Multiple Fees definition

Multiple Fees means, for check transactions, the second or third NSF Fee or OD Fee charged to an accountholder when Chelsea Groton Bank returns a check for insufficient funds, a financial institution re-presents the check to Chelsea Groton Bank for payment, and Chelsea Groton Bank returns the check again for insufficient funds or pays the check despite insufficient funds. For ACH transactions, “Multiple Fees” means the second or third NSF Fee or OD Fee charged to an accountholder when Chelsea Groton Bank returns a debit entry for insufficient funds, an Originating Depository Financial Institution presents a Reinitiated Entry to Chelsea Groton Bank, and Chelsea Groton Bank returns the Reinitiated Entry for insufficient funds or pays the Reinitiated Entry despite insufficient funds.
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Multiple Fees means the second or third NSF Fee or UCF Fee charged to a member when GTE returns a check for insufficient funds, a financial institution re-presents the check to GTE for payment, and GTE returns the check again for insufficient funds or pays the check despite insufficient funds. For ACH transactions, Multiple Fees means the second or third NSF Fee or UCF Fee charged to a member when GTE returns a debit entry for insufficient funds, an ODFI presents a reinitiated entry to GTE, and GTE returns the reinitiated entry for insufficient funds or pays the reinitiated entry despite insufficient funds.
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Multiple Fees means, for check transactions, the second or third NSF Fee or OD Fee charged to an accountholder when ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Bank returns a check for insufficient funds, a financial institution re-presents the check to Chelsea Groton Bank for payment, and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Bank returns the check again for insufficient funds or pays the check despite insufficient funds. For ACH transactions, “Multiple Fees” means the second or third NSF Fee or OD Fee charged to an accountholder when ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Bank returns a debit entry for insufficient funds, an Originating Depository Financial Institution presents a Reinitiated Entry to ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Bank, and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Bank returns the Reinitiated Entry for insufficient funds or pays the Reinitiated Entry despite insufficient funds.
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Examples of Multiple Fees in a sentence

  • On November 30, 2022, Plaintiff filed a Complaint in the ▇’▇▇▇▇ Action in Connecticut Superior Court arising from ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Bank’s alleged practice of charging Multiple Fees, including NSF Fees and OD Fees, on a single item.

  • Some Settlement Class Members may be in both the Multiple Fees Class and the APPSN Fees Class and entitled to a payment from each.

  • Likewise, before the filing of the Complaint in the ▇’▇▇▇▇ Action, Chelsea Groton Bank voluntarily remediated Multiple Fees incurred during the period between August 1, 2020 and March 31, 2022.

  • The Net Settlement Fund will be allocated pro rata to the Settlement Class Members based on their number of Multiple Fees.

  • The Settlement Administrator shall divide the total amount of the Net Settlement Fund by the total amount of all Settlement Class Members’ Multiple Fees.


More Definitions of Multiple Fees

Multiple Fees means the second or third NSF Fee or OD Fee charged to an accountholder when ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Bank returns a debit entry for insufficient funds, an Originating Depository Financial Institution presents a Reinitiated Entry to ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Bank, and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Bank returns the Reinitiated Entry for insufficient funds or pays the Reinitiated Entry despite insufficient funds.
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