Common use of Return of Direct Deposits Clause in Contracts

Return of Direct Deposits. If we are required to reimburse the Federal 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 we may, without prior notice to you, deduct the amount returned to the Federal Government from your account 5 or from any other account you have with us, unless the deduction is prohibited by law. This right is in addition to any other rights we have under this Agreement, including our right to set off and our security interest in your account(s).

Return of Direct Deposits. If we are the Bank is required to reimburse the Federal Government or any other payor for all or any portion of any benefit payments deposited into your account through a direct deposit plan for any reason, you agree that we the Bank may, without prior notice to you, deduct the amount returned to the Federal Government or other payor from your account 5 or from any other account you have with usthe Bank, unless the deduction is prohibited by law. This right is in addition to any other rights we have the Bank has under this Agreement, including our its right to set off of setoff and our its security interest in your account(s)account.