Common use of How the Program Works Clause in Contracts

How the Program Works. When an item is presented against an account with Overdraft Protection, it may be paid provided (a) funds are available within the Overdraft Protection Amount (b) if you (the customer) have previously Opted In to allow Overdraft Protection to approve debit card and ATM transactions. The standard Overdraft Protection fee, pursuant to the depository agreement (https:// ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇.▇▇▇) will apply to all items paid using the Overdraft Protection regardless of the number of items presented at one time. If all available Overdraft Protection is applied towards items presented for payment, additional items may be subject to Non-Sufficient Funds and may be returned or paid at the sole discretion of the bank, and subject to the standard Non-Sufficient Funds fee pursuant to the depository agreement. First Command Bank is under no obligation to pay any item which would result in an account being overdrawn in any amount. Paid item fees as well as returned item fees will be displayed on the account monthly statement for both current statement cycle and year to date. For additional information concerning the Overdraft Protection Program, please refer to ‘Overdraft Protection FAQs’ (▇▇▇▇▇://▇▇▇. ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇▇▇▇-▇▇▇.▇▇▇). If you wish to decline Overdraft Protection, an alternative service is available called Sweep Transfer. This feature transfers available funds from another designated First Command Bank account owned by you in the event that funds are not available to pay items. No fee is assessed for the transfers and there is no limit on the number of sweep transfers, except from a Money Market account. Money Market accounts are restricted to 6 transactions per month and any transactions over that amount are subject to an Excessive Item Fee. If the number of occurrences exceeds 3 times within one year, the account is required to be changed to a regular checking account.