Payment of Overdrafts Payment of Overdrafts. 1. We are not obligated to pay any itempresented for payment if your account does not contain sufficient available funds. If we pay a transaction that overdraws your account, we are not obligated to continue paying such transactions in the future. We may pay all, some, or none of your overdrafts, without notice to you. If we do not authorize and pay an overdraft, then we decline or return the transaction unpaid. The Fee Schedule for your account explains when we charge you fees for overdraft and for declined or returned items and the dollar amount of the fees. Please review your Fee Schedule for your account carefully. You are liable to us to repay any overdrafts on your account whether you created them or not. If you do not pay us, and we take collection action against you, you agree to pay for our costs of collection. We may close, without notice, any account with excessive insufficient funds activity, and report the account to a consumer reporting agency.
Appears in 4 contracts
Samples: Master Account Agreement, Master Account Agreement, Master Account Agreement
