Overdraft Protection Service definition

Overdraft Protection Service. With Overdraft Protection Service” funds from your linked savings, checking and/or line of credit account(s) are used for overdraft protection. We will look first to this service for overdraft protection before applying our discretionary Courtesy Pay Overdraft Service when your account is overdrawn. The Overdraft Protection Service may save you money on the total fees you pay us for overdraft protection.
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Overdraft Protection Service. With this service, you authorize us to make transfers of available funds automatically from your eligible Savings Account to cover overdrafts in your checking account. Transfers from your Savings Account are made in the exact amount of the overdraft. Each transfer counts as one of the six (6) limited transactions you are allowed each month from your Share Account. You must request to enroll in this service.
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Examples of Overdraft Protection Service in a sentence

  • The Service is different than the Personal Line of Credit and the Overdraft Protection Service plans.

  • If the Overdraft was the first transaction to cause an overdrawn balance greater than $10.00, we will also tell you when the Grace Period ends for the purpose of avoiding payment of the Overdraft Protection Service Fee(s).

  • The fees for the Service are described here, and in the section labeled “Fee Schedule.” The Overdraft Protection Service Fee (if applicable) is applied to certain transactions described below that result in a negative balance (“Overdraft(s)”) and is in addition to any other fees ordinarily applicable to a transaction.

  • Multiple Overdraft Protection Service Fees may be charged if multiple overdraft transactions are approved on the same day.

  • The Overdraft Protection Service Fee is $15.00 for each transaction that overdraws your Card Account by more than $10.00, up to a maximum of three (3) Overdraft Protection Service Fees per calendar month.

  • We offer optional overdraft protection plans that you may apply for, such as a Personal Line of Credit loan account where your line of credit is used for overdraft protection, and an Overdraft Protection Service where funds from a linked Savings or other Share Account are used for overdraft protection.

  • We will send you email notifications whenever (a) a transaction results in a negative balance in your Card Account; (b) an Overdraft Protection Service Fee is assessed (if applicable) (see Section B, below, for details about the fee), and (c) the Service is activated or deactivated for your Card Account.

  • If you have elected both the Overdraft Protection Service and Courtesy Pay, there are circumstances wherein you will be charged both an Overdraft Protection Fee and a Courtesy Pay Fee.

  • The features of the Purchase Cushion and the optional Overdraft Protection Service are described below.

  • If we pay an item in accordance with our Overdraft Protection Service, we will charge you an Overdraft Protection Fee.