Sufficiency of Available Funds Sample Clauses

Sufficiency of Available Funds. You authorize the Bank to charge, debit, or withdraw the necessary funds from your designated Bank account on the delivery or transfer date you designate. • You agree that you will instruct us to make a withdrawal only when a sufficient balance is or will be available in your accounts at the time of the withdrawal. • The completion of a transfer or payment is subject to the availability of sufficient funds (including any applicable overdraft protection plans) at the time the transaction is posted. If enough funds to complete the transfer or payment are not available, we may either (i) complete the transaction and overdraw the account, or (ii) refuse to complete the transaction. In either case, we may charge a non-sufficient funds (NSF), returned item, overdraft, or similar fee. Please refer to the applicable account agreement and fee schedule for details. • At our option, we may make a further attempt to issue the payment or process the transfer request. • The Bank is under no obligation to inform you if it does not complete a payment or transfer because there are non-sufficient funds or credit in your account to process the transaction. In this case, you are responsible for making alternate arrangements, or rescheduling the payment or transfer through use of Online Banking.
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Sufficiency of Available Funds. You agree that you will instruct the Bank to make a transfer only when a sufficient balance is or will be available in your accounts at the time of the transfer. In the event your transfer account does not have sufficient funds to make the transfer as of the date the transfer is scheduled to be made, the transfer will not be made, regardless of later deposits. In the case of future or recurring transfers, only the current transfer will be impacted by insufficient funds; transfers scheduled for future dates will not be affected. The Bank shall have no obligation or liability if it does not complete a transfer because there are insufficient funds in your accounts to process the transfer. Additionally, the Bank is under no obligation to inform you if it does not complete a transfer because of insufficient funds.
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