Common use of Overdraft Protection Plan Clause in Contracts

Overdraft Protection Plan. If we have approved an overdraft protection plan for your account, we will honor drafts drawn on insufficient funds by transferring funds from another account under this Agreement or a loan account, as you have directed, or as required under the Credit Union’s overdraft protection policy. Any signer on the account may add or revoke consent for an overdraft protection plan. Funds from share or Money Market Accounts will be transferred in increments of $25 up to the available balance in the account. The fee for overdraft transfers, if any, is set forth on the Fee Schedule. This Agreement governs all transfers, except those governed by agreements for loan accounts, including credit cards in which all terms of the Credit Card Application and Solicitation Disclosure apply. If you link your Westerra credit card to your checking account to cover overdrafts, cash advances will be made from your credit card to cover the transaction, without exceeding the credit limit on your credit card, and you will be charged a cash advance fee, as set forth on the Credit Card Application and Solicitation Disclosure and Fee Schedule. For debit card transactions, the amount needed to cover the transaction is transferred, up to your credit limit on the credit card, for a cash advance fee. For all other methods of payment, transfers are made in the nearest increment of $25, up to your credit limit on the credit card, for a cash advance fee. This means you will be charged interest immediately on the amount charged to the credit card at the interest rate (or APR) for cash advances. When you submit a request to link your accounts, Westerra may reach out to you to confirm your request.

Appears in 3 contracts

Samples: Business Membership and Account Agreement, Business Membership and Account Agreement, Business Membership and Account Agreement

AutoNDA by SimpleDocs

Overdraft Protection Plan. If we have approved an overdraft protection plan for your account, we will honor drafts drawn on insufficient funds by transferring funds from another account under this Agreement or a loan account, as you have directed, or as required under the Credit Union’s overdraft protection policy. Any signer on the account may add or revoke consent for an overdraft protection plan. Funds from share or Money Market Accounts will be transferred in increments of $25 up to the available balance in the account. The fee for overdraft transfers, if any, is set forth on the Fee Schedule. This Agreement governs all transfers, except those governed by agreements for loan accounts, including credit cards cards, in which all terms of the Credit Card Application and Solicitation Disclosure apply. If you link your Westerra credit card to your checking account to cover overdrafts, cash advances will be made from your credit card to cover the transaction, without exceeding the credit limit on your credit card, and you will be charged a cash advance fee, as set forth on the Credit Card Application and Solicitation Disclosure and Fee Schedule. For debit card transactions, the amount needed to cover the transaction is transferred, up to your credit limit on the credit card, for a cash advance fee. For all other methods of payment, transfers are made in the nearest increment of $25, up to your credit limit on the credit card, for a cash advance fee. This means you will be charged interest immediately on the amount charged to the credit card at the interest rate (or APR) for cash advances. When you submit a request to link your accounts, Westerra may reach out to you to confirm your request.

Appears in 2 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement

Overdraft Protection Plan. If we have approved an overdraft protection plan for your account, we will honor drafts drawn on insufficient funds by transferring funds from another account under this Agreement or a loan account, as you have directed, or as required under the Credit Union’s overdraft protection policy. Any signer on the account may add or revoke consent for an overdraft protection plan. Funds from share shares or Money Market Accounts will be transferred in increments of $25 up to the available balance in the account. The fee for overdraft transfers, if any, is set forth on the Service Charge and Fee Schedule. This Agreement governs all transfers, except those governed by agreements for loan accounts, including credit cards cards, in which all terms of the Credit Card Application and Solicitation Disclosure apply. If you link your Westerra credit card to your checking account to cover overdrafts, cash advances will be made from your credit card to cover the transaction, without exceeding the credit limit on your credit card, and you will be charged a cash advance fee, as set forth on the Credit Card Application and Solicitation Disclosure and Service Charge and Fee Schedule. For debit card transactions, the amount needed to cover the transaction is transferred, up to your credit limit on the credit card, for a cash advance fee. For all other methods of payment, transfers are made in the nearest increment of $25, up to your credit limit on the credit card, for a cash advance fee. This means you will be charged interest immediately on the amount charged to the credit card at the interest rate (or APR) for cash advances. When you submit a request to link your accounts, Westerra may reach out to you to confirm your request.

Appears in 1 contract

Samples: Membership and Account Agreement

AutoNDA by SimpleDocs

Overdraft Protection Plan. If we have approved an overdraft protection plan for your account, we will honor drafts drawn on insufficient funds by transferring funds from another account under this Agreement or a loan account, as you have directed, or as required under the Credit Union’s overdraft protection policy. Any signer on the account may add or revoke consent for an overdraft protection plan. Funds from share shares or Money Market Accounts will be transferred in increments of $25 up to the available balance in the account. The fee for overdraft transfers, if any, is set forth on the Fee Schedule. This Agreement governs all transfers, except those governed by agreements for loan accounts, including credit cards cards, in which all terms of the Credit Card Application and Solicitation Disclosure apply. If you link your Westerra credit card to your checking account to cover overdrafts, cash advances will be made from your credit card to cover the transaction, without exceeding the credit limit on your credit card, and you will be charged a cash advance fee, as set forth on the Credit Card Application and Solicitation Disclosure and Fee Schedule. For debit card transactions, the amount needed to cover the transaction is transferred, up to your credit limit on the credit card, for a cash advance fee. For all other methods of payment, transfers are made in the nearest increment of $25, up to your credit limit on the credit card, for a cash advance fee. This means you will be charged interest immediately on the amount charged to the credit card at the interest rate (or APR) for cash advances. When you submit a request to link your accounts, Westerra may reach out to you to confirm your request.

Appears in 1 contract

Samples: Membership and Account Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!