Common use of Determination of Available Balance to Pay Items Clause in Contracts

Determination of Available Balance to Pay Items. Checks and other transactions on a checking account with us are paid based on your available balance, and not the actual balance. Your actual balance is the actual amount of funds in the account (based on credits and debits posted to the account at that time). Your available balance is generally equal to the actual balance, less the amount of any holds placed on recent deposits, holds placed for other reasons, and holds for pending transactions (such as debit card purchases) that we have authorized but that have not yet posted to the account. If an item presented for pay- ment against the account exceeds the available balance, we will treat it as presented against non-sufficient funds even if the actual balance exceeds the amount of the item.

Determination of Available Balance to Pay Items. Checks and other transactions on a checking account with us are paid based on your available balance, and not the actual balance. Your actual balance is the actual amount of funds in the account (based on credits and debits posted to the account at that time). Your available balance is generally equal to the actual balance, less the amount of any holds placed on recent deposits, holds placed for other reasons, and holds for pending transactions (such as debit card purchases) that we have authorized but that have not yet posted to the account. If an item presented for pay- ment payment against the account exceeds the available balance, we will treat it as presented pre- sented against non-sufficient funds even if the actual balance exceeds ex- ceeds the amount of the item.

Determination of Available Balance to Pay Items. Checks and other transactions on a checking account with us are paid based on your available balance, and not the actual balance. Your actual balance is the actual amount of funds in the account (based on credits and debits posted to the account at that time). Your available balance is generally equal to the actual balance, less the amount of any holds placed on recent deposits, holds placed for other reasons, and holds for pending transactions (such as debit card purchases) that we have authorized but that have not yet posted to the account. If an item presented for pay- ment payment against the account exceeds the available balance, we will treat it as presented against non-sufficient insuffi- cient funds even if the actual balance exceeds the amount of the itemitem (please see Provision 6.k. below).

Determination of Available Balance to Pay Items. Checks and other transactions on a checking account with us are paid based on your available balance, and not the actual balance. Your actual balance is the actual amount of funds in the account (based on credits and debits posted to the account at that time). Your available balance is generally equal to the actual balance, less the amount of any holds placed on recent deposits, holds placed for other reasons, and holds for pending transactions (such as debit card purchases) that we have authorized but that have not yet posted to the account. If an item presented for pay- ment payment against the account exceeds the available balance, we will treat it as presented against non-sufficient insufficient funds even if the actual balance exceeds the amount of the itemitem (please see Provision 6.k.).