Common use of Automatic Transfer Overdraft Protection Clause in Contracts

Automatic Transfer Overdraft Protection. Advances from your line of credit, Visa, and home equity plans up to your approved limit, and/or transfers from your savings account(s), will be made in increments of $100.00 and deposited to your checking account. If there are not sufficient funds available in your checking account and your designated overdraft account(s), your check(s) may be returned marked “Non-Sufficient Funds” or covered under our Overdraft Courtesy Pay Plan as set forth below. An automatic transfer to your checking account can be established in the event you do not have sufficient funds to cover outstanding checks, ACH transactions, or Visa Debit Card transactions. A fee is charged for each automatic transfer from your savings account to your checking account. For each notice of transfer from a loan account, a fee is charged to your checking account. If you elect to not receive paper notification at the time the overdraft occurs from an account, the transfer will be listed on your monthly statement and no fee will be charged. You may elect to receive electronic notices at no charge.

Automatic Transfer Overdraft Protection. Advances from your line of credit, Visa, and home equity plans plans, up to your approved limitlimits, and/or transfers from your savings account(s), ) will be made in increments of $100.00 and deposited to your checking account. If there are not sufficient funds available in your checking account and your designated overdraft account(s), your check(s) may be returned marked “Non-Sufficient Funds” or covered under our Overdraft Courtesy Pay Plan as set forth below. An automatic transfer to your checking account can be established in the event you do not have sufficient funds to cover outstanding checks, ACH transactions, or Visa Debit Card transactions. A fee is charged for each automatic transfer from your savings account to your checking account. For each notice of transfer from a loan account, a fee is charged to your checking account. If you elect to not receive paper notification at the time the overdraft occurs from an account, the transfer will be listed on your monthly statement and no fee will be charged. You may elect to receive electronic notices at no charge.