Restrictions and Overdraft Protection. We may put a hold on funds in your Account or otherwise restrict withdrawals or transfers from the Account to an amount that is lower than the Authorization Limit. We reserve the right to reject any Debit Card transaction or Advantage Check for any reason, unless prohibited by law, including without limitation because of an insufficient Authorization Limit, and you will be solely liable for any consequences of the rejected transaction. Overdraft protection is not available for your Account. It is important to keep track of the balances in your Account before you make purchases, withdrawals, write checks, or initiate other transactions. In the event, however, that an Advantage Check is presented for an amount in excess of your free credit balance and Sweep Program and you have a sufficient margin loan value in your Brokerage Account to cover it, we will use this source to loan you the money. You authorize us to advance the amount of such transaction(s) from the available margin loan value of your Brokerage Account, if any, Certain fees may also apply. If your Account ends with a debit balance (such as when a merchant submits a transaction for payment without requesting authorization from us), you are responsible for and must immediately repay the amount of any debit balance and any interest as indicated in the Cash Account and Margin Account sections of your General or Basic Brokerage Account Agreement and Disclosure. If your Authorization Limit is insufficient at the time an Advantage Check or Debit Card transaction or electronic fund transfer is presented for payment, the Advantage Check may be returned or that transaction rejected without payment. In some cases, we may pay the Advantage Check or Debit Card transaction, causing a negative balance in your Account. However, we are not obligated to make any such payment.
Restrictions and Overdraft Protection. We may put a hold on funds in your Account or otherwise restrict withdrawals or transfers from the Account to an amount that is lower than the Authorization Limit. We reserve the right to reject any Debit Card transaction or Advantage Check for any reason, unless prohibited by law, including without limitation because of an insufficient Authorization Limit, and you will be solely liable for any consequences of the rejected transaction. Overdraft protection is not available for your Account. It is important to keep track of the balances in your Account before you make purchases, withdrawals, write checks, or initiate other transactions. In the event, however, that an Advantage Check is presented for an amount in excess of your free credit balance and Sweep Program and you have a sufficient margin loan value in your Brokerage Account to cover it, we will use this source to loan you the money. You authorize us to advance the amount of such transaction(s) from the available margin loan value of your Brokerage Account, if any.
