Common use of Failed or Returned Payment Instructions Clause in Contracts

Failed or Returned Payment Instructions. In using the Services, you are requesting that we or our Service Provider attempt to make payments for you from your Eligible Transaction Account. If the Payment Instruction cannot be completed for any reason associated with your Eligible Transaction Account (for example, there are insufficient funds in your Eligible Transaction Account, or the Payment Instruction would exceed the credit or overdraft protection limit, if any, of your Eligible Transaction Account, to cover the payment), the Payment Instruction may or may not be completed. In certain circumstances, our Service Provider may either advance funds drawn on its corporate account or via an electronic debit and, in such circumstances, will attempt to debit your Eligible Transaction Account a second time to complete the Payment Instruction. In some instances, you will receive a return notice from us or our Service Provider. In each such case, you agree that: a. you will reimburse us immediately upon demand the amount of the Payment Instruction if the payment has been delivered but there are insufficient funds in, or insufficient credit or overdraft protection associated with, your Eligible Transaction Account to allow us or our Service Provider to complete the debit processing; b. you will reimburse us for any fees or costs we incur in attempting to collect any amounts from you, including the costs of using a third-party collections contractor; and c. we are authorized to report the facts concerning uncollected amounts to any credit reporting agency.

Failed or Returned Payment Instructions. In using the ServicesService, you are requesting that we or our Service Provider attempt to make payments for you from your Eligible Transaction Account. If the Payment Instruction cannot be completed for any reason associated with your Eligible Transaction Account (for example, there are insufficient funds in your Eligible Transaction Account, or the Payment Instruction would exceed the credit or overdraft protection limit, if any, limit of your Eligible Transaction Account, to cover the payment), the Payment Instruction may or may not be completed. In certain circumstances, our Service Provider may either advance funds drawn on its their corporate account or via an electronic debit anddebit, and in such circumstances, circumstances will attempt to debit your the Eligible Transaction Account a second time to complete the Payment Instruction. In some instances, you will receive a return notice from us or our Service Provider. In each such case, you agree that: a. you You will reimburse us or our Service Provider immediately upon demand the amount of the Payment Instruction if the payment has been delivered but there are insufficient funds in, or insufficient credit or overdraft protection credits associated with, your Eligible Transaction Account to allow us or the debit processing to be completed; b. We and our Service Provider to complete the debit processing; b. you will reimburse us for any fees or costs we incur in attempting to collect any amounts from you, including the costs of using a third-party collections contractor; and c. we are authorized to report the facts concerning uncollected amounts the return to any credit reporting agency; and c. The Agreement for Deposit – Personal Accounts explains the details and rules regarding our Overdraft Policy. For fee information, please refer to our Fee Schedule – Personal Accounts. You may obtain a copy of these policies at any 1st Source banking center or online at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇/disclosures.

Failed or Returned Payment Instructions. In using the ServicesP2P Service, you are requesting that we or our Service Provider service provider attempt to make payments for you from your Eligible Transaction Account. If the Payment Instruction cannot be completed for any reason associated with your Eligible Transaction Account (for example, there are insufficient funds in your Eligible Transaction Account, or the Payment Instruction would exceed the credit or overdraft protection limit, if any, limit of your Eligible Transaction Account, to cover the payment, or an institution/card network does not accept push credits), the Payment Instruction may or may not be completed. In certain circumstances, our Service Provider may either advance funds drawn on its corporate account or via an electronic debit and, in such circumstances, will attempt to debit your Eligible Transaction Account a second time to complete the Payment Instruction. In some instances, you will receive a return notice from us or our Service Providerservice provider. In each such case, you agree that: a. you You will reimburse us or our service provider immediately upon demand the amount of the Payment Instruction if the payment has been delivered but there are insufficient funds in, or insufficient credit or overdraft protection credits associated with, your Eligible Transaction Account to allow the debit processing to be completed; b. The aforesaid amounts may be charged NSF fees that may be accessed by us, as set forth in your fee schedule from us (including as disclosed on the Site) or your account agreement with us. You hereby authorize us and our Service Provider to complete the debit processing; b. you will reimburse us for any fees or costs we incur in attempting to collect any deduct all of these amounts from youyour designated Eligible Transaction Account, including the costs of using a third-party collections contractor; and c. we are authorized to report the facts concerning uncollected amounts to any credit reporting agencyby ACH debit.

Failed or Returned Payment Instructions. In using the ServicesService, you are requesting that we or our Service Provider attempt to make payments for you from your Eligible Transaction Account. If the Payment Instruction cannot be completed for any reason associated with your Eligible Transaction Account (for example, there are insufficient funds in your Eligible Transaction Account, or the Payment Instruction would exceed the credit or overdraft protection limit, if any, limit of your Eligible Transaction Account, to cover the payment), the Payment Instruction may or may not be completed. In certain circumstances, our Service Provider may either advance funds drawn on its their corporate account or via an electronic debit anddebit, and in such circumstances, circumstances will attempt to debit your the Eligible Transaction Account a second time to complete the Payment Instruction. In some instances, you will receive a return notice from us or our Service Provider. In each such case, you agree that: a. you You will reimburse us our Service Provider immediately upon demand the amount of the Payment Instruction if the payment has been delivered but there are insufficient funds in, or insufficient credit or overdraft protection credits associated with, your Eligible Transaction Account to allow us or our Service Provider to complete the debit processingprocessing to be completed; b. you will reimburse us for any fees or costs we incur in attempting to collect any amounts from you, including the costs of using a third-party collections contractor; and c. we are Service Provider is authorized to report the facts concerning uncollected amounts the return to any credit reporting agency.

Failed or Returned Payment Instructions. In using the Zelle® and Other Payment Services, you are requesting that we or our Service Provider attempt to make payments for you from your Eligible Transaction Account. If the Payment Instruction cannot be completed for any reason associated with your Eligible Transaction Account (for example, there are insufficient funds in your Eligible Transaction Account, or the Payment Instruction would exceed the credit or overdraft protection limit, if any, limit of your Eligible Transaction Account, to cover the payment), the Payment Instruction may or may not be completed. In certain circumstances, our Service Provider may either advance funds drawn on its their corporate account or via an electronic debit anddebit, and in such circumstances, circumstances will attempt to debit your the Eligible Transaction Account a second time to complete the Payment Instruction. In some instances, you will receive a return notice from us or our Service Provider. In each such case, you agree that: a. you You will reimburse us or our Service Provider immediately upon demand the amount of the Payment Instruction if the payment has been delivered but there are insufficient funds in, or insufficient credit or overdraft protection credits associated with, your Eligible Transaction Account to allow us or the debit processing to be completed; b. We and our Service Provider to complete the debit processing; b. you will reimburse us for any fees or costs we incur in attempting to collect any amounts from you, including the costs of using a third-party collections contractor; and c. we are authorized to report the facts concerning uncollected amounts the return to any credit reporting agency.

Failed or Returned Payment Instructions. In using the ServicesService, you are requesting that we or our Service Provider attempt to make payments for you from your Eligible Transaction Account. If the Payment Instruction cannot be completed for any reason associated with your Eligible Transaction Account (for example, there are insufficient funds in your Eligible Transaction Account, or the Payment Instruction would exceed the credit or overdraft protection limit, if any, of your Eligible Transaction Account, to cover the payment), the Payment Instruction may or may not be completed. In certain circumstances, Instruction a. You will reimburse our Service Provider may either advance funds drawn on its corporate account or via an electronic debit and, in such circumstances, will attempt to debit your Eligible Transaction Account a second time to complete the Payment Instruction. In some instances, you will receive a return notice from us or our Service Provider. In each such case, you agree that: a. you will reimburse us immediately upon demand the amount of the Payment Instruction if the payment has been delivered but there are insufficient funds in, or insufficient credit or overdraft protection credits associated with, your Eligible Transaction Account to allow the debit processing to be completed; b. You may be assessed a late fee equal to one and a half percent (1.5%) of any unpaid amounts plus costs of collection by our Service Provider or their third-party contractor if the Payment Instruction cannot be debited because you have insufficient funds in your Eligible Transaction Account, or the transaction would exceed the credit or overdraft protection limit of your Eligible Transaction Account, to cover the payment, or if the funds cannot otherwise be collected from you. The aforesaid amounts will be charged in addition to any NSF charges that may be assessed by us, as set forth in your fee schedule from us (including as disclosed on the Site) or your account agreement with us. You hereby authorize us and our Service Provider to complete the debit processingdeduct all of these amounts from your designated Eligible Transaction Account, including by ACH debit; b. you will reimburse us for any fees or costs we incur in attempting to collect any amounts from you, including the costs of using a third-party collections contractor; and c. we are Service Provider is authorized to report the facts concerning uncollected amounts the return to any credit reporting agency.

Failed or Returned Payment Instructions. In using the ServicesService, you are requesting that we or our Service Provider attempt to make payments for you from your Eligible Transaction Account. If the Payment Instruction cannot be completed for any reason associated with your Eligible Transaction Account (for example, there are insufficient funds in your Eligible Transaction Account, or the Payment Instruction would exceed the credit or overdraft protection limit, if any, of your Eligible Transaction Account, to cover the payment), the Payment Instruction may or may not be completed. In certain circumstances, our Service Provider may either advance funds drawn on its corporate account or via an electronic debit and, in such circumstances, a. You will attempt to debit your Eligible Transaction Account a second time to complete the Payment Instruction. In some instances, you will receive a return notice from reimburse us or our Service Provider. In each such case, you agree that: a. you will reimburse us Provider immediately upon demand the amount of the Payment Instruction if the payment has been delivered but there are insufficient funds in, or insufficient credit or overdraft protection credits associated with, your Eligible Transaction Account to allow the debit processing to be completed; b. You may be assessed a late fee equal to one and a half percent (1.5%) of any unpaid amounts plus costs of collection by our Service Provider or their third-party contractor if the Payment Instruction cannot be debited because you have insufficient funds in your Eligible Transaction Account, or the transaction would exceed the credit or overdraft protection limit of your Eligible Transaction Account, to cover the payment, or if the funds cannot otherwise be collected from you. The aforesaid amounts will be charged in addition to any NSF charges that may be assessed by us, as set forth in your fee schedule from us (including as disclosed on the Site) or your account agreement with us. You hereby authorize us and our Service Provider to complete the debit processingdeduct all of these amounts from your designated Eligible Transaction Account, including by ACH debit; b. you will reimburse us for any fees or costs we incur in attempting to collect any amounts from you, including the costs of using a third-party collections contractor; and c. we We and our Service Provider are authorized to report the facts concerning uncollected amounts the return to any credit reporting agency.

Failed or Returned Payment Instructions. In using the ServicesService, you are requesting that we or our Service Provider attempt to make payments for you from your Eligible Transaction Account. If the Payment Instruction cannot be completed for any reason associated with your Eligible Transaction Account (for example, there are insufficient funds in your Eligible Transaction Account, or the Payment Instruction would exceed the credit or overdraft protection limit, if any, of your Eligible Transaction Account, to cover the payment), the Payment Instruction may or may not be completed. In certain circumstances, the a. You will reimburse our Service Provider may either advance funds drawn on its corporate account or via an electronic debit and, in such circumstances, will attempt to debit your Eligible Transaction Account a second time to complete the Payment Instruction. In some instances, you will receive a return notice from us or our Service Provider. In each such case, you agree that: a. you will reimburse us immediately upon demand the amount of the Payment Instruction if the payment has been delivered but there are insufficient funds in, or insufficient credit or overdraft protection credits associated with, your Eligible Transaction Account Accoun t to allow the debit processing to be completed; b. You may be assessed a late fee equal to one and a half percent (1.5%) of any unpaid amounts plus costs of collection by our Service Provider or their third -party contractor if the Payment Instruction cannot be debited because you have insufficient funds in your Eligible Transaction Account, or the transaction would exceed the credit or overdraft protection limit of your Eligible Transaction Account, to cover the payment, or if the funds cannot otherwise be collected from you. The aforesaid amounts will be charged in addition to any NSF charges that may be assessed by us, as set forth in your fee schedule from us (including as disclosed on the Site) or your account agreement with us. You hereby authorize us a nd our Service Provider to complete the debit processingdeduct all of these amounts from your designated Eligible Transaction Account, including by ACH debit; b. you will reimburse us for any fees or costs we incur in attempting to collect any amounts from you, including the costs of using a third-party collections contractor; and c. we are Service Provider is authorized to report the facts concerning uncollected amounts the return to any credit reporting agency.