Insufficient Funds and Overdrafts. When you initiate a withdrawal, fund transfer or other payment transaction from or through use of the Account or one is initiated against the Account, you must have an Available Balance in the Account that is sufficient to cover, at the time, in the amount and in the manner required under the Agreement, the Account Rules and/or any other agreements we may have with you, the withdrawal, fund transfer or other payment transaction you are initiating from or through use of the Account or that is being initiated against the Account. Please note that your Available Balance may be reduced by several factors as provided in the definition of “Available Balance” herein, including by debit card transaction holds. If under the Agreement or the Account Rules, the Available Balance is not sufficient or we otherwise deem in good faith that it is not sufficient, we will not be required to honour or pay, and we may return or reject, the withdrawal, fund transfer or other payment transaction. We may also assess against you and charge against the Account a insufficient funds (“NSF”) fee for each Item returned or rejected, including for multiple returns or rejections of the same Item. If funds in the Account are not sufficient to cover our NSF fees, you agree to pay us, on demand, the amount of such fees. If we pay a withdrawal, fund transfer or other payment transaction when you do not have a sufficient Available Balance, thereby creating or increasing an overdraft in your Account, we may also charge against the Account an NSF fee for each Item so paid. You agree to pay us, on demand, the amount of the overdraft and all fees associated therewith. Whether we pay a withdrawal, fund transfer or other payment transaction in such circumstances is solely within our discretion, and we reserve the right not to do so. We typically do not pay Items into overdraft if your Account is not in good standing, you are not making regular deposits, or you have had excessive overdrafts, but we may also refuse to pay any Item into overdraft for any other reason or for no particular reason. We may impose NSF fees in connection with the return or rejection of any type of Item, and in connection with our decision to pay any type of Item into overdraft status, including cheques, ATM withdrawals or withdrawals by other electronic means. Among our other rights, either before or after we make a demand upon you for payment of any overdraft amount or NSF fees, we may deduct all or any part of the amount ...
Insufficient Funds and Overdrafts. Your account becomes overdrawn when you do not have enough money in your account to cover a transaction. We may pay or return your insufficient funds item(s) at the Bank's discretion. An overdraft fee may be assessed per item for any returned or paid insufficient item(s). Overdraft fees are applicable to all checking, money market, savings, and health savings accounts. At the Bank's discretion, we may elect to waive an overdraft fee.
Insufficient Funds and Overdrafts. We may return any item that is drawn against insufficient funds in your account. If we return any item that is drawn against insufficient funds, we will charge your account a “returned check fee” or “returned ACH fee”. Returned items may be represented for payment multiple times. A returned check fee or returned ACH fee may be imposed each time an item is resubmitted and returned due to insufficient funds. Any negative balance in your account is immediately due and payable, unless we agree otherwise in writing. We have the right to offset negative balances in your accounts using any funds, including Social Security funds that are deposited into any of your accounts at TruStone, excluding IRA and HSA funds. It is your responsibility to ensure funds are available in your account when you write a check, use your debit or ATM card, or authorize any other type of withdrawal.
Insufficient Funds and Overdrafts. It is your responsibility to know if there are sufficient available funds in your account before you write a check, make a cash withdrawal at an ATM, make a purchase with your debit card, or issue, initiate or authorize any other item for payment from your account. It is important that you carefully monitor your available balance and current balance, and promptly record in your account register all deposits and all items that you issue, initiate, or authorize for payment from your account. You should never assume that you can make a covering deposit to your account before an item will be presented to us for payment—items are often presented to us for payment very quickly and funds from your covering deposit may not be immediately available for withdrawal. You can avoid insufficient funds and overdraft charges by making sure that your available balance is always sufficient at the time all items, withdrawals, and payment transactions are presented to us for payment (including items that you have authorized but have not yet been presented to us for payment.) If your available balance is not sufficient to cover an item at the time of posting, the item will be posted provisionally to your account pending our decision to return or to pay the item. We have the right, in our sole discretion, to either (1) reverse the provisional posting of the item to your account and return the item to the payee as unpaid for insufficient funds, or (2) pay the item and create an overdraft in your account. Whether we decide to return the item as unpaid for insufficient funds or to pay such item and create an overdraft in your account will depend on various factors, such as the amount of the item and your banking history with us. You will incur, and we may debit from your account, an insufficient funds charge for each item returned for insufficient funds and an overdraft charge for each item that results in an overdraft. Please see your Schedule of Service Fees and Charges for details. After an item, such as a check or ACH transaction, is returned due to insufficient funds, the Bank may receive one or more additional requests to pay the intended payee. Each subsequent request is a separate item, and the Bank may assess and debit an insufficient funds charge or an overdraft charge for each request. If we pay an item and create an overdraft in your account, you must immediately repay that overdraft and any overdraft charge you incurred. You must also reimburse us for all costs and ex...
Insufficient Funds and Overdrafts. We may return any item that is drawn against insufficient funds in your account. If we return any item that is drawn against insufficient funds, we will charge your account the “ returned check fee” or the “ returned ACH fee”. Any negative balance in your account is immediately due and payable, unless we agree otherwise in writing. We have the right to offset negative balances in your accounts using any funds, including Social Security funds that are deposited into any of your accounts excluding IRA funds. It is your responsibility to ensure funds are available in your account when you write a check, use your debit or ATM card, or authorize any other type of withdrawal.
Insufficient Funds and Overdrafts. If we refuse to pay an item drawn on this account because of insufficient funds, we may charge the “insufficient funds” fee. If we pay the item which overdraws the account, we may charge the “overdraft” fee, and deduct the overdraft from the next deposit or use any other collection remedy. Even if we occasionally or regularly pay an item which creates an overdraft on your account, we are not required to do so. The fact that we paid such an item in the past does not mean that we are obligated to do so in the future.
Insufficient Funds and Overdrafts. We have no obligation to pay an Item unless you have Sufficient Available Funds in your Account when the Item is presented for payment against your Account. Items will be paid based on the order of posting identified in Section V.D below. If you do not have Sufficient Available Funds in your Account to pay an Item, we will attempt to reprocess the payment at the end of the Business Day. If you still do not have Sufficient Available Funds in your Account to pay the Item at the end of the Business Day the Item is presented, we will return the Item unpaid. If we are unable to return the Item, you will have an Overdraft on your Account. You agree to repay immediately the amount of any Overdraft. Failure to pay any such amounts in a timely manner may result in closure of your Account as provided in Section V.K below, reporting to credit bureaus, and referral to collection agencies. You authorize us to apply any deposit to your Account, including, for example, any federal or state benefit payments, against the amount of any Overdraft. You must change your direct deposit instructions by contacting the benefits payor if you do not want your federal and state benefits applied in this way. Please contact your benefits payor and follow its procedures to change your direct deposit instructions.
Insufficient Funds and Overdrafts. We have no obligation to pay any Item unless you have sufficient available funds in your Account when the Item is presented. Items will be paid based on the order of posting identified in Section
Insufficient Funds and Overdrafts. If your Account(s) is in an overdraft situation, we may, at our sole discretion, refuse a withdrawal request that is greater than the available funds in your Account(s), aggregated with any overdraft protection you may have. If we honor a draft, check, or transfer request that exceeds this amount, then you must pay the overdraft immediately, as well as any applicable fee when we notify you. If we honor one of your overdrafts, we are not obligated to do so in the future, and it should not be assumed that we will do so. Additionally, our payment of any check shall not subject the Bank to any limitation contained in a restrictive legend, inscription, message, requirement, or other limitation contained in or on the check.
Insufficient Funds and Overdrafts
