Common use of General Overdraft Liability Clause in Contracts

General Overdraft Liability. If on any day the available funds in your checking account are not sufficient to cover checks and other items (ACH withdrawals, debit card transactions) posted to your account, those checks and items will be handled in accordance with our overdraft procedures and the terms of this Agreement. If we pay a check or item that overdraws your account, you are liable for and agree to pay the overdraft amount and a Non-Sufficient Funds (“NSF”) or “insufficient funds” fee immediately. If we do not pay the check or item, we will return it unpaid and you agree to remit a returned item fee. We reserve the right to pursue collection of previously dishonored items at any time, including giving a payer bank extra time beyond any midnight deadlines.

Appears in 4 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement, Membership and Account Agreement

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