Common use of Insufficient Balances Clause in Contracts

Insufficient Balances. You must maintain a sufficient available balance in your account to cover any items drawn on your account or that you issue. For the purposes of this paragraph, an “item” shall include any check, written order, or electronic transaction. If an item is presented to Alpine for payment at the time when there are insufficient funds available in your account to satisfy such item, Alpine may, in its sole discretion, pay the item or refuse payment and return the item as unpaid. If Alpine pays the item, you will be responsible for it. In the event that multiple items are presented to your account for payment at a time when there are insufficient funds available in your account to cover all of them, Alpine may, in its sole discretion, choose to pay some or all of these items. Should the Bank choose to pay only some of the items and return the others unpaid, Alpine will pay the smallest items first. You will be responsible for those items that Alpine pays regardless of whether sufficient funds were available in your account at the time we paid the item(s). Refer to the Schedule of Service Charges for fee information.