Common use of Credits; Provisional Payments Clause in Contracts

Credits; Provisional Payments. Your Account statements will serve as notice of electronic funds transfer payments and other credits to your Account; provided, we shall have no liability for any failure or delay in providing such notice. The Bank may, but is not required, to provide any other notice of the receipt of electronic funds transfers. All credits to your Accounts for electronic funds transfers are provisional until the Bank receives final settlement. If we do not receive final settlement or are otherwise required to return the amount of the electronic funds transfer, we are entitled to a refund (through reversal debit or otherwise) of the amount credited to your Account for that electronic funds transfer, together with any associated interest or credit. We may accept or reject an electronic funds transfer debit or credit to your Account pursuant to the terms and any limits of the applicable Operating Rules and other Applicable Law.

Appears in 4 contracts

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

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