Common use of Availability of a Deposit Clause in Contracts

Availability of a Deposit. The length of the hold is counted in business days from the day of your deposit. Every day is a business day, except Saturdays, Sundays and Federal holidays. If you make a deposit at the Credit Union branch during regular branch hours on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after branch hours or on a non-business day, we may consider that the deposit was made on the next business day we are open. The length of the hold varies depending on the type of deposit and is explained below. Same Day Availability – Funds from the following deposits to your account will be available on the day we receive the deposit: • Electronic direct deposits • Cash • Wire transfers • Checks drawn on a Credit Union account that has sufficient funds to cover the checks Next Day Availability – Funds from the following deposits are available on the first business day after the day of your deposit: • U.S. Treasury checks that are payable to you • State and local government checks that are payable to you • Cashier’s, certified and teller’s checks that are payable to you • Federal Reserve bank checks, Federal Home Loan Bank checks and postal money orders, if these items are payable to you. If you do not make your deposit to one of our tellers (for example, if you mail the deposit), funds from these deposits will be available on the second business day after the day we receive your deposit.

Availability of a Deposit. The length of the hold is counted in business days from the day of your deposit. Every day is a business day, except Saturdays, Sundays and Federal holidays. If you make a deposit at the Credit Union branch during regular branch hours on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after branch hours or on a non-business day, we may consider that the deposit was made on the next business day we are open. The length of the hold varies depending on the type of deposit and is explained below. Same Same-Day Availability – Funds from the following deposits to your account will be available on the day we receive the deposit: • Electronic direct deposits • Cash • Wire transfers • Checks drawn on a Credit Union account that has sufficient funds to cover the checks Next Day Availability – Funds from the following deposits are available on the first business day after the day of your deposit: • U.S. Treasury checks that are payable to you • State and local government checks that are payable to you • Cashier’s, certified and teller’s checks that are payable to you • Federal Reserve bank checks, Federal Home Loan Bank checks and postal money orders, if these items are payable to you. If you do not make your deposit to one of our tellers (for example, if you mail the deposit), funds from these deposits will be available on the second business day after the day we receive your deposit.

Availability of a Deposit. The length of the hold is counted in business days from the day of your deposit. Every day is a business day, except Saturdays, Sundays and Federal holidays. If you make a deposit at the Credit Union branch during regular branch hours on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after branch hours or on a non-business day, we may consider that the deposit was made on the next business day we are open. The length of the hold varies depending on the type of deposit and is explained below. Same Same-Day Availability – Funds from the following deposits to your account will be available on the day we receive the deposit: • Electronic direct deposits • Cash • Wire transfers • Checks drawn on a Credit Union account that has sufficient funds to cover the checks Next Day Availability – Funds from the following deposits are available on the first business day after the day of your deposit: • U.S. Treasury checks that are payable to you • State and local government checks that are payable to you • Cashier’s, certified and teller’s checks that are payable to you • Federal Reserve bank checks, Federal Home Loan Bank checks and postal money orders, if these items are payable to you. If you do not make your deposit to one of our tellers (for example, if you mail the deposit), funds from these deposits will be available on the second business day after the day we receive your deposit. Other Check Deposits – Funds from other check deposits will not be available until the second business day after the day of your deposit. The first $100 of your deposits, however, will be made available on the first business day. These checks will generally be available no later than the seventh business day after the day of deposit. If you deposit more than one check in a day, only $100 from the deposit will be available on the first business day after the day of your deposit.

Availability of a Deposit. The length of the hold delay is counted in business days from the day of your deposit. Every day is a business day, except Saturdays, Sundays and Federal holidays. If you make a deposit at the Credit Union branch during regular branch hours on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after branch hours on a Saturday or on a non-business dayday we are not open, we may will consider that the deposit was made on the next business day we are open. ATM deposits made after 3:00 PM or on a non-business day will be considered as deposited on the next business day. The length of the hold delay varies depending on the type of deposit and is explained below. Same Day Availability – Availability: Funds from the following electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash will be available on the day we receive the deposit. Next-Day Availability: • Electronic direct deposits • Cash • Wire transfers • Checks drawn on a Credit Union account that has sufficient funds to cover the checks Next Day Availability – Funds from the following deposits are available on the first business day after the day of your deposit: • U.S. U.S Treasury checks that are payable to you; • wire transfers; and • checks drawn on Northern Bank & Trust Company. If you make the deposit in person to one of our employees, funds from the following deposits are also available on the first business day after the day of your deposit: • State state and local government checks that are payable to you if you use a special deposit slip available in all branch offices; • Cashiercashier’s, certified certified, and teller’s checks that are payable to you if you use a special deposit slip available in all branch offices; and • Federal Reserve bank Bank checks, Federal Home Loan Bank checks checks, and postal money orders, if these items are payable to you. you If you do not make your deposit in person to one of our tellers employees (for example, if you mail the deposit), funds from these deposits will be available on the second business day after the day we receive of your deposit.