Account Analysis Sample Clauses
The Account Analysis clause outlines the process by which a financial institution reviews and evaluates a customer's account activity, typically to determine service charges, earnings credits, or other account-related metrics. This clause often details the frequency of analysis, the types of transactions or balances considered, and how the results impact fees or account requirements. Its core practical function is to provide transparency and structure to how account costs and benefits are calculated, ensuring both parties understand the basis for any charges or credits applied.
Account Analysis. For certain commercial checking Accounts we may compute the service charges on an account analysis basis. Based upon the amount of the collected balance of such commercial checking Account, each statement month we will apply an earnings credit to offset the service charges on your Account for that statement month. At our option, we may combine the collected balances in any or all of your non-interest bearing Accounts to determine the credit amount. We may set and change the method for determining the earnings credit in our sole discretion. The amount of any earnings credit in excess of service charges may not be carried forward to the next month. If the amount of your earnings credit is less than the amount of the service charges on your commercial checking Account for the statement month, we will offset your service charges by the amount of the earnings credit. The difference will be the amount of service charges which you will owe us on your commercial checking Account for that month. This service charge will be charged to your commercial checking Account or other Account(s) with sufficient balances. For regulatory accounting purposes only, your checking Account may be divided into two subaccounts, a checking subaccount and a savings subaccount. All savings subaccounts will earn the same Annual Percentage Yield as your checking Account, if any, and be subject to all account rules governing our other savings accounts. Balances in the subaccounts will be treated as a single account for purposes of FDIC insurance coverage, interest calculations (where applicable), minimum balance requirements, account statements, and funds available to pay checks, debit card purchases, ATM withdrawals and any other transactions you authorize. Because these subaccounts are only for regulatory accounting purposes, you cannot directly access them. Periodically, the Bank may make adjustments to the balances of the subaccounts depending upon the change in the balance of the combined Account. This regulatory accounting process using subaccounts in no way impacts your experience with your checking Account. In fact, these subaccounts will be invisible to you.
Account Analysis. The Customer will pay the Fees for each Service in effect for the Customer. At the Customer’s request, the Bank will provide a copy of the current schedule of charges for the applicable Services. All charges are subject to change upon thirty (30) days prior written notice to the Customer, except that any increase in charges to offset any increase in fees charged to the Bank or expenses incurred by the Bank in connection with performing a Service may become effective in less than thirty (30) days. The Bank will, on a monthly basis, debit the Customer’s Account with the Bank for payment of charges due. In the event the Customer arranges another payment procedure acceptable to the Bank, the Bank nonetheless reserves the right to utilize the direct debit process for any reason.
Account Analysis. PNC will perform a monthly account analysis to determine if Customer's applicable account balances are sufficient to offset that month's fees. Customer may request to have compensating balances offset fees, in lieu of receiving a monthly invoice. If compensating balances are not sufficient to offset the fees, PNC will debit one of Customer's accounts for the difference, which Customer may designate for that purpose.
Account Analysis. The Foothill Account will be set up on Account Analysis, and all maintenance charges and fees relating to the arrangements under this Agreement will be offset against earnings. Should a net deficit occur, Bank will debit Company Account monthly for such deficit. Should there be insufficient funds in the Company Account to cover a net deficit, Foothill agrees to immediately pay Bank by check the amount of any net deficit upon receipt of a billing statement of said net deficit. Foothill's agreement to pay Bank for any net deficit shall be limited to either the current month or previous month's service charges. Bank's billing statement must be sent to Foothill within thirty (30) days of the occurrence of the net deficit. Thereafter, Foothill shall not be liable for any net deficit.
Account Analysis. The Account Analysis Statement allows an accurate analysis of your businesss total Checking Account relationship and provides information for cash management purposes. Account Analysis is a detailed summary of Account activity and the Account balances that you need to support the activity for each Analysis Period.