Common use of OVERDRAFT PROTECTION Clause in Contracts

OVERDRAFT PROTECTION. If we approve overdraft protection, you may access your line of credit account by overdrawing your checking account. We willtreat any overdraft item as a request for a loan advance on your line of credit. Overdraft transfers will be made in amounts sufficient to cover the overdrawn item. You understand that any owner on your checking account may obligate you to repay overdraft advances by overdrawing the checking account.

Appears in 24 contracts

Samples: Visa Classic Credit Card Agreement, Visa Platinum Credit Card Agreement, Visa Platinum Credit Card Agreement

AutoNDA by SimpleDocs

OVERDRAFT PROTECTION. If we approve overdraft protection, you may access your line of credit account by overdrawing your checking account. We willtreat will treat any overdraft item as a request for a loan advance on your line of credit. Overdraft transfers will be made in amounts sufficient to cover the overdrawn item. You understand that any owner on your checking account may obligate you to repay overdraft advances by overdrawing the checking account.

Appears in 16 contracts

Samples: Visa Student Silver Credit Card Agreement, Visa Platinum Credit Card Agreement, Visa Student Silver Credit Card Agreement

AutoNDA by SimpleDocs

OVERDRAFT PROTECTION. If we approve overdraft protection, you may access your line of credit account by overdrawing your checking account. We willtreat will treat any overdraft item as a request for a loan advance on your line of creditcredit account. Overdraft transfers will be made in amounts sufficient to cover the overdrawn item. You understand that any owner on your checking account may obligate you to repay overdraft advances by overdrawing the checking account.

Appears in 16 contracts

Samples: Business Credit Card Agreement, Business Credit Card Agreement, Business Credit Card Agreement

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