Your Available Balance Sample Clauses

Your Available Balance. 1. Actual Balance Versus Available Balance. Your checking account has two kinds of balances: the “actual” balance and the “available” balance. Both can be checked when you review your account online, at a Credit Union-owned ATM, by phone, or at a branch. It is important to understand how these two balances work so that you know how much money is available to you in your account at any given time. This section explains actual and available balances and how they work.
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Your Available Balance. Your available balance does not reflect any checks, ACH automatic bill payments or other items that you have issued, initiated or authorized until they are presented to us for payment from your account. Debit card transactions, UMB Online bill payments and other pending transactions will reduce your available balance during the day. UMB Online bill payments may process up to five (5) calendar days before the due date you select when you set up those payments. It is possible for you to overdraw your account even though your available balance shows that there are sufficient funds in your account to cover an item you want to issue, initiate or authorize. For example, when you write a check, the payee may not present the check to us for payment on that same day. That outstanding check will not be reflected in your available balance until the payee presents that check to us for payment. Your available balance also may not reflect recent deposits to your account. For details concerning availability of your deposits for withdrawal, see Part V, “Regulatory Disclosures”, section A, “Your Ability to Withdraw Funds” below. When we receive an authorization request from a merchant or other party from which a purchase is being made with your debit card, we have the right to place a temporary hold - known as an “authorization hold” - against some or all of the funds in your account. If we place an authorization hold against your account, the amount of such authorization hold will decrease your available balance. If we receive an authorization request from a gas station, restaurant, hotel, car rental agency, or other merchant, the amount of the authorization hold may differ from the final amount of your purchase from that merchant because the purchase amount may not be known at the time the merchant makes its request for authorization. In those circumstances, we may either not place an authorization hold against your account or the amount of the authorization hold that we place against your account may be different from the final amount of your purchase. We have the right to maintain an authorization hold against your account until we receive the purchase transaction that matches the authorization hold. However, if we do not receive the matching purchase transaction within three (3) business days (or such other period of time as permitted by the rules of the payment network governing your debit card), then we will release our authorization hold against your account. If we...
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Your Available Balance. Your available balance is the amount of money in your account that is available to you without overdrawing your account. Your available balance takes into account holds that have been placed on deposits and pending transactions (such as pending debit card transactions) that we have authorized but that have not yet posted to your account. Example of Available Balance. If your actual balance and available balance are both $100 and you swipe your debit card at a restaurant for $35, the merchant could ask us to preauthorize the payment. We would place an “authorization hold” on your account for $35. Your actual balance is still $100 because the debit card transaction has not yet posted to your account; however, your available balance would be $65 because you have already authorized the $35 payment to the restaurant. When the restaurant submits the transaction for payment (which could be a few days later and could be for a different amount if you have added a tip), we will post the transaction to your account and your actual balance will be reduced.
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Your Available Balance. Your available balance is the amount of money in your account that is available to you without incurring a fee. Your available balance takes into account holds that have been placed on deposits and pending transactions (such as pending debit card transactions) that we have authorized but that have not yet posted to your account.
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Your Available Balance. Your available balance is the amount of money in your account that is available to you to use without incurring a fee. The available balance takes into account factors such as holds placed on deposits and pending transactions, like pending debit card purchases that the Credit Union has authorized, but that have not yet posted or settled to your account. For example: • Assume you have an actual balance of $50. If you were to use your debit card at a restaurant to buy lunch for $20, then that merchant could ask us to pre- authorize the payment in that amount (or even a different amount). If the merchant requests preauthorization in the amount of $20, we will place a “hold” on your account for $20 (referred to as an “authorization hold”). Your actual balance will still be $50 because this transaction has not yet posted, but your available balance will be $30 because of the restaurant’s $20 preauthorization request. When the merchant submits its xxxx for payment (which could be days later and for a different amount than the amount of the authorization hold), we will release the authorization hold, post the transaction to your account, and your actual balance will be reduced by the amount of the posted transaction.
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Your Available Balance. You may check your Available Balance at any time in the Account Center, where you can view the funds held in each of the Currency Wallets. The Available Balance for each Foreign Currency Wallet will be displayed in such currency, not in US Dollars. Spending on the Account is limited to your Available Balance. You are not allowed to exceed your Available Balance or to create a negative balance through an individual transaction or a series of transactions. If your Available Balance is not sufficient to pay for any transaction, we may, at our discretion, decline or reject the transaction. If you have a negative balance, you must immediately load funds to satisfy any negative balance. Maintaining a negative balance constitutes a breach of this Agreement which may result in the suspension, closure or termination of your Account, at our sole discretion, as well as civil or criminal liability for damages or losses incurred by us. For the purpose of correcting a negative balance, rectifying an error or overpayment, or for collecting on any liability, direct or contingent, past, present or future that you owe against any Account, you: (i) grant us a lien on and security interest in any funds you have in any account with us, and (ii) authorize us to deduct funds from any account you may have with us. If we exercise any right of set-off, we will notify you. You have no right to defer payment of the liability for any negative balance, and you are liable regardless of whether you signed the item or benefited from the charge or overdraft.
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Your Available Balance 
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Related to Your Available Balance

  • Available Balance Each time you use your Card, you authorize us to reduce the value available on your Card by the amount of the transaction and any applicable fees, taxes or other charges assessed by the merchant. Transactions that exceed the remaining balance on your Card are prohibited and should be declined at the point of sale. If, notwithstanding an insufficient balance, an authorization is received by the merchant or the merchant uses other means to proceed with the transaction, then you agree to reimburse us for any amount in excess of the Card balance for such a transaction. Refunds for Purchases Made with the Card. Any refund for goods or services purchased with the Card will be made in the form of a credit to the Card and pursuant to the refund policy of the merchants where such goods or services were purchased. If you receive a credit, the credit may not be added to the available funds on the Card for seven (7) business days. You are not entitled to receive a cash refund. Disputes with Merchants. We are not responsible for the delivery, quality, safety, legality or any other aspect of goods and services that you purchase from others with your Card. All such disputes should be addressed to the merchants from whom the goods and services were purchased.

  • Negative Balances If your Stripe Account balance (or the Stripe Account balance of any User Group Entity) is negative, or does not contain funds sufficient to pay amounts that you (or a User Group Entity) owe to Stripe, its Affiliates or Customers, then without limiting Stripe’s rights under Sections 4.2 and 4.3 of the General Terms, Stripe may debit the User Bank Accounts by the amount necessary to collect, and pay out to Customers if applicable, the amounts you owe.

  • Funds Availability For determining the availability of your deposits, every day is a business day except Saturdays, Sundays, federal holidays and legal banking holidays in the State of Utah.

  • High Availability Registry Operator will conduct its operations using network and geographically diverse, redundant servers (including network-­‐level redundancy, end-­‐node level redundancy and the implementation of a load balancing scheme where applicable) to ensure continued operation in the case of technical failure (widespread or local), or an extraordinary occurrence or circumstance beyond the control of the Registry Operator. Registry Operator’s emergency operations department shall be available at all times to respond to extraordinary occurrences.

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