WITHDRAWAL RULES. The following terms apply to withdrawals from your Account: Manner of Withdrawal. You may make withdrawals from your Account in any manner that is permitted by us for the type of account that you have opened. Withdrawals by mail will be posted to your Account as of the day the transaction is processed by us. We may refuse to cash any check other than standard checks provided by us, or approved by us in advance. Withdrawals and transfers from your Account may be restricted as provided in the Agreement, or in the Schedule or by applicable law. Withdrawal Restrictions and Overdrafts. We will not allow you to make a cash withdrawal from your Account if you don’t have sufficient funds available in the account to cov er the full amount of the withdrawal. If there are available funds to cover some, but not all, of the withdrawals or other debits to your Account on a single business day, we will post the checks for which there are sufficient funds in sequential check number order. We may pay other withdrawals or debit items (such as charges) prior to paying any checks and we may post those other withdrawals or debit items in the order those items are presented to us during normal business hours or in low to high order if presentment occurs after normal business hours. We will handle each overdraft in accordance with our Overdraft Policy (described below) or in accordance with any overdraft agreement you may have with us. If we choose to pay one or more overdrafts, we are not obligated to cover any future overdrafts. We are not required to determine your Account balance more than one (1) time each business day.
Appears in 1 contract
Samples: Deposit Account Agreement
WITHDRAWAL RULES. The following terms apply to withdrawals from your Account: (A) Manner of Withdrawal. You may make withdrawals from your Account in any manner that is permitted by us for the type of account Account that you have opened. Withdrawals by mail will be posted to your Account as of the day the transaction is processed by us. We may refuse to cash accept any check other than standard checks provided by us, or approved by us in advance. Withdrawals and transfers from your Account may be restricted as provided in the Agreement, or in the Schedule Schedule, or by applicable law. (B) Withdrawal Restrictions and Overdrafts. We will do not have to allow you to make a cash withdrawal from your Account if you don’t n't have sufficient available funds available in the account Account to cov er cover the full amount of the withdrawal. If there are available funds to cover some, but not all, of the withdrawals or other debits to your Account on a single business day, we will post the checks for which there are sufficient available funds in sequential check number orderany order we may choose at our sole discretion. We may pay other withdrawals or debit items (such as charges) prior to paying any checks checks, and we may post those other withdrawals or debit items in the any order those items we may choose at our sole discretion. If there are insufficient funds available in your Account to cover a withdrawal or debit presented to us during normal business hours or in low to high order if presentment occurs after normal business hoursagainst your Account, this is called an "overdraft". We will handle each overdraft in accordance with our Standard Overdraft Policy (described below) or in accordance with any overdraft other agreement you may have with usus (such as an overdraft protection agreement). If Even if we choose to pay one or more overdrafts, we are not obligated to cover any future overdrafts. When we determine whether payment of an item will create an overdraft, we may determine the balance of your account at any time between the time we receive the item and the deadline for us to take action on the item. We are not required to determine your Account account balance more than one (1) time each business dayduring this period.
Appears in 1 contract
Samples: Deposit Account Agreement
WITHDRAWAL RULES. The following terms apply to withdrawals from your Account: (A) Manner of Withdrawal. You may make withdrawals from your Account in any manner that is permitted by us for the type of account Account that you have opened. Withdrawals by mail will be posted to your Account as of the day the transaction is processed by us. We may refuse to cash accept any check other than standard checks provided by us, or approved by us in advance. Withdrawals and transfers from your Account may be restricted as provided in the Agreement, or in the Schedule Schedule, or by applicable law. (B) Withdrawal Restrictions and Overdrafts. We will do not have to allow you to make a cash withdrawal from your Account if you don’t have sufficient available funds available in the account Account to cov er cover the full amount of the withdrawal. If there are available funds to cover some, but not all, of the withdrawals or other debits to your Account on a single business day, we will post the checks for which there are sufficient available funds in sequential from the smallest dollar check number orderto the largest. We may pay other withdrawals or debit items (such as charges) prior to paying any checks checks, and we may post those other withdrawals or debit items in the any order those items we may choose at our sole discretion. If there are insufficient funds available in your Account to cover a withdrawal or debit presented to us during normal business hours or in low to high order if presentment occurs after normal business hoursagainst your Account, this is called an “overdraft”. We will handle each overdraft in accordance with our Standard Overdraft Policy (described below) or in accordance with any overdraft other agreement you may have with usus (such as an overdraft protection agreement). If Even if we choose to pay one or more overdrafts, we are not obligated to cover any future overdrafts. When we determine whether payment of an item will create an overdraft, we may determine the balance of your account at any time between the tie we receive the item and the deadline for us to take action on the item. We are not required to determine your Account account balance more than one (1) time each business dayduring this period.
Appears in 1 contract
Samples: Deposit Account Agreement
WITHDRAWAL RULES. The following terms apply to withdrawals from your Account: (A) Manner of Withdrawal. You may make withdrawals from your Account in any manner that is permitted by us for the type of account Account that you have opened. Withdrawals by mail will be posted to your Account as of the day the transaction is processed by us. We may refuse to cash accept any check other than standard checks provided by us, or approved by us in advance. Withdrawals and transfers from your Account may be restricted as provided in the Agreement, or in the Schedule Schedule, or by applicable law. (B) Withdrawal Restrictions and Overdrafts. We will do not have to allow you to make a cash withdrawal from your Account if you don’t n't have sufficient available funds available in the account Account to cov er cover the full amount of the withdrawal. If there are available funds to cover some, but not all, of the withdrawals or other debits to your Account on a single business day, we will post the checks for which there are sufficient available funds in sequential check number orderthe order in which the checks are received by us. We may pay other withdrawals or debit items (such as charges) prior to paying any checks checks, and we may post those other withdrawals or debit items in the any order those items we may choose at our sole discretion. If there are insufficient funds available in your Account to cover a withdrawal or debit presented to us during normal business hours or in low to high order if presentment occurs after normal business hoursagainst your Account, this is called an "overdraft". We will handle each overdraft in accordance with our Standard Overdraft Policy (described below) or in accordance with any overdraft other agreement you may have with usus (such as an overdraft protection agreement). If Even if we choose to pay one or more overdrafts, we are not obligated to cover any future overdrafts. When we determine whether payment of an item will create an overdraft, we may determine the balance of your account at any time between the time we receive the item and the deadline for us to take action on the item. We are not required to determine your Account account balance more than one (1) time each business dayduring this period.
Appears in 1 contract
Samples: Deposit Account Agreement
WITHDRAWAL RULES. The following terms apply to withdrawals When you or an Authorized User initiates a withdrawal of funds from your Secured Account: Manner , you authorize us to make the transaction selected. Withdrawals may be made in U.S. dollars by using the Step App to authorize a transfer of Withdrawalfunds to a Linked External Account, to make payments on your Card, to make a P2P Transfer (defined below) to another Step user, or to make a transfer to another type of account or payee we may permit from time to time. Withdrawals to a Linked External Account and P2P Transfers are processed as ACH transactions. Please see the Electronic Fund Transfer Agreement for more information. We may subtract from your Secured Account balance the amount of any withdrawal, P2P Transfer, or other debit transaction that you, or any Authorized User, or person you or an Authorized User authorized, initiated or approved. We may require you or any person you authorize to provide us with identification, documentation or information that is acceptable to us before allowing the transaction. You may not make withdrawals from your Account or authorize any withdrawal in any manner an amount that is permitted by us for exceeds the type of account that you have opened. Withdrawals by mail will be posted to your Account as of the day the transaction is processed by usapplicable Spending Limit. We may refuse to cash permit Authorized Users to make any check other than standard checks provided withdrawal in an amount that exceeds the Spending Limit applicable to the Sub-Accounts they are authorized to use. We may refuse any withdrawal or transfer request by any method on forms not approved by us, or approved by us in advance. Withdrawals and transfers from that we do not specifically permit for your Account may be restricted as provided in the AgreementSecured Account, or that does not include all information we require, or that is greater in number than the Schedule frequency permitted, or by applicable law. Withdrawal Restrictions and Overdraftswhich is greater or less than any withdrawal limitations. We will not allow use the date the transaction is completed by us (as opposed to the date you initiate it) to make a cash withdrawal from your Account if you don’t have sufficient funds available in apply the account to cov er the full amount of the withdrawalfrequency limitations. If there are available funds to cover some, but not all, of the withdrawals or other debits to your Account on a single business dayIn addition, we will post the checks for which there are sufficient funds in sequential check number ordermay place limitations on your Secured Account until your identity is verified. We may pay other withdrawals or debit items reserve the right to establish (such as chargesand change) prior maximum dollar limits for withdrawal transactions from time to paying any checks and time. Even if we may post those other withdrawals or debit items in the order those items are presented to us during normal business hours or in low to high order if presentment occurs after normal business hours. We will handle each overdraft in accordance with our Overdraft Policy (described below) or in accordance with any overdraft agreement you may have with us. If we choose to pay one or more overdraftshonor a nonconforming request, we are not obligated to cover any future overdrafts. We are not required to determine your do so later. If you have one or more Sub-Accounts, you may select the Sub-Account balance more than one (1) time each business dayfrom which you would like to withdraw funds. An Authorized User may withdraw funds only from the Sub-Account they are authorized to use. The withdrawal will reduce the Available Balance in the Wallet of that Sub- Account.
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