Common use of Overdraft Protection Plans Clause in Contracts

Overdraft Protection Plans. You may choose to apply for an Overdraft Protection Plan in connection with any checking or money market account. The Overdraft Protection Plan may be used to resolve a negative available balance in your account by automatically authorizing a transfer of funds to your account from one or more companion checking, money market, or savings accounts or an Execuline home equity line of credit or unsecured line of credit loan account owned by you and held at Capitol Federal®. Under an Overdraft Protection Plan, overdrafts in your account will be aggregated throughout the day and one or more Overdraft Protection Plan transfers will be made to your account during Capitol Federal’s nightly processing period. When you link one or more companion accounts to your account, you will specify the order in which your accounts will be accessed for Overdraft Protection Plan transfers. If the available balance in your first linked companion account is not sufficient to resolve the negative available balance, funds will be drawn from next linked companion account(s) until the negative available balance is cured or there are no additional accounts available from which Overdraft Protection Plan transfers can be made. You will be charged a fee for each transfer from a companion checking, money market or savings account, as set forth on the separate service charge schedule(s) that applies to the account from which the transfer is made. You will not be charged a fee for a transfer from an Execuline home equity line of credit or unsecured line of credit loan account. Fees from Overdraft Protection Plan transfers usually will be less than the fees charged in connection with the Standard Overdraft Services or our commercial overdraft review. We are not required to notify you and will not be liable to you if an Overdraft Protection Plan transfer cannot be made (for example, if there is a merchant or internal hold on the companion account). We do not limit the number of Overdraft Protection Plan transfers that can be made to your Account from your companion deposit or loan account(s); however, no Overdraft Protection Plan transfer may exceed the available balance in any companion deposit account or the credit limit for any companion loan account. If there are not enough funds available in your companion account(s) to cover the full amount of any Overdraft Protection Plan transfer, any overdraft remaining in your Account following the Overdraft Protection Plan transfer will be reviewed under our Standard Overdraft Services or Commercial Overdraft Services, as applicable. In addition to the Overdraft Protection Plan transfer fee, you will be charged an overdraft fee for any item we authorize or pay or, if applicable to your account, an NSF fee for any item we return unpaid. To avoid these additional fees, you should monitor your accounts and transfer funds before an overdraft occurs. Overdraft Protection Plan transfers from an Execuline home equity line of credit loan or unsecured line of credit loan are considered advances and the amount advanced is subject to interest, finance charges, and fees as provided in your applicable line of credit loan agreement. See your line of credit loan agreement(s) for applicable rates. This Overdraft Protection Plan Agreement does not alter the terms of your line of credit loan agreement(s). You may contact us at any branch or our customer service center at 1-888-8CAPFED (0-000-000-0000) to apply for an Overdraft Protection Plan. The Overdraft Protection Plan must be accepted by us before an overdraft occurs in order for it to be used to automatically cover an overdraft. You should compare fees and your options for overdrafts by reviewing the separate service charge schedule(s) for your account. To learn more, visit our Overdraft Management Options page at xxx.xxxxxx.xxx.

Overdraft Protection Plans. You may choose to apply If we approve your request for overdraft protection, we will provide an Overdraft Protection Plan in connection with any checking or money market accountoverdraft protection plan for you. The Overdraft Protection Plan may be used to resolve a negative available balance (i) Transfers from Savings. We will honor checks and other items drawn on insufficient funds in your checking account by automatically authorizing transferring the necessary funds from a transfer of savings account or other deposit account as you designate. If you have enough funds to your account from one or more companion checking, money market, or savings accounts or an Execuline home equity line of credit or unsecured line of credit loan account owned by you and held at Capitol Federal®. Under an Overdraft Protection Plan, overdrafts in your account will be aggregated throughout the day and one or more Overdraft Protection Plan transfers will be made to your account during Capitol Federal’s nightly processing period. When you link one or more companion accounts to your savings account, you will specify authorize us to transfer funds in amounts necessary to cover the order in which your accounts will be accessed for Overdraft Protection Plan transfersoverdraft. If the available balance in your first linked companion savings account is not sufficient to resolve the negative available balance, funds will be drawn from next linked companion account(s) until the negative available balance is cured 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 there are no additional accounts available from which Overdraft Protection Plan transfers can be madeitem unpaid. You will be charged a There is an overdraft transfer fee for each overdraft transfer from a companion checking, money market or savings account, as set forth on the separate service charge schedule(s) that applies to the account from which the transfer is madeRate and Fee Schedule. You may opt out of this overdraft transfer service at any time by notifying us verbally or in writing. Transfers from a savings account will not be charged governed by this Agreement. (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 fee for a transfer from an Execuline home equity line of credit account or unsecured VISA line of credit loan account. Fees from Overdraft Protection Plan transfers usually will be less than the fees charged in connection with the Standard Overdraft Services or our commercial overdraft review. We are not required to notify you and will not be liable to you if an Overdraft Protection Plan transfer cannot be made (for exampleof yours, if there is applicable, unless you designate a merchant or internal hold on the companion account)different order. We do not limit the number of Overdraft Protection Plan transfers that can be made to your Account from your companion deposit or loan account(s); however, no Overdraft Protection Plan transfer may exceed the available balance in any companion deposit account or If you are within the credit limit for any companion loan account. If there are not enough funds available in your companion account(s) to cover the full amount of any Overdraft Protection Plan transfer, any overdraft remaining in your Account following the Overdraft Protection Plan transfer will be reviewed under our Standard Overdraft Services or Commercial Overdraft Services, as applicable. In addition to the Overdraft Protection Plan transfer fee, you will be charged an overdraft fee for any item we authorize or pay or, if applicable to your account, an NSF fee for any item we return unpaid. To avoid these additional fees, you should monitor your accounts and transfer funds before an overdraft occurs. Overdraft Protection Plan transfers from an Execuline home equity line of credit loan or unsecured line of credit loan are considered advances and the amount advanced is subject to interest, finance charges, and fees as provided in your applicable line of credit loan agreement. See your line of credit loan agreement(s) for applicable rates. This Overdraft Protection Plan Agreement does not alter the terms of your line of credit loan agreement(s)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 contact us opt out of this overdraft transfer service at any branch time by notifying us verbally or our customer service center at 1-888-8CAPFED (0-000-000-0000) to apply for an Overdraft Protection Planin writing. The Overdraft Protection Plan must be accepted by us before Your Loan Agreement will govern transfers form an overdraft occurs in order for it to be used to automatically cover an overdraft. You should compare fees and your options for overdrafts by reviewing the separate service charge schedule(s) for your line of credit account. To learn more, visit our Overdraft Management Options page at xxx.xxxxxx.xxx.

Overdraft Protection Plans. You may choose to apply If we approve your request for overdraft protection, we will provide an Overdraft Protection Plan in connection with any checking or money market accountoverdraft protection plan for you. The Overdraft Protection Plan may be used to resolve a negative available balance (i) Transfers from Savings. We will honor checks and other items drawn on insufficient funds in your checking account by automatically authorizing transferring the necessary funds from a transfer of savings account or other deposit account as you designate. If you have enough funds to your account from one or more companion checking, money market, or savings accounts or an Execuline home equity line of credit or unsecured line of credit loan account owned by you and held at Capitol Federal®. Under an Overdraft Protection Plan, overdrafts in your account will be aggregated throughout the day and one or more Overdraft Protection Plan transfers will be made to your account during Capitol Federal’s nightly processing period. When you link one or more companion accounts to your savings account, you will specify authorize us to transfer funds in amounts necessary to cover the order in which your accounts will be accessed for Overdraft Protection Plan transfersoverdraft. If the available balance in your first linked companion savings account is not sufficient to resolve the negative available balance, funds will be drawn from next linked companion account(s) until the negative available balance is cured 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 there are no additional accounts available from which Overdraft Protection Plan transfers can be madeitem unpaid. You will be charged a There is an overdraft transfer fee for each overdraft transfer from a companion checking, money market or savings account, as set forth on the separate service charge schedule(s) that applies to the account from which the transfer is madeRate and Fee Schedule. You may opt out of this overdraft transfer service at any time by notifying us verbally or in writing. Transfers from a savings account will not be charged governed by this Agreement. (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 fee for a transfer from an Execuline home equity line of credit account or unsecured VISA line of credit loan account. Fees from Overdraft Protection Plan transfers usually will be less than the fees charged in connection with the Standard Overdraft Services or our commercial overdraft review. We are not required to notify you and will not be liable to you if an Overdraft Protection Plan transfer cannot be made (for exampleof yours, if there is applicable, unless you designate a merchant or internal hold on the companion account)different order. We do not limit the number of Overdraft Protection Plan transfers that can be made to your Account from your companion deposit or loan account(s); however, no Overdraft Protection Plan transfer may exceed the available balance in any companion deposit account or If you are within the credit limit for any companion loan account. If there are not enough funds available in your companion account(s) to cover the full amount of any Overdraft Protection Plan transfer, any overdraft remaining in your Account following the Overdraft Protection Plan transfer will be reviewed under our Standard Overdraft Services or Commercial Overdraft Services, as applicable. In addition to the Overdraft Protection Plan transfer fee, you will be charged an overdraft fee for any item we authorize or pay or, if applicable to your account, an NSF fee for any item we return unpaid. To avoid these additional fees, you should monitor your accounts and transfer funds before an overdraft occurs. Overdraft Protection Plan transfers from an Execuline home equity line of credit loan or unsecured line of credit loan are considered advances and the amount advanced is subject to interest, finance charges, and fees as provided in your applicable line of credit loan agreement. See your line of credit loan agreement(s) for applicable rates. This Overdraft Protection Plan Agreement does not alter the terms of your line of credit loan agreement(s)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 contact us opt out of this overdraft transfer service at any branch time by notifying us verbally or our customer service center at 1-888-8CAPFED (0-000-000-0000) to apply for an Overdraft Protection Planin writing. The Overdraft Protection Plan must be accepted by us before Your Loan Agreement will govern transfers from an overdraft occurs in order for it to be used to automatically cover an overdraft. You should compare fees and your options for overdrafts by reviewing the separate service charge schedule(s) for your line of credit account. To learn more, visit our Overdraft Management Options page at xxx.xxxxxx.xxx.