Common use of Overdraft Privilege Clause in Contracts

Overdraft Privilege. As a benefit to our members, we offer a useful feature on our Checking accounts - an Overdraft Privilege. With this Overdraft Privilege, we will pay your non-sufficient funds (NSF) items and fees up to a preapproved limit. This feature will save you time, embarrassment and the additional fees charged by many other companies. The Overdraft Privilege will allow you to overdraw your account to a preapproved limit of $1,000. You will be charged an Overdraft Privilege fee as set forth in our Service Fee Schedule. Of course, any and all credit union fees and charges, including without limitation, the Overdraft fees, will be included in this balance. Overdraft Privilege applies to checks, ACH (automatic debit) items, recurring debit card transactions, online bill pay items, transfer requests via the Call Center, teller window transactions, ATM transactions and debit card purchases only. There is no limit to the number of fees we may charge you for overdrawing your account per day or per statement period. If a debit card overdraft is $5.00 or less, the fee is waived. You have the right to opt out of the service and tell us not to pay any overdrafts. If you do, however, you may have to pay a fee if you make transactions that are returned unpaid. You also have the right to tell us not to pay overdrafts for debit card purchases, but to continue to pay overdrafts for other types of transactions.

Overdraft Privilege. As a benefit to our members, we offer a useful feature on our Checking accounts - an Overdraft Privilege. With this Overdraft Privilege, we will pay your non-sufficient funds (NSF) items and fees up to a preapproved limit. This feature will save you time, embarrassment and the additional fees charged by many other companies. The Overdraft Privilege will allow you to overdraw your account to a preapproved limit of $1,000600. You will be charged an Overdraft Privilege fee as set forth in our Service Fee Schedule. Of course, any and all credit union fees and charges, including without limitation, the Overdraft fees, will be included in this balance. Overdraft Privilege applies to checks, ACH (automatic debit) items, recurring debit card transactions, online bill pay items, transfer requests via the Call Center, teller window transactions, ATM transactions (optional) and debit card purchases (optional) only. There is no limit to the number of fees we may charge you for overdrawing your account per day or per statement period. If a debit card overdraft is $5.00 or less, the fee is waived. You have the right to opt out of the service and tell us not to pay any overdrafts. If you do, however, you may have to pay a fee if you make transactions that are returned unpaid. You also have the right to tell us not to pay overdrafts for debit card purchases, but to continue to pay overdrafts for other types of transactions.