Common use of Overdrafts and Dishonored Items. Overdrafts Clause in Contracts

Overdrafts and Dishonored Items. Overdrafts. If on any day the available funds on your account are not sufficient to pay checks, drafts, debit card, ACH debits, fees, returned items and other items posted to your account those amounts will be subject to our overdraft procedures or an overdraft protection plan you have established for your account. We are not required to pay any items that will exceed the available balance for your account or that will cause the approved credit limit on an overdraft protection plan to be exceeded. The available balance for your account is determined by our funds availability policy. Whether the balance in your account is sufficient to pay an item may be determined at any time between presentation of the item and our midnight deadline with only one review of the account required. Items drawn on your account may be paid in any order we choose. We may return any item and are not required to notify you if your account or overdraft credit limit does not contain sufficient funds to pay the item. However, we may, at our discretion pay items that overdraw your account. By paying an item drawn on insufficient funds we do not agree to pay such items in the future. We may charge fees to your account, as set forth in our business account rate sheet(s) and fee schedule(s), for items drawn on insufficient funds regardless of whether we pay the item or return it. If we pay an item, impose a fee or post an item that overdraws your account, you must repay the amount according to requirements of our overdraft policy. We may, but are not required to, provide you with any notice of recent overdrafts on your account. However, if we do provide such notice in our sole discretion, we will generally provide any such notice via e-mail and will not provide such notice via mail or other paper format. If you wish to receive any such notice of recent overdrafts, you must provide us with your e-mail address and must ensure