Common use of Transfer and Related Fees Clause in Contracts

Transfer and Related Fees. You agree to pay all transfer and related fees, e.g., NSF, stop payment, and research fees, as published from time to time in the UMCU Fee Schedule. Limitation on Liability UMCU is not responsible for any failure on your part or the part of another financial institution, including but not limited to a failure to act in a timely manner. We may refuse and are not liable for any transfer request that you attempt by any method we do not specifically permit, which exceeds the frequency permitted, or which is for an amount outside of any transfer limitations. Even if we honor a nonconforming request, we may treat continued abuse of the stated limitations as your act of discontinuing the Service. The Credit Union may refuse any withdrawal request against unavailable or non-sufficient funds. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. Contacting University of Michigan Credit Union For general questions, to request cancellation of transfers, or to report unauthorized transactions, please call us at (734) 000- 0000 or (000) 000-0000. You may also write us at: University of Michigan Credit Union, X.X. Xxx 0000, Xxx Xxxxx XX 00000. FUNDS AVAILABILITY POLICY DISCLOSURE This policy applies to checking accounts. Feel free to ask us whether any of your other accounts might also be under this policy. Our policy is to make funds from your deposits available to you immediately after we receive your deposit. Please remember that even after we have made funds available to you and you have withdrawn the funds, you are still responsible for checks you deposit or cash that are returned to us unpaid, and for any other problems involving your transaction. Determining the Availability of a Deposit – For determining the availability of your deposits, every day is a business day except Saturdays, Sundays, and Federal holidays. If you make a deposit before closing on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after closing or on a day we are not open, we will consider that the deposit was made on the next business day we are open.

Transfer and Related Fees. You agree to pay all transfer and related fees, e.g., NSF, stop payment, and research fees, as published from time to time in the UMCU Fee Schedule. Limitation on Liability UMCU is not responsible for any failure on your part or the part of another financial institution, including but not limited to a failure to act in a timely manner. We may refuse and are not liable for any transfer request that you attempt by any method we do not specifically permit, which exceeds the frequency permitted, or which is for an amount outside of any transfer limitations. Even if we honor a nonconforming request, we may treat continued abuse of the stated limitations as your act of discontinuing the Service. The Credit Union may refuse any withdrawal request against unavailable or non-sufficient funds. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. Contacting University of Michigan Credit Union For general questions, to request cancellation of transfers, or to report unauthorized transactions, please call us at (734) 000- 0000 or (000) 000-0000. You may also write us at: University of Michigan Credit Union, X.X. Xxx 0000P.O. Box 7850, Xxx Xxxxx XX 00000Ann Arbor MI 48107. FUNDS AVAILABILITY POLICY DISCLOSURE This policy applies to checking accounts. Feel free to ask us whether any of your other accounts might also be under this policy. Our policy is to make funds from your deposits available to you immediately after we receive your deposit. Please remember that even after we have made funds available to you and you have withdrawn the funds, you are still responsible for checks you deposit or cash that are returned to us unpaid, and for any other problems involving your transaction. Determining the Availability of a Deposit – For determining the availability of your deposits, every day is a business day except Saturdays, Sundays, and Federal holidays. If you make a deposit before closing on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after closing or on a day we are not open, we will consider that the deposit was made on the next business day we are open.

Transfer and Related Fees. You agree to pay all transfer and related fees, e.g., NSF, stop payment, and research fees, as published from time to time in the UMCU Fee Schedule. Limitation on Liability UMCU is not responsible for any failure on your part or the part of another financial institution, including but not limited to a failure to act in a timely manner. We may refuse and are not liable for any transfer request that you attempt by any method we do not specifically permit, which exceeds the frequency permitted, or which is for an amount outside of any transfer limitations. Even if we honor a 4ƒ25ƒ19 nonconforming request, we may treat continued abuse of the stated limitations as your act of discontinuing the Service. The Credit Union may refuse any withdrawal request against unavailable or non-sufficient non−sufficient funds. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. Contacting University of Michigan Credit Union For general questions, to request cancellation of transfers, or to report unauthorized transactions, please call us at (734) 000- 0000 662−8200 or (000800) 000-0000968−8628. You may also write us at: University of Michigan Credit Union, X.X. Xxx 0000, Xxx Xxxxx XX 00000. 00000 4ƒ25ƒ19 FUNDS AVAILABILITY POLICY DISCLOSURE This policy applies to checking accounts. Feel free to ask us whether any of your other accounts might also be under this policy. Our policy is to make funds from your deposits available to you immediately after we receive your deposit. Please remember that even after we have made funds available to you and you have withdrawn the funds, you are still responsible for checks you deposit or cash that are returned to us unpaid, and for any other problems involving your transaction. Determining the Availability of a Deposit – For determining the availability of your deposits, every day is a business day except Saturdays, Sundays, and Federal holidays. If you make a deposit before closing on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after closing or on a day we are not open, we will consider that the deposit was made on the next business day we are open. Deposits in New Accounts – Within the first 30 calendar days after an account is opened the funds you deposit by check will not be available until the fifth business day after the day of your deposit. The first $5,000 from a deposit of U.S. Treasury checks made payable to you and made in person to an employee of the University of Michigan Credit Union will be available for withdrawal one business day after your deposit. The excess over $5,000 will be available after the fifth business day. You also have next day availability on the first $5,000 for the following check deposits if they are payable to you and made in person to an employee of the University of Michigan Credit Union: state or local government checks; cashier’s checks; certified checks; teller’s checks; or U.S. Postal Service Money Orders. The rest is available after the fifth business day. Longer Delays May Apply – In some cases, we will not make all of the funds that you deposit by check available to you immediately. Depending on the type of checks that you deposit, funds may not be available until the second business day after the day of your deposit. However, the first $200 of your deposit will be available on the first business day after the deposit. If all funds from your deposit are not going to be available on that same business day, we will inform you at the time you make your deposit. We will also inform you when the funds will be made available. If your deposit is not made directly to a credit union employee, or if we decide to take action after you have left the premises, we will mail you the notice by the business day after the decision is made to limit availability. If you will need the funds from a deposit right away, you should ask us when the funds will be available. In addition, funds you deposit by check may be delayed for a longer period under the following circumstances: • We believe a check you deposit will not be paid; • You deposit checks totaling more than $5,000 on any one day; • You deposit a check that has been returned unpaid; • You have overdrawn your account repeatedly in the last six months; • There is an emergency, such as failure of communications or computer equipment. We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the seventh business day after the day of your deposit. Deposits at Automated Teller Machines (ATMs) – The first $200 of a deposit made at Automated Teller Machines (ATMs) will be available on the first business day after the day of deposit. We may hold any deposit at an ATM for two business days. R 11/18 Deposits at Shared Branches and Service Centers – The first $200 of a deposit made at Shared Branches or Service Centers will be available on the first business day after the day of the deposit. We may hold any deposit for two business days. If you make a deposit at a Shared Branch on a day that your credit union is not open, your deposit will be considered made on the next business day your credit union is open. COURTESY PAY DISCLOSURE To provide the highest level of service to our members, University of Michigan Credit Union (UMCU) has adopted this discretionary overdraft policy to provide consistency and fairness in managing overdrafts. Courtesy Pay is not a contractual commitment to do so, but if you maintain your account in good standing, we may, at our sole discretion, pay a check or pre-authorized electronic (ACH) transaction when the amount withdrawn exceeds the available amount in your checking account. If you do not want us to pay your overdrafts for checks or ACH, you must notify us to “opt out”. If you receive a direct deposit of your social security or other federal benefit check, you must opt out if you do not want us to apply those funds to repay an overdraft. We will not authorize any ATM, Point-of-Sale (POS) or one-time debit card transaction when the amount withdrawn exceeds the available amount in your checking account unless you provide your affirmative consent for us to do so (“opt in”). You have the right to revoke this authorization at any time (“opt out”). In paying these items, your checking account may be overdrawn by up to $500, including any and all fees and charges. Good standing may include, but is not limited to, any or all of the following criteria and is subject to change: • You are at least 18 years of age. • You are not in default (35 days or longer past due) on any loan or other obligation to us. • You are not subject to any legal or administrative order or levy. • Your account has not been overdrawn longer than 45 days. • You do not have a revoked ATM or Debit Card. • You have a valid mailing address on file with UMCU. A Courtesy Pay fee, as set forth in the Fee Schedule, will be charged for each item submitted and paid that overdraws your checking account by less than $500. You will not be charged for a fee if the transaction is less than $10.00. There is no limit to the number of total fees we can charge you for overdrawing your account. You are not charged for using Courtesy Pay unless you have an overdraft. Transactions may not be processed in the order in which they occur; the order in which transactions are received by UMCU and processed can affect the total amount of overdraft fees incurred. If your checking account is overdrawn 45 consecutive days, the account will be closed. It is the policy of UMCU to comply with all applicable laws and regulations. The Membership and Account Agreement controls the duties, obligations and rights of the member, the authorized signatories and UMCU with regard to your checking account. The Membership and Account Agreement terms shall control any possible conflict between any provision of this overdraft policy and the Membership and Account Agreement. FACTS Why? How? Revised 10/2010 Privacy Policy Disclosure WHAT DOES UNIVERSITY OF MICHIGAN CREDIT UNION (UMCU) DO WITH YOUR PERSONAL INFORMATION? Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. The types of personal information we collect and share depend on the product or service you have with us. This information caninclude: • social security number and income • account balances and payment history • credit history and credit score All financial companies need to share members' personal information to run their everyday business. In the sectionbelow, welist the reasons financial companies can share their members' personal information; the reasons University of Michigan Credit Union chooses to share; and whether you can limit this sharing. Reasons we can share your personal information Does University of Michigan Can you limit this sharing? Credit Union share? For our everyday business purposes - such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus For our marketing purposes - to offer our products and services to you YES NO YES NO For joint marketing with other financial companies YES YES For our affiliates' everyday business purposes - information about your transactions and experiences For our affiliates' everyday business purposes information about your creditworthiness NO WEDON'TSHARE NO WEDON'TSHARE For affiliates to market to you NO WE DON'T SHARE For non-affiliates to market to you NO WE DON'T SHARE • Call 000-000-0000 or 000-000-0000 and a Member ServiceRepresentative will assist you in your opt-out preferences. • Visit us online at xxx.xxxx.xxx and click on "Contact Us" to send a secure message to let us know your opt-out preferences.