Overdraft Protection Plans. If we approve your request for overdraft protection, we will provide an overdraft protection plan for you.
Overdraft Protection Plans. If we approve your request for overdraft protection, we will provide an overdraft protection plan for you.
i. Transfers from Savings. We will honor checks and other items drawn on insufficient funds in your checking account by transferring the necessary funds from a savings account or other deposit account as you designate. If you have enough funds in your savings account, you authorize us to transfer funds in amounts necessary to cover the overdraft. If your savings account balance is insufficient to cover the overdraft amount, we will not make any transfer that overdraws your savings account. Unless another overdraft protection plan applies, we will return the check or item unpaid. There is an overdraft transfer fee for each overdraft transfer as set forth on the Rate and Fee Schedule. You may opt out of this overdraft transfer service at any time by notifying us verbally or in writing.
ii. Transfers from Line of Credit. We will honor checks and other items drawn on insufficient funds in your checking account by transferring the necessary funds from a Personal or Home Equity Line of Credit Account of yours, if applicable, unless you designate a different order. If you are within the credit limit of your line of credit account, you authorize us to transfer funds in amounts necessary to cover the overdraft. If your credit limit is insufficient to cover the overdraft amount, we will not transfer any amount. Unless another overdraft protection plan applies, we will return the check or item unpaid. There is no cash advance fee, but interest will begin to accrue from the date of any advance transfer. You may opt out of this overdraft transfer service at any time by notifying us verbally or in writing.
iii. Courtesy Pay Overdraft Protection Service. We offer a discretionary overdraft service (Courtesy Pay) to cover overdrafts on your checking accounts. The Credit Union offers the Courtesy Pay service to eligible consumer checking account owners who qualify. Courtesy Pay 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. The Courtesy Pay service is provided to qualified accounts automatically for checks; ACH and online transactions to all eligible consumer checking account owners. The Courtesy Pay service will be provided for ATM and debit card purchase transactions o...
Overdraft Protection Plans. Upon our receipt of the applicable Bank form, your checking account can be linked to one of the following: a checking account, savings account, money market account, Personal Reserve Account (PRA), Business Reserve Line (BRL), or a line of credit with us, (each a “linked account”) for the purpose of covering overdrafts that may occur on your checking account. If on any day your checking account does not have sufficient funds to cover items that are presented for payment, funds will be automatically transferred from the linked account to cover the overdraft. Funds will be transferred even if there are insufficient funds in the linked account to cover the amount of the overdraft in your checking account. A fee will be assessed for each automatic transfer to cover an overdraft in your checking account. Such fees shall be assessed to the covered checking account. Funds will be transferred from the linked account to the checking account and fees assessed regardless of the nature of the debit that created the overdraft in the checking account. Such debits may include checks, wire transfers, ACH withdrawals, debit card charges, and ATM withdrawals. Overdraft protection shall not limit right of setoff or recoupment. CUSTOMER’S DEATH OR INCOMPETENCE - You agree to notify us promptly if any person with a right to withdraw funds from your account(s) dies or becomes legally incompetent. We may continue to honor your checks, items, and instructions until: (a) we know of your death or incompetence, and
Overdraft Protection Plans. If you foresee the chance of overdrawing your Account and would like to avoid NSF Fees, you may wish to consider an overdraft protection plan. For more information on overdraft protection plans, eligibility and fees, please contact Bank of Hawaii at one of the telephone numbers listed in the subsection titled “How to Contact Us” in the section titled “General Account Information” in this Agreement. Overdraft Protection from Savings is a service that enables automatic transfers from your savings Account to your checking Account to cover a net negative balance in the checking Account at the end of the Business Day. Bankoh CoverCheck is an unsecured personal credit line that requires credit approval.
Overdraft Protection Plans. We offer several discretionary overdraft protection plans that permit transfers from a savings account or line of credit account to cover overdrafts. An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts for checks, automatic xxxx payments and recurring ACH transactions. Also, upon your request, we offer a Courtesy Pay overdraft protection service to pay overdrafts for ATM and debit card transactions as set forth in Section 14.c. We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined. Under our standard overdraft practices, we will charge you a fee as set forth on the Rate and Fee Schedule, each time we pay an overdraft. There is no limit on the total fees we can charge you for overdrawing your account.
Overdraft Protection Plans. If we have approved an overdraft protection plan for you, we will honor drafts or ACH debits drawn on insufficient funds in your account by transferring the necessary 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. The fee for overdraft transfers is set forth on the Fee Schedule. Transfers from an account will be governed by this Agreement. Transfers from a loan account will be governed by the applicable loan agreement. Transfers from an approved insufficient fund limit will be governed by this Agreement and the Overdraft Protection Plans Agreement.
Overdraft Protection Plans. If we approve your request for overdraft protection, we will provide you with a plan. i. Transfers from Line of Credit. We will honor checks and other items drawn on insufficient funds in your checking account by transferring the necessary funds from your designated line of credit account, if applicable. If you are within the credit limit of your line of credit account, you authorize us to transfer funds in amounts necessary to cover the overdraft. If your credit limit is insufficient to cover the overdraft, we will not transfer any amount. Unless another overdraft protection plan applies, we will return the check or item unpaid. There is no cash- advance fee, but interest will begin to accrue from the date of any advance transfer. You may decline (“opt-out”) this overdraft transfer service at any time by notifying us verbally or in writing. ii.
Overdraft Protection Plans. If you foresee the chance of overdrawing your Account and would like to avoid NSF Fees, you may wish to consider an overdraft protection plan. For more information on overdraft protection plans, eligibility and fees, please contact Bank of Hawaii at one of the telephone numbers listed in the subsection titled “How to Contact Us” in the section titled “General Account Information” in this Agreement.
Overdraft Protection Plans. If we approve your request for overdraft protection, we will provide an overdraft protection plan for you. Savings Overdraft Transfers. If we approve your request for Overdraft Protection, we will honor checks and other items drawn on insufficient funds in your checking account by transferring the funds from a savings account or other deposit account as you designate. If you have enough funds in your savings account, you authorize us to automatically transfer funds as necessary to cover any overdraft on your checking account. If your savings account balance is insufficient to cover the amount of the overdraft, we will only transfer the available funds to 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. There may be an overdraft transfer fee for each overdraft transfer made as provided on the Rate and Fee Schedule. You may opt out of this overdraft transfer service at any time by notifying us verbally or in writing.
Overdraft Protection Plans. In addition, we also offer additional overdraft protection plans that may cover an overdraft, such as a link to a checking, savings or money market account, or a line of credit which may be less expensive than our standard overdraft practices. To learn more, please ask us about these plans. In addition to the standard overdraft practices applying to your Account, we offer two additional services to our clients. Each provides a different level of protection when sufficient available funds are not available in your Account to meet your spending needs. To learn more, please ask us about these plans.
