Payment Order of Items. When processing checks drawn on your Account, the Bank’s policy is to pay them in check number order. Lower numbered checks are paid first. Items without check numbers, such as electronic transactions, post first before checks presented are processed. The order in which items are paid is important if there is not enough money in your Account to pay all of the items that are presented. There is no policy that is favorable in every instance. If the smallest items are paid first, you may have fewer NSF or overdraft fees, but the largest, and perhaps more important items (such as rent or mortgage payments) might not be paid. However, if the largest items are paid first, your most important items might be paid but it may increase the overdraft or NSF fees if funds are not available to pay all of the items. The Bank’s policy attempts to attain a reasonable balance between minimizing additional cost to you and paying your more important items, given the assumption you desire to have checks paid in the order you wrote them. If an item is presented without sufficient funds in your Account to pay it, Bank may, at its discretion, pay the item (creating or increasing an overdraft) or return the item for NSF. The Bank may charge fees for overdrafts and NSF and such fees are disclosed in the Schedule. Additionally, a merchant may present an item or payment multiple times if the amount of money in your Account is not sufficient at the time of presentment of the item or payment. An NSF fee may apply each time an item or payment is presented; regardless of the number of times the item or payment is presented. The Bank encourages you to make careful records and practice good Account management. This will help you to avoid creating items without sufficient funds and incurring the resulting fees. Withdrawal Restrictions and Overdrafts Any signer on the Account, acting alone, has the authority to make withdrawals or transfers of all or any part of the Account balance at any time. Each Account owner (until Bank receives written notice to the contrary and Bank has had a reasonable opportunity to act on such written notice) authorizes each other person who signs or has authority to make withdrawals, as documented on the applicable signature card, to endorse any item payable to you or your order for deposit to the Account or any other transaction with Bank. Each Account owner also agrees to be jointly and severally liable for any Account shortage resulting from charges or overdraf...
Payment Order of Items. The order in which items are presented may affect the fees assessed to your account. Most transactions are posted when you conduct them. The following transactions are generally posted real time or very near real time: Transactions you conduct at a Summit Branch or through our Member Service Center Transactions you conduct at shared branching locations Your ATM deposits* and withdrawals PIN Based Debit Card Transactions Transfers you conduct using our automated phone system (“Quik Xxxx”) Transfers you conduct using our Online Banking or Mobile Banking platforms For signature-based debit card transactions (see Section 12(b) for additional information), a merchant will usually seek prior authorization for a transaction. When that happens, an authorization hold is placed on your account. However, the subsequent posting (also referred to as “settlement”) of the transaction may lag hours or days based on when the merchant presents the transaction to the Credit Union for posting. We post settlement transactions at the time the Credit Union receives them. *Note that funds availability rules apply and funds deposited on a real time basis may not be made available immediately. For example, checks you deposit may be subject to uncollected funds holds. See our Funds Availability Policy for details. For ACH entries and checks, which are received in batch files, the Credit Union posts the transactions in the order in which they are received.
Payment Order of Items. The order in which items are paid is important if there is not enough money in your account to pay all of the items that are presented. The payment order can affect the number of items overdrawn or returned unpaid and the amount of the fees you may have to pay. To assist you in managing your account, we are providing you with the following information regarding how we process items presented to or received by us on the same business day. Our policy is to post deposits first. ATM withdrawals; debit card transactions; ACH credits and WEB transfers are posted as they are received throughout the day. ACH Debits are posted in the afterhours. Checks arriving on the same day will be posted smallest check amount to largest check amount. If an item other than an ATM or everyday debit card transaction is presented without sufficient funds in your account to pay it, we may, at our discretion, pay the item or return the item for insufficient funds. We encourage you to make careful records and practice good account management. This will help you to avoid creating items without sufficient funds and potentially incurring the resulting fees. Refer to the Fee Schedule. Terms and Conditions-WA Bankers Systems* TC-WA 6/30/2013 Wolters Kluwer Financial Services - 2009, 2012 Page 7 of 7
Payment Order of Items. The law permits us to pay items drawn on your account in any order (for purposes of this section "items" means checks, orders and other electronic transactions). To assist you in handling your account with us, we are providing you with the following information regarding how we process those items. TRANSACTION PROCESSING METHODOLOGY: Generally, the Bank processes your transactions in the following order: 1) Internal bank transactions/transfers; 2) ATM and other Cash Withdrawals; 3) Debit Card Transactions; 4) ACH; and 5) Checks. All categories are posted from smallest to largest dollar amount except for checks, which are posted in sequential order. The order in which items are paid is important if there is not enough money in your account to pay all the items that are presented. There is no policy that is favorable in every instance. If the smallest items are paid first, you may have fewer NSF or overdraft fees, but the largest and perhaps more important items (such as rent or mortgage payments) might not be paid. However, if the largest items are paid first, your most important items might be paid but it may increase the overdraft or NSF fees if funds are not available to pay all of the items. DEPOSIT ADJUSTMENTS:
Payment Order of Items. The order in which items are presented may affect the total fees incurred by a customer. First, we process electronic items in the order in which they are received. Over the counter items are then processed in the order they are received. All other items shall be processed in serial number order. Additional Information - Your account agreement describes the duties, obligations, and rights of depositors, authorized signatories and the bank with regard to your deposit accounts. That account agreement is incorporated herein for all purposes as if it were set forth verbatim as to matters not directly addressed by this disclosure. Your account agreement and this disclosure shall be construed so as to minimize conflicts between them.
Payment Order of Items. The law permits Stifel Bank to pay items (such as checks or drafts) drawn on your Account in any order. To assist you in handling your Account, we are provid- ing you with the following information regarding how Stifel Bank processes these items that you write. When processing items drawn on your Account, Stifel Bank’s general policy is to pay ATM payments first, followed by other electronic items and checks ac- cording to the dollar amount. Stifel Bank pays the smallest items first. The order in which items are paid is important if there are not sufficient funds in your Account to pay all of the items that are presented. If an item is presented without sufficient funds in your Account to pay it, Stifel Bank may, at their discretion, pay the item (creating an overdraft) or return the item (NSF). The amounts of the overdraft and NSF fees are disclosed in Section VII, We en- courage you to make careful records and practice good account management. This will help you to avoid writing checks or drafts without sufficient funds and incurring the resulting fees.
Payment Order of Items. The law permits us to pay items (such as checks or drafts) drawn on your Online Account in any order. To assist you in handling your Online Account with us, we are providing you with the following information regarding how we process items drawn on your Online Account. When processing items drawn on your Online Account, our policy is to pay them in the order that they are received. The order in which items are paid is important if there is not enough money in your Online Account to pay all of the items that are presented. There is no policy that is favorable in every instance. If the smallest items are paid first, you may have fewer NSF or overdraft fees, but the largest, and perhaps more important items (such as rent or mortgage payments) might not be paid. If an item is presented without sufficient funds in your Online Account to pay it, we may, at our discretion, pay the item (creating an overdraft) or return the item (NSF). The amounts of the overdraft and NSF fees are disclosed elsewhere. By paying items in the order that we receive them, we think our policy attains a reasonable balance between minimizing additional cost to you and paying your more important items. We encourage you to make careful records and practice good account management. This will help you to avoid writing checks or drafts without sufficient funds and incurring the resulting fees.
Payment Order of Items. The law permits Stifel Bank to pay items (such as checks or drafts) drawn on your Account in any order. To assist you in handling your Account, we are provid- ing you with the following information regarding how Stifel Bank processes these items that you write. When processing items drawn on your Account, Stifel Bank’s general policy is to pay ATM payments first, followed by other electronic items and checks ac- cording to the dollar amount. Stifel Bank pays the smallest items first. The order in which items are paid is important if there are not sufficient funds in your Account to pay all of the items that are presented. If an item is presented without sufficient funds in your Account to pay it, Stifel Bank may, at their discretion, pay the item X. Banking Services Agreement – Checks, ACH Transactions, and Cards (Stifel|ONE Accounts) (creating an overdraft) or return the item (NSF). The amounts of the overdraft and NSF fees are disclosed in Section VII, We en- courage you to make careful records and practice good account management. This will help you to avoid writing checks or drafts without sufficient funds and incurring the resulting fees.
