Common use of Verification of Deposits; Correction of Errors Clause in Contracts

Verification of Deposits; Correction of Errors. When we credit or debit your account for a deposit or other transaction, the amount of the credit or debit is subject to later verification and correction even if we issued you a receipt. We may reverse or otherwise adjust any transaction (credit or debit) that we believe we erroneously made to your account at any time without prior notice to you. There is no time limit within which we must make such a reversal or other adjustment. If funds are deposited to your account by mistake or inadvertence, we may deduct those funds from your account at any time, without prior notice to you, even if this causes your account to become overdrawn. Any resulting overdrawn balance and related overdraft charges will be your responsibility, and you must immediately return your account to a positive balance.

Appears in 3 contracts

Samples: Deposit Account Agreement, Deposit Account Agreement, Deposit Account Agreement

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Verification of Deposits; Correction of Errors. When we credit or debit your account for a deposit or other transaction, the amount of the credit or debit is subject to later verification and correction correction, even if we issued you a receipt. We may reverse or otherwise adjust any the transaction (credit or debit) that we believe we erroneously made to your account at any time without prior notice to you. There is no time limit within which we must make such a reversal or other adjustment. If funds to which you are not entitled are deposited to your account by mistake or inadvertenceotherwise, we may deduct those funds from your the account at any time, without prior notice to you, even if this causes your account to become overdrawn. Any resulting overdrawn balance and related overdraft charges will be your responsibility, and you must immediately return your account to a positive balance.

Appears in 2 contracts

Samples: Account Agreement, Account Agreement

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Verification of Deposits; Correction of Errors. When we credit or debit your account for a deposit or other transaction, the amount of the credit or debit is subject to later verification verification and correction correction, even if we issued you a receipt. We may reverse or otherwise adjust any the transaction (credit or debit) that we believe we erroneously made to your account at any time without prior notice to you. There is no time limit within which we must make such a reversal or other adjustment. If funds to which you are not entitled are deposited to your account by mistake or inadvertenceotherwise, we may deduct those funds from your the account at any time, without prior notice to you, even if this causes your account to become overdrawn. Any resulting overdrawn balance and related overdraft charges will be your responsibility, and you must immediately return your account to a positive balance.

Appears in 1 contract

Samples: Account Agreement

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