Common use of Overdraft Service Clause in Contracts

Overdraft Service. We offer a discretionary overdraft service (Courtesy Pay) to cover overdrafts on your checking accounts. The Credit Union offers the Overdraft Service to eligible consumer checking account owners who qualify. Courtesy Pay is not offered to minors, fiduciary or organizational accounts or anyone who has caused a financial loss to the Credit Union, anyone with a past due loan payment at the Credit Union or anyone who has enrolled in a debt management program. The Overdraft Service is provided to qualified accounts automatically for checks, ACH and online transactions, and you have the option to opt-out of the service at anytime. Courtesy Pay will be provided for debit card purchase transactions only if you expressly request ("opt-in") Courtesy Pay for these transactions. The fee for overdraft transfers is set forth on the Rate and Fee Schedule.