Common use of Electronic Presentment of Checks Clause in Contracts

Electronic Presentment of Checks. Your Account may be debited on the day that a check or other transaction is presented (or returned) directly or electronically for payment. Your Account may be charged or a hold placed on funds at an earlier time if notice that a check or other item deposited to your Account is being returned, or if notice is received that your check or electronic payment (e.g., at a point-of-sale) is being processed for collection. Please note: Some merchants may obtain authorizations in advance for point-of-sale transactions in an amount greater than the final transaction amount. You agree that a hold may be placed on sufficient funds to cover the amount of the authorized transaction, pending its final settlement through the system even if that amount exceeds the actual amount of the transaction. This could affect the balance available to cover other transactions.

Electronic Presentment of Checks. Your We may charge your Account may be debited on the day that a check or other transaction is presented (or returned) to us directly or electronically for payment. Your We may charge your Account may be charged or place a hold placed on funds at an earlier time if we receive notice that a check or other item deposited to your Account is being returned, or if we receive notice is received that your check or electronic payment (e.g., at a point-of-sale) is being processed for collection. Please note: Some merchants may obtain authorizations in advance for point-of-sale transactions in an amount greater than the final transaction amount. You agree that we may place a hold may be placed on sufficient funds to cover the amount of the authorized transaction, pending its final settlement through the system even if that amount exceeds the actual amount of the transaction. This could affect the balance available to cover other transactions.

Electronic Presentment of Checks. Your We may charge your Account may be debited on the day that a check or other transaction is presented (or returned) to us directly or electronically for payment. Your We may charge your Account may be charged or place a hold placed on funds at an earlier time if we receive notice that a check or other item deposited to your Account is being returned, or if we receive notice is received that your check or electronic payment (e.g., at a point-of-of- sale) is being processed for collection. Please note: Some merchants may obtain authorizations in advance for point-of-sale transactions in an amount greater than the final transaction amount. You agree that we may place a hold may be placed on sufficient funds to cover the amount of the authorized transaction, pending its final settlement through the system even if that amount exceeds the actual amount of the transaction. This could affect the balance available to cover other transactions.