Payment Order of Items Sample Clauses

Payment Order of Items. When processing checks drawn on your Account, the Bank’s policy is to pay them in check number order. Lower numbered checks are paid first. Items without check numbers, such as electronic transactions, post first before checks presented are processed. The order in which items are paid is important if there is not enough money in your Account to pay all of the items that are presented. There is no policy that is favorable in every instance. If the smallest items are paid first, you may have fewer NSF or overdraft fees, but the largest, and perhaps more important items (such as rent or mortgage payments) might not be paid. However, if the largest items are paid first, your most important items might be paid but it may increase the overdraft or NSF fees if funds are not available to pay all of the items. The Bank’s policy attempts to attain a reasonable balance between minimizing additional cost to you and paying your more important items, given the assumption you desire to have checks paid in the order you wrote them. If an item is presented without sufficient funds in your Account to pay it, Bank may, at its discretion, pay the item (creating or increasing an overdraft) or return the item for NSF. The Bank may charge fees for overdrafts and NSF and such fees are disclosed in the Schedule. Additionally, a merchant may present an item or payment multiple times if the amount of money in your Account is not sufficient at the time of presentment of the item or payment. An NSF fee may apply each time an item or payment is presented; regardless of the number of times the item or payment is presented. The Bank encourages you to make careful records and practice good Account management. This will help you to avoid creating items without sufficient funds and incurring the resulting fees. Withdrawal Restrictions and Overdrafts Any signer on the Account, acting alone, has the authority to make withdrawals or transfers of all or any part of the Account balance at any time. Each Account owner (until Xxxx receives written notice to the contrary and Bank has had a reasonable opportunity to act on such written notice) authorizes each other person who signs or has authority to make withdrawals, as documented on the applicable signature card, to endorse any item payable to you or your order for deposit to the Account or any other transaction with Bank. Each Account owner also agrees to be jointly and severally liable for any Account shortage resulting from charges or overdraf...
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Payment Order of Items. The order in which items are presented may affect the fees assessed to your account. Most transactions are posted when you conduct them. The following transactions are generally posted real time or very near real time:  Transactions you conduct at a Summit Branch or through our Member Service Center  Transactions you conduct at shared branching locations  Your ATM deposits* and withdrawals  PIN Based Debit Card Transactions  Transfers you conduct using our automated phone system (“Quik Xxxx”)  Transfers you conduct using our Online Banking or Mobile Banking platforms For signature-based debit card transactions (see Section 12(b) for additional information), a merchant will usually seek prior authorization for a transaction. When that happens, an authorization hold is placed on your account. However, the subsequent posting (also referred to as “settlement”) of the transaction may lag hours or days based on when the merchant presents the transaction to the Credit Union for posting. We post settlement transactions at the time the Credit Union receives them. *Note that funds availability rules apply and funds deposited on a real time basis may not be made available immediately. For example, checks you deposit may be subject to uncollected funds holds. See our Funds Availability Policy for details. For ACH entries and checks, which are received in batch files, the Credit Union posts the transactions in the order in which they are received.
Sample 1
Payment Order of Items. The law permits us to pay items drawn on your account in any order (for purposes of this section "items" means checks, orders and other electronic transactions). To assist you in handling your account with us, we are providing you with the following information regarding how we process those items. TRANSACTION PROCESSING METHODOLOGY: Generally, the Bank processes your transactions in the following order: 1) Internal bank transactions/transfers; 2) ATM and other Cash Withdrawals; 3) Debit Card Transactions; 4) ACH; and 5) Checks. All categories are posted from smallest to largest dollar amount except for checks, which are posted in sequential order. The order in which items are paid is important if there is not enough money in your account to pay all the items that are presented. There is no policy that is favorable in every instance. If the smallest items are paid first, you may have fewer NSF or overdraft fees, but the largest and perhaps more important items (such as rent or mortgage payments) might not be paid. However, if the largest items are paid first, your most important items might be paid but it may increase the overdraft or NSF fees if funds are not available to pay all of the items. DEPOSIT ADJUSTMENTS:
Sample 1
Payment Order of Items. The law permits Stifel Bank to pay items (such as checks or drafts) drawn on your Account in any order. To assist you in handling your Account, we are provid- ing you with the following information regarding how Stifel Bank processes these items that you write. When processing items drawn on your Account, Stifel Bank’s general policy is to pay ATM payments first, followed by other electronic items and checks ac- cording to the dollar amount. Stifel Bank pays the smallest items first. The order in which items are paid is important if there are not sufficient funds in your Account to pay all of the items that are presented. If an item is presented without sufficient funds in your Account to pay it, Stifel Bank may, at their discretion, pay the item X. Banking Services Agreement – Checks, ACH Transactions, and Cards (Stifel|ONE Accounts) (creating an overdraft) or return the item (NSF). The amounts of the overdraft and NSF fees are disclosed in Section VII, We en- courage you to make careful records and practice good account management. This will help you to avoid writing checks or drafts without sufficient funds and incurring the resulting fees.
Sample 1
Payment Order of Items. The order in which items are paid is important if there is not enough money in your account to pay all of the items that are presented. The payment order can affect the number of items overdrawn or returned unpaid and the amount of the fees you may have to pay. To assist you in managing your account, we are providing you with the following information regarding how we process items presented to or received by us on the same business day. Our policy is to post deposits first. ATM withdrawals; debit card transactions; ACH credits and WEB transfers are posted as they are received throughout the day. ACH Debits are posted in the afterhours. Checks arriving on the same day will be posted smallest check amount to largest check amount. If an item other than an ATM or everyday debit card transaction is presented without sufficient funds in your account to pay it, we may, at our discretion, pay the item or return the item for insufficient funds. We encourage you to make careful records and practice good account management. This will help you to avoid creating items without sufficient funds and potentially incurring the resulting fees. Refer to the Fee Schedule. Terms and Conditions-WA Bankers Systems* TC-WA 6/30/2013 Wolters Kluwer Financial Services - 2009, 2012 Page 7 of 7
Sample 1
Payment Order of Items. The order in which items are presented may affect the total fees incurred by a customer. First, we process electronic items in the order in which they are received. Over the counter items are then processed in the order they are received. All other items shall be processed in serial number order. Additional Information - Your account agreement describes the duties, obligations, and rights of depositors, authorized signatories and the bank with regard to your deposit accounts. That account agreement is incorporated herein for all purposes as if it were set forth verbatim as to matters not directly addressed by this disclosure. Your account agreement and this disclosure shall be construed so as to minimize conflicts between them.
Sample 1
Payment Order of Items. The law permits us to pay items (such as checks or drafts) drawn on your Online Account in any order. To assist you in handling your Online Account with us, we are providing you with the following information regarding how we process items drawn on your Online Account. When processing items drawn on your Online Account, our policy is to pay them in the order that they are received. The order in which items are paid is important if there is not enough money in your Online Account to pay all of the items that are presented. There is no policy that is favorable in every instance. If the smallest items are paid first, you may have fewer NSF or overdraft fees, but the largest, and perhaps more important items (such as rent or mortgage payments) might not be paid. If an item is presented without sufficient funds in your Online Account to pay it, we may, at our discretion, pay the item (creating an overdraft) or return the item (NSF). The amounts of the overdraft and NSF fees are disclosed elsewhere. By paying items in the order that we receive them, we think our policy attains a reasonable balance between minimizing additional cost to you and paying your more important items. We encourage you to make careful records and practice good account management. This will help you to avoid writing checks or drafts without sufficient funds and incurring the resulting fees.
Sample 1
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Payment Order of Items. The law permits Stifel Bank to pay items (such as checks or drafts) drawn on your Account in any order. To assist you in handling your Account, we are provid- ing you with the following information regarding how Stifel Bank processes these items that you write. When processing items drawn on your Account, Stifel Bank’s general policy is to pay ATM payments first, followed by other electronic items and checks ac- cording to the dollar amount. Stifel Bank pays the smallest items first. The order in which items are paid is important if there are not sufficient funds in your Account to pay all of the items that are presented. If an item is presented without sufficient funds in your Account to pay it, Stifel Bank may, at their discretion, pay the item (creating an overdraft) or return the item (NSF). The amounts of the overdraft and NSF fees are disclosed in Section VII, We en- courage you to make careful records and practice good account management. This will help you to avoid writing checks or drafts without sufficient funds and incurring the resulting fees.
Sample 1

Related to Payment Order of Items

  • Order of Recall As vacancies occur, employees will be recalled to available work in the order of the seniority providing skill; competence and ability are considered substantially equal in the judgment of the Employer. Subject to the above qualifications, an employee on layoff shall be offered reinstatement to vacant positions prior to any employees being newly hired and after any appropriate internal transfers as further set forth in this section. Employees regularly assigned to a specific unit, department or facility will be given preferential consideration for transfer to other shifts or positions in that unit, department or facility over all other employees except more senior employees returning from layoff status to their previous unit and shift or position and department/facility. If any offer of recall is accepted, the employee shall be deemed recalled and be removed from the recall roster. Any recall of employees out of seniority will be communicated to the Union representative in advance of the recall.

  • Order of Layoff A. When a reduction in the work force is necessary, employees in regular positions and those occupying limited-term positions at the direction of their agency/department head shall be laid off in an order based on consideration of:

  • Stop Payment Orders If you do not want us to pay a check you have issued, you can request us to stop payment of that check. Any Authorized Representative may order us to stop payment on a check and we will charge a fee. See the fee schedule applicable to your Account for details. Your stop payment order must include your Account number, the number and date of your check, the amount, and the name of the payee. We are not responsible for stop payment orders with incorrect or incomplete information. If you make your stop payment order orally and do not confirm it in writing within fourteen (14) calendar days, we may not continue to honor it. Our acceptance of a stop payment order will not constitute a representation that the Item has not already been paid or that the Bank has had a reasonable opportunity to act upon the order. Your stop payment order will take effect only after we receive all required documents from you, we verify that the check is unpaid, we record it on your Account, and we have had sufficient time to notify the impacted areas of the Bank (which may take several days), and we will not be liable if we pay the check or for any related Losses you incur before the stop payment order has taken effect. We cannot stop payment on a check we have already cashed or a deposited check where the funds have already been withdrawn. You may not stop payment on money orders issued by the Bank or on official, certified, cashier’s, or teller’s checks issued by the Bank. In addition, you may not stop payment on checks governed by separate agreement, such as a check guaranty agreement. Your stop payment order will be effective for six (6) months, and can be renewed for six (6) more months for an additional fee. We have no obligation to notify you when your stop payment order expires. If you want to release a stop payment order, you must tell us in writing. If the check is presented for payment after a stop payment order expires, we may pay the check. In some cases, we may pay a check even if a stop payment order is in effect. For example, if we or another person or entity becomes a “holder in due course” of a check that you ask us to stop, we may still pay the check. When you place a stop payment order, you agree to indemnify us for all Losses we incur due to our refusal to pay the Item. You assign to us all rights against the payee or any other holder of the check. You agree to cooperate with us in any legal actions that we may take against these parties. Applicable Law may permit other limitations on our obligation to stop payments. Refer to Section 8 of this Agreement, “Electronic Funds Transfers,” for how to place a stop payment on electronic payments.

  • Stop Payment Order Request Any owner may request a stop payment order on any check or draft drawn on the owner’s account. To be binding, the order must be in writing, dated and signed, and must accurately describe the check or draft, including the exact account number, the check or draft number, and the exact amount of the check or draft. This exact information is necessary for the Credit Union’s computer to identify the check or draft. If we receive incorrect or incomplete information, we will not be responsible for failing to stop payment on the check or draft. In addition, we must receive sufficient advance notice of the stop payment order to allow us a reasonable opportunity to act on it. If we recredit your account after paying a check or draft over a valid and timely stop payment order, you agree to sign a statement describing the dispute with the payee, to assign to us all of your rights against the payee or other holders of the check or draft, and to assist us in any legal action.

  • Order of Payments Checks, drafts, transactions, and other items may not be processed in the order that you make them or in the order that we receive them. We may, at our discretion, pay a check, draft, or item, and execute other transactions on your account in any order we choose. The order in which we process checks, drafts, or items, and execute other transactions on your account may affect the total amount of overdraft fees that may be charged to your account. Please contact us if you have questions about how we pay checks or drafts and process transfers and withdrawals.

  • Order of Payment In the event of any insolvency or bankruptcy proceedings, or any receivership, liquidation, reorganization or other similar proceedings relative to the Corporation, or to its property or assets, or in the event of any proceedings for voluntary liquidation, dissolution or voluntary winding-up of the Corporation, whether or not involving insolvency or bankruptcy, or any marshalling of the assets and liabilities of the Corporation:

  • Normal order of application Except as any Finance Document may otherwise provide, any sums which are received or recovered by any Creditor Party under or by virtue of any Finance Document shall be applied:

  • Entitlement Orders If at any time the Securities Intermediary shall receive any Entitlement Order from the Assignee-Secured Party with respect to any 2016-B Collateral Account, the Securities Intermediary shall comply with such Entitlement Order without further consent by the Transferor, the Initial Secured Party or any other Person. If at any time the Assignee-Secured Party notifies the Securities Intermediary in writing that the Lien of the Indenture has been released and all Issuer Obligations have been paid, the Securities Intermediary shall thereafter comply with Entitlement Orders with respect to each 2016-B Collateral Account from the Initial Secured Party without further consent by the Transferor or any other Person. Notwithstanding anything to the contrary contained herein, if at any time the Securities Intermediary receives conflicting orders or instructions from the Assignee-Secured Party and the Initial Secured Party, the Securities Intermediary will follow the orders or instructions of the Assignee-Secured Party and not the Initial Secured Party.

  • Daily Order Confirmation All Agreement purchase orders will be approved daily by TIPS and sent to vendor. The vendor must confirm receipt of orders to the TIPS Member (customer) within 24 business hours. • Vendor custom website for TIPS: If Vendor is hosting a custom TIPS website, then updated pricing must be posted by 1st of each month.

  • ADB’s Review of Procurement Decisions 11. All contracts procured under international competitive bidding procedures and contracts for consulting services shall be subject to prior review by ADB, unless otherwise agreed between the Borrower and ADB and set forth in the Procurement Plan. SCHEDULE 5 Execution of Project and Operation of Project Facilities; Financial Matters

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