Common use of Order of Posting Clause in Contracts

Order of Posting. To the extent that applicable law allows, we may pay checks, transfers and withdrawals in any order we choose (for example, we may pay the largest items first), even if the order we choose results in there being insufficient funds to pay other checks, transfers and withdrawals that might have otherwise been paid. You understand that such order may change from time to time based on regulatory requirements, technology and industry standards. This includes the order in which we decide to authorize, accept, decline, pay or return credits, debits and holds on your account. This may include different timing for categories of Transactions based on how the Transaction is presented and administered by us. The posting order of Transactions to your account may vary based on the types of Transactions presented, their source and the respective cutoff times applicable for the systems utilized. As a result, the posting order to your account may be different from the order in which your Transactions actually occur. All of this will affect when Overdrafts occur, the Overdraft fees assessed and which of your Transactions we pay or return.