Deposit Agreement and Disclosures - Community Bank

Deposit Agreement

and Disclosures

Effective June 1, 2017 for deposit accounts

TABLE OF CONTENTS

WELCOME TO COMMUNITY BANK ............ 1

HOW TO GET STARTED ........................................ 1 HOW TO ACCESS YOUR ACCOUNT....................... 2

THE AGREEMENT FOR YOUR ACCOUNT...2

BINDING CONTRACT ............................................ 2 CHANGES TO THIS AGREEMENT........................... 3 CLOSING AN ACCOUNT ........................................ 3 GOVERNING LAW ................................................ 5

EXPLANATION OF SOME TERMS ................ 5

DEFINITIONS ........................................................ 5 HEADINGS AND INTERPRETATION ........................ 6

INFORMATION ABOUT YOU AND YOUR ACCOUNT ......................................................... 6

INFORMATION YOU GIVE US ............................... 6 IDENTIFICATION................................................... 6 COMMUNITY BANK'S PRIVACY POLICY............... 7 CREDIT REPORTS AND OTHER INQUIRIES............. 8 DISCLOSING INFORMATION ABOUT YOU AND YOUR ACCOUNT .................................................. 8 TELEPHONE CALLS: CALLING, MONITORING AND RECORDING ......................................................... 9 RELEASE OF INFORMATION.................................. 9

ACCOUNT OWNERSHIP ............................... 10

SOME GENERAL TERMS ..................................... 10 SOME BASIC TERMS FOR JOINT ACCOUNTS ....... 10 SOME BASIC TERMS FOR "PAYABLE ON DEATH" ACCOUNTS......................................................... 11 SOME BASIC TERMS FOR ORGANIZATIONAL ACCOUNTS......................................................... 12 TRANSFERRING OWNERSHIP .............................. 12

CHECKING AND SAVINGS ACCOUNTS ..... 13

TYPES OF ACCOUNTS ......................................... 13 ELIGIBILITY FOR INTEREST BEARING CHECKING ACCOUNTS......................................................... 13 NON INTEREST CHECKING ACCOUNTS............... 13

HOW WE CALCULATE INTEREST ON INTERESTBEARING CHECKING AND SAVINGS ACCOUNTS . 13 LIMITS ON WITHDRAWALS AND TRANSFERS FROM SAVINGS ACCOUNTS.......................................... 14

TIME DEPOSIT OR CD ACCOUNT .............. 15

TERMS OF CDS .................................................. 15 HOW WE CALCULATE INTEREST ON CDS........... 15 DISBURSING INTEREST....................................... 15 CDS THAT AUTOMATICALLY RENEW ................ 16 CDS THAT DO NOT AUTOMATICALLY RENEW .. 16 GRACE PERIOD .................................................. 16 DEPOSITS TO A CD............................................. 16 EARLY WITHDRAWALS...................................... 16 CLOSING OR REDEEMING A CD ......................... 17

INFORMATION ABOUT FEES AND CHARGING YOUR ACCOUNT...................... 17

FEES .................................................................. 17 CHARGING AN ACCOUNT ................................... 18

INSUFFICIENT FUNDS ? OVERDRAFTS AND RETURNED ITEMS ........................................ 19

OVERDRAFTS AND DECLINED OR RETURNED ITEMS................................................................. 19 POSTING ORDERS............................................... 20 OCCURRENCES................................................... 20 OVERDRAFT PROTECTION PLANS ...................... 20

PROCESSING AND POSTING ORDERS ....... 21

POSTING ORDERS............................................... 22 CHANGING POSTING ORDERS ............................ 23 POSTING ORDER DETERMINED AT END OF DAY 23 OVERDRAFT FEES .............................................. 23

PROCESSING DEPOSITS AND CASHED ITEMS .............................................................. 24

CASHING ITEMS OR ACCEPTING ITEMS FOR DEPOSIT............................................................. 24 CHECKS LOST IN THE COLLECTION PROCESS..... 25 COLLECTION ITEMS ........................................... 26

DEMAND DRAFTS AND REMOTELY CREATED CHECKS ............................................................. 26 DEPOSIT PREPARATION AND ACCEPTANCE........ 26 DEPOSIT ERROR CORRECTION ........................... 27 ENCODING DEPOSITS ......................................... 27 ENDORSING CHECKS.......................................... 28 IDENTIFYING THE ACCOUNT FOR YOUR DEPOSIT .......................................................................... 28 OVERPAYMENTS AND REVERSALS ..................... 29 RETURNED ITEMS .............................................. 29 SUBSTITUTE CHECKS ......................................... 30 THIRD-PARTY ENDORSEMENTS ......................... 30

WHEN FUNDS ARE AVAILABLE FOR WITHDRAWAL AND DEPOSIT HOLDS ...... 30

YOUR ABILITY TO WITHDRAW FUNDS............... 31 LONGER DELAYS MAY APPLY........................... 31 GOVERNMENT CHECKS, CASHIER'S CHECKS AND OTHER SPECIAL TYPES OF CHECKS ................... 32 CASH WITHDRAWAL LIMITATION...................... 33 HOLDS ON OTHER FUNDS .................................. 33

PROCESSING WITHDRAWALS ................... 33

CASHING CHECKS FOR YOU............................... 33 CASHING OR ACCEPTING YOUR CHECKS FOR OTHERS ............................................................. 33 CHECKS WITH LEGENDS OR RESTRICTIONS........ 34 COLLECTION ITEMS ........................................... 34 CHECK AND DEPOSIT SLIP FORMS ..................... 34 CHECK STOCK AND INK ..................................... 35 CONVERTING CHECKS TO ELECTRONIC DEBITS . 35 EXAMINING CHECKS.......................................... 35 ITEMS RESULTING FROM VOLUNTARY DISCLOSURE ...................................................... 36 LARGE CASH WITHDRAWALS ............................ 36 PAYING CHECKS AND OTHER ITEMS .................. 37 STALE-DATED AND POSTDATED CHECKS .......... 37 SUBSTITUTE CHECKS, INDEMNIFIED COPIES, IMAGES AND IMAGE REPLACEMENT COPIES ...... 37 UNPAID ITEMS ................................................... 37

SUBSTITUTE CHECKS AND YOUR RIGHTS .......................................................................... 37

WHAT IS A SUBSTITUTE CHECK? ........................ 38 WHAT ARE MY RIGHTS REGARDING SUBSTITUTE CHECKS? ............................................................ 38 HOW DO I MAKE A CLAIM FOR A REFUND? ......... 39 CHECK COPIES ................................................... 39

SEPA PAYMENTS (ONLY OFFERED IN COMMUNITY BANK BANKING CENTERS LOCATED IN EUROPE) ................................. 40

SEPA DIRECT DEBITS ....................................... 40 STOPPING SEPA DIRECT DEBITS ....................... 40 REMOVING STOP PAYMENTS FOR A SEPA DIRECT DEBIT ................................................................ 41 SEPA DIRECT DEBITS REFUNDS AND RETURNS 41 INSUFFICIENT FUNDS ......................................... 41 SEPA BILL PAYMENTS ...................................... 42 CANCELLING PAYMENTS ................................... 42 PAYMENTS THAT CAUSE OVERDRAFTS .............. 43 RECALLS............................................................ 43 RETURNING FUNDS TO YOU (RETURNED PAYMENTS) ....................................................... 43 DISPUTES ........................................................... 44 TRACER AND RESEARCH REQUEST .................... 44

NOTICES, STATEMENTS AND OTHER COMMUNICATIONS...................................... 44

GENERAL TERMS FOR NOTICES, STATEMENTS AND OTHER COMMUNICATIONS ................................ 44 ELECTRONIC DELIVERY OF COMMUNICATIONS .. 45 NOTICES ............................................................ 45 STATEMENTS ..................................................... 45 CHECK COPIES ................................................... 46 YOUR ADDRESS AND CHANGE OF ADDRESS ...... 46

ACTIONS YOU CAN TAKE TO HELP PROTECT YOUR ACCOUNT ........................ 46

OTHER ACTIONS YOU CAN TAKE ...................... 48

REPORTING PROBLEMS.............................. 49

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