Common use of Overdraft Protection Services Clause in Contracts

Overdraft Protection Services. We offer three levels of overdraft protection. The first level includes our Share Overdraft Protection Transfers service and our overdraft protection from a Line of Credit Loan service. These services transfer available funds from your designated Savings Account or Line of Credit Loan to pay a transaction when your Checking Account does not have sufficient available funds. We determine whether sufficient funds are available when the transaction is presented to us for settlement. A fee as set forth in the Fee Schedule or your Line of Credit Loan Agreement will apply for transferring funds from your Savings Account or Line of Credit Loan, as applicable. This fee is less than the fee for the Courtesy Pay service described below. To use this service, you must opt-in on the Application or other form we have designated. To use your Line of Credit Loan as a source of overdraft protection, you must have an approved Line of Credit Loan with us and designate it to provide overdraft protection when you opt-in. The second level of overdraft protection is called Courtesy Pay. This service is automatically extended to eligible members. Courtesy Pay is provided pursuant to our discretionary Courtesy Pay Policy as a non-contractual courtesy. It is not a line of credit and it is not guaranteed. However, in the event you write a check or initiate an ACH, online bill payment, or recurring check card transaction and sufficient funds are not available in your Checking Account to pay the transaction, and if there are no other sources of overdraft protection available, we will strive to pay your reasonable overdrafts if your Account is in good standing and you continue to meet eligibility requirements. The third level of overdraft protection extends the Courtesy Pay service to your ATM and everyday (one-time) check card transactions. To use this service, you must affirmatively opt-in to Courtesy Pay for ATM and everyday check card transactions by completing an opt-in form. Both levels of the Courtesy Pay service will charge a Courtesy Pay fee as set forth in the Fee Schedule when a transaction is paid using the service. The amount of approved for your Checking Account may vary and is subject to change at any time based on certain membership factors such as age of Account, deposit activity and history, and overdraft activity and history, including repayment history. If you no longer want an overdraft protection service in which you are enrolled, you may opt-out of any level at any time by calling or writing to us. Please refer to our Courtesy Pay Policy for eligibility requirements and additional information about the Overdraft service.

Overdraft Protection Services. We offer three levels of overdraft protection. The first level includes our Share is called Overdraft Protection Transfers Savings Transfer. This service and our overdraft protection from a Line of Credit Loan service. These services transfer transfers available funds from your designated Savings Account savings account, or Line line of Credit Loan credit, to pay a transaction when your Checking Account does not have sufficient available funds. We determine whether sufficient funds are available when the transaction is presented to us for settlement. A We may charge an Overdraft Protection Transfer fee for this service as set forth in the Fee Schedule or your Line of Credit Loan Agreement will apply for transferring funds from your Savings Account or Line of Credit Loan, as applicableSchedule. This fee is less than the fee for the Courtesy Pay Non- Return Privilege service described below. To use this service, you must opt-in enroll and designate the priority of your Automatic Overdraft Protection sources on the Application or other form we have designated. To use your Line of Credit Loan as a source of overdraft protection, you must have an approved Line of Credit Loan with us and designate it to provide overdraft protection when you opt-in. The second level of overdraft protection is called Courtesy PayNon-Return Privilege (NRP). This service is automatically extended to all eligible members. Courtesy Pay NRP is provided pursuant to our discretionary Courtesy Pay Non-Return Privilege Policy as a non-contractual courtesy. It is not a line of credit and it is not guaranteed. However, in the event you write a check or initiate an ACH, online bill payment, or recurring check debit card transaction and sufficient funds are not available in your Checking Account to pay the transaction, and if there are no other sources of overdraft protection available, we will strive to pay your reasonable overdrafts if your Account is in good standing and you continue to meet eligibility requirements. The third level of overdraft protection extends the Courtesy Pay NRP service to your ATM and everyday (one-time) check debit card transactions. To use this service, you must affirmatively opt-in to Courtesy Pay NRP for ATM and everyday check debit card transactions by completing an opt-in formcontacting us. Both levels of the Courtesy Pay NRP service will may charge a Courtesy Pay Non-Return Privilege fee as set forth in the Fee Schedule when a transaction is paid using the service. The amount of NRP approved for your Checking Account may vary and is subject to change at any time based on certain membership factors such as age of Account, deposit activity and history, and overdraft activity and history, including repayment history. If you no longer want an overdraft protection service in which you are enrolled, you may opt-out of any level at any time by calling or writing to us. Please refer to our Courtesy Pay Non-Return Privilege Policy for eligibility requirements and additional information about the Overdraft NRP service.