Overdraft Protection Plans. If we approve your request for overdraft protection, we will provide an overdraft protection plan for you.
Overdraft Protection Plans. Upon our receipt of the applicable Bank form, your checking account can be linked to one of the following: a checking account, savings account, money market account, Personal Reserve Account (PRA), Business Reserve Line (BRL), or a line of credit with us, (each a “linked account”) for the purpose of covering overdrafts that may occur on your checking account. If on any day your checking account does not have sufficient funds to cover items that are presented for payment, funds will be automatically transferred from the linked account to cover the overdraft. Funds will be transferred even if there are insufficient funds in the linked account to cover the amount of the overdraft in your checking account. A fee will be assessed for each automatic transfer to cover an overdraft in your checking account. Such fees shall be assessed to the covered checking account. Funds will be transferred from the linked account to the checking account and fees assessed regardless of the nature of the debit that created the overdraft in the checking account. Such debits may include checks, wire transfers, ACH withdrawals, debit card charges, and ATM withdrawals. Overdraft protection shall not limit right of setoff or recoupment. CUSTOMER’S DEATH OR INCOMPETENCE - You agree to notify us promptly if any person with a right to withdraw funds from your account(s) dies or becomes legally incompetent. We may continue to honor your checks, items, and instructions until: (a) we know of your death or incompetence, and
Overdraft Protection Plans. If we approve your request for overdraft protection, we will provide an overdraft protection plan for you. (i) Transfers from Savings. We will honor checks and other items drawn on insufficient funds in your checking account by transferring the necessary funds from a savings account or other deposit account as you designate. If you have enough funds in your savings account, you authorize us to transfer funds in amounts necessary to cover the overdraft. If your savings account balance is insufficient to cover the overdraft amount, we will not make any transfer that overdraws your savings account. Unless another overdraft protection plan applies, we will return the check or item unpaid. There is an overdraft transfer fee for each overdraft transfer as set forth on the Rate and Fee Schedule. You may opt out of this overdraft transfer service at any time by notifying us verbally or in writing. Transfers from a savings account will be governed by this Agreement. (ii) Transfers from Line of Credit. We will honor checks and other items drawn on insufficient funds in your checking account by transferring the necessary funds from a line of credit account or VISA line of credit of yours, if applicable, unless you designate a different order. If you are within the credit limit of your line of credit account, you authorize us to transfer funds in amounts necessary to cover the overdraft. If your credit limit is insufficient to cover the overdraft amount, we will not transfer any amount. Unless another overdraft protection plan applies, we will return the check or item unpaid. There is no cash advance fee, but interest will begin to accrue from the date of any advance transfer. You may opt out of this overdraft transfer service at any time by notifying us verbally or in writing. Your Loan Agreement will govern transfers form an overdraft line of credit account.
Overdraft Protection Plans. We offer several discretionary overdraft protection plans that permit transfers from a savings account or line of credit account to cover overdrafts. An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts for checks, automatic xxxx payments and recurring ACH transactions. Also, upon your request, we offer a Courtesy Pay overdraft protection service to pay overdrafts for ATM and debit card transactions as set forth in Section 14.c. We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined. Under our standard overdraft practices, we will charge you a fee as set forth on the Rate and Fee Schedule, each time we pay an overdraft. There is no limit on the total fees we can charge you for overdrawing your account.
Overdraft Protection Plans. In addition, we also offer additional overdraft protection plans that may cover an overdraft, such as a link to a checking, savings or money market account, or a line of credit which may be less expensive than our standard overdraft practices. To learn more, please ask us about these plans. In addition to the standard overdraft practices applying to your Account, we offer two additional services to our clients. Each provides a different level of protection when sufficient available funds are not available in your Account to meet your spending needs. To learn more, please ask us about these plans.
Overdraft Protection Plans. If we approve your request for overdraft protection, we will provide an overdraft protection plan for you. Savings Overdraft Transfers. If we approve your request for Overdraft Protection, we will honor checks and other items drawn on insufficient funds in your checking account by transferring the funds from a savings account or other deposit account as you designate. If you have enough funds in your savings account, you authorize us to automatically transfer funds as necessary to cover any overdraft on your checking account. If your savings account balance is insufficient to cover the amount of the overdraft, we will only transfer the available funds to cover the amount of the overdraft, if another overdraft protection plan is available, we will not overdraw your savings account. If another overdraft protection plan is not available, we will return the check or item unpaid. There may be an overdraft transfer fee for each overdraft transfer made as provided on the Rate and Fee Schedule. You may opt out of this overdraft transfer service at any time by notifying us verbally or in writing.
Overdraft Protection Plans. We offer two different plans to protect against account overdrafts. These plans are presented in the order that we believe to be the least costly to you. Overdraft Security is optional.
Overdraft Protection Plans. If we have approved an overdraft protection plan for you, we will honor drafts or ACH debits drawn on insufficient funds in your account by transferring the necessary funds from another account under this Agreement or a loan account as you have directed or as required under the Credit Union’s overdraft protection policy. The fee for overdraft transfers is set forth on the Fee Schedule. Transfers from an account will be governed by this Agreement. Transfers from a loan account will be governed by the applicable loan agreement. Transfers from an approved insufficient fund limit will be governed by this Agreement and the Overdraft Protection Plans Agreement.
Overdraft Protection Plans. As discussed in more detail above, we have the Overdraft Transfer Service which links your checking account to a savings account, as well as other overdraft sources and may be less expensive than Courtesy Pay. To learn more, please ask us about these plans. THE BEST WAY TO KNOW HOW MUCH MONEY YOU HAVE AND AVOID PAYING OVERDRAFT FEES IS TO RECORD AND TRACK ALL OF YOUR TRANSACTIONS CLOSELY. PLEASE REVIEW THIS INFORMATION CAREFULLY. IF YOU HAVE ANY QUESTIONS, PLEASE CONTACT US AT 000.000.0000 OR VISIT ANY BRANCH.
Overdraft Protection Plans. If we approve your request for overdraft protection, we will provide an overdraft protection plan for you. Transfers from a Savings account. We will honor checks and other items drawn on insufficient funds in your checking account by transferring the necessary funds in increments of $100 from your savings account (max six (6) per month pursuant to Regulation D) or other accounts as you designate. If you have enough funds in your savings account, you authorize us to transfer funds in amounts necessary to cover the overdraft (max six (6) per month pursuant to Regulation D). If your savings account balance is insufficient to cover the overdraft amount, we will not make any transfer that overdraws your savings account. Unless another overdraft protection option applies, we will return the check or item unpaid. You may opt out of this overdraft transfer service at any time by notifying us verbally or in writing.
