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

Overdrafts (Order of Payments, Transfers, and other Withdrawals). Transactions in your account will post in chronological order. If funds are withdrawn from any of your accounts by means of multiple transactions in any given day, and if the account contains insufficient funds to enable all transactions, the transactions posted after the point in time when the account has insufficient funds will either be refused or will result in an overdraft in your account, at the Bank’s sole discretion.