Common use of Limits on Overdraft Transfer Service Clause in Contracts

Limits on Overdraft Transfer Service. We will not transfer more than the available account balance in designated linked account if the amount of the overdraft and related fee(s) exceed the available amount. If the available balance in a designated linked account is not enough to pay the full amount of the transaction(s) you have initiated on any day plus the Overdraft Transfer Fee(s), we will transfer up to the available balance to pay one or more transactions, plus the applicable fee for each item. Any transactions that are not paid by the transfer will either be paid through our Overdraft Tolerance Service or returned, and Overdraft Transfer Fees, Overdraft Tolerance Fees, and/or NSF Fees, as applicable, will be assessed. The following example illustrates how this works if you have elected both Overdraft Transfer Service and Overdraft Tolerance Overdraft Service: Assume your actual and available balances in your checking account are both $50, and your available balance in your savings account is

Limits on Overdraft Transfer Service. We will not transfer more than the available account balance in designated linked account if the amount of the overdraft and related fee(s) exceed the available amount. If the available balance in a designated linked account is not enough to pay the full amount of the transaction(s) you have initiated on any day plus the Overdraft Transfer Fee(s), we will transfer up to the available balance to pay one or more transactions, plus the applicable fee for each item. Any transactions that are not paid by the transfer will either be paid through our Overdraft Tolerance Discretionary Pay Service or returned, and Overdraft Transfer Fees, Overdraft Tolerance Discretionary Pay Fees, and/or NSF Fees, as applicable, will be assessed. The following example illustrates how this works if you have elected both Overdraft Transfer Service and Overdraft Tolerance Discretionary Pay Overdraft Service: Assume your actual and available balances in your checking account are both $50, and your available balance in your savings account is