Common use of Eligibility for Overdraft Tolerance Clause in Contracts

Eligibility for Overdraft Tolerance. Overdraft Tolerance is not a credit product. It is a feature that is automatically included with eligible checking accounts (unless you decline Overdraft Tolerance entirely as described below). Eligibility is at the sole discretion of the Credit Union and is based on you managing your checking account in a responsible manner. Overdraft Tolerance may be available for checking accounts for which the primary checking account owner is 18 years of age or older. We reserve the right to limit Overdraft Tolerance to one (1) account per household or member. We may reduce or permanently revoke Overdraft Tolerance from your checking account, in our sole and absolute discretion, based on any one or more of the following criteria:

Appears in 6 contracts

Samples: Consumer Agreements and Disclosures, Consumer Agreements and Disclosures, Consumer Agreements and Disclosures

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