Available balance and “must pay” items

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Question:

What are examples of “must pay” items that a bank may subtract from an account’s available balance?

Answer:

Examples of “must pay” items are authorized ATM withdrawals and debit card payments, checks on the account cashed in person, certified checks, garnishments or levies against the account, or the bank’s exercise of a setoff right against the account.

Learn more about John Burnett’s Update on Overdrafts and Account Fees webinar.