Common use of Drawn on Your Account Clause in Contracts

Drawn on Your Account. We may debit your account for an item drawn on your account either on the day it is presented to us for payment 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 will 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 time between our receipt of the item or notice and the time we must return the item. We are required to determine your account balance only once during this time period. COMMUNICATIONS, NOTICES AND STATEMENTS WE MAY SEND YOU About Sending Communications, Notices and Statements to You You should promptly review all notices, account statements and other communications (hereafter referred to as “communications”) we send you. Many communications will inform you of changes affecting your rights and obligations. When we send communications we may: • address notices to one account owner; • destroy communications that are sent to you and returned to us as being undeliverable, along with any accompanying items; • authorize the post office or an agent to destroy communications along with items that the post office informs us are undeliverable; • send communications to you at the electronic or street address we have in our records for your account; and • stop sending communications to you until a new address is provided to us if we reasonably believe that the address we have in our records for your account is wrong. We are not responsible for communications lost while not in our possession. Delivery of Communications about Changes When we inform you of changes affecting your accounts, rights and obligations, we do so by delivering or making the communication available to you. In some cases, we may post a notice of a change on our website. Otherwise, we may mail the communication regarding a change to you at the address currently in our records or via text message, e- mail, secure messaging or other means (if you have agreed to such method). We may provide a communication as a message on your statement or as a statement insert. If a communication of a change is returned to us as undeliverable, or if we stop sending communications to you because previous communications (including account statements) we sent you were returned to us as undeliverable, you understand that copies of such communications can be requested from us by calling 000- 000-0000. You agree to these methods of delivery and that changes covered in these communications are effective and binding on you. A communication sent to any one account owner is deemed notice to all account owners. Change of Address You agree to notify us immediately of any change of your street or email address. We may require that you notify us of any change of address in writing. You may request to change your address by calling us at 000- 000-0000 or by logging in to your Online Banking account. We may update your mailing address if we receive information from the postal service or a reliable third party that you have moved and have a new address. It is your responsibility to ensure that the contact information in your Online Banking profile is current and accurate. This includes, but is not limited to, name, address, phone numbers, and email address. Changes in Ownership and Authorized Signers You agree to notify us immediately in writing of any change in your name or the authorized signers on your account. We may rely solely on our account records to determine the ownership of your account. If the authorized person(s) on your account changes, we may continue to honor items and instructions given earlier by any previously authorized person(s) until we receive specific notice from you in writing not to do so. In some instances, we may require you to close your account or provide us with stop payment orders in order to prevent transactions from occurring. There may be a delay in implementing a change in the authorized signers on our records, and you agree that we will be given a reasonable opportunity to make the necessary changes. PROTECTING YOUR ACCOUNTS Precautions You Should Take To help prevent fraud and identity theft as well as protect your assets, we recommend that you take the following precautions: • Notify us immediately if your debit card or any document containing your identification is lost or stolen. • If you’re new CIT Bank Debit Card does not arrive within a reasonable period of time, call us at 000- 000-0000. • Do not share your PIN or any account access password (e.g., online banking) with anyone; do not write your PIN on your card or keep it with your card. • Keep accurate records of your account transactions and reconcile your statements as soon as they are made available to you. • Contact us immediately at 000-000-0000 if there are any discrepancies on your statement that you cannot explain or if you do not receive a statement when expected. • If using our mobile banking service, protect your mobile phone or other device with a passcode or other security feature to prevent anyone other than you from accessing youraccounts. • Additional information about protecting your accounts is available xxxxx.XXXXxxx.xxx. • Sign up for eStatements in lieu of receiving paper statements in the mail.

Drawn on Your Account. We may debit your account for an item drawn on your account either on the day it is presented to us for payment 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 will 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 time between our receipt of the item or notice and the time we must return the item. We are required to determine your account balance only once during this time period. COMMUNICATIONS, NOTICES AND STATEMENTS WE MAY SEND YOU About Sending Communications, Notices and Statements to You You should promptly review all notices, account statements and other communications (hereafter referred to as “communications”) we send you. Many communications will inform you of changes affecting your rights and DV ³FRPPXQLFDWLRQV´ ZH VHQG \RX 0DQ\ FRPPXQLFDWLRQV obligations. When we send communications we may: • x address notices to one account owner; • x destroy communications that are sent to you and returned to us as being undeliverable, along with any accompanying items; • x authorize the post office or an agent to destroy communications along with items that the post office informs us are undeliverable; • x send communications to you at the electronic or street address we have in our records for your account; and • x stop sending communications to you until a new address is provided to us if we reasonably believe that the address we have in our records for your account is wrong. We are not responsible for communications lost while not in our possession. Delivery of Communications about Changes When we inform you of changes affecting your accounts, rights and obligations, we do so by delivering or making the communication available to you. In some cases, we may post a notice of a change on our website. Otherwise, we may mail the communication regarding a change to you at the address currently in our records or via text message, e- mail, secure messaging or other means (if you have agreed to such method). We may provide a communication as a message on your statement or as a statement insert. If a communication of a change is returned to us as undeliverable, or if we stop sending communications to you because previous communications (including account statements) we sent you were returned to us as undeliverable, you understand that copies of such communications can be requested from us by calling 000- 000-0000. You agree to these methods of delivery and that changes covered in these communications are effective and binding on you. A communication sent to any one account owner is deemed notice to all account owners. Change of Address You agree to notify us immediately of any change of your street or email address. We may require that you notify us of any change of address in writing. You may request to change your address by calling us at 000- 000-0000 or by logging in to your Online Banking account. We may update your mailing address if we receive information from the postal service or a reliable third party that you have moved and have a new address. It is your responsibility to ensure that the contact information in your Online Banking profile is current and accurate. This includes, but is not limited to, name, address, phone numbers, and email address. Changes in Ownership and Authorized Signers You agree to notify us immediately in writing of any change in your name or the authorized signers on your account. We may rely solely on our account records to determine the ownership of your account. If the authorized person(s) on your account changes, we may continue to honor items and instructions given earlier by any previously authorized person(s) until we receive specific notice from you in writing not to do so. In some instances, we may require you to close your account or provide us with stop payment orders in order to prevent transactions from occurring. There may be a delay in implementing a change in the authorized signers on our records, and you agree that we will be given a reasonable opportunity to make the necessary changes. PROTECTING YOUR ACCOUNTS Precautions You Should Take To help prevent fraud and identity theft as well as protect your assets, we recommend that you take the following precautions: • x Notify us immediately if your debit card or any document containing your identification is lost or stolen. • x If you’re new CIT \RXn¶eUw HCIT Bank Debit Card does not arrive within a reasonable period of time, call us at 000- 000-0000. • x Do not share your PIN or any account access password (e.g., online banking) with anyone; do not write your PIN on your card or keep it with your cardyourcard. • x Keep accurate records of your account transactions and reconcile your statements as soon as they are made available to you. • x Contact us immediately at 000-000-0000 if there are any discrepancies on your statement that you cannot explain or if you do not receive a statement when expected. • x If using our mobile banking service, protect your mobile phone or other device with a passcode or other security feature to prevent anyone other than you from accessing youraccounts. • x Additional information about protecting your accounts is available xxxxx.XXXXxxx.xxx. • x Sign up for eStatements in lieu of receiving paper statements in the mail.

Drawn on Your Account. We may debit your account for an item drawn on your account either on the day it is presented to us for payment 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 will 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 time between our receipt of the item or notice and the time we must return the item. We are required to determine your account balance only once during this time period. COMMUNICATIONS, NOTICES AND STATEMENTS WE MAY SEND YOU About Sending Communications, Notices and Statements to You You should promptly review all notices, account statements and other communications (hereafter referred to as “communications”) we send you. Many communications will inform you of changes affecting your rights and obligations. When we send communications we may: • address notices to one account owner; • destroy communications that are sent to you and returned to us as being undeliverable, along with any accompanying items; • authorize the post office or an agent to destroy communications along with items that the post office informs us are undeliverable; • send communications to you at the electronic or street address we have in our records for your account; and • stop sending communications to you until a new address is provided to us if we reasonably believe that the address we have in our records for your account is wrong. We are not responsible for communications lost while not in our possession. Delivery of Communications about Changes When we inform you of changes affecting your accounts, rights and obligations, we do so by delivering or making the communication available to you. In some cases, we may post a notice of a change on our website. Otherwise, we may mail the communication regarding a change to you at the address currently in our records or via text message, e- mail, secure messaging or other means (if you have agreed to such method). We may provide a communication as a message on your statement or as a statement insert. If a communication of a change is returned to us as undeliverable, or if we stop sending communications to you because previous communications (including account statements) we sent you were returned to us as undeliverable, you understand that copies of such communications can be requested from us by calling 000- 000-0000. You agree to these methods of delivery and that changes covered in these communications are effective and binding on you. A communication sent to any one account owner is deemed notice to all account owners. Change of Address You agree to notify us immediately of any change of your street or email address. We may require that you notify us of any change of address in writing. You may request to change your address by calling us at 000- 000-0000 or by logging in to your Online Banking account. We may update your mailing address if we receive information from the postal service or a reliable third party that you have moved and have a new address. It is your responsibility to ensure that the contact information in your Online Banking profile is current and accurate. This includes, but is not limited to, name, address, phone numbers, and email address. Changes in Ownership and Authorized Signers You agree to notify us immediately in writing of any change in your name or the authorized signers on your account. We may rely solely on our account records to determine the ownership of your account. If the authorized person(s) on your account changes, we may continue to honor items and instructions given earlier by any previously authorized person(s) until we receive specific notice from you in writing not to do so. In some instances, we may require you to close your account or provide us with stop payment orders in order to prevent transactions from occurring. There may be a delay in implementing a change in the authorized signers on our records, and you agree that we will be given a reasonable opportunity to make the necessary changes. PROTECTING YOUR ACCOUNTS Precautions You Should Take To help prevent fraud and identity theft as well as protect your assets, we recommend that you take the following precautions: • Notify us immediately if your debit card or any document containing your identification is lost or stolen. • If you’re new CIT Bank Debit Card does not arrive within a reasonable period of time, call us at 000- 000-0000. • Do not share your PIN or any account access password (e.g., online banking) with anyone; do not write your PIN on your card or keep it with your card. • Keep accurate records of your account transactions and reconcile your statements as soon as they are made available to you. • Contact us immediately at 000-000-0000 if there are any discrepancies on your statement that you cannot explain or if you do not receive a statement when expected. • If using our mobile banking service, protect your mobile phone or other device with a passcode or other security feature to prevent anyone other than you from accessing youraccountsyour accounts. • Additional information about protecting your accounts is available xxxxx.XXXXxxx.xxxon xxx.XXXXxxx.xxx. • Sign up for eStatements in lieu of receiving paper statements in the mail.

Drawn on Your Account. We may debit your account for an item drawn on your account either on the day it is presented to us for payment 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 will 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 time between our receipt of the item or notice and the time we must return the item. We are required to determine your account balance only once during this time period. COMMUNICATIONS, NOTICES AND STATEMENTS WE MAY SEND YOU About Sending Communications, Notices and Statements to You You should promptly review all notices, account statements and other communications (hereafter referred to as “communications”) we send you. Many communications will inform you of changes affecting your rights and obligations. When we send communications we may: • address notices to one account owner; • destroy communications that are sent to you and returned to us as being undeliverable, along with any accompanying items; • authorize the post office or an agent to destroy communications along with items that the post office informs us are undeliverable; • send communications to you at the electronic or street address we have in our records for your account; and • stop sending communications to you until a new address is provided to us if we reasonably believe that the address we have in our records for your account is wrong. We are not responsible for communications lost while not in our possession. Delivery of Communications about Changes When we inform you of changes affecting your accounts, rights and obligations, we do so by delivering or making the communication available to you. In some cases, we may post a notice of a change on our website. Otherwise, we may mail the communication regarding a change to you at the address currently in our records or via text message, e- mail, secure messaging or other means (if you have agreed to such method). We may provide a communication as a message on your statement or as a statement insert. If a communication of a change is returned to us as undeliverable, or if we stop sending communications to you because previous communications (including account statements) we sent you were returned to us as undeliverable, you understand that copies of such communications can be requested from us by calling 000- 000-000-0000. You agree to these methods of delivery and that changes covered in these communications are effective and binding on you. A communication sent to any one account owner is deemed notice to all account owners. Change of Address You agree to notify us immediately of any change of your street or email address. We may require that you notify us of any change of address in writing. You may request to change your address by calling us at 000- 000-000-0000 or by logging in to your Online Banking account. We may update your mailing address if we receive information from the postal service or a reliable third party that you have moved and have a new address. It is your responsibility to ensure that the contact information in your Online Banking profile is current and accurate. This includes, but is not limited to, name, address, phone numbers, and email address. Changes in Ownership and Authorized Signers You agree to notify us immediately in writing of any change in your name or the authorized signers on your account. We may rely solely on our account records to determine the ownership of your account. If the authorized person(s) on your account changes, we may continue to honor items and instructions given earlier by any previously authorized person(s) until we receive specific notice from you in writing not to do so. In some instances, we may require you to close your account or provide us with stop payment orders in order to prevent transactions from occurring. There may be a delay in implementing a change in the authorized signers on our records, and you agree that we will be given a reasonable opportunity to make the necessary changes. PROTECTING YOUR ACCOUNTS Precautions You Should Take To help prevent fraud and identity theft as well as protect your assets, we recommend that you take the following precautions: • Notify us immediately if your debit card or any document containing your identification is lost or stolen. • If you’re new CIT Bank Debit Card does not arrive within a reasonable period of time, call us at 000- 000-0000. • Do not share your PIN or any account access password (e.g., online banking) with anyone; do not write your PIN on your card or keep it with your card. • Keep accurate records of your account transactions and reconcile your statements as soon as they are made available to you. • Contact us immediately at 000-000-0000 if there are any discrepancies on your statement that you cannot explain or if you do not receive a statement when expected. • If using our mobile banking service, protect your mobile phone or other device with a passcode or other security feature to prevent anyone other than you from accessing youraccounts. • Additional information about protecting your accounts is available xxxxx.XXXXxxx.xxx. • Sign up for eStatements in lieu of receiving paper statements in the mail.