Common use of PERFORMING A TRANSACTION Clause in Contracts

PERFORMING A TRANSACTION. The earliest possible Scheduled Payment Date for each Payee (typically four (4) or fewer Business Days from the current date) will be designated within the application when you are scheduling the payment. Therefore, the application will not permit you to select a Scheduled Payment Date earlier than the earliest possible payment date designated for each Payee. When scheduling payments, you must select a Scheduled Payment Date that is no later than the actual Due Date reflected on your Payee statement unless the Due Date falls on a non‐Business Day. If the actual Due Date falls on a non‐Business Day, you must select a Scheduled Payment Date that is at least one (1) Business Day before the actual Due Date. Scheduled Payment Dates must be prior to any late date or grace period. You are solely responsible for selecting the appropriate date on which to send your payment. A Recurring Payment is a regularly scheduled payment with minor changes in the dollar amount (i.e. your mortgage, rent or insurance payment). Recurring Payments may be scheduled in weekly, semi‐monthly or monthly intervals as outlined within Online Bill Paying. We reserve the right to select the method in which we remit funds on your behalf to your Payee. These payment methods may include, but may not be limited to, an electronic payment, an electronic‐to‐check payment, or a laser draft payment (funds remitted to the Payee are deducted from your Payment Account when the laser draft is presented to your financial institution for payment). You may cancel or edit any Scheduled Payment (including recurring payments) by following the directions found within Online Banking. There is no charge for canceling or editing a Scheduled Payment. Once we have begun processing a payment it cannot be cancelled or edited, therefore a stop payment request must be submitted. You must cancel, change or place a stop payment order on a previously authorized Bill Payment transaction prior to 10 PM Eastern Time on the Business Day the payment is scheduled to be processed. Please see “Electronic Fund Transfer Act Disclosures” attached above for more information on stop payment requests.

PERFORMING A TRANSACTION. The earliest possible Scheduled Payment Date for each Payee (typically four five (45) or fewer Business Days from the current date) will be designated within the application when you are scheduling the payment. Therefore, the application will not permit you to select a Scheduled Payment Date earlier than the earliest possible payment date designated for each Payee. When scheduling payments, you must select a Scheduled Payment Date that is no later than the actual Due Date reflected on your Payee statement unless the Due Date falls on a non‐Business Day. If the actual Due Date falls on a non‐Business Day, you must select a Scheduled Payment Date that is at least one (1) Business Day before the actual Due Date. Scheduled Payment Dates must be prior to any late date or grace period. You are solely responsible for selecting the appropriate date on which to send your payment. A Recurring Payment is a regularly scheduled payment with minor changes in the dollar amount (i.e. your mortgage, rent or insurance payment). Recurring Payments may be scheduled in weekly, semi‐monthly or monthly intervals as outlined within Online Bill Paying. Please note that Recurring Payment due dates that fall on a non‐Business Day will be pushed forward to the next Business Day. We reserve the right to select the method in which we remit funds on your behalf to your Payee. These payment methods may include, but may not be limited to, an electronic payment, an electronic‐to‐check payment, or a laser draft payment (funds remitted to the Payee are deducted from your Payment Account when the laser draft is presented to your financial institution for payment). You may cancel or edit any Scheduled Payment (including recurring payments) by following the directions found within Online or Mobile Banking. There is no charge for canceling or editing a Scheduled Payment. Once we have begun processing a payment it cannot be cancelled or edited, therefore a stop payment request must be submitted. You must cancel, change or place a stop payment order on a previously authorized Bill Payment transaction prior to 10 10:00 PM Eastern Time on the Business Day the payment is scheduled to be processed. Please see “Electronic Fund Transfer Act Disclosures” attached above for more information on stop payment requests.

PERFORMING A TRANSACTION. The earliest possible Scheduled Payment Date for each Payee (typically four five (45) or fewer Business Days from the current date) will be designated within the application when you are scheduling the payment. Therefore, the application will not permit you to select a Scheduled Payment Date earlier than the earliest possible payment date designated for each Payee. When scheduling payments, you must select a Scheduled Payment Date that is no later than the actual Due Date reflected on your Payee statement unless the Due Date falls on a non‐Business Day. If the actual Due Date falls on a non‐Business Day, you must select a Scheduled Payment Date that is at least one (1) Business Day before the actual Due Date. Scheduled Payment Dates must be prior to any late date or grace period. You are solely responsible for selecting the appropriate date on which to send your payment. Depending on the method of payment, your Payment Account may be debited prior to the Scheduled Payment Date. For example, if the selected method of payment is a draft check drawn on your account, the draft check arrives earlier than the Scheduled Payment Date due to expedited delivery by the postal service, and the Xxxxxx immediately deposits the draft check, your Payment Account may be debited earlier than the Scheduled Payment Date. A Recurring Payment is a regularly scheduled payment with minor changes in the dollar amount (i.e. your mortgage, rent or insurance payment). Recurring Payments may be scheduled in weekly, semi‐monthly or monthly intervals as outlined within Online Bill Paying. Please note that Recurring Payment due dates that fall on a non‐Business Day will be pushed forward to the next Business Day. We reserve the right to select the method in which we remit funds on your behalf to your Payee. These payment methods may include, but may not be limited to, an electronic payment, an electronic‐to‐check payment, or a laser draft payment (funds remitted to the Payee are deducted from your Payment Account when the laser draft is presented to your financial institution for payment). You may cancel or edit any Scheduled Payment (including recurring payments) by following the directions found within Online or Mobile Banking. There is no charge for canceling or editing a Scheduled Payment. Once we have begun processing a payment it cannot be cancelled or edited, therefore a stop payment request must be submitted. You must cancel, change or place a stop payment order on a previously authorized Bill Payment transaction prior to 10 10:00 PM Eastern Time on the Business Day the payment is scheduled to be processed. Please see “Electronic Fund Transfer Act Disclosures” attached above for more information on stop payment requests.