Common use of Electronic Re-presented Checks or Other Items Clause in Contracts

Electronic Re-presented Checks or Other Items. If you write a check on a per- ▇▇▇▇▇ account that we return unpaid because of insufficient or uncollected funds, the payee or any subsequent holder of the check may re-present the check to us, through an electronic instruction (“Electronic Re-Presented Check”) to charge your account for the amount of the check. For information regarding the effect of fees on ACH Transfers: You may initiate or receive credits or debits to your account through ACH transfer. You agree that if you receive funds by an ACH transfer, we are not required to no- tify you at the time the funds are received. Instead, the transfer will show on your periodic statement. We may provisionally credit your account for an ACH transfer before we receive final settlement. We may reverse the provisional credit or you will refund us the amount, if we do not receive final settlement. Wire Transfers: Except as amended by this Agreement, permitted electronic fund transfers that are subject to Article 4A of the Uniform Commercial Code, will be subject to such provisions of the Uniform Commercial Code as enacted by the state where the main office of the Credit Union is located. We may execute certain requests for an electronic funds transfer by ▇▇▇▇▇▇▇. Fedwire transactions are subject to Federal Reserve Board Regula- tion J. You may order an electronic funds transfer to or from your account. We will debit your account for the amount of the electronic funds transfer and will charge your account for any fees related to the transfer. Unless we agree otherwise in writing, we reserve the right to refuse to execute any order to transfer funds to or from your account. We are not obligated to execute any order to transfer funds out of your account if the amount of the requested transfer, plus applicable fees, exceeds the available funds in your account. We are not liable for errors, delays, interruptions or transmission failures caused by third par- ties or circumstances beyond our control, including mechanical, electronic or equipment failure. We will not provide you with next-day notice of wire transfers and other electronic payments credited to your account. You will receive notice of such credits on your account statements. You may contact us to determine whether a payment has been received. If we fail to properly execute a payment order, and such action results in a delay in payment to you, we will pay you dividends or interest for the period of delay as required by applicable law. The dividends or interest paid to you will be based on the lowest nominal dividend or interest rate we were paying on any account during that period. Payment orders we accept will be executed within a reasonable time of receipt but may not necessarily be executed on the date they are received. Cutoff times may apply to the receipt, execution and process- ing of fund transfers, payment orders, cancellations and amendments. If a request for a fund transfer, payment order, cancellation or amendment is received after a cutoff time, it may be treated as having been received on the next fund transfer business day. Information about cutoff times is available upon request. From time to time, we may need to suspend processing of a transaction for greater scrutiny or verification in accordance with appli- cable law, and this action may affect settlement or availability of the transaction. When you CREDIT UNION EXAMINATION

Electronic Re-presented Checks or Other Items. If you write a check on a per- ▇▇▇▇▇ personal account that we return unpaid because of insufficient or uncollected funds, the payee or any subsequent sub- sequent holder of the check may re-present the check to us, through an electronic instruction instruc- tion (“Electronic Re-Presented Check”) to charge your account for the amount of the check. For information regarding the effect of fees on re-presented items see the section of this Agreement entitled “Multiple Presentment”. If we receive an electronic re-presented check, we will pay or return the electronic re-presented check as if the original paper check was presented to us. Any collection fee you authorize the merchant to debit from your account ACH Transfers: You may initiate or receive credits or debits to your account through ACH transfer. You agree that if you receive funds by an ACH transfer, we are not required to no- tify notify you at the time the funds are received. Instead, the transfer will show on your periodic statement. We may provisionally provi- sionally credit your account for an ACH transfer before we receive final settlement. We may reverse the provisional credit or you will refund us the amount, if we do not receive final settlement. Wire Transfers: Except as amended by this Agreement, permitted electronic fund transfers that are subject to Article 4A of the Uniform Commercial Code, will be subject to such provisions of the Uniform Uni- form Commercial Code as enacted by the state where the main office of the Credit Union is located. We may execute certain requests for an electronic funds transfer by ▇▇▇▇▇▇▇. Fedwire transactions are subject to Federal Reserve Board Regula- tion Regulation J. You may order an electronic funds transfer to or from your account. We will debit your account for the amount of the electronic funds transfer and will charge your account for any fees related to the transfer. Unless we agree otherwise in writing, we reserve the right to refuse to execute any order to transfer funds to or from your account. We are not obligated to execute any order to transfer funds out of your account if the amount of the requested transfer, plus applicable fees, exceeds the available funds in your account. We are not liable for errors, delays, interruptions or transmission failures caused by third par- ties or circumstances beyond our control, including mechanical, electronic or equipment failure. We will not provide you with next-day notice of wire transfers and other electronic payments credited to your account. You will receive notice of such credits on your account statements. You may contact us to determine whether a payment has been received. If we fail to properly execute a payment order, and such action results in a delay in payment to you, we will pay you dividends or interest for the period of delay as required by applicable law. The dividends or interest paid to you will be based on the lowest nominal dividend or interest rate we were paying on any account during that period. Payment orders we accept will be executed within a reasonable time of receipt but may not necessarily be executed on the date they are received. Cutoff times may apply to the receipt, execution and process- ing of fund transfers, payment orders, cancellations and amendments. If a request for a fund transfer, payment order, cancellation or amendment is received after a cutoff time, it may be treated as having been received on the next fund transfer business day. Information about cutoff times is available upon request. From time to time, we may need to suspend processing of a transaction for greater scrutiny or verification in accordance with appli- cable law, and this action may affect settlement or availability of the transaction. When you CREDIT UNION EXAMINATIONli-