Common use of Posting Order Clause in Contracts

Posting Order. Posting order is the order in which FSB applies credits and debits to your account during processing after the end of FSB’s business day. Credits are transactions that increase your account balance, such as cash and check deposits. Debits are transactions that decrease your account balance, such as debit card purchases and other withdrawals. FSB generally processes your credits and debits as follows: • First, FSB posts credits to your account that have been received by FSB before the cutoff time on a business day. See the Determining When A Deposit Is Received provision in the Funds Availability section for the cutoff times of various deposit types. • Second, FSB posts debits that have been presented to FSB for final payment before FSB’s end-of-business-day processing.

Posting Order. Posting order is the order in which FSB applies credits and debits to your account during processing after the end of FSB’s business day. Credits are transactions that increase your account balance, such as cash and check deposits. Debits are transactions that decrease your account balance, such as debit card purchases and other withdrawals. FSB generally processes your credits and debits as follows: • First, FSB posts credits to your account that have been received by FSB before the cutoff time on a business day. See the Determining When A Deposit Is Received provision in the Funds Availability section for the cutoff times of various deposit types. • Second, FSB posts debits that have been presented to FSB for final final payment before FSB’s 's end-of-business-day processing.