Multiple presentments definition

Multiple presentments. Any item or transaction can be presented for payment multiple times, which is beyond the control of the Credit Union. Each presentment will be charged a separate overdraft fee even though it may be for a repeat presentment.
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Multiple presentments. Any item or transaction can be presented for payment multiple times, which is beyond the control of the Credit Union. Each presentment will be charged a separate overdraft fee even though it may be for a repeat presentment. Payment Order of Items The order in which items are presented may affect the fees assessed to your account. Most transactions are posted when you conduct them. Transactions which are posted real time or very near real time to when you conduct them: Transactions you conduct at our teller counters such as deposits*, withdrawals, and cashing on-us checks Transactions you conduct at shared branching locations* Your ATM withdrawals Your debit card purchases conducted with a PIN Authorizations (holds) for your debit card purchases conducted using the VISA network** Transfers you conduct using our automated phone system (“000-000-0000”) Transfers you conduct using our Online Banking or Mobile Banking systems *Note that funds availability rules apply and funds deposited on a real time basis may not be made available immediately. For example, checks you deposit may be subject to uncollected funds holds. See our funds availability disclosures and shared branching rules for details. **The corresponding settlements may lag hours or days based on when the merchants submit them. We post settlement transactions at the time we receive them. For ACH entries and checks which are received in batch files, the Credit Union posts in the following manner: Transactions which are posted in batch items: Posting of that day’s ACH credits is followed by ACH debits, followed by checks ACH debits are posted by amount from small to large Checks are posted by amount from small to large. Posting by amount from small to large allows for the most items to be paid and helps you minimize fees.
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Multiple presentments. Any item or transaction can be presented for payment multiple times, which is beyond the control of the Credit Union. Each presentment may be charged a separate overdraft fee even though it may be for a repeat presentment. This is a general description of certain types of transactions. Credit Union processes transactions through a wide variety of products and services that may not be described above. Usage of any credit union product or service is subject to applicable terms and conditions associated with the product or service. These practices may change, and we reserve the right to pay items in any order we choose as permitted by law. If the available balance in your account is not enough to pay all of your transactions, we will take the following steps. Definitions of each service may be found in the following section of the Agreement. • First, use Overdraft Protection (if applicable). • Then, decide whether to pay your transaction using Xxxxx Xxxxxx (if applicable). • Next, decide whether to pay your transaction into Courtesy Pay (if applicable). • Then, decide whether to pay your transaction with special overdraft procedure, if Overdraft Protection or Courtesy Pay are unavailable. • Last, return the transaction unpaid or decline the transaction. IMPORTANT DEFINITIONS: Overdraft Protection: This is an optional service you can add to your checking account by linking eligible accounts, both deposit or credit. We will use available funds in your linked account(s) to authorize or pay your transactions if you don’t have enough money in your checking account. A single Overdraft Protection Transfer will be assessed for every transfer/advance made regardless of the number of transactions covered or whether money is transferred/advanced from multiple accounts. The Overdraft Protection Transfer Fee will be included in any transfer/advance. If you link multiple accounts, you may tell us which order to transfer/advance funds from. If you do not specify an order, we will first transfer funds from your linked savings account.
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Examples of Multiple presentments in a sentence

  • Multiple presentments of the same item will result in multiple fees.

  • Multiple presentments of the same item may result in multiple fees.

  • Multiple presentments of the same item will result in multiplefees.

  • Multiple presentments of the same item w ill result in multiple fees.

Related to Multiple presentments

  • Presentment means the right to require the Note Holder to demand payment of amounts due. “Notice of Dishonor” means the right to require the Note Holder to give notice to other persons that amounts due have not been paid.

  • Notice of Dishonor means the right to require the Note Holder to give notice to other persons that amounts due have not been paid.

  • Protest means a written objection by an interested party to this solicitation or to a proposed or actual award of a contract pursuant to this solicitation.

  • Nonpayment of premium means the failure or inability of the named insured to discharge any obligation in connection with the payment of premiums on a policy of insurance subject to this section, whether such payments are payable directly to the insurer or its agent or indirectly payable under a premium finance plan or extension of credit;

  • Proof of payment means, as applicable, a copy of the check, confirmation of credit card or debit card payment, confirmation of wire or automated clearinghouse transfer, and any other information required to demonstrate that payment has been made according to EPA requirements, in the amount due, and identified with the Facility name and Docket No. TSCA-04-2023-3006(b).

  • Registered Security means any Security established pursuant to Section 201 which is registered in the Security Register.

  • Presentation means delivery of a document to an issuer or nominated person for honor or giving of value under a letter of credit.

  • Guaranteed Interest Rate is the effective annual interest rate we will credit for a specified Guarantee Period. The Guaranteed Interest Rate will never be less than the minimum shown in the Schedule.

  • UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS, IN WHOLE BUT NOT IN PART, TO NOMINEES OF THE DEPOSITORY TRUST COMPANY OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR'S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN ARTICLE TWO OF THE INDENTURE REFERRED TO ON THE REVERSE HEREOF."

  • Proof of age The Company may require evidence of Age of any Annuitant or Owner.

  • Nonpayment means, with respect to any Distribution Date, an Insured Amount is Due for Payment but has not been paid pursuant to the Agreement.

  • Statement of Preferences means the Issuer's Statement of Preferences of Variable Rate Demand Preferred Shares, dated as of March 31, 2021, as amended from time to time in accordance with the provisions thereof.

  • Demand has the meaning set forth in Section 2.1(a).

  • Other Security means any security acceptable to the commissioner other than security meeting the definition of Primary Security.

  • a guaranteed income payment means a payment made under article 15(1)(c) (injury benefits) or 29(1)(a) (death benefits) of the Armed Forces and Reserve Forces (Compensation Scheme) Order 2011;

  • Interest Protection Agreement of any Person means any interest rate swap agreement, interest rate collar agreement, option or futures contract or other similar agreement or arrangement designed to protect such Person or any of its Subsidiaries against fluctuations in interest rates with respect to Indebtedness.

  • Guaranteed Sum means: The maximum aggregate amount of R

  • Debt Security or “Debt Securities” has the meaning stated in the first recital of this Indenture and more particularly means any debt security or debt securities, as the case may be, of any series authenticated and delivered under this Indenture.

  • Guaranty of Payment means each Guaranty of Payment executed and delivered on or after the Closing Date in connection with this Agreement by the Guarantors of Payment, as the same may from time to time be amended, restated or otherwise modified.

  • Form of Note means the “Form of Note” attached hereto as Exhibit A.

  • Guaranties means, collectively, each Subsidiary Guaranty and any other guaranty executed by any Guarantor in favor of Agent and Lenders in respect of the Obligations.

  • Global Bearer Security means the ETP Securities in bearer form represented by a global security.

  • Amendment No. 8 means Amendment No. 8, dated as of March 31, 2017, to this Agreement.

  • Amendment No. 6 means Amendment No. 6 to Financing Agreement, dated as of April 15, 2022, among the Loan Parties party thereto, the Administrative Agent and the Lenders party thereto.