Common use of Our Rights on Your Deposit Clause in Contracts

Our Rights on Your Deposit. When we agree to take your deposits we are providing you a ser- vice by saving you the time and expense of having to go to the paying institution to receive your funds. In providing this service, we will credit the amount of the deposit to the account you have with us. However, depending on the type of deposit, we may hold some or all of the funds from the deposit. We may also refuse or return a deposit if we believe it is necessary to prevent you and us from incurring a loss. If we elect to hold funds from your deposit the time period for the hold will depend on 1) the type of deposit (cash, check, wire, etc.), 2) the amount, 3) the account it goes into, 4) the source of funds, 5) our ability to verify persons, organizations and institutions issuing, negotiating and making payment, and 6) any other facts we consider important. In addition to this Provision, we encourage you to review the “Funds Availability of Deposits” dis- closure, which is part of the MSA and found at the end of this You understand if we make funds available to you from a check you deposit (in cash or otherwise) we are only providing you with credit, and are not cashing, promising or guaranteeing payment of the check you deposited. Please be aware any check you deposit that is drawn on another financial institution can come back to us for a number of reasons. For reference, we group these reasons into two categories: non- payment reasons (such as, but not limited to, insufficient funds, stop payment, closed account) and fraud reasons (such as altera- tions or forgeries). It may take as many as nine days (seven busi- ness days and two weekend days (and in some instances more)) for your deposited check to be returned by the paying institution for a nonpayment reason. If there is a fraud problem with the check, the paying institution may make a claim against us (even after the check has been paid) and demand repayment for the amount of the check for several years after you deposit the check (the number of years varies by state). If your deposited check is returned unpaid or we are required to repay the amount of the check for any reason, you are responsible for the amount of the check and all related ser- vice charges and costs. Accordingly, when we take your checks drawn on other institutions for deposit, to attempt to prevent losses for you and us, you agree we may hold the funds from the depos- ited check for a period of time. Also please see the “Funds Availa- bility of Deposits” disclosure at the end of this Part 2. If we have reasonable cause to doubt collectability of a check you offer for deposit (typically for a nonpayment or fraud reason), we may hold the funds from the check. If we hold the funds in a checking account, we will provide you with a notice of the status of your deposit and when the funds will be available. If we believe there may be a problem with a check, we may choose to not take the check for de- posit unless you agree that we may place an extended hold on the funds of the check offered for deposit. The extended hold is for your and our protection to determine if the check will be paid or is not subject to a fraud claim. In such cases, if you do not want us to place an extended hold on the funds, please tell us before we have pro- cessed the check for payment and we will return the check to you so you may obtain payment elsewhere. In some instances, we may require the check to be deposited into a savings account that has transactional limitations, with the funds held for an extended number of days. We may provide you with a notice of the status of your deposit and when the funds will be avail- able. We may choose to not allow you to deposit the check unless you consent to an extended hold on the funds of the check. The extended hold is for your and our protection because it gives us time to attempt to determine if the check will be paid and is not subject to a fraud claim. If you do not want us to deposit the check to a savings account and place an extended hold on the funds, please tell us before we have processed the check for payment and we will return the check to you so you may obtain payment elsewhere. On your request and consent, we may also send a check you offer for deposit for special collection. Special collection means that we will not deposit the check in an account, but rather send the check directly to the paying institution for payment (for which there may be a service charge). You understand if we send the check for spe- cial collection, no funds will be deposited to an account you have with us until the paying institution agrees to pay the check. If we send the check for special collection it may take an extended (in- determinate) amount of time for the check to be finally paid. If you do not want us to send a check you offer for deposit for special collection, please tell us and we will return the check to you so you may obtain payment elsewhere. ~ Please be aware that we have no way to guarantee that any check you offer for deposit that is not drawn on our Credit Union will not be sent back to us for a nonpayment, fraud or other reason that requires us to repay the amount of the check. This is true even if we place a hold on funds from the check or send it for special collection. You understand if the check comes back to us and we are required to repay it, you are responsible for the amount of the check, and all related service charges and costs. You also agree that before you deposit a check, you will tell us about any circumstances or infor- mation you are aware of that could indicate the check may not be paid, or may be fraudulent or issued in connection with an illegiti- mate, unlawful or fictitious transaction or enterprise. You understand, regardless of the facts, circumstances and information you disclose about the check, you are still completely responsible for the amount of the check and all service charges and costs if it is dishonored, returned or a claim is made. Further, you understand that for your and our protection, prior to or after your deposit, should we believe there is a problem with the check you have offered for deposit, we may refuse to take the check and may return it to you so you may obtain payment elsewhere. Alternatively, if you request us to take a check for deposit and we believe there is a fraud problem with the check, for your and our protection you agree we may retain the check to determine if the check is fraudulent, and if so, the identity of the perpetrator of the fraud. You understand that our retention of the check protects you and us from incurring a loss on the check. You agree that in such cases, our retention of the check is not wrongful because the check may substantiate the commission of a crime, and our retention of the check avoids additional potential crimes. Follow- ing appropriate due diligence, if we determine the check is not fraud- ulent, we may take the check for deposit or return the check to you. Finally, if we believe there is a problem with a check and elect to return the check to you, you agree we may note the problem on the face of the check to alert branches and institutions of any potential fraud or nonpayment problem. You understand that if you do not want us to retain or make a notation on a check with a potential prob- lem, you should not offer the check to us, because once the check is offered for deposit it has potentially involved us in a criminal or non- payment and collection matter.

Our Rights on Your Deposit. When we agree to take your deposits deposits, we are providing you a ser- vice service by saving you the time and expense of having to go to the paying institution to receive your funds. In providing this service, we will credit the amount of the deposit to the account you have with us. However, depending on the type of deposit, we may hold some or all of the funds from the deposit. We may also refuse or return a deposit if we believe it is necessary to prevent you and us from incurring a loss. If we elect to hold funds from your deposit de- posit the time period for the hold will depend on 1) the type of deposit de- posit (cash, check, wire, etc.), 2) the amount, 3) the account it goes into, 4) the source of funds, 5) our ability to verify persons, organizations and institutions issuing, negotiating and making payment, and 6) any other facts we consider important. In addition addi- tion to this Provision, we encourage you to review the “Funds Availability of DepositsDisclosure,” dis- closure, which is part of the MSA and found at the end of this Part 2. You understand if we make funds available to you from a check you deposit (in cash or otherwise) we are only providing you with credit, and are not cashing, promising or guaranteeing guar- anteeing payment of the check that you deposited. Please be aware that any check you deposit that is drawn on another an- other financial institution can come back to us for a number of reasons. For reference, we group these reasons into two categoriescatego- xxxx: non- payment nonpayment reasons (such as, as but not limited to, to insufficient funds, stop payment, closed account) and fraud reasons (such as altera- tions alterations or forgeries). It may take as many as nine days (seven busi- ness business days and two weekend days (and in some instances more)) for your deposited check to be returned by the paying institution for a nonpayment reason. If there is a fraud problem with the check, the paying institution insti- tution may make a claim against us (even after the check has been paid) and demand repayment for the amount of the check for several years after you deposit the check (the number of years varies by state). If your deposited check is returned unpaid or we are required to repay the amount of the check for any reason, you are responsible for the amount of the check and all related ser- vice charges fees and costs. Accordingly, when we take your checks drawn on other oth- er institutions for deposit, to attempt to prevent losses for you and us, you agree we may hold the funds from the depos- ited deposited check for a period of time. Also please see the “Funds Availa- bility of DepositsAvailability Dis- closure” disclosure at the end of this Part 2. If we have reasonable cause to doubt collectability of a check you offer for deposit (typically for a nonpayment or fraud reason), we may hold the funds from the check. If we hold the funds in a checking account, we will provide you with a notice of the status of your deposit and when the funds will be available. If we believe there may be a problem with a check, we may choose to not take the check for de- posit deposit unless you agree that we may place an extended ex- tended hold on the funds of the check offered for deposit. The extended hold is for your and our protection to determine if the check will be paid or is not subject to a fraud claimpaid. In such cases, if you do not want us to place an extended hold on the funds, please tell us before we have pro- cessed processed the check for payment and we will return the check to you so that you may obtain ob- tain payment elsewhere. In some instances, we may require the check to be deposited into a savings account that has transactional limitations, with the funds held for an extended number period of daystime. We may provide you with a notice of the status of your deposit and when the funds will be avail- ableavailable. We may choose to not allow you to deposit the check unless you consent to an extended hold on the funds of the check. The extended hold is for your and our protection because it gives us time to attempt to determine if the check will be paid and is not subject to a fraud claimpaid. If you do not want us to deposit the check to a savings account and place an extended hold on the funds, please tell us before we have processed the check for payment and we will return the check to you so that you may obtain payment elsewhere. On your request and consent, we may also send a check you offer of- fer for deposit for special collection. Special collection means that we will not deposit the check in an account, but rather send the check directly to the paying institution for payment ([for which there may be a service charge)fee]. You understand that if we send the check for spe- cial special collection, no funds will be deposited to an account you have with us until the paying institution agrees to pay the check. If we send the check for special collection it may take an extended (in- determinate) amount of time for the check to be finally paid. If you do not want us to send a check you offer for deposit for special collection, please tell us before we take it and we will return the check to you so that you may obtain payment elsewhere. ~ Please be aware that we have no way to guarantee that any check you offer for deposit (that is not drawn on our Credit Union us) will not be sent back to us for a nonpayment, fraud or other reason that requires us to repay the amount of the check. This is true even if we place a hold on funds from the check or send it for special collection. You understand un- derstand if the check comes back to us and we are required to repay re- pay it, you are responsible for the amount of the check, and all related service charges re- lated fees and costs. You also agree that before you deposit a check, you will tell us about any circumstances or infor- mation information you are aware of that could indicate the check may not be paid, or may be fraudulent or issued in connection with an illegiti- mateillegitimate, unlawful or fictitious transaction or enterprise. You understand, regardless understand that regard- less of the facts, circumstances and information you disclose about the check, you are still completely responsible for the amount of the check and all service charges fees and costs if it is dishonored, returned or a claim is made. Further, you understand that for your and our protection, prior to or after your deposit, should we believe there is a problem with the check you have offered for deposit, we may refuse to take the check and may return it to you so that you may obtain payment elsewhere. Alternatively, if you request us to take a check for deposit de- posit and we believe there is a fraud problem with the check, for your and our protection you agree we may retain the check to determine xx- xxxxxxx if the check is fraudulent, and if so, the identity of the perpetrator per- petrator of the fraud. You understand that our retention of the check protects you and us from incurring a loss on the check. You agree that in such cases, our retention of the check is not wrongful because be- cause the check may substantiate the commission of a crime, and our retention of the check avoids additional potential crimes. Follow- ing Fol- lowing appropriate due diligence, if we determine the check is not fraud- ulentfraudulent, we may take the check for deposit or return the check to you. Finally, if we believe there is a problem with a check and elect to return the check to you, you agree we may note the problem on the face of the check to alert branches and institutions of any potential po- tential fraud or nonpayment problem. You understand that if you do not want us to retain or make a notation on a check with a potential prob- lemproblem, you should not offer the check to us, because once the check is offered for deposit it has potentially involved us in a criminal xxxxx- nal or non- payment nonpayment and collection matter.

Our Rights on Your Deposit. When we agree to take your deposits we are providing you a ser- vice by saving you the time and expense of having to go to the paying institution to receive your funds. In providing this service, we will credit the amount of the deposit to the account you have with us. However, depending on the type of deposit, we may hold some or all of the funds from the deposit. We may also refuse or return a deposit if we believe it is necessary to prevent you and us from incurring a loss. If we elect to hold funds from your deposit de- posit the time period for the hold will depend on 1) the type of deposit de- posit (cash, check, wire, etc.), 2) the amount, 3) the account it goes into, 4) the source of funds, 5) our ability to verify persons, organizations and institutions issuing, negotiating and making payment, and 6) any other facts we consider important. In addition addi- tion to this Provision, we encourage you to review the “Funds Availability of Deposits” dis- closuredisclosure, which is part of the MSA BSA and found at the end of this Part 2. You understand if we make funds available to you from a check you deposit (in cash or otherwise) we are only providing you with credit, and are not cashing, promising prom- ising or guaranteeing payment of the check you deposited. Please be aware any check you deposit that is drawn on another financial institution can come back to us for a number of reasons. For reference, we group these reasons into two categories: non- payment reasons (such as, but not limited to, insufficient funds, stop payment, closed account) and fraud reasons (such as altera- tions or forgeries). It may take as many as nine days (seven busi- ness days and two weekend days (and in some instances more)) for your deposited check to be returned by the paying institution for a nonpayment reason. If there is a fraud problem with the check, the paying institution may make a claim against us (even after the check has been paid) and demand repayment for the amount of the check for several years after you deposit the check (the number of years varies by state). If your deposited check is returned unpaid or we are required to repay the amount of the check for any reason, you are responsible for the amount of the check and all related ser- vice charges and costs. Accordingly, when we take your checks drawn on other institutions for deposit, to attempt to prevent losses for you and us, you agree we may hold the funds from the depos- ited deposit- ed check for a period of time. Also please see the “Funds Availa- bility Availability of Deposits” disclosure at the end of this Part 2. If we have reasonable cause to doubt collectability of a check you offer for deposit (typically for a nonpayment or fraud reason), we may hold the funds from the check. If we hold the funds in a checking check- ing account, we will provide you with a notice of the status of your deposit and when the funds will be available. If we believe there may be a problem with a check, we may choose to not take the check for de- posit deposit unless you agree that we may place an extended hold on the funds of the check offered for deposit. The extended hold is for your and our protection to determine if the check will be paid or is not subject to a fraud claim. In such cases, if you do not want us to place an extended hold on the funds, please tell us before be- fore we have pro- cessed processed the check for payment and we will return the check to you so you may obtain payment elsewhere. In some instances, we may require the check to be deposited into a savings account that has transactional limitations, with the funds held for an extended number of days. We may provide you with a notice of the status of your deposit and when the funds will be avail- ableavailable. We may choose to not allow you to deposit the check unless you consent to an extended hold on the funds of the check. The extended hold is for your and our protection because it gives us time to attempt to determine if the check will be paid and is not subject to a fraud claim. If you do not want us to deposit depos- it the check to a savings account and place an extended hold on the funds, please tell us before we have processed the check for payment and we will return the check to you so you may obtain payment elsewhere. On your request and consent, we may also send a check you offer of- fer for deposit for special collection. Special collection means that we will not deposit the check in an account, but rather send the check directly to the paying institution for payment (for which there may be a service charge). You understand if we send the check for spe- cial special collection, no funds will be deposited to an account ac- count you have with us until the paying institution agrees to pay the check. If we send the check for special collection it may take an extended (in- determinateindeterminate) amount of time for the check to be finally paid. If you do not want us to send a check you offer for deposit for special collection, please tell us and we will return the check to you so you may obtain payment elsewhere. ~ Please be aware that we have no way to guarantee that any check you offer for deposit that is not drawn on our Credit Union will not be sent back to us for a nonpayment, fraud or other reason rea- son that requires us to repay the amount of the check. This is true even if we place a hold on funds from the check or send it for special collection. You understand if the check comes back to us and we are required to repay it, you are responsible for the amount of the check, and all related service charges and costs. You also agree that before you deposit a check, you will tell us about any circumstances or infor- mation information you are aware of that could indicate the check may not be paid, or may be fraudulent or issued in connection with an illegiti- mateillegitimate, unlawful or fictitious transaction or enterprise. You understand, regardless of the facts, circumstances and information you disclose about the check, you are still completely responsible for the amount of the check and all service charges and costs if it is dishonored, returned or a claim is made. Further, you understand that for your and our protectionpro- tection, prior to or after your deposit, should we believe there is a problem with the check you have offered for deposit, we may refuse re- fuse to take the check and may return it to you so you may obtain payment elsewhere. Alternatively, if you request us to take a check for deposit and we believe there is a fraud problem with the check, for your and our protection you agree we may retain the check to determine if the check is fraudulent, and if so, the identity identi- ty of the perpetrator of the fraud. You understand that our retention reten- tion of the check protects you and us from incurring a loss on the check. You agree that in such cases, our retention of the check is not wrongful because the check may substantiate the commission of a crime, and our retention of the check avoids additional potential poten- tial crimes. Follow- ing Following appropriate due diligence, if we determine the check is not fraud- ulentfraudulent, we may take the check for deposit or return the check to you. Finally, if we believe there is a problem with a check and elect to return the check to you, you agree we may note the problem on the face of the check to alert branches and institutions of any potential fraud or nonpayment problem. You understand that if you do not want us to retain or make a notation no- tation on a check with a potential prob- lemproblem, you should not offer the check to us, because once the check is offered for deposit it has potentially involved us in a criminal or non- payment nonpayment and collection col- lection matter.

Our Rights on Your Deposit. When we agree to take your deposits we are providing you a ser- vice service by saving you the time and expense of having to go to the paying institution to receive your funds. In providing this service, we will credit the amount of the deposit to the account you have with us. However, depending on the type of deposit, we may hold some or all of the funds from the deposit. We may also refuse or return a deposit if we believe it is necessary to prevent you and us from incurring a loss. If we elect to hold funds from your deposit the time period for the hold will depend on 1) the type of deposit (cash, check, wire, etc.), 2) the amount, 3) the account it goes into, 4) the source of funds, 5) our ability to verify persons, organizations and institutions issuing, negotiating negotiat- ing and making payment, and 6) any other facts we consider important. In addition to this Provision, we encourage you to review the “Funds Availability of Deposits” dis- closure, which is part of the MSA and found at the end of this You understand if we make funds available to you from a check you deposit (in cash or otherwise) we are only providing you with credit, and are not cashing, promising or guaranteeing payment pay- ment of the check you deposited. Please be aware any check you deposit that is drawn on another financial institution can come back to us for a number of reasons. For reference, we group these reasons rea- sons into two categories: non- payment nonpayment reasons (such as, but not limited to, insufficient insuffi- cient funds, stop payment, closed account) and fraud reasons (such as altera- tions alterations or forgeries). It may take as many as nine days (seven busi- ness business days and two weekend week- end days (and in some instances more)) for your deposited check to be returned by the paying institution for a nonpayment reason. If there is a fraud problem with the check, the paying institution may make a claim against us (even after the check has been paid) and demand repayment for the amount of the check for several years after you deposit the check (the number of years varies by state). If your deposited check is returned unpaid or we are required to repay the amount of the check for any reason, you are responsible for the amount of the check and all related ser- vice service charges and costs. Accordingly, when we take your checks drawn on other institutions institu- tions for deposit, to attempt to prevent losses for you and us, you agree we may hold the funds from the depos- ited deposited check for a period of time. Also please see the “Funds Availa- bility Availability of Deposits” disclosure at the end of this Part 2. If we have reasonable cause to doubt collectability of a check you offer for deposit (typically typ- ically for a nonpayment or fraud reason), we may hold the funds from the check. If we hold the funds in a checking account, we will provide you with a notice of the status of your deposit and when the funds will be available. If we believe there may be a problem with a check, we may choose to not take the check for de- posit deposit unless you agree that we may place an extended hold on the funds of the check offered for deposit. The extended ex- tended hold is for your and our protection to determine if the check will be paid or is not subject to a fraud claim. In such cases, if you do not want us to place an extended hold on the funds, please tell us before we have pro- cessed processed the check for payment and we will return the check to you so you may obtain payment elsewhere. In some instances, we may require the check to be deposited into a savings account that has transactional limitations, with the funds held for an extended number of days. We may provide you with a notice of the status of your deposit and when the funds will be avail- ableavailable. We may choose to not allow you to deposit the check unless you consent to an extended hold on the funds of the check. The extended hold is for your and our protection because it gives us time to attempt to determine if the check will be paid and is not subject to a fraud claim. If you do not want us to deposit the check to a savings account and place an extended hold on the funds, please tell us before we have processed the check for payment and we will return the check to you so you may obtain payment elsewhere. On your request and consent, we may also send a check you offer for deposit for special spe- cial collection. Special collection means that we will not deposit the check in an accountac- count, but rather send the check directly to the paying institution for payment (for which there may be a service charge). You understand if we send the check for spe- cial collectionspecial collec- tion, no funds will be deposited to an account you have with us until the paying institution institu- tion agrees to pay the check. If we send the check for special collection it may take an extended (in- determinateindeterminate) amount of time for the check to be finally paid. If you do not want us to send a check you offer for deposit for special collection, please tell us and we will return the check to you so you may obtain payment elsewhere. ~ Please be aware that we have no way to guarantee that any check you offer for deposit that is not drawn on our Credit Union will not be sent back to us for a nonpayment, fraud or other reason that requires us to repay the amount of the check. This is true even if we place a hold on funds from the check or send it for special collection. You understand if the check comes back to us and we are required to repay it, you are responsible re- sponsible for the amount of the check, and all related service charges and costs. You also agree that before you deposit a check, you will tell us about any circumstances or infor- mation information you are aware of that could indicate the check may not be paid, or may be fraudulent or issued in connection with an illegiti- mateillegitimate, unlawful or fictitious transaction or enterprise. You understand, regardless of the facts, circumstances and information you disclose about the check, you are still completely responsible for the amount of the check and all service charges and costs if it is dishonored, returned or a claim is made. Further, you understand that for your and our protection, prior to or after your deposit, should we believe there is a problem with the check you have offered for deposit, we may refuse to take the check and may return it to you so you may obtain payment elsewhere. Alternatively, if you request us to take a check for deposit and we believe there is a fraud problem with the check, for your and our protection you agree we may retain the check to determine if the check is fraudulent, and if so, the identity of the perpetrator per- petrator of the fraud. You understand that our retention of the check protects you and us from incurring a loss on the check. You agree that in such cases, our retention of the check is not wrongful because the check may substantiate the commission of a crime, and our retention of the check avoids additional potential crimes. Follow- ing Following appropriate due diligence, if we determine the check is not fraud- ulentfraudulent, we may take the check for deposit or return the check to you. Finally, if we believe there is a problem with a check and elect to return the check to you, you agree we may note the problem on the face of the check to alert branches and institutions of any potential fraud or nonpayment problemprob- lem. You understand that if you do not want us to retain or make a notation on a check with a potential prob- lemproblem, you should not offer the check to us, because once the check is offered for deposit it has potentially involved us in a criminal or non- payment nonpayment and collection col- lection matter.

Our Rights on Your Deposit. When we agree to take your deposits deposits, we are providing you a ser- vice service by saving you the time and expense of having to go to the paying institution to receive your funds. In providing this service, we will credit the amount of the deposit to the account you have with us. However, depending on the type of deposit, we may hold some or all of the funds from the deposit. We may also refuse or return a deposit if we believe it is necessary to prevent you and us from incurring a loss. If we elect to hold funds from your deposit de- posit the time period for the hold will depend on 1) the type of deposit de- posit (cash, check, wire, etc.), 2) the amount, 3) the account it goes into, 4) the source of funds, 5) our ability to verify persons, organizations and institutions issuing, negotiating and making payment, and 6) any other facts we consider important. In addition addi- tion to this Provision, we encourage you to review the “Funds Availability of Deposits” dis- closuredisclosure, which is part of the MSA and found at the end of this Part 2. You understand if we make funds available to you from a check you deposit (in cash or otherwise) we are only providing you with credit, and are not cashing, promising prom- ising or guaranteeing payment of the check that you deposited. Please be aware that any check you deposit that is drawn on another an- other financial institution can come back to us for a number of reasons. For reference, we group these reasons into two categoriescatego- xxxx: non- payment nonpayment reasons (such as, as but not limited to, to insufficient funds, stop payment, closed account) and fraud reasons (such as altera- tions alterations or forgeries). It may take as many as nine days (seven busi- ness business days and two weekend days (and in some instances more)) for your deposited check to be returned by the paying institution for a nonpayment reason. If there is a fraud problem with the check, the paying institution insti- tution may make a claim against us (even after the check has been paid) and demand repayment for the amount of the check for several years after you deposit the check (the number of years varies by state). If your deposited check is returned unpaid or we are required to repay the amount of the check for any reason, you are responsible for the amount of the check and all related ser- vice service charges and costs. Accordingly, when we take your checks drawn on other institutions for deposit, to attempt to prevent losses for you and us, you agree we may hold the funds from the depos- ited deposited check for a period of time. Also please see the “Funds Availa- bility Availability of Deposits” disclosure at the end of this Part 2. If we have reasonable cause to doubt collectability of a check you offer for deposit (typically for a nonpayment or fraud reason), we may hold the funds from the check. If we hold the funds in a checking account, we will provide you with a notice of the status of your deposit and when the funds will be available. If we believe there may be a problem with a check, we may choose to not take the check for de- posit deposit unless you agree that we may place an extended ex- tended hold on the funds of the check offered for deposit. The extended hold is for your and our protection to determine if the check will be paid or is not subject to a fraud claimpaid. In such cases, if you do not want us to place an extended hold on the funds, please tell us before we have pro- cessed processed the check for payment and we will return the check to you so that you may obtain ob- tain payment elsewhere. In some instances, we may require the check to be deposited into a savings account that has transactional limitations, with the funds held for an extended number period of daystime. We may provide you with a notice of the status of your deposit and when the funds will be avail- ableavailable. We may choose not to not allow you to deposit the check unless you consent to an extended hold on the funds of the check. The extended hold is for your and our protection because it gives us time to attempt to determine if the check will be paid and is not subject to a fraud claimpaid. If you do not want us to deposit the check to a savings account and place an extended hold on the funds, please tell us before we have processed pro- cessed the check for payment and we will return the check to you so that you may obtain payment elsewhere. On your request and consent, we may also send a check you offer for deposit for special collection. Special collection means that we will not deposit the check in an account, but rather send the check directly to the paying institution for payment ([for which there may be a service charge)]. You understand that if we send the check for spe- cial special collection, no funds will be deposited to an account you have with us until the paying institution agrees to pay the check. If we send the check for special collection it may take an extended (in- determinateindetermi- nate) amount of time for the check to be finally paid. If you do not want us to send a check you offer for deposit for special collection, please tell us before we take it and we will return the check to you so that you may obtain payment elsewhere. ~ Please be aware that we have no way to guarantee that any check you offer for deposit (that is not drawn on our Credit Union us) will not be sent back to us for a nonpayment, fraud or other reason that requires us to repay the amount of the check. This is true even if we place a hold on funds from the check or send it for special collection. You understand un- derstand if the check comes back to us and we are required to repay re- pay it, you are responsible for the amount of the check, and all related re- lated service charges and costs. You also agree that before you deposit a check, you will tell us about any circumstances or infor- mation you are aware of that could indicate the check may not be paid, or may be fraudulent or issued in connection with an illegiti- mate, unlawful or fictitious transaction or enterprise. You understand, under- stand that regardless of the facts, circumstances and information you disclose about the check, you are still completely responsible for the amount of the check and all service charges and costs if it is dishonored, returned or a claim is made. Further, you understand that for your and our protection, prior to or after your deposit, should we believe there is a problem with the check you have offered of- fered for deposit, we may refuse to take the check and may return it to you so that you may obtain payment elsewhere. Alternatively, if you request us to take a check for deposit and we believe there is a fraud problem with the check, for your and our protection you agree we may retain the check to determine if the check is fraudulent, and if so, the identity of the perpetrator of the fraud. You understand that our retention of the check protects you and us from incurring a loss on the check. You agree that in such cases, our retention of the check is not wrongful because the check may substantiate the commission of a crime, and our retention of the check avoids additional addi- tional potential crimes. Follow- ing Following appropriate due diligence, if we determine the check is not fraud- ulentfraudulent, we may take the check for deposit or return the check to you. Finally, if we believe there is a problem with a check and elect to return the check to you, you agree we may note the problem on the face of the check to alert branches and institutions of any potential fraud or nonpayment problem. You understand that if you do not want us to retain or make a notation on a check with a potential prob- lemproblem, you should not offer the check to us, because once the check is offered for deposit de- posit it has potentially involved us in a criminal or non- payment nonpayment and collection matter.