Common use of Responsibility to Repay Clause in Contracts

Responsibility to Repay. You are responsiblefor any negative balances in your Account. This includes Overdrafts and anyassociated fees. If yourAccount remains negativefor 60 days ormore, your Account may becharged off. IfyourAccount is charged off it means the Account has a negative balance, is now closed and cannot be re-opened. Even though the Account is closed and charged off, you are still responsible for the negative balance. When an Account is charged off, we may reportyou tocredit reporting agencies.This may impactyour ability to open otherAccounts whether with us or at other financial institutions. You authorize us to use the moneyfrom anysubsequent deposits toyourAccount to payany Overdraft and resulting fees. Subsequent deposits include any federal or state benefit payments that you choose todeposit in anyAccount (including Social Securitybenefits), if allowed by applicable law. You understand and agree that if you do not want your benefits applied in thisway,you maychangeyourdirect deposit instructions at anytime. You agree to payall costs and expenses we incurin collecting anyOverdraft. We maystill pursuecollection ofthe amountyou owe (including taking legal action againstyou) afterit ischarged off.

Responsibility to Repay. You are responsiblefor any negative balances in your Account. This includes Overdrafts and anyassociated feesanyassociatedfees. If yourAccount IfyourAccount remains negativefor 60 days ormoreor more, your Account may becharged off. IfyourAccount is charged off it means the Account has a negative balance, is now closed and cannot be re-opened. Even though the Account is closed and charged off, you are still responsible for the negative balance. When an Account is charged off, we may reportyou tocredit to credit reporting agencies.This may impactyour ability to abilityto open otherAccounts whether with us or at other financial institutions. You authorize us to use the moneyfrom anysubsequent deposits toyourAccount to payany Overdraft and resulting fees. Subsequent deposits include any federal or state benefit payments that you thatyou choose todeposit to deposit in anyAccount (including Social SecuritybenefitsSecurity benefits), if allowed by applicable law. You understand and agree that if you do not want your benefits applied in thisway,you maychangeyourdirect deposit instructions at anytime. You agree to Youagreeto payall costs and expenses we incurin expenseswe incur in collecting anyOverdraft. We maystill pursuecollection ofthe of the amountyou owe (including owe(including taking legal action againstyou) afterit ischarged after it is charged off.