Common use of Overdrafts; Order of Payments Clause in Contracts

Overdrafts; Order of Payments. It is your responsibility to ensure adequate funds or credit is available in an account from which you instruct us to make a transfer or payment. The Financial Institution reserves the right to determine, at its sole discretion, the posting order of transactions if funds are withdrawn from any of your accounts by means of electronic fund transfers (EFT) (such as pre‐authorized Automated Clearing House ACH transactions), other than through the online service on the same business day as the online service transaction and if the account contains insufficient funds to enable both to be made. You are fully obligated to provide sufficient funds for any payments or transfers you make or authorize to be made. If we complete a payment or transfer that you make or authorize and we subsequently learn that you have insufficient funds for the transaction, you agree to reimburse us upon our demand, and you further agree that we may reverse the transaction or offset the shortage with funds from any other deposit account(s) you have with us to the extent permitted by applicable law and the terms of any other relevant agreements.

Overdrafts; Order of Payments. It is your responsibility to ensure adequate funds that you have enough money or credit is available in an account from which you instruct us to make a transfer payment or paymenttransfer. The Financial Institution reserves the right to determine, at its sole discretion, the posting order of transactions if If funds are withdrawn from any of your accounts by means of electronic fund transfers (EFT) (such as pre‐authorized Automated Clearing House ACH transactions)transfers, other than through the The online service on the same business day as the a The online service transaction transaction, and if the account contains insufficient funds to enable both the electronic fund transfer and the online service transfer to be made, the transfers will be made in the order determined by the Bank, in its sole discretion. You are fully obligated to us to provide sufficient funds for any payments or transfers you make or authorize to be made. If we complete a payment or transfer that you make or authorize and we subsequently learn that you have insufficient funds for the transaction, you agree to reimburse us upon our demand, and you further agree that we may reverse the transaction or offset the shortage with funds from any other deposit account(s) you have with us to the extent permitted by the applicable law and the terms of any other relevant agreements.