Common use of Account Statements and Notices Clause in Contracts

Account Statements and Notices. Periodic Statements Bank will send a periodic Account statement for demand deposit or checking accounts and savings accounts to the current address listed on Bank’s records. Bank will send only one Account statement or other notice for any Account, even if the Account has more than one owner. You agree that sending the Account statement or other notice to one owner qualifies as sending it to all owners, even if all owners do not have access to the mailing address of record for the Account. In certain instances, Bank may offer a combined Account statement where a single statement reports activity for all accounts linked for the service; rather than separate statements for each linked Account. Accounts must contain identical ownership in order to be eligible to receive combined statements. Bank may restrict what types of accounts can be linked for a combined statement. If you have chosen to receive your bank statements via Online Banking and you have enrolled with Bank to do so, Bank will send you an email informing you when your statement is available for review. Please refer to Electronic Communications section below for more information regarding electronic bank statements and other electronic communications. You are responsible for promptly examining your statement each statement period and reporting any irregularities to Bank. The periodic statement will be considered correct for all purposes and Bank will not be liable for any payment made and charged to your Account unless you notify Bank in writing within certain time limits after the statement is made available to you. Bank will not be liable for any unauthorized debit against your Account from any source, including but not limited to forged and altered checks, unless you notify Bank within thirty (30) calendar days after your statement is made available to you. Also, Bank will not be liable for any subsequent items paid, in good faith, containing an unauthorized signature or alteration by the same wrongdoer unless you notify Bank within thirty (30) calendar days after the statement and first altered or forged items were made available. Except for transactions covered by the EFTA, you must also report any other Account problem within sixty (60) calendar days after the statement is made available or lose your right to assert the problem against Bank. If the suspected Account problem involves a substitute check you receive, you may (under some circumstances) be entitled to make a claim for an expedited refund. Such a claim may be subject to different notification time frames. Bank truncates your checks but may provide you with an image of your checks, pursuant to Check Imaging section of this Agreement, on the understanding that your original checks will not be returned to you with your statement. You agree Bank’s retention of checks does not alter or waive your responsibility to examine your statements or change the time limits for notifying Bank of any errors. Electronic Communications

Account Statements and Notices. Periodic Statements Bank will send When a periodic Account statement for demand deposit or checking accounts and savings accounts to the current address listed on Bank’s records. Bank will send only one Account statement or other notice for any Account, even if the Account business account has more than one ownerauthorized signer, we will send or otherwise make available account statements and notices to all authorized signers. Any information mailed will be sent to the primary or mailing address on record. The business receiving this information is responsible for sharing copies of the information with other owners who may not reside at the primary or mailing address. We may as a courtesy provide additional copies electronically. When the business requests that we send notices to an authorized signer, the authorized signer is responsible for providing copies to all account owners. RETURNED OR UNDELIVERABLE STATEMENTS AND NOTICES Your account statements or notices will be considered unclaimed or undeliverable if: • Two or more account statements or notices are returned to us through the mail because of an incorrect address; or • We notify you electronically that your account statement is available for viewing at Member One FCU Online Banking and we receive email notifications that our message is undeliverable. In either event, we may • Discontinue sending account statements and notices, and • Destroy account statements and notices returned to us as undeliverable. We will not attempt to deliver account statements and notices to you until you provide us with a valid postal or electronic address. ADDRESS CHANGES You can change your postal or email address online, by calling our Contact Center, or by visiting one of our Retail Centers. If you have a combined account statement, any owner of the account can change the address of all accounts included in the combined account statement. We will act on your request within a reasonable time after we receive it. You agree to keep Member One informed of your current mailing address and are to promptly notify us if your contact information changes. OBLIGATION TO REVIEW STATEMENTS AND NOTICES You must examine your statement of account with “reasonable promptness.” If you discover (or reasonably should have discovered) any unauthorized signatures or alterations, you must promptly notify us of the relevant facts. Between you and us, if you fail to do either of these duties, you will have to either share the loss with us or bear the loss entirely yourself (depending on whether we used ordinary care and, if not, whether we substantially contributed to the loss). The loss could not only be with respect to items on the statement but other items with unauthorized signature or alterations by the same wrongdoer. You agree that sending the Account statement or other notice to one owner qualifies as sending it to all owners, even if all owners do not have access to the mailing address of record for the Account. In certain instances, Bank may offer a combined Account statement where a single statement reports activity for all accounts linked for the service; rather than separate statements for each linked Account. Accounts must contain identical ownership in order to be eligible to receive combined statements. Bank may restrict what types of accounts can be linked for a combined statement. If time you have chosen to receive your bank statements via Online Banking and you have enrolled with Bank to do so, Bank will send you an email informing you when examine your statement is available for review. Please refer and report to Electronic Communications section below for more information regarding electronic bank statements and other electronic communications. You are responsible for promptly examining your statement each statement period and reporting us will depend on the circumstances, but will not, in any irregularities to Bank. The periodic statement will be considered correct for all purposes and Bank will not be liable for any payment made and charged to your Account unless you notify Bank in writing within certain time limits after circumstance, exceed a total of 60 days from when the statement is first sent or made available to you. Bank will not be liable for You further agree that if you fail to report any unauthorized debit against signature, alteration, forgeries, or any other errors in your Account from any source, including but not limited to forged and altered checks, unless you notify Bank account within thirty (30) calendar 60 days after your statement is made available to you. Also, Bank will not be liable for any subsequent items paid, in good faith, containing an unauthorized signature of when we first send or alteration by the same wrongdoer unless you notify Bank within thirty (30) calendar days after make the statement and first altered or forged items were made available. Except for transactions covered by the EFTA, you must also report cannot assert a claim against us on any items in that statement, and between you and us the loss will be entirely yours, as provided for under applicable law. This 60-day limitation is without regard to whether we used ordinary care. The limitation in this paragraph is in addition to that contained in the first paragraph of this section. ORIGINAL CHECKS IN STATEMENTS We do not return original paid checks with your account statements. Copies of your paid checks are available through Member One Online Banking, or by contacting us using one of the options listed under Contacting Member One Federal Credit Union. MODIFICATION NOTICE If we are required to notify you of a modification to the Agreement, we will describe the modification and its effective date by a message within your account statement or any other Account problem within sixty (60) calendar appropriate means as required by law. BUSINESS DAYS For purposes of these disclosures, our business days after the statement is made available or lose your right to assert the problem against Bank. If the suspected Account problem involves a substitute check you receiveare Monday through Friday, you may (under some circumstances) be entitled to make a claim for an expedited refund. Such a claim may be subject to different notification time frames. Bank truncates your checks but may provide you with an image of your checksexcluding Saturdays, pursuant to Check Imaging section of this Agreement, on the understanding that your original checks will not be returned to you with your statement. You agree Bank’s retention of checks does not alter or waive your responsibility to examine your statements or change the time limits for notifying Bank of any errors. Electronic CommunicationsSundays and federal holidays.

Account Statements and Notices. Periodic Statements Bank will send a periodic Account statement for demand deposit or checking accounts and savings accounts to the current address listed on Bank’s records. Bank will send only one Account statement or other notice for any Account, even if the Account has more than one owner. You agree that sending the Account statement or other notice to one owner qualifies as sending it to all owners, even if all owners do not have access to the mailing address of record for the Account. In certain instances, Bank may offer a combined Account statement where a single statement reports activity for all accounts linked for the service; rather than separate statements for each linked Account. Accounts must contain identical ownership in order to be eligible to receive combined statements. Bank may restrict what types of accounts can be linked for a combined statement. If you have chosen to receive your bank statements via Online Banking and you have enrolled with Bank to do so, Bank will send you an email informing you when your statement is available for review. Please refer to Electronic Communications section below for more information regarding electronic bank statements and other electronic communications. You are responsible for promptly examining your statement each statement period and reporting any irregularities to Bank. The periodic statement will be considered correct for all purposes and Bank will not be liable for any payment made and charged to your Account unless you notify Bank in writing within certain time limits after the statement is made available to you. Bank will not be liable for any unauthorized debit against your Account from any source, including but not limited to forged and altered checks, unless you notify Bank within thirty (30) calendar days after your statement is made available to you. Also, Bank will not be liable for any subsequent items paid, in good faith, containing an unauthorized signature or alteration by the same wrongdoer unless you notify Bank within thirty (30) calendar days after the statement and first altered or forged items were made available. Except for transactions covered by the EFTA, you must also report any other Account problem within sixty (60) calendar days after the statement is made available or lose your right to assert the problem against Bank. If the suspected Account problem involves a substitute check you receive, you may (under some circumstances) be entitled to make a claim for an expedited refund. Such a claim may be subject to different notification time frames. Bank truncates your checks but may provide you with an image of your checks, pursuant to Check Imaging section of this Agreement, on the understanding that your original checks will not be returned to you with your statement. You agree Bank’s retention of checks does not alter or waive your responsibility to examine your statements or change the time limits for notifying Bank of any errors. Electronic CommunicationsCommunications Bank generally provides Account notices, disclosures, and statements via U.S. postal service; however, you may request and/or consent to electronic delivery of Account notices, disclosures, and statements via Bank’s website if you enroll in Personal Online Banking or Business Online Banking (collectively, “Online Banking”). To implement this request, Bank must comply with the Electronic Signatures in Global and National Commerce Act (“ESIGN Act”), which requires you to affirmatively consent to the use of electronic records in this manner. You may withdraw your consent with appropriate written notice without the imposition of any condition, consequence, or fee for such withdrawal of consent. There may be a fee assessed for paper- based periodic statements, please refer to the applicable Schedule for more information. You agree to notify the Bank immediately of any changes to your email address of record in order for the Bank to comply with your request to electronically communicate with you. You also agree Bank is not liable, due to your failure to notify Bank of changes, for any communication not received electronically by you as a result.