Overdraft Privilege Service. We offer a discretionary overdraft service (Overdraft Privilege) to cover overdrafts on your checking accounts. The Overdraft Privilege service is offered to eligible business checking account owners, who qualify and remain in good standing with the Credit Union. The Credit Union provides the Overdraft Privilege Program as an accommodation to you and is not obligated to do so, even when it has done so in the past. You do not apply for this service. To be eligible for the Overdraft Privilege Program you must meet all of the following criteria: • Must be a member in good standing; • Must make regular deposits sufficient to cover transactions; • You have no levies or administrative or legal orders on the account; • You have not caused the Credit Union to incur a loss; and • You do not have any loans with the Credit Union that are more than fifteen (15) days past due. By participating in the program, the Credit Union may honor overdrafts, including checks, automated (ACH) debits, ATM withdrawals, point of-sale (POS) transactions, VISA Debit Card transactions, in person withdrawals, and other electronic means. Unless the Credit Union currently has your affirmative consent to participate in Overdraft Extended Coverage, we will not approve your overdrafts for ATM withdrawals and VISA Debit Card transactions .You must tell us you want overdraft coverage for these transactions. To request Overdraft Extended Coverage for your ATM withdrawals and VISA Debit Card purchases, you may call us; or complete and sign the Overdraft Consent Form and return it to the Credit Union. The Credit Union will provide you with written confirmation of your enrollment choice. When an overdraft is covered, the account will be taken negative by the dollar amount of the overdraft plus the amount of the Overdraft Privilege fee. If we honor multiple overdrafts we may honor them in any order at the Credit Union's option or return any such items. The maximum dollar amount of overdrafts the Credit Union will cover for each Member is $700, including the Overdraft Privilege fee. When the Credit Union honors overdraft items, you must deposit funds immediately, but in no case more than thirty-two (32) days from the date of the notice sent to you. If you fail to cover the total overdraft amount within thirty-two (32) days, the Credit Union may pursue all collection options available to it. The Credit Union may, but is not obligated to, transfer funds from your other accounts with us to cover the ove...
Overdraft Privilege Service. We offer a discretionary overdraft service (Overdraft Privilege) to cover overdrafts on your checking accounts. The Overdraft Privilege service is offered to all eligible consumer checking account owners, who qualify and remain in good standing with the Credit Union. Overdraft Privilege is not offered to minors, fiduciary, business or organizational accounts or anyone who has caused a financial loss to the Credit Union, anyone with a past due loan payment at the Credit Union or anyone who has enrolled in a debt management program.
Overdraft Privilege Service. This is a non-contractual service we provide on eligible consumer and non-consumer checking accounts for overdraft coverage. The Overdraft Privilege Service does not constitute either a written agreement of an obligation or a prearranged agreement for First Bank to pay overdrafts, and we may withdraw this privilege and cease paying overdrafts at any time, without prior notice of a reason or cause. Payment of an overdraft will continue to be at the discretion of First Bank, and paying of an overdraft does not obligate us to pay future overdrafts.
Overdraft Privilege Service. 1. In accordance with our commitment to provide valued service and benefits, we may, at our discretion, pay your overdrafts that would cause your eligible checking account to have a negative balance. We refer to this service as our Overdraft Privilege Service (hereinafter referred to as the “Service”). The Service is different than the personal line of credit and the Overdraft Protection Transfer Service plans. The Service is a backup to your existing overdraft protection plans and will only be activated if funds are not available from those plans, although we reserve the right to not pay any overdraft transaction at our sole discretion.
Overdraft Privilege Service. If you have a checking account and are in good standing, you may use our Overdraft Privilege ser- vice which allows you to overdraft the account up to a set limit. To be in good standing requires that you own a checking account for at least sixty (60) calendar days, be eighteen (18) years of age or older, not caused us a loss, and do not show a negative account history. If you qualify, we may pay your overdrafts up to a set limit and assess a service charge as stated in Our Rates & Service Charges disclosure. This service will not apply to ATM transactions or to non-recurring debit card transactions unless you notify us that you would like to opt in to coverage of such transactions, in accord- ance with any notification procedures that we may require. If you use this service, we will notify you of the amount paid, including the fee per transaction, and you will have thirty (30) calendar days to reimburse us for paid checks, drafts items, EFTs and fees. For more information on this service, please contact us at 808-885- 7349.
Overdraft Privilege Service. If you qualify for this service, we will generally approve overdrafts up to $700 for Blue Secure and Blue Secure Premier checking accounts. To be eligible, the account must be primarily used for personal and household purposes. Any and all bank fees and charges, including without limitation our Non-Sufficient Fund/Overdraft (NSF\OD) Charge, as set forth in this document; will be included in this limit. In applying for this discretionary service to your account, we consider the following:
Overdraft Privilege Service
