Common use of Overdrafts (Order of Payments, Transfers, and other Withdrawals) Clause in Contracts

Overdrafts (Order of Payments, Transfers, and other Withdrawals). In the normal course of business, we generally pay all transactions, per the banks policy in the following order; one (1) electronic transactions first in order they are presented for payment, then two (2) checks cashed or checks issued for loan payment of bank products then three (3) all other checks by serial number on paying day. The bank reserves the right to change the order of payment without notice if fraud or possible illegal activity affecting the account is suspected.

Overdrafts (Order of Payments, Transfers, and other Withdrawals). In the normal course of business, we generally pay all transactions, per the banks policy in the following order; one (1) electronic transactions first in order they are presented for payment, then two (2) checks cashed or checks issued for loan payment of bank products then three (3) all other checks by serial number on paying day. The bank reserves the right to change the order of payment without notice if fraud or possible illegal activity affecting the account is suspectedissuspected.