Common use of Sufficient Funds; Overdrafts; Offset Clause in Contracts

Sufficient Funds; Overdrafts; Offset. When Customer transmits a transfer or payment request or instruction to the Bank, Customer represents and warrants that it has sufficient funds in its account for that purpose and authorizes the Bank to charge the designated account for the amount indicated. The Customer shall at all times maintain sufficient available funds in its account to pay the amount indicated and the fees, and other amounts that the Customer is obligated to pay the Bank under this Agreement. If Customer’s account does not have sufficient available funds, the Bank may reject the transaction. The Bank’s allowance of any overdraft will not obligate the Bank to honor future overdrafts at a later time, and the Bank may refuse to do so without cause or prior notice. The Bank may charge a fee for each payment or transfer request presented against insufficient available funds. The Bank may, without prior notice or demand, obtain payment of any amount due and payable to it under this Agreement by debiting the Customer’s designated account. If there are insufficient funds available in the Customer’s designated account the Customer agrees that the Bank may debit any account maintained by the Customer with the Bank or that the Bank may set off against any amount it owes to the Customer, in order to obtain payment of the Customer’s obligations and Customer shall pay any amounts due immediately upon demand.

Sufficient Funds; Overdrafts; Offset. When Customer transmits you transmit a transfer funds transfer, or payment request order or instruction to the Bank, Customer represents you represent and warrants warrant that it has you have sufficient funds in its your account for that purpose and authorizes authorize the Bank to charge the designated account for the amount indicated. The Customer You shall at all times maintain sufficient available funds in its your account to pay the amount indicated and the fees, and other amounts that the Customer is you are obligated to pay the Bank under this Agreement. If Customer’s the designated account does not have sufficient available funds, the Bank may reject the transaction. The Bank’s allowance of any overdraft will not obligate the Bank to honor future overdrafts at a later time, and the Bank may refuse to do so without cause or prior notice. The Bank may charge a fee for each payment order or funds transfer request presented against insufficient available funds. The Bank may, without prior notice or demand, obtain payment of any amount due and payable to it under this Agreement by debiting the Customer’s your designated account. If there are insufficient funds available in the Customer’s your designated account the Customer agrees account, you agree that the Bank may debit any account maintained by the Customer you with the Bank or that the Bank may set off against any amount it owes to the Customeryou, in order to obtain payment of the Customer’s your obligations and Customer you shall pay any amounts due immediately upon demand.

Sufficient Funds; Overdrafts; Offset. When Customer transmits a transfer or funds transfer, payment request order or instruction to the Bank, Customer represents and warrants that it has sufficient funds in its account for that purpose and authorizes the Bank to charge the designated account for the amount indicated. The Customer shall at all times maintain sufficient available funds in its account to pay the amount indicated and the fees, and other amounts that the Customer is obligated to pay the Bank under this Agreement. If Customer’s the designated account does not have sufficient available funds, the Bank may reject the transaction. The Bank’s allowance of any overdraft will not obligate the Bank to honor future overdrafts at a later time, and the Bank may refuse to do so without cause or prior notice. The Bank may charge a fee for each payment order or funds transfer request presented against insufficient available funds. The Bank may, without prior notice or demand, obtain payment of any amount due and payable to it under this Agreement by debiting the Customer’s designated account. If there are insufficient funds available in the Customer’s designated account the Customer agrees that the Bank may debit any account maintained by the Customer with the Bank or that the Bank may set off against any amount it owes to the Customer, in order to obtain payment of the Customer’s obligations and Customer shall pay any amounts due immediately upon demand.