CHECKING ACCOUNT BALANCE Clause Samples

CHECKING ACCOUNT BALANCE. Your checking account has two kinds of balances: the “balance” and the “available balance.” Each can be checked when you review your account through digital banking, on our mobile application, at an ATM, or by calling us. It is important to understand how the two balances work so you know how much money is in your account at any given time. Your balance is the full amount of all deposits (even though some portion of a deposit may be on hold and may not be available to you) less payment transactions that have been presented and “posted” to your account (but not payment transactions that have been authorized and are pending). Thus, while the term “balance” may seem to indicate the amount in your account that is available for you to spend, that is not always the case. Any holds for purchase transactions, holds on deposits, or other checks, payments, and service charges that have not yet posted will not appear in your balance. For example, if you have a $50 balance, but you just wrote a check for $40, then your balance is still shown as $50 because it does not reflect the pending check transaction. At that point, you actually have $50, but you have already spent $40. Your available balance is the amount of money in your account that is available for you to use. The available balance is the balance less things like holds placed on deposits and pending transactions (such as pending debit card purchases) that we have authorized but that have not yet posted to your account. For example, assume you have a balance of $50 and an available balance of $50. If you were to use your debit card at a restaurant to buy lunch for $20, that merchant could ask us to authorize the payment. In that case, we will reduce your available balance by $20 because once we authorize the payment, we are obligated to pay it. Your balance would still be $50 because this transaction has not yet been presented to us and posted to your account, but your available balance would be $30 because you have committed to pay the restaurant $20. When the restaurant presents its bill for payment (which could be several days later), we will post the transaction to your account and your actual balance will be reduced by $20, and both your balance and your available balance will be $30. Available balance at the time transactions are presented to us and posted to your account (not when they are authorized) is used to determine when your account is overdrawn. The following example illustrates how this works: ...

CHECKING ACCOUNT BALANCE. 8.1 You can check the Available Balance and transaction history on the Account via the Countingup Apps. 8.2 You can check the Available Balance at an ATM. 8.3 We will email you on a monthly basis to inform you that your Account statements are available in the Countingup Apps.

CHECKING ACCOUNT BALANCE. Your checking account has two kinds of balances: the “balance” and the “available balance.” Each can be checked when you review your account online, on your mobile application, at an ATM, by phone, or at a branch. It is important to understand how the two balances work so you know how much money is in your account at any given time.

CHECKING ACCOUNT BALANCE. 8.1 You can check the Available Balance and transaction history on the Account via the Mobile Application. 8.2 You can check the Available Balance at an ATM. 8.3 We will make your monthly Account statements available via the Mobile Application free of charge. We will provide you with an email notification when your monthly Account statements are available to view.

CHECKING ACCOUNT BALANCE. The Checking Account is intended to have a zero balance at the end of each Business Day. The Checking Account will have a positive balance to the extent any deposits to the Program have not yet been transferred to Program Accounts at Program Banks, or to the extent any withdrawals from the Program have been transferred from the Program Accounts to the Checking Account but have not yet been paid or transferred as described in Section 9(b). The Checking Account could have a negative balance as described in this Agreement.