimated tip) to ensure that sufficient funds will be available to cover the final transaction; therefore, the authorization hold may be more or less than the final transaction amount. If the amount of the authorization request exceeds the available funds on your Card, the transaction may be declined. We are not responsible if we do not authorize or pay subsequent Card transactions while such an authorization hold is in place on the available balance. The merchant still has the authority to post the transaction after the authorization has expired if an authorization was initially obtained. In addition, if you commence a purchase and the merchant obtains an authorization and then you cancel the purchase without completing it, the authorization may result in a temporary hold for that amount of funds for 3 business days or 10 days in the case of a hotel authorization. You must notify us AT ONCE if you believe your SECU Visa Gift Card has been lost, stolen, or that someone has used or may use your Card without your permission, by calling ▇-▇▇▇-▇▇▇-▇▇▇▇. You may write us at: Cardholder Services, P. O. Box 7 2 3 5 , S i o u x F a io ux Fa l l s , S D SD 57 11 7 117 - 72 35 7235 . See "Your Liability for Unauthorized Use of Your Card." You agree to cooperate with us in our investigation of any possible unauthorized use of your SECU Visa Gift Card. Initial Issuance Fee $2.00 when purchased at an SECU branch $3.50 when purchased on the SECU website Card Inactivity Fee $1.00/month after 12 months of no activity* Card Replacement Fee $8.00** *Activity includes the purchase of the Card, and use of the Card to purchase goods and services. Activity does not include: the imposition of fees; an adjustment due to an error; a reversal of a prior transaction; replacement of an expired, lost, or stolen Card; balance inquiries, and incomplete transactions. **There is no fee for replacing an expired Card with a remaining balance of $20.00 or more.

Authorization Holds. When you use your SECU Visa Gift Card to pay for goods or services, certain We and/or some merchants may ask us to authorize request preauthorization for a Cash Advance and/or purchases in the transaction in advance and may estimate its final value. When we authorize the transaction, we commit to make the requested funds available when the transaction finally settles and may place a temporary hold on your Card’s available balance for the amount submitted by the merchant. We will only post the correct amount of the final transaction to your Card. Until the transaction finally settles or 3 business days have passed, whichever occurs first, the funds subject to the authorization hold will not be available to you for other purposes. An exception to this rule is that authorizations from hotels are held for 10 business days. Some merchants may also add an amount (such as plus an estimated tip) additional amount to ensure that there are sufficient funds will be available to cover the final transaction; therefore, the authorization hold may be more tips or less than the final transaction amountincidental expenses incurred. If the amount of the authorization Such a preauthorization request exceeds the available funds on your Card, the transaction may be declined. We are not responsible if we do not authorize or pay subsequent Card transactions while such an authorization hold is in place on the available balance. The merchant still has the authority to post the transaction after the authorization has expired if an authorization was initially obtained. In addition, if you commence a purchase and the merchant obtains an authorization and then you cancel the purchase without completing it, the authorization may result in a temporary hold “hold” on your available Card funds in the amount the merchant submits for that preauthorization (“Authorization Hold”). Once the final amount of the transaction is determined and has been processed and settled, your Card will be debited for such amount and the Authorization Hold will be removed. During the period of any Authorization Hold, the Card funds that are subject to the Authorization Hold will generally not be available for 3 business days or 10 days other Card transactions. We will have no liability to you in the case event we decline any Card transaction because an Authorization Hold is in place. We reserve the right to release, in our discretion, any Authorization Hold in order to make funds available for other Card transactions, and if we do so we will have no liability to you if we subsequently reject the transaction corresponding to the Authorization Hold due to insufficient Card Funds. We will have no liability to you in the event any merchant delays or fails to complete the final processing of a hotel authorizationany Card transaction that corresponds to an Authorization Hold, and/or in the event any merchant requests an Authorization Hold in error. In general, we will not be responsible for any transactions generated in error by merchants, processing agencies, or any other third parties not under our control, except as may be required under applicable law. During the period of any Authorization Hold the Card balance reported to you might not reflect that the Authorization Hold is or was in place because available balances are sometimes based on actual debits or credits to your Card rather than on Authorization Holds. You must notify us AT ONCE if are responsible for knowing when you believe your SECU Visa Gift have initiated a Card has been lost, stolen, or transaction that someone has used or may might result in an Authorization Hold and for managing other Card transactions accordingly during the period of an Authorization Hold. Merchants that typically apply Authorization Holds are listed below. Please note that this list is in no way exhaustive and you are subject to any Authorization Holds applied in connection with the use your Card without your permission, by calling ▇-▇▇▇-▇▇▇-▇▇▇▇. You may write us at: Cardholder Services, P. O. Box 7 2 3 5 , S i o u x F a l l s , S D 57 11 7 - 72 35 . See "Your Liability for Unauthorized Use of Your Card." You agree to cooperate with us in our investigation of any possible unauthorized use of your SECU Visa Gift Card. Initial Issuance Fee $2.00 when purchased at an SECU branch $3.50 when purchased on the SECU website Card Inactivity Fee $1.00/month after 12 months of no activity* Card Replacement Fee $8.00** *Activity includes the purchase of the Card, and use of whether or not they are listed below. Merchant Authorization Holds Fuel Pumps Hold amount may apply until finalized purchase is posted to the Card Restaurants, Hotels, travel and Entertainment Hold amount may apply until finalized purchase is posted to purchase goods and services. Activity does not include: the imposition of fees; an adjustment due to an error; a reversal of a prior transaction; replacement of an expired, lost, or stolen Card; balance inquiries, and incomplete transactions. **There is no fee for replacing an expired Card with a remaining balance of $20.00 or more.

Authorization Holds. When you use your SECU Visa Gift Card to pay for goods or services, certain We and/or some merchants may ask us to authorize the request preauthorization for a Card transaction in advance and may estimate its final value. When we authorize the transaction, we commit to make the requested funds available when the transaction finally settles and may place a temporary hold on your Card’s available balance for the purchase amount submitted by the merchant. We will only post the correct amount of the final transaction to your Card. Until the transaction finally settles or 3 business days have passed, whichever occurs first, the funds subject to the authorization hold will not be available to you for other purposes. An exception to this rule is that authorizations from hotels are held for 10 business days. Some merchants may also add an amount (such as plus an estimated tip) additional amount to ensure that there are sufficient funds will be available to cover the final transaction; therefore, the authorization hold may be more tips or less than the final transaction amountincidental expenses incurred. If the amount of the authorization Such a preauthorization request exceeds the available funds on your Card, the transaction may be declined. We are not responsible if we do not authorize or pay subsequent Card transactions while such an authorization hold is in place on the available balance. The merchant still has the authority to post the transaction after the authorization has expired if an authorization was initially obtained. In addition, if you commence a purchase and the merchant obtains an authorization and then you cancel the purchase without completing it, the authorization may result in a temporary hold “hold” on your available Card funds in the amount the merchant submits for that preauthorization (“Authorization Hold”). Once the final amount of the transaction is determined and has been processed and settled, your Card will be debited for such amount and the Authorization Hold will be removed. During the period of any Authorization Hold, the Card funds that are subject to the Authorization Hold will generally not be available for 3 business days or 10 days other Card transactions. We will have no liability to you in the case event we decline any Card transaction because an Authorization Hold is in place. We reserve the right to release, in our discretion, any Authorization Hold in order to make funds available for other Card transactions, and if we do so we will have no liability to you if we subsequently reject the transaction corresponding to the Authorization Hold due to insufficient Card Funds. We will have no liability to you in the event any merchant delays or fails to complete the final processing of a hotel authorizationany Card transaction that corresponds to an Authorization Hold, and/or in the event any merchant requests an Authorization Hold in error. In general, we will not be responsible for any transactions generated in error by merchants, processing agencies, or any other third parties not under our control, except as may be required under applicable law. During the period of any Authorization Hold the Card balance reported to you might not reflect that the Authorization Hold is or was in place because available balances are sometimes based on actual debits or credits to your Card rather than on Authorization Holds. You must notify us AT ONCE if are responsible for knowing when you believe your SECU Visa Gift have initiated a Card has been lost, stolen, or transaction that someone has used or may might result in an Authorization Hold and for managing other Card transactions accordingly during the period of an Authorization Hold. Merchants that typically apply Authorization Holds are listed below. Please note that this list is in no way exhaustive and you are subject to any Authorization Holds applied in connection with the use your Card without your permission, by calling ▇-▇▇▇-▇▇▇-▇▇▇▇. You may write us at: Cardholder Services, P. O. Box 7 2 3 5 , S i o u x F a l l s , S D 57 11 7 - 72 35 . See "Your Liability for Unauthorized Use of Your Card." You agree to cooperate with us in our investigation of any possible unauthorized use of your SECU Visa Gift Card. Initial Issuance Fee $2.00 when purchased at an SECU branch $3.50 when purchased on the SECU website Card Inactivity Fee $1.00/month after 12 months of no activity* Card Replacement Fee $8.00** *Activity includes the purchase of the Card, and use of whether or not they are listed below. Fuel Pumps Hold amount may apply until finalized purchase is posted to the Card Restaurants, Hotels, travel and Entrainment Hold amount may apply until finalized purchase is posted to purchase goods and services. Activity does not include: the imposition of fees; an adjustment due to an error; a reversal of a prior transaction; replacement of an expired, lost, or stolen Card; balance inquiries, and incomplete transactions. **There is no fee for replacing an expired Card with a remaining balance of $20.00 or more.

Authorization Holds. When you use your SECU Visa Gift Card to pay for goods or services, certain We and/or some merchants may ask us to authorize the request preauthorization for a Card transaction in advance and may estimate its final value. When we authorize the transaction, we commit to make the requested funds available when the transaction finally settles and may place a temporary hold on your Card’s available balance for the purchase amount submitted by the merchant. We will only post the correct amount of the final transaction to your Card. Until the transaction finally settles or 3 business days have passed, whichever occurs first, the funds subject to the authorization hold will not be available to you for other purposes. An exception to this rule is that authorizations from hotels are held for 10 business days. Some merchants may also add an amount (such as plus an estimated tip) additional amount to ensure that there are sufficient funds will be available to cover the final transaction; therefore, the authorization hold may be more tips or less than the final transaction amountincidental expenses incurred. If the amount of the authorization Such a preauthorization request exceeds the available funds on your Card, the transaction may be declined. We are not responsible if we do not authorize or pay subsequent Card transactions while such an authorization hold is in place on the available balance. The merchant still has the authority to post the transaction after the authorization has expired if an authorization was initially obtained. In addition, if you commence a purchase and the merchant obtains an authorization and then you cancel the purchase without completing it, the authorization may result in a temporary hold “hold” on your available Card funds in the amount the merchant submits for that preauthorization (“Authorization Hold”). Once the final amount of the transaction is determined and has been processed and settled, your Card will be debited for such amount and the Authorization Hold will be removed. During the period of any Authorization Hold, the Card funds that are subject to the Authorization Hold will generally not be available for 3 business days or 10 days other Card transactions. We will have no li- ability to you in the case event we decline any Card transaction because an Authorization Hold is in place. We reserve the right to release, in our discretion, any Authorization Hold in order to make funds available for other Card transactions, and if we do so we will have no liability to you if we subsequently reject the transaction corresponding to the Authorization Hold due to insufficient Card Funds. We will have no liability to you in the event any merchant delays or fails to complete the final processing of a hotel authorizationany Card transaction that corresponds to an Authorization Hold, and/or in the event any merchant requests an Authorization Hold in error. In general, we will not be responsible for any transactions generated in error by merchants, processing agencies, or any other third parties not under our control, except as may be required under applicable law. During the period of any Authorization Hold the Card balance reported to you might not reflect that the Authorization Hold is or was in place because available balances are sometimes based on actual debits or credits to your Card rather than on Authorization Holds. You must notify us AT ONCE if you believe your SECU Visa Gift Card has been lost, stolen, or that someone has used or may use your Card without your permission, by calling ▇-▇▇▇-▇▇▇-▇▇▇▇. You may write us at: Cardholder Services, P. O. Box 7 2 3 5 , S i o u x F a l l s , S D 57 11 7 - 72 35 . See "Your Liability are responsible for Unauthorized Use of Your Card." You agree to cooperate with us in our investigation of any possible unauthorized use of your SECU Visa Gift Card. Initial Issuance Fee $2.00 when purchased at an SECU branch $3.50 when purchased on the SECU website Card Inactivity Fee $1.00/month after 12 months of no activity* Card Replacement Fee $8.00** *Activity includes the purchase of the Card, and use of the Card to purchase goods and services. Activity does not include: the imposition of fees; an adjustment due to an error; a reversal of a prior transaction; replacement of an expired, lost, or stolen Card; balance inquiries, and incomplete transactions. **There is no fee for replacing an expired Card with a remaining balance of $20.00 or more.knowing Merchant Authorization Holds

Authorization Holds. When you use your SECU Visa Gift Card to pay for goods or services, certain We and/or some merchants may ask us to authorize the request preauthorization for a Card transaction in advance and may estimate its final value. When we authorize the transaction, we commit to make the requested funds available when the transaction finally settles and may place a temporary hold on your Card’s available balance for the purchase amount submitted by the merchant. We will only post the correct amount of the final transaction to your Card. Until the transaction finally settles or 3 business days have passed, whichever occurs first, the funds subject to the authorization hold will not be available to you for other purposes. An exception to this rule is that authorizations from hotels are held for 10 business days. Some merchants may also add an amount (such as plus an estimated tip) additional amount to ensure that there are sufficient funds will be available to cover the final transaction; therefore, the authorization hold may be more tips or less than the final transaction amountincidental expenses incurred. If the amount of the authorization Such a preauthorization request exceeds the available funds on your Card, the transaction may be declined. We are not responsible if we do not authorize or pay subsequent Card transactions while such an authorization hold is in place on the available balance. The merchant still has the authority to post the transaction after the authorization has expired if an authorization was initially obtained. In addition, if you commence a purchase and the merchant obtains an authorization and then you cancel the purchase without completing it, the authorization may result in a temporary hold “hold” on your available Card funds in the amount the merchant submits for that preauthorization (“Authorization Hold”). Once the final amount of the transaction is determined and has been processed and settled, your Card will be debited for such amount and the Authorization Hold will be removed. During the period of any Authorization Hold, the Card funds that are subject to the Authorization Hold will generally not be available for 3 business days or 10 days other Card transactions. We will have no li- ability to you in the case event we decline any Card transaction because an Authorization Hold is in place. We reserve the right to release, in our discretion, any Authorization Hold in order to make funds available for other Card transactions, and if we do so we will have no liability to you if we subsequently reject the transaction correspon- ding to the Authorization Hold due to insufficient Card Funds. We will have no liability to you in the event any merchant delays or fails to complete the final processing of a hotel authorizationany Card transaction that corresponds to an Author- ization Hold, and/or in the event any merchant requests an Authorization Hold in error. You must notify us AT ONCE if you believe your SECU Visa Gift Card has been lostIn general, stolenwe will not be responsible for any transactions generated in error by merchants, processing agencies, or that someone has used or any other third parties not under our control, except as may use your Card without your permission, by calling ▇-▇▇▇-▇▇▇-▇▇▇▇be required under applicable law. You may write us at: Cardholder Services, P. O. Box 7 2 3 5 , S i o u x F a l l s , S D 57 11 7 - 72 35 . See "Your Liability for Unauthorized Use of Your Card." You agree to cooperate with us in our investigation During the period of any possible unauthorized use of your SECU Visa Gift Card. Initial Issuance Fee $2.00 when purchased at an SECU branch $3.50 when purchased on the SECU website Card Inactivity Fee $1.00/month after 12 months of no activity* Card Replacement Fee $8.00** *Activity includes the purchase of the Card, and use of Authorization Hold the Card balance reported to purchase goods and services. Activity does you might not include: reflect that the imposition of fees; an adjustment due to an error; a reversal of a prior transaction; replacement of an expired, lost, Authorization Hold is or stolen Card; balance inquiries, and incomplete transactions. **There is no fee for replacing an expired Card with a remaining balance of $20.00 or more.was in place because

Authorization Holds. When you use your SECU Visa Gift Card to pay for goods or services, certain merchants may ask us to authorize the transaction in advance and may estimate its final value. When we authorize the transaction, we commit to make the requested funds available when the transaction finally settles and may place a temporary hold on your Card’s available balance for the amount submitted by the merchant. We will only post the correct amount of the final transaction to your Card. Until the transaction finally settles or 3 business days have passed, whichever occurs first, the funds subject to the authorization hold will not be available to you for other purposes. An exception to this rule is that authorizations from hotels are held for 10 business days. Some merchants may also add an request preauthorization for a Card transaction in the purchase amount (such as plus an estimated tip) additional amount to ensure that there are sufficient funds will be available to cover the final tips or incidental expenses incurred with that transaction; therefore, the authorization hold may be more or less than the final transaction amount. If the amount of the authorization Such a preauthorization request exceeds the available funds on your Card, the transaction may be declined. We are not responsible if we do not authorize or pay subsequent Card transactions while such an authorization hold is in place on the available balance. The merchant still has the authority to post the transaction after the authorization has expired if an authorization was initially obtained. In addition, if you commence a purchase and the merchant obtains an authorization and then you cancel the purchase without completing it, the authorization may result in a temporary hold “hold” on your available Card funds in the amount the merchant submits for that preauthorization (“Authorization Hold”). Once the final amount of the transaction is determined and has been processed and settled, your Card will be debited for such amount and the Authorization Hold will be removed. During the period of any Authorization Hold, the Card funds that are subject to the Authorization Hold will generally not be available for 3 business days or 10 days other Card transactions. We will have no liability to you in the case event we decline any Card transaction because an Authorization Hold is in place. We reserve the right to release, in our discretion, any Authorization Hold in order to make funds available for other Card transactions and, unless otherwise provided by law, if we do so we will have no liability to you if we subsequently reject the transaction corresponding to the Authorization Hold due to insufficient Card funds. We will have no liability to you in the event any merchant delays or fails to complete the final processing of a hotel authorizationany Card transaction that corresponds to an Authorization Hold, and/or in the event any merchant requests an Authorization Hold in error. In general, we will not be responsible for any transactions generated in error by merchants, processing agencies, or any other third parties not under our control, except as may be required under applicable law. During the period of any Authorization Hold, the Card balance reported to you might not reflect that the Authorization Hold is or was in place because available balances are sometimes based on actual debits or credits to your Card rather than on Authorization Holds. You must notify us AT ONCE if are responsible for knowing when you believe your SECU Visa Gift have initiated a Card has been lost, stolen, or transaction that someone has used or may use your might result in an Authorization Hold and for managing other Card without your permission, by calling ▇-▇▇▇-▇▇▇-▇▇▇▇. You may write us at: Cardholder Services, P. O. Box 7 2 3 5 , S i o u x F a l l s , S D 57 11 7 - 72 35 . See "Your Liability for Unauthorized Use of Your Card." You agree to cooperate with us in our investigation of any possible unauthorized use of your SECU Visa Gift Card. Initial Issuance Fee $2.00 when purchased at an SECU branch $3.50 when purchased on transactions accordingly during the SECU website Card Inactivity Fee $1.00/month after 12 months of no activity* Card Replacement Fee $8.00** *Activity includes the purchase of the Card, and use of the Card to purchase goods and services. Activity does not include: the imposition of fees; an adjustment due to an error; a reversal of a prior transaction; replacement period of an expired, lost, or stolen Card; balance inquiries, and incomplete transactions. **There is no fee for replacing an expired Card with a remaining balance of $20.00 or moreAuthorization Hold.