External Online Loan Payment Disclosure:

I hereby authorize Meritrust Credit Union, to electronically debit my loan payment and convenience fee from my account via Automated Clearing House ("ACH") or a Debit Card transaction, and to electronically credit my account to correct erroneous debits when necessary, at the institution that holds my deposit account ("Other Financial Institution or Other FI"), in order to make a payment on my Meritrust Credit Union loan as specified above.

I understand that by using this service I agree to the following Terms that apply to this authorization:

My account at the Other Financial Institution will be debited (charged) and funds will be credited to my Meritrust Credit Union loan. I acknowledge that it is my responsibility to ensure that sufficient funds are on deposit in my account at the other financial institution on my loan payment scheduled date to make the payment as scheduled. I will only authorize that payments be debited from accounts that I own. In the event that funds are not available in my account at the other financial institution and the entry is returned, Meritrust Credit Union may impose a Return Fee disclosed my contract, and it is my responsibility to re-initiate the transaction or make a payment by other means.

Using this service does not guarantee my payment will be made, and I am solely responsible for ensuring my payment is received and credited. I understand that transactions authorized before 2:00 pm Central Time (CT) will be credited that days business, but may not reflect on my loan until the next business day. Transactions authorized after 2:00 pm CT may not be processed until the next business day. A business day is considered Monday through Friday, excluding Federal Holidays. Authorized debits may take 2-3 business days to appear on my account at the Other Financial Institution.

Meritrust Credit Union relies on the information I entered. If the information is incorrect, the debit may be returned, which could result in my payment being late and an additional late fee and interest may be charged. I understand that this transaction must comply with all applicable law. This authorization will remain in effect unless/or until I notify Meritrust Credit Union that I have revoked it, except for transactions made by a debit card, which cannot be cancelled. Notice must be given by completing the "change or cancel transaction" in the Online Payment section of the online banking service before 2:00 PM Central Time the business day preceding the effective date of the payment. If any payment is rejected or is reversed for any reason, that payment will be reversed on my loan and I will be responsible for making payment to the credit union separately.

I understand that Meritrust Credit Union may limit the dollar amount or amount of transactions allowed through this service, or it may cancel my ability to use this service without reason, or in the event of multiple failed payments or if my loan is delinquent I understand that if I no longer wish to be bound by these Terms, I must discontinue my usage of the service. Meritrust Credit Union may make changes to these Terms from time to time. Continued use serves as my acknowledgement and acceptance of these Terms.