Common use of Final Payment; Reversal of Erroneous Credit Entries Clause in Contracts

Final Payment; Reversal of Erroneous Credit Entries. Any credit we give to you resulting from an ACH credit entry or a wire transfer of funds is provisional until the Bank receives final payment. If the Bank does not receive final payment, you agree that the Bank may reverse the credit to your account or that you will otherwise reimburse the Bank if funds in your account are not sufficient. If the payment does not become final, the originator will not be deemed to have paid you the amount of the credit. If the Bank receives satisfactory documentation that an ACH or wire transfer of funds credit was made to your account in error or for an erroneous amount, or if the government claims that you were not entitled to Federal benefits deposited directly into your account, you agree that the Bank may debit any account you have with us for the amount so credited, and you agree to reimburse the Bank if funds in your account are not sufficient to repay the claim.

Final Payment; Reversal of Erroneous Credit Entries. Any credit we give provide to you resulting from an ACH credit entry or a wire transfer of funds is provisional until the Bank receives final payment. If the Bank does not receive final payment, you agree that the Bank may reverse the credit to your account or that you will otherwise reimburse the Bank if funds in your account are not sufficient. If the payment does not become final, the originator will not be deemed to have paid you the amount of the credit. If the Bank receives satisfactory documentation that an ACH or wire transfer of funds credit was made to your account in error or for an erroneous amount, or if the government claims that you were not entitled to Federal benefits deposited directly into your account, you agree that the Bank may debit any account you have with us for the amount so credited, and you agree to reimburse the Bank if funds in your account are not sufficient to repay the claim.

Final Payment; Reversal of Erroneous Credit Entries. Any credit we give to you resulting from an ACH credit entry or a wire transfer of funds is provisional until the Bank receives final final payment. If the Bank does not receive final final payment, you agree that the Bank may reverse the credit to your account or that you will otherwise reimburse the Bank if funds in your account are not sufficient. If the payment does not become finalfinal, the originator will not be deemed to have paid you the amount of the credit. If the Bank receives satisfactory documentation that an ACH or wire transfer of funds credit was made to your account in error or for an erroneous amount, or if the government claims that you were not entitled to Federal benefits benefits deposited directly into your account, you agree that the Bank may debit any account you have with us for the amount so credited, and you agree to reimburse the Bank if funds in your account are not sufficient to repay the claim.