Common use of Overdraft Advances Clause in Contracts

Overdraft Advances. In the event we have approved overdraft protection for you, for any overdrafts on a savings or checking account of yours, we will treat the overdraft as a request for a cash advance on your credit line and we will

Overdraft Advances. In the event we have approved overdraft protection for you, for any overdrafts on a savings or checking account of yours, we will treat the overdraft as a request for a cash advance on your credit line and we willwill transfer this amount to your overdrawn account. For purposes of this Agreement, an overdraft advance will be treated as a cash advance.