Common use of Reserve Restructuring Clause in Contracts

Reserve Restructuring. In order to permit the Bank to manage reserve requirements imposed by Federal Reserve Board Regulation D and to control costs, when you open a checking or other transaction account with the Bank, all such accounts consist of two subaccounts, a transaction subaccount and a non-interest bearing savings subaccount. Although we maintain these subaccounts as two separate (but related) accounts on our books and records, the subaccounts are combined on your statement and when you view your account through Online Banking. Your statement will reflect a single balance and will not show internal transfers (discussed in the next paragraph) between the transaction subaccount and the non- interest-bearing savings subaccount. Our maintaining separate transaction and savings subaccounts does not affect the amount of your FDIC insurance, the interest you earn (if your account is an interest-bearing account), or any other feature of your account as described in this Agreement and any Product Fact Sheet or other Supplemental Disclosure applicable to your account. The Bank reserves the right to periodically reallocate balances between the transaction subaccount and the non-interest-bearing savings subaccount. If your transaction subaccount balance exceeds a threshold amount, all funds in the transaction subaccount in excess of that amount may be transferred into the savings subaccount. As funds in the savings subaccount are needed to pay checks or other items presented against your transaction subaccount, they will be transferred back into the transaction subaccount. Transfers into the transaction subaccount will be made up to five (5) times per statement cycle. If a sixth transfer is needed in any statement cycle, the entire balance of the savings subaccount will be transferred into the transaction subaccount. The threshold amount is set by the Bank and may be changed at any time at the Bank’s discretion. Although the Bank has no present intention of exercising this right, Federal regulations require the Bank to reserve the right to require at least seven (7) calendar days’ written notice of withdrawal prior to transfer of any funds from the savings subaccount. You may only access the savings subaccount through transactions on the transaction subaccount. The subaccounts will be subject to all the terms and conditions applicable to accounts of that type, except for provisions relating to the payment of interest.

Reserve Restructuring. In order to permit the Bank to manage reserve requirements imposed by Federal Reserve Board Regulation D and to control costs, when you open a checking or other transaction account with the Bank, all such accounts consist of two subaccounts, a transaction subaccount and a non-interest bearing savings subaccount. Although we maintain these subaccounts as two separate (but related) accounts on our books and records, the subaccounts are combined on your statement and when you view access your account accounts through UMB Online Banking. Your statement will reflect a single balance and will not show internal transfers (discussed in the next paragraph) between the transaction subaccount and the non- interestnon-interest bearing savings subaccount. Our maintaining separate transaction and savings subaccounts does not affect the amount of your FDIC insurance, the interest you earn (if your account is an interest-interest bearing account), or any other feature of your account as described in this Agreement and any Product Fact Sheet or other Supplemental Disclosure applicable to your account. The Bank reserves the right to periodically reallocate balances between the transaction subaccount and the non-interest-interest bearing savings subaccount. If your transaction subaccount balance exceeds a threshold amount, all funds in the transaction subaccount in excess of that amount may be transferred into the savings subaccount. As funds in the savings subaccount are needed to pay checks or other items presented against your transaction subaccount, they will be transferred back into the transaction subaccount. Transfers into the transaction subaccount will be made up to five (5) times per statement cycle. If a sixth transfer is needed in any statement cycle, the entire balance of the savings subaccount will be transferred into the transaction subaccount. The threshold amount is set by the Bank and may be changed at any time at the Bank’s discretion. Although the Bank has no present intention of exercising this right, Federal regulations require the Bank to reserve the right to require at least seven (7) calendar days’ days written notice of withdrawal prior to transfer of any funds from the savings subaccount. You may only access the savings subaccount through transactions on the transaction subaccount. The subaccounts will be subject to all the terms and conditions applicable to accounts of that type, except for provisions relating to the payment of interest.

Reserve Restructuring. In order to permit the Bank to manage reserve requirements imposed by Federal Reserve Board Regulation D and to control costs, when you open a checking or other transaction account with the Bank, all such accounts consist of two subaccounts, a transaction subaccount and a non-interest bearing savings subaccount. Although we maintain these subaccounts as two separate (but related) accounts on our books and records, the subaccounts are combined on your statement and when you view access your account accounts through UMB Online Banking. Your statement will reflect reflect a single balance and will not show internal transfers (discussed in the next paragraph) between the transaction subaccount and the non- interestnon-interest bearing savings subaccount. Our maintaining separate transaction and savings subaccounts does not affect the amount of your FDIC insurance, the interest you earn (if your account is an interest-interest bearing account), or any other feature of your account as described in this Agreement and any Product Fact Sheet or other Supplemental Disclosure applicable to your account. The Bank reserves the right to periodically reallocate balances between the transaction subaccount and the non-interest-interest bearing savings subaccount. If your transaction subaccount balance exceeds a threshold amount, all funds in the transaction subaccount in excess of that amount may be transferred into the savings subaccount. As funds in the savings subaccount are needed to pay checks or other items presented against your transaction subaccount, they will be transferred back into the transaction subaccount. Transfers into the transaction subaccount will be made up to five five (5) times per statement cycle. If a sixth transfer is needed in any statement cycle, the entire balance of the savings subaccount will be transferred into the transaction subaccount. The threshold amount is set by the Bank and may be changed at any time at the Bank’s discretion. Although the Bank has no present intention of exercising this right, Federal regulations require the Bank to reserve the right to require at least seven (7) calendar days’ days written notice of withdrawal prior to transfer of any funds from the savings subaccount. You may only access the savings subaccount through transactions on the transaction subaccount. The subaccounts will be subject to all the terms and conditions applicable to accounts of that type, except for provisions relating to the payment of interest.

Reserve Restructuring. In order to permit the Bank to manage reserve requirements imposed by Federal Reserve Board Regulation D and to control costs, when you open a checking or other transaction account with the Bank, all such accounts consist of two subaccounts, a transaction subaccount and a non-interest bearing savings subaccount. Although we maintain these subaccounts as two separate (but related) accounts on our books and records, the subaccounts are combined on your statement and when you view access your account accounts through UMB Online Banking. Your statement will reflect a single balance and will not show internal transfers (discussed in the next paragraph) between the transaction subaccount and the non- interestnon-interest bearing savings subaccount. Our maintaining separate transaction and savings subaccounts does not affect the amount of your FDIC insurance, the interest you earn (if your account is an interest-interest bearing account), or any other feature of your account as described in this Agreement and any Product Fact Sheet or other Supplemental Disclosure applicable to your account. The Bank reserves the right to periodically reallocate balances between the transaction subaccount and the non-interest-interest bearing savings subaccount. If your transaction subaccount balance exceeds a threshold amount, all funds in the transaction subaccount in excess of that amount may be transferred into the savings subaccount. As funds in the savings subaccount are needed to pay checks or other items presented against your transaction subaccount, they will be transferred back into the transaction subaccount. Transfers into the transaction subaccount will be made up to five (5) times per statement cycle. If a sixth transfer is needed in any statement cycle, the entire balance of the savings subaccount will be transferred into the transaction subaccount. The threshold amount is set by the Bank and may be changed at any time at the Bank’s discretion. Although the Bank has no present intention of exercising this right, Federal regulations require the Bank to reserve the right to require at least seven (7) calendar days’ days written notice of withdrawal prior to transfer of any funds from the savings subaccount. You may only access the savings subaccount through transactions on the transaction subaccount. The subaccounts will be subject to all the terms and conditions applicable to accounts of that type, except for provisions relating to the payment of interest.