Common use of Checking Account Clause in Contracts

Checking Account. This account has a Savings Account associated with the product and an Overdraft Line. • Credit and debit transactions to the Checking account are allowed (Cash, Alternate Channels: Online Banking, ATM, ACH, local and international transfers, management check) except for checkbook associated with the account Checking. • Deposits received in the Checking account will first cover the overdraft amount, and if there are remaining funds, they are transferred in an overnight internal process to the savings account to increase capital. • All charges are debited against the overdraft line. • The overdrafts generated by the bank's commission charges apply, even if the amount of the approved overdraft line has been fully used. • The renewal is automatic as long as the term and the minimum amount required is maintained. • If at the time of the account renewal of the account, the overdraft line exceeds 75% of the amount that is kept in the savings account, the savings account funds associated with the product are debited, until the overdrawn amount has been covered. The savings account associated with the product is automatically canceled and the overdraft line is not generated. If there are remaining funds in the savings account, they are automatically transferred to the Checking account associated with the product. • All the clauses of the Checking Account Regulations of this Document apply (Section C. REGULATIONS OF CHECKING ACCOUNTS)

Checking Account.  This account has a Savings Account associated with the product and an Overdraft Line. •  Credit and debit transactions to the Checking account are allowed (Cash, Alternate Channels: Online Banking, ATM, ACH, local and international transfers, management check) except for checkbook associated with the account Checking. •  Deposits received in the Checking account will first cover the overdraft amount, and if there are remaining funds, they are transferred in an overnight internal process to the savings account to increase capital. •  All charges are debited against the overdraft line. •  The overdrafts generated by the bank's commission charges apply, even if the amount of the approved overdraft line has been fully used. •  The renewal is automatic as long as the term and the minimum amount required is maintained. •  If at the time of the account renewal of the account, the overdraft line exceeds 75% of the amount that is kept in the savings account, the savings account funds associated with the product are debited, until the overdrawn amount has been covered. The savings account associated with the product is automatically canceled and the overdraft line is not generated. If there are remaining funds in the savings account, they are automatically transferred to the Checking account associated with the product. •  All the clauses of the Checking Account Regulations of this Document apply (Section C. REGULATIONS OF CHECKING ACCOUNTS)