Overpayments and Reversals. If any funds to which you are not entitled are deposited into your account for any reason, we may deduct these funds from your account, even if this causes your account to be overdrawn. If such funds were transferred from your account, we may reverse the transfer. We are not required to give you notice if we take this action.
Overpayments and Reversals. If funds to which you are not entitled are deposited to your account by mistake or otherwise, FSB may deduct these funds from your account, even if the deduction results in an overdraft. FSB can do this without giving you any prior notice or demand. Returned Items If a cashed or deposited item is returned to FSB at any time and for any reason, including for any breach of warranty claim, or according to any law, regulation, or rule (including a clearinghouse rule), by the bank on which it is drawn or any collecting bank, FSB may accept that return and charge the item back against your account without regard to whether the other bank finally paid the item or returned the item in accordance with any applicable midnight deadline or clearinghouse rule. FSB may debit your account for any interest you may have provisionally earned on the item. FSB may charge you a fee for each returned item. Different fees may apply to domestic and foreign items. FSB may debit your account for a returned item, including an indemnified copy of the original item, or an image replacement document (“IRD”), at any time on or after the business day it is returned to FSB by electronic, automated clearinghouse (“ACH”) or other means, or on the business day we receive notice that the item is being returned to FSB – whichever is earlier. FSB is not liable for any action or inaction to recover payment of a returned item. If one of your cashed or deposited items has been paid by the financial institution on which it is drawn and is later returned to FSB with a claim that there is a breach of warranty (for example, it bears a forged or missing endorsement or is altered in any way), that the item is counterfeit, bears an unauthorized signature, contains an encoding error, or should not have been paid for any other reason, FSB may debit your account for the amount of the item (plus any associated fees) and pay the amount to the claiming party. If you do not have sufficient available funds to cover a returned item, FSB may overdraw your account. FSB is not liable to you if there are insufficient funds to pay your items because FSB withdraws funds from your account or in any way restricts your access to funds due to a hold or debit to your account in connection with a returned item. You agree to immediately repay an overdraft caused by a return of a cashed or deposited item. In some cases the financial institution on which the returned check or other item is drawn may send an electronic notice of retur...
Overpayments and Reversals. If funds to which you are not entitled are deposited to your account by mistake or otherwise, USB may deduct these funds from your account, even if the deduction results in an overdraft. USB can do this without giving you any prior notice or demand.
Overpayments and Reversals. If funds are deposited or transferred into your Savings Account by mistake or otherwise, we may correct the situation by deducting the amount of the deposit or transfer from your Savings Account without prior notice to you. If there are not enough funds in your Savings Account at that time, your Savings Account could become overdrawn. See the "No Overdrafts" and "Right to Set Off" sections below for more information about what could occur if your Savings Account has a negative balance. No Deposits in Cash, Paper Checks or Foreign Currency We are not liable for any deposits, including cash, lost in the mail, lost in transit, or not received by us. ● Cash - We do not accept deposits made in cash. If you mail a cash deposit, the cash will be sent back to the address we have for you on file. ● Paper Checks - Personal checks, cashier's checks, and money orders may not be deposited by mail or in person. All checks and money orders sent to us for deposit will be returned unless the full amount may be applied towards a negative balance, in which case the check or money order may or may not be deposited to the Account at our discretion. ● Foreign Currency - We will only accept deposits or transfers in US Dollars. If you initiate a transfer to your Savings Account in a foreign currency, the funds will be automatically converted into US Dollars by the Platform prior to deposit in your Savings Account. See Platform rules for additional details.
