Common use of Overdraft Services Opt Out Clause in Contracts

Overdraft Services Opt Out. You may never need to take advantage of any Overdraft Service, but you may find it useful in the event of a temporary financial shortfall. If you do not want to have Overdraw Transfers, Overdraft Protection or Card Overdraft, you may terminate (“opt out”) by contacting us to remove these benefits from your account using the information at the beginning of this Agreement. There is no fee to opt in or opt out. You must give us at least three (3) business days from the date of receipt to cancel your Overdraft Service. If you opt out, you are instructing us to return any overdraft items unpaid. The Credit Union will charge a fee for checks and ACH transactions which are returned, and if those items are presented more than once the Credit Union will charge a fee each time an item is returned. We do not charge a fee for certain declined transactions including Digital Banking, Mobile Banking and telephone transfers or POP money transfers (or ATM and non-recurring debit card transactions if you opt out of Card Overdraft).

Overdraft Services Opt Out. You may never need to take advantage of any Overdraft Service, but you may find it useful in the event of a temporary financial shortfall. If you do not want to have Overdraw Transfers, Overdraft Protection or Card Overdraft, you may terminate (“opt out”) by contacting us to remove these benefits from your account using the information at the beginning end of this Agreementbooklet. There is no fee to opt in or opt out. You must give us at least three (3) business days from the date of receipt to cancel your Overdraft Service. If you opt out, you are instructing us to return any overdraft items unpaid. The Credit Union will charge a fee for checks and ACH transactions which are returned, and if those items are presented more than once the Credit Union will charge a fee each time an item is returned. We do not charge a returned item fee for certain declined transactions including Digital Online Banking, Mobile Banking and telephone transfers or POP money transfers (or ATM and non-recurring debit card Debit Card transactions if you opt out of Card Overdraft).