Common use of Deposit Corrections Clause in Contracts

Deposit Corrections. If funds are incorrectly deposited or transferred into the Account, we may correct the situation by deducting the amount of the erroneous deposit from the Account without prior notice to Customer. If there are not enough funds in the Account at that time, the Account could become overdrawn. See the paragraph below captioned “No Overdrafts.” for more information about what occurs if the Account has a negative balance.

Deposit Corrections. If funds are incorrectly deposited or transferred into the Account, we may correct the situation by deducting the amount of the erroneous deposit from the Account without prior notice to Customer. If there are not enough funds in the Account at that time, the Account could become overdrawn. See the paragraph below captioned sub-section 7 (“No Overdrafts.” ”) below for more information about what occurs if the Account has a negative balance.