Overdrafts: Order of Payments, Transfers, Other Withdrawals – Electronic Funds Transfers Sample Clauses

Overdrafts: Order of Payments, Transfers, Other Withdrawals – Electronic Funds Transfers. If your Account has insufficient funds (including any funds available to you under an overdraft protection plan linked to the Account) to perform all electronic funds transfers that you have requested for a given Business Day: (a) certain electronic funds transfers will have priority in accordance with the applicable terms and conditions for the Account; (b) at the Bank's absolute discretion, the electronic funds transfers initiated through Online Banking may be rejected or may be honored so as to result in an overdraft of your Account, which overdraft would be subject to your immediate repayment and to our standard overdraft fees imposed pursuant to the Miscellaneous Fee Schedule; (c) our decision to allow an overdraft on one or more occasions will not obligate us to make the same decision in the future; (d) we may suspend or cancel your Online Banking Services; and (e) we reserve the right to determine the sequence in which we pay drafts on your Account and in what order items will be debited to your account. Items and transactions (such as, for example, checks and electronic transactions/payments) returned unpaid due to insufficient/non- sufficient funds (“NSF”) in your account, may be resubmitted one or more times for payment, and a returned item/transaction fee will be imposed on you each time an item and transaction resubmitted for payment is returned due to insufficient/non-sufficient funds.