Insufficient Balances. You must maintain a sufficient available balance in your account to cover the checks you write. The Bank may return any item drawn on your account if your account balance is insufficient to pay the item at any time between the presentment of the item to the Bank for payment and the return or final payment of the item. Once the Bank determines that your account balance is insufficient to pay any item, we are not required to check the balance again before returning the item. If a check is presented to the Bank for payment when there are not sufficient available funds in your account, we may pay the check or refuse payment and return it unpaid. If the Bank pays the check, you will be responsible for it. You must promptly reimburse the Bank for any insufficient balance. An insufficient balance (overdraft) could result from, among other things: (1) the payment of other checks; (2) payments authorized by you; (3) checks deposited by you that are returned to the Bank unpaid; (4) claims against the Bank regarding your account or any deposit; (5) service charges; or (6) the Bank’s exercise of its right of set off. Your account may be debited on the day that an item is presented, or at such earlier time as notification is received by the Bank by electronic or other means, that an item drawn on your account has been deposited for collection in another financial institution. You understand that the Bank reserves the right to pay items into overdraft, to impose overdraft fees, and to apply later deposits into your account, or any of your accounts at the Bank, to those overdrafts or overdraft fees, by way of set off. You have no right to defer payment of this liability, and you are liable regardless of whether you signed the item or benefited from the charge or overdraft. This includes liability for our costs to collect the deficit, including, to the extent permitted by law, our reasonable attorneys’ fees.
Insufficient Balances. You must maintain a sufficient available balance in your account to cover the checks you write. The Bank may return (bounce) any check or other item drawn on your account if your available account balance is insufficient to pay the item on the day it is presented to the Bank for payment, taking into account the order that items are charged to the account, as we describe above. Once the Bank determines that your account balance is insufficient to pay any item, we are not required to check the balance again before returning the item. If there are insufficient available funds to pay a check or other item, the Bank may pay the item and not return it, which may also result in an overdraft or insufficient funds (NSF) fee. An NSF fee may be charged for each transaction or item, including transactions or items that are re-presented to us by you or for payment from your account, which may result in charging you more than one NSF fee for the same transaction or item. There is no automatic enrollment in any optional overdraft protection product offered by the Bank. We pay overdrafts at our discretion, which means that we do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be denied. We will demand immediate repayment of any overdraft on your account and charge you an overdraft fee. The Bank may also refuse to pay any item if there is a restraining order, injunction, levy, or execution against your account. The Bank offers overdraft protection to help protect you against overdrawing your account by automatically advancing funds, from your overdraft protection line of credit. Advances occur
Insufficient Balances. You must maintain a sufficient available balance in your account to cover any items drawn on your account or that you issue. For the purposes of this paragraph, an “item” shall include any check, written order, or electronic transaction. If an item is presented to Alpine for payment at the time when there are insufficient funds available in your account to satisfy such item, Alpine may, in its sole discretion, pay the item or refuse payment and return the item as unpaid. If Alpine pays the item, you will be responsible for it. In the event that multiple items are presented to your account for payment at a time when there are insufficient funds available in your account to cover all of them, Alpine may, in its sole discretion, choose to pay some or all of these items. Should the Bank choose to pay only some of the items and return the others unpaid, Alpine will pay the smallest items first. You will be responsible for those items that Alpine pays regardless of whether sufficient funds were available in your account at the time we paid the item(s). Refer to the Schedule of Service Charges for fee information.
Insufficient Balances. The Customer acknowledges that if there are insufficient funds available on the Line of Credit to complete the automatic transfer to satisfy the Target Balance, the Bank will transfer such funds as are available under the Line of Credit, up to the applicable credit limit. Any applicable fees and charges relating to the Sweep Account for overdrafts due to insufficient funds being available under the Line of Credit will be due and payable by the Customer in accordance with the applicable Deposit Account Agreement.
