Debit Card Overdraft Authorization and Enrollment Sample Clauses

Debit Card Overdraft Authorization and Enrollment. With our Debit Card Overdraft Authorization and Enrollment: • If a “one-time” (“everyday”) debit card transaction overdraws your account, then the applicable overdraft charge described in our Schedule of Service Fees and Charges will be assessed and debited from your account. You must immediately pay the overdraft and the related overdraft charge, and return your account to a positive balance. • There is no service fee to add our Debit Card Overdraft Authorization and Enrollment to your account, and there is no charge unless your debit card transaction overdraws your account. • There is no overdraft charge if your account were overdrawn during the day and you were to deposit or transfer sufficient available funds to your account to return it to a positive balance before the posted cut-off time on that business day. • Whether we will pay a “one-time” (“everyday”) debit card transaction that would create an overdraft in your account is completely discretionary on our part, and we reserve the right to not pay such item regardless of your enrollment in our Debit Card Overdraft Authorization and Enrollment. For example, we likely would not pay an overdraft if your account were not in good standing, or if you have incurred excessive overdrafts. • Our Debit Card Overdraft Authorization and Enrollment does not apply to checks and other items for payment from your account, including transactions that you have established for recurring payment (such as utility bills or club memberships). We may continue to pay those items at our discretion and create overdrafts in your account even if you do not enroll in our Debit Card Overdraft Authorization and Enrollment.