Common use of Credited Account Clause in Contracts

Credited Account. If we credit your account for an amount in excess of the checks or funds actually received for deposit, we may take the excess from your account without prior notice to you. If we receive a court order, levy, garnishment, execution or other sim- ilar legal process (all of which we call “legal process”) concerning the funds in your account, we will withdraw from your account the amount stated in the legal process, pending the resolution of any dis- pute, claim or investigation concerning your account. We may also surrender the funds in your account as required by the legal process. We will not be liable if these actions cause checks to be returned for insufficient funds.

Appears in 4 contracts

Samples: Consumer Deposit Account Agreement, Consumer Deposit Account Agreement, Consumer Deposit Account Agreement

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