Common use of Courtesy Pay Coverage Limits Clause in Contracts

Courtesy Pay Coverage Limits. The Credit Union will establish a set amount in excess of the member’s account balance of which overdrafts may be paid. For each eligible account, this amount is $500. This means the Credit Union may cover transactions for over-drafted items up to $500, plus fees, beyond the account balance; however, due to the timing of pending and settling transactions, there may be times when an account goes negative beyond this amount. The limit will not be included in any “available” amount in the account balance. Over the counter transactions are ineligible. The Credit Union reserves the right to make changes to this program and will notify you of the changes as required.

Courtesy Pay Coverage Limits. The Credit Union will establish a set amount in excess of the member’s account balance of which overdrafts may be paid. For each eligible account, this amount is $500. This means the Credit Union may cover transactions for over-drafted items up to $500, plus fees, beyond the account balance; however, due to the timing of pending and settling transactions, there may be times when an account goes negative beyond this amount. The limit will not be included in any “available” amount in the account balance. Over the counter transactions are ineligible. The Credit Union reserves the right to make changes to this program and will notify you of the changes as requiredasrequired.

Courtesy Pay Coverage Limits. The Credit Union will establish a set amount in excess of the member’s account balance of which overdrafts may be paid. For each eligible account, this amount is $500. This means the Credit Union may cover transactions for over-drafted items up to $500, plus fees, beyond the account balance; however, due to the timing of pending and settling transactions, there may be times when an account goes negative beyond this amount. The limit will not be included in any “available” amount in the account balance. Over the counter transactions are ineligible. The Credit Union reserves the right to make changes to amend this program and will notify you of the changes as requiredasrequired.