Overdraft Privilege Program Sample Clauses

Overdraft Privilege Program. You may be eligible for our Overdraft Privilege Program (“Program”). This Program allows us to cover certain transactions on your checking account that exceed your available balance up to $500, which will include any and all related fees. Subject to the restrictions set forth below, eligible items will include checks, ACH pre-authorized debits, and (a) you have been a member for at least 60 days; (b) you are a member in good standing; (c) checking account opened and properly maintained; (d) the primary member must be 18 years of age or older; (e) no legal or administrative orders, levies or restraints on the account; (f) the account is not maintained on behalf of a deceased member or his/her estate; (g) you continue to deposit funds and maintain your account in an acceptable manner; (h) your checking account is not consistently overdrawn; (i) you maintain a positive balance at least once every thirty (30) days; (j) you are not delinquent on any loan(s) with the Credit Union, either currently existing or written off in the past and not recovered; (k) you are not a party to any bankruptcy proceeding; (l) you have no derogatory information reported under your name or taxpayer identification number by consumer reporting agency, as may be periodically verified; and (m) there is no apparent improper, suspicious or abusive activity on the account. Continued utilization of this service will constitute acceptance of any changes made to the Program by the Credit Union, unless specific notice is required by law. If approved for this Program, eligible members desiring an additional Overdraft Protection Plan may also utilize one other overdraft plan. If another Overdraft Protection Plan is in place, the Overdraft Privilege Program will only be used after your overdraft protection plan coverage has been exceeded or become unavailable, as applicable. We may refuse to pay an overdraft for you at any time, even though your account is in good standing and even though we may have previously paid overdrafts for you. The Overdraft Privilege Program does not constitute an actual or implied agreement between you and the Credit Union, nor does it constitute an actual or implied obligation of or by the Credit Union. This Program is a purely discretionary courtesy or privilege that the Credit Union may provide from time to time and withdraw at will. We will not be liable for damages, including, but not limited to, consequential damages, for checks we return unpaid. Checks will be r...