Common use of Payment Limits Clause in Contracts

Payment Limits. Individual payments may be made in any amount not less than $1.00 and may not exceed $100,000.00 in total on any Business Day. Payments may not be in an amount that exceeds the Available Balance in your Account plus the amount of your Available Credit for the overdraft line of credit attached to the Account at the time the payment is initiated. You may not schedule duplicate payments. A duplicate payment is one that is scheduled to be made to the same Payee on the same day and for the same amount.

Payment Limits. Individual payments may be made in any amount not less than $1.00 and may not exceed $100,000.00 in total on any Business Day. Payments may not be in an amount that exceeds the Available Balance in your Account plus the amount of your Available Credit for the overdraft line of credit attached to the Account at the time the payment is initiated. You may not schedule duplicate payments. A duplicate payment is one that is scheduled to be made to the same Payee Recipient on the same day and for the same amount.