Primary Online Business Savings

9/5/2008 10:53:04 AM

 e-Commerce Code:  156776075

Interest:

Compounding and Crediting:

• The interest rate on your account will be 2.52% effective May 1, 2008.
• The annual percentage yield (APY) on your account will be 2.55% effective May 1, 2008.
• Interest is compounded daily and credited monthly.
• Interest is calculated on the daily balance method which applies a daily periodic rate to the collected balance in the account each day.
• Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (e.g., checks).
  

Minimum Balance Requirements:

• You must deposit a minimum of $1.00 to open this account.
  

Fees:

• No monthly maintenance fee.
• ATM usage is free. This does not include surcharges imposed from other financial institutions or 3rd party vendors.
• You will receive 200 FREE items per month.  This includes checks deposited, deposit tickets, and ACH debits.  There is an item charge of $0.50 for each item over 200.

Additional fees are contained in our current Schedule of Fees disclosure.

Other Account Features:

• This offer is for non-personal accounts only.

Account Contract, Terms and Conditions

Our relationship with deposit account customers is, in many instances, regulated by state and federal law. Items received for deposit or collection are accepted on the following terms and conditions. This bank acts only as the depositor's collecting agent and assumes no responsibility beyond its exercise of due care. All items are credited subject to final payment and receipt of final payment proceeds in cash or solvent credits at an office of this bank. This bank may forward items to correspondents and shall not be liable for default or negligence of correspondents, nor for losses in transit. Each correspondent is only liable for its own negligence. Items and their proceeds may be handled by any Federal Reserve bank in accordance with applicable Federal Reserve rules and by this bank or any correspondent in accordance with any common bank usage. Practice or procedure that a Federal Reserve bank may use, or permit another bank to use, or any other lawful means may be used to collect items and their proceeds. Items may be charged to a customer's account in any order convenient to the bank. We have elected to pay checks in numerical order by check number. This bank may charge back, at any time prior to midnight on its first business day following the day of receipt, any item drawn on this bank which is ascertained to be drawn against insufficient funds or otherwise not good or payable. An item received after this bank's regular afternoon settlement shall be deemed received the next business day.

This bank reserves the right to post all deposits, including deposits of cash and of items drawn on the bank, not later than midnight of the bank's next business day after their receipt during regular banking hours and shall not be liable for nonpayment damages of any presented item resulting from the exercise of this right.

Signatures

This bank is authorized to recognize the signature(s) on this card in payment of funds or other business transactions of the depositor(s) for this account. We may, at our discretion, return an item that does not have a proper signature unless the owner of the account has advised the bank in advance that an item is authorized. The depositor(s) agrees to indemnify the bank against any claim arising out of the payment made from this account in accordance with the terms thereof.

Statements

The bank is authorized to mail statements to the depositor's last known address. You agree to review each account statement that we provide you and to notify us of any problem in your statement within 30 days of receiving your statement. If you do not do so, we may not be liable for losses which could have been prevented had you done so. To the extent permitted by law, you agree that each statement will be deemed correct if you do notify us of any error within 60 days after you receive it.

You will receive a monthly checking account statement(s) showing the status of your account(s) and transactions made during the past month. All statement savings accountholders will receive a quarterly statement, unless there are electronic transfers in a particular month, in which case the statement will be received monthly.

If you have elected not to receive copies of cancelled checks with your statement (check safekeeping), the cancelled checks or legible copies will be provided to you within a reasonable time after your written request. You may cancel your authorization for check safekeeping at any time in writing, except for those accounts that require check safekeeping.

Stop Payments

In case this bank is requested to stop payment on an item or items, the depositor agrees to hold this bank harmless for all expenses and costs incurred by this bank for refusing payment of said item, and further agrees not to hold this bank liable for payment contrary to this request if payment occurs through inadvertence, accident or oversight due to incomplete or inaccurate information, or if by reason of such payment other items drawn by the depositor are returned unpaid.

In addition, the depositor agrees to hold this bank harmless for the payment of any checks already in the process of being paid at the time the stop payment request is placed.

An oral stop payment request shall be valid only for 14 calendar days unless we receive a written, signed confirmation within that period. E-mail notification is not an acceptable written notification. A written stop payment request shall be effective for six months, unless renewed in writing. We will not honor stop payments on official bank checks unless deemed fraudulent.

If you generate your checks by computer or generate a check without a MICR-encoded check number on the check, we will be unable to guarantee your payment will be honored. A cancellation of a stop payment may be given by a person who is authorized to draw checks against the account.

Fees

You agree to pay the fees disclosed to you in the Truth in Savings disclosure or other schedule of fees that were discussed when you opened your account and authorize us to deduct these fees from your account. It is agreed this account may be charged a service fee for providing information in response to any subpoenas, court orders, summonses, and other legal requests of that type.

It is agreed that this account, whether active or dormant (an account shall be considered dormant when no deposit has been made or checks drawn for a period of one year, or three months if the balance is less than $1), shall be subject to service and maintenance charges heretofore adopted by this bank and now in effect, and to such charges as may hereafter be adopted by this bank. New service and maintenance charges and changes in existing charges shall become effective upon posting a notice in each office of this bank for a period of 30 days or providing other similar written notification. Such charges may be deducted from the depositor's account and this bank shall not be liable for dishonoring checks, drafts, notes, acceptances or other instruments because of insufficient funds resulting from the deduction of such charges.

Postdated and Stale-Dated Checks

We discourage the practice of writing postdated checks and may pay a check before the date on the check and charge your account, unless you have given us sufficient prior written notice that you have issued a postdated check. Your notice must inform us of the exact amount and date of the item, the name of the payee, the check number and the account number. A stale-dated check is one that is more than six months old. Our check processing equipment is unable to detect time-dated checks (not valid after a certain date), and we are not liable for charging your account for a stale-dated check.

Joint or Partnership Account

Joint depositors hereby agree each with the other and with the bank that all sums now on deposit or subsequently deposited for their credit by either or both joint depositors are and shall be owned by the depositors jointly with right of survivorship. Said sums on deposit shall be subject to the check or receipt of either depositor, or the survivor of them. Payment to or on a check of either depositor or the survivor shall be valid and discharge the bank from all liability.

It is further agreed that in the event that the depositors are husband and wife, they shall be regarded as tenant by the entireties with respect to this account.

Each of the depositors appoints the other attorney, with power to deposit monies of the other in said joint account and, for that purpose, to endorse any check, draft, note or other instrument payable to the order of the other or both of said depositors.

Payment to or on a check of the survivor shall be subject to the laws relating to inheritance, succession taxes and all rules and regulations pursuant thereto. Upon the death of any of the depositors, the survivor or survivors shall immediately notify the bank of the date thereof. This agreement shall be binding upon the depositor's respective heirs, executors, administrators or assigns.

Incorporated Accounts

This bank reserves the right to require that corporations and other legal entities which may open an account under this agreement, supply this bank with such authorizing resolution and/or other documentation as may be requested by this bank. Said documentation must designate the person or persons who are authorized to make withdrawals from this account. This bank will honor such authorization until it is amended or terminated in writing by the organization's governing body and actually received by this bank.

Set-Off

You agree that we may at any time (without prior notice, except as prohibited by law) set-off the funds in your deposit accounts against any debt owed to us now or in the future, by any owners of the account to the extent of that person's right of withdrawal.

The right of set-off does not apply to this account if: (a) it is an IRA or a tax-deferred retirement account; or (b) the debt is created by a consumer credit transaction under a credit card plan; (c) the debtor's right of withdrawal arises only in a representative capacity. We will not be liable for the dishonor of any check when it occurs due to a set-off of a debt against this account.

Wire Transfers

Any wire transfers in or out of the account are subject to separate contract.

Amendments and Termination

We may change any term of this agreement. If prior notice of a change is required by law, we will comply with applicable law, which generally requires notifying you thirty calendar days before the change is effective if it is not in your favor. We may also close accounts at any time for any reason with reasonable notice to you and tender of any account balance. You are responsible for paying any service charges due.

Abandoned/Dormant Accounts

If you do not notify us in writing of your current mailing address, do not use your account or notify us concerning your account, your account will be presumed abandoned after a specified period of time. Accounts which are presumed to be abandoned will be escheated to the state in which your account is maintained in accordance with applicable law. Dormant fees may also be charged.

Preauthorized Drafts

With pre-authorized drafts, the payee sends an unsigned draft, warranting that the "drawer's signature is on file." However, checks and drafts must be signed to be negotiable instruments. By the depositor giving out his/her checking account information in such a case, he/she authorizes the bank to pay any checks generated as a result.

Restrictions on Payment

If a customer writes a condition on a check that restricts its payment (i.e., "Void After 60 Days"), the bank may not honor such a condition unless the bank has been given prior notification of the restriction's terms.

Arbitration of Disputes

If either you or we have any unresolvable dispute or claim concerning the services, it will be decided by binding arbitration under the expedited procedures of the Commercial Financial Disputes Arbitration Rules of the American Arbitration Association (AAA) and Title 9 of the US Code.

Arbitration hearings will be held in Philadelphia, Pennsylvania or where mutually agreed to. A single arbitrator will be appointed by the AAA and will be a retired judge or attorney with experience or knowledge in banking transactions. The arbitrator will award the filing and arbitrator fees to the prevailing party. A judgment on the award of the arbitrator may be entered by a court.

Funds Availability

We want to help you get the most for your money. That's why it's our policy to make the funds you deposit to your transaction accounts available for withdrawal in cash or to pay checks you've written as soon as possible. Our complete Funds Availability Policy is outlined for you below. By being familiar with our policy, you will be able to manage your personal finances easily and accurately.

Availability of Funds

Our policy is to make funds from your deposits available to you on the first business day after the day we receive your deposit. Electronic direct deposits will be available on the Federal Reserve settlement date, which in most instances is the regularly scheduled payment date of the payor. Once they are available, you can either withdraw the funds in cash, or we can use the funds to pay checks that you have written.

Business Days

For determining the availability of your deposits, every day is a business day except Saturdays, Sundays, and federal holidays. If you make a deposit on a business day that the bank is open, we will consider that day to be the day of your deposit. However, if you make a deposit on a day we are not open, we will consider the deposit as being made on the next business day we are open. We reserve the right to make 2 p.m. the close of our business day, and notices will be posted accordingly on such days. Deposits made at automated teller machines (ATMs) after 3 p.m. will be considered to be made on the next business day.

Longer Delays May Apply

In some cases, we will not make all of the funds you deposit by check available to you on the first business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the fifth business day after the day of your deposit. However, the first $100 of your deposits may be available on the first business day.

Notification of Delayed Availability

If we are not going to make all of the funds you deposit available on the first business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available.

If your deposit is not made directly to one of our employees, or we decide to take this action after you have left the premises, we will mail a notice to you by the business day after we receive your deposit.

If we accept a check for deposit that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately but may delay your availability to withdraw a corresponding amount of funds that you have in another account with us. Such funds would then be subject to the withdrawal time periods that are described elsewhere in this disclosure for the type of check you deposited.

Special Circumstances

In addition, the funds you deposit by check may be delayed for a longer period under the following circumstances:

• We believe a check you deposit will not be paid.
• You deposit checks totaling more than $5,000 on any one day.
• You redeposit a check that has been returned unpaid.
• You have overdrawn your account repeatedly in the last six months (6 times in 6 months or if $5,000 or more, two times in the last six-month period).
• There is an emergency, such as failure of computer or communications equipment.

We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will become available.  Under these circumstances, funds will generally be available no later than the eleventh business day after the day of your deposit. If you have a question regarding when a deposit will be available, please ask us at the time you make the deposit.

While at times we may have to delay your funds from being withdrawn or used to pay checks you have written for several days, you should know that any funds you deposit will immediately be counted toward minimum or average balance requirements, which in turn, may help you avoid checking account service charges.

We're Here to Help

Electronic Banking Services

By Phone

Checking, savings, money market accounts, and lines of credit may be debited by telephone funds transfers. Checking, savings, money market accounts, mortgages, consumer loans and lines of credit can be credited by telephone funds transfers. Savings and money market accounts are limited to six transfers per monthly statement cycle.

For security purposes, we recommend you do not use your cellular phone to access Anytime Banking by Phone; confidential information might be intercepted over the airwaves without your authorization.

Online

With online banking, you can check account balances, review recent account activity, transfer funds between your accounts, including making loan payments, view your previous account statement, and download account activity to a personal financial management software package. Transactions done after 7:00 p.m. or on a non-business day will be processed on the next business day. A confirmation number will appear for all transfers. You will see the transfer to or from a deposit account immediately; loan account transfers will appear the next business day.

The use of the Internet to conduct banking involves certain inherent risks, and thus your use of this electronic banking service of the Bank is being made available by the Bank subject to the terms and conditions of this Agreement. In the event you elect to utilize this service (the "Online Banking Service"), you acknowledge, understand and agree that access to and use of the Online Banking Service is provided on an "as is, as is available" basis.

Univest is committed to delivering a safe and secure online banking product and has adopted the secure sockets layer (SSL) protocol to ensure the confidentiality of transactions over the Internet. SSL ensures confidentiality of all data transmission by encrypting all messages. The information you see during an online session is private to you only; the encryption prevents others from reading your information as it passes over the Internet. Firewalls are used to prevent hackers from entering our site.

In addition, you will use account names or codes, not your actual account numbers. 

The Online Banking Service may only be used for lawful purposes, and transmission of any offensive or other materials that are or may be deemed to be in violation of any Federal, state and/or local laws is prohibited. The Bank may, without notice, terminate your use of the Online Banking Service in the event you violate the terms of this Agreement.

Your Internet Banking password and PIN number must be used with the same care as your ATM or debit card PIN. Never reveal these codes to anyone else; they are designed to protect your privacy. We recommend you do not use the same access code you use on other bank products and services.  You should exit Internet Banking promptly when completing your online banking; do not leave your computer unattended during your online session. When you are finished with your online banking, always sign off before visiting other Internet sites. It is your responsibility to keep your computer free of viruses that could be used to capture password keystrokes. We recommend clearing your browser's cache or turning cache off during online banking to clear copies of web pages that have been stored on your hard drive. Each browser clears the cache differently.

You agree to indemnify, defend and hold the Bank and all of its subsidiaries, affiliates, shareholders, officers, directors, employees, agents, successors and assigns harmless from and against any and all damages, claims, losses, costs and expenses (including attorney's fees) resulting from your use or misuse of the Online Banking Service. The Bank may purge e-mail and other files on a periodic basis, and has no responsibility for maintaining or ensuring the integrity of such files. Therefore, you are solely responsible for keeping back-up copies of all your files.

THE BANK MAKES NO WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, CONCERNING   THE ONLINE BANKING SERVICE AND/OR ANY OF THE INFORMATION OR MATERIALS PROVIDED TO YOU THEREON OR IN CONNECTION THEREWITH. THE BANK EXPRESSLY   DISCLAIMS ALL EXPRESS AND IMPLIED WARRANTIES OF ANY KIND, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE OR USE AND/OR ANY WARRANTY OF MERCHANTABILITY. YOU EXPRESSLY ACKNOWLEDGE AND AGREE THAT YOUR USE OF THE ONLINE BANKING SERVICE, YOUR TRANSMISSION OF INFORMATION THEREON, AND YOUR USE OF INFORMATION THEREFROM IS AT YOUR SOLE AND EXCLUSIVE RISK AND THAT THE BANK DOES NOT WARRANT THE SECURITY OR ACCURACY OF SUCH INFORMATION. IN NO EVENT SHALL THE LIABILITY OF THE BANK EXCEED ANY FEES PAID BY YOU FOR THE USE OF THE ONLINE BANKING SYSTEM, REGARDLESS OF THE NATURE OF YOUR CLAIM.

THIS AGREEMENT SHALL BE BINDING UPON AND ENFORCEABLE AGAINST ALL PERSONS WHO ARE AUTHORIZED BY YOU TO USE THE ONLINE BANKING SERVICE ON YOUR BEHALF.

Online Bill Payment

You are responsible for all transfers and bill payments you authorize using our Online Bill Payment Service. You should notify us immediately if any of your personal accounts have been accessed or your password or ID codes have been used without your authorization. Please refer to the error resolution procedures found in the Electronic Transactions document. We, or our third party service provider, are responsible for completing fund transfers and bill payments on time according to your properly transmitted instructions. Such transfers or bill payments will be processed only when a sufficient balance is or will be available in your bill-pay checking account at the time of withdrawal. When notification is received of any return item, such as NSF or Account Closed, a block is placed on your Bill Payment Account for five business days. This disables you from initiating any additional payments through the Bill Payment Account or from having any recurring or future-dated payments from being made until the original return item has been paid. There will be a fee assessed for returned items. If your bill payment incurs return items on three separate days within a year, your bill payment service will be reviewed for possible termination. We are not responsible if you have not properly followed the software or bill payment instructions, have not given complete, correct and current instructions, do not provide us with timely notification, or if unforeseen circumstances beyond our control occur, such as but not limited to telecommunication outages, computer equipment failure, natural disasters, etc.

You will be required to use one of our regular consumer checking accounts, and not a money market deposit account, as your bill-paying checking account because of regulatory limits on transfers from a money market deposit account. When your home banking or bill payment service is linked to one or more joint accounts, verbal, written, or electronic instructions of any authorized signer will serve as your authorization for us to act on those instructions. You can pay anyone in the United States except a government agency, and may use the online bill payment service outside the U.S. If you forget your ID, you may call customer service and, with proper verification, your ID will be given to you. If you lose your PIN, you may call customer service and a new one will be mailed to you.

Most bill payments are made through an electronic transmission. Once you have set up the vendor/merchant, you can then look at the "View Payees" screen, and you will see a field that will tell you if the vendor is electronic or check. Payments made electronically are generally received and credited by your payee within two business days. For those payees who do not receive electronic delivery, payment is made with a check to the payee you have designated. All checks are sent through the U.S. mail and generally credited to your account within five business days. You can make multiple payments to the same payee as long as the payment amounts are different. For your protection, the system will not pay duplicate items on the same day. Recurring payments can be set up weekly, semi-monthly or monthly. Confirmation numbers are used for all bill payments, which will appear on your checking account statement. Payment history records are kept for one year in the "View Payment History". Your bill payment service fee will be deducted from your designated bill-pay checking account on the fourth business day of the month. This fee is separate from any other home banking fees that are currently imposed or may be imposed in the future.

Bill payment instructions must be received at least ten business days in advance of the payment date if payment is to be made by check and at least four business days in advance if electronic; we are not responsible for postal delays or processing delays of the payee. The money will be deducted from your account within approximately two days of the payment date you have set. Scheduled payments that fall over a weekend will be processed on Sunday night. Holiday processing is done the following day after the holiday. Payment history records are kept for one year.

If you choose to cancel your online bill payment option, any unprocessed bill payments will be cancelled unless you notify us otherwise. Please allow at least two business days from the date we receive your request to discontinue the bill payment option. You may add, edit or delete payments scheduled Sunday through Thursday up until 9:00 p.m. EST the day the payment is due. You can stop a payment by calling Customer Service at 1-866-211-1502. Our business days are Monday through Friday, excluding bank holidays, for our online bill paying service. Holiday processing is done the following day after the holiday. The minimum amount you may make a payment for is $0.01; the maximum amount is $9,999.99. You may have up to 99 payees; if you need more than 99 payees, please call Customer Service at 1-866-211-1502.

To the extent a transaction is an electronic fund transfer, you can lose no more than $50 if you telephone us within two business days of discovering any unauthorized use of your access codes; however, you can lose up to $500 if you do not notify us within two days and we could have prevented the unauthorized use. If your statement or transaction record is in error or you need more information about a particular transaction, you must notify us no later than 60 days after the transaction in question first appeared on your statement.

We may disclose information to third parties about your accounts if it is necessary for completing transfers and bill payments, it is necessary to verify the existence of or condition of a payment account, we have entered into an agreement to have another party provide the service or receive your account information, in order to comply with laws, government rules or orders, or other legal process, or if you give us your written permission. We may terminate your home banking, bill payment, or telephone banking service at any time, for any reason. We will make every effort to notify you in advance if this happens, but we are not required to do so. We reserve the right to block access to the online services to maintain security to our system if we reasonably believe your access codes may have been compromised or are being used by an unauthorized person.

Your banking information never travels over the Internet without encryption protection.  We are constantly developing and implementing security enhancements to ensure the integrity of our system. Log-in sessions have a time-out; after the limit is reached, you are required to log-in again.

Electronic Transactions

The following section contains information regarding transactions to or from your accounts through the use of your ATM or Univest MasterMoney card at automated teller machines (ATMs), point-of-sale (POS) terminals and cash dispensing machines displaying the STAR, PLUS or MasterCard logo.

Transactions

You may use your ATM or Univest MasterMoney card in combination with your Personal Identification Number (PIN) to access the accounts you have requested on your card. Your PIN is an identification code that is personal and confidential, and the use of the PIN with the ATM card is a security method to maintain security of your account. You agree to take all reasonable precautions that no one else learns your PIN. If you give your card and PIN to someone else to use, you are authorizing them to act on your behalf and will be responsible for use of the card by them. The following transactions are allowed:

Automated Teller Machines (ATMs)

Withdraw cash from:

• your checking account(s)
• your statement savings account(s)
• your line of credit

Deposit cash or checks into:

• your checking accounts(s)
• your statement savings account(s)

Transfer funds between:

• your checking account(s)
• your statement savings account(s)
• your line of credit

Learn the available balance in:

• your checking account(s)
• your statement savings account(s)
• your line of credit

Make Univest loan or club payments at any Univest-owned ATM by enclosing cash or checks and the payment coupon.                     

Please note: A surcharge may be imposed for an EFT or balance inquiry at an ATM by an ATM operator or by a national, regional, or local network used to complete the transfer.

PLUS System ATMs

You may withdraw cash, deposit cash or checks, transfer funds, or obtain account balances from your primary accounts at any PLUS System ATM.

POS Purchases (Point-of-Sale)

You may use your ATM or Univest MasterMoney card in combination with your PIN to purchase goods and services at merchant establishments displaying the STAR logo. Your Univest MasterMoney card may also be used for payment at merchants worldwide wherever Debit Mastercards are accepted. MasterMoney transactions are initiated using the "credit" transaction type and typically require your signature for authorization. When you make a purchase using your card, the amount of all purchases will be deducted from your primary checking account and paid to the merchant.

Record of Transfer

Each time you use your card, you will receive a printed receipt describing the transfer. Additionally, you will receive a monthly account statement showing the transfers made, fees charged, and the status of your account(s).

Limitations on the Use of Your Card

Calendar Day Limits

• Regular ATM: $200 for withdrawals; $200 for POS purchases
• Preferred ATM: $400 for withdrawals; $400 for POS purchases
• Univest MasterMoney: $500 for withdrawals; $2,500 for POS purchases
• Limited Access ATM: $400 for withdrawals

Our business days are Monday through Friday, excluding bank holidays. A settlement day starts at 3:00 p.m. each business day and ends at 3:00 p.m. the next business day. Weekends, including three-day holiday weekends, are considered a settlement day.

Your PIN identifies you and is your means of authorizing all online transfers. Do not disclose your PIN to anyone. Do not write your PIN on or keep it with your card. If you give your card and PIN to someone else to use, you are authorizing them to act on your behalf and you are responsible for use of the card by them.

You will be denied use of your card if you exceed the withdrawal or POS purchase limit, do not have adequate funds available in your account, enter an incorrect PIN, or exceed the frequency of use limitation. The receipt provided will notify you of the reason for the denial.

There are limits on the number of incorrect PINs and denials permitted which are not revealed for security reasons. If you exceed any of these limits, your card may be captured by the ATM.

Deposit and Payment Information

Deposits and payments made through an ATM are posted to your account(s) according to the rules and regulations of the account(s). All deposited items are removed from the ATMs before 3:00 p.m. each business day.

We reserve the right to collect the deposited items before the funds are made available to you; however, you may withdraw up to $100 of your deposit immediately, if it does not exceed your balance or withdrawal limit.

If the amount of funds contained in your deposit or payment envelope differs from the amount you have indicated, we will adjust your account balance to reflect the amount we received and advise you of any difference.

Lost or Stolen Cards

If you believe your card or your PIN has been lost or stolen, please call our toll-free number: 1-877-440-CARD (2273).

Security

In order to protect your ATM transactions and yourself, please follow the points outlined below: (1) Be alert to your surroundings. If you doubt the safety of a particular location, choose another ATM location. (2) Close the entry door prior to initiating your transaction. (3) Put your cash away immediately. (4) If you have concerns about the security of a specific ATM location, please call our Security Department at 215-721-2413. New Jersey residents may also call the New Jersey Department of Banking at 609-292-7272.

PREAUTHORIZED ELECTRONIC FUNDS TRANSFERS

The following section contains information regarding transactions to or from your accounts through electronic funds transfers.

A preauthorized electronic funds transfer is an electronic funds transfer authorized in advance to recur at substantially regular intervals. Preauthorized electronic funds transfers involving a consumer's account may be authorized by the consumer in writing only, and a copy of the authorization shall be provided to the consumer by the party that obtains the authorization.

Limitations on Preauthorized Electronic Funds Transfers

Only checking accounts and statement savings accounts may be debited or credited by preauthorized electronic funds transfers. However, on all savings accounts, including money market accounts, the depositor is permitted to make no more than six transfers and withdrawals per calendar month or statement cycle to another account or to a third party by means of a preauthorized or automatic transfer or by telephone transfer. Of the six transfers, no more than three may be made by check, draft, debit card, or similar order payable to third parties.

Right to Receive Notice of Varying Amounts

If regular payments from your account may vary in amount, the company you are paying will tell you, 10 calendar days before each payment, when it will be made and how much it will be.

Right to Receive Documentation of Transfers

If you have arranged to have deposits made to or payments deducted from your account, you will receive a monthly account statement. To verify that a transfer has occurred on the scheduled date, you may call our Deposit Services Department at 215-723-6020, or use our "Anytime Banking by Phone" by calling 215-721-0566. Univest National customers outside our local area may call 1-800-287-0105. You may also obtain the information online through our Anytime Online Banking.

Right to Stop Payment of Preauthorized Transfers

To stop payment on a preauthorized withdrawal for one month, call or write us at the address below so we receive your request three business days before the payment is to be made. If you telephone us, we will require that you put your request in writing and get it to us within 14 calendar days after you call. Our normal stop payment charge applies.

To stop a preauthorized withdrawal on a permanent basis, you must revoke the authorization you granted to the originating party. You must provide us with a copy of the notification provided to the originator, as well as your signature on an affidavit that we will provide indicating you did notify the originating party that you were revoking authorization for the transfer.

You will also need to sign an affidavit when your account has been charged and no authorization was granted by you or the amount of the charge was different than the amount you authorized.

Our Liability for Failure to Stop Payment

If you order us to stop payment three business days or more before the transfer is scheduled and we do not do so, we will be liable for your losses or damages as related to the transaction.

OTHER IMPORTANT INFORMATION ABOUT ELECTRONIC FUNDS TRANSFERS

Charges for Transfers

Our fee schedule is included in the Schedule of Fees that you received when you opened your account(s). You may obtain a current copy of the disclosure or get information regarding our complete service fee schedule by inquiring at any office.

We reserve the right to change our fee schedule and charge your account(s) accordingly upon notifying you of any changes at least 30 calendar days prior to the effective date of the changes.

Disclosure of Account Information

We will disclose information about your account or transfers when it is necessary to complete the transfers, to verify the existence and standing of your account at the request of the third party, such as a credit bureau or merchant, to comply with government agency or court orders or otherwise when required or permitted by law, or in accordance with your written permission.

How to Contact Us Regarding Unauthorized Transfers

If you believe there is an unauthorized transfer to or from your account, or that someone has transferred or may transfer money from your account without your permission, call us immediately between 8:00 a.m. and 5:00 p.m. Monday through Friday (excluding holidays) or write us at:

215-721-2503; 1-877-440-CARD

Your Liability for Unauthorized ATM or Anytime Banking Transfers

This includes ATM POS purchases (using an ATM or MasterMoney card and authorized by the cardholder's PIN). If someone uses your card or PIN number without your permission or if you believe there have been unauthorized transfers to or from your account:

• you can lose no more than $50 if you contact us within two business days after you learn of the loss.
• you can lose as much as $500 if you do not contact us within two business days after you learn of the loss and we can prove that we could have prevented the loss if you had contacted us.
• if your account statement shows any transfers that you did not make and you do not contact us within 60 calendar days after the statement was mailed to you, you may not get back any money lost after the 60 calendar days if we can prove that we could have prevented the loss if you had contacted us.

Your Liability for Unauthorized MasterMoney Purchases

(MasterMoney purchases are made when selecting a "credit" transaction type when using a MasterMoney card and may be authorized by the signature.)

If someone uses your card without your permission or if you believe there have been unauthorized purchases from your account, you have $0 liability if:

• you demonstrate that you have exercised care with your card.
• you have not reported 2 or more incidents of unauthorized use on your account within the preceding 12 months.
• your account is in good standing.

For situations not meeting the above-mentioned conditions, a maximum liability of $50 applies.

Our Liability for Failure to Complete a Transfer

If we fail to complete a transfer on time or in the correct amount, we will be liable for damages caused by our failure unless:

• through no fault of ours, there are insufficient funds in your account to complete the transfer.
• the funds in your account are uncollected.
• the funds in your account are subject to legal process.
• the ATM has insufficient cash to complete the transfer.
• your card was reported lost or stolen and you did not request us to reactivate the card.
• we have reason to believe the transfer requested is unauthorized.
• the failure was caused by an act of God, fire or other catastrophe, or by an electrical or computer failure, or by any other circumstances beyond our control.
• you attempt to complete a transfer which is not a permissible transaction.

There may be other exceptions; we will only be liable for actual damages if the failure to transfer resulted from a bona fide error, despite our procedures to prevent such errors.

In Case of Errors or Questions About Your Electronic Transfers

If you think your statement or receipt is incorrect, or if you need  additional information about a transfer, call or write us at the above  address. We must hear from you no later than 60 business days after the date of the first statement on which the problem or error appeared.

• tell us your name and account number.
• describe the transaction you are questioning and explain as clearly as possible why you believe it is an error or why you require additional information.
• tell us the dollar amount of the suspected error.

If you telephone us, we may require that you send us your complaint or question in writing within 10 business days.

If your transfer was conducted at an ATM, we will determine whether an error occurred within 10 business days after we hear from you and will correct any error promptly. If we need more time, however, we may take up to 45 days to investigate your complaint or question. If we decide to do this, we will credit your account within 10 business days for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation. If we ask you to put your complaint or question in writing and we do not receive it within 10 business days, we may not credit your account.

If your transfer was conducted at a POS terminal or was an electronic funds transfer that was not initiated within our state, we will tell you the results of our investigation within 10 business days and will promptly correct any error. If we need more time, however, we may take up to 90 calendar days to investigate your complaint or question. If we decide to use the extended time period to complete our investigation, we will provisionally credit your account within 10 business days for the amount you think is in error so you will have use of the funds during the time required to complete our investigation.

If your account is a new account, we may take up to 20 business days to investigate whether an error occurred. If we need more time, we may take up to 90 calendar days to investigate; in these instances, we will credit your account within 20 business days for the amount you think is in error. An account is considered new during the first 30 calendar days after the first deposit was made to the account, unless you have another transaction account with us.

We will tell you the results within three business days after completing our investigation. If we decide that there was no error, we will send you a written explanation. You may ask for copies of the documents that we used in our investigation. In this instance, you must repay any funds that were provisionally credited; therefore, your account will be debited for the provisionally credited amount. We will provide written notice of the date and amount of the debit. Checks, drafts, or similar paper instruments payable to third parties and preauthorized debits will be honored without charge for five business days after transmittal of the notice to the extent these items would have been honored if the funds had not been debited.

Schedule of Fees