Determination of Account Balance. We may make our determination of your Account balance at any time between presentment and any applicable return deadline. We are required to make only one (1) determination of your Account balance. When more than one check is presented for payment on one day, they will be charged against the Account in descending order by amount. If the balance in the Account eligible to be charged for the payment of checks is insufficient to permit payment of all of the checks, the checks with the highest dollar amounts will be paid. Other transactions also affect the balance available for withdrawal. These include but are not limited to ACH, ATM, debit card, FirstCall® and Firstrust Online Banking. However, funds available in Accounts established for overdraft protection may reduce or eliminate the returning of such items.
Determination of Account Balance. The decision to pay your check or return it unpaid is made on the day after the check is presented to us. The decision to pay your withdrawal by ACH or return it unpaid is made the day the transaction is scheduled to settle. Our decision to pay or not pay these items is based on the funds available in your account and other factors. Other transactions also affect the balance available for withdrawal by check or ACH. These include but are not limited to transactions made using your ATM or debit card or using internet bill pay, FirstCall, internet banking or any other methods we make available to you from time to time. We may make our determination of your account balance at any time between when we are presented with your item and the time of the return of the item. We are required to make only one determination of your account balance. If more than one check or ACH item is presented for payment on one day, we will charge them against your account in descending order by amount. ACH transactions will be processed first in descending order by amount followed by checks. If the available balance is insufficient to permit payment of all of the ACH items and/or checks, the items with the highest possible dollar amounts will be paid. ATM transactions (including pin-based purchase transactions), VISA Debit Card purchases and transactions in our Branches are charged or holds placed against your account when the transaction is processed. The order in which transactions are charged against your account may vary on occasion based on factors beyond our control. We may change the order in which we pay items in our discretion and without prior notice to you. If you establish an account for Overdraft Protection, the balance in that account may reduce or eliminate the returning of such items.
Determination of Account Balance. The increase in the Participant’s Account balance during the measurement period taken into account does not include income, expenses, gains, or losses allocated during the measurement period that are attributable to the Participant’s Account balance as of the beginning of the measurement period, but does include any additional amounts that would have been included in the increase in the Participant’s Account balance but for the fact that the additional amounts were previously distributed (including a reasonable adjustment for interest). If the measurement period is the current Plan Year, the Sponsoring Employer may also elect to disregard the income, expenses, gains, and losses allocated during the current Plan Year that are attributable to the increase in the Participant’s Account balance since the beginning of the Plan Year, and thus determine the increase in Participant’s Account balance during the Plan Year taking into account only allocations described in Regulation §1.401(a)(4)-2(c)(2)(ii). In addition, the Sponsoring Employer may disregard distributions to a Non-Highly Compensated Employee as well as distributions to any Employee in Plan Years beginning before a selected date no later than January 1, 1986.
Determination of Account Balance. We may make our determination of your Account balance at any time between presentment and any applicable return deadline. We are required to make only one (1) determination of your Account balance. When more than one check is presented for payment on one day, they will be charged against the Account in check number order. If the balance in the Account eligible to be charged for the payment of checks is insufficient to permit payment of all of the checks, then as many of the checks as possible will be paid in check number order. Other transactions also affect the balance available for withdrawal. These include but are not limited to ACH, ATM, debit card, FirstCall® and Firstrust online banking. However, funds available in Accounts established for overdraft protection may reduce or eliminate the returning of such items. The following replaces Section 18 in Part I, in the above Agreement and is effective March 1, 2024. The change clarifies that it is the Bank’s practice to charge a Non-sufficient funds fee against your account each time a check or other Item is presented for payment when there are not sufficient funds in your account to pay the Item.
Determination of Account Balance. When determining an account balance to pay a check or item, we will make our available balance determination any time between presentment of the check for payment and our midnight deadline, and will be required to make only one review of the account balance before making our decision to pay or return the check or item. Subaccounts – For regulatory reporting and reserve purposes, we divide checking accounts into two subaccounts: a checking subaccount and a savings subaccount. If your checking account earns interest, we will pay the same interest rate on both subaccounts. If it does not earn interest, no interest will be paid on either subaccount. In either case, your account will continue to operate, from your perspective, as one account. We may establish a threshold for the balance maintained in the checking subaccount and may transfer funds periodically from one subaccount to the other to meet that threshold and cover transactions against your account. Your account statements will not reflect the existence of the subaccounts, and our periodic reallocation of funds between subaccounts will not affect your ability to withdraw funds, the interest rate (if any), fees, or other features of your checking account. You agree that we may treat the subaccounts as one and the same account if we receive a levy, subpoena or other legal process regarding either subaccount or your checking account. Large Cash Transactions – Cash transactions are subject to availability of cash, and the limitations of the branch location where the request is being made. You agree, that at our discretion, we may either partially or completely fulfill your cash withdrawal request or the cash withdrawal request of someone seeking to cash a check drawn on your account, by issuing a cashier’s check or requiring that you or they go to a specific branch location to obtain the cash. For large cash transactions, exceeding $10,000, we reserve the right to require advance notification and may require that you or they provide additional security measures (such as an armored car service) and/or deliver the cash to a specified location. In addition, for large cash transactions we reserve the right not to disburse such cash until we have had the opportunity to first contact you to obtain confirmation that the person seeking to receive the cash is in fact authorized to do so and is the person to whom you intended to give the check, and/or to obtain additional identification for the person seeking to obt...
Determination of Account Balance. The decision to pay your check or return it unpaid is made on the day after the check is presented to us. The decision to pay your withdrawal by ACH or return it unpaid is made the day the transaction is scheduled to settle. Our decision to pay or not pay these items is based on the funds available in your Account and other factors. Other transactions also affect the balance available for withdrawal by check or ACH. These include but are not limited to transactions made using your ATM or debit card or using online bill pay, FirstCall, Firstrust online banking or any other methods we make available to you from time to time. We may make our determination of your Account balance at any time between when we are presented with your item and the time of the return of the item. We are required to make only one determination of your Account balance. If more than one ACH item is presented for payment on one day, we will charge them against your Account in descending order by amount. If more than one check is presented for payment on one day, we will charge them against your account in check number order. ACH transactions will be processed first followed by checks. If the available balance is insufficient to permit payment of all the ACH items and/or checks, the ACH items with the highest possible dollar amounts will be paid first, then as many of the checks as possible will be paid in check number order. ATM transactions (including pin-based purchase transactions), VISA debit card purchases and transactions in our Branches are charged or holds placed against your Account when the transaction is processed. The order in which transactions are charged against your Account may vary on occasion based on factors beyond our control. We may change the order in which we pay items at our discretion and without prior notice to you. If you establish an account for Overdraft Protection, the balance in that account may reduce or eliminate the returning of such items.
Determination of Account Balance. Your account may be debited on the day an item is presented by electronic or other means, or atan earlier time based on notification received by us that an item drawn on your account has been deposited for collection in another financial institution. We may determine the amount of available funds inyour account for the purpose ofdeciding whether to returnan item for insufficient funds at any timebetween thereceipt ofsuch presentmentor notice and the time we return the item or sendnotice in lieu of return.Weonlyneedtomakeone(1)
Determination of Account Balance. The balance in the Executive’s Account as of any date shall consist of the balance of the Account as of the immediately preceding Valuation Date, adjusted as follows:
Determination of Account Balance. Whenever a Participant or his or her Beneficiary is entitled to receive a distribution of the entire amount or a percentage of his or her Account balance, the amount of such Account balance shall be determined as of the Valuation Date immediately preceding the date of distribution, as adjusted for contributions and withdrawals made after such Valuation Date.
