Common use of Preauthorized EFTs Clause in Contracts

Preauthorized EFTs. ▪Direct Deposit. Upon instructions of (i) your employer, (ii) the Treasury Department or (iii) other financial institutions, Park Community Credit Union will accept direct deposits of your paycheck or federal recurring payments, such as Social Security, to your share and/or share draft account. ▪Preauthorized Debits. Upon instruction, we will pay certain recurring transactions from your share and share draft accounts. See “Transfer Limitations” for limits that may apply to these transactions. ▪Stop Payment Rights. If you have arranged in advance to make regular electronic funds transfers out of your account(s) for money you owe others, you may stop payment on these preauthorized transfers from your account. You must notify us orally or in writing at least three (3) business days before the scheduled date of transfer. We may require written confirmation of the stop payment order to be made within 14 days of any oral notification. If we do not receive the written confirmation, the oral stop payment order shall cease to be binding 14 days after it was made.

Preauthorized EFTs. ▪Direct Deposit. Upon instructions instruction of (i) your employer, (ii) the Treasury Department or (iii) other financial institutions, Park Community the Credit Union will accept direct deposits of your paycheck or federal recurring payments, such as Social Security, to your share and/or share draft account. ▪- Preauthorized Debits. Upon instruction, we will pay certain recurring transactions from your share and share draft accounts. - See “Transfer Limitations” Section 2 for limits transfer limitations that may apply to these transactions. ▪- Stop Payment Rights. If you have arranged in advance to make regular electronic funds fund transfers out of your account(s) for money you owe others, you may stop payment on these preauthorized transfers from your account. You must notify us orally or in writing at least any time up to three (3) business days before the scheduled date of the transfer. We may require written confirmation of the stop payment order to be made within 14 days of any oral notification. If we do not receive the written confirmation, the oral stop payment order shall cease to be binding 14 days after it was has been made.

Preauthorized EFTs. ▪Direct Deposit. Upon instructions instruction of (i) your employer, employer or (ii) the Treasury Department or (iii) other financial institutions, Park Community Credit Union the credit union will accept direct deposits of your paycheck or federal recurring payments, such as Social Security, to your share savings and/or share draft checking account. ▪• Preauthorized Debits. Upon instruction, we will pay certain recurring transactions from your share and share draft accountssavings and/or checking account. • See “Transfer Limitations” Section 2 for limits transfer limitations that may apply to these transactions. ▪• Stop Payment Rights. If you have arranged in advance to make regular electronic funds transfers out of your account(s) for money you owe others, you may stop payment on these of preauthorized transfers from your account. You must notify us orally or in writing at least any time up to three (3) business days before the scheduled date of the transfer. We may require written confirmation of the stop payment order to be made within 14 fourteen (14) days of any oral notification. If we do not receive the written confirmation, the oral stop payment order shall cease to be binding 14 fourteen (14) days after it was has been made.

Preauthorized EFTs. ▪ Direct Deposit. Upon instructions instruction of (i) your employer, employer or (ii) the Treasury Department or (iii) other financial institutionsinstitution, Park Community the Credit Union will accept direct deposits of your paycheck or of federal recurring payments, such as Social Security, to your share savings and/or share draft checking account. ▪ Preauthorized Debits. Upon instructioninstructions, we will pay certain recurring transactions from your share savings, and share draft checking accounts.  See “Transfer Limitations” Section 2 for limits transfer limitations that may apply to these transactions. ▪ Stop Payment Rights. If you have arranged in advance to make regular electronic funds transfers out of your account(s) for money you owe others, you may stop payment on these preauthorized of preauthorization transfers from your account. You must notify us orally or in writing at least any time up to three (3) business days before the scheduled date of the transfer. We may require written confirmation of the stop payment order to be made within 14 fourteen (14) days of any oral notification. If we do not receive the written confirmation, the oral stop payment order shall cease to be binding 14 fourteen (14) days after it was has been made. A stop payment request for preauthorized Electronic Funds Transfer will apply to all subsequent transfers, unless you withdraw the request.