Common use of Your Checking Account Balance Clause in Contracts

Your Checking Account Balance. Your checking account has two kinds of balances: the “balance” and the “available balance.” Both can be checked when you review your account online, on your mobile banking application, at an ATM, by phone, or at a branch. It is important to understand how the two balances work so that you know how much money is in your account at any given time. Your balance is the full amount of all deposits, even though some portion of a deposit may be on hold and may not be available to you, less payment transactions that have been presented and “posted” to your account, but not payment transactions that have been authorized and are pending. Thus, while the term balance may seem as though the number you see is the amount in your account that is available for you to spend, that is not always the case. Any holds for purchase transactions, holds on deposits, or other checks, payments and fees that have not yet posted will not appear in your balance. For example, if you have a $50 balance, but you just wrote a check for $40, then your balance is still shown as $50 but it does not reflect the pending check transaction. At that point, you actually have $50, but you have already spent $40. Your available balance is the amount of money in your account that is available for you to use. The available balance is the balance less things like holds placed on deposits and pending transactions (such as pending debit card purchases) that MSUFCU has authorized but that have not yet posted to your account. For example, assume you have a balance of $50 and an available balance of $50. If you were to use your debit card at a restaurant to buy lunch for $20, then that merchant could ask MSUFCU to authorize the payment. In that case, MSUFCU will reduce your available balance by $20 because once we authorize the payment, we are obligated to pay it. Your balance would still be $50 because this transaction has not yet been presented to us and posted to your account, but your available balance would be $30 because you have committed to pay the restaurant $20. When the restaurant presents its xxxx for payment (which could be several days later), MSUFCU will post the transaction to your account and your actual balance will be reduced by $20, and both your balance and your available balance will be $30. Available balance at the time transactions are presented to MSUFCU and posted to your account (not when they are authorized) is used to determine when your account is overdrawn. The following example illustrates how this work: Assume your balance and available balance are each $100, and you use your debit card to pay a $60 xxxx at a restaurant. As a result, your available balance will be reduced by $60, so your available balance is now $40. However, your balance is still $100. Before the restaurant charge is presented to MSUFCU for posting, a check that you wrote for $50 posts. Because you have only $40 available (you have committed to pay the restaurant $60), your account will be overdrawn by $10, even though your balance was $100 before the check posted and is still $50 after the check posts. In this case, MSUFCU may pay the $50 check, but you will be charged an overdraft fee. That fee will be deducted from your account, further reducing the balance and available balance. Also, when the $60 restaurant charge is presented to MSUFCU and posted to your account, your available balance is insufficient because of the intervening check, and you will be charged a fee for that transaction as well, even though your available balance was sufficient to pay it when it was authorized. It is very important to understand that you may still overdraw your account even though the available balance appears to show there are sufficient funds to cover a transaction that you want to make. This is because your available balance may not reflect all the outstanding checks and automatic xxxx payments that you have authorized, or other outstanding transactions that have not been authorized or paid from your account. In the example above, the outstanding check will not be reflected in your available balance until it is presented to MSUFCU and posted to your account. In addition, your available balance may not reflect all of your debit card transactions. For example, if a merchant obtains MSUFCU’s prior authorization but does not submit a one-time or everyday debit card transaction for payment within three (3) business days of authorization (or for up to thirty (30) business days for certain types of debit card transactions), MSUFCU must release the authorization hold on the transaction. If the authorization hold is released, then your available balance will not reflect this pending transaction until it has been presented to MSUFCU for payment and posted to your account.

Your Checking Account Balance. Your checking account has two kinds of balances: the “balanceactual” balance and the “available available” balance.” . Both can be checked when you review your account online, on your mobile banking application, at an ATM, by phone, or at a branchservice center. It is important to understand how the two balances work so that you know how much money is in your account at any given time. This section explains actual and available balances and how they work. Your actual balance is the full amount of all deposits, even though some portion of a deposit may be on hold and may not be available to youyou (See Ent’s Deposit Availability Policy for more information), less payment transactions that have been presented and “posted” to your account, but not payment transactions that have been authorized and are pending. Thus, while the term balance “actual” may seem sound as though the number you see is the amount an up-to-date display of what is in your account that is available for you to can spend, that is not always the case. Any holds for purchase transactions, holds on deposits, or other checks, payments and fees that have not yet been posted will not appear in your actual balance. For example, if you have a $50 actual balance, but you just wrote a check for $40, then your actual balance is still shown as $50 but it does not reflect the pending check transaction. At So, at that point, you actually have $50, but you have already spent $40. Your available balance is the amount of money in your account that is available for to you to use. The available balance is the actual balance less things like holds placed on deposits and pending transactions (such as pending debit card purchases) that MSUFCU Ent has authorized but that have not yet posted to your account. For example, assume you have a an actual balance of $50 and an available balance of $50. If you were to use swipe your debit card at a restaurant to buy lunch for $20, then that merchant could would ask MSUFCU us to pre-authorize the payment. In that caseIf we authorize the payment, MSUFCU we will reduce your available balance by $20 because once we authorize the payment, we are obligated to pay itpay. Your actual balance would still be $50 because this transaction has not yet been presented to us posted and posted to your accountwe have not actually paid it, but your available balance would be $30 because you and we have committed to pay the restaurant $20. When the restaurant presents submits its xxxx bill for payment (which could be several a few days later), MSUFCU we will post the transaction to your account and your actual balance will be reduced by $20, and both your balance 20 and your available balance will be $30remain the same. Available Your available balance at the time transactions are presented to MSUFCU authorized and posted to your account (not when they are authorized) is both used to determine when and whether your account is overdrawn. The following example illustrates how this workworks: Assume your balance actual and available balance are each both $100, and you use swipe your debit card to pay a $60 xxxx at a restaurantrestaurant for $60. As a result, your available balance will be reduced by $60, 60 so your available balance is now only $40. However, your Your actual balance is still $100. Before the restaurant charge is presented sent to MSUFCU us for posting, a check that you wrote for $50 postsclears. Because you have only $40 available (you have committed to pay the restaurant $60), your account will be overdrawn by $10, even though your actual balance was $100 before the check posted and is still $50 after the check posts. In this case, MSUFCU we may pay the $50 check, but you will be charged an overdraft feefee of $30. That fee will be deducted from your account, further reducing the balance and available balance. Also, when When the $60 restaurant charge is presented to MSUFCU and posted to your account, you will not have enough money in your available balance is insufficient because of the intervening check, and you . You will not be charged a fee for that transaction as wellfee, even though however, because your available balance was sufficient to pay it when it at the time the transaction was authorized. It is very important to understand that you may still overdraw your account even though the available balance appears to show there are sufficient funds to cover a transaction that you want to make. This is because your available balance may not reflect all the your outstanding checks and automatic xxxx payments ACH transactions that you have authorized, or other outstanding transactions that have not been authorized or paid from your account. In the example above, the outstanding check will not be reflected in your available balance until it is presented to MSUFCU us and posted to your account. In addition, your available balance may not reflect all of your debit debit-card transactions. For example, if a merchant obtains MSUFCU’s our prior authorization but does not submit a one-time or everyday debit card transaction for payment within three (3) business days of authorization (or for up to thirty (30) business days for certain types of debit card transactions), MSUFCU we must release the authorization hold on the transaction. If the authorization hold is released, then your The available balance will not reflect this pending transaction until it once the hold has been presented to MSUFCU for payment released until the transaction has been received by us and posted to paid from your account.

Your Checking Account Balance. Your checking account has two kinds of balances: the “balance” and the “available balance.” Both can be checked when you review your account online, on your mobile banking application, at an ATM, by phone, or at a branch. It is important to understand how the two balances work so that you know how much money is in your account at any given time. Your balance is the full amount of all deposits, even though some portion of a deposit may be on hold and may not be available to you, less payment transactions that have been presented and “posted” to your account, but not payment transactions that have been authorized and are pending. Thus, while the term balance may seem as though the number you see is the amount in your account that is available for you to spend, that is not always the case. Any holds for purchase transactions, holds on deposits, or other checks, payments and fees that have not yet posted will not appear in your balance. For example, if you have a $50 balance, but you just wrote a check for $40, then your balance is still shown as $50 but it does not reflect the pending check transaction. At that point, you actually have $50, but you have already spent $40. Your available balance is the amount of money in your account that is available for you to use. The available balance is the balance less things like holds placed on deposits and pending transactions (such as pending debit card purchases) that MSUFCU has authorized but that have not yet posted to your account. For example, assume you have a balance of $50 and an available balance of $50. If you were to use your debit card at a restaurant to buy lunch for $20, then that merchant could ask MSUFCU to authorize the payment. In that case, MSUFCU will reduce your available balance by $20 because once we authorize the payment, we are obligated to pay it. Your balance would still be $50 because this transaction has not yet been presented to us and posted to your account, but your available balance would be $30 because you have committed to pay the restaurant $20. When the restaurant presents its xxxx bill for payment (which could be several days later), MSUFCU will post the transaction to your account and your actual balance will be reduced by $20, and both your balance and your available balance will be $30. Available balance at the time transactions are presented to MSUFCU and posted to your account (not when they are authorized) is used to determine when your account is overdrawn. The following example illustrates how this work: Assume your balance and available balance are each $100, and you use your debit card to pay a $60 xxxx bill at a restaurant. As a result, your available balance will be reduced by $60, so your available balance is now $40. However, ,your balance is still $100. Before the restaurant charge is presented to MSUFCU for posting, a check that you wrote for $50 posts. Because you have only $40 available (you have committed to pay the restaurant $60), your account will be overdrawn by $10, even though your balance was $100 before the check posted and is still $50 after the check posts. In this case, MSUFCU may pay the $50 check, but you will be charged an overdraft fee. That fee will be deducted from your account, further reducing the balance and available balance. Also, when the $60 restaurant charge is presented to MSUFCU and posted to your account, your available balance is insufficient because of the intervening check, and you will be charged a fee for that transaction as well, even though your available balance was sufficient to pay it when it was authorized. It is very important to understand that you may still overdraw your account even though the available balance appears to show there are sufficient funds to cover a transaction that you want to make. This is because your available balance may not reflect all the outstanding checks and automatic xxxx bill payments that you have authorized, or other outstanding transactions that have not been authorized or paid from your account. In the example above, the outstanding check will not be reflected in your available balance until it is presented to MSUFCU and posted to your account. In addition, your available balance may not reflect all of your debit card transactions. For example, if a merchant obtains MSUFCU’s prior authorization but does not submit a one-time or everyday debit card transaction for payment within three (3) business days of authorization (or for up to thirty (30) business days for certain types of debit card transactions), MSUFCU must release the authorization hold on the transaction. If the authorization hold is released, then your available balance will not reflect this pending transaction until it has been presented to MSUFCU for payment and posted to your account.

Your Checking Account Balance. Your checking account has two kinds of balances: the “balance” and the “available balance.” Both can be checked when you review your account online, on your mobile banking application, at an ATM, by phone, or at a branch. It is important to understand how the two balances work so that you know how much money is in your account at any given time. Your actual balance is the full amount of all deposits, even though some portion of a deposit may be on hold and may not be available to you, less payment transactions that have been presented and “posted” to your account, but not payment transactions that have been authorized and are pending. Thus, while the term balance may seem as though the number you see is the amount in your account that is available for you to spend, that is not always the case. Any holds for purchase transactions, holds on deposits, or other checks, payments and fees that have not yet posted will not appear in your balance. For example, if you have a $50 balance, but you just wrote a check for $40, then your balance is still shown as $50 but it does not reflect the pending check transaction. At that point, you actually have $50, but you have already spent $40. Your available balance is the amount of money in your account that is available for you to use. The available balance is the balance less things like holds placed on deposits and pending transactions (such as pending debit card purchases) that MSUFCU FPCU has authorized but that have not yet posted to your account. For example, assume you have a balance of $50 and an available balance of $50. If you were to use your debit card at a restaurant to buy lunch for $20, then that merchant could ask MSUFCU FPCU to authorize the payment. In that case, MSUFCU FPCU will reduce your available balance by $20 because once we authorize the payment, we are obligated to pay it. Your balance would still be $50 because this transaction has not yet been presented to us and posted to your account, but your available balance would be $30 because you have committed to pay the restaurant $20. When the restaurant presents its xxxx for payment (which could be several days later), MSUFCU FPCU will post the transaction to your account and your actual balance will be reduced by $20, and both your balance and your available balance will be $30. Available balance at the time transactions are presented to MSUFCU FPCU and posted to your account (not when they are authorized) is used to determine when your account is overdrawn. The following example illustrates how this workworks: Assume your balance and available balance are each $100, and you use your debit card to pay a $60 xxxx at a restaurant. As a result, your available balance will be reduced by $60, so your available balance is now $40. However, your balance is still $100. Before the restaurant charge is presented to MSUFCU FPCU for posting, a check that you wrote for $50 posts. Because you have only $40 available (you have committed to pay the restaurant $60), your account will be overdrawn by $10, even though your balance was $100 before the check posted and is still $50 after the check posts. In this case, MSUFCU FPCU may pay the $50 check, but you will be charged an overdraft fee. That fee will be deducted from your account, further reducing the balance and available balance. Also, when the $60 restaurant charge is presented to MSUFCU FPCU and posted to your account, your available balance is insufficient because of the intervening check, and you will be charged a fee for that transaction as well, even though your available balance was sufficient to pay it when it was authorized. It is very important to understand that you may still overdraw your account even though the available balance appears to show there are sufficient funds to cover a transaction that you want to make. This is because your available balance may not reflect all the outstanding checks and automatic xxxx payments that you have authorized, or other outstanding transactions that have not been authorized or paid from your account. In the example above, the outstanding check will not be reflected in your available balance until it is presented to MSUFCU FPCU and posted to your account. In addition, your available balance may not reflect all of your debit card transactions. For example, if a merchant obtains MSUFCUFPCU’s prior authorization but does not submit a one-time or everyday debit card transaction for payment within three (3) business days of authorization (or for up to thirty (30) business days for certain types of debit card transactions), MSUFCU FPCU must release the authorization hold on the transaction. If the authorization hold is released, then your available balance will not reflect this pending transaction until it has been presented to MSUFCU FPCU for payment and posted to your account.

Your Checking Account Balance. Your checking account has two kinds of balances: the “balanceactual” balance and the “available available” balance.” . Both can be checked when you review your account online, on your our mobile banking applicationapp, at an ATM, by phone, or at a branch. It is important to understand how the two balances work so that you know how much money is in your account at any given time. This section explains actual and available balances and how they work. Your actual balance is the full amount of all deposits, even though some portion of a deposit may be on hold and may not be available to youyou (see Your Ability to Withdraw Funds below), less payment transactions that have been presented and “posted” to and have been paid from your account, but not payment transactions that have been authorized and are pending. Thus, while the term balance “actual” may seem sound as though the number you see is the amount in your account that is available for an up-to-date display of what you to can spend, that is not always the case. Any holds for purchase transactions, holds on deposits, or other checks, payments and fees that have not yet posted will not appear in your actual balance. For example, if you have a $50 actual balance, but you just wrote a check for $40, then your actual balance is still shown as $50 but it does not reflect the pending check transaction. At So at that point, you actually have $50, but you have already spent $40. Your actual balance is the balance that appears on your periodic account statements. Your available balance is the amount of money in your account that is available for to you to use. The available balance is the actual balance less things like holds placed on deposits and pending transactions (such as pending debit card purchases) that MSUFCU the Credit Union has authorized but that have not yet posted to your account. For example, assume you have a an actual balance of $50 and an available balance of $50. If you were to use swipe your debit card at a restaurant to buy lunch for $20, then that merchant could ask MSUFCU us to pre-authorize the payment. In that case, MSUFCU we will reduce your available balance by $20 because once we authorize the payment, we are obligated to pay itpay. Your actual balance would still be $50 because this transaction has not yet been presented to us and posted to your accountposted, but your available balance would be $30 because you have committed to pay the restaurant $20. When the restaurant presents submits its xxxx bill for payment (which could be several a few days later), MSUFCU we will post the transaction to your account and your actual balance also will be reduced by $20, and both your balance and your . We use available balance will be $30. Available balance at the time transactions are presented to MSUFCU us to decide whether to authorize them for payment. We also use available balance at the time transactions are posted and posted authorized to your account (not when they are authorized) is used decide whether to determine when your account is overdrawncharge Overdraft Fees. The following example illustrates how this workworks: Assume your balance actual and available balance are each both $100, and you use swipe your debit card to pay a $60 xxxx at a restaurantrestaurant for $75. As a result, your available balance will be reduced by $60, 75 so your available balance is now only $4025. However, your Your actual balance is still $100. Before the restaurant charge is presented sent to MSUFCU us for posting, a check that you wrote for $50 postsclears. Because you have only $40 25 available (you have committed to pay the restaurant $6075), your account will be overdrawn by $1025, even though your actual balance was $100 before the check posted and is still $50 after the check posts100. In this case, MSUFCU we may reject the check, in which case you will be charged a Return Item fee. If you are eligible for Courtesy Pay, then we may pay the $50 check, but you will be charged an overdraft fee. That fee will be deducted from your account, further reducing the balance and available balance. Also, when the $60 restaurant charge is presented to MSUFCU and posted to your account, your available balance is insufficient Overdraft Fee because of the intervening check, and you will be charged a fee for that transaction as well, even though your available balance was not sufficient at the time of payment to pay it when it was authorizedcover the check. It is very important to understand that you may still overdraw your account even though the available balance appears to show there are sufficient funds to cover a transaction that you want to make. This is because your available balance may not reflect all the outstanding checks and automatic xxxx bill payments that you have authorized, or other outstanding transactions that have not been authorized or paid from your account. In the example above, the outstanding check will not be reflected in your available balance until it is presented to MSUFCU us and posted to your account. In addition, your available balance may not reflect all of your the debit card transactionstransactions we have authorized. For example, if a merchant obtains MSUFCU’s our prior authorization but does not submit a one-time or everyday debit card transaction for payment forpayment within three (3) business days of authorization (or for up to thirty (30) business days for certain types of debit card transactions), MSUFCU we must release the authorization hold on the transaction. If the authorization hold is released, then your The available balance will not reflect this pending transaction until it once the hold has been presented to MSUFCU for payment released until the transaction has been received by us and posted to paid from your account.

Your Checking Account Balance. Your checking account has two kinds of balances: the “balanceactual” balance and the “available available” balance.” . Both can be checked when you review your account online, on your our mobile banking applicationapp, at an ATM, by phone, or at a branch. It is important to understand how the two balances work so that you know how much money is in your account at any given time. This section explains actual and available balances and how they work. Your actual balance is the full amount of all deposits, even though some portion of a deposit may be on hold and may not be available to youyou (see Your Ability to Withdraw Funds below), less payment transactions that have been presented and “posted” to and have been paid from your account, but not payment transactions that have been authorized and are pending. Thus, while the term balance “actual” may seem sound as though the number you see is the amount in your account that is available for an up-to-date display of what you to can spend, that is not always the case. Any holds for purchase transactions, holds on deposits, or other checks, payments and fees that have not yet posted will not appear in your actual balance. For example, if you have a $50 actual balance, but you just wrote a check for $40, then your actual balance is still shown as $50 but it does not reflect the pending check transaction. At So at that point, you actually have $50, but you have already spent $40. Your actual balance is the balance that appears on your periodic account statements. Your available balance is the amount of money in your account that is available for to you to use. The available balance is the actual balance less things like holds placed on deposits and pending transactions (such as pending debit card purchases) that MSUFCU has the Credit Unionhas authorized but that have not yet posted to your account. For example, assume you have a an actual balance of $50 and an available balance of $50. If you were to use swipe your debit card at a restaurant to buy lunch for $20, then that merchant could ask MSUFCU us to pre-authorize the payment. In that case, MSUFCU we will reduce your available balance by $20 because once we authorize the payment, we are obligated to pay itpay. Your actual balance would still be $50 because this transaction has not yet been presented to us and posted to your accountposted, but your available balance would be $30 because you have committed to pay the restaurant $20. When the restaurant presents submits its xxxx bill for payment (which could be several a few days later), MSUFCU we will post the transaction to your account and your actual balance also will be reduced by $20, and both your balance and your . We use available balance will be $30. Available balance at the time transactions are presented to MSUFCU us to decide whether to authorize them for payment. We also use available balance at the time transactions are posted and posted authorized to your account (not when they are authorized) is used decide whether to determine when your account is overdrawncharge Overdraft Fees. The following example illustrates how this workworks: Assume your balance actual and available balance are each both $100, and you use swipe your debit card to pay a $60 xxxx at a restaurantrestaurant for $75. As a result, your available balance will be reduced by $60, 75 so your available balance is now only $4025. However, your Your actual balance is still $100. Before the restaurant charge is presented sent to MSUFCU us for posting, a check that you wrote for $50 postsclears. Because you have only $40 25 available (you have committed to pay the restaurant $6075), your account will be overdrawn by $1025, even though your actual balance was $100 before the check posted and is still $50 after the check posts100. In this case, MSUFCU we may reject the check, in which case you will be charged a Return Item fee. If you are eligible for Courtesy Pay, then we may pay the $50 check, but you will be charged an overdraft fee. That fee will be deducted from your account, further reducing the balance and available balance. Also, when the $60 restaurant charge is presented to MSUFCU and posted to your account, your available balance is insufficient Overdraft Fee because of the intervening check, and you will be charged a fee for that transaction as well, even though your available balance was not sufficient at the time of payment to pay it when it was authorizedcover the check. It is very important to understand that you may still overdraw your account even though the available balance appears to show there are sufficient funds to cover a transaction that you want to make. This is because your available balance may not reflect all the outstanding checks and automatic xxxx bill payments that you have authorized, or other outstanding transactions that have not been authorized or paid from your account. In the example above, the outstanding check will not be reflected in your available balance until it is presented to MSUFCU us and posted to your account. In addition, your available balance may not reflect all of your the debit card transactionstransactions we have authorized. For example, if a merchant obtains MSUFCU’s our prior authorization but does not submit a one-time or everyday debit card transaction for payment forpayment within three (3) business days of authorization (or for up to thirty (30) business days for certain types of debit card transactions), MSUFCU we must release the authorization hold on the transaction. If the authorization hold is released, then your The available balance will not reflect this pending transaction until it once the hold has been presented to MSUFCU for payment released until the transaction has been received by us and posted to paid from your account.

Your Checking Account Balance. Your checking account has two kinds of balances: the “balanceactual” balance and the “available available” balance.” . Both can be checked when you review your account online, on your our mobile banking applicationapp, at an ATM, by phone, or at a branch. It is important to understand how the two balances work so that you know how much money is in your account at any given time. This section explains actual and available balances and how they work. Your actual balance is the full amount of all deposits, even though some portion of a deposit may be on hold and may not be available to youyou (see Your Ability to Withdraw Funds below), less payment transactions that have been presented and “posted” to and have been paid from your account, but not payment transactions that have been authorized and are pending. Thus, while the term balance “actual” may seem sound as though the number you see is the amount in your account that is available for an up-to-date display of what you to can spend, that is not always the case. Any holds for purchase transactions, holds on deposits, or other checks, payments and fees that have not yet posted will not appear in your actual balance. For example, if you have a $50 actual balance, but you just wrote a check for $40, then your actual balance is still shown as $50 but it does not reflect the pending check transaction. At So at that point, you actually have $50, but you have already spent $40. Your actual balance is the balance that appears on your periodic account statements. Your available balance is the amount of money in your account that is available for to you to use. The available balance is the actual balance less things like holds placed on deposits and pending transactions (such as pending debit card purchases) that MSUFCU the Credit Union has authorized but that have not yet posted to your account. For example, assume you have a an actual balance of $50 and an available balance of $50. If you were to use swipe your debit card at a restaurant to buy lunch for $20, then that merchant could ask MSUFCU us to pre-authorize the payment. In that case, MSUFCU we will reduce your available balance by $20 because once we authorize the payment, we are obligated to pay itpay. Your actual balance would still be $50 because this transaction has not yet been presented to us and posted to your accountposted, but your available balance would be $30 because you have committed to pay the restaurant $20. When the restaurant presents submits its xxxx bill for payment (which could be several a few days later), MSUFCU we will post the transaction to your account and your actual balance also will be reduced by $20, and both your balance and your . We use available balance will be $30. Available balance at the time transactions are presented to MSUFCU us to decide whether to authorize them for payment. We also use available balance at the time transactions are posted and posted to your account actually paid (not when they are authorized) is used to determine when your account is overdrawndecide whether to charge Overdraft Fees. The following example illustrates how this workworks: Assume your balance actual and available balance are each both $100, and you use swipe your debit card to pay a $60 xxxx at a restaurantrestaurant for $60. As a result, your available balance will be reduced by $60, 60 so your available balance is now only $40. However, your Your actual balance is still $100. Before the restaurant charge is presented sent to MSUFCU us for posting, a check that you wrote for $50 postsclears. Because you have only $40 available (you have committed to pay the restaurant $60), your account will be overdrawn by $10, even though your actual balance was $100 before the check posted and is still $50 after the check posts100. In this case, MSUFCU we may reject the check, in which case you will be charged a Return Item fee. If you are eligible for Courtesy Pay, then we may pay the $50 check, but you will be charged an overdraft fee. That fee will be deducted from Overdraft Fee because your account, further reducing available balance was not sufficient at the balance and available balancetime of payment to cover the check. Also, when the $60 restaurant charge is presented later submitted to MSUFCU the Credit Union and posted to your account, you will not have enough money in your available balance is insufficient because of the intervening check, and you will be charged a fee for that transaction as well, even though your available balance was sufficient to pay it positive when it was authorized. It is very important to understand that you may still overdraw your account even though the available balance appears to show there are sufficient funds to cover a transaction that you want to make. This is because your available balance may not reflect all the outstanding checks and automatic xxxx bill payments that you have authorized, or other outstanding transactions that have not been authorized or paid from your account. In the example above, the outstanding check will not be reflected in your available balance until it is presented to MSUFCU us and posted to your account. In addition, your available balance may not reflect all of your debit thedebit card transactionstransactions we have authorized. For example, if a merchant obtains MSUFCU’s our prior authorization but does not submit a one-time or everyday debit card transaction for payment within three (3) business days of authorization (or for up to thirty (30) business days for certain types of debit card transactions), MSUFCU we must release the authorization hold on the transaction. If the authorization hold is released, then your The available balance will not reflect this pending transaction until it once the hold has been presented to MSUFCU for payment released until the transaction has been received by us and posted to paid from your account.

Your Checking Account Balance. Your checking account has two kinds of balances: the “balance” and the “available balance.” Both can be checked when you review your account online, on your mobile banking application, at an ATM, by phone, or at a branch. It is important to understand how the two balances work so that you know how much money is in your account at any given time. Your actual balance is the full amount of all deposits, even though some portion of a deposit may be on hold and may not be available to you, less payment transactions that have been presented and “posted” to your account, but not payment transactions that have been authorized and are pending. Thus, while the term balance may seem as though the number you see is the amount in your account that is available for you to spend, that is not always the case. Any holds for purchase transactions, holds on deposits, or other checks, payments and fees that have not yet posted will not appear in your balance. For example, if you have a $50 balance, but you just wrote a check for $40, then your balance is still shown as $50 but it does not reflect the pending check transaction. At that point, you actually have $50, but you have already spent $40. Your available balance is the amount of money in your account that is available for you to use. The available balance is the balance less things like holds placed on deposits and pending transactions (such as pending debit card purchases) that MSUFCU FPCU has authorized but that have not yet posted to your account. For example, assume you have a balance of $50 and an available balance of $50. If you were to use your debit card at a restaurant to buy lunch for $20, then that merchant could ask MSUFCU FPCU to authorize the payment. In that case, MSUFCU FPCU will reduce your available balance by $20 because once we authorize the payment, we are obligated to pay it. Your balance would still be $50 because this transaction has not yet been presented to us and posted to your account, but your available balance would be $30 because you have committed to pay the restaurant $20. When the restaurant presents its xxxx for payment (which could be several days later), MSUFCU FPCU will post the transaction to your account and your actual balance will be reduced by $20, and both your balance and your available balance will be $30. Available balance at the time transactions are presented to MSUFCU FPCU and posted to your account (not when they are authorized) is used to determine when your account is overdrawn. The following example illustrates how this work: Assume your balance and available balance are each $100, and you use your debit card to pay a $60 xxxx at a restaurant. As a result, your available balance will be reduced by $60, so your available balance is now $40. However, your balance is still $100. Before the restaurant charge is presented to MSUFCU FPCU for posting, a check that you wrote for $50 posts. Because you have only $40 available (you have committed to pay the restaurant $60), your account will be overdrawn by $10, even though your balance was $100 before the check posted and is still $50 after the check posts. In this case, MSUFCU FPCU may pay the $50 check, but you will be charged an overdraft fee. That fee will be deducted from your account, further reducing the balance and available balance. Also, when the $60 restaurant charge is presented to MSUFCU FPCU and posted to your account, your available balance is insufficient because of the intervening check, and you will be charged a fee for that transaction as well, even though your available balance was sufficient to pay it when it was authorized. It is very important to understand that you may still overdraw your account even though the available balance appears to show there are sufficient funds to cover a transaction that you want to make. This is because your available balance may not reflect all the outstanding checks and automatic xxxx payments that you have authorized, or other outstanding transactions that have not been authorized or paid from your account. In the example above, the outstanding check will not be reflected in your available balance until it is presented to MSUFCU FPCU and posted to your account. In addition, your available balance may not reflect all of your debit card transactions. For example, if a merchant obtains MSUFCUFPCU’s prior authorization but does not submit a one-time or everyday debit card transaction for payment within three (3) business days of authorization (or for up to thirty (30) business days for certain types of debit card transactions), MSUFCU FPCU must release the authorization hold on the transaction. If the authorization hold is released, then your available balance will not reflect this pending transaction until it has been presented to MSUFCU FPCU for payment and posted to your account.

Your Checking Account Balance. Your checking account has two kinds of balances: the “balanceactual” balance and the “available available” balance.” . Both can be checked when you review your account online, on your our mobile banking applicationapp, at an ATM, by phone, or at a branch. It is important to understand how the two balances work so that you know how much money is in your account at any given time. This section explains actual and available balances and how they work. Your actual balance is the full amount of all deposits, even though some portion of a deposit may be on hold and may not be available to youyou (see Your Ability to Withdraw Funds below), less payment transactions that have been presented and “posted” to and have been paid from your account, but not payment transactions that have been authorized and are pending. Thus, while the term balance “actual” may seem sound as though the number you see is the amount in your account that is available for an up-to-date display of what you to can spend, that is not always the case. Any holds for purchase transactions, holds on deposits, or other checks, payments and fees that have not yet posted will not appear in your actual balance. For example, if you have a $50 actual balance, but you just wrote a check for $40, then your actual balance is still shown as $50 but it does not reflect the pending check transaction. At So at that point, you actually have $50, but you have already spent $40. Your actual balance is the balance that appears on your periodic account statements. Your available balance is the amount of money in your account that is available for to you to use. The available balance is the actual balance less things like holds placed on deposits and pending transactions (such as pending debit card purchases) that MSUFCU the Credit Union has authorized but that have not yet posted to your account. For example, assume you have a an actual balance of $50 and an available balance of $50. If you were to use swipe your debit card at a restaurant to buy lunch for $20, then that merchant could ask MSUFCU us to pre-authorize the payment. In that case, MSUFCU we will reduce your available balance by $20 because once we authorize the payment, we are obligated to pay itpay. Your actual balance would still be $50 because this transaction has not yet been presented to us and posted to your accountposted, but your available balance would be $30 because you have committed to pay the restaurant $20. When the restaurant presents submits its xxxx bill for payment (which could be several a few days later), MSUFCU we will post the transaction to your account and your actual balance also will be reduced by $20, and both your balance and your . We use available balance will be $30. Available balance at the time transactions are presented to MSUFCU us to decide whether to authorize them for payment. We also use available balance at the time transactions are posted and posted authorized to your account (not when they are authorized) is used decide whether to determine when your account is overdrawncharge Overdraft Fees. The following example illustrates how this workworks: Assume your balance actual and available balance are each both $100, and you use swipe your debit card to pay a $60 xxxx at a restaurantrestaurant for $75. As a result, your available balance will be reduced by $60, 75 so your available balance is now only $4025. However, your Your actual balance is still $100. Before the restaurant charge is presented sent to MSUFCU us for posting, a check that you wrote for $50 postsclears. Because you have only $40 25 available (you have committed to pay the restaurant $6075), your account will be overdrawn by $1025, even though your actual balance was $100 before the check posted and is still $50 after the check posts100. In this case, MSUFCU we may reject the check, in which case you will be charged a Return Item fee. If you are eligible for Courtesy Pay, then we may pay the $50 check, but you will be charged an overdraft fee. That fee will be deducted from your account, further reducing the balance and available balance. Also, when the $60 restaurant charge is presented to MSUFCU and posted to your account, your available balance is insufficient Overdraft Fee because of the intervening check, and you will be charged a fee for that transaction as well, even though your available balance was not sufficient at the time of payment to pay it when it was authorizedcover the check. It is very important to understand that you may still overdraw your account even though the available balance appears to show there are sufficient funds to cover a transaction that you want to make. This is because your available balance may not reflect all the outstanding checks and automatic xxxx bill payments that you have authorized, or other outstanding transactions that have not been authorized or paid from your account. In the example above, the outstanding check will not be reflected in your available balance until it is presented to MSUFCU us and posted to your account. In addition, your available balance may not reflect all of your the debit card transactionstransactions we have authorized. For example, if a merchant obtains MSUFCU’s our prior authorization but does not submit a one-time or everyday debit card transaction for payment within three (3) business days of authorization (or for up to thirty (30) business days for certain types of debit card transactions), MSUFCU we must release the authorization hold on the transaction. If the authorization hold is released, then your The available balance will not reflect this pending transaction until it once the hold has been presented to MSUFCU for payment released until the transaction has been received by us and posted to paid from your account.

Your Checking Account Balance. Your checking account has two kinds of balances: the “balance” and the “available balance.” Both can be checked when you review your account online, on your mobile banking application, at an ATM, by phone, or at a branch. It is important to understand how the two balances work so that you know how much money is in your account at any given time. Your balance is the full amount of all deposits, even though some portion of a deposit may be on hold and may not be available to you, less payment transactions that have been presented and “posted” to your account, but not payment transactions that have been authorized and are pending. Thus, while the term balance may seem as though the number you see is the amount in your account that is available for you to spend, that is not always the case. Any holds for purchase transactions, holds on deposits, or other checks, payments and fees that have not yet posted will not appear in your balance. For example, if you have a $50 balance, but you just wrote a check for $40, then your balance is still shown as $50 but it does not reflect the pending check transaction. At that point, you actually have $50, but you have already spent $40. Your available balance is the amount of money in your account that is available for you to use. The available balance is the balance less things like holds placed on deposits and pending transactions (such as pending debit card purchases) that MSUFCU has authorized but that have not yet posted to your account. For example, assume you have a balance of $50 and an available balance of $50. If you were to use your debit card at a restaurant to buy lunch for $20, then that merchant could ask MSUFCU to authorize the payment. In that case, MSUFCU will reduce your available balance by $20 because once we authorize the payment, we are obligated to pay it. Your balance would still be $50 because this transaction has not yet been presented to us and posted to your account, but your available balance would be $30 because you have committed to pay the restaurant $20. When the restaurant presents its xxxx bill for payment (which could be several days later), MSUFCU will post the transaction to your account and your actual balance will be reduced by $20, and both your balance and your available balance will be $30. Available balance at the time transactions are presented to MSUFCU and posted to your account (not when they are authorized) is used to determine when your account is overdrawn. The following example illustrates how this work: Assume your balance and available balance are each $100, and you use your debit card to pay a $60 xxxx bill at a restaurant. As a result, your available balance will be reduced by $60, so your available balance is now $40. However, your balance is still $100. Before the restaurant charge is presented to MSUFCU for posting, a check that you wrote for $50 posts. Because you have only $40 available (you have committed to pay the restaurant $60), your account will be overdrawn by $10, even though your balance was $100 before the check posted and is still $50 after the check posts. In this case, MSUFCU may pay the $50 check, but you will be charged an overdraft fee. That fee will be deducted from your account, further reducing the balance and available balance. Also, when the $60 restaurant charge is presented to MSUFCU and posted to your account, your available balance is insufficient because of the intervening check, and you will be charged a fee for that transaction as well, even though your available balance was sufficient to pay it when it was authorized. It is very important to understand that you may still overdraw your account even though the available balance appears to show there are sufficient funds to cover a transaction that you want to make. This is because your available balance may not reflect all the outstanding checks and automatic xxxx bill payments that you have authorized, or other outstanding transactions that have not been authorized or paid from your account. In the example above, the outstanding check will not be reflected in your available balance until it is presented to MSUFCU and posted to your account. In addition, your available balance may not reflect all of your debit card transactions. For example, if a merchant obtains MSUFCU’s prior authorization but does not submit a one-time or everyday debit card transaction for payment within three (3) business days of authorization (or for up to thirty (30) business days for certain types of debit card transactions), MSUFCU must release the authorization hold on the transaction. If the authorization hold is released, then your available balance will not reflect this pending transaction until it has been presented to MSUFCU for payment and posted to your account.

Your Checking Account Balance. Your The checking account that you have with us has two (2) kinds of balances: the “balanceactual” bal- ance and the “available available” balance.” Both can be checked when . When you review your the account that you have with us online, on your mobile banking application, at an ATM, by phone, or at a branch, both balances are presented. It is important to understand how the two balances work so that you know how much money is in your the account that you have with us at any given time. Your actual balance is the full amount of all deposits, even though some portion of a deposit may be on hold and may not be available avail- able to you, less payment transactions that have been presented and “posted” to your account, but not payment transactions that have been authorized and are pending. Thus, while the term balance “actual” may seem sound as though the number you see is the amount an up-to-date display of what is in your account that is available for you to can spend, that is not always the case. Any holds hold for purchase transactions, holds on deposits, or other checks, payments and fees that have not yet posted will not appear in your actual balance. For example, if you have a $50 balance50.00 actual bal- ance, but you just wrote a check for $4040.00, then your actual balance is still shown as $50 50.00 but it does not reflect the pending check transaction. At So, at that point, you actually have $5050.00 in your account, but you have already spent $4040.00 via check, which is pending. Your available balance is the amount of money in your account that is available for you to use. The available balance is the actual balance less things like excluding holds placed on deposits and pending transactions (such as pending debit card purchases) that MSUFCU Trailhead has authorized au- thorized but that have not yet posted to your account. For example, assume you have a an actual balance of $50 50.00 and an available balance of $5050.00. If you were to use swipe your debit card at a restaurant to buy lunch for $2020.00, then that merchant could ask MSUFCU us to pre-authorize the payment. In that case, MSUFCU we will reduce your available balance by $20 20.00 because once we authorize the payment, we are obligated to pay itpay. Your actual balance would still be $50 50.00 because this transaction has not yet been presented to us and posted to your accountposted, but your available balance would be $30 because you have committed to pay the restaurant $2020.00. When the restaurant presents submits its xxxx bill for payment (which could be several a few days later), MSUFCU we will post the transaction to your account and your actual balance will be reduced by $20, and both your balance and your 20.00. Your available balance will be $30. Available balance at the time transactions are presented to MSUFCU and posted to your account (not when they are authorized) a transaction is authorized is used to determine when your account is overdrawn. The following example illustrates how this work: Assume your balance and available balance are each $100, and you use your debit card to pay a $60 xxxx at a restaurant. As a result, your available balance will be reduced by $60, so your available balance is now $40. However, your balance is still $100. Before the restaurant charge is presented to MSUFCU for posting, a check that you wrote for $50 posts. Because you have only $40 available (you have committed to pay the restaurant $60), your account will be overdrawn by $10, even though your balance was $100 before the check posted and is still $50 after the check posts. In this case, MSUFCU may pay the $50 check, but you will be charged an overdraft fee. That fee will be deducted from your account, further reducing the balance and available balance. Also, when the $60 restaurant charge is presented to MSUFCU and posted to your account, your available balance is insufficient because of the intervening check, and you will be charged a fee for that transaction as well, even though your available balance was sufficient to pay it when it was authorized. It is very important to understand that you may still overdraw your account even though the available balance appears to show there are sufficient funds to cover a transaction that you want to make. This is because your available balance may not reflect all the outstanding checks and automatic xxxx payments that you have authorized, or other outstanding transactions that have not been authorized or paid from your account. In the example above, the outstanding check will not be reflected in your available balance until it is presented to MSUFCU and posted to your account. In addition, your available balance may not reflect all of your debit card transactions. For example, if a merchant obtains MSUFCU’s prior authorization but does not submit a one-time or everyday debit card transaction for payment within three (3) business days of authorization (or for up to thirty (30) business days for certain types of debit card transactions), MSUFCU must release the authorization hold on the transaction. If the authorization hold is released, then your available balance will not reflect this pending transaction until it has been presented to MSUFCU for payment and posted to your account.

Your Checking Account Balance. Your checking account has two kinds of balances: the “balance” and the “available balance.” Both can be checked when you review your account online, on your mobile banking application, at an ATM, by phone, or at a branch. It is important to understand how the two balances work so that you know how much money is in your account at any given time. Your actual balance is the full amount of all deposits, even though some portion of a deposit may be on hold and may not be available to you, less payment transactions that have been presented and “posted” to your account, but not payment transactions that have been authorized and are pending. Thus, while the term balance may seem as though the number you see is the amount in your account that is available for you to spend, that is not always the case. Any holds for purchase transactions, holds on deposits, or other checks, payments and fees that have not yet posted will not appear in your balance. For example, if you have a $50 balance, but you just wrote a check for $40, then your balance is still shown as $50 but it does not reflect the pending check transaction. At that point, you actually have $50, but you have already spent $40. Your available balance is the amount of money in your account that is available for you to use. The available balance is the balance less things like holds placed on deposits and pending transactions (such as pending debit card purchases) that MSUFCU FPCU has authorized but that have not yet posted to your account. For example, assume you have a balance of $50 and an available balance of $50. If you were to use your debit card at a restaurant to buy lunch for $20, then that merchant could ask MSUFCU FPCU to authorize the payment. In that case, MSUFCU FPCU will reduce your available balance by $20 because once we authorize the payment, we are obligated to pay it. Your balance would still be $50 because this transaction has not yet been presented to us and posted to your account, but your available balance would be $30 because you have committed to pay the restaurant $20. When the restaurant presents its xxxx bill for payment (which could be several days later), MSUFCU FPCU will post the transaction to your account and your actual balance will be reduced by $20, and both your balance and your available balance will be $30. Available balance at the time transactions are presented to MSUFCU FPCU and posted to your account (not when they are authorized) is used to determine when your account is overdrawn. The following example illustrates how this work: Assume your balance and available balance are each $100, and you use your debit card to pay a $60 xxxx bill at a restaurant. As a result, your available balance will be reduced by $60, so your available balance is now $40. However, your balance is still $100. Before the restaurant charge is presented to MSUFCU FPCU for posting, a check that you wrote for $50 posts. Because you have only $40 available (you have committed to pay the restaurant $60), your account will be overdrawn by $10, even though your balance was $100 before the check posted and is still $50 after the check posts. In this case, MSUFCU FPCU may pay the $50 check, but you will be charged an overdraft fee. That fee will be deducted from your account, further reducing the balance and available balance. Also, when the $60 restaurant charge is presented to MSUFCU FPCU and posted to your account, your available balance is insufficient because of the intervening check, and you will be charged a fee for that transaction as well, even though your available balance was sufficient to pay it when it was authorized. It is very important to understand that you may still overdraw your account even though the available balance appears to show there are sufficient funds to cover a transaction that you want to make. This is because your available balance may not reflect all the outstanding checks and automatic xxxx bill payments that you have authorized, or other outstanding transactions that have not been authorized or paid from your account. In the example above, the outstanding check will not be reflected in your available balance until it is presented to MSUFCU FPCU and posted to your account. In addition, your available balance may not reflect all of your debit card transactions. For example, if a merchant obtains MSUFCUFPCU’s prior authorization but does not submit a one-time or everyday debit card transaction for payment within three (3) business days of authorization (or for up to thirty (30) business days for certain types of debit card transactions), MSUFCU FPCU must release the authorization hold on the transaction. If the authorization hold is released, then your available balance will not reflect this pending transaction until it has been presented to MSUFCU FPCU for payment and posted to your account.