Common use of Returned Item Fee Clause in Contracts

Returned Item Fee. We will charge you a returned item fee whenever your payment is returned to us for insufficient funds or any other reason. The amount of this fee will be the lesser of (a) $20.00, or (b) the amount of the required minimum payment due immediately prior to the date the payment is returned. If both a late payment fee and a returned item fee could be charged in any one billing cycle, only the fee eligible to be assessed first will be charged (and not both fees).

Appears in 13 contracts

Samples: Mcu True Rewards Visa Cardholder Agreement, Cardholder Agreement, Cardholder Agreement

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Returned Item Fee. We will charge you a returned item fee whenever your payment is returned to us for insufficient funds or any other reason. The amount of this fee will be the lesser of (a) $20.0025.00, or (b) the amount of the required minimum payment due immediately prior to the date the payment is returned. If both a late payment fee and a returned item fee could be charged in any one billing cycle, only the fee eligible to be assessed first will be charged (and not both fees).

Appears in 3 contracts

Samples: Disclosure and Agreement, Disclosure and Agreement, Disclosure and Agreement

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Returned Item Fee. We will charge you a returned item fee whenever your payment is returned to us for insufficient funds or any other reason. The amount of this fee will be the lesser of (a) $20.00, or (b) the amount of the required minimum payment due immediately prior to the date the payment is returned. If both a late payment fee and a returned item fee could be charged in any one billing cycle, only the fee eligible to be assessed first will be charged (and not both fees).or

Appears in 2 contracts

Samples: Cardholder Agreement, Cardholder Agreement

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