Common use of Optional Overdraft Protection Plans Clause in Contracts

Optional Overdraft Protection Plans. 7. We offer optional Overdraft Protection plans that you may apply for, such as a line of credit loan account where your line of credit is used for overdraft protection, and an Overdraft Protection service where funds from a linked savings account (such as Savings or Money Market/High Yield Savings) are used for overdraft protection. If you qualify for these optional services, we will look first to these services for overdraft protection before applying our discretionary Courtesy Pay Service when your account is overdrawn. The Overdraft Protection service may save you money on the total fees you pay us for covering your overdraft transactions. To learn more, please ask us about these plans. • Overdraft Protection Transfer from Personal Line of Credit: This is a revolving line of credit, which is available to members meeting certain credit requirements. With this plan, you authorize us to automatically advance $100 to cover your overdraft from your line of credit (linked to your checking account) to cover your overdraft, up to your credit limit. You must repay what you have borrowed in full or in minimum monthly payments (in addition to any late charges, finance charges and annual fees). If you are approved for a line of credit, you will be provided with separate terms and conditions applicable to the loan.

Optional Overdraft Protection Plans. 7. We offer ofer optional Overdraft Protection overdraft protection plans that you may apply for, such as a line personal Line of credit Credit loan account where your line of credit is used for overdraft protection, and an Overdraft Protection service Transfer Service where funds from a linked savings account (such as Savings or Money Market/High Yield Savings) are used for overdraft protection. If you apply and qualify for these optional services, we will look first frst to these services for overdraft protection before applying our discretionary Courtesy Pay Service Program when your account is overdrawn. The A Line of Credit and the Overdraft Protection service plan may save you money on the total fees you pay us for covering your overdraft transactions. To learn moreprotection, please ask us about these planswhen compared to the costs of the Courtesy Pay Program. • Overdraft Protection Transfer from Personal Line of Credit: . This is a revolving line of credit, which is available to members meeting certain credit requirements. With this plan, you authorize us to automatically advance $100 to cover the exact amount of your overdraft from your line Line of credit Credit (linked to your checking account) to cover your overdraft, up to your credit limit. You must repay what you have borrowed in full or in minimum monthly payments (in addition to any late charges, finance fnance charges and annual fees). You authorize us to deduct the minimum monthly payment from the linked checking account. If you are approved apply for a line the Line of creditCredit, you will be provided with separate our Line of Credit Agreement, which contains the terms and conditions applicable to the loanLine of Credit.