ANB Go Upgrade Guide
Terms and conditions.
Payment Order of Items The order in which items are paid is important if there is not enough money in your account to pay all of the items that are presented. The payment order can affect the number of items overdrawn or returned unpaid and the amount of the fees you may have to pay. To assist you in managing your account, we are providing you with the following information regarding how we process those items. We encourage you to make careful records and practice good account management. This will help you to avoid creating items without sufficient funds and potentially incurring the resulting fees. It is our process to post credits or deposits (transactions where money is added to your account) to your account first. Then, we post debits (transactions where money is deducted from your account based on transactions you have initiated or from fees we assessed). All items presented within a type of transaction described below will be paid in order of lowest dollar amount to highest dollar amount. This means a $3.00 item will be paid before a $10.00 item and so on. The only exception to this are the checks you write on your account. These are paid in check number order. If you have more than one transaction on the same day (and do not have sufficient funds in your account) the order we use to post those transactions may affect the number and extent of overdrafts you have on that day. We encourage you to keep careful records and practice good account management to avoid authorizing debits without sufficient funds and incurring the resulting overdraft or return item fee(s). There are two parts to the processing of transactions, the type of transaction and the order of payment within each type of transaction. These are important as each one impacts your account by either crediting or debiting your balance. Generally, we process debits in the following order: External wires, automatic payments or transfers, checks cashed from your account at one of our locations, Debit Card transactions (non-ATM transactions), telephone transfers, ATM withdrawals from machines we own, ACH (pre-authorized debits for items like life insurance premiums), ATM withdrawals from machines we do not own and physical checks presented to us from other institutions or the Federal Reserve. You understand that the order may change from time to time based on regulatory requirements, technology and industry standards. This may also include different timing for types of transactions based on how the transaction is presented and administered by us and finally, the processing of transactions may vary based on the source and respective cutoff times applicable for the systems utilized.
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