Common use of Your Available Balance and Debit Card Transactions Clause in Contracts

Your Available Balance and Debit Card Transactions. Everyday debit card transactions are processed against your account at two different times: first, when the transaction is authorized, and again when the transaction actually settles to your account, usually days later. This delay between the time a particular transaction is authorized and when it actually settles to your account is solely within the control of the merchant and its processor. The Credit Union has no control with respect to the time period that elapses between the time a merchant seeks authorization and finally submits the transaction for settlement. For debit card transactions, we use your Available Balance at the time a transaction is authorized and your Ledger Balance when the transaction settles to your account to determine if each specific transaction will overdraw your account and whether a fee will be assessed. It is important to remember that your Available Balance may not reflect all of your transactions. When the Credit Union authorizes an everyday debit transaction, the amount of the transaction is subject to a preauthorization hold. This means that the amount of the transaction is subtracted from your Ledger Balance. It is important to understand that even if you have sufficient available funds in your account at the time the transaction is authorized, it is possible that the settlement of the transaction may result in an overdraft to your account, and the incurring of a fee. The two most common scenarios are as follows: • Example 1: Purchase transactions where the final amount is initially unknown. The most common examples of a purchase transaction where the final amount is initially unknown are gas station purchases, restaurant charges, hotel and car reservations. In such cases the transaction will be communicated to the Credit Union for authorization in one amount, but when the transaction actually settles your Account it does so for a greater amount. For example, if you use your debit card to pay at the pump for a gasoline purchase, you typically must utilize your debit card before operating the pump. The Credit Union may receive an authorization request in the amount of $15.00. At the time of the authorization request, both the Available Balance and the Ledger Balance in your account is $30.00. Because your Available Balance is sufficient to cover the preauthorization request, the Credit Union approves the authorization request, and the Available Balance in your account is reduced to $15.00, while your Ledger Balance remains at $30.00. You proceed with the transaction, and purchase gasoline totaling $40.00. When that transaction actually settles to your Account in the amount of $40.00 as opposed to the $15.00 that was authorized, the Ledger Balance in your Account is not sufficient to cover the settlement of the preauthorized transaction. Accordingly, the Credit Union’s payment of the preauthorized transaction results in an overdraft, and you will incur a fee (assuming you have opted into the Credit Union’s payment of overdrafts for everyday debit transactions). • Example 2: Purchase transactions where intervening items paid between authorization and settlement result in the overdrafting of your Account. Assume the same gas station scenario as described in Example 1, except that you purchase gasoline totaling just $15.00, so the authorized amount of the transaction is the same as the settlement amount of the transaction. However, between the day the transaction was authorized and the day the transaction settles to your account, a check you wrote in the amount of $35.00 is presented for payment. The Available Balance in your account at the time of presentment is $15.00, and the Ledger Balance in your account is $30.00, but the Credit Union pays the item in accordance its Courtesy Pay service, resulting in a negative Available Balance and a negative Ledger Balance . When the $15.00 gas station transaction actually settles to your account, the Ledger Balance in your account is not sufficient to cover the settlement of the preauthorized transaction, even though the settlement amount of the transaction is the same as the preauthorized amount of the transaction. Accordingly, the Credit Union’s payment of the preauthorized transaction results in an additional overdraft, and you will incur a fee (assuming you have opted into the Credit Union’s payment of overdrafts for everyday debit transactions). For debit card transactions involving merchant authorization holds, we look at the Available Balance at the time a transaction is authorized and at the Ledger Balance at settlement to determine whether the transaction will result in an overdraft and a fee. If your Available Balance is insufficient to pay the preauthorization amount requested by a merchant, and you have not opted into Courtesy Pay for payment of everyday debit transactions, we will decline the request. If your Available Balance is sufficient to cover a merchant’s authorization request, the authorization request will be approved and an authorization hold will be placed on your account in the amount of the merchant’s authorization request. If your Available Balance is insufficient to cover a merchant’s authorization request, and you have opted in to Courtesy Pay for everyday debit transactions, we may choose to approve the authorization request. If we choose to authorize the transaction using Courtesy Pay, we will charge a Courtesy Pay Fee on that transaction when it settles, only if your Ledger Balance at settlement is insufficient to cover the transaction. If your Ledger Balance is sufficient to cover the transaction at settlement, we will not charge a Courtesy Pay Fee, even though your Available Balance was insufficient to cover that transaction at the time it was authorized. Note that transactions authorized with a merchant as recurring debit card transactions may be covered by Courtesy Pay regardless of whether you have opted into Courtesy Pay for the payment of everyday debit card transactions. Please note that the merchant determines whether a transaction is recurring. The Credit Union cannot change that determination.

Your Available Balance and Debit Card Transactions. Everyday debit card transactions are processed against your account at two different times: first, when the transaction is authorized, and again when the transaction actually settles to your account, usually days later. This delay between the time a particular transaction is authorized and when it actually settles to your account is solely within the control of the merchant and its processor. The Credit Union has no control with respect to the time period that elapses between the time a merchant seeks authorization and finally submits the transaction for settlement. For debit card transactions, we use your Available Balance available balance at the time a transaction is authorized and your Ledger Balance again when the transaction settles to your account to determine if each specific transaction will overdraw your account and whether a fee will be assessed. It is important to remember that your Available Balance available balance may not reflect all of your transactions. When the Credit Union authorizes an everyday debit transaction, the amount of the transaction is subject to a preauthorization hold. This means that the amount of the transaction is subtracted from your Ledger Balanceactual balance. It is important to understand that even if you have sufficient available funds in your account at the time the transaction is authorized, it is possible that the settlement of the transaction may result in an overdraft to your account, and the incurring of a fee. The two most common scenarios are as follows: • Example 1: Purchase transactions where the final amount is initially unknown. The most common examples of a purchase transaction where the final amount is initially unknown are gas station purchases, restaurant charges, hotel and car reservations. In such cases the transaction will be communicated to the Credit Union for authorization in one amount, but when the transaction actually settles to your Account it does so for a greater amount. For example, if you use your debit card to pay at the pump for a gasoline purchase, you typically must utilize your debit card before operating the pump. The Credit Union may receive an authorization request in the amount of $15.00. At the time of the authorization request, both the Available Balance and the Ledger Balance available balance in your account is $30.00. Because your Available Balance is sufficient to cover the preauthorization request, so the Credit Union approves the authorization request, and the Available Balance available balance in your account is reduced to $15.00, while your Ledger Balance remains at $30.00. You proceed with the transaction, and purchase gasoline totaling $40.00. When that transaction actually settles to your Account in the amount of $40.00 as opposed to the $15.00 that was authorized, the Ledger Balance available balance in your Account is not sufficient to cover the settlement of the preauthorized transaction. Accordingly, the Credit Union’s payment of the preauthorized transaction results in an overdraft, and you will incur a fee (assuming you have opted into the Credit Union’s payment of overdrafts for everyday debit transactions). • Example 2: Purchase transactions where intervening items paid between authorization and settlement result in the overdrafting overdraft of your Account. Assume the same gas station scenario as described in Example 1, except that you purchase gasoline totaling just $15.00, so the authorized amount of the transaction is the same as the settlement amount of the transaction. However, between the day the transaction was authorized and the day the transaction settles to your account, a check you wrote in the amount of $35.00 is presented for payment. The Available Balance available balance in your account at the time of presentment is $15.00, and the Ledger Balance in your account is $30.00, but so the Credit Union pays returns the item in accordance its Courtesy Pay servicecheck and you incur an NSF Fee, resulting in a negative Available Balance and a negative Ledger Balance reducing your available balance to less than $15.00. When the $15.00 gas station transaction actually settles to your account, the Ledger Balance available balance in your account is not sufficient to cover the settlement of the preauthorized transaction, even though the settlement amount of the transaction is the same as the preauthorized amount of the transaction. Accordingly, the Credit Union’s payment of the preauthorized transaction results in an additional overdraft, and you will incur a fee (assuming you have opted into the Credit Union’s payment of overdrafts for everyday debit transactions). For debit card transactions involving merchant authorization holds, we look at the Available Balance available balance at the time a transaction is authorized and at the Ledger Balance again at settlement to determine whether the transaction will result in an overdraft and a fee. If your Available Balance available balance is insufficient to pay the preauthorization amount requested by a merchant, and you have not opted into Courtesy Pay Overdraft Privilege for payment of everyday debit transactions, we will decline the request. If your Available Balance available balance is sufficient to cover a merchant’s authorization request, the authorization request will be approved and an authorization hold will be placed on your account in the amount of the merchant’s authorization request. If your Available Balance available balance is insufficient to cover a merchant’s authorization request, and you have opted in to Courtesy Pay into Overdraft Privilege for everyday debit transactions, we may choose to approve the authorization request. If In the instance where your available balance was insufficient to cover a merchant’s authorization request at the time of authorization without causing the account to have a negative balance, and we choose to authorize the transaction using Courtesy PayOverdraft Privilege, we will charge a Courtesy Pay an Overdraft Privilege Fee on that transaction when it settlesposts, only if your Ledger Balance at settlement is insufficient to cover regardless of the transaction. If your Ledger Balance is sufficient to cover available balance in the transaction at settlement, we will not charge a Courtesy Pay Fee, even though your Available Balance was insufficient to cover that transaction account at the time it was authorizedof posting. Note that transactions authorized with a merchant as recurring debit card transactions may be covered by Courtesy Pay Overdraft Privilege regardless of whether you have opted into Courtesy Pay Overdraft Privilege for the payment of everyday debit card transactions. Please note that the merchant determines whether a transaction is recurring. The Credit Union cannot change that determination.

Your Available Balance and Debit Card Transactions. Everyday debit card transactions are processed against your account at two different times: first, when the transaction is authorized, and again when the transaction actually settles to your account, usually days later. This delay between the time a particular transaction is authorized and when it actually settles to your account is solely within the control of the merchant and its processor. The Credit Union has no control with respect to the time period that elapses between the time a merchant seeks authorization and finally submits the transaction for settlement. For debit card transactions, we use your Available Balance available balance at the time a transaction is authorized and your Ledger Balance again when the transaction settles to your account to determine if each specific transaction will overdraw your account and whether a fee will be assessed. It is important to remember that your Available Balance available balance may not reflect all of your transactions. When the Credit Union authorizes an everyday debit transaction, the amount of the transaction is subject to a preauthorization hold. This means that the amount of the transaction is subtracted from your Ledger Balanceactual balance. It is important to understand that even if you have sufficient available funds in your account at the time the transaction is authorized, it is possible that the settlement of the transaction may result in an overdraft to your account, and the incurring of a fee. The two most common scenarios are as follows: • Example 1 Example1: Purchase transactions where the final amount is initially unknown. The most common examples of a purchase transaction where the final amount is initially unknown are gas station purchases, restaurant charges, hotel and car reservations. In such cases the transaction will be communicated to the Credit Union for authorization in one amount, but when the transaction actually settles to your Account it does so for a greater amount. For example, if you use your debit card to pay at the pump for a gasoline purchase, you typically must utilize your debit card before operating the pump. The Credit Union may receive an authorization request in the amount of $15.00. At the time of the authorization request, both the Available Balance and the Ledger Balance available balance in your account is $30.00. Because your Available Balance is sufficient to cover the preauthorization request, so the Credit Union approves the authorization request, and the Available Balance available balance in your account is reduced to $15.00, while your Ledger Balance remains at $30.00. You proceed with the transaction, and purchase gasoline totaling $40.00. When that transaction actually settles to your Account in the amount of $40.00 as opposed to the $15.00 that was authorized, the Ledger Balance available balance in your Account is not sufficient to cover the settlement of the preauthorized transaction. Accordingly, the Credit Union’s payment of the preauthorized transaction results in an overdraft, and you will incur a fee (assuming you have opted into the Credit Union’s payment of overdrafts for everyday debit transactions). •  Example 2: Purchase transactions where intervening items paid between authorization and settlement result in the overdrafting of your Account. Assume the same gas station scenario as described in Example 1, except that you purchase gasoline totaling just $15.00, so the authorized amount of the transaction is the same as the settlement amount of the transaction. However, between the day the transaction was authorized and the day the transaction settles to your account, a check you wrote in the amount of $35.00 is presented for payment. The Available Balance available balance in your account at the time of presentment is $15.00, and the Ledger Balance in your account is $30.00, but the Credit Union pays the item in accordance with its Courtesy Pay service, resulting in a negative Available Balance and a negative Ledger Balance an overdraft. When the $15.00 gas station transaction actually settles to your account, the Ledger Balance available balance in your account is not sufficient to cover the settlement of the preauthorized transaction, even though the settlement amount of the transaction is the same as the preauthorized amount of the transaction. Accordingly, the Credit Union’s payment of the preauthorized transaction results in an additional overdraft, and you will incur a fee (assuming you have opted into the Credit Union’s payment of overdrafts for everyday debit transactions). For debit card transactions involving merchant authorization holds, we look at the Available Balance available balance at the time a transaction is authorized and at the Ledger Balance again at settlement to determine whether the transaction will result in an overdraft and a fee. If your Available Balance available balance is insufficient to pay the preauthorization amount requested by a merchant, and you have not opted into Courtesy Pay for payment of everyday debit transactions, we will decline the request. If your Available Balance available balance is sufficient to cover a merchant’s authorization request, the authorization request will be approved and an authorization hold will be placed on your account in the amount of the merchant’s authorization request. If your Available Balance available balance is insufficient to cover a merchant’s authorization request, and you have opted in to Courtesy Pay for everyday debit transactions, we may choose to approve the authorization request. If In the instance where your available balance was insufficient to cover a merchant’s authorization request at the time of authorization without causing the account to have a negative balance, and we choose to authorize the transaction using Courtesy Pay, we will charge a Courtesy Pay Fee on that transaction when it settlesposts, only if your Ledger Balance at settlement is insufficient to cover regardless of the transaction. If your Ledger Balance is sufficient to cover available balance in the transaction at settlement, we will not charge a Courtesy Pay Fee, even though your Available Balance was insufficient to cover that transaction account at the time it was authorizedof posting. Note that transactions authorized with a merchant as recurring debit card transactions may be covered by Courtesy Pay regardless of whether you have opted into Courtesy Pay for the payment of everyday debit card transactions. Please note that the merchant determines whether a transaction is recurring. The Credit Union cannot change that determination.

Your Available Balance and Debit Card Transactions. Everyday debit card transactions are processed against your account at two different times: first, when the transaction is authorized, and again when the transaction actually settles to your account, usually days later. This delay between the time a particular transaction is authorized and when it actually settles to your account is solely within the control of the merchant and its processor. The Credit Union has no control with respect to the time period that elapses between the time a merchant seeks authorization and finally submits the transaction for settlement. For debit card transactions, we use your Available Balance available balance at the time a transaction is authorized and your Ledger Balance again when the transaction settles to your account to determine if each specific transaction will overdraw your account and whether a fee will be assessed. It is important to remember that your Available Balance available balance may not reflect all of your transactions. When the Credit Union authorizes an everyday debit transaction, the amount of the transaction is subject to a preauthorization hold. This means that the amount of the transaction is subtracted from your Ledger Balanceactual balance. It is important to understand that even if you have sufficient available funds in your account at the time the transaction is authorized, it is possible that the settlement of the transaction may result in an overdraft to your account, and the incurring of a fee. The two most common scenarios are as follows: • Example 1: Purchase transactions where the final amount is initially unknown. The most common examples of a purchase transaction where the final amount is initially unknown are gas station purchases, restaurant charges, hotel and car reservations. In such cases the transaction will be communicated to the Credit Union for authorization in one amount, but when the transaction actually settles your Account it does so for a greater amount. For example, if you use your debit card to pay at the pump for a gasoline purchase, you typically must utilize your debit card before operating the pump. The Credit Union may receive an authorization request in the amount of $15.00. At the time of the authorization request, both the Available Balance and the Ledger Balance available balance in your account is $30.00. Because your Available Balance is sufficient to cover the preauthorization request, so the Credit Union approves the authorization request, and the Available Balance available balance in your account is reduced to $15.00, while your Ledger Balance remains at $30.00. You proceed with the transaction, and purchase gasoline totaling $40.00. When that transaction actually settles to your Account in the amount of $40.00 as opposed to the $15.00 that was authorized, the Ledger Balance available balance in your Account is not sufficient to cover the settlement of the preauthorized transaction. Accordingly, the Credit Union’s payment of the preauthorized transaction results in an overdraft, and you will incur a fee (assuming you have opted into the Credit Union’s payment of overdrafts for everyday debit transactions). • Example 2: Purchase transactions where intervening items paid between authorization and settlement result in the overdrafting of your Account. Assume the same gas station scenario as described in Example 1, except that you purchase gasoline totaling just $15.00, so the authorized amount of the transaction is the same as the settlement amount of the transaction. However, between the day the transaction was authorized and the day the transaction settles to your account, a check you wrote in the amount of $35.00 is presented for payment. The Available Balance available balance in your account at the time of presentment is $15.00, and the Ledger Balance in your account is $30.00, but the Credit Union pays the item in accordance its Courtesy Discretionary Pay service, resulting in a negative Available Balance and a negative Ledger Balance an overdraft. When the $15.00 gas station transaction actually settles to your account, the Ledger Balance available balance in your account is not sufficient to cover the settlement of the preauthorized transaction, even though the settlement amount of the transaction is the same as the preauthorized amount of the transaction. Accordingly, the Credit Union’s payment of the preauthorized transaction results in an additional overdraft, and you will incur a fee (assuming you have opted into the Credit Union’s payment of overdrafts for everyday debit transactions). For debit card transactions involving merchant authorization holds, we look at the Available Balance available balance at the time a transaction is authorized and at the Ledger Balance again at settlement to determine whether the transaction will result in an overdraft and a fee. If your Available Balance available balance is insufficient to pay the preauthorization amount requested by a merchant, and you have not opted into Courtesy Discretionary Pay for payment of everyday debit transactions, we will decline the request. If your Available Balance available balance is sufficient to cover a merchant’s authorization request, the authorization request will be approved and an authorization hold will be placed on your account in the amount of the merchant’s authorization request. If your Available Balance available balance is insufficient to cover a merchant’s authorization request, and you have opted in to Courtesy into Discretionary Pay for everyday debit transactions, we may choose to approve the authorization request. If In the instance where your available balance was insufficient to cover a merchant’s authorization request at the time of authorization without causing the account to have a negative balance, and we choose to authorize the transaction using Courtesy Discretionary Pay, we will charge a Courtesy Discretionary Pay Fee on that transaction when it settlesposts, only if your Ledger Balance at settlement is insufficient to cover regardless of the transaction. If your Ledger Balance is sufficient to cover available balance in the transaction at settlement, we will not charge a Courtesy Pay Fee, even though your Available Balance was insufficient to cover that transaction account at the time it was authorizedof posting. Note that transactions authorized with a merchant as recurring debit card transactions may be covered by Courtesy Discretionary Pay regardless of whether you have opted into Courtesy Discretionary Pay for the payment of everyday debit card transactions. Please note that the merchant determines whether a transaction is recurring. The Credit Union cannot change that determination.

Your Available Balance and Debit Card Transactions. Everyday debit card transactions are processed against your account at two different times: first, when the transaction is authorized, and again when the transaction actually settles to your account, usually days later. This delay between the time a particular transaction is authorized and when it actually settles to your account is solely within the control of the merchant and its processor. The Credit Union has no control with respect to the time period that elapses between the time a merchant seeks authorization and finally submits the transaction for settlement. For debit card transactions, we use your Available Balance available balance at the time a transaction is authorized and your Ledger Balance when the transaction settles to your account to determine if each specific transaction will overdraw your account and whether a fee will be assessed. It is important to remember that your Available Balance available balance may not reflect all of your transactions. When the Credit Union authorizes an everyday debit transaction, the amount of the transaction is subject to a preauthorization hold. This means that the amount of the transaction is subtracted from your Ledger Balanceactual balance. It is important to understand that even if you have sufficient available funds in your account at the time the transaction is authorized, it is possible that the settlement of the transaction may result in an overdraft to your account, and the incurring of a fee. The two most common scenarios are as follows: • Example 1: Purchase transactions where the final amount is initially unknown. The most common examples of a purchase transaction where the final amount is initially unknown are gas station purchases, restaurant charges, hotel and car reservations. In such cases the transaction will be communicated to the Credit Union for authorization in one amount, but when the transaction actually settles your Account it does so for a greater amount. For example, if you use your debit card to pay at the pump for a gasoline purchase, you typically must utilize your debit card before operating the pump. The Credit Union may receive an authorization request in the amount of $15.00. At the time of the authorization request, both the Available Balance and the Ledger Balance available balance in your account is $30.00. Because your Available Balance is sufficient to cover the preauthorization request, so the Credit Union approves the authorization request, and the Available Balance available balance in your account is reduced to $15.00, while your Ledger Balance remains at $30.00. You proceed with the transaction, and purchase gasoline totaling $40.00. When that transaction actually settles to your Account in the amount of $40.00 as opposed to the $15.00 that was authorized, the Ledger Balance available balance in your Account is not sufficient to cover the settlement of the preauthorized transaction. Accordingly, the Credit Union’s payment of the preauthorized transaction results in an overdraft, and you will incur a fee (assuming you have opted into the Credit Union’s payment of overdrafts for everyday debit transactions). • Example 2: Purchase transactions where intervening items paid between authorization and settlement result in the overdrafting of your Account. Assume the same gas station scenario as described in Example 1, except that you purchase gasoline totaling just $15.00, so the authorized amount of the transaction is the same as the settlement amount of the transaction. However, between the day the transaction was authorized and the day the transaction settles to your account, a check you wrote in the amount of posts to your account, reducing your available balance to less than $35.00 is presented for payment. The Available Balance in your account at the time of presentment is $15.00, and the Ledger Balance in your account is $30.00, but the Credit Union pays the item in accordance its Courtesy Pay service, resulting in a negative Available Balance and a negative Ledger Balance 15. When the $15.00 gas station transaction actually settles to your account, the Ledger Balance available balance in your account is not sufficient to cover the settlement of the preauthorized transaction, even though the settlement amount of the transaction is the same as the preauthorized amount of the transaction. Accordingly, the Credit Union’s payment of the preauthorized transaction results in an additional overdraft, and you will incur a fee (assuming you have opted into the Credit Union’s payment of overdrafts for everyday debit transactions)fee. For debit card transactions involving merchant authorization holds, we look at the Available Balance available balance at the time a transaction is authorized and at the Ledger Balance again at settlement to determine whether the transaction will result in an overdraft and a fee. If your Available Balance available balance is insufficient to pay the preauthorization amount requested by a merchant, and you have not opted into Courtesy Pay for payment of everyday debit transactions, we will decline the request. If your Available Balance available balance is sufficient to cover a merchant’s authorization request, the authorization request will be approved and an authorization hold will be placed on your account in the amount of the merchant’s authorization request. If your Available Balance is insufficient to cover a merchant’s authorization request, and you have opted in to Courtesy Pay for everyday debit transactions, we may choose to approve the authorization request. If we choose to authorize the transaction using Courtesy Pay, we will charge a Courtesy Pay Fee on that transaction when it settles, only if your Ledger Balance at settlement is insufficient to cover the transaction. If your Ledger Balance is sufficient to cover the transaction at settlement, we will not charge a Courtesy Pay Fee, even though your Available Balance was insufficient to cover that transaction at the time it was authorized. Note that transactions authorized with a merchant as recurring debit card transactions may be covered by Courtesy Pay regardless of whether you have opted into Courtesy Pay for the payment of everyday debit card transactions. Please note that the merchant determines whether a transaction is recurring. The Credit Union cannot change that determination.