Overdraft Protection Through Linked Accounts Sample Clauses

Overdraft Protection Through Linked Accounts. This is an optional service you can add when you have both a Checking and Savings Account by linking your SoFi Checking Account and your SoFi Savings Account. If you opt to link the Accounts, we will use available funds in your SoFi Savings Account to pay Overdrafts in your SoFi Checking Account. SoFi will not charge a fee for such transfers. Please note that the funds applied to this overdraft protection feature will be limited to Savings Account deposits which are not allocated to a Vault. If you accept a SoFi Bank Pay in 4 loan but have insufficient funds in your SoFi Checking Account to complete any installment payment, SoFi Bank will use available funds in your SoFi Savings Account to pay the outstanding amount. Please refer to the SoFi Pay in 4 Terms and Conditions, which can be found on the SoFi Mobile App and on the SoFi website, for additional details.
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Related to Overdraft Protection Through Linked Accounts

  • Overdrafts The Trust is responsible for maintaining an appropriate level of short term cash investments to accommodate cash outflows. The Trust may obtain a formal line of credit for potential overdrafts of its custody account. In the event of an overdraft or in the event the line of credit is insufficient to cover an overdraft, the overdraft amount or the overdraft amount that exceeds the line of credit will be charged in accordance with the fee schedule set forth on Exhibit C hereto (as amended from time to time)

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