Common use of Electronic Presentment/Posting Clause in Contracts

Electronic Presentment/Posting. We may charge your account on the day that a check or other transaction is presented (or returned) to us directly or electronically for payment. We may charge your account or place a hold 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 that your check or electronic payment (e.g., in connection with 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 on sufficient funds to cover the amount of the authorized transaction, pending its final settlement through the payment system, even if that amount exceeds the actual amount of the transaction. This action could affect the balance available to cover other transactions.

Electronic Presentment/Posting. We may charge your account on the day that a check or other transaction is presented (or returned) to us directly or electronically for payment. We may charge your account or place a hold on funds at an earlier time if we receive notice that a check or other item deposited to your account is being returned returned, or if we receive notice that your check or electronic payment (e.g., in connection with 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 on sufficient funds to cover the amount of the authorized transaction, pending its final settlement through the payment system, even if that amount exceeds the actual amount of the transaction. This action , which could affect the your available balance available to cover other transactionstransactions (see Available Balance).

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