Processing Order Clause Samples
The Processing Order clause establishes the sequence in which tasks, requests, or data are handled under an agreement. It typically outlines whether items are processed on a first-come, first-served basis, by priority, or according to another specified method, and may apply to orders, service requests, or data submissions. By clearly defining the order of processing, this clause helps manage expectations, prevent disputes over delays or prioritization, and ensures a transparent workflow between the parties.
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Processing Order. We will process debit and credit transactions in accordance with our processing order policy. The processing order of these debits and credits is important because if your account balance has insufficient funds to pay for the debits and credits in the order that they are processed, we may charge you non-sufficient funds fees if we return the debit or charge you overdraft fees if we pay the debit on your behalf.
Processing Order. The following Processing Order dictates the order in which we will process your transactions on your Account each Business Day. All credit transactions are processed first. Debits or withdrawals (such as ACH transactions) will be processed in the order in which they are received by us. The processing order of these items is important because if there is not enough money in your Account to pay for the items in the order they are processed in accordance with the processing order, we may decline the transaction, or it may cause an overdraft on your Account.
Processing Order. The balance of available funds in your Savings Account must be sufficient at all times to cover your ACH Entries. You must pay us in immediately available funds for the amount of any rejected Entries and for the amount of any returned debit Entries, or any adjustment Entries accepted by us that we have previously credited to your Savings Account. Such amounts will be immediately due and payable by you to us. Your obligation to pay us remains immediately due and payable whether or not the rejected, returned or adjustment Entry was processed in accordance with any requirement of the NACHA Rules applicable to any party other than us and notwithstanding whether we or you may have a claim against another ACH participant for breach of the NACHA rules or other applicable law. We are not required to send a separate notice of debit Entries that are returned unpaid. Please see your Mercury Account for the posting order of items clearing your Savings Account. The processing order of these items is important because if there is not enough money in your Savings Account to pay for the items in the order they are processed in accordance with the processing order, there may be an overdraft attempt on your Savings Account which may result in non-sufficient fund fees or an increase in the amount of fees.
Processing Order. The balance of available funds in your Deposit Account must be sufficient at all times to cover your ACH Entries. You must pay us in immediately available funds for the amount of any rejected Entries and for the amount of any returned debit Entries, or any adjustment Entries accepted by us that we have previously credited to your Deposit Account. Such amounts will be immediately due and payable by you to us. Your obligation to pay us remains immediately due and payable whether or not the rejected, returned or adjustment Entry was processed in accordance with any requirement of the NACHA Rules applicable to any party other than us and notwithstanding whether we or you may have a claim against another ACH participant for breach of the NACHA rules or other applicable law. We are not required to send a separate notice of debit Entries that are returned unpaid. Please see your Deposit Account for the posting order of items clearing your Deposit Account. The processing order of these items is important because if there is not enough money in your Deposit Account to pay for the items in the order they are processed in accordance with the processing order, there may be an overdraft attempt on your Deposit Account which may result in non-sufficient fund fees or an increase in the amount of fees. By opening a Deposit Account pursuant to this Agreement, you are consenting to our authorizing and paying non-sufficient fund fees on your ATM and Card transactions.
Processing Order. Please refer to the Consumer Deposit Account Agreement for important information about the order in which items are paid. • Free CIBC NetBanking (online banking and Bill Payment) • Free CIBC Bank USA Mobile Banking. Message and data rates may apply. Contact your wireless carrier for details. • Free CIBC Bank USA Telephone Banking. • 24-hour access to funds through Debit card transactions. • Free electronic monthly statements available through CIBC NetBanking, including free check images. • Up to four ATM transaction fees charged at non-proprietary ATMs are refunded, up to a maximum of $20.00, per monthly statement cycle. Excessive savings or money market transaction fee $10.00 per occurrence Hold mail fee $25.00 per request IRA transfer $35.00 Online banking and bill pay Free Mobile banking Free Stop payment $30.00 per check Telephone banking Free Telephone transfer Free Check cashing for non-clients $5.00 per check Counter checks/temporary checks $1.00 per 10 checks Money orders $3.00 Official check $5.00 Collections/domestic $25.00 Collections/foreign $50.00 ▇▇▇ ▇▇▇▇, citation, subpoena or garnishment $175.00 Copy per check or deposit item $5.00 Copy per statement $5.00 Immigration letter Free Foreign currency orders Varies Foreign draft $30.00 Automatic transfer from one account to another to cover overdraft $10.00 per transfer Returned deposited item fee (chargeback) $10.00 Account activity (since last statement date) Free Account research $25.00 per half hour, $25.00 minimum Balance inquiry Free Wire transfer, incoming Free Wire transfer, outgoing domestic $30.00 Wire transfer, outgoing international $40.00 Coin counting - customer only Free Messenger service/armored car service Varies Notary service Free Savings bond redemption Free Additional fees and charges that apply to your account are stated in the Deposit Account Disclosures.
Processing Order. Processing order can impact the fees you pay. All credit transactions will be processed before debits. Debits will be processed in ascending amount order by category and each category will process in the following order: 1) In Branch Transactions/Checks Negotiated in a Peoples Bank Branch/ATM Transactions/Transfers/Outgoing Wires/Person to Person Transactions/Overdraft Fees From Previous Business Day’s Transactions/Deposit Return Items, 2) Preauthorized Transactions/ACH/Debit Card Transactions/Bill Payments, 3) Checks Processed at Other Financial Institutions, and 4) Other Peoples Bank Fees or Service Charges.
Processing Order. Please see your Card Account on the Site or Mobile App for the posting order of items clearing your Card Account. The processing order of these items is important because if there is not enough money in your Card Account to pay for the items in the order they are processed in accordance with the processing order, there may be an overdraft attempt on your Card Account which may result in non-sufficient fund fees or an increase in the amount of fees. By opening a Card Account pursuant to this Agreement, you are consenting to our authorizing and paying non-sufficient fund fees on your ATM and Card transactions.
Processing Order. Processing order can impact the fees you pay. All credit transactions will be processed before debits. Debits will be processed in ascending amount order (low to high) by category and each category will process in the following order:
Category 1 Cutoff Time1 In Branch Transactions Checks Negotiated in a Peoples Bank Branch ATM Transactions Transfers Person to Person Transactions 10:00 pm Overdraft Fees from previous business day’s transactions Deposit Return Items n/a Preauthorized Transactions n/a ACH 3:00 pm Bill Payments 6:00 pm Debit Card Transactions 10:00 pm Checks Processed at other FI n/a Peoples Bank Fees or Service Charges n/a 1All times are Pacific Standard Time. Daylight Savings Time applies when nationally in effect. Transactions that occur prior to the cutoff time will be processed on the same business day. The Bank uses ledger balance minus holds to determine whether funds are available in an account, and an overdraft may be assessed if funds are unavailable. The ledger balance is the balance in your account after all previous business day’s activity has been posted. Holds are defined as any debit card holds, check holds or operational holds and will be subtracted from the ledger balance before items are posted according to the processing order above. Please reference the Peoples Bank Overdraft Management Service document and Opt-In Disclosure for additional information on how overdraft fees are assessed at Peoples Bank, and ways to avoid them. These disclosures contain important information even if you opted out of certain overdraft protections.
Processing Order. All credit transactions are processed first. Debits, fees and/or charges (such as ACH transactions) will be processed in the order in which they are received by us. The processing order of these Items is important because if your Available Balance is not sufficient to pay for each Item in the order it is processed, we may, in our sole discretion, return or reject the Item, and your Account may become overdrawn.
Processing Order. We will process items, such as credits, checks, and other debit items in accordance with our processing order policy. The processing order of these items is important because if your account balance has insufficient funds to pay for the items in the order that they are processed, we may charge you non-sufficient funds fees if we return the item or charge you overdraft fees if we pay the item on your behalf.