Common use of Posting Order Clause in Contracts

Posting Order. Generally, for each Business Day, we process transactions that took place before the Cut Off Time such that we Post deposits and other credits to your Account that increase your Current Balance before we process and Post other Items such as checks, Electronic Funds Transaction debits, and other debit transactions that reduce your Current Balance. We will process and Post to your account credit Items that we receive for payment in any order that we determine at our sole discretion – regardless of the time during the Business Day in which each Item occurred or that an Item is received by us. The order in which we process and Post debit items to your Account can be affected by the manner in which we receive those Items and whether we authorized those items for payment at or before the time that we received them. For example, we authorize some Electronic Payment Transaction Items, such as debit card purchases and ATM withdrawals, at the time you initiate the transaction, but we may not receive those Items to Post to your Account from the merchant for several Business Days. Other items we might not be aware of and are not asked to approve at the time of the transaction, such as checks you’ve written or ACH payments you’ve initiated. We don’t know about those transactions until we receive them. In connection with the order in which Items are Posted to your Account as set forth below, we have the right to establish the

Posting Order. Generally, for each Business Day, we process transactions that took place before the Cut Off Time such that we and Post deposits and other credits to your Account that increase your Current Balance before we process and Post other Items such as checks, Electronic Funds Transaction debits, and other debit transactions that reduce your Current Balance. We will process and Post to your account credit Items that we receive for payment in any order that we determine at our sole discretion – regardless of the time during the Business Day in which each Item occurred or that an Item is received by us. The order in which we process and Post debit items to your Account can be affected by the manner in which we receive those Items and whether we authorized those items for payment at or before the time that we received them. For example, we authorize some Electronic Payment Transaction Items, such as debit card purchases and ATM withdrawals, withdrawals at the time you initiate the transaction, but we may not receive those Items to Post to your Account from the merchant for several Business Days. Other There are other items that we might are not be aware of and are not asked to approve at the time of the transaction, such as checks you’ve written or ACH payments you’ve initiated. We don’t know about those transactions until we receive them. In connection with the order in which Items are Posted to your Account as set forth below, we have the right to establish the