Return of Direct Deposits. If the Bank is required to reimburse the U.S. government for all or any portion of any benefit payments deposited into your account through a direct deposit plan for any reason, you agree that the Bank may, without prior notice to you, deduct the amount returned to the U.S. government from your account or from any other account you have with the Bank, unless the deduction is prohibited by law. In addition, the Bank reserves the right to reverse direct deposits made by your employer or others where the Bank in the exercise of its reasonable discretion determines that such deposit was erroneously or improperly deposited into your account. This right is in addition to any other rights the Bank has under this agreement, including its right of setoff and its security interest in your account.
Appears in 6 contracts
Samples: Deposit Account Agreement, Deposit Account Agreement, Deposit Account Agreement
