Common use of NSF Transactions Clause in Contracts

NSF Transactions. We are not obligated to pay any item presented for payment if your account does not contain sufficient available funds. 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;[this may also occur when you initiate transfers and payments through your Credit Union Online Banking or Bill Payment services and your account lacks sufficient available funds at the time the transaction is scheduled to occur, as we may decline the transaction, and then resubmit the same transaction at a later time in an attempt to process your requested transaction]. Part IV – EFT This Part IV of the Agreement sets forth the terms and conditions governing electronic fund transfers. Electronic fund transfers (“EFTs”) are electronically initiated transfers of money involving a deposit account at the Credit Union and multiple access options, such as online account access, direct deposits, automated teller machines (ATMs), Debit Card and Audio Response Teller banking. Your acceptance, retention, or use of an ATM Card, Debit Card, Personal Identification Number (PIN), Access Code, or other EFT hereunder constitutes an agreement between us and you to be bound by the additional terms and conditions contained in this Part IV. Where not in conflict with the terms of this Part IV, the general terms and conditions elsewhere in this Agreement, or such other agreements under which electronic services may be provided remain in full force and effect and continue to be applicable, except as specifically modified by this Part IV. These disclosures are given by us in compliance with the Electronic Fund Transfer Act (15 USC § 1693 et seq.) and Regulation E (12 CFR Part 1005) to inform you of certain terms and conditions for use of the electronic services described in this Agreement. At the present time, we offer the following electronic services: o Preauthorized deposits of net paycheck; o Payroll deductions; o Preauthorized deposits of pension checks and federal recurring payments (for example, Social Security payments); o Preauthorized withdrawals for bill payments and other recurring payments; o Automated Teller Machine (ATM) EFT services at Credit Union-owned (proprietary) ATMs and on Shared Network ATMs such as the CO-OP Network, STAR and Plus, and such other systems as may be added from time to time; o Audio Response Teller banking; o Online Banking; o Online Banking Bill Pay Service; o ATM or Debit Card; o Electronic Check Transactions; o Transactions at a Point-of-Sale (POS) terminal whether or not an access device is used; o Mobile Banking; and o Mobile Deposit. General disclosures applicable to all electronic services offered by us is given below, with certain specific disclosure information for each service following in separate sections.

NSF Transactions. We are not obligated to pay any item presented for payment if your account does not contain sufficient available funds. 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;[this may also occur when you initiate transfers and payments through your Credit Union Online Banking or Bill Payment services and your account lacks sufficient available funds at the time the transaction is scheduled to occur, as we may decline the transaction, and then resubmit the same transaction at a later time in an attempt to process your requested transaction]. Part IV – EFT This Part IV of the Agreement sets forth the terms and conditions governing electronic fund transfers. Electronic fund transfers (“EFTs”) are electronically initiated transfers of money involving a deposit account at the Credit Union and multiple access options, such as online account access, direct deposits, automated teller machines (ATMs), Debit Card and Audio Response Teller banking. Your acceptance, retention, or use of an ATM Card, Debit Card, Personal Identification Number (PIN), Access Code, or other EFT hereunder constitutes an agreement between us and you to be bound by the additional terms and conditions contained in this Part IV. Where not in conflict with the terms of this Part IV, the general terms and conditions elsewhere in this Agreement, or such other agreements under which electronic services may be provided remain in full force and effect and continue to be applicable, except as specifically modified by this Part IV. These disclosures are given by us in compliance with the Electronic Fund Transfer Act (15 USC § 1693 et seq.) and Regulation E (12 CFR Part 1005) to inform you of certain terms and conditions for use of the electronic services described in this Agreement. Further, you understand and agree you shall advise each person to whom a Card and/or Access Code is issued that each transaction originated by means of a Card or Access Code is NOT a “consumer” transaction as defined in the Electronic Fund Transfer Act and in Regulation E and is not governed by or entitled to the protection of federal law and regulation. At the present time, we offer the following electronic services: o • Preauthorized deposits of net paycheck; o • Payroll deductions; o • Preauthorized deposits of pension checks and federal recurring payments (for example, Social Security payments); o • Preauthorized withdrawals for bill payments and other recurring payments; o • Automated Teller Machine (ATM) EFT services at Credit Union-owned (proprietary) ATMs and on Shared Network ATMs such as the CO-OP Network, STAR and Plus, and such other systems as may be added from time to time; o • Audio Response Teller banking; o • Online Banking; o • Online Banking Bill Pay Service; o • ATM or Debit Card; o • Electronic Check Transactions; o • Transactions at a Point-of-Sale (POS) terminal whether or not an access device is used; o • Mobile Banking; and o • Mobile Deposit. General disclosures applicable to all electronic services offered by us is given below, with certain specific disclosure information for each service following in separate sections.

NSF Transactions. We are not obligated to pay any item presented for payment if your account does not contain sufficient available funds. 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;[this may also occur when you initiate transfers and payments through your Credit Union Online Banking or Bill Payment services and your account lacks sufficient available funds at the time the transaction is scheduled to occur, as we may decline the transaction, and then resubmit the same transaction at a later time in an attempt to process your requested transaction]. Part IV – EFT This Part IV of the Agreement sets forth the terms and conditions governing electronic fund transfers. Electronic fund transfers (“EFTs”) are electronically initiated transfers of money involving a deposit account at the Credit Union and multiple access options, such as online account access, direct deposits, automated teller machines (ATMs), Debit Card and Audio Response Teller banking. Your acceptance, retention, or use of an ATM Card, Debit Card, Personal Identification Number (PIN), Access Code, or other EFT hereunder constitutes an agreement between us and you to be bound by the additional terms and conditions contained in this Part IV. Where not in conflict with the terms of this Part IV, the general terms and conditions elsewhere in this Agreement, or such other agreements under which electronic services may be provided remain in full force and effect and continue to be applicable, except as specifically modified by this Part IV. These disclosures are given by us in compliance with the Electronic Fund Transfer Act (15 USC § 1693 et seq.) and Regulation E (12 CFR Part 1005) to inform you of certain terms and conditions for use of the electronic services described in this Agreement. Further, you understand and agree you shall advise each person to whom a Card and/or Access Code is issued that each transaction originated by At the present time, we offer the following electronic services: o Preauthorized deposits of net paycheck; o Payroll deductions; o Preauthorized deposits of pension checks and federal recurring payments (for example, Social Security payments); o Preauthorized withdrawals for bill payments and other recurring payments; o Automated Teller Machine (ATM) EFT services at Credit Union-owned (proprietary) ATMs and on Shared Network ATMs such as the CO-OP Network, STAR and Plus, and such other systems as may be added from time to time; o Audio Response Teller banking; o Online Banking; o Online Banking Bill Pay Service; o ATM or Debit Card; o Electronic Check Transactions; o Transactions at a Point-of-Sale (POS) terminal whether or not an access device is used; o Mobile Banking; and o Mobile Deposit. General disclosures applicable to all electronic services offered by us is given below, with certain specific disclosure information for each service following in separate sections.

NSF Transactions. We are not obligated to pay any item presented for payment if your account does not contain sufficient available funds. 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;[this may also occur when you initiate transfers and payments through your Credit Union Online Banking or Bill Payment services and your account lacks sufficient available funds at the time the transaction is scheduled to occur, as we may decline the transaction, and then resubmit the same transaction at a later time in an attempt to process your requested transaction]. Part IV – EFT This Part IV of the Agreement sets forth the terms and conditions governing electronic fund transfers. Electronic fund transfers (“EFTs”) are electronically initiated transfers of money involving a deposit account at the Credit Union and multiple access options, such as online account access, direct deposits, automated teller machines (ATMs), Debit Card and Audio Response Teller banking. Your acceptance, retention, or use of an ATM Card, Debit Card, Personal Identification Number (PIN), Access Code, or other EFT hereunder constitutes an agreement between us and you to be bound by the additional terms and conditions contained in this Part IV. Where not in conflict with the terms of this Part IV, the general terms and conditions elsewhere in this Agreement, or such other agreements under which electronic services may be provided remain in full force and effect and continue to be applicable, except as specifically modified by this Part IV. These disclosures are given by us in compliance with the Electronic Fund Transfer Act (15 USC § 1693 et seq.) and Regulation E (12 CFR Part 1005) to inform you of certain terms and conditions for use of the electronic services described in this Agreement. At the present time, we offer the following electronic services: o Preauthorized deposits of net paycheck; o Payroll deductions; o Preauthorized deposits of pension checks and federal recurring payments (for example, Social Security payments); o Preauthorized withdrawals for bill payments and other recurring payments; o Automated Teller Machine (ATM) EFT services at Credit Union-owned (proprietary) ATMs and on Shared Network ATMs such as the CO-OP Network, STAR and Plus, and such other systems as may be added from time to time; o Audio Response Teller banking; o Online Banking; o Online Banking Bill Pay Service; o ATM or Debit Card; o Electronic Check Transactions; o Transactions at a Point-of-Sale (POS) terminal whether or not an access device is used; o Mobile Banking; and o Mobile Deposit. General disclosures applicable to all electronic services offered by us is given below, with certain specific disclosure information for each service following in separate sections.