Common use of Overdraft Tolerance Clause in Contracts

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.

Appears in 7 contracts

Samples: Consumer Agreements and Disclosures, Consumer Agreements and Disclosures, Consumer Agreements and Disclosures

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