Common use of Withdrawal Limitations Clause in Contracts

Withdrawal Limitations. The Bank may refuse to allow a withdrawal from any account if the Bank has a good faith reason to do so, including, for example: (1) there is a dispute about your account or regarding the authority of an authorized person to transact business on your account; (2) we received a legal garnishment, attachment, court order, or other legal document that does not enable us to permit the withdrawal; (3) all or part of your account is pledged as collateral for a debt or otherwise assigned; (4) the withdrawal would consist of money that the Bank has taken to pay an overdue debt to the Bank; (5) any required documentation, item, or identification that we require, or the law requires, in connection with the withdrawal, has not been presented to us;