Common use of Paying Checks and Other Items Clause in Contracts

Paying Checks and Other Items. FSB may debit your account for a check or other item drawn on your account either on the day it is presented to FSB for payment, by electronic or other means, or on the day FSB receives notice that the item has been deposited for collection at another financial institution – whichever is earlier. If you do not have sufficient available funds to cover the item, FSB decides whether to return it or to pay it and overdraw your account. FSB may determine your balance and make its decision on an insufficient funds item at any time between FSB’s receipt of the item or notice and the time FSB must return the item. FSB is required to determine your account balance only once during this time period.

Paying Checks and Other Items. FSB may debit your account for a check or other item drawn on your account either on the day it is presented to FSB for payment, by electronic or other means, or on the day FSB receives notice that the item has been deposited for collection at another financial financial institution – whichever is earlier. If you do not have sufficient sufficient available funds to cover the item, FSB decides whether to return it or to pay it and overdraw your account. FSB may determine your balance and make its decision on an insufficient insufficient funds item at any time between FSB’s receipt of the item or notice and the time FSB must return the item. FSB is required to determine your account balance only once during this time period.

Paying Checks and Other Items. FSB may debit your account for a check or other item drawn on your account either on the day it is presented to FSB for payment, by electronic or other means, or on the day FSB receives notice that the item has been deposited for collection at another financial financial institution – - whichever is earlier. If you do not have sufficient sufficient available funds to cover the item, FSB decides whether to return it or to pay it and overdraw your account. FSB may determine your balance and make its decision on an insufficient insufficient funds item at any time between FSB’s receipt of the item or notice and the time FSB must return the item. FSB is required to determine your account balance only once during this time period.