Common use of Overdraft Fees Clause in Contracts

Overdraft Fees. We will charge an Insufficient Funds Fee during nightly processing for any paid item posted on a business day when your account is overdrawn. If we return an item, we will not charge a fee. We will charge an Insufficient Funds Fee for an item that may have been previously returned unpaid if it is later paid against an overdrawn balance. Refer to your product information and Fee Schedule for information about what fees apply and how fees are calculated for your account. We may limit the number of Insufficient Funds Fees we charge for a business day. For business accounts, we may charge interest on any amount you are overdrawn that you haven’t repaid promptly.

Appears in 5 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

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