Common use of Overdraft Tolerance Fees Clause in Contracts

Overdraft Tolerance Fees. A Overdraft Tolerance Fee will be charged to your checking account, in accordance with our Fee Schedule, for each overdraft that is authorized and paid through the Service. This means that more than one Overdraft Tolerance Fee may be assessed against your checking account per day depending upon the number of overdrafts authorized and paid through Overdraft Tolerance. You understand that your Overdraft Tolerance Limit will be reduced by the amount of each overdraft paid by us through Overdraft Tolerance and the amount of the related Overdraft Tolerance Fee imposed until such amounts are repaid by you as set forth herein at which time we may replenish your Overdraft Tolerance Limit by the amount of the repayment. If we choose not to pay the item/transaction under Overdraft Tolerance, you are subject to a Non-Sufficient Funds (NSF) Fee in accordance with our Fee Schedule for each such item each time it is presented for payment and returned unpaid due to an insufficient available balance. Your periodic statement will itemize Overdraft Tolerance Fees and NSF Fees for each cycle, as well as the year-to-date total of fees.

Overdraft Tolerance Fees. A An Overdraft Tolerance Fee will be charged to your checking account, in accordance with our Fee Schedule, for each overdraft that is authorized and paid through the Service. This means that more than one Overdraft Tolerance Fee may be assessed against your checking account per day depending upon the number of overdrafts authorized and paid through Overdraft Tolerance. You understand that your Overdraft Tolerance Limit will be reduced by the amount of each overdraft paid by us through Overdraft Tolerance and the amount of the related Overdraft Tolerance Fee imposed until such amounts are repaid by you as set forth herein at which time we may replenish your Overdraft Tolerance Limit by the amount of the repayment. If we choose not to pay the item/transaction under Overdraft Tolerance, you are subject to a Non-Sufficient Funds (NSF) Fee in accordance with our Fee Schedule for each such item each time it is presented for payment and returned unpaid due to an insufficient available balance. Your periodic statement will itemize Overdraft Tolerance Fees and NSF Fees for each cycle, as well as the year-to-date total of fees.