Collection Items Sample Clauses

Collection Items. We may accept certain items on a collection basis only. We route and process collection items separately from your other deposits. We will only credit your account for collection items only after we receive payment for them. We may also receive items from other financial institutions on a collection only basis. Upon presentment of a collection item we will follow the presenting institution’s instructions and pay the item if funds are available in your account or otherwise pursuant to your agreements with us. We charge fees for processing collection items (sending and receiving) as set forth in the Schedule. The financial institution on which the collection item is drawn may also charge you fees. If the other financial institution requires payment of a fee before that institution will process the collection item, we may pay the fee and charge your account. Fees may apply even if the collection item is returned unpaid.
AutoNDA by SimpleDocs
Collection Items. We need not accept for deposit items drawn on a non-U.S. bank or items payable in a foreign currency and may instead accept such items on a collection basis, even after we have taken physical possession of such items. If accepted on a collection basis, we will not be obligated to credit your account for such items until we have received final payment. The actual credit for items payable in a foreign currency will be at the exchange rate in effect at the time of final collection in U.S. dollars. Regardless of whether such items are accepted for deposit or on a collection basis, our Funds Availability Policy will not apply. In receiving checks or other items for deposit or collection, we act only as your collecting agent and assume no responsibility beyond the exercise of ordinary care. We are not responsible for errors and delays made by others in the collection process. We are not responsible if the check is lost or delayed in the collection process. We charge fees for processing collection items.
Collection Items. The Credit Union may accept certain items on a collection basis only. We route and process collection items separately from your other deposits. We will only credit your account for collection items after we receive payment for them. We may also receive items from other financial institutions on a collection only basis. Upon the presentment of a collection item, we will follow the presenting institution’s instructions and pay the item if funds are available in your account or otherwise pursuant to your agreements with us. We may charge fees for processing collection items (sending and receiving) as set forth in the Fee Schedule. The financial institution on which the collection item is drawn may also charge you fees. If the other financial institution requires payment of a fee before that institution will process the collection item, we may pay the fee and charge your account. Fees may apply even if the collection item is returned unpaid.
Collection Items. We may accept certain items on a collection basis only. We route and process collection items separately from your other deposits. We normally credit your account for collection items only after we receive payment for them. However, if we do credit your account and then do not receive payment, we may debit your account for the amount of the item. We may also receive items from other financial institutions on a collection only basis. Upon presentment of a collection item we will follow the presenting institution’s instructions and pay the item if funds are available in your account or otherwise pursuant to your agreements with us. We assess fees for processing collection items (sending and receiving) as set forth in the Schedule. The financial institution on which the collection item is drawn may also charge you fees. If the other financial institution requires payment of a fee before that institution will process the collection item, we may pay the fee and charge your account. Fees may apply even if the collection item is returned unpaid.
Collection Items. On deposits requiring special processing, such as, but not limited to, checks drawn on foreign institutions, credit to the proper account(s) will be made only upon the return of the funds to us. xxx.xxxxxxxxxxxx.xxx Mailing Address: X.X. Xxx 000000 Xxxxxx, Xxxxxxxxxx 00000 00000 Xxxxx Xxxx Xxxxx, #X-0 Xxxxxx, Xxxxxxxxxx 00000 Credit Union Hours: 7:30 am - 4:00 pm On the Second Tuesday of each Month, Open at 10:00 am (000) 000-0000 • Fax (000) 000-0000 Lost/Stolen/Fraud: Debit Card: 000-000-0000 Visa Credit Card: 000-000-0000 24 Hour Phone Teller: 000-000-0000 TRUTH-IN-SAVINGS AGREEMENT AND DISCLOSURE Effective: February 14th, 2017 Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government NCUA National Credit Union Administration, a U.S. Government Agency
Collection Items. 14.1 RHB Bank shall use its best endeavours to collect on behalf of the Merchant the amount due on any Charges which have not complied with the conditions and procedures stated in this Agreement but RHB Bank shall be entitled to impose a collection fee for each Charges successfully collected. The collection fee shall vary according to the transaction amount recorded on the Charges or EDC Slip or the Sales Draft or the Mail Order or Telephone Order form or the Merchant Report. RHB Bank shall not be obliged to pay the Merchant the amount of any Charges whether the Charges or EDC Slip or Sales Draft, Mail Order or Telephone Order forms or the Merchant Report and/or all the other relevant documents including but is not limited to the Credit Voucher presented on collection basis unless and until the said amount has been received by RHB Bank. The Merchant hereby agrees that RHB Bank shall be entitled to deduct the Merchant Discount and the collection fee from such sums received by RHB Bank before remitting the balance sum to the Merchant.
Collection Items. We may accept certain items such as certain securities and checks payable in foreign currencies or at foreign loca- tions on a collection basis only. We route and process collection items separately from your other deposits. We normally credit your account for collection items only after we receive payment for them. But if we do credit your account and then do not receive payment, we may debit your account for the amount of the item. We may also receive items from other financial institutions on a collection only basis. Upon presentment of a collection item we will follow the presenting institution’s instructions and pay the item if funds are available in your ac- count or otherwise pursuant to your agreements with us. We charge fees for processing collection items (sending and receiving) as set forth in the Schedule.The financial institution on which the collection item is drawn may also charge you fees. If the other financial institution requires payment of a fee before that institution will process the collection item, we may pay the fee and charge your account. Otherwise, the other financial institution may subtract its fee from the amount of the payment we receive. Any fees may apply even if the collection item is returned unpaid.
AutoNDA by SimpleDocs
Collection Items. The Bank may accept certain items on a collection basis only, including payments on oil and gas leases, certain securities and checks payable in foreign currencies or at foreign locations. The Bank routes and processes collection items separately. The Bank normally credits your account for collection items only after the Bank receives payment for them. If the Bank credits your account and then does not receive payment, the Bank may debit your account for the amount of the item. The Bank may charge fees for processing collection items. These fees apply even if the collection item is returned unpaid. See the current Consumer Deposit Accounts Brochure for current collection fees. The financial institution on which the collection item is drawn may also charge you fees. If the other financial institution requires payment of a fee before that institution will process the collection item, the Bank may pay the fee and charge your account. Otherwise, the other financial institution may subtract its fee from the amount of the payment the Bank receives. These fees also may apply even if the collection item is returned unpaid. FOREIGN INSTRUMENTS CNB may refuse to accept for deposit or collection a check, draft, or other item that is payable in a currency other than U.S. dollars or that is drawn on a bank or a branch of a bank located outside of the United States (”foreign instrument”). If the Bank accepts a foreign instrument for deposit or collection, you bear all of the risks associated with the collection process and foreign currency fluctuation (exchange rate risk). Actual credit for deposits of, or payable in, foreign currency will be at the Bank’s exchange rate then in effect on final collection in U.S. dollars. A foreign instrument may be returned unpaid much later than instruments that are drawn on banks located in the United States, sometimes several months after the Bank processes the foreign instrument. You bear all the risks of a late return. Generally, the Bank will not credit a foreign instrument to your account until the Bank receives the proceeds in cleared funds from the paying bank. If the Bank does provide credit, such credit is provisional and the Bank may reverse the credit at any time if the foreign instrument is returned unpaid or is initially paid but then subsequently returned for fraud. You agree that the Bank may use the then-current exchange rate for such reversals and the Bank may charge your account for the full value of the foreign inst...
Collection Items. We may accept certain items on a collection basis only. We route and process collection items separately from your other deposits. We normally credit your account for collection items only after we receive payment for them. But if we do credit your account and then do not receive payment, we may debit your account for the amount of the item. We may also receive items from other financial institutions on a collection only basis. Upon presentment of a collection item, we will follow the presenting institution's instructions and pay the item if funds are available in your account or otherwise pursuant to your agreements with us. The financial institution on which the collection item is drawn may charge you fees. If the other financial institution requires payment of a fee before that institution will process the collection item, we may pay the fee and charge your account. Otherwise, the financial institution may subtract its fee from the amount of the payment we receive. Any fees may apply even if the collection item is returned unpaid.
Collection Items. We may accept certain items on a collection basis only. We route and process collection items separately from your other deposits. We will only credit your account for collection items after we receive payment for them. We may also receive items from other financial institutions on a collection only basis. Upon presentment of a collection item, we will follow the presenting institution’s instructions and pay the item if funds are available in your account or otherwise pursuant to your agreements with us. We charge fees for processing collection items (sending and receiving) as set forth in the Schedule. The financial institution on which the collection item is drawn may also charge you fees. If the other financial institution requires payment of a fee before that institution will process the collection item, we may pay the fee and charge your account. Fees may apply even if the collection item is returned unpaid. Actual credit for deposits of or payable in foreign currency will be at the exchange rate in effect on final collection in U.S. dollars.
Time is Money Join Law Insider Premium to draft better contracts faster.