Common use of No Overdrafts Clause in Contracts

No Overdrafts. You cannot intentionally overdraw the Bank Account. If the available balance in the Bank Account is insufficient to cover any payment or withdrawal you have authorized, we will refuse to process the payment or withdrawal. If the Bank Account balance becomes negative for any reason, you must make a deposit immediately to cover the negative balance.

Appears in 6 contracts

Samples: Bank Account Agreement, Bank Account Agreement, Bank Account Agreement

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No Overdrafts. You cannot intentionally overdraw the Bank Savings Account. If the available balance in the Bank Savings Account is insufficient to cover any payment or withdrawal you have authorized, we will refuse to process the payment or withdrawal. If the Bank Savings Account balance becomes negative for any reason, you must make a deposit immediately to cover the negative balance.

Appears in 6 contracts

Samples: Savings Account Agreement, Savings Account Agreement, Savings Account Agreement

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