Common use of Insufficient Funds and Overdrafts Clause in Contracts

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. 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 the funds in your accountavailable balance and current balance, and promptly record in your account register all of your deposits to, and all items that you issue, initiate initiate, or authorize for payment from, 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 payment—items are often presented to us for payment very quickly, 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 available balance is always contains sufficient funds to cover at the time all of your withdrawals items, withdrawals, and payment transactions. 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 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 the following actions based on transaction type, which may result in your account if paid will depend upon the type of item, and those actions are as followsincurring an overdraft or insufficient funds charge: If you are a Consumer Banking customer and are not covered by one of our Overdraft Protection Services described below, and you prefer that we authorize your “onetimeone-time” (“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.