Common use of SECURITY INTEREST; SETOFF Clause in Contracts

SECURITY INTEREST; SETOFF. You grant us a security interest in your account, including all current and future deposits, for amounts owing to us now and/or in the future under this agreement or under any account service agreement by any owner. We may charge or set off funds in your account for any direct, indirect and/or acquired obligations that you owe us now and/or in the future, regardless of the source of the funds in the account, to the fullest extent permitted by law. If you have a negative balance in your account due to your use of Overdraft Protection or for other reasons discussed in Section 10 titled “We Use The Available Balance Method” or Section 11 titled “Discretionary Overdraft Protection”, we will automatically deduct the negative balance amount from any current or future funds on this or any other account you open or maintain (including your High- Yield Savings Account and any other Green Dot Bank accounts or prepaid cards).

Appears in 2 contracts

Samples: And Mobile Banking Agreement, And Mobile Banking Agreement

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SECURITY INTEREST; SETOFF. You grant us a security interest in your account, including all current and future deposits, for amounts owing to us now and/or in the future under this agreement or under any account service agreement by any owner. We may charge or set off funds in your account for any direct, indirect and/or acquired obligations that you owe us now and/or in the future, regardless of the source of the funds in the account, to the fullest extent permitted by law. If you have a negative balance in your account due to your use of Overdraft Protection or for other reasons discussed in Section 10 titled “We Use The Available Balance Method” or Section 11 titled “Discretionary Overdraft Protection”, we will automatically deduct the negative balance amount from any current or future funds on this or any other account you open or maintain (including your High- Yield Savings Account Money Vault account and any other Green Dot Bank accounts or prepaid cards).

Appears in 1 contract

Samples: Account Agreement

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SECURITY INTEREST; SETOFF. You grant us a security interest in your account, including all current and future deposits, for amounts owing to us now and/or in the future under this agreement or under any account service agreement by any owner. We may charge or set off funds in your account for any direct, indirect and/or acquired obligations that you owe us now and/or in the future, regardless of the source of the funds in the account, to the fullest extent permitted by law. If you have a negative balance in your account due to your use of Overdraft Protection or for other reasons discussed in Section 10 titled “We Use The Available Balance Method” or Section 11 titled “Discretionary Overdraft Protection”, we will automatically deduct the negative balance amount from any current or future funds on this or any other account you open register or maintain (including your High- Yield Savings Account Money Vault account and any other Green Dot Bank accounts or prepaid cards).

Appears in 1 contract

Samples: Account Agreement

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