Unpaid Items Sample Clauses

Unpaid Items. If we decide not to pay a check or other item drawn on your account, we may return the original, an image or a copy of the item, or we may send an electronic notice of return and keep the original, an image or a copy of the item in our records. If we send an electronic notice of return, you agree that any person who receives that electronic notice may use it to make a claim against you to the same extent and with the same effect as if we had returned the original item. Substitute Checks and Your Rights The following provisions help explain some of the rights a consumer has under a federal law commonly referred to as Check 21. Check 21 was enacted to increase the efficiency of the U.S. check clearing system. The clearing system relies heavily on the physical transport of checks between banks. Check 21 allows banks to create substitute checks and present them to other banks instead of the original check. This reduces the transport of checks among banks and helps enable the electronic collection of checks. What is a substitute check? To make check processing faster, federal law permits banks to replace original checks with “substitute checks.” These checks are similar in size to original checks with a slightly reduced image of the front and back of the original check. The front of a substitute check states: “This is a legal copy of your check. You can use it the same way you would use the original check.” You may use a substi- tute check as proof of payment just like the original check. Some or all of the checks that you receive back from us may be substitute checks. This notice describes rights you have when you receive substitute checks from us. The rights in this notice do not apply to original checks or to electronic debits to your account. However, you have rights under other law with respect to those transactions. What are my rights regarding substitute checks? In certain cases, federal law provides a special procedure that allows you to request a refund for losses you suffer if a substitute check is posted to your account (for example, if you think that we withdrew the wrong amount from your account or that we withdrew money from your account more than once for the same check). The losses you may attempt to recover under this procedure may include the amount that was withdrawn from your account and fees that were charged as a result of the withdrawal (for example, bounced check fees). The amount of your refund under this proce- dure is limited to the amoun...
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Unpaid Items. If we decide not to pay a check or other item drawn on your account, we may return the original, an image or a copy of the item or we may send an electronic notice of return and keep either the original, an image or a copy of the item in our records. If we send an electronic notice of return, you agree that any person who receives that electronic notice may use it to make a claim against you to the same extent and with the same effect as if we had returned the original item.
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Unpaid Items i. Must be debited individually on the Bank Statements and bear the same unique identifier reference as the original deposit.
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Unpaid Items. If we decide not to pay a check or other item drawn on your Account, we may return the original, an image or a copy of the item or we may send an electronic notice of return and keep the original, image or copy of the item in our records. If we send an electronic notice of return, you agree that any person who receives that electronic notice may use it to make a claim against you to the same extent and with the same effects as if we had returned the original item.
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Unpaid Items. If we decide not to pay a check or other item drawn on your account due to non-sufficient funds, we may either return the original or a copy of the item. Alternatively, we may send an electronic notice of return and keep the original or a copy of the item in our records. If we send an electronic notice of return, you agree that any person who receives that electronic notice may use it to make a claim against you to the same extent and with the same effect as if we had returned the original item. Checks and Signatures Check Forms: We strongly encourage you to use checks provided by us or our designated vendor. Checks that you obtain on your own must meet our requirements, including paper stock, dimensions and other industry standards. You agree that you will not use any checks that contain background designs, prints or colors that interfere with our or any other bank’s ability to produce a digital image of your check. We reserve the right to refuse checks that do not meet these standards. We are not liable for any losses that result from your failure to follow our standards. Foreign Currency Checks: You may not write checks or other withdrawal orders on your account that order payment in a foreign currency. Checks you write must be in U.S. Dollars. Post-dated, Incomplete, Conditional Checks: You agree not to write post-dated (future- dated), incomplete, or conditional checks. We have no duty to comply with postdated, incomplete, or conditional checks and may pay such checks. We are not liable for accepting for deposit, paying, refusing to pay, or rejecting any such item. If we pay a conditional check, the conditions do not apply to us. Stale-Dated Checks: A stale-dated check is a check dated more than six months before it is presented. We may choose to pay or not to pay a stale-dated check, even if the presentment occurs after the expiration of a stop payment order. Substitute Checks, Indemnified Copies, Images, and Image Replacement Copies: We may receive an indemnified copy of your original check, an image replacement document (“IRD”), a substitute check, or an electronic image of your check, instead of the original. We may act upon presentment of any such version of your check and pay it just as if the original item had been presented.
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Unpaid Items. You are solely responsible for verifying that a Check(s) that you deposit by using the Service have been received and accepted for deposit by the Credit Union. The Credit Union will provide you with notice of any deposits that it is unable to process because Check(s) were returned unpaid by the payer financial institution. You agree to accept such notices at your email address on file with us, but we may choose any reasonable method for providing such notices to you. In the event that the Credit Union credits your Account for a Check that is subsequently dishonored and returned, you authorize the Credit Union to debit the amount of such Check plus any associated fees from the Account. To the extent that funds in your Account are insufficient to cover such amount, we shall debit the deficiency amount from any of your other Account(s) with the Credit Union in our sole discretion. Our right to charge your Account(s) will apply without regard to whether the Check was timely returned or whether there is any other claim or defense that the Check was improperly returned. You understand and agree, that since the original Check is your property, it will not be returned and the Credit Union may charge back an image of the Check, an ACH debit, or other electronic or paper debit, as applicable, to your Account. Your further agree that any image that we charge back may be in the form of an electronic or paper reproduction of the original Check or a substitute Check. You may not use the Service to deposit a substitute Check and you may not deposit the original Check through the Service or in any other manner if you receive a dishonored Check. You agree to comply with any additional instructions we may provide to you in connection with returned Checks. Funds Availability. For purposes of deposits made using the Service, you understand and agree that: • Deposits received via the Service are processed on business days, which are Monday Thru Friday, excluding holidays, until 3:00 p.m. Eastern Standard Time (EST); until 12:00 p.m. • Deposits that we receive AFTER 3:00 p.m. daily will not be deposited to your account until the end of the following business day. Deposits made after 3:00 p.m. EST on a Friday that is a business day, and at any time on a Saturday, Sunday, or holiday, will not be deposited into your Account until the end of the next business day that we are open; • The earliest that funds deposited after 3:00 p.m. via the Service will be available for withdrawal o...
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Unpaid Items. In the event that any check or other order for the payment of money is returned unpaid for any reason, the Transfer Agent shall promptly notify the Trust of the non-payment.
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Unpaid Items. The Companies will use all reasonable efforts to ensure that the amount of Unpaid Items and Assumed Indebtedness is as low as possible.
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Unpaid Items. With respect to any item that you transmit to us by Mobile Deposit that we credit to your account, in the event such item is dishonored, you authorize us to debit the amount of such item from your account, including any applicable fees. Please see Prime Financial Credit Union’s current Fee Schedule. Storage and Destruction of Original Checks You understand and agree that you will retain possession of the original check for a period of thirty (30) calendar days, during which time you will ensure the safety and integrity of the original check. You understand and agree that, at the expiration of this thirty (30) calendar day period, you MUST destroy the original check via a commercially acceptable means of destruction, including shredding (preferably via a cross-cut shredder), burning or pulverizing the original check, after which the image will be the only evidence of the original check. You understand and agree that it is your responsibility to establish and maintain appropriate procedures and controls to safeguard the original check and to prevent any further use. You agree that you will notify us IMMEDIATELY if you learn of the loss or theft of an original check, an image of which was transmitted via Mobile Deposit for deposit to an account. You understand and agree that, during such time as you retain the original check, that we may require you to make the original check available to us within fourteen (14) calendar days, at your expense. You further agree that if you fail to provide the original check to us within fourteen (14) calendar days, we may reverse the deposit made to the account, and that you will be responsible for any loss incurred by you, the account owner or us as a result of such reversal. You understand and agree that once an image of a check has been transmitted via Mobile Deposit, the original check may never again be used for any purpose, particularly for deposit. Any violation of this provision may result in immediate termination of your access to Mobile Deposit, and the recovery of any loss incurred by the Credit Union for any violation of this provision will be pursued by any collection means available to us. Errors in Transmission You understand and agree that, by your use of Mobile Deposit, you accept all risk that an image or other information may be intercepted or misdirected during transmission. Further, you understand and agree that the Credit Union bears no liability to you or anyone else for any such intercepted or misdirec...
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Related to Unpaid Items

  • Returned Items You are solely responsible for any Item for which you have been given provisional credit, and any such Item that is returned or rejected may be charged to your Account. You acknowledge that all credits received for deposits made through the Service are provisional, subject to verification and final settlement. Any Item that we return to you will be returned in the form of an Image or an IRD.

  • Unpaid Amounts For the purpose of determining an Unpaid Amount in respect of the relevant Transaction, and to the extent permitted by applicable law, interest will accrue on the amount of any payment obligation or the amount equal to the fair market value of any obligation required to be settled by delivery included in such determination in the same currency as that amount, for the period from (and including) the date the relevant obligation was (or would have been but for Section 2(a)(iii) or 5(d)) required to have been performed to (but excluding) the relevant Early Termination Date, at the Applicable Close-out Rate.

  • Finance Charges In the case of any transactions under Your Account, the balances subject to the periodic Finance Charge are the average daily transactions balances outstanding during the month (including new transactions). To get the average daily balance for purchases, We take the beginning balance of purchases on Your Account each day, add any new purchases, debit adjustments or other charges and subtract any payments, credits and unpaid Finance Charges. This gives Us the daily balance for purchases. Then, We add up all these daily balances for the billing cycle and divide them by the number of days in the billing cycle. The result is the average daily balance for purchases. The Finance Charge for a billing cycle is then computed by multiplying the average daily balance subject to a Finance Charge by the Monthly Periodic Rate. Your due date is at least 25 days after the close of each billing cycle. You can avoid Finance Charges on purchases by paying the full amount of the entire balance owed each month by the due date. Otherwise, the new balance of purchases, and subsequent purchases from the date they are posted to Your Account, will be subject to a Finance Charge. To get the average daily balance for balance transfers, We take the beginning balance of balance transfers on Your Account each day, add any new balance transfers, debit adjustments or other charges and subtract any payments, credits and unpaid Finance Charges. This gives Us the daily balance for balance transfers. Then, We add up all these daily balances for the billing cycle and divide them by the number of days in the billing cycle. The result is the average daily balance for balance transfers. The Finance Charge for a billing cycle is then computed by multiplying the average daily balance subject to a Finance Charge by the Monthly Periodic Rate. Balance transfers are always subject to a Finance Charge from the later of the date they are posted to Your Account or from the first day of the billing cycle in which the balance transfer is posted to Your Account. To get the average daily balance for cash advances, We take the beginning balance of cash advances on Your Account each day, add any new cash advances, debit adjustments or other charges and subtract any payments, credits and unpaid Finance Charges. This gives Us the daily balance for cash advances. Then, We add up all these daily balances for the billing cycle and divide them by the number of days in the billing cycle. The result is the average daily balance for cash advances. The Finance Charge for a billing cycle is then computed by multiplying the average daily balance subject to a Finance Charge by the Monthly Periodic Rate. Cash advances are always subject to a Finance Charge from the later of the date they are posted to Your Account or from the first day of the billing cycle in which the cash advance is posted to Your Account. The total Finance Charge You owe for each billing cycle is the sum of all the Finance Charges due for the balances of purchases, balance transfers and cash advances. For VISA CU SoCal Topaz, balance transfer transactions obtained within the first 90 days of Account opening, will be subject to a discounted introductory Monthly Periodic Rate of % (corresponding to an ANNUAL PERCENTAGE RATE of %) for a period of nine months from the date of each such balance transfer. Upon the expiration of the nine month Introductory Rate period for each transferred balance, the Monthly Periodic Rate applicable to the transferred balance existing at that time and in the future will immediately increase to the non-introductory variable rate that would otherwise apply. The minimum FINANCE CHARGE that You will be required to pay in any billing cycle that a Finance Charge is due is $0.50. VARIABLE RATE. For purchases, balances are subject to a Variable Rate which is based on the highest Prime Rate as published in the money rates section of The Wall Street Journal in effect on the last day of each calendar quarter of each year ("Index") plus Our Margin. The Index plus the Margin equals the Interest Rate. Changes in the Index will cause changes in the Interest Rate on the first day of the billing cycle of the month immediately following any such change in the Index. For VISA CU SoCal Topaz balance transfers, following the expiration of any Introductory Rate period applicable to the transferred balance, such balance is subject to a Variable Rate which is based on the highest Prime Rate as published in the money rates section of The Wall Street Journal in effect on the last day of each calendar quarter of each year ("Index") plus Our Margin. The Index plus the Margin equals the Interest Rate. Changes in the Index will cause changes in the Interest Rate on the day that any Introductory Rate period for the transferred balance expires, and subsequently, on the first day of the billing cycle of the month immediately following any such change in the Index. For VISA Platinum Rewards and Secured VISA Platinum Rewards balance transfers, balances are subject to a Variable Rate which is based on the highest Prime Rate as published in the money rates section of The Wall Street Journal in effect on the last day of each calendar quarter of each year ("Index") plus Our Margin. The Index plus the Margin equals the Interest Rate. Changes in the Index will cause changes in the Interest Rate on the first day of the billing cycle of the month immediately following any such change in the Index. For cash advances, balances are subject to a Variable Rate which is based on the highest Prime Rate as published in the money rates section of The Wall Street Journal in effect on the last day of each calendar quarter of each year ("Index'') plus Our Margin. The Index plus the Margin equals the Interest Rate. Changes in the Index will cause changes in the Interest Rate on the first day of the billing cycle of the month immediately following any such change in the Index.

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