The following text amends the "Payment order of items" section of the terms and conditions of your deposit account. The section now reads as follows:
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.
Note that items may not be processed in the order they are received.
Our policy is to process Credits first, in the order they are received on the day they are processed. We process online, mobile, telephone banking, and wire transfers second, in authorization/settlement time stamp order on the day they are processed. We process ATM and point of sale (POS) Debit card transactions third, in authorization/settlement time stamp order on the day they are processed. We process signature-based Debit card transactions fourth, in authorization/settlement time stamp order on the day they are processed. We process Checks processed through a teller channel fifth, in check number order on the day they are processed. We process ACH transactions sixth, smallest to largest on the day they are processed. We process Checks not processed through a teller channel last, in check number order on the day they are processed.
If one or more checks, items, or transactions are presented without sufficient funds in your account to pay it, you will be charged one or more overdraft or NSF fees. We will not charge you a fee for paying an overdraft of an ATM or one-time (sometimes referred to as "everyday") debit card transaction if this is a consumer account and you have not opted-in to that service. The amounts of the overdraft and NSF fees are disclosed elsewhere, as are your rights to opt in to overdraft services for ATM and one-time debit card transactions, if applicable. 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.