Common use of AUTOMATIC TELLER MEMBER SERVICES Clause in Contracts

AUTOMATIC TELLER MEMBER SERVICES. You may use the Card to make payments, purchases or to obtain cash advances from merchants, financial institutions, or other parties who honor the Card. Such use of the Card is your authorization for us to withdraw funds from your Account in an amount equal to the payment, purchase or cash advance transaction. Each Card withdrawal by you (or by anyone else to whom you have given the Card)will be charged to the Account and will be treated as though it were a "share draft" for purposes of the Share Draft Account Agreement, except that: (1) we may charge withdrawals to the Account in any order we determine, and if shares are not sufficient to cover all withdrawals, we may pay Card withdrawals and dishonor regular share drafts, and (2) we cannot honor stop payment requests on Card withdrawals.

Appears in 4 contracts

Samples: Max Credit Union, Max Credit Union, Membership Agreement

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