Presentment of Debit Transactions. All checks and items drawn on your account, and other items or instructions seeking to debit money from your account (such as in-person withdrawals at our branch, Automated Clearing House (“ACH”) debits, Card transactions, online bill payment and/or transfer instructions, automatic transfers, and/or other forms of electronic fund transfers) are all individually and collectively considered “Debit Transactions” on your account. The decision to pay Xxxxx Transactions, or to return them unpaid, is made on the day that the Debit Transaction is presented to us. Our decision to pay or return your Debit Transaction is based on funds available in your account and other factors (for example, whether there are any withdrawal limits applicable for the account). We may determine your account balance for the purpose of deciding to pay or return your Debit Transaction at any time between the receipt of such presentment and the return of the item. No more than one such determination need be made. Your check may be presented to us as an electronic withdrawal. This may occur if (a) the holder of your check converts it into an electronic fund transfer or (b) if your check is returned by us, the holder may re-present it as an electronic fund transfer and charge a fee for the return. Your authorization of these electronic fund transfers may be in express form, or may be implied from posting a sign or delivery of a notice indicating the intent of the recipient of the check to present it electronically. It is the responsibility of the holder of the check, and is not our responsibility, to provide you with proper notice and to receive your authorization in these cases.
Presentment of Debit Transactions. All checks and items drawn on your account, and other items or instructions seeking to debit money from your account (such as Card transactions, in-person withdrawals at our branch, automated clearinghouse (“ACH”) debits, online bill payment and/or transfer instructions, telephone transfers, automatic transfers, and/or other forms of electronic fund transfers) are all individually and collectively considered “Debit Transactions” on your account. The decision to pay Xxxxx Transactions, or to return them unpaid, is made on the day that the Debit Transaction is presented to us. Our decision to pay or return your Debit Transaction is based on funds available in your account and other factors (for example, whether there are any withdrawal limits applicable for the account). We may determine your account balance for the purpose of deciding to pay or return your Debit Transaction at any time between the receipt of such presentment and the return of the item. No more than one such determination need be made.
Presentment of Debit Transactions. Our decision to pay or return a Debit Transaction, or return it unpaid, is made in conformity with the method described above. If we receive electronic notification that a check you wrote has been deposited for collection in another financial institution, we may make the decision to return or pay the check on the date that we receive such notification rather than the date on which the paper check may be presented to us for payment. Additionally, we may make a decision to pay or return an item that, but for a third party error, would qualify as a substitute check. Our decision to pay or not pay a Debit Transaction is based on the available balance in your deposit account and other factors, including whether there are any withdrawal limits applicable to your deposit account. A determination of your deposit account balance for the purpose of deciding whether to pay a check or other Debit Transaction may be made at any time between the receipt of such presentment (or notice from another financial institution that has deposited it for collection) and the return of the item.
