Common use of Returned Deposits Clause in Contracts

Returned Deposits. When an item you cash or deposit into your account is returned to us unpaid, we will debit the amount of the item from your account, debit any dividends that would have been earned and return the item to you. In the event a returned deposit causes your account balance to become negative, we may retain the item until the negative balance is resolved. We may choose, at our discretion, to redeposit the item. You may be assessed a returned deposit fee (please see our current Schedule of Fees & Charges) regardless of the action we take. Facsimile Signatures/Instructions We may refuse to accept facsimile signatures. You agree to assume full responsibility for any and all payments made by us in reliance upon a facsimile signature(s) resembling a signature that has been provided to us by you. You agree to indemnify and hold us harmless from any and all losses, claims, damages, liability, costs, and expenses including, but not limited to, reasonable attorney fees arising directly or indirectly out of the misuse or the unlawful or unauthorized use of the facsimile signature(s) by any person. We are not required to act upon instructions received by facsimile transmission. Official Checks Stop payments on official checks are not permitted. In the event that an official check is lost, stolen, or destroyed, please contact us for procedures to obtain reimbursement or to have the official check reissued. There may be a delay of up to 90 calendar days before the funds may be reimbursed or the check reissued. Inactive Accounts If you do not conduct a transaction on your account (I.e. a withdrawal, deposit, or transfer to or from your account, other than an automated transaction) for 365 consecutive days, we may classify it as an “inactive” account. We will notify you in writing at your last known address if your account is classified as “inactive.” We may charge a monthly inactive Account Fee as set forth in the Schedule of Fees & Charges until you initiate a transaction. Once you initiate a transaction, either in person or in writing, we will reactivate your account. We will not be responsible for any reasonable delay in reactivating your account. Unclaimed Property California’s Unclaimed Property Law requires us to report and deliver your funds to the appropriate state, if there has been no activity on your account for over three years. To avoid having your funds escheated to the State, you may: • make a deposit • make a withdrawal • correspond with us about your account in writing • respond as instructed to a notice of inactivity or dormancy We may charge a fee for mailing you a notice regarding your unclaimed property as set forth in our Schedule of Fees & Charges. To recover funds turned over to the state, you must file a claim with the state. Once funds are surrendered to the state, we no longer have any liability or responsibility with respect to the funds. Collateralization You may only use funds in a Term Share Certificate account (except for IRA Certificates) as specific collateral for a Certificate-Secured loan. Certificate-Secured loans are not available on organizational or business accounts.

Returned Deposits. When As with any non-cash deposit, Checks deposited using BankIowa Mobile Deposit are subject to final funds collection from the payor bank. If an item you cash original check deposited through BankIowa Mobile Deposit is dishonored, rejected or deposit into your account is otherwise returned to us unpaidunpaid for any reason, we will debit charge the deposit amount back to your account. Returned item fees will apply as disclosed in your Schedule of Fees. You understand and agree, since the original check is your property, the check will not be returned and the Bank may charge back an image of the check, an ACH debit, or other electronic or paper debit, as applicable, to your account. You further agree that any image that we charge back may be in the form of an electronic or paper reproduction of the original check or a substitute check. You may not use the Service to deposit a substitute check and you may not deposit the original check through the service or in any other manner if you receive a dishonored check. You may be able to negotiate a returned substitute item in person, and should speak to a customer service representative at any of our branches if you require such assistance. In accordance with your Account Agreement, BankIowa reserves the right to “setoff” the amount of the returned item and any applicable fees with funds from your account, debit any dividends that would have been earned and return the item to BankIowa account held by you. In As with any returned item, you will be responsible for reimbursing us for all loss, cost, damage or expense caused by or relating to the event a returned deposit causes your account balance to become negative, we may retain the item until the negative balance is resolved. We may choose, at our discretion, to redeposit the item. You may be assessed a returned deposit fee (please see our current Schedule of Fees & Charges) regardless processing of the action we take. Facsimile Signatures/Instructions We may refuse to accept facsimile signaturesreturned item. You agree to assume full responsibility for comply with any and all payments made by us additional instructions we may provide to you in reliance upon a facsimile signature(s) resembling a signature connection with returned checks. Original checks. After you’ve confirmed that the deposit has been provided credited to your account, you must securely store the original check for thirty (30) days after transmission to us by youand make the original check accessible to us at our request. You agree We may request to indemnify and hold us harmless from any and all lossesview the original check for a variety of reasons, claims, damages, liability, costssuch as we have concerns with the accuracy or validity of the image. Upon our request, and expenses includingwithin five (5) business days, but not limited toyou must deliver to us, reasonable attorney fees arising directly or indirectly out of at your expense, the misuse or the unlawful or unauthorized use of the facsimile signature(s) by any personoriginal check. We are not required to act upon instructions received by facsimile transmission. Official Checks Stop payments on official checks are not permitted. In the event that an official check is lost, stolen, or destroyed, please contact us for procedures to obtain reimbursement or to have the official check reissued. There may be a delay of up to 90 calendar days before the funds may be reimbursed or the check reissued. Inactive Accounts If you do not conduct provide the original check in a transaction on your account (I.e. a withdrawaltimely manner, deposit, or transfer to or the deposit in question will be reversed from your account, other than an automated transaction. At the end of this thirty (30) for 365 consecutive days, we may classify it as an “inactive” account. We will notify you in writing at your last known address if your account is classified as “inactive.” We may charge a monthly inactive Account Fee as set forth in the Schedule of Fees & Charges until you initiate a transaction. Once you initiate a transaction, either in person or in writing, we will reactivate your account. We will not be responsible for any reasonable delay in reactivating your account. Unclaimed Property California’s Unclaimed Property Law requires us to report and deliver your funds to the appropriate state, if there has been no activity on your account for over three years. To avoid having your funds escheated to the State, you may: • make a deposit • make a withdrawal • correspond with us about your account in writing • respond as instructed to a notice of inactivity or dormancy We may charge a fee for mailing you a notice regarding your unclaimed property as set forth in our Schedule of Fees & Charges. To recover funds turned over to the stateday period, you must file a claim with destroy the stateoriginal check by first marking it “VOID” and then destroying it by cross-cut shredding or another commercially acceptable means of destruction. Once funds After destruction of an original check, the image will be the sole evidence of the original check. You agree that you will never re-present the original check. You understand that you are surrendered to responsible if the state, we no longer have any liability or responsibility with respect to the funds. Collateralization You may only use funds in a Term Share Certificate account (except original check is ever presented again for IRA Certificates) as specific collateral for a Certificate-Secured loan. Certificate-Secured loans are not available on organizational or business accountspayment.

Returned Deposits. When an item you cash or deposit into your account is returned to us unpaid, we will debit the amount of the item from your account, debit any dividends that would have been earned and return the item to you. In the event a returned deposit causes your account balance to become negative, we may retain the item until the negative balance is resolved. We may choose, at our discretion, to redeposit the item. You may be assessed a returned deposit fee (please see our current Schedule of Fees & Charges) regardless of the action we take. Facsimile Signatures/Instructions We may refuse to accept facsimile signatures. You agree to assume full responsibility for any and all payments made by us in reliance upon a facsimile signature(s) resembling a signature that has been provided to us by you. You agree to indemnify and hold us harmless from any and all losses, claims, damages, liability, costs, and expenses including, but not limited to, reasonable attorney fees arising directly or indirectly out of the misuse or the unlawful or unauthorized use of the facsimile signature(s) by any person. We are not required to act upon instructions received by facsimile transmission. Official Checks Stop payments on official checks are not permitted. In the event that an official check is lost, stolen, or destroyed, please contact us for procedures to obtain reimbursement or to have the official check reissued. There may be a delay of up to 90 calendar days before the funds may be reimbursed or the check reissued. Inactive Accounts If you do not conduct a transaction on your account (I.e. a withdrawal, deposit, or transfer to or from your account, other than an automated transaction) for 365 consecutive days, we may classify it as an “inactive” account. We will notify you in writing at your last known address if your account is classified as “inactive.” We may charge a monthly inactive Account Fee as set forth in the Schedule of Fees & Charges until you initiate a transaction. Once you initiate a transaction, either in person or in writing, we will reactivate your account. We will not be responsible for any reasonable delay in reactivating your account. Unclaimed Property California’s Unclaimed Property Law requires us to report and deliver your funds to the appropriate state, if there has been no activity on your account for over three years. To avoid having your funds escheated to the State, you may: • make a deposit • make a withdrawal • correspond with us about your account in writing • respond as instructed to a notice of inactivity or dormancy We may charge a fee for mailing you a notice regarding your unclaimed property as set forth in our Schedule of Fees & Charges. To recover funds turned over to the state, you must file a claim with the state. Once funds are surrendered to the state, we no longer have any liability or responsibility with respect to the funds. Collateralization You may only use funds in a Term Share Certificate account (except for IRA Certificates) as specific collateral for a Certificate-Secured loan. Certificate-Secured loans are not available on organizational or business accounts.