Common use of Return Items Clause in Contracts

Return Items. Items deposited to the designated Account(s) which are returned unpaid because of “insufficient funds” or “uncollected funds,” or substantively similar reasons, will be debited from such Account(s). If such debits are necessary, Client authorizes WesBanco to charge the Client for the amount of the Item by debiting the Account(s) and sending the Item with debit advice to the address stated for receipt of the statement. If Client requests the Item to be redeposited, WesBanco will redeposit the Item once, with notice of return to the Client, and only with respect to Items returned for reason of “insufficient funds” or “uncollected funds.” The charge for returned Items will be at WesBanco’s then-current fee disclosed in its Fee Schedule. If alternative return requirements are desired, such requirements shall be reasonably agreed to by the parties in advance. In the event WesBanco is required to return a check for lack of endorsement thereon by the maker, Client authorizes WesBanco to endorse the check with the following restrictive endorsement: Pay to the Order of WesBanco Bank, Inc. Wheeling, WV 26003. Upon receipt of the corrected endorsement from the maker of such check, WesBanco shall deposit the check with such restrictive endorsement to the account of Client.