Payment of Items. For purposes of this subsection, an ³LWHaPd´eb itLtoVyour account which includes a check, substitute check, purported substitute check, electronic item or transaction, draft, demand draft, remotely created item, image replacement document, indemnified copy, ATM withdrawal or transfer, PIN-based point of sale transaction, signature-based point of sale transaction, preauthorized payment, automatic transfer, telephone-initiated transfer, ACH transaction, Online Banking transfer or bill payment instruction, withdrawal slip, in-person transfer or withdrawal, cash ticket, deposit adjustment, any other instruction or order for the payment, transfer, or withdrawal of funds, and an image or photocopy of any of the foregoing. Transactions are processed each banking day during nightly processing. Once your transactions are processed, the results are posted to your account. Truist will post items to your account based on your available balance. The available balance can be impacted by pending transactions. Examples of common pending transactions include the following but is not an exhaustive list and there may be other pending transactions that have not been included. Transfers from another Truist account, Visa Money Transfer Credits, and Zelle Payments that are made before nightly processing begins (generally around 11:59 p.m. ET) will be added to your available balance. Authorization holds affect the availability of funds by reducing the available balance. Truist deducts authorized holds from the funds you have available to cover any outstanding items, including checks drawn on your account as well as other withdrawals such as ACH transactions. Your account history reflects the current balance, not the available balance. If you use your ATM Card or Debit Card to purchase goods and services, including Internet purchases (point-of-sale transactions), you authorize us to debit your deposit account, and you agree that your authorization may result in an immediate memo debit UHGXFLQJ WKH DFFRXQW¶V DYDLtraOnsDaEctiOonHm ayEnDotObeDQFH HY finally posted to that account until a later date. You also understand that you may overdraw your account if you make a withdrawal, write checks or make point of sale purchases against funds that are needed to pay ATM/Debit Card transactions that have been authorized but not yet posted to your account. Please see the Electronic Fund Transfer Agreement & Disclosures section for full details. Based on account type, overdraft fees ma...
Payment of Items. We may, at our discretion, refuse payment of, and return as unpaid, any item drawn on an Account if the balance of collected funds in the Account is insufficient to pay the total amount of such item, and a service fee will be charged against the Account for the processing and return of the item. We accept no responsibility for the payment of items which are presented the same Banking Day on which deposits are made to an Account, unless there is already a sufficient balance of collected and readily available funds in the Account to pay the total amount of such item. Payment of an item may be refused by us, at our sole discretion, if the item is written in pencil, illegible, improperly prepared, stale or post-dated, presented beyond the date of payment, contains a double endorsement or is not negotiable for any reason.
Payment of Items. A. It shall be the responsibility of teachers to pay for any items which they order without obtaining proper authorization and it shall be the responsibility of the teachers to pay for items which are kept beyond the examination period without authorization to do so.
Payment of Items. From and after the Closing Date, Buyer agrees to pay, to the extent of sufficient available funds on deposit, all properly drawn items, including ACHs, checks, drafts, and negotiable orders of withdrawal timely presented to it by mail, over its counters, or through clearings if such items are drawn by depositors whose Deposits or accounts on which such items are drawn are Deposits, whether drawn on the check or draft forms provided by Seller, for at least 120 days after the Closing Date, or on those provided by Buyer. In addition, Buyer shall, in all other respects, discharge the duties, liabilities and obligations with respect to the Deposits to the extent such duties, liabilities or obligations occur following the Closing.
Payment of Items. For a period of ninety (90) days after the Effective Time, Buyer will pay in accordance with law and customary banking practices all properly drawn and presented checks, drafts and withdrawal orders presented to Buyer drawn on the checks, drafts or withdrawal order forms provided by Seller and in all other respects discharge, in the usual course of the banking business, the duties and obligations of Seller with respect to the Deposits.
Payment of Items. (1) The Bank is authorized to pay any Item drawn on an Account, in accordance with the Bank’s procedures. The Bank is authorized to debit the Account on which the Item is drawn on the day the Item is presented, certified or accepted, or at such earlier time that the Bank receives notice by electronic or other means that an Item drawn on an Account has been deposited for collection at another depositary institution. The Bank may determine Account balances in order to decide whether to dishonor an Item for insufficient funds at any time between receiving such presentment or notice and the time of the return of the Item.
Payment of Items. Helm may, at its discretion, refuse payment of, and return as unpaid, any item drawn on an Account if the balance of collected funds in the Account is insufficient to pay the total amount of such item, and a service fee will be charged against the Account for the processing and return of the item. Helm may, in its discretion disregard any information on a check presented for payment on your Account other than the signature(s) of the drawers, the identification of the drawee bank, the payee, the amount, the date and the information which appears in the MICR line. Customer agrees to be liable for any damages suffered by the Helm as a result of any other information written on the face or back of any check. Xxxx accepts no responsibility for the payment of items which are presented the same Banking Day on which deposits are made to an Account, unless there is already a sufficient balance of collected funds in the Account to pay the total amount of such item. Payment of an item may be refused by Xxxx, at its sole discretion, if the item is written in pencil, illegible, improperly prepared, stale or post-dated, presented beyond the date of payment, contains a double endorsement or is not negotiable for any reason.
Payment of Items. If an item is presented without sufficient funds in your account to pay it, we may, at our discretion, pay the item (creating an overdraft) or return the item (NSF) and you should deposit funds sufficient to cover your overdrafts and our fees immediately or on demand. The amounts of the overdraft and NSF fees are disclosed in the Schedule of Fees. We encourage you to make careful records and practice good account management.This will help you avoid writing checks or drafts without sufficient funds and incurring the resulting fees. Setoff: We may (without prior notice and when permitted by law) set off funds in this account against any due and payable debt you owe us now or in the future, by any of you having the right of withdrawal, to the extent of such persons’ or legal entity’s right to withdraw. If the debt arises from a note, “any due and payable debt” includes the total amount of which we are entitled to demand payment under the terms of the note at the time we set off, including any balance the due date for which we properly accelerate under the note. This right of setoff does not apply to this account if: (a) it is an XXX or other tax-deferred retirement account, or (b) the debt is created by a consumer credit transaction under a credit card plan (but this does not affect our rights under any consensual security interest), or (c) the debtor’s right of withdrawal only arises in a representative capacity. We will not be liable for the dishonor of any check when the dishonor occurs because we set off a debt against this xxxxxxx.Xxx agree to hold us harmless from any claim arising as a result of our exercise of our right of setoff. OUR FUNDS AVAILABILITY POLICY Our policy is to delay the availability of funds from your cash and check deposits. During the delay, you may not withdraw the funds in cash and we will not use the funds to pay checks that you have written.
Payment of Items. Bank may, at its discretion, refuse payment of, and return as unpaid, any item drawn on an Account if the balance of collected funds in the Account is insufficient to pay the total amount of such item, and a service fee will be charged against the Account for the processing and return of the item. Bank accepts no responsibility for the payment of items which are presented the same Banking Day on which deposits are made to an Account, unless there is already a sufficient balance of collected funds in the Account to pay the total amount of such item. Payment of an item may be refused by the Bank, at its sole discretion, if the item is written in pencil, illegible, improperly prepared, stale or post-dated, presented beyond the date of payment, contains a double endorsement or is not negotiable for any reason.
Payment of Items. For purposes of this subsection, an “item” is a debit to your Account which includes a check, substitute check, purported substitute check, electronic item or transaction, draft, remotely created item, image replacement document, indemnified copy, preauthorized payment, automatic transfer, ACH transaction, online banking transfer or bill payment instruction, deposit adjustment, any other instruction or order for the payment, transfer, or withdrawal of funds, and any image or photocopy of any of the foregoing. For each Business Day, for check transactions, we will post all check transaction credits to your Account first, in low to high dollar amount. Following these check transaction credits all check transaction debits will post to your Account in low to high dollar amount. For each Business Day, for ACH, Wire, Debit Card and Internal transfers, we will post all transactions in chronological order. Items sent by third parties for temporary or provisional authorization prior to being submitted for final payment will post according to the date and time of the authorization request. We may change the posting order or categories at any time. We have the discretion to process items even if your Account has an insufficient available balance to pay such items. Your “available” balance represents the amount of funds available for withdrawal or to pay items presented against your Account, less funds subject to holds for any reason (including holds arising from Account transactions that have been temporarily or provisionally authorized but not yet presented for final payment, and for requested Account transactions that are being processed) (your “Available Balance”). The Available Balance may not be the same as your “current” or “posted” balance. For example, your Available Balance may be reduced by a transaction in which a third-party payee has obtained authorization from us but that has not been presented for payment. (See also the “Funds Availability Disclosure” section below.) If, for any reason, a transaction is processed for more than the Available Balance in your Account, you are liable for that entire amount and agree to pay such negative balance to us immediately on demand. In the check payment process, the Bank employs techniques to assist in the detection of unauthorized items that may be presented against your Account for payment. If a particular item appears to represent unusual activity on your Account, you authorize us, in our discretion, to reject th...
