Common use of Insufficient Funds to Pay Checks and Other Items Clause in Contracts

Insufficient Funds to Pay Checks and Other Items. If the available balance of funds in a checking account are not suffi- cient to pay a check or other item presented on the account, we may return it for insufficient funds, and require a service charge for the dishonored check or item (as explained in Provision 9.). You under- stand we have no duty to notify you if there are insufficient funds to pay your check or other items drawn on an account: this is a matter you must pay attention to and are responsible for. If we pay a check or transfer that exceeds the available balance in an account, you agree to immediately repay us the amount of the paid check or trans- fer and any charge for that service, unless otherwise addressed by the MSA or other contract with you. If we pay a check or transfer that exceeds your available balance, it does not mean we will pay a check or transfer that overdraws an account in the future. If we charge an account you have with us for any obligation you owe, you understand the balance thereafter may be insufficient to pay a check or item drawn on the account, and we will rightfully refuse to pay the check or item for insufficient funds. If we return an item for insufficient funds, the payee (or the payee’s institution) may re-present it. Each pre- sentment against insufficient funds will result in a separate fee. Fi- xxxxx, if we are repeatedly presented with checks or items drawn on an account for insufficient funds, we may consider that account abuse and may terminate the account.

Appears in 2 contracts

Samples: Member Service Agreement, Member Service Agreement

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Insufficient Funds to Pay Checks and Other Items. If the available balance of funds in a checking account are not suffi- cient suf- ficient to pay a check or other item presented on the account, we may return it for insufficient funds, and require a service charge for the dishonored check or item (as explained in Provision 9.). You under- stand understand we have no duty to notify you if there are insufficient funds to pay your check or other items drawn on an account: this is a matter you must pay attention to and are responsible for. If we pay a check or transfer that exceeds the available balance in an account, you agree to immediately repay us the amount of the paid check or trans- fer transfer and any charge for that service, unless otherwise addressed by the MSA BSA or other contract with you. If we pay a check or transfer that exceeds your available balance, it does not mean we will pay a check or transfer that overdraws an account in the future. If we charge an account you have with us for any obligation you owe, you understand the balance thereafter may be insufficient to pay a check or item drawn on the account, and we will rightfully refuse to pay the check or item for insufficient funds. If we return an item for insufficient funds, the payee (or the payee’s institution) may re-present it. Each pre- sentment presentment against insufficient funds will result in a separate fee. Fi- xxxxxFinally, if we are repeatedly presented with checks or items drawn on an account for insufficient funds, we may consider that account abuse and may terminate the account.

Appears in 2 contracts

Samples: Business Service Agreement, Business Service Agreement

Insufficient Funds to Pay Checks and Other Items. If the available balance of funds in a checking account are not suffi- cient sufficient to pay a check or other item presented on the account, we may return it for insufficient funds, and require a service charge for the dishonored check or item (as explained in Provision 9.). You under- stand understand we have no duty to notify you if there are insufficient funds to pay your check or other items drawn on an account: this is a matter you must pay attention to and are responsible for. If we pay a check or transfer that exceeds the available balance bal- ance in an account, you agree to immediately repay us the amount of the paid check or trans- fer transfer and any charge for that service, unless otherwise addressed by the MSA or other contract with you. If we pay a check or transfer that exceeds your available balance, it does not mean we will pay a check or transfer that overdraws an account in the future. If we charge an account you have with us for any obligation you owe, you understand the balance thereafter may be insufficient to pay a check or item drawn on the account, and we will rightfully refuse to pay the check or item for insufficient insuf- ficient funds. If we return an item for insufficient funds, the payee (or the payee’s institution) may re-present it. Each pre- sentment against insufficient funds will result in a separate fee. Fi- xxxxxFinally, if we are repeatedly presented with checks or items drawn on an account for insufficient funds, we may consider that as account abuse and may terminate the account.

Appears in 1 contract

Samples: Member Service Agreement

Insufficient Funds to Pay Checks and Other Items. If the available balance of funds in a checking account are not suffi- cient suf- ficient to pay a check or other item presented on the account, we may return it for insufficient funds, and require charge you a service charge fee for the dishonored check or item (as explained in Provision 9.). You under- stand understand we have no duty to notify you if there are insufficient funds to pay your check or other items drawn on an account: this is a matter you must pay attention to and are responsible for. If we pay a check or transfer that exceeds the available balance in an account, you agree to immediately repay us the amount of the paid check or trans- fer transfer and any charge fee for that service, unless otherwise addressed ad- dressed by the MSA BSA or other contract with you. If we pay a check or transfer that exceeds your available balance, it does not mean we will pay a check or transfer that overdraws an account in the future. If we charge an account you have with us for any obligation you owe, you understand the balance thereafter may be insufficient to pay a check or item drawn on the account, and we will rightfully refuse to pay the check or item for insufficient funds. If we return an item for insufficient funds, the payee (or the payee’s institution) may re-present it. Each pre- sentment presentment against insufficient funds will result in a separate fee. Fi- xxxxxFinally, if we are repeatedly presented with checks or items drawn on an account for insufficient funds, we may consider that account abuse and may terminate the account.

Appears in 1 contract

Samples: Business Service Agreement

Insufficient Funds to Pay Checks and Other Items. If the available balance of funds in a checking account are not suffi- cient sufficient to pay a check or other item presented on the account, we may return re- turn it for insufficient funds, and require a service charge for the dishonored check or item (as explained in Provision 9.). You under- stand un- derstand we have no duty to notify you if there are insufficient funds to pay your check or other items drawn on an account: this is a matter you must pay attention to and are responsible for. If we pay a check or transfer that exceeds the available balance in an account, you agree to immediately repay us the amount of the paid check or trans- fer transfer and any charge for that service, unless otherwise addressed by the MSA BSA or other contract with you. If we pay a check or transfer that exceeds your available balance, it does not mean we will pay a check or transfer that overdraws an account in the future. If we charge an account you have with us for any obligation you owe, you understand the balance thereafter may be insufficient to pay a check or item drawn on the account, and we will rightfully refuse to pay the check or item for insufficient insuffi- cient funds. If we return an item for insufficient funds, the payee (or the payee’s institution) may re-present it. Each pre- sentment against insufficient funds will result in a separate fee. Fi- xxxxxFinally, if we are repeatedly presented with checks or items drawn on an account for insufficient funds, we may consider that as account abuse and may terminate the account.

Appears in 1 contract

Samples: Business Service Agreement

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Insufficient Funds to Pay Checks and Other Items. If the available balance of funds in a checking account are not suffi- cient sufficient to pay a check or other item presented on the account, we may return it for insufficient funds, and require a service charge for the dishonored check or item (as explained in Provision 9.). You under- stand understand we have no duty to notify you if there are insufficient funds to pay your check or other items drawn on an account: this is a matter you must pay attention to and are responsible for. If we pay a check or transfer trans- fer that exceeds the available balance in an account, you agree to immediately repay us the amount of the paid check or trans- fer transfer and any charge for that service, unless otherwise addressed by the MSA or other contract with you. If we pay a check or transfer that exceeds your available balance, it does not mean we will pay a check or transfer trans- fer that overdraws an account in the future. If we charge an account you have with us for any obligation you owe, you understand the balance thereafter may be insufficient to pay a check or item drawn on the account, and we will rightfully refuse to pay the check or item for insufficient funds. If we return an item for insufficient funds, the payee (or the payee’s institution) may re-present it. Each pre- sentment against insufficient funds will result in a separate fee. Fi- xxxxxFinally, if we are repeatedly presented with checks or items drawn on an account for insufficient funds, we may consider that as account abuse and may terminate the account.

Appears in 1 contract

Samples: Member Service Agreement

Insufficient Funds to Pay Checks and Other Items. If the available balance of funds in a checking account are not suffi- cient to pay a check or other item presented on the account, we may return it for insufficient funds, and require charge a service charge fee for the dishonored check or item (as explained in Provision 9.). You under- stand understand we have no duty to notify you if there are insufficient funds to pay your check or other items drawn on an account: this is a matter you must pay attention to and are responsible for. If we pay a check or transfer trans- fer that exceeds the available balance in an account, you agree to immediately repay us the amount of the paid check or trans- fer transfer and any charge fee for that service, unless otherwise addressed by the MSA or other contract with you. If we pay a check or transfer that exceeds your available balance, it does not mean we will pay a check or transfer trans- fer that overdraws an account in the future. If we charge an account you have with us for any obligation you owe, you understand the balance thereafter may be insufficient to pay a check or item drawn on the account, and we will rightfully refuse to pay the check or item for insufficient funds. If we return an item for insufficient funds, the payee (or the payee’s institution) may re-present it. Each pre- sentment present- ment against insufficient funds will result in a separate fee. Fi- xxxxxFinally, if we are repeatedly presented with checks or items drawn on an account for insufficient funds, we may consider that account abuse and may terminate the account.

Appears in 1 contract

Samples: Member Service Agreement

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