Common use of Posting Order and Processing Clause in Contracts

Posting Order and Processing. Posting order is the order in which we apply deposits and withdrawals to your Account. We provide you with visibility into how transactions are posted and in what order to help you better manage your account. We process transactions each Business Day. We credit and debit your Account in the order in which each transaction is presented to us or our SoFi Third‐Party Partner. Transactions will be honored to the extent your Account has available funds (subject to Overdraft Coverage amounts, if applicable), to cover the full amount of each transaction at the time it is received. If you use your SoFi Bank Debit Card to make a purchase, ATM withdrawal, etc., the amount of the purchase or withdrawal will be immediately deducted from your available funds when it is approved; such amounts will not be available to cover other purchases, transfers, or withdrawals, including, but not limited to, any checks presented for payment.