Repeated Overdrafts Sample Clauses

The "Repeated Overdrafts" clause sets out the rules and consequences for account holders who frequently overdraw their accounts. Typically, this clause defines what constitutes repeated overdrafts—such as a specific number of overdraft occurrences within a set period—and outlines the actions the bank may take, like imposing additional fees, restricting account access, or even closing the account. Its core function is to discourage habitual overdrawing, protect the financial institution from excessive risk, and encourage responsible account management by customers.