Card Overdraft Sample Clauses

Card Overdraft. Card Overdraft service is available for Consumer accounts-with the exception of minor accounts. This optional additional protection authorizes us to pay ATM and non-recurring debit card transactions up to, but not exceeding, your Overdraft Protection limit. Card Overdraft may be added to your checking account at any time. To obtain this service, you must complete our Card Overdraft Protection (Reg-E) Opt-In Consent Form. Without this consent, we will decline to pay these transactions. Card Overdraft may be withdrawn or withheld by us at any time without prior notice or reason or cause. Use or allowance of Card Overdraft does not constitute an actual or implied agreement between you and us, nor does it constitute an actual or implied obligation of or by us. Each item covered is assessed a fee. You may opt out at any time.

Card Overdraft. You must Opt In to Card Overdraft service in order for the Credit Union to pay overdrafts. It is not a loan, however, your consent is needed to begin. There is no cost to the program unless Card Overdraft is used. Card Overdraft can start when an everyday Visa debit transaction, Point- of Sale (POS) transaction, or ATM transaction occurs for more than is on deposit in the account and/or more than approved overdraft protection services have available. The item can be paid at the sole discretion of the Credit Union and the usual Insufficient Funds or Card Overdraft fee for each item (up to three fees per day) will be charged. You will receive a notice every time any overdraft occurs. We reserve the right to pay any checks or items in the order they are presented or received or otherwise in accordance with our normal operating procedures for such checks, items, or transactions. The order in which items are charged to the account may affect the number of fees you pay. In the normal course of business, we generally pay ACH (in the order in which they are presented to us by our service provider, which may be different than the order in which they were initiated or in which they were received by any party), checks (in check number order within batches received, which may be different than the order in which they were initiated or in which they were received by any party) and then electronic transactions (in the order in which they are presented to us by our service provider or correspondent, which may be different than the order in which they were initiated or in which they were received by any party). However, we reserve the right to change the order of payment without notice to you at any time. Also, please be aware that the order of item payment may create multiple overdraft items during a single business day. We strongly recommend you check your ATM balance before making a withdrawal to avoid a fee (Card Overdraft balances are NOT included in your available balance). You agree your overdraft balance, including applicable overdraft fees, is due and payable immediately. If there is more than one owner on an account, all owners are jointly and severally liable for repayment of the overdraft balance. If you fail to repay your overdraft balance within thirty (30) days of notice from us or have excessive use of overdraft protection, we may immediately suspend the overdraft service. Accounts may be closed for failure to repay overdraft balances and we will report ac...