Common use of Negative Balances Clause in Contracts

Negative Balances. If you do not have enough money in your account to cover the amount of a transfer or other transaction (e.g., Debit Card transaction, teller cash withdrawal, xxxx payment, or other electronic transaction), we may reject the transaction without payment. We may elect, however, in our sole discretion to create a negative balance in your account by permitting the transaction. If we permit a negative balance or otherwise allow your account balance to drop below zero, you agree to pay the amount of the overdraft promptly, without notice or demand from us. You agree that we may use subsequent deposits and other credits to the account, including without limitation, deposits of government, welfare, retirement and Social Security benefits, to cover any negative balance existing in your account, to the fullest extent permitted by law. Our allowance of transactions that create negative balances in no way obligates us to continue that practice at a later time. We may discontinue permitting negative balances without cause or notice to you. We discourage the practice of overdrawing accounts.

Negative Balances. If you do not have enough money in your account to cover the amount of a transfer check or other transaction (e.g., Debit Card transaction, teller cash withdrawal, xxxx payment, or other electronic transaction), we may return the check or reject the transaction without payment. We may elect, however, in our sole discretion to create a negative balance in your account by paying the check or permitting the transaction. If we permit a negative balance or otherwise allow your account balance to drop below zero, you agree to pay the amount of the overdraft promptly, without notice or demand from us. You agree that we may use subsequent deposits and other credits to the account, including without limitation, money in your Money Vault account, deposits of government, welfare, retirement and Social Security benefits, to cover any negative balance existing in your account, to the fullest extent permitted by law. Our payment of any checks or allowance of transactions that create negative balances in no way obligates us to continue that practice at a later time. We may discontinue permitting negative balances without cause or notice to you. We discourage the practice of overdrawing accounts.

Negative Balances. If you do not have enough money in your account to cover the amount of a transfer check or other transaction (e.g., Debit Card transaction, teller cash withdrawal, xxxx payment, or other electronic transaction), we may return the check or reject the transaction without payment. We may elect, however, in our sole discretion to create a negative balance in your account by paying the check or permitting the transaction. If we permit a negative balance or otherwise allow your account balance to drop drops below zero, you agree to pay the amount of the overdraft promptly, without notice or demand from us. You agree that we may use subsequent deposits and other credits to the account, including without limitation, money in your High-Yield Savings account, deposits of government, welfare, retirement and Social Security benefits, to cover any negative balance existing in your account, to the fullest extent permitted by law. Our payment of any checks or allowance of transactions that create negative balances in no way obligates us to continue that practice at a later time. We may discontinue permitting negative balances without cause or notice to you. We discourage the practice of overdrawing accounts.

Negative Balances. If you do not have enough money in your account to cover the amount of a transfer check or other transaction (e.g., Debit Card transaction, teller cash withdrawal, xxxx payment, or other electronic transaction), we may return the check or reject the transaction without payment. We may elect, however, in our sole discretion to create a negative balance in your account by paying the check or permitting the transaction. If we permit a negative balance or otherwise allow your account balance to drop drops below zero, you agree to pay the amount of the overdraft promptly, without notice or demand from us. You agree that we may use subsequent deposits and other credits to the account, including without limitation, deposits of government, welfare, retirement and Social Security benefits, to cover any negative balance existing in your account, to the fullest extent permitted by law. Our payment of any checks or allowance of transactions that create negative balances in no way obligates us to continue that practice at a later time. We may discontinue permitting negative balances without cause or notice to you. We discourage the practice of overdrawing accounts.

Negative Balances. If you do not have enough money in your account to cover the amount of a transfer check or other transaction (e.g., Debit Card transaction, teller cash withdrawal, xxxx bill payment, or other electronic transaction), we may return the check or reject the transaction without payment. We may elect, however, in our sole discretion to create a negative balance in your account by paying the check or permitting the transaction. If we permit a negative balance or otherwise allow your account balance to drop drops below zero, you agree to pay the amount of the overdraft promptly, without notice or demand from us. You agree that we may use subsequent deposits and other credits to the account, including without limitation, money in your High-Yield Savings account, deposits of government, welfare, retirement and Social Security benefits, to cover any negative balance existing in your account, to the fullest extent permitted by law. Our payment of any checks or allowance of transactions that create negative balances in no way obligates us to continue that practice at a later time. We may discontinue permitting negative balances without cause or notice to you. We discourage the practice of overdrawing accounts.

Negative Balances. If you do not have enough money in your account to cover the amount of a transfer check or other transaction (e.g., Debit Card transaction, teller cash withdrawal, xxxx payment, or other electronic transaction), we may return the check or reject the transaction without payment. We may elect, however, in our sole discretion to create a negative balance in your account by paying the check or permitting the transaction. If we permit a negative balance or otherwise allow your account balance to drop below zero, you agree to pay the amount of the overdraft promptly, without notice or demand from us. You agree that we may use subsequent deposits and other credits to the account, including without limitation, money in your High-Yield Savings account, deposits of government, welfare, retirement and Social Security benefits, to cover any negative balance existing in your account, to the fullest extent permitted by law. Our payment of any checks or allowance of transactions that create negative balances in no way obligates us to continue that practice at a later time. We may discontinue permitting negative balances without cause or notice to you. We discourage the practice of overdrawing accounts.

Negative Balances. If you do not have enough money in your account to cover the amount of a transfer check or other transaction (e.g., Debit Card transaction, teller cash withdrawal, xxxx bill payment, or other electronic transaction), we may return the check or reject the transaction without payment. We may elect, however, in our sole discretion to create a negative balance in your account by paying the check or permitting the transaction. If we permit a negative balance or otherwise allow your account balance to drop below zero, you agree to pay the amount of the overdraft promptly, without notice or demand from us. You agree that we may use subsequent deposits and other credits to the account, including without limitation, money in your Money Vault account, deposits of government, welfare, retirement and Social Security benefits, to cover any negative balance existing in your account, to the fullest extent permitted by law. Our payment of any checks or allowance of transactions that create negative balances in no way obligates us to continue that practice at a later time. We may discontinue permitting negative balances without cause or notice to you. We discourage the practice of overdrawing accounts.