Common use of Overdrafts and Available Balance Clause in Contracts

Overdrafts and Available Balance. Your Available Balance (and not Current Balance) is used to determine when your Account is overdrawn. It is very important to understand you may still overdraw your Account even though the Available Balance appears to show there are sufficient funds to cover a transaction that you want to make. This is because your Available Balance may not reflect all of your outstanding Checks and automatic bill payments that you have authorized, or other outstanding transactions that have not been Posted to your Account. For example, an outstanding Check will not be reflected in your Available Balance until it is presented to us and Posted to your Account.

Overdrafts and Available Balance. Your Available Balance (and not Current Balance) is used to determine when your Account is overdrawn. It is very important to understand you may still overdraw your Account even though the Available Balance appears to show there are sufficient funds to cover a transaction that you want to make. This is because your Available Balance may not reflect all of your outstanding Checks and automatic bill payments that you have authorized, or other outstanding transactions that have not been Posted to your Account. For example, an outstanding Check will not be reflected in your Available Balance until it is presented to us and Posted to your Account. To avoid overdrafts, it is very important for you to keep track of all transactions you have made in your Account.

Overdrafts and Available Balance. Your Available Balance (and not Current Balance) is used to determine when your Account is overdrawn. It is very important to understand you may still overdraw your Account even though the Available Balance appears to show there are sufficient funds to cover a transaction that you want to make. This is because your Available Balance may not reflect all of your outstanding Checks and automatic bill xxxx payments that you have authorized, or other outstanding transactions that have not been Posted to your Account. For example, an outstanding Check will not be reflected in your Available Balance until it is presented to us and Posted to your Account. To avoid overdrafts, it is very important for you to keep track of all transactions you have made in your Account.