DEBITING YOUR ACCOUNTS Clause Samples
The "Debiting Your Accounts" clause authorizes a financial institution or service provider to withdraw funds directly from a customer's account to fulfill payment obligations or settle transactions. In practice, this means that when a customer initiates a payment, such as paying a bill or transferring money, the institution is permitted to deduct the specified amount from the designated account automatically. This clause ensures that payments are processed efficiently and on time, reducing the risk of missed payments and providing clarity on how and when funds will be withdrawn.
DEBITING YOUR ACCOUNTS. You authorize the Bank to charge your Account(s) for any transactions accomplished through the use of eBanking, including, without limitation, the amount of any transfer or Payment that you request. You authorize us to initiate any reversing entry or reversing file, and to debit your Accounts maintained at the Bank, or accounts maintained elsewhere, in order to correct any mistaken credit entry. Your obligation to the Bank to pay the amount of the Payment or transfer is not excused in such circumstances. IF YOU DO NOT HAVE SUFFICIENT FUNDS IN YOUR ACCOUNT(S) ON THE DATE A FEE OR CHARGE IS PAYABLE, YOU AUTHORIZE THE BANK TO AUTOMATICALLY DEDUCT THE PAYMENT FROM YOUR ACCOUNT(S) AS SOON AS FUNDS ARE AVAILABLE.
DEBITING YOUR ACCOUNTS. You authorize the Bank to charge your Account(s) for any transactions accomplished through the use of eBanking, including, without limitation, the amount of any transfer or Payment that you request. You authorize us to initiate any reversing entry or reversing file, and to debit your Accounts maintained at the Bank, or accounts maintained elsewhere, in order to correct any mistaken credit entry. Your obligation to the Bank to pay the amount of the Payment or transfer is not excused in such circumstances. IF YOU DO NOT HAVE SUFFICIENT FUNDS IN YOUR
DEBITING YOUR ACCOUNTS. You acknowledge and agree that you are responsible for, and you authorize us to charge and automatically debit from your Accounts (or any other commercial deposit account that you maintain with us, if necessary), the amount of a transfer, Payment or other Service on or after the date we execute the transfer, Payment or other Service. Fees and other amounts incurred in connection with the use of the Services, which are in addition to other fees provided for in the Account Agreement, are disclosed in our Fee Schedule and will be deducted from your Checking Account, even if you do not you use the Services during a given month or statement cycle, as applicable, on the date such fees or other amounts are due. The ▇▇▇▇ Pay Service monthly fees cover service for the previous month and are effective upon your enrollment in the ▇▇▇▇ Pay Service. If your Checking Account has insufficient funds to cover fees incurred in connection with the Services, we may deduct the amount of such fees from your other Accounts or other commercial deposit accounts you maintain with us, cancel your access to and use of the Services, and terminate this Agreement immediately. You are also responsible for all charges incurred in connecting to the Services, including any sales taxes, fees or similar charges imposed by federal, state or local governments where you are located and conduct your business and all charges incurred in connection with or related to the use of your Computer, such as telephone charges and charges by any Internet or other service provider providing your Internet connection to the Services.