Common use of Negative Balances and Right to Set Off Clause in Contracts

Negative Balances and Right to Set Off. Each time you use the Card, you authorize us to reduce the available value of the Card Account by the amount of the transaction and any applicable fees. You are not allowed to exceed the available amount in the Card Account through an individual transaction or a series of transactions. Nevertheless, if a transaction is made and/ or a fee is assessed which results in a negative balance, you are fully liable to us for the amount of the transaction and any fees, as applicable. If there is a negative balance, any funds subsequently loaded to the Card Account will first be applied to the negative balance, if any. This means, the available balance will be less than the load amount credited to your Card Account. If a Card Account balance remains negative for fifteen (15) days, you understand that the funds in any of your PLS Financial Services, Inc. managed Card Accounts issued by The Bancorp Bank can be used to cure the negative balance. This means, there is a right to set-off any liability, direct or contingent, past, present or future that you owe against any Card Account. By activating the Card or by retaining, using or authorizing the use of the Card you xxxxx x xxxx on and a security interest in the funds on deposit in each Card Account as security for all your liabilities and obligations, now or in the future with us.

Negative Balances and Right to Set Off. Each time you use the Card, you authorize us to reduce the available value of the Card Account by the amount of the transaction and any applicable fees. You are not allowed to exceed the available amount in the Card Account through an individual transaction or a series of transactions. Nevertheless, if a transaction is made and/ or and/or a fee is assessed which results in a negative balance, you are fully liable to us for the amount of the transaction and any fees, as applicable. If there is a negative balance, any funds subsequently loaded to the Card Account will first be applied to the negative balance, if any. This means, the available balance will be less than the load amount credited to your Card Account. If a Card Account balance remains negative for fifteen (15) days, you understand that the funds in any of your PLS Financial Services, Inc. managed Card Accounts issued by The Bancorp Bank can be used to cure the negative balance. This means, there is a right to set-off any liability, direct or contingent, past, present or future that you owe against any Card Account. By activating the Card or by retaining, using or authorizing the use of the Card you xxxxx x xxxx on and a security interest in the funds on deposit in each Card Account as security for all your liabilities and obligations, now or in the future with us.

Negative Balances and Right to Set Off. Each time you use the Card, you authorize us to reduce the available value of the Card Account by the amount of the transaction and any applicable fees. You are not allowed to exceed the available amount in the Card Account through an individual transaction or a series of transactions. Nevertheless, if a transaction is made and/ or a fee is assessed which results in a negative balance, you are fully liable to us for the amount of the transaction and any fees, as applicable. If there is a negative balance, any funds subsequently loaded to the Card Account will first be applied to the negative balance, if any. This means, the available balance will be less than the load amount credited to your Card Account. If a Card Account balance remains negative for fifteen (15) days, you understand that the funds in any of your PLS American Financial ServicesIntegrity, Inc. managed Card Accounts issued by The Bancorp Bank can be used to cure the negative balance. This means, there is a right to set-off any liability, direct or contingent, past, present or future that you owe against any Card Account. By activating the Card or by retaining, using or authorizing the use of the Card you xxxxx x xxxx on and a security interest in the funds on deposit in each Card Account as security for all your liabilities and obligations, now or in the future with us.

Negative Balances and Right to Set Off. Each time you use the Card, you authorize us to reduce the available value of the Card Account by the amount of the transaction and any applicable fees. You are not allowed to exceed the available amount in the Card Account through an individual transaction or a series of transactions. Nevertheless, if a transaction is made and/ or and/or a fee is assessed which results in a negative balance, you are fully liable to us for the amount of the transaction and any fees, as applicable. If there is a negative balance, any funds subsequently loaded to the Card Account will first be applied to the negative balance, if any. This means, the available balance will be less than the load amount credited to your Card Account. If a Card Account balance remains negative for fifteen (15) days, you understand that the funds in any of your PLS Financial Services, Inc. managed Card Accounts issued by The Bancorp Bank Bank, N.A. can be used to cure the negative balance. This means, there is a right to set-off any liability, direct or contingent, past, present or future that you owe against any Card Account. By activating the Card or by retaining, using or authorizing the use of the Card you xxxxx x xxxx on and a security interest in the funds on deposit in each Card Account as security for all your liabilities and obligations, now or in the future with us.