Common use of Purchase Transactions Clause in Contracts

Purchase Transactions. Each time you make a purchase, you authorize us to reduce the Available Balance in your Card by the amount of the transaction as transmitted to us and applicable fees. You understand that we may, at our discretion, honor withdrawal requests that overdraw your Card. However, the fact that we may honor withdrawal requests that overdraw the Available Balance does not obligate us to do so later. You are not authorized to use your Card to make a purchase if you do not have sufficient funds on your Card, however if a Card transaction causes an overdrawn balance, we will not charge fees for such overdrafts. We will use subsequent deposits, including Direct Deposits of social security or other government benefits, to cover such overdrafts. We reserve the right to return any Card transaction that does not contain an authorization code. We will not be liable for any damages resulting from a failure or refusal for any reason to authorize a Card transaction that you have attempted. Further, we will not be responsible or liable for a participating merchant’s refusal to accept your Card. Stop payments are not permitted on any purchases or cash withdrawals originated by use of a debit card. For this reason, you should inquire about a merchant’s return or refund policy before entering into a debit card transaction. Cash refunds will generally not be made to you on purchases made with your Card. Refunds of merchandise purchased using your Card will be reflected as a credit on your next consecutive or later Card statement. Any claim or defense with respect to property or services purchased with the Card must be handled by you directly with the merchant or other business establishment which accepted the Card, and any such claim or defense which you assert will not relieve you of your obligation to pay the total amount of the sales draft plus any appropriate charges we may be authorized to make. Authorizations and Holds by Merchants. Any entity honoring your Card will be required to obtain approval or authorization for any transaction in accordance with the rules of an applicable System. With certain types of purchases (such as those made at restaurants, bars, beauty salons, hotels, rental car companies, or for fuel purchase made at the pump), your Card may be preauthorized for an amount greater than the transaction amount placing a hold on your Available Funds until the merchant sends the final payment amount of your purchase. Holds may be initiated for a variety of reasons including but not limited to, providing a security deposit, covering gratuities or incidentals, or ensuring your Card has sufficient funds when the transaction is completed. Once the final payment amount is received, the preauthorization amount on hold will be removed. During this time, you will not have access to the funds on hold. A 90-day hold may be placed on the value on the Card in the amount of the preauthorization request made by hotels and rental merchants. If the authorization request varies from the amount of the transaction the merchant subsequently submits to the System, settlement of the transaction may not remove the hold, which may remain on the Card until the hold days have expired. If your Card is subject to a hold, the value that is subject to the hold will not be available for other purposes.

Purchase Transactions. Each time you make a purchase, you authorize us to reduce the Available Balance in your Card Account by the amount of the transaction as transmitted to us and applicable fees. You understand that we may, at our discretion, honor withdrawal requests that overdraw your CardAccount. However, the fact that we may honor withdrawal requests that overdraw the Available Balance does not obligate us to do so later. You are not authorized to use your Card to make a purchase if you do not have sufficient funds on your Card, however if a Card transaction causes an overdrawn balance, we We will not charge fees for such overdraftsoverdrafts caused by one-time Debit Card Purchase Transactions if you have not opted-in to that service. We will may use subsequent deposits, including Direct Deposits of social security or other government benefits, to cover such overdrafts. We reserve the right to return any Debit Card transaction that does not contain an authorization code. We will not be liable for any damages resulting from a failure or refusal for any reason to authorize a Debit Card transaction that you have attempted. Further, we will not be responsible or liable for a participating merchant’s refusal to accept your Debit Card. Stop payments are not permitted on any purchases or cash withdrawals originated by use of a debit cardDebit Card. For this reason, you should inquire about a merchant’s return or refund policy before entering into a debit card Debit Card transaction. Cash refunds will generally not be made to you on purchases made with your Debit Card. Refunds of merchandise purchased using your Debit Card will be reflected as a credit on your next consecutive or later Card Account statement. Any claim or defense with respect to property or services purchased with the Debit Card must be handled by you directly with the merchant or other business establishment which accepted the Debit Card, and any such claim or defense which you assert will not relieve you of your obligation to pay the total amount of the sales draft plus any appropriate charges we may be authorized to make. Authorizations and Holds by Merchants. Any entity honoring your Card will be required to obtain approval or authorization for any transaction in accordance with the rules of an applicable System. With certain types of purchases (such as those made at restaurants, bars, beauty salons, hotels, rental car companies, or for fuel purchase made at the pump), your Card may be preauthorized for an amount greater than the transaction amount placing a hold on your Available Funds until the merchant sends the final payment amount of your purchase. Holds may be initiated for a variety of reasons including but not limited to, providing a security deposit, covering gratuities or incidentals, or ensuring your Card has sufficient funds when the transaction is completed. Once the final payment amount is received, the preauthorization amount on hold will be removed. During this time, you will not have access to the funds on hold. A 90-day hold may be placed on the value on the Card in the amount of the preauthorization request made by hotels and rental merchants. If the authorization request varies from the amount of the transaction the merchant subsequently submits to the System, settlement of the transaction may not remove the hold, which may remain on the Card until the hold days have expired. If your Card is subject to a hold, the value that is subject to the hold will not be available for other purposes.

Purchase Transactions. Each time you make a purchaseYou may use your Debit Card at any retail establishment where Accel®, you authorize us PLUS and VISA® Debit Cards are accepted to reduce the Available Balance in your Card by the amount of the transaction as transmitted purchase goods and services and / or to us and applicable feesobtain cash where permitted. You understand that we may, at our discretion, honor withdrawal requests that overdraw your Card. However, the fact that we may honor withdrawal requests that overdraw the Available Balance does not obligate us to do so later. You are not authorized to only use your Health Savings Account (HSA) Debit Card to make a at specific establishments where Accel®, PLUS and VISA® cards are accepted for the purchase if you do not have sufficient funds on your Card, however if a Card transaction causes an overdrawn balance, we will not charge fees of goods and services for such overdraftsqualified medical expenses. We will use subsequent deposits, including Direct Deposits of social security or other government benefits, to cover such overdrafts. We reserve the right to return any Card transaction that does not contain an authorization code. We will Debit Cards may not be liable for used to conduct any damages resulting from a failure or refusal for any reason to authorize a Card transaction that you have attempted. Further, we will not be responsible or liable for a participating merchant’s refusal to accept your Card. Stop payments are not permitted on any purchases or cash withdrawals originated by use of a debit card. For this reason, you should inquire about a merchant’s return or refund policy before entering into a debit card transaction. Cash refunds will generally not be made to you on purchases made with your Card. Refunds of merchandise purchased using your Card will be reflected as a credit on your next consecutive or later Card statement. Any claim or defense with respect to property or services purchased with the Card must be handled by you directly with the merchant or other business establishment which accepted the Card, and any such claim or defense which you assert will not relieve you of your obligation to pay the total amount of the sales draft plus any appropriate charges we may be authorized to make. Authorizations and Holds by Merchants. Any entity honoring your Card will be required to obtain approval or authorization for any transaction in accordance with the rules of an applicable System. With certain types of purchases (such as those made at restaurants, bars, beauty salons, hotels, rental car companies, or for fuel purchase made at the pump), your Card may be preauthorized for an amount greater than the transaction amount placing a hold on your Available Funds until the merchant sends the final payment amount of your purchase. Holds may be initiated for a variety of reasons illegal transactions including but not limited toto unlawful Internet gambling. A receipt of your transaction is usually available when you conduct a Point of Sale transaction with your Debit card. A receipt is not required if such transaction is $25.00 or less. Any purchase refund will be posted to the same account. TRANSACTION LIMITS PREAUTHORIZED TRANSFERS‌ We do not impose any limitations on the frequency or dollar amounts of your preauthorized transfers, providing a security deposit, covering gratuities or incidentals, or ensuring your Card has provided there are sufficient funds when in the transaction is completedaccount for the transfers, except the dollar amount for an online bill payment transfer, which cannot exceed $9,999.99. Once the final payment amount is receivedStatement savings accounts opened prior to March 1, the preauthorization amount on hold will be removed1998, (formerly called Combination Accounts) permit check withdrawals. During this timeNew Statement Savings Accounts opened after March 1, you will 1998 do not have access check writing privileges. CONSUMER DEBIT CARD CUSTOMERS You may use your Debit Card with your PIN to withdraw up to $1,000 from an Accel®, PLUS and VISA® ATM each calendar day; and purchase up to $1,000 in goods or services each calendar day from merchants participating in the Accel®, PLUS and VISA® programs, provided that you have sufficient funds on holdavailable for withdrawal. A 90-day hold The $1,000 limit is a combination of PIN based withdrawals at an eligible ATM network, purchases using your PIN from a merchant participating in the named networks, and/or cash back from such merchant. Please keep in mind that merchants may be placed on the value on the Card in limit the amount of cash back they are willing to accommodate. You may use your debit card without a PIN to purchase up to $3,500 each calendar day from merchants participating in the preauthorization request made by hotels VISA® program, provided that you have sufficient funds available for withdrawal. We refer to this as a signature based transaction even if the merchant did not require a signature. The day for the above limits starts at 12:00 A.M. (ET) each calendar day. BUSINESS DEBIT CARD CUSTOMERS You may use your Debit Card with your PIN to withdraw up to $1,000 from an Accel®, PLUS and rental merchantsVISA® ATM each calendar day and purchase up to $1,000 in goods or services each calendar day from merchants participating in the Accel®, PLUS , or VISA® programs, provided that you have sufficient funds available for withdrawal. If The $1,000 limit is a combination of PIN based withdrawals at an eligible ATM network, purchases using your PIN from a merchant participating in the authorization request varies named networks, and/or cash back from such merchant. Please keep in mind that merchants may limit the amount of cash back they are willing to accommodate. You may use your business debit card without a PIN to purchase up to $5,000.00 each calendar day from merchants participating in the VISA program, provided that you have sufficient funds available for withdrawal. We refer to this as signature based transaction even if the merchant subsequently submits did not require a signature. The day for the above limits starts at 12:00 AM (ET) each calendar day. HEALTH SAVINGS ACCOUNT (HSA) DEBIT CARD CUSTOMERS You may purchase up to $3,500.00 of qualified medical goods or services each calendar day from specific merchants participating in the SystemVISA® program provided that you have sufficient funds available for withdrawal. The total of all purchases each day cannot exceed $3,500.00. The day for the above limits starts at 12:00 AM (ET) each calendar day. ALL DEBIT CARD CUSTOMERS For security reasons, settlement there are limits on the number of times you can use your Debit Card and PIN each calendar day. Frequency limitations may prevent transactions from being authorized. For security reasons, these limits are not revealed. Denials of Debit Card can be based on one or more of the transaction following: • exceeding the daily withdrawal or purchase limit • not having adequate funds available in your account • exceeding the daily frequency of usage limitation. • exceeding the number of pin attempts limit. The receipt provided by the Accel®, PLUS and VISA® ATM or the merchant terminal may not remove notify you of the hold, which may remain denial. There is a limit on the number of such denials permitted. Attempts to exceed the limit may result in the retention of your Debit Card until the hold days have expiredat an ATM. If your Card is subject to a hold, the value that is subject to the hold will These limitations are imposed and not be available revealed for other security purposes.

Purchase Transactions. Each time You may use your Card or Card number to purchase goods and services everywhere MasterCard Debit cards are accepted. When you make use your Card or Card number to purchase goods or services or obtain a purchaserefund of a prior purchase as a credit to your Account, you authorize us to reduce the Available Balance in your Card may be asked by the amount of merchant, or the terminal or card imprint machine screen may ask if the transaction is to be enabled as a “credit” or “debit”. You may enable the transaction as transmitted a “credit” or “debit”. If you want the transaction enabled as a “credit” transaction, you should so inform the merchant or select the screen option indicating “credit”, and you may then be required to us and applicable feessign to authorize the transaction. You understand A transaction at a POS device where you sign an authorization for the transaction is called a “Signature-POS transaction”. If you do not inform the merchant that we mayyou want the transaction enabled as a “credit” or you select “debit” when prompted by the terminal screen, the transaction will be enabled as a “debit” transaction, which may require you to enter your PIN. A transaction at our discretion, honor withdrawal requests that overdraw a POS device using your PIN is called a “PIN-POS transaction”. If you do not have enough funds loaded on your Card, you can instruct the merchant to charge a part of the purchase to the Card and pay the remaining amount with other funds. HoweverThese are called “split transactions,” and some merchants do not permit them. Cash Access and Balance Inquiry. With your PIN, the fact that we you may honor withdrawal requests that overdraw the Available Balance does not obligate us to do so later. You are not authorized to use your Card to make get cash and inquire about the balance in your Account at ATMs, through a purchase if participating financial institution or at a POS device through a participating merchant. ATM transactions are treated as cash withdrawal transactions. Any cash withdrawn from an ATM, over-the-counter through a participating financial institution or as cash back through a participating merchant will be subject to the limitations set forth in the section below labeled “Cash Withdrawal Limitations”. ATM withdrawals may also be subject to varying daily limits at the ATM owner’s discretion. Fees may be associated with the use of your Card and PIN to obtain cash and inquire about the balance in your Account. If you do not have sufficient funds on use your Card, however if Card and PIN to get cash at a Card transaction causes an overdrawn balancefinancial institution other than CEFCU, we will charge you an over-the-counter cash withdrawal fee. We do not charge fees you a fee to get cash over-the-counter at CEFCU or get cash or inquire about the balance in your Account at ATMs bearing the Money Center 24® acceptance xxxx (“in- network ATMs”). Cash withdrawals and inquiries made at ATMs bearing the MasterCard®, Cirrus®, or NYCE® acceptance xxxx (“out-of-network ATMs”) are subject to fees. For information about the fees, see the section labeled “Schedule of Fees and Charges”. Uses Not Permitted. You agree that you will: (i) not use the Card at gambling websites or to purchase illegal goods or services; (ii) not use the Card for such overdrafts. We will business purposes; and, (iii) not use subsequent deposits, including Direct Deposits of social security or other government benefits, to cover such overdrafts. We reserve the right to return any Card for a transaction that does not contain an authorization codeexceeds the value available on your Account. We will The Card may not be liable accepted by certain merchants whose goods or services are not legal for any damages resulting minors. For security reasons, some countries may be blocked from a failure or refusal for any reason to authorize a Card transaction that you have attempted. Further, we will not be responsible or liable for a participating merchant’s refusal to accept the usage of your Card. Stop payments If you are not permitted on any purchases or cash withdrawals originated by use of a debit card. For this reasontraveling outside the country, you should contact Customer Service at 855.657.8588 before leaving to inquire about a merchant’s return or refund policy before entering into a debit card transaction. Cash refunds will generally not be made to the countries in which you on purchases made with your Card. Refunds of merchandise purchased using may use your Card will be reflected as a credit on your next consecutive or later Card statementand how to enable that usage. Any claim or defense with respect We may refuse to property or services purchased with the Card must be handled by you directly with the merchant or other business establishment which accepted the Card, and any such claim or defense which you assert will not relieve you of your obligation to pay the total amount of the sales draft plus any appropriate charges we may be authorized to make. Authorizations and Holds by Merchants. Any entity honoring your Card will be required to obtain approval or authorization for process any transaction in accordance with that we believe may violate the rules law or the terms of an applicable System. With certain types of purchases (such as those made at restaurants, bars, beauty salons, hotels, rental car companies, or for fuel purchase made at the pump), your Card may be preauthorized for an amount greater than the transaction amount placing a hold on your Available Funds until the merchant sends the final payment amount of your purchase. Holds may be initiated for a variety of reasons including but not limited to, providing a security deposit, covering gratuities or incidentals, or ensuring your Card has sufficient funds when the transaction is completed. Once the final payment amount is received, the preauthorization amount on hold will be removed. During this time, you will not have access to the funds on hold. A 90-day hold may be placed on the value on the Card in the amount of the preauthorization request made by hotels and rental merchants. If the authorization request varies from the amount of the transaction the merchant subsequently submits to the System, settlement of the transaction may not remove the hold, which may remain on the Card until the hold days have expired. If your Card is subject to a hold, the value that is subject to the hold will not be available for other purposesAgreement.

Purchase Transactions. Each time You may use your Card or Card number to purchase goods and services everywhere MasterCard Debit cards are accepted. When you make use your Card or Card number to purchase goods or services or obtain a purchaserefund of a prior purchase as a credit to your Account, you authorize us to reduce the Available Balance in your Card may be asked by the amount of merchant, or the terminal or card imprint machine screen may ask if the transaction is to be enabled as a “credit” or “debit”. You may enable the transaction as transmitted a “credit” or “debit”. If you want the transaction enabled as a “credit” transaction, you should so inform the merchant or select the screen option indicating “credit”, and you may then be required to us and applicable feessign to authorize the transaction. You understand A transaction at a POS device where you sign an authorization for the transaction is called a “Signature-POS transaction”. If you do not inform the merchant that we mayyou want the transaction enabled as a “credit” or you select “debit” when prompted by the terminal screen, the transaction will be enabled as a “debit” transaction, which may require you to enter your PIN. A transaction at our discretion, honor withdrawal requests that overdraw a POS device using your PIN is called a “PIN-POS transaction”. If you do not have enough funds loaded on your Card, you can instruct the merchant to charge a part of the purchase to the Card and pay the remaining amount with other funds. HoweverThese are called “split transactions,” and some merchants do not permit them. Cash Access and Balance Inquiry. With your PIN, the fact that we you may honor withdrawal requests that overdraw the Available Balance does not obligate us to do so later. You are not authorized to use your Card to make get cash and inquire about the balance in your Account at ATMs, through a purchase if participating financial institution or at a POS device through a participating merchant. ATM transactions are treated as cash withdrawal transactions. Any cash withdrawn from an ATM, over-the-counter through a participating financial institution or as cash back through a participating merchant will be subject to the limitations set forth in the section below labeled “Cash Withdrawal Limitations”. ATM withdrawals may also be subject to varying daily limits at the ATM owner’s discretion. Fees may be associated with the use of your Card and PIN to obtain cash and inquire about the balance in your Account. If you do not have sufficient funds on use your Card, however if Card and PIN to get cash at a Card transaction causes an overdrawn balancefinancial institution other than CEFCU, we will charge you an over-the-counter cash withdrawal fee. We do not charge fees you a fee to get cash over-the-counter at CEFCU or get cash or inquire about the balance in your Account at ATMs bearing the Money Center 24® acceptance xxxx (“in-network ATMs”). Cash withdrawals and inquiries made at ATMs bearing the MasterCard®, Cirrus®, or NYCE® acceptance xxxx (“out-of- network ATMs”) are subject to fees. For information about the fees, see the section labeled “Schedule of Fees and Charges”. Uses Not Permitted. You agree that you will: (i) not use the Card at gambling websites or to purchase illegal goods or services; (ii) not use the Card for such overdrafts. We will business purposes; and, (iii) not use subsequent deposits, including Direct Deposits of social security or other government benefits, to cover such overdrafts. We reserve the right to return any Card for a transaction that does not contain an authorization codeexceeds the value available on your Account. We will The Card may not be liable accepted by certain merchants whose goods or services are not legal for any damages resulting minors. For security reasons, some countries may be blocked from a failure or refusal for any reason to authorize a Card transaction that you have attempted. Further, we will not be responsible or liable for a participating merchant’s refusal to accept the usage of your Card. Stop payments If you are not permitted on any purchases or cash withdrawals originated by use of a debit card. For this reasontraveling outside the country, you should contact Customer Service at 855.657.8588 before leaving to inquire about a merchant’s return or refund policy before entering into a debit card transaction. Cash refunds will generally not be made to the countries in which you on purchases made with your Card. Refunds of merchandise purchased using may use your Card will be reflected as a credit on your next consecutive or later Card statementand how to enable that usage. Any claim or defense with respect We may refuse to property or services purchased with the Card must be handled by you directly with the merchant or other business establishment which accepted the Card, and any such claim or defense which you assert will not relieve you of your obligation to pay the total amount of the sales draft plus any appropriate charges we may be authorized to make. Authorizations and Holds by Merchants. Any entity honoring your Card will be required to obtain approval or authorization for process any transaction in accordance with that we believe may violate the rules law or the terms of an applicable System. With certain types of purchases (such as those made at restaurants, bars, beauty salons, hotels, rental car companies, or for fuel purchase made at the pump), your Card may be preauthorized for an amount greater than the transaction amount placing a hold on your Available Funds until the merchant sends the final payment amount of your purchase. Holds may be initiated for a variety of reasons including but not limited to, providing a security deposit, covering gratuities or incidentals, or ensuring your Card has sufficient funds when the transaction is completed. Once the final payment amount is received, the preauthorization amount on hold will be removed. During this time, you will not have access to the funds on hold. A 90-day hold may be placed on the value on the Card in the amount of the preauthorization request made by hotels and rental merchants. If the authorization request varies from the amount of the transaction the merchant subsequently submits to the System, settlement of the transaction may not remove the hold, which may remain on the Card until the hold days have expired. If your Card is subject to a hold, the value that is subject to the hold will not be available for other purposesAgreement.

Purchase Transactions. Each time you make a purchase, you authorize us to reduce the Available Balance in your Card Account by the amount of the transaction as transmitted to us and applicable fees. You understand that we may, at our discretion, honor withdrawal requests that overdraw your CardAccount. However, the fact that we may honor withdrawal requests that overdraw the Available Balance does not obligate us to do so later. You are not authorized to use your Card to make a purchase if you do not have sufficient funds on your Card, however if a Card transaction causes an overdrawn balance, we We will not charge fees for such overdraftsoverdrafts caused by one- time Debit Card Purchase Transactions if you have not opted-in to that service. We will may use subsequent deposits, including Direct Deposits of social security or other government benefits, to cover such overdrafts. We reserve the right to return any Debit Card transaction that does not contain an authorization code. We will not be liable for any damages resulting from a failure or refusal for any reason to authorize a Debit Card transaction that you have attempted. Further, we will not be responsible or liable for a participating merchant’s refusal to accept your Debit Card. Stop payments are not permitted on any purchases or cash withdrawals originated by use of a debit cardDebit Card. For this reason, you should inquire about a merchant’s return or refund policy before entering into a debit card Debit Card transaction. Cash refunds will generally not be made to you on purchases made with your Debit Card. Refunds of merchandise purchased using your Debit Card will be reflected as a credit on your next consecutive or later Card Account statement. Any claim or defense with respect to property or services purchased with the Debit Card must be handled by you directly with the merchant or other business establishment which accepted the Debit Card, and any such claim or defense which you assert will not relieve you of your obligation to pay the total amount of the sales draft plus any appropriate charges we may be authorized to make. Authorizations and Holds by Merchants. Any entity honoring your Card will be required to obtain approval or authorization for any transaction in accordance with the rules of an applicable System. With certain types of purchases (such as those made at restaurants, bars, beauty salons, hotels, rental car companies, or for fuel purchase made at the pump), your Card may be preauthorized for an amount greater than the transaction amount placing a hold on your Available Funds until the merchant sends the final payment amount of your purchase. Holds may be initiated for a variety of reasons including but not limited to, providing a security deposit, covering gratuities or incidentals, or ensuring your Card has sufficient funds when the transaction is completed. Once the final payment amount is received, the preauthorization amount on hold will be removed. During this time, you will not have access to the funds on hold. A 90-day hold may be placed on the value on the Card in the amount of the preauthorization request made by hotels and rental merchants. If the authorization request varies from the amount of the transaction the merchant subsequently submits to the System, settlement of the transaction may not remove the hold, which may remain on the Card until the hold days have expired. If your Card is subject to a hold, the value that is subject to the hold will not be available for other purposes.