Common use of Withdrawals From Your Account Clause in Contracts

Withdrawals From Your Account. Money may be withdrawn from your Account in different ways, as permitted for each type of Account. We are required to permit a withdrawal only if you have sufficient available funds in your Account to cover the entire amount of the withdrawal. Checks or other debit items presented against insufficient or available funds are subject to a non-sufficient funds fee. If there are sufficient funds to cover some but not all of your withdrawal orders, we will honor those withdrawals which can be paid, in any order convenient to us. If, in our sole discretion, we permit withdrawals for which there are not sufficient available funds, or you otherwise overdraw the available funds in your Account, you agree to repay us immediately the funds advanced to you. We will assess your Account a non-sufficient funds fee. We may also assess your Account a negative balance fee, which will be separately disclosed to you, each day your account remains negative after 10 (ten) consecutive days. At no time shall we be required to allow you to overdraw your Account, even if we allowed such activity on one or more previous occasions. (1) there is a dispute between account owners; (2) a legal garnishment, attachment or levy is served on us; (3) the account(s) secures any obligation owed to us; (4) any required documentation has not been provided to us; or (5) you are delinquent or fail to pay a loan or any other obligation owed to us when due. In addition to the foregoing if any person should instruct the Credit Union to make a large cash withdrawal (the definition of which shall be within the Credit Union’s sole discretion) in lieu of other methods of transferring funds offered by the Credit Union, the Member hereby releases the Credit Union from any and all liability, claims and demands whatsoever which arise from or in any way relate to the Member’s possession of any large sums of cash from the moment possession of same is made available to the Member; and Member will execute and deliver any further releases the Credit Union may require in connection with any such withdrawal.

Appears in 2 contracts

Samples: Business Account Agreement, Business Account Agreement

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Withdrawals From Your Account. Money may be withdrawn from your Account in different ways, as permitted for each type of Account. We are required to permit a withdrawal only if you have sufficient available funds in your Account to cover the entire amount of the withdrawal, and you are not in default under any obligations you owe to us. Checks or other debit items presented against insufficient or available funds are subject to a non-sufficient funds feeservice charge. If there are sufficient funds to cover some but not all of your withdrawal orders, we will honor those withdrawals which can be paid, in any order convenient to us. If, in our sole discretion, we permit withdrawals for which there are not sufficient available funds, or you otherwise overdraw the available funds in your Account, you agree to repay us immediately the funds advanced to you. We will assess your Account a non-sufficient funds fee. We service charge, and we may also assess your Account a negative balance feecharge, which will be separately disclosed to you, each day your account remains negative after 10 (ten) consecutive dayson the amount of the overdraft. At no time shall we be required to allow you to overdraw your Account, even if we allowed such activity on one or more previous occasions. . CHECKS WHICH ARE POST-DATED, STALE DATED (1OLDER THAN SIX MONTHS) there is a dispute between account owners; (2) a legal garnishment, attachment or levy is served on us; (3) the account(s) secures any obligation owed to us; (4) any required documentation has OR DO NOT BEAR A DATE. If you do not been provided to us; or (5) you are delinquent or fail wish us to pay a loan or any other obligation owed to check you have issued, you must place a stop payment order with us when dueand renew it every six months. In addition (Please refer to the foregoing if any person should instruct the Credit Union to make a large cash withdrawal (the definition Stop Payment section of which shall be within the Credit Union’s sole discretion) in lieu of other methods of transferring funds offered by the Credit Union, the Member hereby releases the Credit Union from any and all liability, claims and demands whatsoever which arise from or in any way relate to the Member’s possession of any large sums of cash from the moment possession of same is made available to the Member; and Member will execute and deliver any further releases the Credit Union may require in connection with any such withdrawalthis Agreement).

Appears in 1 contract

Samples: Business Membership Account Agreement

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Withdrawals From Your Account. Money may be withdrawn from your Account in different ways, as permitted for each type of Account. We are required to permit a withdrawal only if you have sufficient available funds in your Account to cover the entire amount of the withdrawal. Checks or other debit items presented against insufficient or available funds are subject to a non-sufficient funds fee. If there are sufficient funds to cover some but not all of your withdrawal orders, we will honor those withdrawals which can be paid, in any order convenient to us. If, in our sole discretion, we permit withdrawals for which there are not sufficient available funds, or you otherwise overdraw the available funds in your Account, you agree to repay us immediately the funds advanced to you. We will assess your Account a non-sufficient funds fee. We may also assess your Account a negative balance fee, which will be separately disclosed to you, each day your account remains negative after 10 (ten) consecutive days. At no time shall we be required to allow you to overdraw your Account, even if we allowed such activity on one or more previous occasions. (1) there is a dispute between account owners; (2) a legal garnishment, attachment or levy is served on us; (3) the account(s) secures any obligation owed to us; (4) any required documentation has not been provided to us; or (5) you are delinquent or fail to pay a loan or any other obligation owed to us when due. In addition to the foregoing if any person should instruct the Credit Union to make a large cash withdrawal (the definition of o f which shall be within the Credit Union’s sole discretion) in lieu of other methods of transferring funds offered by the Credit Union, the Member hereby releases the Credit Union from any and all liability, claims and demands whatsoever which arise from or in any way relate to the Member’s possession of any large sums of cash from the moment possession of same is made available to the Member; and Member will execute and deliver any further releases the Credit Union may require in connection with any such withdrawal.

Appears in 1 contract

Samples: Business Account Agreement

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