Common use of Fresh Start Checking Clause in Contracts

Fresh Start Checking. The account must be opened in person at a Cyprus Credit Union branch. The account is for individuals, not businesses. There is a $5 monthly fee. There is a $25 set-up fee. This checking account will not earn dividends. Government checks or known payroll where fund can be verified or come from a known source may be deposited to checking account. However, no other checks may be deposited to the checking account. If a non-government or non-payroll check is presented for deposit, it must be deposited in the member’s S1 saving account with minimum 10-day hold. No check cashing privileges, except as indicated above. Account holders may have a zero limit Visa Debit but no overdraft (L53) limit unless creditworthy. The member will not have Credit Union Service Center access. ChexSystems records: a. Must be older than 1 year. b. Maximum of two (2) ChexSystem records where the total owed from both records (if there are two) is $500 or less. c. If the record says a previous account was closed because of fraud or kiting, we will not open the account. d. If loss was part of bankruptcy then proof of bankruptcy must be provided. e. If the record is from Cyprus Credit Union, the record must be paid (including bankruptcy) before the account will be opened. f. The credit union reserves the right to not open the account or change the terms and conditions as necessary. After 12 months, the account holder may request to open a regular S5 checking account.

Fresh Start Checking. (S21). The account must be opened in person at a Cyprus Credit Union branch. The account is for individuals, not businesses. There is a $5 monthly fee. There is a $25 set-up fee. This checking account will not earn dividends. Government checks or known payroll where fund can be verified or come from a known source may be deposited to checking account. However, no other checks may be deposited to the checking check- ing account. If a non-government or non-payroll check is presented for deposit, it must be deposited in the member’s S1 saving account with minimum 10-day hold. No check cashing privileges, except as indicated above. Account holders may have a zero limit Visa Debit but no overdraft (L53) limit unless creditworthy. The member will not have Credit Union Service Center access. ChexSystems records: a. Must be older than 1 year. b. Maximum of two (2) ChexSystem records where the total owed from both records (if there are two) is $500 or less. c. If the record says a previous account was closed because of fraud or kiting, we will not open the account. d. If loss was part of bankruptcy then proof of bankruptcy must be provided. e. If the record is from Cyprus Credit Union, the record must be paid (including bankruptcy) before the account will be opened. f. The credit union reserves the right to not open the account or change the terms and conditions as necessary. After 12 months, the account holder may request to open a regular S5 checking account.

Fresh Start Checking. (S21). The account must be opened in person at a Cyprus Credit Union branch. The account is for individuals, not businessesbusi- nesses. There is a $5 monthly fee. There is a $25 set-up fee. This checking account will not earn dividends. Government checks or known payroll where fund can be verified or come from a known source may be deposited to checking account. However, no other checks may be deposited to the checking account. If a non-government or non-payroll check is presented for deposit, it must be deposited in the member’s S1 saving account with minimum 10-day hold. No check cashing privileges, except as indicated above. Account holders may have a zero limit Visa Debit but no overdraft (L53) limit unless creditworthycredit- worthy. The member will not have Credit Union Service Center access. ChexSystems records: a. Must be older than 1 year. b. Maximum of two (2) ChexSystem records where the total owed from both records (if there are two) is $500 or less. c. If the record says a previous account was closed because of fraud or kiting, we will not open the account. d. If loss was part of bankruptcy then proof of bankruptcy must be provided. e. If the record is from Cyprus Credit Union, the record must be paid (including bankruptcy) before the account will be opened. f. The credit union reserves the right to not open the account or change the terms and conditions as necessary. After 12 months, the account holder may request to open a regular S5 checking account.

Fresh Start Checking. The account must be opened in person at a Cyprus Credit Union branch. The account is for individuals, not businesses. There is a $5 monthly fee. There is a $25 set-up fee. This checking account will not earn dividends. Government checks or known payroll where fund can be verified or come from a known source may be deposited to checking account. However, no other checks may be deposited to the checking check- ing account. If a non-government or non-payroll check is presented for deposit, it must be deposited in the member’s S1 saving account with minimum 10-day hold. No check cashing privileges, except as indicated above. Account holders may have a zero limit Visa Debit but no overdraft (L53) limit unless creditworthy. The member will not have Credit Union Service Center access. ChexSystems records: a. Must be older than 1 year. b. Maximum of two (2) ChexSystem records where the total owed from both records (if there are two) is $500 or less. c. If the record says a previous account was closed because of fraud or kiting, we will not open the account. d. If loss was part of bankruptcy then proof of bankruptcy must be provided. e. If the record is from Cyprus Credit Union, the record must be paid (including bankruptcy) before the account will be opened. f. The credit union reserves the right to not open the account or change the terms and conditions as necessary. After 12 months, the account holder may request to open a regular S5 checking account.