Payment Order of Items Sample Clauses

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.
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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 those items. Generally our policy is to process withdrawals first, by dollar amount - smallest to largest on the day they are processed. We process POS transactions second, by dollar amount - smallest to largest on the day they are processed. We process ATM transactions third, by dollar amount - smallest to largest on the day they are processed. We process online transfer withdrawals fourth, by dollar amount - smallest to largest on the day they are processed. We process checks you have written fifth, according to the serial number order on the day they are processed. We process ACH transactions sixth, by dollar amount - smallest to largest on the day they are processed. If a check, item or transaction (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 (creating an overdraft) or return the item for insufficient funds (NSF). We will not charge you a fee for paying an overdraft of an ATM or everyday debit card transaction if this is a consumer account and you have not opted-in to that service. Occasionally, these items may not be posted in the order described above, which may affect the number of items overdrawn or returned unpaid and the amount of fees you may have to pay. The amounts of the overdraft and NSF fees are disclosed elsewhere, as are your rights to opt in to overdraft services for ATM and everyday debit card transactions, if applicable. 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. CHECK PROCESSING - We process items mechanically by relying solely on the information encoded in magnetic ink along the bottom of the items. This means that we do not individually examine all of your items to determine if the item is properly completed, signed and endorsed or to determine if it contains any information other than what is encoded in magnetic ink. You agree that we have exercised ordinary care if our automated processing is consis...
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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
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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:
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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.
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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.
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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 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.
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Related to Payment Order of Items

  • Payment Orders You may instruct the Credit Union to execute a Wire Transfer(s) on your behalf (each a “Payment Order”) by submitting the Payment Order to the Credit Union in such form as the Credit Union requires, and by following the procedures established by the Credit Union for verifying the authenticity of Payment Orders (“Security Procedure”).

  • Payment Order an order from the Payer or the Recipient to the provider of payment services to execute a Payment operation.

  • Master Agreement Order of Precedence a. Any Order placed under this Master Agreement shall consist of the following documents:

  • 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:

  • Order of Layoffs Employees shall be laid off in reverse order of their seniority. When layoffs occur, the employee(s) occupying the position(s) affected shall have the right to accept the layoff, or be entitled to exercise their seniority to bump a less senior employee, providing they have the qualifications, ability and skills to perform the work of the position they chose to bump into. The employee must be able to perform the job within a reasonable period of orientation. Such period of orientation not to exceed thirty (30) working days.

  • 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.

  • Contract Documents; Order of Precedence The Contract Documents shall consist of the following: this Contract, Exhibits A-F to this Contract, and the Proposal (as modified hereby). In the event of conflict or variance between the body of this Contract (Sections 1-16) and any other document comprising the Contract Documents, this Contract shall govern. Conflicts and variances among the documents comprising the Contract Documents shall be resolved by giving precedence in the following order: This Contract, the Exhibits, and the Proposal.

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