Common use of Available Funds Required Clause in Contracts

Available Funds Required. All transfers and loan payments initiated through Online Banking are subject to there being sufficient funds available in the affected account to cover the transfer on the scheduled initiation date or earlier. Failed transfers and loan payments due to non sufficient funds will retry 4 times or 4 business days before failing. STOPPING OF MODIFYING ONLINE BANKING AUTHORIZED TRANSACTIONS Express Transfers and Loan Payments cannot be deleted, changed or cancelled once processed. Scheduled transfers and loan payments may be changed or canceled up until they are processed. AUTHORIZATION TO CHARGE ACCOUNTS I authorize you to charge my designated account(s) for any transactions accomplished through the use of Online banking or Online Bill Payment services including the amount of any bill payment or transfer that I make. I understand that in adding a payee or maintaining a payee list, even if no payments are scheduled, I am electing to use the full Online Banking and Bill Payment service. I authorize you to process bill payments and to transfer funds according to the instructions you receive if the instructions are received from me through the Online Banking or Online Bill Payment services. I authorize you to initiate any reversing entry or reversing file, and to debit my accounts at Apple River State Bank or elsewhere, in order to correct any mistaken credit entry. I understand that if a bill payment request describes the beneficiary inconsistently by name and account number, execution of the request will occur on the basis of the account number, even if it identifies a person different from the named beneficiary. Further, Apple River State Bank and other financial institutions to which a bill payment request is forwarded may rely on any Apple River State Bank identification number supplied by me as a means to identify any other Apple River State Bank, even if the identification number is different than the Apple River State Bank named by me. My obligation to pay the amount of the bill payment to Apple River State Bank is not excused in such circumstances. BILL PAYMENT PROCEDURES Bill Payments may be processed in three different transaction modes. They are as follows:

Available Funds Required. All transfers and loan payments initiated through Online Banking are subject to there being sufficient funds available in the affected account to cover the transfer on the scheduled initiation date or earlier. Failed transfers and loan payments due to non non-sufficient funds will retry 4 times or 4 business days before failing. STOPPING OF MODIFYING ONLINE BANKING AUTHORIZED TRANSACTIONS Express  RealTime Transfers and Loan Payments cannot be deleted, changed or cancelled once processed.  Scheduled transfers and loan payments may be changed or canceled up until they are processed. AUTHORIZATION TO CHARGE ACCOUNTS I authorize you to charge my designated account(s) for any transactions accomplished through the use of Online banking or Online Bill Payment services including the amount of any bill payment or transfer that I make. I understand that in adding a payee or maintaining a payee list, even if no payments are scheduled, I am electing to use the full Online Banking and Bill Payment service. I authorize you to process bill payments and to transfer funds according to the instructions you receive if the instructions are received from me through the Online Banking or Online Bill Payment services. I authorize you to initiate any reversing entry or reversing file, and to debit my accounts at Apple River State Bank or elsewhere, in order to correct any mistaken credit entry. I understand that if a bill payment request describes the beneficiary inconsistently by name and account number, execution of the request will occur on the basis of the account number, even if it identifies a person different from the named beneficiary. Further, Apple River State Bank and other financial institutions to which a bill payment request is forwarded may rely on any Apple River State Bank identification number supplied by me as a means to identify any other Apple River State Bank, even if the identification number is different than the Apple River State Bank named by me. My obligation to pay the amount of the bill payment to Apple River State Bank is not excused in such circumstances. BILL PAYMENT PROCEDURES For most bills, we can deliver your payment the next business day. If we send the payment by check, it can take five or fewer days for your xxxxxx to receive it. When you enter an amount, Online Bill Payments Pay automatically displays the earliest date the xxxxxx will receive the payment without incurring expedited payment fees. You can accept this date or change it. Sufficient funds must be available by midnight of the night before the Scheduled Initiation Date, but will be deducted from my designated account on the Scheduled Initiation Date. “Recurring” transactions may be processed in three different transaction modes. They are as follows:canceled or changed until 12:00 midnight of the night before the Scheduled Initiation Date.

Available Funds Required. All transfers and loan payments initiated through Online Banking are subject to there being sufficient funds available in the affected account to cover the transfer on the scheduled initiation date or earlier. Failed transfers and loan payments due to non non-sufficient funds will retry 4 times or 4 business days before failing. STOPPING OF MODIFYING ONLINE BANKING AUTHORIZED TRANSACTIONS Express • RealTime Transfers and Loan Payments cannot be deleted, changed or cancelled once processed. • Scheduled transfers and loan payments may be changed or canceled up until they are processed. AUTHORIZATION TO CHARGE ACCOUNTS I authorize you to charge my designated account(s) for any transactions accomplished through the use of Online banking or Online Bill Payment services including the amount of any bill payment or transfer that I make. I understand that in adding a payee or maintaining a payee list, even if no payments are scheduled, I am electing to use the full Online Banking and Bill Payment service. I authorize you to process bill payments and to transfer funds according to the instructions you receive if the instructions are received from me through the Online Banking or Online Bill Payment services. I authorize you to initiate any reversing entry or reversing file, and to debit my accounts at Apple River State Bank or elsewhere, in order to correct any mistaken credit entry. I understand that if a bill payment request describes the beneficiary inconsistently by name and account number, execution of the request will occur on the basis of the account number, even if it identifies a person different from the named beneficiary. Further, Apple River State Bank and other financial institutions to which a bill payment request is forwarded may rely on any Apple River State Bank identification number supplied by me as a means to identify any other Apple River State Bank, even if the identification number is different than the Apple River State Bank named by me. My obligation to pay the amount of the bill payment to Apple River State Bank is not excused in such circumstances. BILL PAYMENT PROCEDURES For most bills, we can deliver your payment the next business day. If we send the payment by check, it can take five or fewer days for your xxxxxx to receive it. When you enter an amount, Online Bill Payments Pay automatically displays the earliest date the xxxxxx will receive the payment without incurring expedited payment fees. You can accept this date or change it. Sufficient funds must be available by midnight of the night before the Scheduled Initiation Date, but will be deducted from my designated account on the Scheduled Initiation Date. “Recurring” transactions may be processed in three different transaction modes. They are as follows:canceled or changed until 12:00 midnight of the night before the Scheduled Initiation Date.

Available Funds Required. All transfers and loan payments Bill Payments initiated through Online Banking E-Branch are subject to there being sufficient sufficient funds available in the affected account to cover the transfer on the scheduled initiation date Scheduled Initiation Date or earlier. Failed transfers Stopping or Modifying Payments: Payments designated as “Today” transactions cannot be stopped, canceled, or changed once your Bill Payment service session is terminated. Except as stated below, in order to request a stop payment or change a Bill Payment service transaction designated as “Future” or “Recurring”, you must use E-Branch and loan payments due follow the instructions provided to non sufficient funds you. You must cancel the payment or transfer using E-Branch by 12:00 midnight of the day before the scheduled processing day. We will retry 4 times only accept a verbal or 4 written notice to stop a Bill Payment service transaction if it relates to a payment designated as “Recurring” and only if the notice is received at the Credit Union no later than three business days before failingthe scheduled date of the payment or transfer. STOPPING OF MODIFYING ONLINE BANKING AUTHORIZED TRANSACTIONS Express Transfers and Loan Payments cannot be deletedIf you call, changed or cancelled once processed. Scheduled transfers and loan payments we may be changed or canceled up until they are processed. AUTHORIZATION TO CHARGE ACCOUNTS I authorize also require you to put your request in writing and get it to us within fourteen days after you call. The notice must detail whether the cancellation applies to only one of the recurring transactions, or all transactions in the recurring stream. You understand that my written notice will only be accepted at the address and phone number listed on the cover of this Agreement and Disclosure. If you request a cancellation of a transaction as set forth above and we do not do so, we will be liable for the damages caused as explained in the paragraph entitled “Liability for Failure to Make Payments.” Authorization To Charge Accounts: You authorize us to charge my your designated account(s) for any transactions accomplished through the use of Online banking or Online Bill Payment services service, including the amount of any bill payment or transfer that I make. I understand that in adding a payee or maintaining a payee list, even if no payments are scheduled, I am electing to use the full Online Banking and Bill Payment that you make, and any charges for the service. I You authorize you us to process bill Bill payments and to transfer funds according to the instructions you we receive if the instructions are received from me by us through the Online Banking or Online Bill Payment servicesservice. I You authorize you us to initiate any reversing entry or reversing filefile, and to debit my your accounts at Apple River State Bank the Credit Union or elsewhere, in order to correct any mistaken credit entry. I You understand that if a bill payment Bill Payment request describes the beneficiary beneficiary inconsistently by name and account number, execution of the request will occur on the basis of the account number, even if it identifies identifies a person different from the named beneficiarybeneficiary. Further, Apple River State Bank the Credit Union and other financial financial institutions or merchant to which a bill payment Bill Payment request is forwarded may rely on any Apple River State Bank identification financial institution or merchant identification number supplied by me you as a means to identify any other Apple River State Bankfinancial institution or merchant, even if the identification identification number is different than that the Apple River State Bank financial institution or merchant named by meyou. My Your obligation to pay the amount of the bill payment Bill Payment to Apple River State Bank the financial institution or merchant is not excused in such circumstances. BILL PAYMENT PROCEDURES Fees: We will automatically deduct the service fee from your primary checking account beginning 30 days from the date of application, unless a different date is agreed to. We will continue to charge your account monthly on the same day (or the next business day if the due date falls on a weekend or holiday), until the service is discontinued. We may give you the option to change the day on which we will charge you the monthly service fee. If you do not have sufficient funds in your account on the date the fee or charge is payable, you authorize us to automatically deduct the payment from your account as soon as funds are available. Security Procedures: An Access Code will be issued to you for security purposes. The Access Code is confidential and should not be disclosed to third parties. You are responsible for the safekeeping of the Access Code. You agree not to disclose or otherwise make the Access Code available to anyone not authorized to sign on your accounts. You represent that you have considered the security procedures of the Bill Payment service and find that the security procedures are commercially reasonable for verifying that a Bill Payment or other communication purporting to have been issued by you is, in fact, yours. In reaching this determination, you have considered the size, type and frequency of Bill Payments, or other communications that you anticipate issuing to the Credit Union. If the Bill Payment service security procedures are not, in your judgment, commercially reasonable, you must inform us within 30 days. If the size, type and frequency of your Bill Payments may change, and the result is that the Bill Payment service security procedures to be processed commercially reasonable. You must also in- form us of this within 30 days. Liability for Failure To Make Payments: If we do not send a payment or make a transfer on time, or in three different transaction modes. They are as follows:the correct amount according to your instructions given in accordance with this Agreement and Disclosure, we will be liable for damages caused.

Available Funds Required. All transfers and loan payments Bill Payments initiated through Online Banking E-Branch are subject to there being sufficient funds available in the affected account to cover the transfer on the scheduled initiation date Scheduled Initiation Date or earlier. Failed transfers Stopping or Modifying Payments: Payments designated as “Today” transactions cannot be stopped, canceled, or changed once your Bill Payment service session is terminated. Except as stated below, in order to request a stop payment or change a Bill Payment service transaction designated as “Future” or “Recurring”, you must use E-Branch and loan payments due follow the instructions provided to non sufficient funds you. You must cancel the payment or transfer using E-Branch by 12:00 midnight of the day before the scheduled processing day. We will retry 4 times only accept a verbal or 4 written notice to stop a Bill Payment service transaction if it relates to a payment designated as “Recurring” and only if the notice is received at the Credit Union no later than three business days before failingthe scheduled date of the payment or transfer. STOPPING OF MODIFYING ONLINE BANKING AUTHORIZED TRANSACTIONS Express Transfers and Loan Payments cannot be deletedIf you call, changed or cancelled once processed. Scheduled transfers and loan payments we may be changed or canceled up until they are processed. AUTHORIZATION TO CHARGE ACCOUNTS I authorize also require you to put your request in writing and get it to us within fourteen days after you call. The notice must detail whether the cancellation applies to only one of the recurring transactions, or all transactions in the recurring stream. You understand that my written notice will only be accepted at the address and phone number listed on the cover of this Agreement and Disclosure. If you request a cancellation of a transaction as set forth above and we do not do so, we will be liable for the damages caused as explained in the paragraph entitled “Liability for Failure to Make Payments.” Authorization To Charge Accounts: You authorize us to charge my your designated account(s) for any transactions accomplished through the use of Online banking or Online Bill Payment services service, including the amount of any bill payment or transfer that I make. I understand that in adding a payee or maintaining a payee list, even if no payments are scheduled, I am electing to use the full Online Banking and Bill Payment that you make, and any charges for the service. I You authorize you us to process bill Bill payments and to transfer funds according to the instructions you we receive if the instructions are received from me by us through the Online Banking or Online Bill Payment servicesservice. I You authorize you us to initiate any reversing entry or reversing file, and to debit my your accounts at Apple River State Bank the Credit Union or elsewhere, in order to correct any mistaken credit entry. I You understand that if a bill payment Bill Payment request describes the beneficiary inconsistently by name and account number, execution of the request will occur on the basis of the account number, even if it identifies a person different from the named beneficiary. Further, Apple River State Bank the Credit Union and other financial institutions or merchant to which a bill payment Bill Payment request is forwarded may rely on any Apple River State Bank financial institution or merchant identification number supplied by me you as a means to identify any other Apple River State Bankfinancial institution or merchant, even if the identification number is different than that the Apple River State Bank financial institution or merchant named by meyou. My Your obligation to pay the amount of the bill payment Bill Payment to Apple River State Bank the financial institution or merchant is not excused in such circumstances. BILL PAYMENT PROCEDURES Fees: Bill Pay is free when used at least once in each calendar month. There is a service fee for Bill Pay in any calendar month you do not utilize the service. IFCU will automatically deduct the service fee from your primary checking account on the first day of the month following the month of non use (or the next business day if the due date falls on a weekend or holiday). If you do not have sufficient funds in your account on the date the fee or charge is payable, you authorize us to automatically deduct the payment from your account as soon as funds are available. Security Procedures: An Access Code will be issued to you for security purposes. The Access Code is confidential and should not be disclosed to third parties. You are responsible for the safekeeping of the Access Code. You agree not to disclose or otherwise make the Access Code available to anyone not authorized to sign on your accounts. Enrollment in Bill Pay is optional, you may unenroll by contacting Interfaith FCU. You represent that you have considered the security procedures of the Bill Payment service and find that the security procedures are commercially reasonable for verifying that a Bill Payment or other communication purporting to have been issued by you is, in fact, yours. In reaching this determination, you have considered the size, type and frequency of Bill Payments, or other communications that you anticipate issuing to the Credit Union. If the Bill Payment service security procedures are not, in your judgment, commercially reasonable, you must inform us within 30 days. If the size, type and frequency of your Bill Payments may change, and the result is that the Bill Payment service security procedures to be processed commercially reasonable. You must also in-form us of this within 30 days. Liability for Failure To Make Payments: If we do not send a payment or make a transfer on time, or in three different transaction modesthe correct amount according to your instructions given in accordance with this Agreement and Disclosure, we will be liable for damages caused. They However, there are as followssome exceptions. We will not be liable, for instance, if: