Common use of Electronic Statement Delivery Clause in Contracts

Electronic Statement Delivery. No Charge; Stop Payment Fee: $30.00 Per Item; Non-Sufficient Funds Fee: $30.00 Per Item; An “overdraft” is created when there are insufficient funds available in your Account to cover a withdrawal or debit presented against your Account. Unless we have agreed to a separate overdraft protection agreement with you, the following rules apply. We are not obligated to pay any overdraft. We may assess a Non-Sufficient Funds fee on any overdraft created by check, in-person withdrawal, ATM withdrawal, or other electronic means, whether we pay the item or not. Your account may be subject to a fee for each item regardless of whether we pay or return the item. We may charge a fee each time an item is submitted or resubmitted for payment; therefore, you may be assessed more than one fee as a result of a returned item and resubmission(s) of the returned item. Your account may be charged a maximum of four fees per day.