Obligation to Repay. You agree to pay to us promptly the amount of the overdraft as applicable together with any fee pursuant to the Credit Union’s policies. You must bring your account to a positive balance within thirty (30) days of any overdraft. Failure to do so may result in account termination, our possible exercise of right to offset without prior notice, collection actions and negative credit reporting. Please contact us immediately if you are unable to pay your balance in full within the required timeframe. If we pay an overdraft on an account with more than one (1) owner, each owner is jointly and severally liable for such overdrafts and/or fees. The Credit Union reserves the right to apply any other or later deposits, including direct deposits, to pay your overdrafts or overdraft fees.
Appears in 3 contracts
Sources: Membership Account Agreement, Consumer Membership Account Agreement, Business Membership Account Agreement