Overdrah Protection Clause Samples

Overdrah Protection. If You have been approved for an Overdraft Feature on Your Checking account, or if Your Checking Account is overdrawn by any other means (including the use of Your Northeast Visa Check Card), We may transfer funds to clear any Overdraft on Your Checking Account (or in such increments as We may from time to time determine) by an advance on Your Visa subject to this provision. Whether or not such a transfer occurs will be controlled by this Agreement. In any event, You hold us harmless for any and all liability which might otherwise arise if the transfer does not occur. We are under no obligation to pay a Check which exceeds Your Visa Line of Credit Limit or a Check on which the date is more than six months old. Overdraft protection automatically ceases if this Agreement is ever cancelled or terminated or Your Account is in default. Different rules may apply to Business Platinum Visa. See Business Platinum Visa Card Agreement Addendum and Business Platinum Visa Disclosure.