Our Right to Set Off. If you ever owe us money as a borrower, guarantor, or otherwise, and it becomes due, we have the right under the law (called set-off) to use the money from your account to pay the debt. We may charge against any of your accounts any debt you owe us, now or in the future, without going through any legal process or court proceedings.
Our Right to Set Off. If your Varo Bank Account balance remains negative for fifteen (15) days, we can use the funds in any of your accounts with us to repay the negative balance of the Varo Bank Account. This means we have the right to set-off any liability, direct or contingent, past, present or future that you owe against any account you have with us. Further, you grant us a lien on and security interest in the funds on deposit in each of your account(s) as security for all of your liabilities and obligations to us, now or in the future.
Our Right to Set Off. You agree that we can use any funds you have deposited or invested with us (or which we otherwise owe you) to pay down the amount of any unpaid debt which is overdue under this Agreement at any time.
Our Right to Set Off. If you do not meet the Qualifying Conditions, or you met the Qualifying Conditions and did not opt in to the No Fee Overdraft Program, and the Varo Bank Account balance remains negative for fifteen (15) days, we can use the funds in any of your accounts with us to repay the negative balance of the Varo Bank Account. The Qualifying Conditions appear in the Addendum to the Varo Bank Account: Terms & Conditions for No Fee Overdraft Program ("Addendum"). The Addendum appears on our website and in the Legal Agreements section of our iOS and Android mobile applications. This means we have the right to set-off any liability, direct or contingent, past, present or future that you owe against any account you have with us. Further, you grant us a lien on and security interest in the funds on deposit in each of your account(s) as security for all of your liabilities and obligations to us, now or in the future. We will notify you by email if we have exercised our right to set off.
Our Right to Set Off. If you do not meet the Qualifying Conditions, or you met the Qualifying Conditions and did not opt in to the No Fee Overdraft Program, and the Varo Bank Account balance remains negative for fifteen (15) days, we can use the funds in any of your accounts with us to repay the negative balance of the Varo Bank Account. The Qualifying Conditions appear in the Addendum. This means we have the right to set-off any liability, direct or contingent, past, present or future that you owe against any account you have with us. Further, you grant us a lien on and security interest in the funds on deposit in each of your account(s) as security for all of your liabilities and obligations to us, now or in the future. We will notify you by email if we have exercised our right to set off.
Our Right to Set Off. If you ever owe us money as a borrower, guarantor, or otherwise, and it becomes due, we have the right under the law (called offset) to use the money from your Card to pay the debt. We may charge against any of your accounts any debt you owe us, now or in the future, without going through any legal process or court proceedings.
Our Right to Set Off. If your Bank Account balance remains negative for five (5) days, we can use the funds in any of your accounts with us to repay the negative Bank Account balance. This means we have the right to set-off any liability, direct or contingent, past, present or future that you owe against any account you have with us. Further, you grant us a lien on and security interest in the funds on deposit in each of your account(s) as security for all of your liabilities and obligations to us, now or in the future.
Our Right to Set Off. Unless prohibited by applicable law, you give us a lien against the Account and the right to “set-off” and apply any funds in the Account or in the process of being collected, or in any other Accounts held by you with the Bank, against any debt that you may owe us, even if the debt is not related to this Agreement or the Account. We can use this right no matter what the terms of the debt are and even if the debt is not yet due. We do not have to tell you before we assert these rights. If we exercise our right of set-off against funds in a CD of yours, the funds that we set-off will be considered an early withdrawal and an early withdrawal penalty may be imposed.
