Overdraft protection fee definition

Overdraft protection fee means any fee or charge
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Overdraft protection fee means any fee or charge imposed in
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Overdraft protection fee means a fee charged by a
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Examples of Overdraft protection fee in a sentence

  • Statutory authority: Banking Law, sections 14-g and 14-h Subject: Overdraft protection fee disclosure.Purpose: To require a separate clear and conspicuous notice to an accountholder if the account is or will be subject to newly permitted overdraft protection fees.Text of proposed rule: Section 6.8 of Part 6 of 3 NYCRR is amended to read as follows:§ 6.8 Overdraft Protection Charges.


More Definitions of Overdraft protection fee

Overdraft protection fee means any fee charged by respondent to any customer for overdraft protection services.
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Overdraft protection fee. We will charge your Account an Overdraft Protection Fee of $10.00 minimum or 4% of the amount of each overdraft transaction, but not more than $120.00, when you obtain a checking account overdraft advance. i) Account Reinstatement Fee: We will charge your Account a Reinstatement fee of $25.00 if your request to have a closed or revoked Account reinstated is approved by the Credit Union. j) Foreign Transaction Fee: For Purchases and Cash Advances processed outside of the United States of America, we will charge your account a Foreign Transaction fee of 3% of the transaction amount, regardless of whether there is a currency conversion associated with the transaction. A Purchase or Cash Advance processed outside of the United States of America means any Purchase or Cash Advance that you complete or a merchant processes on your card, including through the Internet, outside of the fifty United States, Puerto Rico or the U.S. Virgin Islands. As outlined in Section 14 Foreign Transactions, Purchases and Xxxx Advances made in foreign currencies will be billed to you in U.S. dollars. 9.
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Related to Overdraft protection fee

  • Overdraft Facility or ‘Facility’ means an authorised debit balance that may be offered to you at our discretion from time to time allowing your Account to go overdrawn up to an agreed Overdraft Limit.

  • Interest Protection Agreement of any Person means any interest rate swap agreement, interest rate collar agreement, option or futures contract or other similar agreement or arrangement designed to protect such Person or any of its Subsidiaries against fluctuations in interest rates with respect to Indebtedness.

  • Overdraft means any payment or transfer of funds on behalf of a Fund or series of a Fund for which there are, at the close of business on the date of such payment or transfer, insufficient funds held by the Custodian on behalf of such Fund or series thereof.

  • Cash Management Obligations means obligations owed by the Company or any Subsidiary to any Lender or a Cash Management Bank in respect of (1) any overdraft and related liabilities arising from treasury, depository and cash management services or any automated clearing house transfers of funds and (2) the Company’s or any Subsidiary’s participation in commercial (or purchasing) card programs at the Lender or any Affiliate (“card obligations”).

  • Rate Management Obligations of a Person means any and all obligations of such Person, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (i) any and all Rate Management Transactions, and (ii) any and all cancellations, buy backs, reversals, terminations or assignments of any Rate Management Transactions.

  • Arranger Fee Letter means that certain Arranger Fee Letter related to this Agreement, entered into by the Company and dated November 23, 2015.

  • Cash Management Obligation means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of such Person under or in respect of a Cash Management Agreement.

  • Letter of Credit Reimbursement Agreement has the meaning specified in Section 2.4(e).

  • Administration Fee means the fee payable to the Administrator pursuant to Section 3 of the Administration Agreement.

  • L/C Reimbursement Obligation means, for any Letter of Credit, the obligation of the Borrower to the L/C Issuer thereof, as and when matured, to pay all amounts drawn under such Letter of Credit.

  • Facility Letter means the facility letter and the other letters of offer or other letters which may from time to time be issued by the Bank to the Borrower in relation to the Facilities.

  • Treasury Management Obligations means obligations under any agreement governing the provision of treasury or cash management services, including deposit accounts, funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services. Treasury Management Obligations shall not constitute Indebtedness.

  • Cash Management Services means any cash management or related services including treasury, depository, return items, overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer (including the Automated Clearing House processing of electronic funds transfers through the direct Federal Reserve Fedline system) and other customary cash management arrangements.

  • Foreign Government Obligations means, with respect to Securities of any Series that are denominated in a Foreign Currency, direct obligations of, or obligations guaranteed by, the government that issued or caused to be issued such currency for the payment of which obligations its full faith and credit is pledged and which are not callable or redeemable at the option of the issuer thereof.