ELECTRONIC FUNDS TRANSFER

Listed below are the types of Electronic Fund Transfers we are able to handle for you. Some of these Electronic Fund Transfer types might not apply to your account at the time you opened your account with us. Please read this disclosure carefully since it tells you your rights and obligations for the Electronic Fund Transfer transactions listed in this disclosure. You should keep this notice for future reference as needed.

ELECTRONIC FUNDS TRANSFERS INITIATED BY THIRD PARTIES

You may authorize a third party to initiate electronic funds transfers between your account and the third party’s account. These transfers to make or receive payment may be one time occurrences or may recur as directed by you. These transfers may use the Automated Clearinghouse (ACH) or other payments networks. Your authorization to the third party to make these transfers can occur in a number of ways. In some cases, your authorization can occur when the merchant posts a sign informing you of their policy. In all cases, the transaction will require you to provide the third party with your account number and bank information. This information can be found on your check as well as on a deposit or withdrawal slip. Thus, you should only provide your bank and account information (whether over the phone, the Internet, or via some other method) to trusted third parties whom you have authorized to initiate these electronic funds transfers. Examples of these transfers include, but are not limited to:

• Preauthorized Credits - You may make arrangements for certain direct deposits to be accepted into your checking or savings account(s).
• Preauthorized Payments - You may make arrangements to pay certain recurring bills from your checking or savings account(s).
• Electronic Check Conversion - You may provide your check to a merchant or service provider who will scan the check for the encoded bank and account information at the bottom of your check. The merchant or service provider will then use this information to convert the transaction into an electronic funds transfer. This may occur at the point of purchase, or when you provide your check by other means such as by mail or payment drop box.
• Electronic Returned Check Charge - Some merchants or service providers will initiate an electronic funds transfer to collect from you a returned check fee in the event your check is returned for insufficient funds.

Please also see the Limitations on Frequency of Transfers section regarding limitations on transfers for savings accounts.

ELECTRONIC FUNDS TRANSFERS INITIATED BY YOU

You can initiate the following types of Electronic Funds Transfers as listed below.

Telephone Access Banking System (TABS) Transfer Types – You may access your account information or initiate electronic funds transfers by telephone 24 hours a day at (888) 317-8227 using your personal identification number, a touch tone phone, and your account numbers, to do the following:

• Transfer funds between your checking account(s) and savings account(s); and
• Get information about the account balance in any of your checking or savings accounts:
  • the last five deposits to one of your checking or savings accounts; and
  • the last ten withdrawals from one of your checking or savings accounts.

Please also see the Limitations on Frequency of Transfers section regarding limitations that apply to telephone transfers on your account(s).

ATM Transfers - Types of Transfers - Dollar Limitations - You may access your accounts by ATM using your ATM card and personal identification number, or Debit Card and personal identification number, to:

• Make deposits to your checking or savings account(s) using your ATM card or Debit Card;
• Make cash withdrawals from your checking or savings account(s) using your ATM card or Debit Card. You may not withdraw more than $300.00 per day;
• Transfer funds between your checking account (s) and savings account(s) using your ATM card or Debit Card; and
• Get information by using your ATM card or Debit Card about the account balance in any of your checking or savings accounts.

Some of the above services may not be available at all ATMs.

Please also see the Limitations on Frequency of Transfers section regarding limitations that apply to ATM transfers on your account(s).

Types of ATM Card Point of Sale Transactions - You may access your checking or savings account(s) to purchase goods (in person), pay for services (in person), and get cash from a merchant, if the merchant permits, or get cash from a participating financial institution.

Point of Sale Transactions - You may access your checking or savings account(s) to purchase goods (in person, online, or by phone), pay for services (in person, online, or by phone), and get cash from a merchant, if the merchant permits, or get cash from a participating financial institution. You may also do any other transaction type that a participating merchant will allow.

Point of Sale Transactions - Dollar Limitations - You may not exceed $500.00 in transactions per day when using an ATM Card or Debit Card. Please also see the Limitations on Frequency of Transfers section regarding limitations that apply to debit card transactions.

Please see your cardholder agreement for additional information relating to the use of your Card.

Currency Conversion - If you effect a transaction with your Debit MasterCard® in a currency other than US Dollars, MasterCard International Incorporated will convert the charge into a US dollar amount. MasterCard International will use its currency conversion procedure, which is disclosed to institutions that issue MasterCard cards. Currently, the conversion rate used by MasterCard International to determine the transaction amount in US dollars for such transactions is generally either a government mandated rate or a wholesale rate determined by MasterCard International for the processing cycle in which the transaction is processed, increased by an adjustment factor established from time to time by MasterCard International. The currency conversion rate used by MasterCard International on the processing date may differ from the rate that would have been used on the purchase date or cardholder statement posting date.

Advisory Against Illegal Use - You agree not to use your card(s) for illegal gambling or other illegal purpose. Display of a payment card logo by, for example, an online merchant does not necessarily mean that transactions are lawful in all jurisdictions in which the cardholder may be located. Please see your cardholder agreement for additional information relating to the use of your Debit MasterCard®/ATM Card.

Online Banking Computer Transfers - Types of Transfers - You may, if applicable, access your accounts by computer at www.stedmondsfsb.com and by using a password, your account numbers, and your social security number to:

• View account balances and review transaction history;
• Transfer money between accounts; and
• Make Payments from your accounts to third parties.

Please also see the Limitations on Frequency of Transfers section regarding limitations that apply to computer transfers.

Limitations On Frequency of Transfers - In addition to those limitations on transfers described elsewhere, if any, the following limitations also apply:

• Transfers from a savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per month. This includes online banking account transfers and bill payments; and
• Transfers from a money market account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per month. This includes online banking account transfers and bill payments.

Fees - We do not charge fees for direct deposits to any type of account. We do not charge fees for preauthorized payments from any type of account. Except as indicated elsewhere, we do not charge for these electronic fund transfers.

ATM Operator/Network Fees - When you use an ATM that is not owned by us, you may be charged a fee by the ATM Operator or by any ATM Network used. You may be charged a fee for a balance inquiry even if you do not complete a fund transfer.

DOCUMENTATION

ATM or Terminal Transactions - You can get a receipt at the time you make any transfer greater than $15.00 to or from your account using one of our ATMs or a Point-of-Sale Terminal.

Preauthorized Credits - If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you can call us at (215) 468-1700 to find out whether or not the deposit has been made.

Periodic Statements - You will get a monthly account statement from us for your checking or savings accounts. Passbook accounts that have any Electronic Fund Transfer will get a monthly statement. If no electronic fund transfer is made, no statement will be generated.

PREAUTHORIZED PAYMENTS

Right to Stop Payment and Procedure for Doing So - If you have told us in advance to make regular payments out of your account, you can stop any of these payments. Here is how you can do this: Call us or write us at the telephone number or address listed in this disclosure in time for us to receive your request 3 business days or more before the payment is scheduled to be made. If you call, we may also require you to put your request in writing and get it to us within 14 days after you call.

You authorize us to charge the stop payment order fee if you use this service. The amount of the stop payment request fee is disclosed in our Service Charge & Fee Schedule. You agree to pay to us a fee for every stop payment request we receive from you.

Notice of Varying Amounts - If these regular payments may vary in amount, the person you are going to pay will tell you, 10 days before each payment, when it will be made and how much it will be. (You may choose instead to get this notice only when the payment would differ by more than a certain amount from the previous payment, or when the amount would fall outside certain limits that you set.)

Liability for Failure to Stop Payment of Preauthorized Transfer - If you order us to stop one of these payments 3 business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages.

FINANCIAL INSTITUTION'S LIABILITY

Liability for Failure to make transfers - If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

• If, through no fault of ours, you do not have enough money in your account to make the transfer;
• If you have an overdraft line and the transfer would go over the credit limit;
• If the automated teller machine where you are making the transfer does not have enough cash;
• If the terminal or system was not working properly and you knew about the breakdown when you started the transfer;
• If circumstances beyond our control (such as a fire or flood) prevent the transfer, despite reasonable precautions that we have taken; or
• There may be other exceptions stated in our agreement with you.

CONFIDENTIALITY

We will disclose information to third parties about your account or the transfers you make:

• Where it is necessary for completing transfers;
• In order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant;
• In order to comply with government agency or court orders; and
• As explained in the separate Privacy Disclosure provided to you.

UNAUTHORIZED TRANSFERS

Consumer Liability - Tell us AT ONCE if you believe your card and/or code has been lost or stolen. Telephoning is the best way of keeping your possible losses down. You could lose all the money in your account (plus your maximum overdraft line of credit). If you tell us within 2 business days, you can lose no more than $50.00 if someone used your card and/or code without your permission.

If you do NOT tell us within 2 business days after you learn the loss or theft of your card and/or code, and we can prove we have stopped someone from using your card and/or code without your permission if you have told us, you could lose as much as $500.00.

Also, if your statement shows a transfer that you did not make, tell us at once. If you do not tell us in 60 days after the statement was mailed to you, you may not get back any money you lost after the 60 days if we can prove that we could have stopped someone from taking the money if you had told us in time.

If a good reason (such as a long trip or a hospital stay) kept you from telling us, we will extend time periods.

ADDITIONAL LIMITS ON LIABILITY FOR DEBIT MASTERCARD WHEN USED FOR POINT-OF-SALE TRANSACTIONS - You will not be liable for any unauthorized transactions using your debit MasterCard, when used for point-of-sale transactions if:

• You can demonstrate you have exercised reasonable care in safeguarding your card from risk of loss or theft;
• You have not reported to us two or more incidents of unauthorized use within the prior twelve month period; and
• Your account is in good standing.

If any of these conditions are not met, your liability is the lesser of $50.00 if the amount of money, property, labor, or services, obtained by the unauthorized use before notification to us. “Unauthorized Use” means the use of your debit card by a person, other than yourself, who does not have actual, implied, or apparent authority for such use, and from which you received no benefit. The additional limitation on liability does not apply to PIN-based transactions or transactions not processed by MasterCard.

Contact in Event of Unauthorized Transfer – If you believe your card and/or PIN has been lost or stolen or that someone has transferred or may transfer money from your account without your permission call or write us at the telephone number or address listed in this disclosure.

Business Day – Our business days are Monday through Friday, excluding federal holidays.

ERROR RESOLUTION NOTICE

In case of Errors or questions about your electronic transfers:

Telephone us or write us at the phone number or address listed in this disclosure as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer listed on the statement or receipt, we must hear from you no later than 60 days after we sent the FIRST statement on which the problem appeared.

1. Tell us your name and account number (if any);
2. Describe your error to the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information; and
3. Tell us the dollar amount of the suspected error.

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

We will determine whether an error occurred within 10 business days (20 days if the transfer involved a new account) after we hear from you and will correct any error promptly. If we need more time, however, we may only take up to 45 days to investigate your complaint or question (90 days for point-of-sale debit card transactions, transactions initiated outside the United States, or if the transfer involved a new account). 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 have the use of the money during the time it takes us to complete our investigation. If we ask you to put your complaint in writing and we do not receive it within 10 days we may not credit your account. Your account is considered a new account for the first 30 days after the first deposit is made, unless each of you already has an established account with us before this account is opened.

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.

St. Edmond’s Federal Savings Bank
Attn: Retail Operations
1901. E. Passyunk Avenue
Philadelphia, PA 19148
Phone: (215) 468-1700

You may request more detailed information from us about electronic funds transfers.

NOTICE OF ATM/NIGHT DEPOSIT FACILITY USER PRECAUTIONS

As with all financial transactions, please exercise discretion when using an ATM or night deposit facility. For you own safety be careful. The following suggestions may be helpful:

1. Prepare your transactions at home (for instance by filling out a deposit slip) to minimize your time at the ATM or night deposit facility;
2. Mark each transaction in your account record, but not while at the ATM or night deposit facility. Always save your ATM receipts. Don’t leave them at the ATM or night deposit facility because they may contain important account information;
3. Compare your records with the account statements you receive;
4. Don’t lend your ATM card to anyone;
5. Remember do not leave your card at the ATM. Do not leave any documents at a night deposit facility;
6. Protect the secrecy of you Personal Identification Number (PIN). Protect your ATM card as though it were cash. Don’t tell anyone your PIN. Don’t give any information regarding your ATM card or PIN over the telephone. Don’t write your PIN down where it can be discovered. For example, don’t keep a note of you PIN in your purse or wallet;
7. Prevent others from seeing you enter your PIN by using your body to shield their view;
8. If you lose you ATM card or if it is stolen, promptly notify us. You should consult the other disclosures you have received about electronic fund transfers for additional information about what to do if your card is stolen;
9. When you make a transaction, be aware of your surroundings. Look out for suspicious activity near the ATM or night deposit facility, particularly if it is after sunset. At night be sure that the facility is well lighted. Consider having someone accompanying you when you use the facility, especially after sunset. If you observe any problem go to another ATM or night deposit facility;
10. Don’t accept assistance from anyone you don’t know when using an ATM or night deposit facility;
11. If you notice anything suspicious or if any other problem arises after you have begun your ATM transaction, pocket your card and leave. You might consider using another ATM or coming back later;
12. Don’t display your cash. Pocket it as soon as the ATM transaction is completed and count the cash later when you are in the safety of you own car or other secure surrounding;
13. At the drive-up facility make sure all the car doors are locked and all of the windows are rolled up, except the driver’s window. Keep the engine running and remain alert to your surroundings; and
14. We want the ATM and night deposit facility to be safe and convenient for you. Therefore, please tell is of you know of any problems with a facility. For instances, let us know if a light is not working or there is any damage to the facility. Please report any suspicious activity or crimes to both operator of the facility and the local law enforcement officials immediately.