Agmt16 Wells Fargo Bank - Laserfiche WebLink

Browse Search

For example,Bank will pay the most common types of transactions in the following order: •ATM, debit car�,a�count tcansfers, teller cashed checks and teller cash withdrawals -transactions will be sorted by the date the transacrion was conducted. For a debit card transaction,if a merchant dces not seek pre-authorization from the Bank at the time of the transaction,Bank will use the date the hansaction is received for payment from Company's account. If there are multiple transactions on a date,those tiansactions will be sorted by time (where that information is available to Bank's posting systems); the remaining transactions on that date will be sorted and paid from lowest to highest dollar amount. •Checks and automatic payments(also known as ACI�. ff there are multiple hansactions,the tr�sactions will be sorted and paid from highest to lowest dollaz amoun� Relatlon between posting order and overdrafts/returned items On any given Business Day,if Bank receives more than one Item for payment and determines there are sufficient funds to pay one or more but not all of the Items,then the number of Items paid and the overdraft and returned Item fees assessed could be affected by the oider that Bank chooses to post those Items. For exainple,if Bank posts Items in the order of highest to lowest dollar amount, the total number of ovendraft and returned Item fees Company is charged could be larger than ifBank were to post the Items in a different order. Paper Items Presented Over-the-Counter for Payment by a Non-Customer. If a Paper Item drawn against Company's Account is presented over•the- counter for payment by a person who dces not have a deposit account at Bank,Bank may chatge a fee to the person presenting the Paper Item as a condition for peyment of the Paper Item Company should contact its banker if Company has questions or if Company is required for any reason to have a place where Company's Paper Items can be cashed without a fee. The amount of the fee is disclosed in the fee and infom�ation schedule.Bank 24 ATTY/AGR/2016.186M/ELLS FARGO BANKING AGREEMENT