Common use of FEES AND SERVICE CHARGES Clause in Contracts

FEES AND SERVICE CHARGES. You are responsible for all fees and service charges arising from your account according to our Disclosure and Fee Schedule in effect at the time the charges are incurred or the services rendered. If your account is a business account, we may charge interest on uncollected funds at the interest rate established by us from time to time. We are authorized to collect our fees and service charges (i) by charging your account (even if the charge results in an overdraft), (ii) by deducting our fee for handling incoming and outgoing wire transfers from the amount transferred, (iii) by demanding payment from you directly, and (iv) by exercising our right of setoff. You agree that we may take any of the foregoing actions to collect fees and service charges you owe regardless of the source of the funds in your account and whether such funds may be exempt from any legal or equitable process (including, for example, funds from any type of government benefits such as social security, supplemental security income, or veterans’ benefits). We will not be responsible or liable for dishonoring items presented against your account when the payment of our fees and service charges results in insufficient funds in your account to cover the items presented. We are required to pay premiums to the Federal Deposit Insurance Corporation (FDIC) for insurance coverage of your account.

FEES AND SERVICE CHARGES. You are responsible for all fees and service charges arising from your account according to our Disclosure and Fee Schedule in effect at the time the charges are incurred or the services rendered. If your account is a business account, we may charge interest on uncollected funds at the interest rate established by us from time to time. We are authorized to collect our fees and service charges (i) by charging your account (even if the charge results in an overdraft), (ii) by deducting our fee for handling incoming and outgoing wire transfers from the amount transferred, (iii) by demanding payment from you directly, and (iv) by exercising our right of setoff. You agree that we may take any of the foregoing actions to collect fees and service charges you owe regardless of the source of the funds in your account and whether such funds may be exempt from any legal or equitable process (including, for example, funds from any type of government public benefits such as social security, supplemental security income, or veterans’ benefits). We will not be responsible or liable for dishonoring items presented against your account when the payment of our fees and service charges results in insufficient funds in your account to cover the items presented. We are required to pay premiums to the Federal Deposit Insurance Corporation (FDIC) for insurance coverage of your account.