Common use of Cut-off Times Clause in Contracts

Cut-off Times. We may establish certain times during each Business Day after which a transaction presented to us will be considered presented on our next Business Day (the "cut-off" time). Cut-off times may vary by transaction type or by banking location. We are an FDIC-insured depository institution. Qualified deposits maintained with us are insured, up to applicable limits, by the FDIC which is a corporation organized by the government to insure deposits. Premiums for this insurance are generally paid by us but we reserve the right to assess the insurance premiums to accounts in a manner determined by us. You may obtain further information about the FDIC and the insurance of your accounts by requesting the FDIC publication regarding your insured deposit available from your Relationship Manager or a Client Representative at your branch. You may also contact the FDIC directly by writing to the FDIC Attn: Deposit Insurance Section, at 000 00xx Xxxxxx, X.X., Xxxxxxxxxx X.X., 00000- 9990, or by calling (000) 000-0000, or through the FDIC website at xxx.xxxx.xxx/xxxxxxx/xxxxxxxx. If we reasonably and in good faith believe a transaction you or another person acting on your behalf requests may be a result of elder or dependent adult financial abuse as defined under applicable law, or we believe you are the victim of such abuse, we may report our suspicion to the appropriate local or state agency or law enforcement authority without notice or liability to you. We may conduct or refuse to conduct the transaction at our discretion with no liability to you. Electronic fund transfer services are available to consumers and to businesses. By opening a deposit account with us each person designated in the account agreement as an "Authorized Signer" or otherwise designated as a person authorized to initiate an electronic fund transfer is authorized to initiate electronic fund transfers from the deposit account. We are entitled to rely upon electronic fund transfer instructions received from any such person by any means when confirmed in accordance with the security procedure to which you and we agree. Instruction may be given to transfer funds by any one Authorized Signer or any authorized person without regard to the ownership of the account to which the funds are transferred and without regard to the number of signers required to withdraw funds from the account.

Cut-off Times. We may establish certain times during each Business Day after which a transaction presented to us will be considered presented on our next Business Day (the "cut-off" time). Cut-Cut- off times may vary by transaction type or by banking location. We are an FDIC-insured depository institution. Qualified deposits maintained with us are insured, up to applicable limits, by the FDIC which is a corporation organized by the government to insure deposits. Premiums for this insurance are generally paid by us but we reserve the right to assess the insurance premiums to accounts in a manner determined by us. You may obtain further information about the FDIC and the insurance of your accounts by requesting the FDIC publication regarding your insured deposit available from your Relationship Manager or a Client Representative at your branch. You may also contact the FDIC directly by writing to the FDIC Attn: Deposit Insurance Section, at 000 00xx Xxxxxx, X.X., Xxxxxxxxxx X.X., 00000- 9990, or by calling (000) 000-0000, or through the FDIC website at xxx.xxxx.xxx/xxxxxxx/xxxxxxxx. If we reasonably and in good faith believe a transaction you or another person acting on your behalf requests may be a result of elder or dependent adult financial abuse as defined under applicable law, or we believe you are the victim of such abuse, we may report our suspicion to the appropriate local or state agency or law enforcement authority without notice or liability to you. We may conduct or refuse to conduct the transaction at our discretion with no liability to you. Electronic fund transfer services are available to consumers and to businesses. By opening a deposit account with us each person designated in the account agreement as an "Authorized Signer" or otherwise designated as a person authorized to initiate an electronic fund transfer is authorized to initiate electronic fund transfers from the deposit account. We are entitled to rely upon electronic fund transfer instructions received from any such person by any means when confirmed in accordance with the security procedure to which you and we agree. Instruction may be given to transfer funds by any one Authorized Signer or any authorized person without regard to the ownership of the account to which the funds are transferred and without regard to the number of signers required to withdraw funds from the account.

Cut-off Times. We Different cutoff times may establish certain times during each Business Day after which a transaction presented apply to transfers, payments, and stop payment requests. For current cutoff times, call us will be considered presented on our next Business Day at 000-000-0000 or 1-800-844-2000 (the "cut-off" timeextension 6332). Cut-off Cutoff times may vary by transaction type or by banking location. We are an FDIC-insured depository institution. Qualified deposits maintained with us are insured, up subject to applicable limits, by the FDIC which is a corporation organized by the government to insure deposits. Premiums for this insurance are generally paid change by us but we reserve the right without notice and are immediately binding on you and authorized users. If you maintain your myTrustmark℠ service after a change, you agree to assess the insurance premiums to accounts in a manner determined and are bound by usthat change. You (or an authorized user) may obtain further information about the FDIC and the insurance of your accounts by requesting the FDIC publication regarding your insured deposit available transfer funds from your Relationship Manager or a Client Representative at your branch. You may also contact the FDIC directly by writing linked account to the FDIC Attn: Deposit Insurance Section, at 000 00xx Xxxxxx, X.X., Xxxxxxxxxx X.X., 00000- 9990, or by calling (000) 000-0000, or through the FDIC website at xxx.xxxx.xxx/xxxxxxx/xxxxxxxx. If we reasonably and in good faith believe a transaction you or another person acting on your behalf requests may be a result of elder or dependent adult financial abuse as defined under applicable law, or we believe you are the victim of such abuse, we may report our suspicion to the appropriate local or state agency or law enforcement authority without notice or liability to you. We may conduct or refuse to conduct the transaction at our discretion with no liability to you. Electronic fund transfer services are available to consumers and to businesses. By opening a deposit account with us each person designated in us, to a loan with us, to a credit card with us, or to a deposit account at another bank (“transfer”) if you or an authorized signer provide the account agreement as an "Authorized Signer" or otherwise designated as a person authorized to initiate an electronic fund transfer is authorized to initiate electronic fund information required on the online MYTRUSTMARK ENROLLMENT FORM. If your myTrustmark℠ service allows transfers from a linked account to a deposit account with us, to a loan with us or to a credit card with us but not to deposit accounts at other banks, you (or an authorized user) may add the deposit account. We are entitled to rely upon electronic fund transfer instructions received from any such person by any means when confirmed in accordance with the security procedure to which you and we agree. Instruction may be given right to transfer funds from a linked account to deposit account(s) at other bank(s) by any one Authorized Signer using the Secure Messages link in myTrustmark℠ (or any other method acceptable to us) and providing information required by us. (You agree that we may place restrictions on making transfer(s) to deposit account(s) at another bank(s) You (or an authorized person without regard user) may add or delete (“change”) linked account(s) and/or accounts to which transfers may be made by using the Secure Messages Link in myTrustmark℠ (or another method acceptable to us) and providing the information we require. A change is effective when we act on it. You authorize us to act on and process transfer instruction(s) sent on myTrustmark℠ via the Security Procedures. You agree that the following terms apply to transfers. Transfer instruction - To make a transfer, a transfer instruction with the information required on myTrustmark℠ must be sent to us via myTrustmark℠. You agree to (and will require authorized user(s) to) comply with on-line myTrustmark℠ instructions, supply information indicated online and, when appropriate, update/edit information. Scheduled transfer date - The scheduled transfer date is the business day on which funds are to be transferred from a linked account. Unless a transfer instruction is sent on a business day prior to the ownership transfer cutoff time, that business day cannot be designated as the scheduled transfer date; if a transfer instruction is sent on a non-business day or after the transfer cutoff time on a business day, the next business day or a subsequent business day must be designated as the scheduled transfer date. (The day a transfer instruction is acted on by us may differ from the day listed as the scheduled transfer date.) Future dated transfers - A transfer may be scheduled to occur in the future (on a one-time basis or on a recurring basis). The current maximum future date and recurring frequencies are listed on myTrustmark℠ and may be changed by us without notice to you. A change is effective immediately. If you maintain your myTrustmark℠ service after a change, you agree to and are bound by that change. A scheduled transfer date (for a recurring transfer) falling on a non-business day will be deemed to be the next business day. Processing – Processing of the account a transfer instruction transmitted to which the funds are transferred and without regard us via myTrustmark℠ prior to the number transfer cutoff time on a business day begins immediately and is completed that night. Processing of signers required a transfer instruction transmitted on a non-business day or after the transfer cutoff time on a business day begins prior to withdraw funds from the accountopening of business on the next business day and is completed that night. Processing of a future dated transfer begins at the opening of business on the scheduled transfer date and is completed that night, provided that date is a business day. If a scheduled transfer date for a future dated transfer falls on a non-business day, the scheduled transfer date will be deemed to be the next business day.