Payment of Overdrafts, definition

Payment of Overdrafts,. “Overdraft Protection Plan,” “Order of Payments,” and “Governing Law” are deleted. The section in the Consumer Electronic Fund Transfers Agreement and Disclosure entitled “Governing Law” is deleted. All other sections continue to apply, as supplemented by these Change in Terms, and are not replaced. Crediting of Deposits. Please refer to our Funds Availability Policy for information regarding when deposits are deemed received by us, and for information regarding when funds are made available. Please remember that even after we make funds available to you, and you have withdrawn the funds, you are responsible for checks and other items you deposit that are returned to us unpaid and for any other problems involving your deposit. ACCOUNT ACCESS - Access Options. We may return as unpaid any check or draft drawn on a form we do not provide. Any losses, expenses or fees we incur as a result of handling such a check or draft will be charged to your account. FUND TRANSFERS – Electronic fund transfers we permit that are subject to Article 4A of the Uniform Commercial Code, including Automated Clearinghouse (ACH) credit transactions and wire transfers, will be subject to such provisions of the Uniform Commercial Code as enacted by Hawaii (the state in which the Credit Union’s principal administrative office is located), except as otherwise provided in this Agreement or in the consumer electronic fund transfers agreement and disclosure. ACH transfers are subject to rules of the National Automated Clearinghouse Association (NACHA). If we execute requests for funds transfers by Xxxxxxx, such transfers are subject to the Federal Reserve Board’s Regulation J.
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Payment of Overdrafts,. “Overdraft Protection Plan,” “Order of Payments,” and “Governing Law” are deleted. OVERDRAFT DISCLOSURE Change in Terms1 OVERDRAFT AND RETURNED ITEM FEES. Unless otherwise specified in your account Fee Schedule, a fee will be assessed each time an item is returned, and there is no limit on the total fees that we can charge you for overdrafts on your account. FUNDS AVAILABILITY POLICY Change in Terms1 Reservation of Right to Hold.* In some cases, we will not make all of the funds that you deposit by check available to you on the business day we receive your deposit. Depending on the type of check that you deposit, funds may not be available until the third (3rd) business day after the day of your deposit. However, the first $200 of checks deposited will be available immediately on the business day of your deposit. If we are not going to make all of the funds from your deposit available on the business day we receive your deposit, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is made by mail, or drop box, or if we decide to take this action after you have left the premises, we will mail you the notice no later than the business day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available. Special Rules for ATM and Shared Branching Deposits. ATM and shared branching deposits are immediately posted to your account. However, deposits are subject to verification and are not available for immediate withdrawal. The first $200 of checks deposited will be available immediately on the business day of your deposit (irrespective of the manner in which the checks are deposited); the remainder may not be available until the third (3rd) business day after the day of your deposit for ATM and shared-branch deposits. We will not provide you with separate notice of the hold; however, you may check your “available funds” balance via Online Banking, Mobile Banking, Phone Banking (Private Line), or by contacting us. Checks deposited through ATMs or shared branching are subject to additional check hold provisions stated in this Policy. CONSUMER ELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE Change in Terms1 EFT SERVICES Debit Card. You may use your card and personal identification number (PIN) in ATMs of the Credit Union, and participating networks, and such other machines or facilities as the Credit Union may designate...
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Payment of Overdrafts,. “Overdraft Protection Plan,” “Order of Payments,” and “Governing Law” are deleted. The section in the Consumer Electronic Fund Transfers Agreement and Disclosure entitled “Governing Law” is deleted. All other sections continue to apply, as supplemented by these Change in Terms, and are not replaced. • Make loan payments from your share, checking, and loan accounts. • Obtain balance information for your share, checking, loan, certificate, and credit card accounts. • Obtain tax information on dividends earned on share and checking accounts or interest paid on loan accounts. • Open new accounts. • Place check stop payments. • Setup account alerts via SMS text, Push Notification or Email. • Setup alerts and controls on your debit card. • Set up recurring transactions. • Transfer funds from your share, checking, and line of credit accounts. • Verify the date and amount of recent deposits. • View eStatements.
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Examples of Payment of Overdrafts, in a sentence

  • Attached you will find our 3 most recent signed indirect cost rate agreements.

  • Section 4: Payment of Overdrafts Optional Overdraft Protection Plans.…Overdrafts paid by an advance on your Personal Line of Credit are subject to a per-item Automatic Overdraft Preauthorized Transfer Fee as disclosed in the Schedule of Fees and Charges.

  • Once the company resolves these issues, it can receive its allocation under the project.

  • Associational governance means in this context that the government relies heavily on tripartite con- sultation bodies and other forms of social dialogue when it comes to decision-making processes.

Related to Payment of Overdrafts,

  • Overdraft Obligations means, with respect to any Portfolio, the amount of any outstanding Overdraft(s) provided by the Custodian to such Portfolio together with all accrued interest thereon.

  • Overdraft Facility or ‘Facility’ means an authorised debit balance that may be offered to you at our discretion from time to time allowing your Account to go overdrawn up to an agreed Overdraft Limit.

  • Overdraft means any payment or transfer of funds on behalf of a Fund or series of a Fund for which there are, at the close of business on the date of such payment or transfer, insufficient funds held by the Custodian on behalf of such Fund or series thereof.

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Overdraft Rate means the per annum rate of interest, regardless of compounding frequency, designated by the Financial Institution as its “Overdraft Rate” from time to time.

  • Cash Management Obligations means obligations owed by the Company or any Subsidiary to any Lender or a Cash Management Bank in respect of (1) any overdraft and related liabilities arising from treasury, depository and cash management services or any automated clearing house transfers of funds and (2) the Company’s or any Subsidiary’s participation in commercial (or purchasing) card programs at the Lender or any Affiliate (“card obligations”).

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.

  • Cash Management Obligation means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of such Person under or in respect of a Cash Management Agreement.

  • Management Accounts means unaudited accounts which shall incorporate a profit and loss statement, cash flow statement and balance sheet.

  • Cash Advances These are from cash advances and cash equivalent transactions you make with your account. “Special Offers” These are from your use of the account to take advantage of special, introductory, or promotional offers we make available to you at times. Each such transaction may be kept track of separately on your statement and may be treated as its own Balance Category.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Cash Management System shall have the meaning assigned to such term in Section 9.01.

  • Specified Cash Management Agreement any agreement providing for treasury, depositary or cash management services, including in connection with any automated clearing house transfers of funds or any similar transactions between the Borrower or any Guarantor and any Lender or affiliate thereof.

  • Cash Management Services means any cash management or related services including treasury, depository, return items, overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer (including the Automated Clearing House processing of electronic funds transfers through the direct Federal Reserve Fedline system) and other customary cash management arrangements.

  • Cash Management Systems has the meaning ascribed to it in Section 1.8.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Cash Management Order means the order of the Bankruptcy Court entered in the Chapter 11 Case, together with all extensions, modifications and amendments that are in form and substance acceptable to the Agent in its Permitted Discretion, which, among other matters, authorizes the Loan Parties to use their cash management system, substantially in the form of Exhibit H.

  • Financing Accounts means, collectively, the Credit Account and the Grant Account (or, where the context so requires, either of the Credit Account or the Grant Account).”

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Accounts means all presently existing and hereafter arising accounts, contract rights, payment intangibles and all other forms of obligations owing to Borrower arising out of the sale or lease of goods (including, without limitation, the licensing of software and other technology) or the rendering of services by Borrower and any and all credit insurance, guaranties, and other security therefor, as well as all merchandise returned to or reclaimed by Borrower and Borrower’s Books relating to any of the foregoing.

  • Cash Advance Fees shall have the meaning specified in the Credit Card Agreement applicable to each Account for cash advance fees or similar terms.

  • Cash Advance means the amount requested by you and advanced to you by any method approved by us according to the terms of this Agreement in cash or cash equivalent items (including, but not limited to, money orders, travelers checks, lottery tickets, casino chips, vouchers redeemable for cash, or racetrack xxxxxx).

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.