Common use of Return of Deposited Items Clause in Contracts

Return of Deposited Items. If a check or other item you deposit or we cash is returned to us for any reason, at any time, we may debit your account for the amount of the check or item without regard to whether the bank on which the check or item was drawn returned it before its midnight deadline. Furthermore, if after a check or other item deposited into your account is finally paid, it is returned to us by the bank on which it is drawn because someone has made a claim that the check or other item was altered, forged, unauthorized, or should not have been paid for some other reason, we may debit your account for its amount. All returns of checks or other items discussed in this section are hereinafter referred to as “Returned Deposited Items.” In each of the foregoing situations, we may also debit your account for any interest you may have provisionally earned on the amount of the Returned Deposited Item. In some cases the financial institution on which the Returned Deposited Item is drawn may send us an electronic notice of return instead of returning it. We may act on, and you agree to be bound by, the electronic notice of return just as if the original check or item had been returned. We may debit your account for the amount of the Returned Deposited Item at any time on or after the day it is returned to us by electronic or other means, or the day we receive notice that it is being returned to us – whichever is earlier. If you have insufficient available funds to cover the amount of the Returned Deposited Item, we may overdraw your account in accordance with this Agreement. You agree to repay us the amount of such overdrafts immediately. For each Returned Deposited Item that was drawn in a foreign currency, we will charge your account the U.S. dollar equivalent of the item. We may calculate the U.S. dollar equivalent by using our applicable exchange rate that is in effect when we process the Returned Deposited Item. We may charge you a fee for each Returned Deposited Item. The amount of such fee(s) is disclosed in our Fee Schedule.

Return of Deposited Items. If a check or other item you deposit or we cash is returned to us for any reason, at any time, we may debit your deposit account for the amount of the check or item without regard to whether the bank on which the check or item was drawn returned it before its midnight deadline. Furthermore, if after a check or other item deposited into your deposit account is finally paid, it is returned to us by the bank on which it is drawn because someone has made a claim that the check or other item was altered, forged, unauthorized, or should not have been paid for some other reason, we may debit your deposit account for its amount. All returns of checks or other items discussed in this section are hereinafter referred to as “Returned Deposited Items.” In each of the foregoing situations, we may also debit your deposit account for any interest you may have provisionally earned on the amount of the Returned Deposited Item. In some cases the financial institution on which the Returned Deposited Item is drawn may send us an electronic notice of return instead of returning it. We may act on, and you agree to be bound by, the electronic notice of return just as if the original check or item had been returned. We may debit your deposit account for the amount of the Returned Deposited Item at any time on or after the day it is returned to us by electronic or other means, or the day we receive notice that it is being returned to us – us—whichever is earlier. If you have your available balance is insufficient available funds to cover the amount of the Returned Deposited Item, we may overdraw your deposit account in accordance with this Agreement. You agree to repay us the amount of such overdrafts immediately. For each Returned Deposited Item that was drawn in a foreign currency, we will charge your deposit account the U.S. dollar equivalent of the item. We may calculate the U.S. dollar equivalent by using our applicable exchange rate that is in effect when we process the Returned Deposited Item. We may charge you a fee for each Returned Deposited Item. The amount of such fee(s) is disclosed in our Fee Rates and Fees Schedule.

Return of Deposited Items. If a check or other item you deposit or we cash is returned to us for any reason, at any time, we may debit your account for the amount of the check or item without regard to whether the bank on which the check or item was drawn returned it before its midnight deadline. Furthermore, if after a check or other item deposited into your account is finally paid, it is returned to us by the bank on which it is drawn because someone has made a claim that the check or other item was altered, forged, unauthorized, or should not have been paid for some other reason, we may debit your account for its amount. All returns of checks or other items discussed in this section are hereinafter referred to as “Returned Deposited Items.” In each of the foregoing situations, situations we may also debit your account for any interest you may have provisionally earned on the amount of the Returned Deposited Item. In some cases the financial institution on which the Returned Deposited Item is drawn may send us an electronic notice of return instead of returning it. We may act on, and you agree to be bound by, the electronic notice of return just as if the original check or item had been returned. We may debit your account for the amount of the Returned Deposited Item at any time on or after the day it is returned to us by electronic or other means, or the day we receive notice that it is being returned to us – whichever is earlier. If you have insufficient available funds to cover the amount of the Returned Deposited Item, we may overdraw your account in accordance with this Agreement. You agree to repay us the amount of such overdrafts immediately. For each Returned Deposited Item that was drawn in a foreign currency, we will charge your account the U.S. dollar equivalent of the item. We may calculate the U.S. dollar equivalent by using our applicable exchange rate that is in effect when we process the Returned Deposited Item. We may charge you a fee for each Returned Deposited Item. The amount of such fee(s) is disclosed in our Fee Scheduleyour Schedule of Fees, as may be amended from time to time.

Return of Deposited Items. If a check or other item you deposit or we cash is returned to us for any reason, at any time, we may debit your account for the amount of the check or item without regard to whether the bank on which the check or item was drawn returned it before its midnight deadline. We may also, in our sole discretion, represent the check for payment. If we choose to do this, you agree to waive your right to receive immediate notice of dishonor. Furthermore, if after a check or other item deposited into your account is finally paid, it is returned to us by the bank on which it is drawn because someone has made a claim that the check or other item was altered, forged, unauthorized, or should not have been paid for some other reason, we may debit your account for its amount. All returns of checks or other items discussed in this section are hereinafter referred to as “Returned Deposited Items.” ”. In each of the foregoing situations, situations we may also debit your account for any interest you may have provisionally earned on the amount of the Returned Deposited Item. In some cases the financial institution on which the Returned Deposited Item is drawn may send us an electronic notice of return instead of returning it. We may act on, and you agree to be bound by, the electronic notice of return just as if the original check or item had been returned. We may debit your account for the amount of the Returned Deposited Item at any time on or after the day it is returned to us by electronic or other means, or the day we receive notice that it is being returned to us – whichever is earlier. If you have insufficient available funds to cover the amount of the Returned Deposited Item, we may overdraw your account in accordance with this Agreement. You agree to repay us the amount of such overdrafts immediately. For each Returned Deposited Item that was drawn in a foreign currency, we will charge your account the U.S. dollar equivalent of the item. We may calculate the U.S. dollar equivalent by using our applicable exchange rate that is in effect when we process the Returned Deposited Item. We may charge you a fee (a “Returned Check Fee”) for each Returned Deposited Item. The amount of such fee(s) Returned Check Fee is disclosed in our Fee Scheduleyour Schedule of Fees, as may be amended from time to time.