Common use of Description of Online Banking Services Clause in Contracts

Description of Online Banking Services. A. Transfers • Processing of Transfer Requests o Transfers can be made in 2 ways; on a one-time basis or a recurring basis. One-time transfers may be immediate or scheduled for a future date. The recurring transfer feature may be used when a set amount is transferred at regular intervals. For example, a $200 transfer from a checking to a savings account which occurs every month. o One-time immediate transfers can be made from a Xxxxx State Bank checking, savings, money market or line of credit account to most linked Xxxxx State Bank accounts o Scheduled and recurring transfers can be made from a Xxxxx State Bank checking, savings or money market account to a linked checking account, savings account, or loan account. o Transfers from a deposit account are reflected in that account's available balance on the day the transfer is to take place. • Scheduled and Recurring Transfers o Transfers scheduled for a weekend or a non-bank business day will be processed on the previous bank business day. All other scheduled and recurring transfers will be processed from the funding account at the beginning of the business day. • Transfers to Credit Accounts (Loans held at the Bank) o Funds transferred as a payment to an installment loan at the Bank before 7:00 p.m. Central Time on a bank business day will be credited with the date the payment is submitted. Transfer payments submitted after 7:00

Description of Online Banking Services. A. Transfers • Processing of Transfer Requests o Transfers can be made in 2 ways; on a one-time basis or a recurring basis. One-time transfers may be immediate or scheduled for a future date. The recurring transfer feature may be used when a set amount is transferred at regular intervals. For example, a $200 transfer from a checking to a savings account which occurs every month. o One-time immediate transfers can be made from a Xxxxx State Bank checking, savings, money market or line of credit account to most linked Xxxxx State Bank accounts o Scheduled and recurring transfers can be made from a Xxxxx State Bank checking, savings or money market account to a linked checking account, savings account, or loan account. o Transfers from a deposit account are reflected in that account's available balance on the day the transfer is to take place. • Scheduled and Recurring Transfers o Transfers scheduled for a weekend or a non-bank business day will be processed on the previous next bank business day. All other scheduled and recurring transfers will be processed from the funding account at the beginning of the business day. .. • Transfers to Credit Accounts (Loans held at the Bank) o Funds transferred as a payment to an installment loan at the Bank before 7:00 p.m. Central Time on a bank business day will be credited with the date the payment is submitted. Transfer payments submitted after 7:00