Common use of Transaction Posting Order Clause in Contracts

Transaction Posting Order. Generally, most transactions are posted to your account according to the date and time in which these transactions are presented to the Credit Union. Certain transactions may be posted after regular Credit Union hours during nightly processing. Generally, transactions are posted throughout the day, in the order received by the Credit Union. The table below provides additional details on the order in which different types of transactions are posted to your account. Transaction Category When Posted to Your Account Teller transactions (deposits, internal transfers, withdrawals, checks cashed, loan payments) At the time and in the order you request the transaction Phone transactions (internal transfers, withdrawals, loan payments) At the time and in the order you request the transaction Outgoing wire transfers (debits) At the time you request the wire transfer, allowing reasonable time for the credit union to process the wire Incoming wire transfers (credits) Upon receipt from the sending institution, allowing reasonable time for the credit union to process the wire ATM transactions (deposits, transfers, withdrawals) In time stamp order (Please note – there may be occasions in which systems are offline. In these cases, transactions post when systems are back online.) Merchant (pin-based) debits In time stamp order (Please note – there may be occasions in which systems are offline. In these cases, transactions post when systems are back online.) Merchant (Visa signature) debits When presented for payment by the merchant. Presentment by the merchant may be delayed several days after you conduct the transaction. ACH credits and debits We may receive ACH files several times each banking day; each file may contain both debits and credits, which are posted upon our receipt and in the order presented. Checks In ascending dollar order (low to high) and if more than one check for the same dollar amount, the checks are then posted in ascending check number order Service Charges Fees for non-sufficient or unavailable funds are charged throughout the day based upon your available balance at the time the corresponding debit transaction is presented for payment. Fees for processing returned deposits or returned loan payments are posted throughout the day based upon notification of non-payment received from the corresponding financial institution.

Transaction Posting Order. Generally, most transactions are posted to your account according to the date and time in which these transactions are presented to the Credit Union. If the Credit Union returns an item unpaid, it may be resubmitted for payment and is subject to an overdraft, non-sufficient funds or uncollected funds fee each time it is presented (as set forth in our Deposit Rate Sheet and Fee Schedule). Certain transactions may be posted after regular Credit Union hours during nightly processing. Generally, transactions are posted throughout the day, in the order received by the Credit Union. The table below provides additional details on the order in which different types of transactions are posted to your account. Union as follows: Transaction Category Type When Posted to Your Account Teller transactions (deposits, internal transfers, withdrawals, checks cashed, loan payments) At the time and in the order you request the transaction Phone transactions (internal transfers, withdrawals, loan payments) At the time and in the order you request the transaction Outgoing wire transfers (debits) At the time you request the wire transfer, allowing reasonable time for the credit union to process the wire Incoming wire transfers (credits) Upon receipt from the sending institution, allowing reasonable time for the credit union to process the wire ATM transactions (deposits, transfers, withdrawals) In time stamp order (Please note – there may be occasions in which that systems are offline. In these cases, transactions post when systems are back online.) Merchant (pin-based) debits In time stamp order (Please note – there may be occasions in which that systems are offline. In these cases, transactions post when systems are back online.) Merchant (Visa signature) debits When presented for payment by the merchant. Presentment by the merchant may be delayed several days after you conduct the transaction. ACH credits and debits We may receive ACH files several times each banking day; each file may contain both debits and credits, which are posted upon our receipt and in the order presented. Checks In ascending dollar order (low to high) and if more than one check for the same dollar amount, the checks are then posted in ascending check number order Service Charges Fees for Overdraft, non-sufficient funds or unavailable uncollected funds charges are charged throughout the day based upon your available balance at the time the corresponding debit transaction is presented for payment. Fees for processing returned deposits or returned Returned deposit/loan payments payment charges are posted throughout the day based upon notification of non-payment received from the corresponding financial institution.

Transaction Posting Order. Generally, most transactions are posted to your account according to the date and time in which these transactions are presented to the Credit Union. Certain transactions may be posted after regular Credit Union hours during nightly processing. Generally, transactions are posted throughout the day, in the order received by the Credit Union. The table below provides additional details on the order in which different types of transactions are posted to your account. Transaction Category When Posted to Your Account Teller transactions (deposits, internal transfers, withdrawals, checks cashed, loan payments) At the time and in the order you request the transaction Phone transactions (internal transfers, withdrawals, loan payments) At the time and in the order you request the transaction Outgoing wire transfers (debits) At the time you request the wire transfer, allowing reasonable time for the credit union to process the wire Incoming wire transfers (credits) Upon receipt from the sending institution, allowing reasonable time for the credit union to process the wire ATM transactions (deposits, transfers, withdrawals) In time stamp order (Please note – there may be occasions in which systems are offline. In these cases, transactions post when systems are back online.) Merchant (pin-based) debits In time stamp order (Please note – there may be occasions in which systems are offline. In these cases, transactions post when systems are back online.) Merchant (Visa signature) debits When presented for payment by the merchant. Presentment by the merchant may be delayed several days after you conduct the transaction. ACH credits and debits We may receive ACH files several times each banking day; each file may contain both debits and credits, which are posted upon our receipt and in the order presented. Checks In ascending dollar order (low to high) and if more than one check for the same dollar amount, the checks are then posted in ascending check number order Transaction Type When Posted to Your Account Service Charges Fees for non-sufficient or unavailable funds are charged throughout the day based upon your available balance at the time the corresponding debit transaction is presented for payment. Fees for processing returned deposits or returned loan payments are posted throughout the day based upon notification of non-non- payment received from the corresponding financial institution.

Transaction Posting Order. Generally, most transactions are posted to your account according to the date and time in which these transactions are presented to the Credit Union. If the Credit Union returns an item unpaid, it may be resubmitted for payment and is subject to an overdraft, non-sufficient funds or uncollected funds fee each time it is presented (as set forth in our Deposit Rate Sheet and Fee Schedule). Certain transactions may be posted after regular Credit Union hours during nightly processing. Generally, transactions are posted throughout the day, in the order received by the Credit Union. The table below provides additional details on the order in which different types of transactions are posted to your account. Union as follows: Transaction Category Type When Posted to Your Account Teller transactions (deposits, internal transfers, withdrawals, checks cashed, loan payments) At the time and in the order you request the transaction Phone transactions (internal transfers, withdrawals, loan payments) At the time and in the order you request the transaction Outgoing wire transfers (debits) At the time you request the wire transfer, allowing reasonable time for the credit union to process the wire Incoming wire transfers (credits) Upon receipt from the sending institution, allowing reasonable time for the credit union to process the wire ATM transactions (deposits, transfers, withdrawals) In time stamp order (Please note – there may be occasions in which that systems are offline. In these cases, transactions post when systems are back online.) Merchant (pin-based) debits In time stamp order (Please note – there may be occasions in which that systems are offline. In these cases, transactions post when systems are back online.) Merchant (Visa signature) debits When presented for payment by the merchant. Presentment by the merchant may be delayed several days after you conduct the transaction. ACH credits and debits We may receive ACH files several times each banking day; each file may contain both debits and credits, which are posted upon our receipt and in the order presented. Checks In ascending dollar order (low to high) and if more than one check for the same dollar amount, the checks are then posted in ascending check number order Transaction Type When Posted to Your Account Service Charges Fees for Overdraft, non-sufficient funds or unavailable uncollected funds charges are charged throughout the day based upon your available balance at the time the corresponding debit transaction is presented for payment. Fees for processing returned deposits or returned Returned deposit/loan payments payment charges are posted throughout the day based upon notification of non-payment received from the corresponding financial institution.

Transaction Posting Order. Generally, The table below shows the usual order for the most common transactions are posted that post to your an account according to the date and time in which these transactions are presented to the Credit Union. Certain transactions may be posted after regular Credit Union hours during nightly processing. GenerallyAt the end of each business day, transactions are posted throughout processed in what is known as nightly processing. We start with your account’s current balance as of the end of the prior business day. Then, we subtract holds placed on a deposit to your account and holds placed due to legal process. The resulting balance becomes your available balance which will be used in nightly processing. We need only make one determination whether there are sufficient available funds in your account when deciding whether to pay or return an item. Certain transactions, such as, on-us checks cashed, debit card transactions, teller transactions, online banking transfers, and automatic loan payments, may post on a Saturday or Federal Holiday. Posting Order in Nightly Processing Posting Order Transaction Type How They Are Posted 1 + Credits (i.e., Direct Deposits (ACH), Check Deposits) 2 - Debits (Transacted in Person) ATM Withdrawals Automatic or Phone Transfer Internet and Online Transactions Date and time order of transaction 3 - POS (Point of Sale) Debit Card Transactions Date and time order of transaction 4 - ACH Debits Date and time order of transaction 5 - Checks By check serial number (smallest to largest) 6 + Interest 6 - Service Charges* (including, but not limited to, Monthly Fee, Paper Statement Fee, Inactivity Fee, Continual Negative Balance Fee) *Other fees as described in the Fee Schedule, can be assessed at the time of the transaction or service request. Notice Regarding Order of Posting The order received by of transaction posting described above is intended to be representative of the Credit Unionmost common types of transactions within each category, and other items may be processed to your account, even if they are not specifically listed above. The table below provides additional details on We may change the order in which different types we process and post transactions at any time, regardless of any request or instruction you give us, and we may do so in our sole discretion. Notice of Errors, Forgeries, and Unauthorized Signatures If you suspect any unauthorized transactions are posted to on your account, notify us immediately. Transaction Category When Posted If you fail to Your Account Teller transactions (depositsdo so within the specified time frames, internal transfersyou are at risk for incurring a portion of, withdrawals, checks cashed, loan payments) At or the time and in the order you request the transaction Phone transactions (internal transfers, withdrawals, loan payments) At the time and in the order you request the transaction Outgoing wire transfers (debits) At the time you request the wire transfer, allowing reasonable time for the credit union to process the wire Incoming wire transfers (credits) Upon receipt from the sending institution, allowing reasonable time for the credit union to process the wire ATM transactions (deposits, transfers, withdrawals) In time stamp order (Please note – there may be occasions in which systems are offline. In these cases, transactions post when systems are back onlineentire loss.) Merchant (pin-based) debits In time stamp order (Please note – there may be occasions in which systems are offline. In these cases, transactions post when systems are back online.) Merchant (Visa signature) debits When presented for payment by the merchant. Presentment by the merchant may be delayed several days after you conduct the transaction. ACH credits and debits We may receive ACH files several times each banking day; each file may contain both debits and credits, which are posted upon our receipt and in the order presented. Checks In ascending dollar order (low to high) and if more than one check for the same dollar amount, the checks are then posted in ascending check number order Service Charges Fees for non-sufficient or unavailable funds are charged throughout the day based upon your available balance at the time the corresponding debit transaction is presented for payment. Fees for processing returned deposits or returned loan payments are posted throughout the day based upon notification of non-payment received from the corresponding financial institution.