Overdraft Fees definition

Overdraft Fees means the fee that Defendant charges when a third party attempts to collect on a check (including an electronic check) or ACH payment item and the Defendant pays the check or item, despite the fact that the customer’s account had an insufficient balance to cover the cost of the check or item.
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Overdraft Fees means fees resulting from the processing of a debit transaction that exceeds a customer’s account balance.
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Overdraft Fees means fees assessed against a member’s checking account when that account does not have sufficient funds at the time a transaction is presented for payment that was not reversed. (Agreement § 1(u).)
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Examples of Overdraft Fees in a sentence

  • Leslie Parrish, Consumers Want Informed Choice on Overdraft Fees and Banking Options, CRL Research Brief (Apr.

  • Overdraft Fees may apply as described in the Deposit Account Agreement.

  • If you have a joint Account, all joint Account Owners will be jointly and severally liable for any Overdraft Fees and the amount of the Overdraft whether or not a particular Account Owner initiated the Item that resulted in the Overdraft.

  • For more information on how the Federal Reserve calculates daylight overdraft fees for such institutions, refer to part A of the Daylight Overdraft Fees section (V) of this Guide.

  • The order in which Items are paid is important because it may result in Overdraft Fees or Non-Sufficient Funds (NSF) Fees if you do not have sufficient funds available in your Account to pay the Items.

  • See Hugh Son, Capital One to Drop Overdraft Fees for All Retail Banking Customers, NBC News (Dec.

  • No Overdraft Fees There are no fees associated with each transaction that we either pay, which results in an overdraft, or do not pay (and return unpaid) which would have resulted in an overdraft had we paid it (usually due to insufficient or unavailable funds).

  • We will provide you additional copies of these documents upon your request.If you receive electronic deposits to your checking account from the federal government or a state government of statutorily protected federal or state benefits and you do not want us to deduct from those funds the amount your account is overdrawn and any related Overdraft Fees, please call 1-800-922-8742.

  • The order in which the transactions are received and processed can affect the balance of funds available in your Account and the total amount of Overdraft Fees assessed to your Account.

  • You further agree to pay any Overdraft Fees relating to the Overdraft if your Card is linked to: (a) a personal Account and you have agreed to opt-in to the Overdraft Program for ATM and Everyday (non-recurring, single) Debit Card Transactions or (b) a business Account.


More Definitions of Overdraft Fees

Overdraft Fees. If your account becomes overdrawn, you may be charged a fee, as listed in our fee schedule. The overdraft fee applies to overdrafts created by check, in- person withdrawal, ATM withdrawal, or other electronic means. Stop Payment Orders Stop Payment Order Request. You may request a stop payment order on any item payable from your account (ACH transactions, checks, and share drafts) on your account. To be binding an order must be dated, signed, and describe the account and item number and the exact amount. The stop payment will be effective if the Credit Union receives the order in time for the Credit Union to act upon the order and you state the number of the account, number of the item, and its exact amount. For ACH transactions, we must receive a written request at least three (3) business days preceding the scheduled date of the ACH transaction. You understand that the exact information is necessary for the Credit Union to identify the item. If you give us incorrect or incomplete information, we will not be responsible for failing to stop payment on the item/s. If the stop payment order is not received in time for us to act upon the order, we will not be liable to you or to any other party for payment of the item. In addition, we may request a copy of your written cancellation notice to revoke an ACH transaction with the receiver. If we re-credit your account after paying a item over a valid and timely stop payment order, you agree to sign a statement describing the dispute with the payee, to transfer to us all of your rights against the payee or other holders of the item and to assist us in any legal action. -Duration of Order. You may make an oral stop payment order, which will lapse within fourteen (14) calendar days unless confirmed in writing within that time. A written stop payment order is in effect until all entries that have been listed on the stop payment order have stopped. -Liability. Fees for stop payment orders are set forth on the Fee Schedule. You may not stop payment on any certified check, cashier's check, teller's check, or any other check, draft, or payment guaranteed by us. Although payment of an item may be stopped, you may remain liable to any item holder, including us. You agree to indemnify and hold the Credit Union harmless from all costs, including attorney's fees, damages or claims related to our refusing payment of an item, including claims of any multiple party account owner, payee, or endorsee in failing to stop payment of ...
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Overdraft Fees are paid item fees that Xxxxxxx charged customers when the Available Balance in the customer’s account was insufficient to fully cover the amount of the customer’s transaction but Xxxxxxx paid the item.
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Overdraft Fees means the APPSN Fee(s) that Members charged on certain Point of Sale debit card transactions where there was a sufficient available balance at the time the transaction was authorized, but an insufficient available balance at the time the transaction was presented to Members for payment and posted to a customer’s account.
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Overdraft Fees means the APPSN Fee(s) that Members charged on certain Point of Sale debit card transactions where there was a sufficient available balance at the time the transaction was authorized, but an insufficient available balance at the time the transaction was presented to Members for payment and posted to a member’s account.
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Overdraft Fees. The credit union will disclose the monthly and yearly total dollar aggregate fees and charges, for paying checks and returning items unpaid, for the statement period and calendar year-to-date. This includes interest charges, daily or other periodic fees, or fees charged for maintain and account in overdraft status. The aggregate fee total does not include fees for transferring funds from another member account to avoid an overdraft, or fees charged under a service subject to Regulation Z. The credit union may use terminology such as “returned item fee” or “NSF fee” to describe the fees for returning items unpaid.
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Related to Overdraft Fees

  • Overdraft Rate means the per annum rate of interest, regardless of compounding frequency, designated by the Financial Institution as its “Overdraft Rate” from time to time.

  • Overdraft Facility or ‘Facility’ means an authorised debit balance that may be offered to you at our discretion from time to time allowing your Account to go overdrawn up to an agreed Overdraft Limit.

  • Overdraft Obligations means, with respect to any Portfolio, the amount of any outstanding Overdraft(s) provided by the Custodian to such Portfolio together with all accrued interest thereon.

  • Overdraft means any payment or transfer of funds on behalf of a Fund or series of a Fund for which there are, at the close of business on the date of such payment or transfer, insufficient funds held by the Custodian on behalf of such Fund or series thereof.

  • Facility Fees has the meaning provided in Section 2.11(a).

  • Commitment Fees has the meaning set forth in Section 2.11(a).

  • Unpaid Charges means any charges billed to the Non-Paying Party that the Non-Paying Party did not render full payment to the Billing Party by the Bill Due Date, including where funds were not accessible.

  • L/C Fees has the meaning set forth in Section 3.4(c).

  • Breakage Costs shall have the meaning set forth in Section 2.2.3(h) hereof.

  • Hedge Breakage Costs For any Hedge Transaction, any amount payable by the Seller for the early termination of that Hedge Transaction or any portion thereof.

  • Agent Fees has the meaning assigned to such term in Section 2.10(c).

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Finance Charges means, with respect to a Contract, any finance, interest, late payment charges or similar charges owing by an Obligor pursuant to such Contract.

  • Upfront Fees shall have the meaning assigned to such term in Section 2.05.

  • Ancillary Fees With respect to any Serviced Loan, any and all demand fees, beneficiary statement charges, fees for insufficient or returned checks and other usual and customary charges and fees (other than Modification Fees, Consent Fees, Penalty Charges, Assumption Fees, assumption application fees and defeasance fees) actually received from the related Mortgagor.

  • Customer Credit Liabilities means, at any time, the aggregate remaining balance reflected on the books and records of the Loan Parties at such time of (a) outstanding gift certificates and gift cards of the Loan Parties entitling the holder thereof to use all or a portion of the gift certificate or gift card to pay all or a portion of the purchase price for any Inventory, and (b) outstanding merchandise credits and customer deposits of the Loan Parties.

  • Processing Fees means all routine, generally applicable City-wide fees required by the City for processing applications and permits including, but not limited to, fees for land use applications, building applications, building permits, and certificates of occupancy.

  • Unused Revolving Line Facility Fee is defined in Section 2.4(c). [Signature page follows.]

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • Cash Management Obligations means obligations owed by the Company or any Subsidiary to any Lender or a Cash Management Bank in respect of (1) any overdraft and related liabilities arising from treasury, depository and cash management services or any automated clearing house transfers of funds and (2) the Company’s or any Subsidiary’s participation in commercial (or purchasing) card programs at the Lender or any Affiliate (“card obligations”).

  • Facility Fee has the meaning specified in Section 2.09(a).

  • Administrative Fees shall have the meaning assigned to such term in Section 2.06(b).

  • School Fees means the money payable by the Parent/s to the School in connection with a Student’s education, excluding any Enrolment Fee, Deposit or Additional Fees.

  • Admin Fees means the costs incurred by the Authority in dealing with MI Failures calculated in accordance with the tariff of administration charges published by the Authority;

  • Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the “Applicable Margin” is determined in accordance with the definition thereof: Level Facility Fee 2 0.125% 3 0.150% 4 0.200% 5 0.250%

  • L/C Reimbursement Obligation means, for any Letter of Credit, the obligation of the Borrower to the L/C Issuer thereof, as and when matured, to pay all amounts drawn under such Letter of Credit.