Common use of Transfer Types and Limitations Clause in Contracts

Transfer Types and Limitations. External Transfers are processed on business days only. Transfers requested after 2:00 PM Pacific Time or on a non-business day (Saturday and Sunday) and holidays will be considered received on the following business day. The date the debit is estimated to take place is known as the “send date”. When establishing a transfer, External Transfers will display the earliest estimated send date available. Following the debit, the transfer will take approximately 3-4 business days to complete. You may set up transfers that will occur one time only or will recur on a specified basis for a set date and set dollar amount. Recurring transfers will continue on a scheduled basis until you request us to cancel the transfer. We limit the number of funds transfers you may make. You may not make funds transfers in excess of the number of funds transfers allowed by the rules governing the applicable Accounts as specified in the Truth-in-Savings Disclosure. External Transfers are limited by dollar amount, both as a daily limit and an aggregated total for a thirty (30) calendar day period. The amount of your limit is established at our sole discretion. We may from time to time for security and risk management reasons modify the limit, the frequency and the dollar amount of transfers you can make using External Transfers. We reserve the right to decline to affect any funds transfer, to submit funds transfer instructions or orders or to carry out change or cancellation requests. Loan Payments You may use External Transfers to make payments to your loans at Valley First with the exception of credit cards. Recurring transfers are not recommended to make payments to loans with fluctuating payment amounts such as Home Equity Lines of Credit or Personal Lines of Credit. You are responsible for canceling recurring transfers after a loan is paid in full. Mobile Deposit Mobile Deposit is made available to eligible members. Through our Mobile Deposit Service, you are able to deposit funds into your accounts by taking pictures of the checks and delivering the digital images and associated deposit information to us, using your mobile device. Eligible members that elect to use this service agree to abide by the terms and conditions of the “Mobile Deposit Services Agreement”, in addition to the terms and conditions contained in this Online Banking Agreement. The terms and conditions of the “Mobile Deposit Services Agreement” can be viewed when you first access the Mobile Deposit Service and can also be found on Valley First Credit Union’s website. eAlerts The eAlerts Service is a personal financial information alert service that allows you to receive information about your account including, but not limited to, information related to account balance changes, checks cleared, debit card purchases and electronic deposits or withdrawal notifications. When you access Online Banking, you can initiate alerts by clicking on the eAlerts link. You may set up, change or delete eAlerts at any time. You agree and understand that this service may not be accessible or may have limited utility over some Internet or mobile networks. The eAlerts that you authorize are only available through Online Banking. When you create eAlerts, they are linked only to the account under which they were created through Online Banking. Balances shown on eAlerts reflect balance information at the time the alert was initiated by the Credit Union and may no longer be accurate at the time you review it. Additionally, balances on eAlerts may not reflect funds that are on hold, which may affect your available balance. In addition to the eAlerts that you set-up through Online Banking, the Credit Union will send forced security eAlerts when certain activity happens on your account. These alerts will be sent via Secure Message as well as to the email address on file. Forced security eAlerts are not optional and are triggered when certain activity happens such as:

Transfer Types and Limitations. External Transfers are processed on business days only. Transfers requested after 2:00 PM Pacific Time or on a non-business day (Saturday and Sunday) and holidays will be considered received on the following business day. The date the debit is estimated to take place is known as the “send date”. When establishing a transfer, External Transfers will display the earliest estimated send date available. Following the debit, the transfer will take approximately 3-4 business days to complete. You may set up transfers that will occur one time only or will recur on a specified basis for a set date and set dollar amount. Recurring transfers will continue on a scheduled basis until you request us to cancel the transfer. We limit the number of funds transfers you may make. You may not make funds transfers in excess of the number of funds transfers allowed by the rules governing the applicable Accounts as specified in the Truth-in-Savings Disclosure. External Transfers are limited by dollar amount, both as a daily limit and an aggregated total for a thirty (30) calendar day period. The amount of your limit is established at our sole discretion. We may from time to time for security and risk management reasons modify the limit, the frequency and the dollar amount of transfers you can make using External Transfers. We reserve the right to decline to affect any funds transfer, to submit funds transfer instructions or orders or to carry out change or cancellation requests. Loan Payments You may use External Transfers to make payments to your loans at Valley First with the exception of credit cards. Recurring transfers are not recommended to make payments to loans with fluctuating payment amounts such as Home Equity Lines of Credit or Personal Lines of Credit. You are responsible for canceling recurring transfers after a loan is paid in full. Mobile Deposit Mobile Deposit is made available to eligible members. Through our Mobile Deposit Service, you are able to can deposit funds into your accounts by taking pictures of the checks and delivering the digital images and associated deposit information to us, using your mobile device. Eligible members that elect to use this service agree to abide by the terms and conditions of the “Mobile Deposit Services Agreement”, in addition to the terms and conditions contained in this Online Banking Agreement. The terms and conditions of the “Mobile Deposit Services Agreement” can be viewed when you first access the Mobile Deposit Service and can also be found on Valley First Credit Union’s website. eAlerts The eAlerts Service is a personal financial information alert service that allows you to receive information about your account including, but not limited to, information related to account balance changes, checks cleared, debit card purchases and electronic deposits or withdrawal notifications. When you access Online Banking, you can initiate alerts by clicking on the eAlerts link. You may set up, change change, or delete eAlerts at any time. You agree and understand that this service may not be accessible or may have limited utility over some Internet or mobile networks. The eAlerts that you authorize are only available through Online Banking. When you create eAlerts, they are linked only to the account under which they were created through Online Banking. Balances shown on eAlerts reflect balance information at the time the alert was initiated by the Credit Union and may no longer be accurate at the time you review it. Additionally, balances on eAlerts may not reflect funds that are on hold, which may affect your available balance. In addition to the eAlerts that you set-set up through Online Banking, the Credit Union will send forced security eAlerts when certain activity happens on your account. These alerts will be sent via Secure Message as well as to the email address on file. Forced security eAlerts are not optional and are triggered when certain activity happens such as: