Common use of No Overdrafts Clause in Contracts

No Overdrafts. You are not permitted to overdraw your Account. If the available balance in your Account is not sufficient to cover any payment or withdrawal you have authorized, we can refuse to process the payment or withdrawal. If your Account balance becomes negative for any reason, you must make a deposit immediately to cover the negative balance. If your Account has a negative balance for more than fifteen (15) days and you have another account with us, we reserve the right to exercise our right to set off. See the "Right to Set Off" section below for details. If your Account has a negative balance for sixty (60) calendar days or more, it will be closed.

No Overdrafts. You Except where eligible Current Accountholders have opted into the Current Overdrive Program (refer to the “Overdrive” section of this agreement for more information on this program), you are not permitted to overdraw your Account. If the available balance in your Account is not sufficient to cover any payment or withdrawal you have authorized, we can refuse to process the payment or withdrawal. If we do permit the transaction, you remain liable to us for the full amount of the transaction. If your Account balance becomes negative for any reason, you must make a deposit immediately to cover the negative balance. If your Account has a negative balance for more than fifteen sixty-one (15) days and you have another account with us, we reserve the right to exercise our right to set off. See the "Right to Set Off" section below for details. If your Account has a negative balance for sixty (6061) calendar days or more, it will your Account may be closed.