Common use of COLLECTION AND PROCESSING OF ITEMS Clause in Contracts

COLLECTION AND PROCESSING OF ITEMS. In processing items You have deposited for collection, We are only Your agent and assume no responsibility beyond the exercise of ordinary care. Any item deposited is subject to final settlement in cash or credit. We may use any method We feel is appropriate to collect items, which may include use of a Federal Reserve Bank. We are not responsible for the acts of any third party We use for the collection of items including responsibility for lost items. If We use a local clearinghouse in the collection of items, You authorize Us to do so and to act in accordance with any applicable rules and regulations. We may permit You to withdraw funds from Your Account before final settlement has been made, however, if final settlement is not made, We have the right to charge Your Account or otherwise require You to repay such funds. In processing items presented for payment on Your Account each day, We first process ACH items (in the order in which they are received). Next, We process check items (in numerical order with the lowest number item first, the next highest number second, so forth and so on). Then, We process ATM, Debit, Phone, and Online Banking items. Xxxx pay transactions will be processed last (except to the extent that the recipient of a bill pay transaction accepts ACH transactions, in which case said transaction will be processed as an ACH transaction as set forth above). This means that transactions may not be processed in the order in which they occurred and that You could incur multiple fees in a single day should there be insufficient funds to pay all items presented that day.

COLLECTION AND PROCESSING OF ITEMS. In processing items You have deposited for collection, We are only Your agent and assume no responsibility beyond the exercise of ordinary care. Any item deposited is subject to final settlement in cash or credit. We may use any method We feel is appropriate to collect items, which may include use of a Federal Reserve Bank. We are not responsible for the acts of any third party We use for the collection of items including responsibility for lost items. If We use a local clearinghouse in the collection of items, You authorize Us to do so and to act in accordance with any applicable rules and regulations. We may permit You to withdraw funds from Your Account before final settlement has been made, however, if final settlement is not made, We have the right to charge Your Account or otherwise require You to repay such funds. In processing items presented for payment on Your Account each dayAccount, We first process ACH will pay such items each business day based solely on the amount of the items presented for payment (in e.g. the order in which they are received). Next, We process check items (in numerical order with the lowest number largest item will be paid first, the next highest number second largest will be paid second, so forth and so on). Then, We process ATM, Debit, Phone, and Online Banking items. Xxxx pay transactions will be processed last (except subject to the extent available funds in that Account. All of which means that the recipient of a bill pay transaction accepts ACH transactions, in which case said transaction will be processed as an ACH transaction as set forth above). This means that transactions may not be processed in the order in which they occurred and that You could incur multiple fees in a single day should there be insufficient available funds to pay all items presented that day.

COLLECTION AND PROCESSING OF ITEMS. In processing items You have deposited for collection, We are only Your agent and assume no responsibility beyond the exercise of ordinary care. Any item deposited is subject to final settlement in cash or credit. We may use any method We feel is appropriate to collect items, which may include use of a Federal Reserve Bank. We are not responsible for the acts of any third party We use for the collection of items items, including responsibility for lost items. If We use a local clearinghouse in the collection of items, You authorize Us to do so and to act in accordance with any applicable rules and regulations. We may permit You to withdraw funds from Your Account before final settlement has been made, however. However, if final settlement is not made, We have the right to charge Your Account or otherwise require You to repay such funds. In processing items presented for payment on Your Account each dayAccount, We first process ACH will pay such items each business day based solely on the number of the check presented for payment (in the order in which they are received). Next, We process check items (in numerical order with the lowest check number item paid first, the next highest check number will be paid second, so forth and so on). Then, We process ATM, Debit, Phone, and Online Banking items. Xxxx pay transactions will be processed last (except subject to the extent available funds in that Account. All of which means that the recipient of a bill pay transaction accepts ACH transactions, in which case said transaction will be processed as an ACH transaction as set forth above). This means that transactions may not be processed in the order in which they occurred and that You could incur multiple fees in a single day should there be insufficient funds to pay all items presented that day.

COLLECTION AND PROCESSING OF ITEMS. In processing items You have deposited for collection, We are only Your agent and assume no responsibility beyond the exercise of ordinary care. Any item deposited is subject to final settlement in cash or credit. We may use any method We feel is appropriate to collect items, which may include use of a Federal Reserve Bank. We are not responsible for the acts of any third party We use for the collection of items including responsibility for lost items. If We use a local clearinghouse in the collection of items, You authorize Us to do so and to act in accordance with any applicable rules and regulations. We may permit You to withdraw funds from Your Account before final settlement has been made, however, if final settlement is not made, We have the right to charge Your Account or otherwise require You to repay such funds. In processing items presented for payment on Your Account each dayAccount, We first process ACH will pay such items each business day based solely on the amount of the items presented for payment (in e.g. the order in which they are received). Next, We process check items (in numerical order with the lowest number largest item will be paid first, the next highest number second largest will be paid second, so forth and so on). Then, We process ATM, Debit, Phone, and Online Banking items. Xxxx pay transactions will be processed last (except subject to the extent available funds in that Account. All of which means that the recipient of a bill pay transaction accepts ACH transactions, in which case said transaction will be processed as an ACH transaction as set forth above). This means that transactions may not be processed in the order in which they occurred and that You could incur multiple fees in a single day should there be insufficient funds to pay all items presented that day.

COLLECTION AND PROCESSING OF ITEMS. In processing items You items, you have deposited for collection, We are only Your your agent and assume no responsibility beyond the exercise of ordinary care. Any item deposited is subject to final settlement in cash or credit. We may use any method We feel is appropriate to collect items, which may include use of a Federal Reserve Bank. We are not responsible for the acts of any third party We use for the collection of items including responsibility for lost items. If We use a local clearinghouse in the collection of items, You you authorize Us to do so and to act in accordance with any applicable rules and regulations. We may permit You you to withdraw funds from Your your Account before final settlement has been made, however, if final settlement is not made, We have the right to charge Your your Account or otherwise require You you to repay such funds. In processing items presented for payment on Your Account each dayyour Account, We first process ACH will pay such items each business day based solely on the dollar amount each item presented for payment (in the order in which they are received). Next, We process check items (in numerical order with the lowest number item smallest dollar amount received paid first, the next highest number largest dollar amount will be paid second, so forth and so on). Then, We process ATM, Debit, Phone, and Online Banking items. Xxxx pay transactions will be processed last (except subject to the extent available funds in that the recipient of a bill pay transaction accepts ACH transactions, in which case said transaction will be processed as an ACH transaction as set forth above)Account. This means that the transactions may not be processed in the order in which they occurred and that You you could incur multiple fees in a single day should there be insufficient funds to pay all items presented that day.