HRS §490:4A-504
How banks can charge your account for payments
This section says a bank can take money from your account for multiple payment orders or other items in any order it chooses. But when figuring out if money you put in has been used, the bank must use the oldest deposits first.
The statute, as written — Order in which items and payment orders may be charged to account; order of withdrawals from account
(a) If a receiving bank has received more than one payment order of the sender or one or more payment orders and other items that are payable from the sender's account, the bank may charge the sender's account with respect to the various orders and items in any sequence. (b) In determining whether a credit to an account has been withdrawn by the holder of the account or applied to a debt of the holder of the account, credits first made to the account are first withdrawn or applied.
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