Payment of Overdrafts, definition
Payment of Overdrafts,. “Overdraft Protection Plan,” “Order of Payments,” and “Governing Law” are deleted. OVERDRAFT AND RETURNED ITEM FEES. Unless otherwise specified in your account Fee Schedule, a fee will be assessed each time an item is returned, and there is no limit on the total fees that we can charge you for overdrafts on your account. Reservation of Right to Hold.* In some cases, we will not make all of the funds that you deposit by check available to you on the business day we receive your deposit. Depending on the type of check that you deposit, funds may not be available until the third (3rd) business day after the day of your deposit. However, the first $200 of checks deposited will be available immediately on the business day of your deposit. If we are not going to make all of the funds from your deposit Special Rules for ATM and Shared Branching Deposits. ATM and shared branching deposits are immediately posted to your account. However, deposits are subject to verification and are not available for immediate withdrawal. The first $200 of checks deposited will be available immediately on the business day of your deposit (irrespective of the manner in which the checks are deposited); the remainder may not be available until the third (3rd) business day after the day of your deposit for ATM and shared-branch deposits. We will not provide you with separate notice of the hold; however, you may check your “available funds” balance via Online Banking, Mobile Banking, Phone Banking (Private Line), or by contacting us. Checks deposited through ATMs or shared branching are subject to additional check hold provisions stated in this Policy. EFT SERVICES Online and Mobile Banking. At the present time, you may use Online and Mobile Banking to:
Payment of Overdrafts,. “Overdraft Protection Plan,” “Order of Payments,” and “Governing Law” are deleted. The section in the Consumer Electronic Fund Transfers Agreement and Disclosure entitled “Governing Law” is deleted. All other sections continue to apply, as supplemented by these Change in Terms, and are not replaced.