Common use of Negative Balances Clause in Contracts

Negative Balances. If you do not have enough money in your account to cover the amount of a transaction (e.g., teller cash withdrawal or other electronic transaction), we may reject the transaction without payment. We may elect, however, in our sole discretion to create a negative balance in your account by permitting the transaction. If your account balance drops below zero, you agree to pay the amount of the overdraft promptly, without notice or demand from us. You agree that we may use subsequent deposits and other credits to the account to cover any negative balance existing in your account, to the fullest extent permitted by law. Our allowance of transactions that create negative balances in no way obligates us to continue that practice at a later time. We may discontinue permitting negative balances without cause or notice to you. We discourage the practice of overdrawing accounts

Negative Balances. If you do not have enough money in your primary deposit account to cover the amount of a transaction (e.g., teller cash withdrawal withdrawal, bill payment, or other electronic transaction), we may reject the transaction without payment. We may elect, however, in our sole discretion to create a negative balance in your account Account by permitting the transaction. If we permit a negative balance or otherwise allow your account Account balance drops to drop below zero, you agree to pay the amount of the overdraft promptly, without notice or demand from us, by depositing funds. You agree that we may use subsequent deposits and other credits to the account Account to cover any negative balance existing in your accountAccount, to the fullest extent permitted by lawlaw and in accordance with Section 10.s. titled “Security Interest & Setoff” below. Our allowance of transactions that create negative balances in no way obligates us to continue that practice at a later time. We may discontinue permitting negative balances without cause or notice to you. We discourage the practice of overdrawing accountsAccounts.

Negative Balances. If you do not have enough money in your account to cover the amount of a check or other transaction (e.g., teller cash withdrawal withdrawal, xxxx payment, or other electronic transaction), we may return the check or reject the transaction without payment. We may elect, however, in our sole discretion to create a negative balance in your account by paying the check or permitting the transaction. If we permit a negative balance or otherwise allow your account balance drops to drop below zero, you agree to pay the amount of the overdraft promptly, without notice or demand from us. You agree that we may use subsequent deposits and other credits to the account account, including without limitation, money in your Money Vault, to cover any negative balance existing in your account, to the fullest extent permitted by law. Our payment of any checks or allowance of transactions that create negative balances in no way obligates us to continue that practice at a later time. We may discontinue permitting negative balances without cause or notice to you. We discourage the practice of overdrawing accounts.

Negative Balances. If you do not have enough money in your account to cover the amount of a transaction (e.g., teller cash withdrawal or other electronic transaction), we may reject the transaction without payment. We may elect, however, in our sole discretion to create a negative balance in your account by permitting the transaction. If your account balance drops below zero, you agree to pay the amount of the overdraft promptly, without notice or demand from us. You agree that we may use subsequent deposits and other credits to the account to cover any negative balance existing in your account, to the fullest extent permitted by law. Our allowance of transactions that create negative balances in no way obligates us to continue that practice at a later time. We may discontinue permitting negative balances without cause or notice to you. We discourage the practice of overdrawing accounts.