Common use of Overdraft Services Clause in Contracts

Overdraft Services. Overdraft Service are not a loan and are not subject to interest charges or late fees; however items paid are subject to fees as set forth in the Fee Schedule. Please read this entire section to understand the services, including how items are paid and how fees are assessed. You understand that the definitions of “Actual Balance” and “Available Balance” in this agreement fully apply to Overdraft Services (See Definitions section of this booklet); we use the available balance and not the actual balance to determine both the payment of overdraft and the assessment of fees. You understand and agree that we have no control over how the third parties, or entities that process transactions for them, “code” transactions. For instance, third parties have full control over the amounts of transactions they may enter per your relationship with them; and they may code transactions as recurring or non-recurring which may affect the payment order of transactions and the application of any Overdraft Service you have with us. You authorize us to accept transactions based upon the coding submitted by third parties; and that we may rely upon such coding in processing all transactions and services for you. We can terminate your participation in any Overdraft Service at any time without notice if: (1) you are in default under the terms of your services agreement or the terms of the Consumer Membership Account Agreement and Disclosures; (2) you are in default or subject to cancellation of services under any other agreements with the Credit Union; (3) your services are subject to cancellation under any Credit Union policies or procedures; (4) the Credit Union is required to terminate or limit any services under any applicable laws, regulations, rules or other governmental requirements; or

Overdraft Services. Overdraft Service Services are not a loan loans and are not subject to interest charges or late fees; however however, items paid are subject to fees as set forth identified in the Fee Schedule. Please read this entire section to understand the services, including how items are paid and how fees are assessed. You understand that the definitions of “Actual Balance” and “Available Balance” in this agreement Agreement fully apply to Overdraft Services (See Definitions section of this booklet)Services; we use the available balance and not the actual balance to determine both the payment of overdraft overdrafts and the assessment of fees. You understand and agree that we have no control over how the third parties, or entities that process transactions for them, “code” transactions. For instance, third parties have full control over the amounts of transactions they may enter per your relationship with them; and they may code transactions as recurring or non-recurring which may affect the payment order of transactions and the application of any Overdraft Service you have with us. You authorize us to accept transactions based upon the coding submitted by third parties; and that we may rely upon such coding in processing all transactions and services for you. We can terminate your participation in any Overdraft Service at any time without notice if: (1) you are in default under the terms of your services agreement or the terms of the Consumer Membership Account Agreement and Disclosures; (2) you are in default or subject to cancellation of services under any other agreements with the Credit Union; (3) your services are subject to cancellation under any Credit Union policies or procedures; (4) the Credit Union is required to terminate or limit any services under any applicable laws, regulations, rules or other governmental requirements; or;

Overdraft Services. Overdraft Service are not a loan and are not subject to interest charges or late fees; however items paid are subject to fees as set forth identified in the Fee Schedule. Please read this entire section to understand the services, including how items are paid and how fees are assessed. You understand that the definitions of “Actual Balance” and “Available Balance” in this agreement fully apply to Overdraft Services (See Definitions section of this booklet); we use the available balance and not the actual balance to determine both the payment of overdraft and the assessment of fees. You understand and agree that we have no control over how the third parties, or entities that process transactions for them, “code” transactions. For instance, third parties have full control over the amounts of transactions they may enter per your relationship with them; and they may code transactions as recurring or non-recurring which may affect the payment order of transactions and the application of any Overdraft Service you have with us. You authorize us to accept transactions based upon the coding submitted by third parties; and that we may rely upon such coding in processing all transactions and services for you. We can terminate your participation in any Overdraft Service at any time without notice if: (1) you are in default under the terms of your services agreement or the terms of the Consumer Membership Account Agreement and Disclosures; (2) you are in default or subject to cancellation of services under any other agreements with the Credit Union; (3) your services are subject to cancellation under any Credit Union policies or procedures; (4) the Credit Union is required to terminate or limit any services under any applicable laws, regulations, rules or other governmental requirements; or