Common use of Obligation to Repay Clause in Contracts

Obligation to Repay. If we authorize and pay a Card purchase transaction that exceeds the Available Balance of your account, you must pay the negative balance, including any overdraft fees and other applicable transaction fees, immediately by depositing funds to your account. We may, at any time, in our sole discretion and without notice to you, offset any negative balance in your account with incoming deposits, funds in your High- Yield Savings Account, and credits to your account and with funds from any other account you open or maintain with us. We will not, however, use funds in your High- Yield Savings Account to prevent an overdraft transaction (see Section 13 titled “High- Yield Savings Account” for details).

Appears in 3 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

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Obligation to Repay. If we authorize and pay a Card purchase transaction that exceeds the Available Balance of your accountAccount, you must pay the negative balance, including any overdraft fees and other applicable transaction fees, immediately by depositing funds to your primary deposit account. We may, at any time, in our sole discretion and without notice to you, offset any negative balance in your primary deposit account with incoming deposits, funds in your High- Yield Savings Account, and credits to your account primary deposit account, and separately with funds from any other account you open or maintain with us. We will not, however, use funds in your High- Yield Savings Account to prevent an overdraft transaction (see Section 13 7 titled “High- Yield Savings Account” for details).

Appears in 3 contracts

Samples: Go2bank Deposit Account Agreement, Cayisbank Deposit Account Agreement, Go2bank Deposit Account Agreement

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Obligation to Repay. If we authorize and pay a Card purchase transaction that exceeds the Available Balance of your accountAccount, you must pay the negative balance, including any overdraft fees and other applicable transaction fees, immediately by depositing funds to your primary deposit account. We may, at any time, in our sole discretion and without notice to you, offset any negative balance in your primary deposit account with incoming deposits, funds in your High- Yield Savings AccountMoney Vault, and credits to your account primary deposit account, and separately with funds from any other account you open register or maintain with us. We will not, however, use funds in your High- Yield Savings Account Money Vault to prevent an overdraft transaction (see Section 13 9.f. titled “High- Yield Savings AccountMoney Vault Transfers” for details).

Appears in 1 contract

Samples: Deposit Account Agreement

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