Common use of Authorization Holds Clause in Contracts

Authorization Holds. We and/or some merchants may request preauthorization for a Cash Advance and/or purchases in the transaction amount plus an estimated additional amount to ensure there are sufficient funds available to cover tips or incidental expenses incurred. Such a preauthorization request may result in a “hold” on your available Card funds in the amount the merchant submits for preauthorization (“Authorization Hold”). Once the final amount of the transaction is determined and has been processed and settled, your Card will be debited for such amount and the Authorization Hold will be removed. During the period of any Authorization Hold, the Card funds that are subject to the Authorization Hold will generally not be available for other Card transactions. We will have no liability to you in the event we decline any Card transaction because an Authorization Hold is in place. We reserve the right to release, in our discretion, any Authorization Hold in order to make funds available for other Card transactions, and if we do so we will have no liability to you if we subsequently reject the transaction corresponding to the Authorization Hold due to insufficient Card Funds. We will have no liability to you in the event any merchant delays or fails to complete the final processing of any Card transaction that corresponds to an Authorization Hold, and/or in the event any merchant requests an Authorization Hold in error. In general, we will not be responsible for any transactions generated in error by merchants, processing agencies, or any other third parties not under our control, except as may be required under applicable law. During the period of any Authorization Hold the Card balance reported to you might not reflect that the Authorization Hold is or was in place because available balances are sometimes based on actual debits or credits to your Card rather than on Authorization Holds. You are responsible for knowing when you have initiated a Card transaction that might result in an Authorization Hold and for managing other Card transactions accordingly during the period of an Authorization Hold. Merchants that typically apply Authorization Holds are listed below. Please note that this list is in no way exhaustive and you are subject to any Authorization Holds applied in connection with the use of the Card, whether or not they are listed below. Merchant Authorization Holds Fuel Pumps Hold amount may apply until finalized purchase is posted to the Card Restaurants, Hotels, travel and Entertainment Hold amount may apply until finalized purchase is posted to the Card

Authorization Holds. We and/or some When you use your SECU Visa Gift Card to pay for goods or services, certain merchants may request preauthorization for a Cash Advance and/or purchases in ask us to authorize the transaction in advance and may estimate its final value. When we authorize the transaction, we commit to make the requested funds available when the transaction finally settles and may place a temporary hold on your Card’s available balance for the amount plus submitted by the merchant. We will only post the correct amount of the final transaction to your Card. Until the transaction finally settles or 3 business days have passed, whichever occurs first, the funds subject to the authorization hold will not be available to you for other purposes. An exception to this rule is that authorizations from hotels are held for 10 business days. Some merchants may also add an amount (such as an estimated additional amount tip) to ensure there are that sufficient funds will be available to cover tips the final transaction; therefore, the authorization hold may be more or incidental expenses incurredless than the final transaction amount. Such If the amount of the authorization request exceeds the available funds on your Card, the transaction may be declined. We are not responsible if we do not authorize or pay subsequent Card transactions while such an authorization hold is in place on the available balance. The merchant still has the authority to post the transaction after the authorization has expired if an authorization was initially obtained. In addition, if you commence a preauthorization request purchase and the merchant obtains an authorization and then you cancel the purchase without completing it, the authorization may result in a “hold” on your available Card temporary hold for that amount of funds for 3 business days or 10 days in the amount the merchant submits for preauthorization (“Authorization Hold”)case of a hotel authorization. Once the final amount of the transaction is determined and IF YOUR CARD IS LOST OR STOLEN You must notify us AT ONCE if you believe your SECU Visa Gift Card has been processed and settledlost, stolen, or that someone has used or may use your Card will be debited without your permission, by calling 0-000-000-0000. You may write us at: Cardholder Services, P. O. Box 7 2 3 5 , S io ux Fa l l s , SD 57 117 - 7235 . See "Your Liability for such amount and the Authorization Hold will be removed. During the period Unauthorized Use of Your Card." You agree to cooperate with us in our investigation of any Authorization Hold, possible unauthorized use of your SECU Visa Gift Card. FEES Initial Issuance Fee $2.00 when purchased at an SECU branch $3.50 when purchased on the SECU website Card funds that are subject to Inactivity Fee $1.00/month after 12 months of no activity* Card Replacement Fee $8.00** *Activity includes the Authorization Hold will generally not be available for other Card transactions. We will have no liability to you in the event we decline any Card transaction because an Authorization Hold is in place. We reserve the right to release, in our discretion, any Authorization Hold in order to make funds available for other Card transactions, and if we do so we will have no liability to you if we subsequently reject the transaction corresponding to the Authorization Hold due to insufficient Card Funds. We will have no liability to you in the event any merchant delays or fails to complete the final processing of any Card transaction that corresponds to an Authorization Hold, and/or in the event any merchant requests an Authorization Hold in error. In general, we will not be responsible for any transactions generated in error by merchants, processing agencies, or any other third parties not under our control, except as may be required under applicable law. During the period of any Authorization Hold the Card balance reported to you might not reflect that the Authorization Hold is or was in place because available balances are sometimes based on actual debits or credits to your Card rather than on Authorization Holds. You are responsible for knowing when you have initiated a Card transaction that might result in an Authorization Hold and for managing other Card transactions accordingly during the period of an Authorization Hold. Merchants that typically apply Authorization Holds are listed below. Please note that this list is in no way exhaustive and you are subject to any Authorization Holds applied in connection with the use purchase of the Card, whether or not they are listed below. Merchant Authorization Holds Fuel Pumps Hold amount may apply until finalized purchase is posted to and use of the Card Restaurantsto purchase goods and services. Activity does not include: the imposition of fees; an adjustment due to an error; a reversal of a prior transaction; replacement of an expired, Hotelslost, travel or stolen Card; balance inquiries, and Entertainment Hold amount may apply until finalized purchase incomplete transactions. **There is posted to the Cardno fee for replacing an expired Card with a remaining balance of $20.00 or more.

Authorization Holds. We and/or some Some merchants may request preauthorization for a Cash Advance and/or purchases Card transaction in the transaction purchase amount plus an estimated additional amount to ensure there are sufficient funds available to cover tips or incidental expenses incurredincurred with that transaction. Such a preauthorization request may result in a “hold” on your available Card funds in the amount the merchant submits for preauthorization (“Authorization Hold”). Once the final amount of the transaction is determined and has been processed and settled, your Card will be debited for such amount and the Authorization Hold will be removed. During the period of any Authorization Hold, the Card funds that are subject to the Authorization Hold will generally not be available for other Card transactions. We will have no liability to you in the event we decline any Card transaction because an Authorization Hold is in place. We reserve the right to release, in our discretion, any Authorization Hold in order to make funds available for other Card transactionstransactions and, and unless otherwise provided by law, if we do so we will have no liability to you if we subsequently reject the transaction corresponding to the Authorization Hold due to insufficient Card Fundsfunds. We will have no liability to you in the event any merchant delays or fails to complete the final processing of any Card transaction that corresponds to an Authorization Hold, and/or in the event any merchant requests an Authorization Hold in error. In general, we will not be responsible for any transactions generated in error by merchants, processing agencies, or any other third parties not under our control, except as may be required under applicable law. During the period of any Authorization Hold Hold, the Card balance reported to you might not reflect that the Authorization Hold is or was in place because available balances are sometimes based on actual debits or credits to your Card rather than on Authorization Holds. You are responsible for knowing when you have initiated a Card transaction that might result in an Authorization Hold and for managing other Card transactions accordingly during the period of an Authorization Hold. Merchants that typically apply Authorization Holds are listed below. Please note that this list is in no way exhaustive and you are subject to any Authorization Holds applied in connection with the use of the Card, whether or not they are listed below. Merchant Authorization Holds Fuel Pumps Hold amount may apply until finalized purchase is posted to the Card Restaurants, Hotels, travel and Entertainment Hold amount may apply until finalized purchase is posted to the Card.

Authorization Holds. We and/or some merchants may request preauthorization for a Cash Advance and/or purchases Card transaction in the transaction purchase amount plus an estimated additional amount to ensure there are sufficient funds available to cover tips or incidental expenses incurred. Such a preauthorization request may result in a “hold” on your available Card funds in the amount the merchant submits for preauthorization (“Authorization Hold”). Once the final amount of the transaction is determined and has been processed and settled, your Card will be debited for such amount and the Authorization Hold will be removed. During the period of any Authorization Hold, the Card funds that are subject to the Authorization Hold will generally not be available for other Card transactions. We will have no liability li- ability to you in the event we decline any Card transaction because an Authorization Hold is in place. We reserve the right to release, in our discretion, any Authorization Hold in order to make funds available for other Card transactions, and if we do so we will have no liability to you if we subsequently reject the transaction corresponding correspon- ding to the Authorization Hold due to insufficient Card Funds. We will have no liability to you in the event any merchant delays or fails to complete the final processing of any Card transaction that corresponds to an Authorization Author- ization Hold, and/or in the event any merchant requests an Authorization Hold in error. In general, we will not be responsible for any transactions generated in error by merchants, processing agencies, or any other third parties not under our control, except as may be required under applicable law. During the period of any Authorization Hold the Card balance reported to you might not reflect that the Authorization Hold is or was in place because available balances are sometimes based on actual debits or credits to your Card rather than on Authorization Holds. You are responsible for knowing when you have initiated a Card transaction that might result in an Authorization Au- thorization Hold and for managing other Card transactions accordingly during the period of an Authorization Hold. Merchants that typically apply Authorization Holds are listed below. Please note that this list is in no way exhaustive and you are subject to any Authorization Holds applied in connection with the use of the Card, whether or not they are listed below. Merchant Authorization Holds Fuel Pumps Hold amount may apply until finalized purchase is posted to the Card Restaurants, Hotels, travel and Entertainment Hold amount may apply until finalized purchase is posted to the Card.

Authorization Holds. We and/or some When you use your SECU Visa Gift Card to pay for goods or services, certain merchants may request preauthorization for a Cash Advance and/or purchases in ask us to authorize the transaction in advance and may estimate its final value. When we authorize the transaction, we commit to make the requested funds available when the transaction finally settles and may place a temporary hold on your Card’s available balance for the amount plus submitted by the merchant. We will only post the correct amount of the final transaction to your Card. Until the transaction finally settles or 3 business days have passed, whichever occurs first, the funds subject to the authorization hold will not be available to you for other purposes. An exception to this rule is that authorizations from hotels are held for 10 business days. Some merchants may also add an amount (such as an estimated additional amount tip) to ensure there are that sufficient funds will be available to cover tips the final transaction; therefore, the authorization hold may be more or incidental expenses incurredless than the final transaction amount. Such If the amount of the authorization request exceeds the available funds on your Card, the transaction may be declined. We are not responsible if we do not authorize or pay subsequent Card transactions while such an authorization hold is in place on the available balance. The merchant still has the authority to post the transaction after the authorization has expired if an authorization was initially obtained. In addition, if you commence a preauthorization request purchase and the merchant obtains an authorization and then you cancel the purchase without completing it, the authorization may result in a “hold” on your available Card temporary hold for that amount of funds for 3 business days or 10 days in the amount the merchant submits for preauthorization (“Authorization Hold”)case of a hotel authorization. Once the final amount of the transaction is determined and IF YOUR CARD IS LOST OR STOLEN You must notify us AT ONCE if you believe your SECU Visa Gift Card has been processed and settledlost, stolen, or that someone has used or may use your Card will be debited without your permission, by calling 0-000-000-0000. You may write us at: Cardholder Services, P. O. Box 7 2 3 5 , S i o u x F a l l s , S D 57 11 7 - 72 35 . See "Your Liability for such amount and the Authorization Hold will be removed. During the period Unauthorized Use of Your Card." You agree to cooperate with us in our investigation of any Authorization Hold, possible unauthorized use of your SECU Visa Gift Card. FEES Initial Issuance Fee $2.00 when purchased at an SECU branch $3.50 when purchased on the SECU website Card funds that are subject to Inactivity Fee $1.00/month after 12 months of no activity* Card Replacement Fee $8.00** *Activity includes the Authorization Hold will generally not be available for other Card transactions. We will have no liability to you in the event we decline any Card transaction because an Authorization Hold is in place. We reserve the right to release, in our discretion, any Authorization Hold in order to make funds available for other Card transactions, and if we do so we will have no liability to you if we subsequently reject the transaction corresponding to the Authorization Hold due to insufficient Card Funds. We will have no liability to you in the event any merchant delays or fails to complete the final processing of any Card transaction that corresponds to an Authorization Hold, and/or in the event any merchant requests an Authorization Hold in error. In general, we will not be responsible for any transactions generated in error by merchants, processing agencies, or any other third parties not under our control, except as may be required under applicable law. During the period of any Authorization Hold the Card balance reported to you might not reflect that the Authorization Hold is or was in place because available balances are sometimes based on actual debits or credits to your Card rather than on Authorization Holds. You are responsible for knowing when you have initiated a Card transaction that might result in an Authorization Hold and for managing other Card transactions accordingly during the period of an Authorization Hold. Merchants that typically apply Authorization Holds are listed below. Please note that this list is in no way exhaustive and you are subject to any Authorization Holds applied in connection with the use purchase of the Card, whether or not they are listed below. Merchant Authorization Holds Fuel Pumps Hold amount may apply until finalized purchase is posted to and use of the Card Restaurantsto purchase goods and services. Activity does not include: the imposition of fees; an adjustment due to an error; a reversal of a prior transaction; replacement of an expired, Hotelslost, travel or stolen Card; balance inquiries, and Entertainment Hold amount may apply until finalized purchase incomplete transactions. **There is posted to the Cardno fee for replacing an expired Card with a remaining balance of $20.00 or more.

Authorization Holds. We and/or some merchants may request preauthorization for a Cash Advance and/or purchases Card transaction in the transaction purchase amount plus an estimated additional amount to ensure there are sufficient funds available to cover tips or incidental expenses incurred. Such a preauthorization request may result in a “hold” on your available Card funds in the amount the merchant submits for preauthorization (“Authorization Hold”). Once the final amount of the transaction is determined and has been processed and settled, your Card will be debited for such amount and the Authorization Hold will be removed. During the period of any Authorization Hold, the Card funds that are subject to the Authorization Hold will generally not be available for other Card transactions. We will have no liability to you in the event we decline any Card transaction because an Authorization Hold is in place. We reserve the right to release, in our discretion, any Authorization Hold in order to make funds available for other Card transactions, and if we do so we will have no liability to you if we subsequently reject the transaction corresponding to the Authorization Hold due to insufficient Card Funds. We will have no liability to you in the event any merchant delays or fails to complete the final processing of any Card transaction that corresponds to an Authorization Hold, and/or in the event any merchant requests an Authorization Hold in error. In general, we will not be responsible for any transactions generated in error by merchants, processing agencies, or any other third parties not under our control, except as may be required under applicable law. During the period of any Authorization Hold the Card balance reported to you might not reflect that the Authorization Hold is or was in place because available balances are sometimes based on actual debits or credits to your Card rather than on Authorization Holds. You are responsible for knowing when you have initiated a Card transaction that might result in an Authorization Hold and for managing other Card transactions accordingly during the period of an Authorization Hold. Merchants that typically apply Authorization Holds are listed below. Please note that this list is in no way exhaustive and you are subject to any Authorization Holds applied in connection with the use of the Card, whether or not they are listed below. Merchant Authorization Holds Fuel Pumps Hold amount may apply until finalized purchase is posted to the Card Restaurants, Hotels, travel and Entertainment Entrainment Hold amount may apply until finalized purchase is posted to the Card

Authorization Holds. We and/or When you use your Card to pay for goods or services at certain merchants or to reserve some merchants types of goods or services, we may request preauthorization for or the merchant may ask us to preauthorize the Cardholder Transaction and may estimate its final value. If we preauthorize the Cardholder Transaction, we will place a Cash Advance and/or purchases in the transaction amount plus an estimated additional amount to ensure there are sufficient funds available to cover tips temporary use restriction or incidental expenses incurred. Such a preauthorization request may result in a “hold” on your available Card Card’s funds for the estimated amount of the Cardholder Transaction. IMPORTANT—in many instances the amount of the merchant submits for preauthorization estimated Cardholder Transaction may exceed the amount of the actual final Cardholder Transaction. By way of example, a purchase at a restaurant may result in an estimated Cardholder Transaction of the purchase price and an estimated gratuity (“Authorization Hold”tip) of twenty percent (20%). Once When settlement for the final amount of the transaction is determined Cardholder Transaction occurs, any hold will be released and has been processed and settled, your Card balance will be debited for such reduced in an amount and the Authorization Hold will be removed. During the period of any Authorization Hold, the Card funds that are subject corresponding to the Authorization Hold will generally not be available for other Card transactionsfinal Cardholder Transaction amount. We will have no liability In addition, some merchants may add an amount to you in the event we decline any Card transaction because an Authorization Hold is in place. We reserve the right to release, in our discretion, any Authorization Hold Cardholder Transaction in order to make ensure sufficient funds will be available for other Card transactions, and if we do so we will have no liability to you if we subsequently reject the transaction corresponding to the Authorization Hold due to insufficient Card Funds. We will have no liability to you in the event any merchant delays or fails to complete cover the final processing of any Card transaction that corresponds to an Authorization Hold, and/or in Cardholder Transaction. If the event any merchant requests an Authorization Hold in error. In general, we will not be responsible for any transactions generated in error by merchants, processing agencies, or any other third parties not under our control, except as may be required under applicable law. During the period of any Authorization Hold the Card balance reported to you might not reflect that the Authorization Hold is or was in place because available balances are sometimes based on actual debits or credits to your Card rather than on Authorization Holds. You are responsible for knowing when you have initiated a Card transaction that might result in an Authorization Hold and for managing other Card transactions accordingly during the period of an Authorization Hold. Merchants that typically apply Authorization Holds are listed below. Please note that this list is in no way exhaustive and you are subject to any Authorization Holds applied in connection with the use amount of the authorization request exceeds the value on your Card, whether or not they are listed belowthen the Cardholder Transaction is likely to be declined. Merchant Authorization Holds Fuel Pumps Hold amount may apply until finalized purchase is posted to the Card RestaurantsTHE DURATION OF A HOLD WILL NORMALLY BE SEVEN (7) DAYS OR LESS, HotelsBUT CERTAIN CATEGORIES OF MERCHANTS, travel and Entertainment Hold amount may apply until finalized purchase is posted to the CardSUCH AS RENTAL CAR COMPANIES AND HOTELS, MAY CAUSE A HOLD ON YOUR AVAILABLE BALANCE FOR UP TO THIRTY (30) DAYS. UNTIL THE FINAL AMOUNT OF THE CARDHOLDER TRANSACTION IS DETERMINED OR UNTIL WE DETERMINE THAT THE CARDHOLDER TRANSACTION IS UNLIKELY TO BE PROCESSED, THE FUNDS SUBJECT TO THE HOLD WILL NOT BE AVAILABLE FOR OTHER USE. ONCE THE FINAL CARDHOLDER TRANSACTION AMOUNT IS DETERMINED, WE WILL CHARGE YOUR CARD ONLY FOR THE AMOUNT OF THE FINAL CARDHOLDER TRANSACTION AND WE WILL RELEASE ANY EXCESS AMOUNT FROM THE HOLD AT THAT TIME. IN ADDITION, IF YOU BEGIN A PURCHASE AND THE MERCHANT OBTAINS AN AUTHORIZATION, AND THEN YOU CANCEL THE PURCHASE WITHOUT COMPLETING IT, THE AUTHORIZATION MAY RESULT IN A TEMPORARY “HOLD” FOR THE AMOUNT OF THE PURCHASE FOR AT LEAST SEVEN (7) DAYS. BY USING YOUR CARD, YOU ACKNOWLEDGE AND AGREE THAT WE MAY PLACE A HOLD ON YOUR CARD AS INDICATED ABOVE.

Authorization Holds. We and/or some merchants may request preauthorization for a Cash Advance and/or purchases Card transaction in the transaction purchase amount plus an estimated additional amount to ensure there are sufficient funds available to cover tips or incidental expenses incurred. Such a preauthorization request may result in a “hold” on your available Card funds in the amount the merchant submits for preauthorization (“Authorization Hold”). Once the final amount of the transaction is determined and has been processed and settled, your Card will be debited for such amount and the Authorization Hold will be removed. During the period of any Authorization Hold, the Card funds that are subject to the Authorization Hold will generally not be available for other Card transactions. We will have no liability li- ability to you in the event we decline any Card transaction because an Authorization Hold is in place. We reserve the right to release, in our discretion, any Authorization Hold in order to make funds available for other Card transactions, and if we do so we will have no liability to you if we subsequently reject the transaction corresponding to the Authorization Hold due to insufficient Card Funds. We will have no liability to you in the event any merchant delays or fails to complete the final processing of any Card transaction that corresponds to an Authorization Hold, and/or in the event any merchant requests an Authorization Hold in error. In general, we will not be responsible for any transactions generated in error by merchants, processing agencies, or any other third parties not under our control, except as may be required under applicable law. During the period of any Authorization Hold the Card balance reported to you might not reflect that the Authorization Hold is or was in place because available balances are sometimes based on actual debits or credits to your Card rather than on Authorization Holds. You are responsible for knowing when you have initiated a Card transaction that might result in an Authorization Hold and for managing other Card transactions accordingly during the period of an Authorization Hold. Merchants that typically apply Authorization Holds are listed below. Please note that this list is in no way exhaustive and you are subject to any Authorization Holds applied in connection with the use of the Card, whether or not they are listed below. Merchant Authorization Holds Fuel Pumps Hold amount may apply until finalized purchase is posted to the Card Restaurants, Hotels, travel and Entertainment Hold amount may apply until finalized purchase is posted to the Card

Authorization Holds. We and/or some merchants (e.g., restaurants and other merchants who accept gratuities, gas stations, or hotels) may request preauthorization for a Cash Advance and/or purchases Card transaction in the transaction purchase amount plus an estimated additional amount to ensure there are sufficient funds available to cover tips tips, incidental expenses, or incidental expenses incurredthe estimated final purchase amount. Such a preauthorization request may result in a “hold” on your available Card funds in the amount the merchant submits submit- xxx for preauthorization (“Authorization Hold”). Once the final amount of the transaction is determined and has been processed and settled, your Card will be debited for such final amount and the Authorization Hold will be removed. During the period of any Authorization Hold, the Card funds that are subject to the Authorization Hold will generally not be available for other Card transactions. We will have no liability to you in the event we decline any Card transaction because an Authorization Hold is in place. We reserve the right to release, in our discretionsole discre- tion, any Authorization Hold in order to make funds available for other Card transactions, and if we do so we will have no liability to you if we subsequently reject the transaction corresponding to the Authorization Hold due to insufficient Card Fundsfunds. We will have no liability to you in the event any merchant delays or fails to complete the final processing process- ing of any Card transaction that corresponds to an Authorization Hold, and/or in the event any merchant requests an Authorization Hold in error. In general, we will not be responsible for any transactions generated in error by merchants, processing agencies, or any other third parties not under our control, except as may be required under applicable law. During the period of any Authorization Hold the Card balance reported to you might not reflect that the Authorization Hold is or was in place because available balances are sometimes based on actual debits or credits to your Card rather than on Authorization Holds. You are responsible for knowing when you have initiated a Card transaction that might result in an Authorization Hold and for managing other Card transactions accordingly during the period of an Authorization Authoriza- tion Hold. Merchants that typically apply Authorization Holds are listed below. Please note that this list is in no way exhaustive and you are subject to any Authorization Holds applied in connection with the use of the Card, whether or not they are listed below. Merchant Authorization Holds Fuel Pumps Hold amount may apply until finalized purchase is posted to the Card Restaurants, Hotels, travel and Entertainment Hold amount may apply until finalized purchase is posted to the Card.