Payment of Overdrafts, definition

Payment of Overdrafts,. “Overdraft Protection Plan,” “Order of Payments,” and “Governing Law” are deleted. The section in the Consumer Electronic Fund Transfers Agreement and Disclosure entitled “Governing Law” is deleted. All other sections continue to apply, as supplemented by these Change in Terms, and are not replaced.
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Payment of Overdrafts,. “Overdraft Protection Plan,” “Order of Payments,” and “Governing Law” are deleted. OVERDRAFT AND RETURNED ITEM FEES. Unless otherwise specified in your account Fee Schedule, a fee will be assessed each time an item is returned, and there is no limit on the total fees that we can charge you for overdrafts on your account. Reservation of Right to Hold.* In some cases, we will not make all of the funds that you deposit by check available to you on the business day we receive your deposit. Depending on the type of check that you deposit, funds may not be available until the third (3rd) business day after the day of your deposit. However, the first $200 of checks deposited will be available immediately on the business day of your deposit. If we are not going to make all of the funds from your deposit Special Rules for ATM and Shared Branching Deposits. ATM and shared branching deposits are immediately posted to your account. However, deposits are subject to verification and are not available for immediate withdrawal. The first $200 of checks deposited will be available immediately on the business day of your deposit (irrespective of the manner in which the checks are deposited); the remainder may not be available until the third (3rd) business day after the day of your deposit for ATM and shared-branch deposits. We will not provide you with separate notice of the hold; however, you may check your “available funds” balance via Online Banking, Mobile Banking, Phone Banking (Private Line), or by contacting us. Checks deposited through ATMs or shared branching are subject to additional check hold provisions stated in this Policy. EFT SERVICES Online and Mobile Banking. At the present time, you may use Online and Mobile Banking to:
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Examples of Payment of Overdrafts, in a sentence

  • Section 4: Payment of Overdrafts Payment of Overdrafts.1. We are not obligated to pay any item presented for payment if your account does not contain sufficient available funds.

  • Section 4: Payment of Overdrafts Optional Overdraft Protection Plans.…Overdrafts paid by an advance on your Personal Line of Credit are subject to a per-item Automatic Overdraft Preauthorized Transfer Fee as disclosed in the Schedule of Fees and Charges.

  • Section 707.11 - Additional Disclosures Regarding the Payment of Overdrafts (a) Disclosure of total fees on periodic statements (a)(1) General.

Related to Payment of Overdrafts,

  • Overdraft Obligations means, with respect to any Portfolio, the amount of any outstanding Overdraft(s) provided by the Custodian to such Portfolio together with all accrued interest thereon.

  • Overdraft Facility or ‘Facility’ means an authorised debit balance that may be offered to you at our discretion from time to time allowing your Account to go overdrawn up to an agreed Overdraft Limit.

  • Overdraft means any payment or transfer of funds on behalf of a Fund or series of a Fund for which there are, at the close of business on the date of such payment or transfer, insufficient funds held by the Custodian on behalf of such Fund or series thereof.

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Overdraft Rate means the per annum rate of interest, regardless of compounding frequency, designated by the Financial Institution as its “Overdraft Rate” from time to time.

  • Cash Management Obligations means obligations owed by the Borrower or any Restricted Subsidiary to any Lender or any Affiliate of a Lender in respect of any overdraft and related liabilities arising from treasury, depository and cash management services or any automated clearing house transfers of funds.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.

  • Cash Management Obligation means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of such Person under or in respect of a Cash Management Agreement.

  • Management Accounts means, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);

  • Cash Advances These are from cash advances and cash equivalent transactions you make with your account. “Special Offers” These are from your use of the account to take advantage of special, introductory, or promotional offers we make available to you at times. Each such transaction may be kept track of separately on your statement and may be treated as its own Balance Category. “Eligible Purchases” These are from purchases of goods and services you make with your account (a) at certain merchants or of specified types listed in the Schedule; and (b) in which a single or multiple items are purchased in the same transaction totaling certain amounts as listed in the Schedule. Each Eligible Purchase may be kept track of separately on your statement and may be treated as its own Balance Category. Eligible Purchase(s) may also be referenced and abbreviated as “Elig Purch” in some locations in the Schedule.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Cash Management System shall have the meaning assigned to such term in Section 9.01.

  • Specified Cash Management Agreement any agreement providing for treasury, depositary or cash management services, including in connection with any automated clearing house transfers of funds or any similar transactions between the Borrower or any Guarantor and any Lender or affiliate thereof or any Agent or affiliate thereof, which has been designated by such Lender and the Borrower, by notice to the Administrative Agent not later than 90 days after the execution and delivery by the Borrower or such Guarantor, as a “Specified Cash Management Agreement”.

  • Cash Management Services means any cash management or related services including treasury, depository, return items, overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer (including the Automated Clearing House processing of electronic funds transfers through the direct Federal Reserve Fedline system) and other cash management arrangements.

  • Cash Management Systems has the meaning ascribed to it in Section 1.8.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Cash Management Order means an order of the Bankruptcy Court, in form and substance acceptable to the Required Lenders, (i) approving and authorizing the Loan Parties to use existing cash management system, (ii) authorizing and directing banks and financial institutions to honor and process checks and transfers, (iii) authorizing continued use of intercompany transactions, (iv) waiving requirements of Section 345(b) of the Bankruptcy Code and (v) authorizing the Loan Parties to use existing bank accounts and existing business forms.

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Credit Party and any Cash Management Bank.

  • Accounts means all presently existing and hereafter arising accounts, contract rights, and all other forms of obligations owing to Borrower arising out of the sale or lease of goods (including, without limitation, the licensing of software and other technology) or the rendering of services by Borrower, whether or not earned by performance, and any and all credit insurance, guaranties, and other security therefor, as well as all merchandise returned to or reclaimed by Borrower and Borrower's Books relating to any of the foregoing.

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Cash Advance Fees shall have the meaning specified in the Credit Card Agreement applicable to each Account for cash advance fees or similar terms.

  • Cash Advance means an advance or payment made in any currency or by travellers’ cheques, notes or other forms representing an amount of any currency by any Merchant, bank or other financial institution and shall include any amount paid by DBS for the credit of the Cardmember’s account(s) with any person which had issued to the Cardmember any credit or charge card(s).

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.