Common use of CONVERTING CHECKS TO ELECTRONIC DEBITS Clause in Contracts

CONVERTING CHECKS TO ELECTRONIC DEBITS. Some businesses use a procedure to convert checks that are drawn on your Account with us into electronic debits. To use this procedure, you sign an authorization slip (similar to a credit or debit card slip) that permits the business to convert the check to an electronic debit. The business passes your check through a machine that captures the account routing number, check amount, and other relevant information. An electronic debit for the transaction amount is then sent to us. When we receive the electronic debit, we may charge it to your account at any time, regardless of the balance of your Account. We may receive the electronic debit to your account immediately after the business enters the transaction, so to avoid an overdraft you must have sufficient funds in your account to cover the amount of the check at the time you authorize the transaction. Since the check is not sent to us for processing, we do not have a copy of your check. You should retain a copy of the check for your records. Electronic debits are listed on your account statement. AUTOMATED CLEARING HOUSE (“ACH”) PROVISIONS: NOTICE OF RECEIPT OF ACH ITEMS: Under the operating rules of the National Automated Clearing House Association which are applicable to ACH transactions involving this Account, Bank is not required to give next day notice to you of receipt of an ACH item, and Bank will not do so. However, Bank will continue to notify you of the receipt of payments in the periodic statements Bank provides to you. PROVISIONAL PAYMENT: Credit given by Bank to you with respect to an automated clearing house credit entry is provisional until Bank receives final settlement. If Bank does not receive final settlement, you are hereby notified and agree that Bank is entitled to a refund of any and/or all of the amount credited to you in connection with such entry, and the party making payment to you via such entry (i.e., the originator of the entry) shall not have been deemed to have paid you the amount of such entry. CHOICE OF LAW FOR ACH TRANSACTIONS: Bank may accept, on your behalf, payments in your account which have been transmitted through one or more Automated Clearing Houses and which are not subject to the Electronic Fund Transfer Act. Your rights and obligations with respect to such payment shall be construed in accordance with and governed by the operating rules of the National Automated Clearing House Association. FUNDS TRANSFER AUTHORIZATION AND AGREEMENT: To the extent Depositor utilizes Bank’s funds transfer services, Depositor hereby directs and authorizes Bank to transfer funds from this Account to specifically designated accounts, whether such accounts are with Bank or with another financial institution, and to further execute funds transfer instructions and/or payment orders and to receive funds to be deposited in this Account, pursuant to the following terms and conditions:

CONVERTING CHECKS TO ELECTRONIC DEBITS. Some businesses use a procedure to convert checks that are drawn on your Account with us you give them into electronic debits. To use this procedure, you sign an authorization slip debits (similar sometimes referred to a credit or debit card slip) that permits the business to convert the check to as an electronic debit. The business passes your check through a machine that captures the account routing number, check amount, check) and other relevant information. An then send us an electronic debit for the transaction amount is then sent to usamount. When we receive the electronic debit, we may charge it to your account at any time, regardless of the balance of your Accountaccount. We may receive the electronic debit to your account immediately after the business enters the transaction, so you may have a reduced right to avoid stop payment and you may incur an overdraft if you must do not have sufficient funds in your account to cover the amount of the check at the time you write the check or authorize the transaction. Since the check is not sent to us for processingus, we do not have a copy of your check. You should retain a copy of the check for your records. Electronic We list these electronic debits are listed on your account statement. AUTOMATED CLEARING HOUSE (“ACH”) PROVISIONS: NOTICE OF RECEIPT OF ACH ITEMS: Under If the operating rules business uses your check to initiate an electronic debit at the point of sale, the business should give you notice of the National Automated Clearing House Association which are applicable conversion and return the voided check to ACH transactions involving this Accountyou. You should treat the voided check with care because someone else who obtains possession of it could use the information to initiate additional debits against your account. A business that receives your check by mail and converts it to an electronic debit may give you notice of the conversion and destroy the original check. Examining Checks We receive checks in great volume. This and compliance with expedited funds availability laws require us to use automated check processing procedures. Although we may visually review a sample of checks and other items from time to time, Bank is reasonable commercial standards do not required require us to give next day notice to you of receipt of an ACH item, and Bank will not do so. However, Bank will continue We select some checks for review based on certain criteria that change from time to notify you time. This means that most checks are processed on the basis of the receipt MICR (Magnetic Ink Character Recognition) line printed along the bottom edge of payments the check, and are not individually examined for dates, maker signatures, legends or endorsements. You agree we will have exercised ordinary care if we examine only those items we have identified according to the criteria that we may establish in our discretion for inspection. If we do visually review any check or other item, we may disregard any restrictive instructions or notations, such as an instruction to permit withdrawals only upon more than one signature. We may return the periodic statements Bank provides item unpaid if, in our opinion, it does not bear a signature matching any specimen signature we have on file for your account. You agree, however, we will not be liable to you for honoring any check or other item bearing a signature that, in our sole opinion, resembles the specimen signature on file with us. Since we do not individually examine most checks, it is critical for you to take care of your checks, promptly review your account statement, and immediately report any suspicious or unauthorized activity to us. You agree that automated processing of your checks is reasonable and you accept responsibility for preventing and reporting forgeries, alterations, and other unauthorized uses of your checks or accounts. You agree the exercise of ordinary care will not require us to detect forgeries or alterations that could not be detected by a person observing reasonable commercial standards. Since some types of check fraud have become more difficult to detect, we may elect in some cases to make further inquiries about certain checks or other items presented for payment against your account. If we are unable to contact you, or take other steps, to determine with reasonable certainty you authorized these payments, we may either pay the checks and other items or return them unpaid without any liability to you. PROVISIONAL PAYMENT: Credit given Items Resulting from Voluntary Disclosure If you voluntarily disclose your account number to another person orally, electronically, in writing or by Bank to you with respect to an automated clearing house credit entry is provisional until Bank receives final settlement. If Bank does not receive final settlementother means, you are hereby notified deemed to authorize each item, including electronic debits, which result from your disclosure. We may pay these items and agree charge your account. You must inform us when you no longer want these items to be authorized. Large Cash Withdrawals We may require reasonable advance notice for large cash withdrawals. We may also refuse to honor a request to withdraw funds in cash from your account or to cash a check (including a cashier’s check or other official item) at a banking center if we believe that Bank the amount is entitled unreasonably large or that honoring the request would cause us an undue hardship or security risk. We may require such withdrawals be made at one of our cash vaults by an armored courier or through a similar secured process, acceptable to us and at your sole risk and expense. We are not responsible for providing for your security in such transactions. Paying Checks and Other Items We may debit your account for a refund of check or other item drawn on your account either on the day it is presented to us for payment, by electronic or other means, or on the day we receive notice that the item has been deposited for collection at another financial institution — whichever is earlier. If you do not have sufficient available funds to cover the item, we decide whether to return it or to pay it and overdraw your account. We may determine your balance and make our decision on an insufficient funds item at any and/or all time between our receipt of the amount credited to you in connection with such entry, item or notice and the party making payment time we must return the item. We are required to you via such entry (i.e., the originator of the entry) shall not have been deemed to have paid you the amount of such entry. CHOICE OF LAW FOR ACH TRANSACTIONS: Bank may accept, on your behalf, payments in determine your account which have been transmitted through one balance only once during this time period. When you deposit checks or other items drawn on another account with us, we may treat such items as presented to us for payment on the business day they are received by our office that processes checks drawn on the other account. Stale-Dated and Postdated Checks If a stale-dated check — a check dated more Automated Clearing Houses than six months in the past — is presented for payment against your account, we may pay the check and which are charge it to your account. If a postdated check — a check dated in the future — is presented for payment, we may pay the check and charge it to your account even if it is presented for payment before the date stated on the check. If you do not subject want us to pay a stale-dated or postdated check, you must place a stop payment order on it. See the Electronic Fund Transfer Act. Your rights Stop Payment Orders and obligations with respect to such payment shall be construed in accordance with and governed by the operating rules of the National Automated Clearing House Association. FUNDS TRANSFER AUTHORIZATION AND AGREEMENT: To the extent Depositor utilizes Bank’s funds transfer services, Depositor hereby directs and authorizes Bank to transfer funds from this Account to specifically designated accounts, whether such accounts are with Bank or with another financial institution, and to further execute funds transfer instructions and/or payment orders and to receive funds to be deposited in this Account, pursuant to the following terms and conditions:Postdating Orders section.

CONVERTING CHECKS TO ELECTRONIC DEBITS. Some businesses use a procedure to convert checks that are drawn on your Account with us you give them into electronic debits. To use this procedure, you sign an authorization slip debits (similar sometimes referred to a credit or debit card slip) that permits the business to convert the check to as an electronic debit. The business passes your check through a machine that captures the account routing number, check amount, check) and other relevant information. An then send us an electronic debit for the transaction amount is then sent to usamount. When we receive the electronic debit, we may charge it to your account at any time, regardless of the balance of your Accountaccount. We may receive the electronic debit to your account immediately after the business enters the transaction, so you may have a reduced right to avoid stop payment and you may incur an overdraft if you must do not have sufficient funds in your account to cover the amount of the check at the time you write the check or authorize the transaction. Since the check is not sent to us for processingus, we do not have a copy of your check. You should retain a copy of the check for your records. Electronic We list these electronic debits are listed on your account statement. AUTOMATED CLEARING HOUSE (“ACH”) PROVISIONS: NOTICE OF RECEIPT OF ACH ITEMS: Under If the operating rules business uses your check to initiate an electronic debit at the point of sale, the business should give you notice of the National Automated Clearing House Association which are applicable conversion and return the voided check to ACH transactions involving this Accountyou. You should treat the voided check with care because someone else who obtains possession of it could use the information to initiate additional debits against your account. A business that receives your check by mail and converts it to an electronic debit may give you notice of the conversion and destroy the original check. Examining Checks We receive checks in great volume. This and compliance with expedited funds availability laws require us to use automated check processing procedures. Although we may visually review a sample of checks and other items from time to time, Bank is reasonable commercial standards do not required require us to give next day notice to you of receipt of an ACH item, and Bank will not do so. However, Bank will continue We select some checks for review based on certain criteria that change from time to notify you time. This means that most checks are processed on the basis of the receipt MICR (Magnetic Ink Character Recognition) line printed along the bottom edge of payments the check, and are not individually examined for dates, maker signatures, legends or endorsements. You agree we will have exercised ordinary care if we examine only those items we have identified according to the criteria that we may establish in our discretion for inspection. If we do visually review any check or other item, we may disregard any restrictive instructions or notations, such as an instruction to permit withdrawals only upon more than one signature. We may return the periodic statements Bank provides item unpaid if, in our opinion, it does not bear a signature matching any specimen signature we have on file for your account. You agree, however, we will not be liable to you for honoring any check or other item bearing a signature that, in our sole opinion, resembles the specimen signature on file with us. Since we do not individually examine most checks, it is critical for you to take care of your checks, promptly review your account statement, and immediately report any suspicious or unauthorized activity to us. You agree that automated processing of your checks is reasonable and you accept responsibility for preventing and reporting forgeries, alterations, and other unauthorized uses of your checks or accounts. You agree the exercise of ordinary care will not require us to detect forgeries or alterations that could not be detected by a person observing reasonable commercial standards. Since some types of check fraud have become more difficult to detect, we may elect in some cases to make further inquiries about certain checks or other items presented for payment against your account. If we are unable to contact you, or take other steps, to determine with reasonable certainty you authorized these payments, we may either pay the checks and other items or return them unpaid without any liability to you. PROVISIONAL PAYMENT: Credit given by Bank to you with respect to an automated clearing house credit entry is provisional until Bank receives final settlement. If Bank does not receive final settlement, you are hereby notified and agree that Bank is entitled to a refund of any and/or all of the amount credited to you in connection with such entry, and the party making payment to you via such entry (i.e., the originator of the entry) shall not have been deemed to have paid you the amount of such entry. CHOICE OF LAW FOR ACH TRANSACTIONS: Bank may accept, on your behalf, payments in your account which have been transmitted through one or more Automated Clearing Houses and which are not subject to the Electronic Fund Transfer Act. Your rights and obligations with respect to such payment shall be construed in accordance with and governed by the operating rules of the National Automated Clearing House Association. FUNDS TRANSFER AUTHORIZATION AND AGREEMENT: To the extent Depositor utilizes Bank’s funds transfer services, Depositor hereby directs and authorizes Bank to transfer funds from this Account to specifically designated accounts, whether such accounts are with Bank or with another financial institution, and to further execute funds transfer instructions and/or payment orders and to receive funds to be deposited in this Account, pursuant to the following terms and conditions:.

CONVERTING CHECKS TO ELECTRONIC DEBITS. Some businesses use a procedure to convert checks that are drawn on your Account with us into electronic debits. To use this procedure, If you sign an authorization slip (similar to a credit or debit card slip) that permits authorize the business to convert the conversion of your check to into an electronic debit, funds may be withdrawn from your account sooner than the funds would have been withdrawn had the original paper check been sent to us for payment. The business passes your check through a machine that captures the account routing number, check amount, and other relevant information. An We charge any such electronic debit for the transaction amount is then sent to us. When we receive the electronic debit, we may charge it to your account at any time, regardless of the balance of your Accountwhen we receive it. We may receive the electronic debit to your account immediately after the business enters the transaction, transaction so you may have reduced opportunity to avoid stop payment and you may incur an overdraft fee or return item fee if you must do not have sufficient funds in your account to cover the amount of the check at the time you write the check or authorize the transaction. Since the check is not sent to us for processing, we do not have a copy of your check. You should retain a copy of the check your checks for your records. Electronic Checks converted to electronic debits are listed on will appear in electronic activity section in your account statementstatement . AUTOMATED CLEARING HOUSE (“ACH”) PROVISIONS: NOTICE OF RECEIPT OF ACH ITEMS: Under the operating rules of the National Automated Clearing House Association which are applicable to ACH transactions involving this Account, Bank is not required to give next day notice to you of receipt of an ACH item, and Bank will not do so. However, Bank will continue to notify you of the receipt of payments in the periodic statements Bank provides to you. PROVISIONAL PAYMENT: Credit given by Bank to you with respect to an automated clearing house credit entry is provisional until Bank receives final settlement. If Bank does not receive final settlement, you are hereby notified and agree that Bank is entitled to a refund of any and/or all of the amount credited to you in connection with such entry, and the party making payment to you via such entry (i.e., the originator of the entry) shall not have been deemed to have paid you the amount of such entry. CHOICE OF LAW FOR ACH TRANSACTIONS: Bank may accept, on your behalf, payments in your account which have been transmitted through one or more Automated Clearing Houses and which are not subject to the Electronic Fund Transfer Act. Your rights and obligations with respect to such payment shall be construed in accordance with and governed by the operating rules of the National Automated Clearing House Association. FUNDS TRANSFER AUTHORIZATION AND AGREEMENT: To the extent Depositor utilizes Bank’s funds transfer services, Depositor hereby directs and authorizes Bank to transfer funds from this Account to specifically designated accounts, whether such accounts are with Bank or with another financial institution, and to further execute funds transfer instructions and/or payment orders and to receive funds to be deposited in this Account, pursuant to the following terms and conditions:.

CONVERTING CHECKS TO ELECTRONIC DEBITS. Some businesses use a procedure to convert checks that are drawn on your Account with us into electronic debits. To use this procedure, If you sign an authorization slip (similar to a credit or debit card slip) that permits authorize the business to convert the conversion of your check to into an electronic debit, funds may be withdrawn from your account sooner than the funds would have been withdrawn had the original paper check been sent to us for payment. The business passes your check through a machine that captures the account routing number, check amount, and other relevant information. An We charge any such electronic debit for the transaction amount is then sent to us. When we receive the electronic debit, we may charge it to your account at any time, regardless of the balance of your Accountwhen we receive it. We may receive the electronic debit to your account immediately after the business enters the transaction, transaction so you may have reduced opportunity to avoid stop payment and you may incur an overdraft fee or return item fee if you must do not have sufficient funds in your account to cover the amount of the check at the time you write the check or authorize the transaction. Since the check is not sent to us for processing, we do not have a copy of your check. You should retain a copy of the check your checks for your records. Electronic Checks converted to electronic debits are listed on will appear in electronic activity section in your account statementstatement . AUTOMATED CLEARING HOUSE (“ACH”) PROVISIONS: NOTICE OF RECEIPT OF ACH ITEMS: Under the operating rules of the National Automated Clearing House Association which are applicable to ACH transactions involving this Account, Bank is not required to give next day notice to you of receipt of an ACH item, and Bank will not do so. However, Bank will continue to notify you of the receipt of payments in the periodic statements Bank provides to you. PROVISIONAL PAYMENT: Credit given by Bank to you with respect to an automated clearing house credit entry is provisional until Bank receives final settlement. If Bank does not receive final settlement, you are hereby notified and agree that Bank is entitled to a refund of any and/or all of the amount credited to you in connection with such entry, and the party making payment to you via such entry (i.e., the originator of the entry) shall not have been deemed to have paid you the amount of such entry. CHOICE OF LAW FOR ACH TRANSACTIONS: Bank may accept, on your behalf, payments in your account which have been transmitted through one or more Automated Clearing Houses and which are not subject to the Electronic Fund Transfer Act. Your rights and obligations with respect to such payment shall be construed in accordance with and governed by the operating rules of the National Automated Clearing House Association. FUNDS TRANSFER AUTHORIZATION AND AGREEMENT: To the extent Depositor utilizes Bank’s funds transfer services, Depositor hereby directs and authorizes Bank to transfer funds from this Account to specifically designated accounts, whether such accounts are with Bank or with another financial institution, and to further execute funds transfer instructions and/or payment orders and to receive funds to be deposited in this Account, pursuant to the following terms and conditions: