Insufficient Funds and Overdrafts. Your Account Balances - Your checking account has two balances that determine whether you will be assessed an overdraft or a non-sufficient funds fee: the “Daily Collected Balance” and the “Available balance.” It is important to understand how the two balances are calculated and how they are used to know when you may be charged Insufficient Funds Charges. Your Daily Collected Balance is all of your deposits, less transactions paid, and less transactions that you have preauthorized and for which a merchant has requested a hold (typically these are transactions made with your debit card over the MasterCard network – without entering your “PIN.”). Your Available Balance is all of your deposits, less any holds on deposits per our Funds Availability Policy, less transactions paid, and less preauthorized holds. A temporary debit authorization hold affects your Available Balance - On debit card purchases, merchants may request a temporary hold on your account for a specified sum of money, which may be more or less than the actual amount of your purchase. When this happens, our processing system cannot determine that the amount of the hold exceeds or is less than the actual amount of your purchase. This temporary hold, and the amount charged to your account, will eventually be adjusted to the actual amount of your purchase, but it may be up to three days before the adjustment is made. Until the adjustment is made, the amount of funds in your Available Balance for other transactions will be reduced by the amount of the temporary hold. If another transaction (other than one made with your debit card) is presented for payment in an amount greater than the funds left after the deduction of the temporary hold amount your available balance, that transaction may be declined or returned pursuant to the descriptions below. For everyday (non-recurring) debit card and ATM transactions, you must opt-in to have us cover your overdrafts. If you do not opt-in, and a merchant asks us to authorize a transaction that exceeds your Available Balance, we will decline the transaction without assessing any fee. Other overdraft sources. In addition to the below overdraft program, the Bank offers customers a line of credit (if eligible) and a “draw account service,” which links your other eligible accounts to your checking account to avoid overdrafts. The cost for the line of credit is the applicable interest rate. And the cost of a transfer from another eligible account is $10.00 per tra...
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 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 the funds in your account, and promptly record in your account register all of your deposits to, and 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 because items are often presented to us for payment very quickly, and because 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 account always contains sufficient funds to cover all of your withdrawals and payment transactions. If you do not use an Overdraft Protection Service, then the actions that we are authorized to take in connection with an item presented to us for payment from your account and that would create an overdraft in your account if paid will depend upon the type of item, and those actions are as follows: If you are not covered by one of our Overdraft Protection Services described below, and you prefer that we authorize your “onetime” (“everyday”) debit card transactions for payment when your available balance is not sufficient to cover them, then you should consider our Debit Card Overdraft Authorization and Enrollment.
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 a check, in-person withdrawal, or transaction made by other electronic means, hereafter referred to as an item, is drawn on this account and there are not sufficient funds to pay the item, we may pay or refuse to pay the item and charge the Insufficient Funds fee. If we pay a debit Point of Sale transaction which overdraws the account, we may charge the Overdraft fee – POS and deduct the overdraft from the next deposit or use any other collection remedy. If we pay an item which is presented against uncollected funds, we may charge the Uncollected Funds fee. More than one Insufficient Funds, Overdraft - POS, or Uncollected Funds fee may be charged against your account per day, depending on the number of items presented on the same day. Transactions may not be processed in the order in which they occurred. The order in which transactions are received and processed by the bank can affect the amount of fees you may incur. Fees may be imposed on both paper and electronic transfers. We do not in any way obligate ourselves to pay any item which would overdraw this account, regardless of the frequency with which we may do so as a matter of practice. You authorize us to obtain a credit bureau report on any accountholder in the event that it becomes necessary to collect overdrafts on your account. If we enlist the services of an attorney for collection purposes, we have the right to collect reasonable attorney's fees and court costs from you.
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. 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. 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. 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 (as applicable to your account) 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 you are a Consumer Banking customer and you do not use an Overdraft Protection Service, we are authorized to take the following actions based on transaction type:
