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.

Appears in 5 contracts

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

AutoNDA by SimpleDocs

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.

Appears in 1 contract

Samples: treezpay-kyb-documents.s3.us-west-2.amazonaws.com

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.