Common use of Account Balances Clause in Contracts

Account Balances. You agree to maintain a positive balance and not to incur overdrafts. If you manage your account in such a way that it results in a negative balance or becomes overdrawn, you agree to rectify the matter by transferring sufficient funds from your linked internal or external account to repay the overdrawn balance. Your failure to bring your account to a positive balance could result in the temporary or permanent suspension of your Account and services. Further consequences may be enacted if you do not remedy the situation in a timely manner and may include: (1) the reporting of your negative balance to a reporting agency; (2) legal action; and/or (3) charging you fees for the overdraft in accordance with our Schedule of Fees.

Appears in 6 contracts

Samples: Wire Transfer Agreement, Account Agreement, Account Agreement

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Account Balances. You agree to maintain a positive balance and not to incur overdrafts. If you manage your account Account in such a way that it results in a negative balance or becomes overdrawn, you agree to rectify the matter by transferring sufficient funds from your linked internal or external account to repay the overdrawn balance. Your failure to bring your account Account to a positive balance could result in the temporary or permanent suspension of your Account and servicesServices. Further consequences may be enacted taken if you do not remedy the situation in a timely manner and may include: (1) the reporting of your negative balance to a reporting agency; (2) legal action; and/or (3) charging you fees for the overdraft in accordance with our Schedule of Fees.

Appears in 1 contract

Samples: Switch Account Agreement

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