Common use of AVAILABILITY OF DEPOSITED FUNDS Clause in Contracts

AVAILABILITY OF DEPOSITED FUNDS. The Availability of Deposited Funds disclosure describes credit union policy in regard to when deposited funds are available for withdrawal. This disclosure of policy applies to transaction accounts. Transaction accounts, in general, are accounts which permit payments to third persons and telephone and pre-authorized transfers to other accounts which accountholders have with Four Points Federal Credit Union. Checking accounts are the most common transaction accounts. No other accounts currently offered by the credit union are defined as transaction accounts. The credit union’s policy is to normally make funds from member deposits available on the first business day after the deposit is received. At that time, funds will normally be available for withdrawal and to pay checks that have been written on the transaction account. However, the credit union reserves the right, at its sole discretion, to delay the availability of funds on an individual deposit basis as described in this document and in compliance with current applicable regulations. Depositors are reminded that even after the credit union has made funds available to depositors, and these funds have been withdrawn, the depositor is still responsible for checks which have been deposited and which are returned to the credit union as unpaid and for any other problems involving the deposit. For determining the availability of funds deposited, every day is a business day except Sundays, Federal holidays, and other closed holidays observed by the credit union. If deposits are made before the end of the business day that the credit union is open, whether received in person, by payroll deduction, or by mail, the credit union will consider that day to be the day of deposit. If a deposit is made afterwards, or on a day the credit union is not open, the deposit will be considered as having been made on the next business day the credit union is open. In some cases the credit union, at its sole option, may not make all of the funds that have been deposited available on the day of deposit. If the credit union is not going to make all of the funds from the deposit available on the day of deposit, you will normally be told of the delay at the time the deposit is made, if made in person. You will also be told when the funds will be available. If the deposit is not made directly in person to an employee of the credit union, or if a decision is made to delay availability of funds after you have left the credit union premises, the credit union will provide a notice by phone, mail, or electronic communication. If funds from a deposit will be needed for withdrawal on an immediate basis, you should ask when funds will be available. In addition, funds deposited by check may, at the sole option of the credit union, be delayed for a longer period under the following circumstances: • It is believed, for any reason, that a check deposited may not be paid. • Deposited checks total more than $5,000 in any one day. • The check is a re-deposited check that has been previously returned unpaid. • You have overdrawn the account repeatedly during the past six months. • There is an emergency, such as a failure of communications or computer equipment. • New accounts. The credit union will notify depositors if it is decided to delay the ability to withdraw deposited funds for any of these reasons, and the depositor will be told when the funds will be available.

AVAILABILITY OF DEPOSITED FUNDS. The Availability of Deposited Funds disclosure describes credit union policy in regard to when deposited funds are available for withdrawal. This disclosure of policy applies to transaction accounts. Transaction accounts, in general, are accounts which permit payments to third persons and telephone and pre-authorized transfers to other accounts which accountholders have with Four Points Federal Credit Union. Checking accounts are the most common transaction accounts. No other accounts currently offered by the credit union are defined as transaction accounts. The credit union’s policy is to normally make funds from member deposits available on the first business day after the deposit is received. At that time, funds will normally be available for withdrawal and to pay checks that have been written on the transaction account. However, the credit union reserves the right, at its sole discretion, to delay the availability of funds on an individual deposit basis as described in this document and in compliance with current applicable regulationsdocument. Depositors are reminded that even after the credit union has made funds available to depositors, and these funds have been withdrawn, the depositor is still responsible for checks which have been deposited and which are returned to the credit union as unpaid and for any other problems involving the deposit. For determining the availability of funds deposited, every day is a business day except Saturdays, Sundays, Federal holidays, and other closed holidays observed by the credit union. If deposits are made before the end of the business day that the credit union is open, whether received in person, by payroll deduction, or by mail, the credit union will consider that day to be the day of deposit. If a deposit is made after afterwards, or on a day the credit union is not open, the deposit will be considered as having been made on the next business day the credit union is open. In some cases the credit union, at its sole option, may not make all of the funds that have been deposited available on the day of deposit. If the credit union is not going to make all of the funds from the deposit available on the day of deposit, you will normally be told of the delay at the time the deposit is made, if made in person. You will also be told when the funds will be available. If the deposit is not made directly in person to an employee of the credit union, or if a decision is made to delay availability of funds after you have left the credit union premises, the credit union will provide a notice by phone, mail, or electronic communication. If funds from a deposit will be needed for withdrawal on an immediate basis, you should ask when funds will be available. In addition, funds deposited by check may, at the sole option of the credit union, be delayed for a longer period under the following circumstances: • It is believed, for any reason, that a check deposited may not be paid. • Deposited checks total more than $5,000 in any one day. • The check is a re-deposited check that has been previously returned unpaid. • You have overdrawn the account repeatedly during the past six months. • There is an emergency, such as a failure of communications or computer equipment. • New accounts. The credit union will notify depositors if it is decided to delay the ability to withdraw deposited funds for any of these reasons, and the depositor will be told when the funds will be available. Such delayed funds will normally be available no later than the 5th business day after the day of deposit. IMPORTANT NOTICE: Items drawn on an institution located outside of the United States may be handled on a collection basis only. Amounts will be credited to your account when the credit union receives final payment. You waive any notice of nonpayment, dishonor, or protest regarding any items received for credit to your account or for collection. If there are questions in regard to this notice, please contact the credit union.

AVAILABILITY OF DEPOSITED FUNDS. The Availability of Deposited Funds disclosure describes credit union policy in regard to when deposited funds are available for withdrawal. This disclosure of policy applies to transaction accounts. Transaction accounts, in general, are accounts which permit payments to third persons and telephone and pre-authorized transfers to other accounts which accountholders have with Four Points Federal Credit Union. Checking accounts are the most common transaction accounts. No other accounts currently offered by the credit union are defined as transaction accounts. The credit union’s policy is to normally make funds from member deposits available on the first business day after the deposit is received. At that time, funds will normally be available for withdrawal and to pay checks that have been written on the transaction account. However, the credit union reserves the right, at its sole discretion, to delay the availability of funds on an individual deposit basis as described in this document and in compliance with current applicable regulations. Depositors are reminded that even after the credit union has made funds available to depositors, and these funds have been withdrawn, the depositor is still responsible for checks which have been deposited and which are returned to the credit union as unpaid and for any other problems involving the deposit. For determining the availability of funds deposited, every day is a business day except Sundays, Federal holidays, and other closed holidays observed by the credit union. If deposits are made before the end of the business day that the credit union is open, whether received in person, by payroll deduction, or by mail, the credit union will consider that day to be the day of deposit. If a deposit is made afterwards, or on a day the credit union is not open, the deposit will be considered as having been made on the next business day the credit union is open. In some cases the credit union, at its sole option, may not make all of the funds that have been deposited available on the day of deposit. If the credit union is not going to make all of the funds from the deposit available on the day of deposit, you will normally be told of the delay at the time the deposit is made, if made in person. You will also be told when the funds will be available. If the deposit is not made directly in person to an employee of the credit union, or if a decision is made to delay availability of funds after you have left the credit union premises, the credit union will provide a notice by phone, mail, or electronic communication. If funds from a deposit will be needed for withdrawal on an immediate basis, you should ask when funds will be available. In addition, funds deposited by check may, at the sole option of the credit union, be delayed for a longer period under the following circumstances: • It is believed, for any reason, that a check deposited may not be paid. • Deposited checks total more than $5,000 in any one day. • The check is a re-deposited check that has been previously returned unpaid. • You have overdrawn the account repeatedly during the past six months. • There is an emergency, such as a failure of communications or computer equipment. • New accounts. The credit union will notify depositors if it is decided to delay the ability to withdraw deposited funds for any of these reasons, and the depositor will be told when the funds will be available. IMPORTANT NOTICE: Items drawn on an institution located outside of the United States may be handled on a collection basis only. Amounts will be credited to your account when the credit union receives final payment. You waive any notice of nonpayment, dishonor, or protest regarding any items received for credit to your account or for collection. If there are questions in regard to this notice, please contact the credit union.