Returned Transactions. In some instances, when we are unable to complete an External Transfer because that transfer is returned, you will receive a return notice from us. In each such case, you agree that: A. You will reimburse us immediately upon demand the External Transfer amount that has been returned to us; B. For any amount not reimbursed to us within fifteen (15) days of the initial notification, a late charge equal to one and a half percent (1.5%) monthly interest or the legal maximum, whichever rate is lower, for any unpaid amounts may be imposed; C. You may be assessed a fee by our Service Provider and by us if the External Transfer is returned because you have insufficient funds in your Transaction Account to cover the requested transfer or if we cannot otherwise collect the funds from you; the fee amount will be as set forth in the Personal Account Fee Schedule you receive from us or as stated in your account agreement with us. You hereby authorize us to deduct these amounts from your designated Transaction Account by ACH debit; D. You will reimburse us and our Service Provider for any fees or costs we or they incur in attempting to collect the amount of the return from you; E. We and our Service Provider are authorized to report the facts concerning the return to any credit reporting agency.
Appears in 2 contracts
Samples: Electronic Records Disclosure & Agreement, Electronic Records Disclosure & Agreement
Returned Transactions. In some instances, when we are unable to complete an External Transfer because that transfer is returned, you will receive a return notice from us. In each such case, you agree that:
A. You will reimburse us immediately upon demand the External Transfer amount that has been returned to us;
B. For any amount not reimbursed to us within fifteen (15) days of the initial notification, a late charge equal to one and a half percent (1.5%) monthly interest or the legal maximum, whichever rate is lower, for any unpaid amounts may be imposed;
C. You may be assessed a fee by our Service Provider and by us if the External Transfer is returned because you have insufficient funds in your Transaction Account to cover the requested transfer or if we cannot otherwise collect the funds from you; the fee amount will be as set forth in the Personal Account Consumer Fee Schedule you receive from us or as stated in your account agreement with us. You hereby authorize us to deduct these amounts from your designated Transaction Account by ACH debit;
D. You will reimburse us and our Service Provider for any fees or costs we or they incur in attempting to collect the amount of the return from you;
E. We and our Service Provider are authorized to report the facts concerning the return to any credit reporting agency.
Appears in 2 contracts
Samples: Electronic Records Disclosure & Agreement, Electronic Records Disclosure & Agreement
