Common use of General Overdraft Liability Clause in Contracts

General Overdraft Liability. If on any day, the available balance in your account is not sufficient to pay the full amount of a check, transaction, fees, or other items (ACH, debit card, or ATM card transactions) posted to your account, we may return the item or pay it in accordance with our overdraft procedures and the terms of this Agreement. The Credit Union’s determination of an insufficient available account balance may be made at any time between presentation and the Credit Union’s midnight MST deadline with only one review of the account required. We do not have to notify you if your account does not have a sufficient available balance to cover checks, transactions, fees or other posted items. Your account may be subject to a fee for each item regardless of whether we pay or return the check or item. If we pay a check or item that overdraws your account, you are liable for and agree to pay the overdraft amount and an overdraft or insufficient funds fee immediately. If we do not pay the check or item we will return it unpaid and you agree to pay a return item fee. These fees are as set forth in the Rate and Fee Schedule. We may charge a fee each time an item is submitted or resubmitted for payment. Therefore, you may be assessed more than one fee as a result of a returned check or item and a subsequent resubmission of the same returned item. By covering one or any overdraft, we do not agree to cover overdrafts in the future and may discontinue covering overdrafts at any time without notice. If we pay a check or impose a fee that would otherwise overdraw your account, you agree to pay the overdrawn amount immediately, including any fee assessed. We reserve the right to pursue collection of previously dishonored items at any time, including giving a payor bank extra time beyond any midnight deadline limits.

General Overdraft Liability. If on any day, the available balance in your account is not sufficient to pay the full amount of a checkan item, transaction, or fees, or other items (ACH, debit card, or ATM card transactions) posted to your account, we may return the item or pay it in accordance with our overdraft procedures and the terms of this Agreement. The Credit Union’s determination of an insufficient available account balance may be made at any time between presentation and the Credit Union’s midnight MST deadline with only one review of the account required. We do not have to notify you if your account does not have a sufficient available balance to cover checkspay items, transactions, fees or other posted itemsfees. Your account may be subject to a fee for each time an item is presented against your account when you lack sufficient available funds to pay the transaction regardless of whether we pay or return the check or item. If we pay a check or an item that overdraws your account, you are liable for and agree to pay the overdraft amount and an overdraft or insufficient funds fee immediately. If we do not pay the check or item we will return it unpaid and you agree to pay pay, if applicable, a return item fee. These fees fee amounts are as set forth in the Rate and Fee Schedule. We may charge a fee each time an item is submitted or resubmitted for payment. Therefore, you may be assessed more than one fee as a result of a returned check or item and a subsequent resubmission of the same returned item. By covering one or paying any overdraft, we do not agree to cover overdrafts in the future and may discontinue covering overdrafts at any time without notice. If we pay a check or impose a fee that would otherwise overdraw your account, you agree to pay the overdrawn amount immediately, including any fee assessed. We reserve the right to pursue collection of previously dishonored items at any time, including giving a payor bank extra time beyond any midnight deadline limits.