Common use of ELECTRONIC FUND TRANSFERS DISCLOSURE Clause in Contracts

ELECTRONIC FUND TRANSFERS DISCLOSURE. YOUR RIGHTS AND RESPONSIBILITIES Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which may not apply to your account. Please read this disclosure carefully because it tells you your rights and obligations for the transactions listed. You should keep this notice for future reference. BUSINESS DAYS For purposes of these disclosures, our business days are Monday through Friday, excluding Saturdays, Sundays, and federal holidays. STOP PAYMENT Please refer to the Credit Union’s Consumer Member Account Agreement for additional instructions and terms applicable to stop payment requests. Fees for stop payments are disclosed in the Consumer Fee Schedule. TRANSACTION FEES The current Consumer Fee Schedule states the costs associated with certain services that may be charged to you. The Credit Union may deduct such charges against any account except accounts where our right to deduct is prohibited by law. CONFIDENTIALITY We will disclose information to third parties about your account or the transfers you make: • Where it is necessary for completing transfers. • In order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant. • In order to comply with government agency or court orders. • If unable to complete an electronic funds transfer due to non-suf- ficient funds. • If you give us written consent. • As explained in the separate Privacy Policy. DOCUMENTATION TERMINAL TRANSFERS You can get a receipt at the time you make a transfer to or from your account using an automated teller machine or point-of-sale terminal. However, you may not get a receipt if the amount of the transfer is under a minimum amount established by the terminal owner. PREAUTHORIZED CREDITS If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you can contact us using any of the options listed under Contacting Member One Federal Credit Union to find out whether or not the deposit has been made. PERIODIC STATEMENTS You will receive a periodic statement for each monthly cycle in which an electronic funds transfer has occurred on your account, and at least quarterly if no transfer has occurred. Dormant accounts are treated separately, please ask a representative for details. PREAUTHORIZED PAYMENTS If you have told us in advance to make regular payments out of your account, you can stop any of these payments. Call or write us at the telephone number or address listed in this brochure in time for us to receive your request 3 business days or more before the payment is scheduled to be made. If you call, we may also require you to put your request in writing and submit it to us within 14 days after you call. Please refer to our Consumer Fee Schedule for the amount we will charge you for each stop-payment order you give. • Notice of varying amounts – If these regular payments may vary in amount, the person you are going to pay will tell you, 10 days before each payment, when it will be made and how much it will be. (You may choose instead to get this notice only when the payment would differ by more than a certain amount from the previous payment, or when the amount would fall outside certain limits that you set.) • Liability for failure to stop payment of preauthorized transfer. If you order us to stop one of these payments 3 business days or more before the transfer is scheduled, and we do not do so, we may be liable for your losses or damages.

ELECTRONIC FUND TRANSFERS DISCLOSURE. YOUR RIGHTS AND RESPONSIBILITIES Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which may not apply to your account. Please read this disclosure carefully because it tells you your rights and obligations for the transactions listed. You should keep this notice for future reference. For more information, please refer to the Business Online Banking and Master Cash Management Agreement for Member One Federal Credit Union. BUSINESS DAYS For purposes of these disclosures, our business days are Monday through Friday, excluding Saturdays, Sundays, and federal holidays. STOP PAYMENT Please refer to the Credit Union’s Consumer Business Member Account Agreement for additional instructions and terms applicable to stop payment requests. Fees for stop payments are disclosed in the Consumer Business Account Fee Schedule. TRANSACTION FEES The current Consumer Fee Schedule states the costs associated with certain services that may be charged to you. The Credit Union may deduct such charges against any account except accounts where our right to deduct is prohibited by law. ATM OPERATOR/NETWORK FEES When you use an ATM not owned by us, you may be charged a fee by the ATM operator, by us, and/or any network used (and you may be charged a fee for a balance inquiry even if you do not complete a fund transfer). See business fee schedule for the Credit Union related fees. CONFIDENTIALITY We will disclose information to third parties about your account or the transfers you make: • Where it is necessary for completing transfers. • In order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant. • In order to comply with government agency or court orders. • If unable to complete an electronic funds transfer due to non-suf- ficient nonsuffi- cient funds. • If you give us written consent. • As explained in the separate Privacy Policy. DOCUMENTATION TERMINAL TRANSFERS You can get a receipt at the time you make a transfer to or from your account using an automated teller machine or point-of-sale terminal. However, you may not get a receipt if the amount of the transfer is under a minimum amount established by the terminal owner. PREAUTHORIZED CREDITS If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you can contact us using any of the options listed under Contacting Member One Federal Credit Union to find out whether or not the deposit has been made. PERIODIC STATEMENTS You will receive a periodic statement for each monthly cycle in which an electronic funds transfer has occurred on your account, and at least quarterly if no transfer has occurred. Dormant accounts are treated separately, please ask a representative for details. PREAUTHORIZED PAYMENTS If you have told us in advance to make regular payments out of your account, you can stop any of these payments. Call or write us at the telephone number or address listed in this brochure in time for us to receive your request 3 business days or more before the payment is scheduled to be made. If you call, we may also require you to put your request in writing and submit it to us within 14 days after you call. Please refer to our Consumer Fee Schedule for the amount we will charge you for each stop-payment order you give. • Notice of varying amounts – If these regular payments may vary in amount, the person you are going to pay will tell you, 10 days before each payment, when it will be made and how much it will be. (You may choose instead to get this notice only when the payment would differ by more than a certain amount from the previous payment, or when the amount would fall outside certain limits that you set.) • Liability for failure to stop payment of preauthorized transfer. If you order us to stop one of these payments 3 business days or more before the transfer is scheduled, and we do not do so, we may be liable for your losses or damages.