Common use of Overdraft Clause in Contracts

Overdraft. You understand that we may, at our discretion, honor withdrawal requests that overdraw your account. Whether the item is paid or returned, your account may be subject to a charge as set forth in the Fee Schedule. Except as otherwise agreed in writing, we, by covering one or any overdraft, do not agree to cover overdrafts in the future and may discontinue covering overdrafts at any time without notice. If we pay an item or impose a fee that would otherwise overdraw your account, you agree to pay the overdrawn amount immediately. We reserve the right to pursue collection of previously dishonored items at any time. If on any day, the funds in your account(s) are not sufficient to cover checks, fees or other items posted to your account(s), those amounts will be handled in accordance with our overdraft procedures or by one or multiple of the overdraft protection plans outlined below.