Overdraft Tolerance Sample Clauses
The Overdraft Tolerance clause sets a permissible limit for how much an account can be overdrawn without immediate penalty or corrective action. In practice, this means that if an account holder's balance falls below zero, they are allowed to exceed their available funds up to a specified amount before fees or other consequences are triggered. This clause provides flexibility for account holders to manage short-term cash flow issues and helps prevent minor overdrafts from resulting in immediate financial penalties.
Overdraft Tolerance. In accordance with our commitment to provide valued service and benefits, we may, if you qualify, at our discretion, pay overdrafts that would cause your eligible checking account to have a negative balance up to the amount of your limit, which is determined by us in our sole and absolute discretion. Overdraft Tolerance is different than the Overdraft Transfer Service. Overdraft Tolerance is a backup to the Overdraft Transfer Service and will only be activated if funds are not available from the Overdraft Transfer Service.