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Fees may be imposed for any debit transaction that causes your account to be overdrawn, including by check, in-person or ATM withdrawal, CheckCard, or withdrawal/transfer by any other manual or electronic means. Paid Overdraft Item fee is $36 and is subject to change (fee for certain commercial accounts may be different).
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Our Paid Overdraft Item (and Returned Item) fee is $36 and is subject to change. If you opt in to Standard Overdraft Coverage for ATM and everyday CheckCard transactions, we may authorize and pay your ATM and nonrecurring debit card transactions into overdraft. If we make Standard Overdraft Coverage available to you, we may pay your check, ACH and recurring debit card transactions even if you don’t have sufficient available balance in your account, which may result in an overdraft fee. Regions Standard Overdraft Coverage is a service we provide on many checking accounts that may cover transactions if you overdraw the available funds in your account. Both services may be available to eligible accounts. Regions has services to help you when you need available funds: Regions Overdraft Protection and Standard Overdraft Coverage. From time to time, anyone can lose track of how much money is available in their checking or money market account. Save the "deposit" and the transaction is complete.Standard Overdraft Coverage Regions Personal Banking This negative amount should exactly offset the deposit amount above, resulting in a "Zero" deposit transaction. In the Amount column enter the vendors invoice amount with a negative sign first. In the Memo column note the vendors invoice number. In the From Account column select the expense account you would charge the vendors invoice to, the same as if you were entering it for payment. If you have not entered the vendors invoice as a bill for payment, leave Received From blank. If you have entered the vendors invoice as a bill for payment, Received From is the vendor name and From Account is Accounts Payable. Memo should be changed from Deposit to Barter. Date is the date you would have normally paid your vendors invoice. Before recording the deposit make a negative deposit entry on the next blank line below the barter deposit for the amount of the barter as follows:ĭeposit To is your normal operating checking account.
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When you hit OK the Make Deposits screen will come up with the barter deposit(s) showing. If there are also other payments to deposit, make sure you select only the payment(s) being recorded for the barter exchange. The payment you just received will come up in the Payments to Deposit screen. Check the radio button for "Group with other undeposited funds".
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Payment Amount will be the barter amount (the amount of the invoice you received from your vendor). To record the "payment" use the "Receive Payment" function to apply the barter amount against the invoice the same as you would when receiving cash or a check as follows: To record such a barter transaction, invoice the customer for the goods provided or services performed as you normally would. If you have customers who are also vendors you may decide to trade some or all of your services / products in exchange for payment. QuickBooks Tips > Accuracy Tips > Recording of Barter Exchanges