Common use of Overdraft Protection Plan Clause in Contracts

Overdraft Protection Plan. The Credit Union offers the Overdraft Protection service to eligible consumer checking account owners (not available to minors or business account owners). Overdraft Protection service means that we may honor and pay your checks drawn against insufficient funds so that your checks are not returned unpaid. The Overdraft Protection Plan cannot be applied for and is made available only to members meeting specific qualifying criteria. In order to be eligible to receive Overdraft Protection you must be a member in good standing. Other qualifying criteria may apply. Not all members may qualify. Our Overdraft Protection Plan may apply to checks and other transactions you have drawn against insufficient funds in your checking account(s) with us, as well as other transfer or withdrawal request(s) you have authorized (such as, but not limited to, pre-authorized transfers) for which funds are insufficient. However, if you would like the Credit Union to provide Overdraft Protection service for one time debit (everyday/point-of-sale) card purchase transactions and ATM transactions (when available) you must specifically notify us to do so (“opt-in”). This overdraft service is not a line of credit, it is not guaranteed, and is independent of any other payment arrangement we may offer. We may, at our sole discretion, but are not obligated to, make payment on such overdrawn checks, transfers, and/or withdrawal requests in any order at our option or return the overdrawn checks, transfers, and/or withdrawal requests unpaid. Also, we may refuse to pay an overdraft for you at any time, even if we have previously paid overdrafts for you. Regardless, we are not liable for any action we take regarding payment or nonpayment of an overdrawn check, transfer, or withdrawal requests. If we choose to pay an overdrawn check, transfer, or withdrawal request, you will be subject to a fee(s) in the amount as set forth in the accompanying Fee Schedule for each transaction. In that event, you understand and agree that you are obligated to reimburse us and you are required to deposit with us sufficient good funds to cover the overdrawn check, transfer, or withdrawal request and pay the applicable fee(s). If we choose not to pay the overdrawn check, transfer, or withdrawal request, you are subject to the applicable fee(s) for each such item in the amount set forth in our Fee Schedule. We reserve the right to limit the number of overdrawn checks and the total dollar amount of overdrawn checks, transfers, and/or withdrawal request that may be paid under the Overdraft Protection Plan at any time. Generally, we will not pay an overdraft for you in excess of any limit we have established for your account type. Further, we do not guarantee payment of any overdrawn check, transfer, or withdrawal request. You understand that if we permit payment of an overdrawn check, transfer, or withdrawal request, we are not required to notify you. In addition, we may discontinue the Overdraft Protection Plan at any time without prior notice.

Overdraft Protection Plan. The Credit Union offers the Overdraft Protection service to eligible consumer checking account owners (not available to minors or business account owners)If we approve your request for overdraft protection, we will provide an overdraft protection plan for you. Overdraft Protection service means that we may We will honor and pay your checks drawn against insufficient funds so that your checks are not returned unpaid. The Overdraft Protection Plan cannot be applied for and is made available only to members meeting specific qualifying criteria. In order to be eligible to receive Overdraft Protection you must be a member in good standing. Other qualifying criteria may apply. Not all members may qualify. Our Overdraft Protection Plan may apply to checks and other transactions you have drawn against on insufficient funds in any checking account by transferring the funds from a deposit or loan account to your checking account(s) with usaccount. If you elect to have transfer from shares, as well as other funds will be transferred in the amount necessary to clear the overdrawn item. If your savings account balance is insufficient to cover the amount of the overdraft, we will only transfer or withdrawal request(s) you have authorized (such as, but not limited to, pre-authorized transfers) for which the available funds are insufficient. Howeverto cover the amount of the overdraft, if another overdraft protection plan is available, we will not overdraw your savings account. If another overdraft protection plan is not available, we will return the check or item unpaid. If you would like elect to have transfers from a line of credit account, you authorize us to access your account and transfer funds to your checking account. The fee for overdraft transfers is set forth on the Fee Schedule. Transfers from a share account will be governed by this Agreement. Transfers from your line of credit account will be governed by the applicable loan agreement. Postdated and Staledated Items You authorize us to accept and pay any check, even if the check is presented for payment before its date, unless you notify the Credit Union of the postdating. Your notice will be effective only if the Credit Union receives the notice in time for the Credit Union to provide Overdraft Protection service for one time debit (everyday/point-of-sale) card purchase transactions notify its employees and ATM transactions (when available) reasonably act upon the notice and you must specifically notify us to do so (“opt-in”). This overdraft service is not a line of creditaccurately describe the check, it is not guaranteedincluding the number, date, and is independent of any other payment arrangement we may offer. We may, at our sole discretion, but are not obligated to, make payment on such overdrawn checks, transfers, and/or withdrawal requests in any order at our option or return the overdrawn checks, transfers, and/or withdrawal requests unpaid. Also, we may refuse to pay an overdraft for you at any time, even if we have previously paid overdrafts for you. Regardless, we are not liable for any action we take regarding payment or nonpayment of an overdrawn check, transfer, or withdrawal requests. If we choose to pay an overdrawn check, transfer, or withdrawal request, you will be subject to a fee(s) in the amount as set forth in the accompanying Fee Schedule for each transaction. In that event, you understand and agree that you are obligated to reimburse us and you are required to deposit with us sufficient good funds to cover the overdrawn check, transfer, or withdrawal request and pay the applicable fee(s). If we choose not to pay the overdrawn check, transfer, or withdrawal request, you are subject to the applicable fee(s) for each such item in the amount set forth in our Fee Schedule. We reserve the right to limit the number of overdrawn checks and the total dollar amount of overdrawn checks, transfers, and/or withdrawal request that may be paid under the Overdraft Protection Plan at any time. Generally, we will not pay an overdraft for you in excess of any limit we have established for your account type. Further, we do not guarantee payment of any overdrawn check, transfer, or withdrawal requestamount. You understand that if we permit payment of the exact information is necessary for the Credit Union's computer to identify the check. If you give the Credit Union an overdrawn checkincorrect, transferincomplete, or withdrawal requestuntimely notice, we the Credit Union will not be responsible for paying the item before the date stated and the Credit Union may charge your account as of the date the Credit Union pays the item. You may make an oral notice which will lapse within fourteen (14) days unless continued in writing, within that time. You also agree not to deposit checks, drafts, or other items before they are not required properly payable. The Credit Union is under no obligation to notify youyou to pay a check drawn on your account which is presented more than six (6) months after its date. In addition, we may discontinue the Overdraft Protection Plan at any time without prior notice.Stop Payment Orders

Overdraft Protection Plan. The Credit Union offers Overdraft protection is available, by application of the Overdraft Protection service account holder and subject to eligible consumer checking account owners (not available to minors or business account owners)creditworthiness. Overdraft Protection service means that we may honor and pay your checks drawn against insufficient funds so that your checks are not returned unpaid. The Under an approved Overdraft Protection Plan cannot be applied for and is made available only to members meeting specific qualifying criteria. In order to be eligible to receive Overdraft Protection you must be a member in good standing. Other qualifying criteria may apply. Not all members may qualify. Our Overdraft Protection Plan may apply to checks and other transactions you have drawn against we will honor drafts when there are insufficient funds in your checking account(s) accordance with usthe terms of the plan. The fee for overdraft transfers, as well as other transfer or withdrawal request(s) if any, is set forth in the Rate and Fee Schedule. 8. POSTDATED AND STALEDATED CHECKS - Unless you notify us that you have authorized (such as, but not limited to, pre-authorized transfers) for which funds are insufficient. However, if you would like the Credit Union to provide Overdraft Protection service for one time debit (everyday/point-of-sale) card purchase transactions and ATM transactions (when available) you must specifically notify us to do so (“opt-in”). This overdraft service is not postdated a line of credit, it is not guaranteed, and is independent of any other payment arrangement we may offer. We may, at our sole discretion, but are not obligated to, make payment on such overdrawn checks, transfers, and/or withdrawal requests in any order at our option or return the overdrawn checks, transfers, and/or withdrawal requests unpaid. Alsoparticular draft, we may refuse pay such draft regardless of the date. Notice of postdating of particular drafts must be given to pay an overdraft for you at us within a time in which we can reasonably notify our employees and act upon your notice. You must provide us with complete and accurate information about any timesuch draft to enable us to identify it, even if we have previously paid overdrafts for you. Regardless, and we are not liable responsible if you give us incomplete or inaccurate information. We may require an oral notification to be confirmed in writing. You agree not to deposit any drafts or other items before they are payable. We may decline to pay any check or draft drawn on your account if presented more than six (6) months after it is dated. 9. STOP-PAYMENTS - A stop-payment order must, be received in time to give us a reasonable opportunity to act on it. You must identify the account number, draft number, date and amount of the item, and the payee. If you provide us with incomplete or inaccurate information, we will not be responsible for failure to stop payment. We may require an oral stop-payment request to be confirmed in writing. We may honor a stop- payment request made by the person who signed the draft or by any action we take regarding other person having an equal or greater right to withdraw from the account other than the person who signed the draft. A release of the stop-payment or nonpayment of an overdrawn request may be made only by the person who initiated the stop-payment. We will not stop payment on any payment guaranteed by us, including any teller’s check, transfercashier’s check or certified check. We may charge a fee for a stop-payment order, or withdrawal requests. If we choose to pay an overdrawn check, transfer, or withdrawal request, you will be subject to a fee(s) in the amount as set forth in the accompanying Fee Schedule for each transaction. In that event, you understand Rate and agree that you are obligated to reimburse us and you are required to deposit with us sufficient good funds to cover the overdrawn check, transfer, or withdrawal request and pay the applicable fee(s). If we choose not to pay the overdrawn check, transfer, or withdrawal request, you are subject to the applicable fee(s) for each such item in the amount set forth in our Fee Schedule. We reserve the right to limit the number of overdrawn checks and the total dollar amount of overdrawn checks, transfers, and/or withdrawal request that may be paid under the Overdraft Protection Plan at any time. Generally, we will not pay an overdraft for you in excess of any limit we have established for your account type. Further, we do not guarantee payment of any overdrawn check, transfer, or withdrawal request. You understand that if we permit payment of an overdrawn check, transfer, or withdrawal request, we are not required to notify you. In addition, we may discontinue the Overdraft Protection Plan at any time without prior notice.

Overdraft Protection Plan. The Credit Union offers the Overdraft Protection service to eligible consumer checking account owners (not available to minors or business account owners)If we approve your request for overdraft protection, we will provide an overdraft protection plan for you. Overdraft Protection service means that we may We will honor and pay your checks drawn against insufficient funds so that your checks are not returned unpaid. The Overdraft Protection Plan cannot be applied for and is made available only to members meeting specific qualifying criteria. In order to be eligible to receive Overdraft Protection you must be a member in good standing. Other qualifying criteria may apply. Not all members may qualify. Our Overdraft Protection Plan may apply to checks and other transactions you have drawn against on insufficient funds in any checking account by transferring the funds from an approved deposit or loan account to your checking account(s) with usaccount. If you elect to have transfers from a deposit account, as well as other funds will be transferred in the amount necessary to clear the overdrawn item. If your deposit account balance is insufficient to cover the amount of the overdraft, we will only transfer or withdrawal request(s) you have authorized (such as, but not limited to, pre-authorized transfers) for which the available funds are insufficient. Howeverto cover the amount of the overdraft, if another overdraft protection plan is available, we will not overdraw your deposit account. If another overdraft protection plan is not available, we will return the check or item unpaid. If you would like elect to have transfers from a line of credit account, you authorize us to access your account and transfer funds to your checking account. The fee for overdraft transfers is set forth on the Fee Schedule. Transfers from a deposit account will be governed by this Agreement. Transfers from your line of credit account will be governed by the applicable loan agreement. Postdated and Staledated Items You authorize us to accept and pay any check, even if the check is presented for payment before its date, unless you notify the Credit Union of the postdating. Your notice will be effective only if the Credit Union receives the notice in time for the Credit Union to provide Overdraft Protection service for one time debit (everyday/point-of-sale) card purchase transactions notify its employees and ATM transactions (when available) reasonably act upon the notice and you must specifically notify us to do so (“opt-in”). This overdraft service is not a line of creditaccurately describe the check, it is not guaranteedincluding the number, date, and is independent of any other payment arrangement we may offer. We may, at our sole discretion, but are not obligated to, make payment on such overdrawn checks, transfers, and/or withdrawal requests in any order at our option or return the overdrawn checks, transfers, and/or withdrawal requests unpaid. Also, we may refuse to pay an overdraft for you at any time, even if we have previously paid overdrafts for you. Regardless, we are not liable for any action we take regarding payment or nonpayment of an overdrawn check, transfer, or withdrawal requests. If we choose to pay an overdrawn check, transfer, or withdrawal request, you will be subject to a fee(s) in the amount as set forth in the accompanying Fee Schedule for each transaction. In that event, you understand and agree that you are obligated to reimburse us and you are required to deposit with us sufficient good funds to cover the overdrawn check, transfer, or withdrawal request and pay the applicable fee(s). If we choose not to pay the overdrawn check, transfer, or withdrawal request, you are subject to the applicable fee(s) for each such item in the amount set forth in our Fee Schedule. We reserve the right to limit the number of overdrawn checks and the total dollar amount of overdrawn checks, transfers, and/or withdrawal request that may be paid under the Overdraft Protection Plan at any time. Generally, we will not pay an overdraft for you in excess of any limit we have established for your account type. Further, we do not guarantee payment of any overdrawn check, transfer, or withdrawal requestamount. You understand that if we permit payment of the exact information is necessary for the Credit Union's computer to identify the check. If you give the Credit Union an overdrawn checkincorrect, transferincomplete, or withdrawal requestuntimely notice, we the Credit Union will not be responsible for paying the item before the date stated and the Credit Union may charge your account as of the date the Credit Union pays the item. You may make an oral notice which will lapse within fourteen (14) days unless continued in writing, within that time. You also agree not to deposit checks, drafts, or other items before they are not required properly payable. The Credit Union is under no obligation to notify youyou to pay a check drawn on your account which is presented more than six (6) months after its date. In addition, we may discontinue the Overdraft Protection Plan at any time without prior notice.Stop Payment Orders

Overdraft Protection Plan. The Credit Union offers the Overdraft Protection service to eligible consumer checking account owners (not available to minors or business account owners)If we approve your request for overdraft protection, we will provide an overdraft protection plan for you. Overdraft Protection service means that we may We will honor and pay your checks drawn against insufficient funds so that your checks are not returned unpaid. The Overdraft Protection Plan cannot be applied for and is made available only to members meeting specific qualifying criteria. In order to be eligible to receive Overdraft Protection you must be a member in good standing. Other qualifying criteria may apply. Not all members may qualify. Our Overdraft Protection Plan may apply to checks and other transactions you have drawn against on insufficient funds in any checking account by transferring the funds from a deposit or loan account to your checking account(s) with usaccount. If you elect to have transfers from a share, as well as other funds will be transferred in the amount necessary to clear the overdrawn item. If your savings account balance is insufficient to cover the amount of the overdraft, we will only transfer or withdrawal request(s) you have authorized (such as, but not limited to, pre-authorized transfers) for which the available funds are insufficient. Howeverto cover the amount of the overdraft, if another overdraft protection plan is available, we will not overdraw your savings account. If another overdraft protection plan is not available, we will return the check or item unpaid. If you would like elect to have transfers from a line of credit account, you authorize us to access your account and transfer funds to your checking account. The fee for overdraft transfers is set forth on the Fee Schedule. Transfers from a share account will be governed by this Agreement. Transfers from your line of credit account will be governed by the applicable loan agreement. Postdated and Staledated Items You authorize us to accept and pay any check, even if the check is presented for payment before its date, unless you notify the Credit Union of the postdating. Your notice will be effective only if the Credit Union receives the notice in time for the Credit Union to provide Overdraft Protection service for one time debit (everyday/point-of-sale) card purchase transactions notify its employees and ATM transactions (when available) reasonably act upon the notice and you must specifically notify us to do so (“opt-in”). This overdraft service is not a line of creditaccurately describe the check, it is not guaranteedincluding the number, date, and is independent of any other payment arrangement we may offer. We may, at our sole discretion, but are not obligated to, make payment on such overdrawn checks, transfers, and/or withdrawal requests in any order at our option or return the overdrawn checks, transfers, and/or withdrawal requests unpaid. Also, we may refuse to pay an overdraft for you at any time, even if we have previously paid overdrafts for you. Regardless, we are not liable for any action we take regarding payment or nonpayment of an overdrawn check, transfer, or withdrawal requests. If we choose to pay an overdrawn check, transfer, or withdrawal request, you will be subject to a fee(s) in the amount as set forth in the accompanying Fee Schedule for each transaction. In that event, you understand and agree that you are obligated to reimburse us and you are required to deposit with us sufficient good funds to cover the overdrawn check, transfer, or withdrawal request and pay the applicable fee(s). If we choose not to pay the overdrawn check, transfer, or withdrawal request, you are subject to the applicable fee(s) for each such item in the amount set forth in our Fee Schedule. We reserve the right to limit the number of overdrawn checks and the total dollar amount of overdrawn checks, transfers, and/or withdrawal request that may be paid under the Overdraft Protection Plan at any time. Generally, we will not pay an overdraft for you in excess of any limit we have established for your account type. Further, we do not guarantee payment of any overdrawn check, transfer, or withdrawal requestamount. You understand that if we permit payment of the exact information is necessary for the Credit Union's computer to identify the check. If you give the Credit Union an overdrawn checkincorrect, transferincomplete, or withdrawal requestuntimely notice, we the Credit Union will not be responsible for paying the item before the date stated and the Credit Union may charge your account as of the date the Credit Union pays the item. You may make an oral notice which will lapse within fourteen (14) days unless continued in writing, within that time. You also agree not to deposit checks, drafts, or other items before they are not required properly payable. The Credit Union is under no obligation to notify youyou to pay a check drawn on your account which is presented more than six (6) months after its date. In addition, we may discontinue the Overdraft Protection Plan at any time without prior notice.Stop Payment Orders

Overdraft Protection Plan. The Credit Union offers the Overdraft Protection service to eligible consumer checking account owners (not available to minors or business account owners)If we approve your request for overdraft protection, we will provide an overdraft protection plan for you. Overdraft Protection service means that we may We will honor and pay your checks drawn against insufficient funds so that your checks are not returned unpaid. The Overdraft Protection Plan cannot be applied for and is made available only to members meeting specific qualifying criteria. In order to be eligible to receive Overdraft Protection you must be a member in good standing. Other qualifying criteria may apply. Not all members may qualify. Our Overdraft Protection Plan may apply to checks and other transactions you have drawn against on insufficient funds in any checking account by transferring the funds from an approved deposit or loan account to your checking account(s) with usaccount. If you elect to have transfers from a deposit account, as well as other funds will be transferred in the amount necessary to clear the overdrawn item. If your deposit account balance is insufficient to cover the amount of the overdraft, we will only transfer or withdrawal request(s) you have authorized (such as, but not limited to, pre-authorized transfers) for which the available funds are insufficient. Howeverto cover the amount of the overdraft, if another overdraft protection plan is available, we will not overdraw your deposit account. If another overdraft protection plan is not available, we will return the check or item unpaid. If you would like elect to have transfers from a loan account, you authorize us to access your account and transfer funds to your checking account. The fee for overdraft transfers is set forth on the Fee Schedule. Transfers from a deposit account will be governed by this Agreement. Transfers from your line of credit account will be governed by the applicable loan agreement. Postdated and Staledated Items You authorize us to accept and pay any check, even if the check is presented for payment before its date, unless you notify the Credit Union of the postdating. Your notice will be effective only if the Credit Union receives the notice in time for the Credit Union to provide Overdraft Protection service for one time debit (everyday/point-of-sale) card purchase transactions notify its employees and ATM transactions (when available) reasonably act upon the notice and you must specifically notify us to do so (“opt-in”). This overdraft service is not a line of creditaccurately describe the check, it is not guaranteedincluding the number, date, and is independent of any other payment arrangement we may offer. We may, at our sole discretion, but are not obligated to, make payment on such overdrawn checks, transfers, and/or withdrawal requests in any order at our option or return the overdrawn checks, transfers, and/or withdrawal requests unpaid. Also, we may refuse to pay an overdraft for you at any time, even if we have previously paid overdrafts for you. Regardless, we are not liable for any action we take regarding payment or nonpayment of an overdrawn check, transfer, or withdrawal requests. If we choose to pay an overdrawn check, transfer, or withdrawal request, you will be subject to a fee(s) in the amount as set forth in the accompanying Fee Schedule for each transaction. In that event, you understand and agree that you are obligated to reimburse us and you are required to deposit with us sufficient good funds to cover the overdrawn check, transfer, or withdrawal request and pay the applicable fee(s). If we choose not to pay the overdrawn check, transfer, or withdrawal request, you are subject to the applicable fee(s) for each such item in the amount set forth in our Fee Schedule. We reserve the right to limit the number of overdrawn checks and the total dollar amount of overdrawn checks, transfers, and/or withdrawal request that may be paid under the Overdraft Protection Plan at any time. Generally, we will not pay an overdraft for you in excess of any limit we have established for your account type. Further, we do not guarantee payment of any overdrawn check, transfer, or withdrawal requestamount. You understand that if we permit payment of the exact information is necessary for the Credit Union's computer to identify the check. If you give the Credit Union an overdrawn checkincorrect, transferincomplete, or withdrawal requestuntimely notice, we the Credit Union will not be responsible for paying the item before the date stated and the Credit Union may charge your account as of the date the Credit Union pays the item. You may make an oral notice which will lapse within fourteen (14) days unless continued in writing, within that time. You also agree not to deposit checks, drafts, or other items before they are not required properly payable. The Credit Union is under no obligation to notify youyou to pay a check drawn on your account which is presented more than six (6) months after its date. In addition, we may discontinue the Overdraft Protection Plan at any time without prior notice.Stop Payment Orders