Common use of Provisional Credit Clause in Contracts

Provisional Credit. You acknowledge that credit for a payment order is provisional until the receiving financial institution obtains final settlement. If final settlement does not occur, the originator of the payment order is not deemed to have made payment to the beneficiary, and the beneficiary’s bank is entitled to a refund of the provisional credit. You agree that when we give you credit for an incoming payment order, including returned credited transactions or credit reversals, it is provisional until we receive final settlement for the payment order. We may delay availability of provisional funds at our discretion. If we do not receive final settlement, you must return the funds previously credited to your Account, and the person who sent the payment order will not be treated as having paid you. We may refuse to permit the use of any amount credited for an incoming payment order, including a debit entry or credit reversal, if we believe, in our sole discretion, that there may not be sufficient funds in your Account to cover chargeback or return of such transaction.

Provisional Credit. You acknowledge that credit for a payment order Payment Order, such as a wire transfer, is provisional until the receiving financial institution obtains final settlement. If final settlement does not occur, the originator of the payment order Payment Order is not deemed to have made payment to the beneficiary, and the beneficiary’s 's bank is entitled to a refund of the provisional credit. You agree that when we give you credit for an incoming payment orderPayment Order, including but not limited to, returned credited transactions or credit reversals, it is provisional until we receive final settlement for the payment orderPayment Order. We may delay availability of provisional funds at our discretion. If we do not receive final settlement, you must return the funds previously credited to your AccountAccount to us, and the person who sent the payment order Payment Order will not be treated as having paid you. We may refuse to permit the use of any amount credited for an incoming payment orderPayment Order, including but not limited to a debit entry or credit reversal, if we believe, believe in our sole discretion, discretion that there may not be sufficient funds in your Account to cover chargeback or return of such transaction.

Provisional Credit. You acknowledge that credit for a payment order is provisional until the receiving financial institution obtains final settlement. If final settlement does not occur, the originator of the payment order is not deemed to have made payment to the beneficiary, and the beneficiary’s 's bank is entitled to a refund of the provisional credit. You agree that when we give you credit for an incoming payment order, including but not limited to, returned credited credit transactions or credit reversals, it is provisional until we receive final settlement for the payment order. We may delay availability of provisional funds at our sole discretion. If we do not receive final settlement, you must return the funds previously credited to your Accountaccount to us, and the person who sent the payment order will not be treated as having paid you. We may refuse to permit the use of any amount credited for an incoming payment order, including but not limited to a debit entry or credit reversal, reversal if we believe, believe in our sole discretion, discretion that there may not be sufficient funds in your Account account to cover chargeback or return of such transaction.

Provisional Credit. You acknowledge that credit for a payment order Payment Order is provisional until the receiving financial institution obtains final settlement. If final settlement does not occur, the originator of the payment order Payment Order is not deemed to have made payment to the beneficiary, and the beneficiary’s 's bank is entitled to a refund of the provisional credit. You agree that when we give you credit for an incoming payment orderPayment Order, including but not limited to, returned credited transactions or credit reversals, it is provisional until we receive final settlement for the payment orderPayment Order. We may delay availability of provisional funds at our discretion. If we do not receive final settlement, you must return the funds previously credited to your AccountAccount to us, and the person who sent the payment order Payment Order will not be treated as having paid you. We may refuse to permit the use of any amount credited for an incoming payment orderPayment Order, including but not limited to a debit entry or credit reversal, reversal if we believe, believe in our sole discretion, discretion that there may not be sufficient funds in your Account to cover chargeback or return of such transaction.

Provisional Credit. You acknowledge that credit for a payment order is provisional until the receiving financial institution obtains final settlement. If final settlement does not occuroc cur, the originator of the payment order is not deemed to have made payment to the beneficiary, and the beneficiary’s 's bank is entitled to a refund of the provisional credit. You agree that when we give you credit for an incoming payment order, including but not limited to, returned credited transactions or credit reversals, it is provisional until we receive final settlement for the payment order. We may delay availability of provisional funds at our discretion. If we do not receive final settlement, you must return the funds previously credited to your Accountaccount to us, and the person who sent the payment order will not be treated as having paid you. We may refuse to permit the use of any amount credited for an incoming payment order, including but not limited to a debit entry or credit reversal, reversal if we believe, believe in our sole discretion, discretion that there may not be sufficient funds in your Account account to cover chargeback or return of such transaction.

Provisional Credit. You acknowledge that credit for a payment order is provisional until the receiving financial institution obtains final settlement. If final settlement does not occur, the originator of the payment order is not deemed to have made payment to the beneficiary, and the beneficiary’s bank is entitled to a refund of the provisional credit. You agree that when we give the Bank gives you credit for an incoming payment order, including returned credited transactions or credit reversals, it is provisional until we receive the Bank receives final settlement for the payment order. We The Bank may delay availability of provisional funds at our the Bank’s discretion. If we do the Bank does not receive final settlement, you must return the funds previously credited to your Account, and the person who sent the payment order will not be treated as having paid you. We The Bank may refuse to permit the use of any amount credited for an incoming payment order, including a debit entry or credit reversal, if we believethe Bank believes, in our the Bank’s sole discretion, that there may not be sufficient funds in your Account to cover chargeback or return of such transaction.

Provisional Credit. You acknowledge that credit for a payment order is provisional until the receiving financial institution obtains final settlement. If final settlement does not occur, the originator of the payment order is not deemed to have made payment to the beneficiary, and the beneficiary’s bank is entitled to a refund of the provisional credit. You agree that when we give you credit for an incoming payment order, including returned credited transactions or credit reversals, it is provisional until we receive final settlement for the payment order. We may delay availability of provisional funds at our discretion. If we do not receive final settlement, you must return the funds previously credited to your Account, and the person who sent the payment order will not be treated as having paid you. We may refuse to permit the use of any amount credited for an incoming payment order, including a debit entry or credit reversal, if we believe, in our sole discretion, that there may not be sufficient funds in your Account to cover chargeback or return of such transaction.transaction.‌

Provisional Credit. You acknowledge that credit for a payment order is provisional until the receiving financial institution obtains final settlement. If final settlement does not occur, the originator of the payment order is not deemed to have made payment to the beneficiary, and the beneficiary’s 's bank is entitled to a refund of the provisional credit. You agree that when we give you credit for an incoming payment order, including but not limited to, returned credited transactions or credit reversals, it is provisional until we receive final settlement for the payment order. We may delay availability of provisional funds fund s at our discretion. If we do not receive final settlement, you must return the funds previously credited to your Accountaccount to us, and the person who sent the payment order will not be treated as having paid you. We may refuse to permit the use of any amount amou nt credited for an incoming payment order, including but not limited to a debit entry or credit reversal, reversal if we believe, believe in our sole discretion, discretion that there may not be sufficient funds in your Account account to cover chargeback or return of such transaction.