Common use of Visa Debit Card Clause in Contracts

Visa Debit Card. If we approve your application, you may use your VISA Debit Card to purchase goods and services any place your VISA Debit Card is honored by participating merchants. Funds to cover your VISA Debit card purchases will be deducted from your checking account. The daily transaction limit is the amount you have available in your checking account. The daily limit for transactions initiated through a POS terminal is $1,000. POS Purchase transactions may require your signature. There is no limit on the number of purchase transactions you may make by VISA Debit Card during a statement period. However, no purchase may exceed the available funds in your account. If the balance in your account is not sufficient to pay the transaction amount, the Credit Union may treat the transaction as an overdraft request and access your shareholder draft protection account or may decline to permit the transaction. Any overdraft advances made to cover purchases will be governed by the business account agreement. The Credit Union reserves the right to refuse any transaction which would draw upon insufficient funds. The Credit Union may set other limits on the amount of any transaction and you will be notified of these limits.

Visa Debit Card. If we approve your application, you may use your VISA Debit Card to purchase goods and services any place your VISA Debit Card is honored by participating merchants. Funds to cover your VISA Debit card purchases will be deducted from your checking account. The daily transaction limit is the amount you have available in your checking account. The daily limit for transactions initiated through a POS terminal is $1,000. POS Purchase transactions may require your signature. There is no limit on the number of purchase transactions you may make by VISA Debit Card during a statement period. However, no purchase may exceed the available funds in your account. If the balance in your account is not sufficient to pay the transaction amount, the Credit Union may treat the transaction as an overdraft request and access your shareholder draft protection account or may decline to permit the transaction. Any overdraft advances made to cover purchases will be governed by the business account agreement. The Credit Union reserves the right to refuse any transaction xxxx saction which would draw upon insufficient funds. The Credit Union may set other limits on the amount of any transaction and you will be notified of these limits.