Common use of Privilege Pay Overdraft Service Clause in Contracts

Privilege Pay Overdraft Service. We offer a discretionary service (“Privilege Pay”) to cover overdrafts on your checking accounts. WECU offers this Privilege Pay to eligible consumer checking account owners who qualify. Privilege Pay is not offered on fiduciary accounts or to anyone who has caused a financial loss to WECU. Privilege Pay is provided to qualified accounts automatically for checks, ACH, and online transactions. Privilege Pay will be provided for debit card purchase transactions only if you expressly request (“opt-in”) it for these transactions. Members have the option to stop these services at any time.

Appears in 4 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement, Membership and Account Agreement

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