Common use of OVERDRAFT AND OVERDRAFT PROTECTION PLAN Clause in Contracts

OVERDRAFT AND OVERDRAFT PROTECTION PLAN. What is Overdraft Protection? This is an optional service you can add to your checking account by linking up to two eligible accounts (one savings, one credit). We will use available funds in your linked account(s) to authorize or pay your transactions if you don’t have enough money in your checking account. A single Overdraft Protection Transfer or Advance Fee may be assessed any day a transfer/advance is made regardless of the number of transactions covered or whether money is transferred/advanced from multiple accounts. If you link two accounts, you may tell us which account to use first to transfer/advance funds If you do not specify an order, we will first transfer funds from your linked savings account.