Common use of ACH Payments Clause in Contracts

ACH Payments. You receive data files every day from the Federal Reserve with Automated Clearing House or ACH transactions. These include, for example, automatic bill pays I have signed up for. Each day, ACH transactions for my account are grouped together and paid in low to high dollar value order. • Point of Sale (POS) Debit Card Transactions. These are transactions where I use my debit card and I enter my PIN number at the time of the sale. They are similar to ATM withdrawals because money is usually deducted from my account immediately at the time of the transaction. However, some POS transactions are not presented for payment immediately; it depends on the merchant. • Signature Debit Card Transactions. These are transactions where I make a purchase with my debit card and I do not enter my PIN but I am instead asked to sign for the purchase. As described above, in these situations, the merchant may seek prior authorization for the transaction. When that happens, you generally place a temporary hold against the available funds in my account. You refer to this temporary hold as an “authorization hold,” and the amount of the authorization hold will be subtracted from my available balance. Authorizations are deducted from my available balance but not my actual balance as they are received by you throughout each day. At some point after I sign for the transaction, it is processed by the merchant and submitted to you for payment. This can happen hours or sometimes days after I signed for it, depending on the merchant and its processing company. These payment requests are received in real time throughout the day and are posted to my account as they are received. Please note: the amount of an authorization hold may differ from the actual payment because the final transaction amount may not yet be known to the merchant when the authorization request is submitted. For example, if I use my card at a restaurant, a hold will be placed in the amount of the bill presented to me, but when the transaction posts it will include any tip that I may have added to the bill. This may also be the case where I swipe my debit card at gas stations and hotels and other retail establishments. You cannot control how much a merchant asks us to authorize, or when a merchant submits a transaction for payment. This is a general description of how certain types of transactions are posted. These practices may change and you reserve the right to pay items in any order you chose as permitted by law. I may receive multiple deposit and withdrawal transactions on my account in many different forms throughout each business day. This means that I may be charged more than one $28 fee if we pay multiple transactions when my account is overdrawn.

ACH Payments. You We receive data files every day from the Federal Reserve with Automated Clearing House or ACH (ACH) transactions. These include, for example, automatic bill pays I payments you have signed up forauthorized. Each day, ACH transactions for my your account are grouped together and paid in posted throughout the day from low to high dollar value ordervalue. • Point of Sale (POS) PIN-Based Debit Card Purchase Transactions. These are purchase transactions where I use my using your debit card and I for which a merchant may require you to enter my PIN your personal identification number (PIN) at the time of the sale. They are processed through a PIN debit network. These transactions are similar to ATM withdrawals ATM/ATM+ withdrawal transactions because the money is usually deducted from my your account immediately at the time of the transaction. However, some POS transactions are not presented for payment immediately; it depends depending on the merchant, a PIN-based transaction may not be immediately presented for payment. • Signature Signature-Based Debit Card Purchase Transactions. These are purchase transactions where I make a purchase with my using your debit card and I do not enter my PIN but I am instead asked to that are processed through a signature-based network. Rather than entering a PIN, you typically sign for the purchase; however, merchants may not require your signature for certain transactions. As described above, in these situations, the merchant Merchants may seek prior authorization for the transactionthese types of transactions. When that happens, you generally place The authorization request places a temporary hold against the available on funds in my accountyour account when the authorization is completed. You refer to this temporary hold as an The “authorization hold,” and will reduce your available balance by the amount of the authorization hold authorized but will be subtracted from my available not affect your actual balance. Authorizations are deducted from my available balance but not my actual balance as they are received by you throughout each day. At some point after I sign for the transaction, it The transaction is subsequently processed by the merchant and submitted to you us for payment. This can happen hours or sometimes days after I signed for itthe transaction, depending on the merchant and its processing companypayment processor. These payment requests are received in real time throughout the day and are posted to my your account as when they are received. Please note: the The amount of an authorization hold may differ from the actual payment because the final transaction amount may not yet be known to the merchant when the authorization request is submittedyou present your card for payment. For example, if I you use my your debit card at a restaurant, a hold will be placed in the an amount of equal to the bill presented to me, you; but when the transaction posts posts, it will include any tip that I you may have added to the bill. This may also be the case where I swipe my you present your debit card for payment at gas stations and stations, hotels and certain other retail establishments. You We cannot control how much a merchant asks us to authorize, or when a merchant submits a transaction for payment. This is a general description of how certain types of transactions are postedtransactions. These practices may change change, and you we reserve the right to pay items in any order you chose we choose as permitted by law. I Merchants or payees may receive present an item multiple deposit times for payment if the initial or subsequent presentment is rejected due to insufficient funds or other reason (representment). Each presentment is considered a separate transaction and withdrawal transactions on my account in many different forms throughout each business day. This means that I may will be charged more than one $28 fee if we pay multiple transactions when my account is overdrawnaccordingly.

ACH Payments. You We receive electronic Automated Clearing House (ACH) transaction data files every day daily from the Federal Reserve with Automated Clearing House or Reserve, which include electronic funds transfers and bill payments. ACH transactionspayments debited from your account are paid in low to high dollar value order. These includeWhen we receive more than one data file, for those ACH payments will also be debited from your account in low to high dollar value order. For example, automatic bill pays I have signed up for. Each day, ACH transactions for my we could process a data file in the morning (debited from your account are grouped together and paid in low to high dollar value order) and then again in the afternoon (debited from your account and paid in low to high dollar value order). • Point of Sale (POS) Debit Card Purchase and Payment Transactions. These are transactions where I you use my your debit card and I you enter my PIN number your Personal Identification Number (PIN) at the time of the saletransaction. They are similar to ATM withdrawals because money is usually deducted from my your account immediately at the time of the transaction. However, some POS transactions are not presented for payment to us immediately; it depends on the merchant. • Signature Point of Sale (POS) Debit Card Purchase and Payment Transactions. These are transactions where I make a purchase with my you use your debit card and I but do not enter my PIN your PIN, but I am instead may be asked to sign for the purchasetransaction. As described above, in these situations, the merchant may seek prior authorization request our preauthorization for the transaction. When that happens, you we generally place a temporary hold against reduce the available funds balance in my account. You refer to this temporary hold as an “authorization hold,” and your account by the amount of the authorization hold will be subtracted from my available balancewe are asked to authorize. Authorizations Debit card signature transaction preauthorizations are deducted from my your available balance but not my your actual balance as they are received by you us throughout each day. At some point after I you sign for the transaction, it is processed by the merchant and submitted to you us for payment. This can happen hours or sometimes days after I you signed for it, depending on the merchant and its processing company. These payment requests transactions are received submitted to us in real time throughout the day and are posted to my your account as they are received. Please noteNote: the The amount of an authorization hold a preauthorization may differ from the actual payment debited from your account, because the final transaction amount may not yet be known to the merchant when the authorization preauthorization request is submitted. For example, if I you use my your card at a restaurant, a hold will be placed in we may authorize and deduct from your available balance the amount of the bill presented to meyou, but when the transaction posts to your account, it will include any tip that I you may have added to the bill. This may also be the case where I swipe my when you use your debit card at gas stations and hotels and other retail establishments. You We cannot control how much a merchant asks us to authorize, or when a merchant submits a transaction for paymentpayment from your account. This is a general description of how certain types of transactions are posted. These practices may change and you reserve the right to pay items in any order you chose as permitted by law. I We may receive multiple deposit and withdrawal transactions on my your account in many different forms throughout each business day. This means Some items are received by us individually and others are received in data file batches. Items that I we receive by data file batch are generally aggregated and processed before the start of the next business day (Monday through Friday, except Federal holidays), first by processing all batched ACH deposits; then by processing all batched ACH payments, and then by processing all batched checks. Other withdrawals such as withdrawals conducted in person, debit card transactions, ATM transactions, telephone transfers, Online Banking transactions and other one-time or recurring electronic funds transfers, Web BillPay and electronic bill payments are processed as they occur and are received. Withdrawal and payment transactions may not be processed in the order that you make them. We may, at our discretion, pay a check, ACH payment, or other item, and execute other transactions on your account in any order we choose. In most cases, we will follow the order set forth in this Agreement and Disclosure. The order in which we process payments and execute other transactions on your account may affect the items that are paid and the total amount of overdrafts in your account. We may choose our order of processing items irrespective of the overdrafts and overdraft fees that may result. A determination of your checking account balance for purposes of making a decision whether to dishonor an item for insufficiency of funds in your available balance may be charged more than made at any time between presentation and our return deadline, with only one $28 fee if we pay multiple transactions when my review of the available account is overdrawnbalance being required.

ACH Payments. You receive data files every day from the Federal Reserve with Automated Clearing House or ACH transactions. These include, for example, automatic bill pays I have signed up for. Each day, ACH transactions for my account are grouped together and paid in low to high dollar value ordervalue. •  Point of Sale (POS) Debit Card Transactions. These are transactions where I use my debit card and I enter my PIN number at the time of the sale. They are similar to ATM withdrawals because money is usually deducted from my account immediately at the time of the transaction. However, some POS transactions are not presented for payment immediately; it depends on the merchant. •  Signature Debit Card Transactions. These are transactions where I make a purchase with my debit card and I do not enter my PIN but I am instead asked to sign for the purchase. As described above, in these situations, the merchant may seek prior authorization for the transaction. When that happens, you generally place a temporary hold against the available funds in my account. You I will refer to this temporary hold as an the section below entitled “authorization hold,Authorization Holds for Debit Card Transactions” and the amount of the authorization hold will be subtracted from my available balance. Authorizations are deducted from my available balance but not my actual balance as they are received by you throughout each dayfor additional information regarding such holds. At some point after I sign for the transaction, it is processed by the merchant and submitted to you for payment. This can happen hours or sometimes days after I signed for it, depending on the merchant and its processing company. These payment requests are received in real time throughout the day and are posted to my account as they are received. Please note: the amount of an authorization hold may differ from the actual payment because the final transaction amount may not yet be known to the merchant when the authorization request is submitted. For example, if I use my card at a restaurant, a hold will be placed in the amount of the bill presented to me, but when the transaction posts it will include any tip that I may have added to the bill. This may also be the case where I swipe my debit card at gas stations and hotels and other retail establishments. You cannot control how much a merchant asks us to authorize, or when a merchant submits a transaction for payment. This The foregoing is a general description of how certain types of transactions are posted. These practices may change and you reserve the right to pay items in any order you chose choose as permitted by law. The amount of an authorization hold may differ from the actual transaction amount because the actual transaction amount may not yet be known to the merchant when the authorization request is submitted. For example, this can happen in connection with transactions where my debit card is swiped before my actual transaction amount is known, such as at a restaurant or gas station (e.g., at a restaurant, I may choose to add a tip to the transaction amount). For these types of transactions, there may be no authorization hold, or the amount of the authorization hold may be different from the transaction amount. In some other cases you may not receive multiple deposit an authorization request from the merchant, and withdrawal transactions there will be no authorization hold reflected in my available balance. You cannot control how much a merchant asks you to authorize, or when a merchant submits a transaction for payment. You are permitted to place an authorization hold on my account for up to three (3) business days (or for up to thirty (30) business days for certain types of debit card transactions) from the time of the authorization or until the transaction is paid from my account. However, if the transaction is not submitted for payment, you will release the authorization hold, which will increase my available balance until the transaction is submitted for payment by the merchant and finally posted to my account. If this happens, you must honor the prior authorization and will pay the transaction from my account. In certain instances, when the amount of the authorization hold is either more or less than the amount of the actual transaction, you may maintain the authorization hold even after the purchase amount is actually paid from my account. However, in many different forms throughout each these instances, you will not maintain an authorization hold for longer than three (3) business day. This means that I may be charged more than one $28 fee if we pay multiple transactions when my account is overdrawndays (or for up thirty (30) business days for certain transactions).

ACH Payments. You We receive electronic Automated Clearing house (ACH) transaction data files every day daily from the Federal Reserve with Automated Clearing House or Reserve, which include electronic funds transfers and bill payments. ACH transactionspayments debited from your account are paid in low to high dollar value order. These includeWhen we receive more than one data file, for those ACH payments will also be debited from your account in low to high dollar value order. For example, automatic bill pays I have signed up for. Each day, ACH transactions for my we could process a data file in the morning (debited from your account are grouped together and paid in low to high dollar value order) and then again in the afternoon (debited from your account and paid in low to high dollar value order). • Point of Sale (POS) Debit Card Purchase and Payment Transactions. These are transactions where I you use my your debit card and I you enter my PIN number your Personal Identification Number (PIN) at the time of the saletransaction. They are similar to ATM withdrawals because money is usually deducted from my your account immediately at the time of the transaction. However, some POS transactions are not presented for payment to us immediately; it depends on the merchant. • Signature Point of Sale (POS) Debit Card Purchase and Payment Transactions. These are transactions where I make a purchase with my you use your debit card and I but do not enter my PIN your PIN, but I am instead may be asked to sign for the purchasetransaction. As described above, in these situations, the merchant may seek request our prior authorization for the transaction. When that happens, you we generally place a temporary hold against reduce the available funds balance in my account. You refer to this temporary hold as an “authorization hold,” and your account by the amount of the authorization hold will be subtracted from my available balancewe are asked to authorize. Authorizations Debit card signature transaction authorizations are deducted from my your available balance but not my your actual balance as they are received by you us throughout each day. At some point after I you sign for the transaction, it is processed by the merchant and submitted to you us for payment. This can happen hours or sometimes days after I you signed for it, depending on the merchant and its processing company. These payment requests transactions are received submitted to us in real time throughout the day and are posted to my your account as they are received. Please noteNote: the The amount of an authorization hold may differ from the actual payment debited from your account, because the final transaction amount may not yet be known to the merchant when the authorization request is submitted. For example, if I you use my your card at a restaurant, a hold will be placed in we may authorize and deduct from your available balance the amount of the bill presented to meyou, but when the transaction posts to your account, it will include any tip that I you may have added to the bill. This may also be the case where I when you swipe my your debit card at gas stations and hotels and other retail establishments. You We cannot control how much a merchant asks us to authorize, or when a merchant submits a transaction for paymentpayment from your account. This is a general description of how certain types of transactions are posted. These practices may change and you reserve the right to pay items in any order you chose as permitted by law. I We may receive multiple deposit and withdrawal transactions on my your account in many different forms throughout each business day. This means Some items are received by us individually and others are received in data file batches. Items that I we receive by data file batch are generally aggregated and processed before the start of the next business day (Monday through Friday, except Federal holidays), first by processing all batched ACH deposits; then by processing all batched ACH payments, and then by processing all batched checks. Other withdrawals such as withdrawals conducted in person, debit card transactions, ATM transactions, telephone transfers, Online Banking transactions and other one-time or recurring electronic funds transfers, Web BillPay and electronic bill payments are processed as they occur and are received. Withdrawal and payment transactions may not be processed in the order that you make them. We may, at our discretion, pay a check, ACH payment, or other item, and execute other transactions on your account in any order we choose. In most cases, we will follow the order set forth in this Agreement and Disclosure. The order in which we process payments and execute other transactions on your account may affect the items that are paid and the total amount of overdrafts in your account. We may choose our order of processing items irrespective of the overdrafts and overdraft fees that may result. A determination of your checking account balance for purposes of making a decision whether to dishonor an item for insufficiency of funds in your available balance may be charged more than made at any time between presentation and our return deadline, with only one $28 fee if we pay multiple review of the available account balance being required. The best way to know how much money you have and avoid paying overdraft fees is to record and track all of your transactions when my account is overdrawnclosely.

ACH Payments. You We receive data files every day from the Federal Reserve with Automated Clearing House or ACH (ACH) transactions. These include, for example, automatic bill pays I payments you have signed up forauthorized. Each day, ACH transactions for my your account are grouped together and paid in posted throughout the day from low to high dollar value ordervalue. • Point of Sale (POS) PIN-Based Debit Card Purchase Transactions. These are purchase transactions where I use my using your debit card and I for which a merchant may require you to enter my PIN your personal identification number (PIN) at the time of the sale. They are similar to ATM withdrawals processed through a PIN debit network. These transactions are like ATM/ATM+ withdrawal transactions because the money is usually deducted from my your account immediately at the time of the transaction. However, some POS transactions are not presented for payment immediately; it depends depending on the merchant, a PIN-based transaction may not be immediately presented for payment. • Signature Signature-Based Debit Card Purchase Transactions. These are purchase transactions where I make a purchase with my using your debit card and I do not enter my PIN but I am instead asked to that are processed through a signature-based network. Rather than entering a PIN, you typically sign for the purchase; however, merchants may not require your signature for certain transactions. As described above, in these situations, the merchant Merchants may seek prior authorization for the transactionthese types of transactions. When that happens, you generally place The authorization request places a temporary hold against the available on funds in my accountyour account when the authorization is completed. You refer to this temporary hold as an The “authorization hold,” and will reduce your available balance by the amount of the authorization hold authorized but will be subtracted from my available not affect your actual balance. Authorizations are deducted from my available balance but not my actual balance as they are received by you throughout each day. At some point after I sign for the transaction, it The transaction is subsequently processed by the merchant and submitted to you us for payment. This can happen hours or sometimes days after I signed for itthe transaction, depending on the merchant and its processing companypayment processor. These payment requests are received in real time throughout the day and are posted to my your account as when they are received. Please note: the The amount of an authorization hold may differ from the actual payment because the final transaction amount may not yet be known to the merchant when the authorization request is submittedyou present your card for payment. For example, if I you use my your debit card at a restaurant, a hold will be placed in the an amount of equal to the bill presented to me, you; but when the transaction posts posts, it will include any tip that I you may have added to the bill. This may also be the case where I swipe my you present your debit card for payment at gas stations and stations, hotels and certain other retail establishments. You We cannot control how much a merchant asks us to authorize, or when a merchant submits a transaction for payment. This is a general description of how certain types of transactions are postedtransactions. These practices may change change, and you we reserve the right to pay items in any order you chose we choose as permitted by law. I Merchants or payees may receive present an item multiple deposit times for payment if the initial or subsequent presentment is rejected due to insufficient funds or other reason (representment). Each presentment is considered a separate transaction and withdrawal transactions on my account in many different forms throughout each business day. This means that I may will be charged more than one $28 fee if we pay multiple transactions when my account is overdrawnaccordingly.

ACH Payments. You We receive data files every day from the Federal Reserve with Automated Clearing House or ACH (ACH) transactions. These include, for example, automatic bill pays I xxxx payments you have signed up forauthorized. Each day, ACH transactions for my your account are grouped together and paid posted throughout the day in low to high dollar value orderorder of receipt. • Point of Sale (POS) ● PIN-Based Debit Card Purchase Transactions. These are purchase transactions where I use my using your debit card and I for which a merchant may require you to enter my PIN your personal identification number (PIN) at the time of the sale. They are processed through a PIN debit network. These transactions are similar to ATM withdrawals withdrawal transactions because the money is usually deducted from my your account immediately at the time of the transaction. However, some POS transactions are not presented for payment immediately; it depends depending on the merchant, a PIN-based transaction may not be immediately presented for payment. • Signature ● Signature-Based Debit Card Purchase Transactions. These are purchase transactions where I make a purchase with my using your debit card and I do not enter my PIN but I am instead asked to that are processed through a signature-based network. Rather than entering a PIN, you typically sign for the purchase; however, merchants may not require your signature for certain transactions. As described above, in these situations, the merchant Merchants may seek prior authorization for the transactionthese types of transactions. When that happens, you generally place The authorization request places a temporary hold against the available on funds in my accountyour account when the authorization is completed. You refer to this temporary hold as an “The "authorization hold,” and " will reduce your available balance by the amount of the authorization hold authorized but will be subtracted from my available not affect your actual balance. Authorizations are deducted from my available balance but not my actual balance as they are received by you throughout each day. At some point after I sign for the transaction, it The transaction is subsequently processed by the merchant and submitted to you us for payment. This can happen hours or sometimes days after I signed for itthe transaction, depending on the merchant and its processing companypayment processor. These payment requests are received in real time lime throughout the day and are posted to my your account as when they are received. Please note: the The amount of an authorization hold may differ from the actual payment because the final transaction amount may not yet be known to the merchant when the authorization request is submittedyou present your card for payment. For example, if I you use my your debit card at a restaurant, a hold will be placed in an amount equal to the amount of the bill xxxx presented to me, you; but when the transaction posts it posts, ii will include any tip lip that I you may have added to the billxxxx. This may also be the case where I swipe my you present your debit card for payment at gas stations and stations, hotels and certain other retail establishments. You We cannot control how much a merchant asks us to authorize, or when a merchant submits a transaction for payment. This is a general description of how certain types of transactions are postedtransactions. These practices may change change, and you we reserve the right to pay items in any order you chose we choose as permitted by law. I may receive multiple deposit and withdrawal transactions on my account in many different forms throughout each business day. This means that I may be charged more than one $28 fee if we pay multiple transactions when my account is overdrawn.

ACH Payments. You receive data files every day from the Federal Reserve with Automated Clearing House or ACH transactions. These include, for example, automatic bill pays I have signed up for. Each day, ACH transactions for my account are grouped together and paid in low to high dollar value ordervalue. • Point of Sale (POS) Debit Card Transactions. These are transactions where I use my debit card and I enter my PIN number at the time of the sale. They are similar to ATM withdrawals because money is usually deducted from my account immediately at the time of the transaction. However, some POS transactions are not presented for payment immediately; it depends on the merchant. • Signature Debit Card Transactions. These are transactions where I make a purchase with my debit card and I do not enter my PIN but I am instead asked to sign for the purchase. As described above, in these situations, the merchant may seek prior authorization for the transaction. When that happens, you generally place a temporary hold against the available funds in my account. You I will refer to this temporary hold as an the section below entitled “authorization hold,Authorization Holds for Debit Card Transactions” and the amount of the authorization hold will be subtracted from my available balance. Authorizations are deducted from my available balance but not my actual balance as they are received by you throughout each dayfor additional information regarding such holds. At some point after I sign for the transaction, it is processed by the merchant and submitted to you for payment. This can happen hours or sometimes days after I signed for it, depending on the merchant and its processing company. These payment requests are received in real time throughout the day and are posted to my account as they are received. Please note: the amount of an authorization hold may differ from the actual payment because the final transaction amount may not yet be known to the merchant when the authorization request is submitted. For example, if I use my card at a restaurant, a hold will be placed in the amount of the bill presented to me, but when the transaction posts it will include any tip that I may have added to the bill. This may also be the case where I swipe my debit card at gas stations and hotels and other retail establishments. You cannot control how much a merchant asks us to authorize, or when a merchant submits a transaction for payment. This The foregoing is a general description of how certain types of transactions are posted. These practices may change and you reserve the right to pay items in any order you chose choose as permitted by law. The amount of an authorization hold may differ from the actual transaction amount because the actual transaction amount may not yet be known to the merchant when the authorization request is submitted. For example, this can happen in connection with transactions where my debit card is swiped before my actual transaction amount is known, such as at a restaurant or gas station (e.g., at a restaurant, I may choose to add a tip to the transaction amount). For these types of transactions, there may be no authorization hold, or the amount of the authorization hold may be different from the transaction amount. In some other cases you may not receive multiple deposit an authorization request from the merchant, and withdrawal transactions there will be no authorization hold reflected in my available balance. You cannot control how much a merchant asks you to authorize, or when a merchant submits a transaction for payment. You are permitted to place an authorization hold on my account for up to three (3) business days (or for up to thirty (30) business days for certain types of debit card transactions) from the time of the authorization or until the transaction is paid from my account. However, if the transaction is not submitted for payment, you will release the authorization hold, which will increase my available balance until the transaction is submitted for payment by the merchant and finally posted to my account. If this happens, you must honor the prior authorization and will pay the transaction from my account. In certain instances, when the amount of the authorization hold is either more or less than the amount of the actual transaction, you may maintain the authorization hold even after the purchase amount is actually paid from my account. However, in many different forms throughout each these instances, you will not maintain an authorization hold for longer than three (3) business day. This means that I may be charged more than one $28 fee if we pay multiple transactions when my account is overdrawndays (or for up thirty (30) business days for certain transactions).