Common use of Electronic Fund Transfer Disclosure Clause in Contracts

Electronic Fund Transfer Disclosure. Salem Five offers a wide variety of electronic fund transfer services. For example, if you have preauthorized the transfer of funds from your account to third parties, if you have authorized direct deposits to your account, if you use our AccessLine or Online Banking Services, or if you have a Salem Five ATM card or Salem Five debit card (both referred to in this Agreement as “Card”), you have subscribed to electronic banking services. Your use of the electronic banking services to which you have subscribed will be subject to the terms and conditions of this Agreement and any other agreement specific to the service you use. Laws have been enacted by Congress and the Massachusetts Legislature that define the rights and responsibilities of the Bank in providing electronic fund transfer services to consumers and your rights and responsibilities as a consumer utilizing these services. In order for you to understand your rights under the federal Electronic Fund Transfer Act and Chapter 167B of the Massachusetts General Laws, we are providing you with the following disclosures. In addition to these federal and state laws, Federal Reserve Regulation E and the rules of NACHA Electronic Payments Association apply to your electronic transfers. Consumers who utilize or intend to utilize Salem Five’s Online Banking Services to view their accounts, transfer funds or pay bills should also refer to the disclosure entitled Salem Five Online Banking Agreement, which describes additional terms and conditions pertaining specifically to those services. Disclosure of Consumer’s Liability for Unauthorized Transfers IF YOU BELIEVE YOUR CARD OR PERSONAL IDENTIFICATION NUMBER (“PIN”) HAS BEEN LOST OR STOLEN OR THAT SOMEONE HAS TRANSFERRED OR MAY TRANSFER MONEY FROM YOUR ACCOUNT WITHOUT YOUR PERMISSION, CALL US IMMEDIATELY, DURING BANKING SERVICE HOURS: MONDAY THROUGH FRIDAY BETWEEN THE HOURS OF 8:00 A.M. AND 6:00 P.M., SATURDAY BETWEEN 9:00 A.M. AND 3:00 P.M., OR SUNDAY BETWEEN THE HOURS OF 11:00 A.M.AND 3:00 P.M., EASTERN TIME. CALL (000) 000-0000 OR TOLL FREE AT (000) 000-0000. YOU MAY WRITE US AT: CONTACT CENTER, 000 XXXXX XXXXXX, XXXXX, XX 00000. TO REPORT A LOST OR STOLEN DEBIT CARD BEFORE OR AFTER BANKING HOURS, PLEASE CALL CARD SERVICES AT 000-000-0000, option 3. Tell us AT ONCE if you believe your Card or your PIN has been lost, stolen or used without your permission. Telephoning is the best way of minimizing your losses. You can lose no more than $50 if you give us timely notice of a lost or stolen Card or a disclosed PIN and someone uses your Card or PIN without your permission. Please notify us as soon as you are aware of any possible loss or theft. Business Days For purposes of this Agreement, our business days are Monday through Friday. Bank holidays are not included. Use of Your Card or Electronic Banking PIN By using your Card or PIN, you agree that:

Electronic Fund Transfer Disclosure. Salem Five offers a wide variety of electronic fund transfer services. For example, if you have preauthorized the transfer of funds from your account to third parties, if you have authorized direct deposits to your account, if you use our AccessLine or Online Banking Services, or if you have a Salem Five ATM card or Salem Five debit card (both referred to in this Agreement as “Card”), you have subscribed to electronic banking services. Your use of the electronic banking services to which you have subscribed will be subject to the terms and conditions of this Agreement and any other agreement specific to the service you use. Laws have been enacted by Congress and the Massachusetts Legislature that define the rights and responsibilities of the Bank in providing electronic fund transfer services to consumers and your rights and responsibilities as a consumer utilizing these services. In order for you to understand your rights under the federal Electronic Fund Transfer Act and Chapter 167B of the Massachusetts General Laws, we are providing you with the following disclosures. In addition to these federal and state laws, Federal Reserve Regulation E and the rules of NACHA Electronic Payments Association apply to your electronic transfers. Consumers who utilize or intend to utilize Salem Five’s Online Banking Services to view their accounts, transfer funds or pay bills should also refer to the disclosure entitled Salem Five Online Banking Agreement, which describes additional terms and conditions pertaining specifically to those services. Disclosure of Consumer’s Liability for Unauthorized Transfers IF YOU BELIEVE YOUR CARD OR PERSONAL IDENTIFICATION NUMBER (“PIN”) HAS BEEN LOST OR STOLEN OR THAT SOMEONE HAS TRANSFERRED OR MAY TRANSFER MONEY FROM YOUR ACCOUNT WITHOUT YOUR PERMISSION, CALL US IMMEDIATELY, DURING BANKING SERVICE HOURS: MONDAY THROUGH FRIDAY BETWEEN THE HOURS OF 8:00 A.M. AND 6:00 P.M., SATURDAY BETWEEN 9:00 A.M. AND 3:00 P.M., OR SUNDAY BETWEEN THE HOURS OF 11:00 A.M.AND 3:00 P.M., EASTERN TIME. CALL (000) 000-0000 OR TOLL FREE AT (000) 000-0000. YOU MAY WRITE US AT: CONTACT CENTER, 000 XXXXX XXXXXX, XXXXX, XX 00000. TO REPORT A LOST OR STOLEN DEBIT CARD BEFORE OR AFTER BANKING HOURS, PLEASE CALL CARD SERVICES AT 000-000-0000, option 3. Tell us AT ONCE if you believe your Card or your PIN has been lost, stolen or used without your permission. Telephoning is the best way of minimizing your losses. You can lose no more than $50 if you fail to give us timely notice of a lost or stolen Card or a disclosed PIN and someone uses your Card or PIN without your permission. Please notify us as soon as you are aware of any possible loss or theft. Business Days For purposes of this Agreement, our business days are Monday through Friday. Bank holidays are not included. Use of Your Card or Electronic Banking PIN By using your Card or PIN, you agree that:

Electronic Fund Transfer Disclosure. Salem Five offers a wide variety of electronic fund transfer services. For example, if you have preauthorized the transfer of funds from your account to third parties, if you have authorized author- ized direct deposits to your account, if you use our AccessLine or Online Banking Services, or if you have a Salem Five ATM card or Salem Five debit card (both referred to in this Agreement as “Card”), you have subscribed to electronic banking services. Your use of the electronic banking services to which you have subscribed will be subject to the terms and conditions of this Agreement and any other agreement specific spe- cific to the service you use. Laws have been enacted by Congress and the Massachusetts Legislature that define the rights and responsibilities of the Bank in providing electronic fund transfer services to consumers con- xxxxxx and your rights and responsibilities as a consumer utilizing these services. In order for you to understand your rights under the federal Electronic Fund Transfer Act and Chapter 167B of the Massachusetts General Laws, we are providing pro- viding you with the following disclosures. In addition to these federal and state laws, Federal Reserve Regulation E and the rules of NACHA Electronic Payments Association apply to your electronic transfers. Consumers who utilize or intend to utilize Salem Five’s Online Banking Services to view their accounts, transfer funds or pay bills should also refer to the disclosure entitled Salem Five Consumers who utilize or intend to utilize Salem Five’s Online Banking Services to view their accounts, transfer funds or pay bills should also refer to the disclosure entitled Salem Five Online Banking Agreement, which describes additional terms and conditions pertaining specifically to those services. Disclosure of Consumer’s Liability for Unauthorized Transfers IF F YOU BELIEVE YOUR CARD OR PERSONAL IDENTIFICATION IDENTIFICA- TION NUMBER (“PIN”) HAS BEEN LOST OR STOLEN OR THAT SOMEONE HAS TRANSFERRED OR MAY TRANSFER MONEY FROM YOUR ACCOUNT WITHOUT YOUR PERMISSIONPERMIS- SION, CALL US IMMEDIATELY, DURING BANKING SERVICE HOURS: MONDAY THROUGH FRIDAY BETWEEN THE HOURS OF 8:00 A.M. AND 6:00 P.M., SATURDAY BETWEEN 9:00 A.M. AND 3:00 P.M., OR SUNDAY BETWEEN THE HOURS OF 11:00 A.M.AND 3:00 P.M., EASTERN TIME. CALL (000) 000-0000 OR TOLL FREE AT (000) 000-0000. YOU MAY WRITE US AT: CONTACT CENTER, 000 XXXXX XXXXXX, XXXXX, XX 00000. TO REPORT A LOST OR STOLEN DEBIT CARD BEFORE OR AFTER BANKING HOURS, PLEASE CALL CARD SERVICES AT 000-000-0000, option 3. Tell us AT ONCE if you believe your Card or your PIN has been lost, stolen or used without your permission. Telephoning is the best way of minimizing your losses. You can lose no more than $50 if you fail to give us timely notice of a lost or stolen Card or a disclosed PIN and someone uses your Card or PIN without your permission. Please notify us as soon as you are aware of any possible loss or theft. .. Business Days For purposes of this Agreement, our business days are Monday through Friday. Bank holidays are not included. Use of Your Card or Electronic Banking PIN By using your Card or PIN, you agree that:

Electronic Fund Transfer Disclosure. Salem Five offers a wide variety of electronic fund transfer services. For example, if you have preauthorized the transfer of funds from your account to third parties, if you have authorized direct deposits to your account, if you use our AccessLine or Online Banking Services, or if you have a Salem Five ATM card or Salem Five debit card (both referred to in this Agreement as “Card”), you have subscribed to electronic banking services. Your use of the electronic banking services to which you have subscribed will be subject to the terms and conditions of this Agreement and any other agreement specific to the service you use. Laws have been enacted by Congress and the Massachusetts Legislature that define the rights and responsibilities of the Bank in providing electronic fund transfer services to consumers and your rights and responsibilities as a consumer utilizing these services. In order for you to understand your rights under the federal Electronic Fund Transfer Act and Chapter 167B of the Massachusetts General Laws, we are providing you with the following disclosures. In addition to these federal and state laws, Federal Reserve Regulation E and the rules of NACHA Electronic Payments Association apply to your electronic transfers. Consumers who utilize or intend to utilize Salem Five’s Online Banking Services to view their accounts, transfer funds or pay bills should also refer to the disclosure entitled Salem Five Online Banking Agreement, which describes additional terms and conditions pertaining specifically to those services. Disclosure of Consumer’s Liability for Unauthorized Transfers IF YOU BELIEVE YOUR CARD OR PERSONAL IDENTIFICATION NUMBER (“PIN”) HAS BEEN LOST OR STOLEN OR THAT SOMEONE HAS TRANSFERRED OR MAY TRANSFER MONEY FROM YOUR ACCOUNT WITHOUT YOUR PERMISSION, CALL US IMMEDIATELY, DURING BANKING SERVICE HOURS: MONDAY THROUGH FRIDAY BETWEEN THE HOURS OF 8:00 A.M. AND 6:00 P.M., SATURDAY BETWEEN 9:00 A.M. AND 3:00 P.M., OR SUNDAY BETWEEN THE HOURS OF 11:00 A.M.AND A.M. AND 3:00 P.M., EASTERN TIME. CALL (000) 000-0000 OR TOLL FREE AT (000) 000-0000. YOU MAY WRITE US AT: CONTACT CENTER, 000 XXXXX XXXXXX, XXXXX, XX 00000. TO REPORT A LOST OR STOLEN DEBIT CARD BEFORE OR AFTER BANKING HOURS, PLEASE CALL CARD SERVICES AT 000-000-0000, option 3. Tell us AT ONCE if you believe your Card or your PIN has been lost, stolen or used without your permission. Telephoning is the best way of minimizing your losses. You can lose no more than $50 if you fail to give us timely notice of a lost or stolen Card or a disclosed PIN and someone uses your Card or PIN without your permission. Please notify us as soon as you are aware of any possible loss or theft. Business Days For purposes of this Agreement, our business days are Monday through Friday. Bank holidays are not included. Use of Your Card or Electronic Banking PIN By using your Card or PIN, you agree that:

Electronic Fund Transfer Disclosure. Salem Five offers a wide variety of electronic fund transfer services. For example, if you have preauthorized the transfer of funds from your account to third parties, if you have authorized direct deposits to your account, if you use our AccessLine or Online Banking Services, or if you have a Salem Five ATM card or Salem Five debit card (both referred to in this Agreement as “Card”), you have subscribed to electronic banking services. Your use of the electronic banking services to which you have subscribed will be subject to the terms and conditions of this Agreement and any other agreement specific to the service you use. Laws have been enacted by Congress and the Massachusetts Legislature that define the rights and responsibilities of the Bank in providing electronic fund transfer services to consumers and your rights and responsibilities as a consumer utilizing these services. In order for you to understand your rights under the federal Electronic Fund Transfer Act and Chapter 167B of the Massachusetts General Laws, we are providing you with the following disclosures. In addition to these federal and state laws, Federal Reserve Regulation E and the rules of NACHA Electronic Payments Association apply to your electronic transfers. Consumers who utilize or intend to utilize Salem Five’s Online Banking Services to view their accounts, transfer funds or pay bills should also refer to the disclosure entitled Salem Five Online Banking Agreement, which describes additional terms and conditions pertaining specifically to those services. Disclosure of Consumer’s Liability for Unauthorized Transfers IF YOU BELIEVE YOUR CARD OR PERSONAL IDENTIFICATION NUMBER (“PIN”) HAS BEEN LOST OR STOLEN OR THAT SOMEONE HAS TRANSFERRED OR MAY TRANSFER MONEY FROM YOUR ACCOUNT WITHOUT YOUR PERMISSION, CALL US IMMEDIATELY, DURING BANKING SERVICE HOURS: MONDAY THROUGH FRIDAY BETWEEN THE HOURS OF 8:00 A.M. AND 6:00 P.M., SATURDAY BETWEEN 9:00 A.M. AND 3:00 P.M., OR SUNDAY BETWEEN THE HOURS OF 11:00 A.M.AND 3:00 P.M., EASTERN TIME. CALL (000) 000-0000 OR TOLL FREE AT (000) 000-0000. YOU MAY WRITE US AT: CONTACT CENTER, 000 XXXXX XXXXXX, XXXXX, XX 00000. TO REPORT A LOST OR STOLEN DEBIT CARD BEFORE OR AFTER BANKING HOURS, PLEASE CALL CARD SERVICES AT 000800-000850-00005000, option 3. Tell us AT ONCE if you believe your Card or your PIN has been lost, stolen or used without your permission. Telephoning is the best way of minimizing your losses. You can lose no more than $50 if you fail to give us timely notice of a lost or stolen Card or a disclosed PIN and someone uses your Card or PIN without your permission. Please notify us as soon as you are aware of any possible loss or theft. Business Days For purposes of this Agreement, our business days are Monday through Friday. Bank holidays are not included. Use of Your Card or Electronic Banking PIN By using your Card or PIN, you agree that: