Common use of OVERDRAFT TRANSFER Clause in Contracts

OVERDRAFT TRANSFER. When the cardholder signs up for overdraft transfer: a) he authorizes the financial institution where he holds a PC account to draw an overdraft cash advance on his card account to cover any transaction on this account when the balance available in the PC account is insufficient. The overdraft cash advance will correspond to the exact amount necessary to cover the transaction; b) subject to Section 16 d) of this Agreement, he undertakes that the PC account benefiting from the overdraft transfer will only require one signature; c) he agrees that Desjardins may reserve on his card, for a period that may range from 5 to 7 business days, the amounts necessary to cover the funds withheld from one of the accounts in the cardholder’s folio and that the available credit limit will be adjusted accordingly; d) he agrees, if the PC account benefiting from the overdraft transfer is a joint account or a proxy account, that the overdraft transfer may allow the person with whom he holds this account or a proxy, as the case may be, to effect a transaction which triggers an overdraft cash advance, even if this person is not a joint holder of the card with the cardholder; e) he understands and agrees that the amounts reserved on his card to honour a transaction in process will be released and applied to the said transaction, even after the suppression or withdrawal of the overdraft transfer.

OVERDRAFT TRANSFER. When the cardholder signs up for overdraft transfer: a) he authorizes the financial institution where he holds a PC account to draw an overdraft cash advance on his card Visa Desjardins account to cover any transaction on this account when the balance available in the PC account is insufficient. The overdraft cash advance will correspond to the exact amount necessary to cover the transaction; b) subject to Section 16 d) of this Agreement, he undertakes that the PC account benefiting from the overdraft transfer will only require one signature; c) he agrees that Desjardins may reserve on his Visa Desjardins card, for a period that may range from 5 to 7 business days, the amounts necessary to cover the funds withheld from one of the accounts in the cardholder’s folio and that the available credit limit will be adjusted accordingly; d) he agrees, if the PC account benefiting from the overdraft transfer is a joint account or a proxy account, that the overdraft transfer may allow the person with whom he holds this account or a proxy, as the case may be, to effect a transaction which triggers an overdraft cash advance, even if this person is not a joint holder of the Visa Desjardins card with the cardholder; e) he understands and agrees that the amounts reserved on his Visa Desjardins card to honour a transaction in process will be released and applied to the said transaction, even after the suppression or withdrawal of the overdraft transfer.

OVERDRAFT TRANSFER. When the cardholder signs up for overdraft transfer: a) he authorizes the financial institution Desjardins xxxxxx where he holds a PC account to draw an overdraft cash advance on his card account so as to cover any transaction on this account when the balance available in the PC account is insufficient. The overdraft cash advance will shall correspond to the exact amount necessary to cover the transaction; b) subject to Section 16 d) of this Agreement, he undertakes that the PC account benefiting from the overdraft transfer will only require requires one signature; c) he agrees accepts that Desjardins may reserve on his card, for a period that may range from 5 to 7 business days, the amounts necessary to cover the funds withheld from one of the accounts in the cardholder’s folio and that the available credit limit will be adjusted affected accordingly; d) he agreesaccepts, if the PC account benefiting from the overdraft transfer is a joint account or a proxy account, that the overdraft transfer may allow the person with whom he holds this account or a proxy, as the case may be, to effect a transaction which triggers an overdraft cash advance, even if this person is not a joint holder co-applicant of the card with the cardholder; e) he understands and agrees accepts that the amounts reserved on his card to honour a transaction in process will be released and applied to the said transaction, even after the suppression or withdrawal of the overdraft transfer.

OVERDRAFT TRANSFER. When the cardholder signs up for overdraft transfer: a) he authorizes the financial institution where he holds a PC account to draw an overdraft cash advance on his card account to cover any transaction on this account when the balance available in the PC account is insufficient. The overdraft cash advance will correspond to the exact amount necessary to cover the transaction; b) subject to Section 16 d) of this Agreement, he undertakes that the PC account benefiting from the overdraft transfer will only require one signature; c) he agrees that Desjardins Xxxxxxxxxx may reserve on his card, for a period that may range from 5 to 7 business days, the amounts necessary to cover the funds withheld from one of the accounts in the cardholder’s folio and that the available credit limit will be adjusted accordingly; d) he agrees, if the PC account benefiting from the overdraft transfer is a joint account or a proxy account, that the overdraft transfer may allow the person with whom he holds this account or a proxy, as the case may be, to effect a transaction which triggers an overdraft cash advance, even if this person is not a joint holder of the card with the cardholder; e) he understands and agrees that the amounts reserved on his card to honour a transaction in process will be released and applied to the said transaction, even after the suppression or withdrawal of the overdraft transfer.

OVERDRAFT TRANSFER. When the cardholder signs up for overdraft transfer: a) he authorizes the financial institution where he holds a PC account to draw an overdraft cash advance on his card Visa Desjardins account to cover any transaction on this account when the balance available in the PC account is insufficient. The overdraft cash advance will correspond to the exact amount necessary to cover the transaction; b) subject to Section 16 d) of this Agreement, he undertakes that the PC account benefiting from the overdraft transfer will only require one signature; c) he agrees that Desjardins the Federation may reserve on his Visa Desjardins card, for a period that may range from 5 to 7 business days, the amounts necessary to cover the funds withheld from one of the accounts in the cardholder’s folio and that the available credit limit will be adjusted accordingly; d) he agrees, if the PC account benefiting from the overdraft transfer is a joint account or a proxy account, that the overdraft transfer may allow the person with whom he holds this account or a proxy, as the case may be, to effect a transaction which triggers an overdraft cash advance, even if this person is not a joint holder of the Visa Desjardins card with the cardholder; e) he understands and agrees that the amounts reserved on his Visa Desjardins card to honour a transaction in process will be released and applied to the said transaction, even after the suppression or withdrawal of the overdraft transfer.

OVERDRAFT TRANSFER. When the cardholder signs up for overdraft transfer: a) he authorizes the financial institution where he holds a PC account to draw an overdraft cash advance on his card account to cover any transaction on this account when the balance available in the PC account is insufficient. The overdraft cash advance will correspond to the exact amount necessary to cover the transaction; b) subject to Section 16 d) of this Agreement, he undertakes that the PC account benefiting from the overdraft transfer will only require one signature; c) he agrees that Desjardins the Federation may reserve on his card, for a period that may range from 5 to 7 business days, the amounts necessary to cover the funds withheld from one of the accounts in the cardholder’s folio and that the available credit limit will be adjusted accordingly; d) he agrees, if the PC account benefiting from the overdraft transfer is a joint account or a proxy account, that the overdraft transfer may allow the person with whom he holds this account or a proxy, as the case may be, to effect a transaction which triggers an overdraft cash advance, even if this person is not a joint holder of the card with the cardholder; e) he understands and agrees that the amounts reserved on his card to honour a transaction in process will be released and applied to the said transaction, even after the suppression or withdrawal of the overdraft transfer.

OVERDRAFT TRANSFER. When the cardholder signs up for overdraft transfer: a) he authorizes the financial institution Desjardins xxxxxx where he holds a PC account to draw an overdraft cash advance on his card Visa Desjardins account so as to cover any transaction on this account when the balance available in the PC account is insufficient. The overdraft cash advance will shall correspond to the exact amount necessary to cover the transaction; b) subject to Section 16 d) of this Agreement, he undertakes that the PC account benefiting from the overdraft transfer will only require requires one signature; c) he agrees accepts that Desjardins may reserve on his Visa Desjardins card, for a period that may range from 5 to 7 business days, the amounts necessary to cover the funds withheld from one of the accounts in the cardholder’s folio and that the available credit limit will be adjusted affected accordingly; d) he agreesaccepts, if the PC account benefiting from the overdraft transfer is a joint account or a proxy account, that the overdraft transfer may allow the person with whom he holds this account or a proxy, as the case may be, to effect a transaction which triggers an overdraft cash advance, even if this person is not a joint holder co-applicant of the Visa Desjardins card with the cardholder; e) he understands and agrees accepts that the amounts reserved on his Visa Desjardins card to honour a transaction in process will be released and applied to the said transaction, even after the suppression or withdrawal of the overdraft transfer.

OVERDRAFT TRANSFER. When the cardholder signs up for overdraft transfer: a) he authorizes the financial institution where he holds a PC account to draw an overdraft cash advance on his card Visa Desjardins account to cover any transaction on this account when the balance available in the PC account is insufficient. The overdraft cash advance will correspond to the exact amount necessary to cover the transaction; b) subject to Section 16 d) of this Agreement, he undertakes that the PC account benefiting from the overdraft transfer will only require one signature; c) he agrees that Desjardins may reserve on his Visa Desjardins card, for a period that may range from 5 to 7 business days, the amounts necessary to cover the funds withheld from one of the accounts in the cardholder’s folio and that the available credit limit will be adjusted accordingly; d) he agrees, if the PC account benefiting from the overdraft transfer is a joint account or a proxy account, that the overdraft transfer may allow the person with whom he holds this account or a proxy, as the case may be, to effect a transaction which triggers an overdraft cash advance, even if this person is not a joint holder of the Visa Xxxxxxxxxx card with the cardholder; e) he understands and agrees that the amounts reserved on his Visa Xxxxxxxxxx card to honour a transaction in process will be released and applied to the said transaction, even after the suppression or withdrawal of the overdraft transfer.

OVERDRAFT TRANSFER. When the cardholder signs up for overdraft transfer: a) he authorizes the financial institution where he holds a PC account to draw an overdraft cash advance on his card Visa Desjardins account to cover any transaction on this account when the balance available in the PC account is insufficient. The overdraft cash advance will correspond to the exact amount necessary to cover the transaction; b) subject to Section 16 d) of this Agreement, he undertakes that the PC account benefiting from the overdraft transfer will only require one signature; c) he agrees that Desjardins may reserve on his Visa Xxxxxxxxxx card, for a period that may range from 5 to 7 business days, the amounts necessary to cover the funds withheld from one of the accounts in the cardholder’s folio and that the available credit limit will be adjusted accordingly; d) he agrees, if the PC account benefiting from the overdraft transfer is a joint account or a proxy account, that the overdraft transfer may allow the person with whom he holds this account or a proxy, as the case may be, to effect a transaction which triggers an overdraft cash advance, even if this person is not a joint holder of the Visa Xxxxxxxxxx card with the cardholder; e) he understands and agrees that the amounts reserved on his Visa Xxxxxxxxxx card to honour a transaction in process will be released and applied to the said transaction, even after the suppression or withdrawal of the overdraft transfer.

OVERDRAFT TRANSFER. When the cardholder signs up for overdraft transfer: a) he authorizes the financial institution Desjardins xxxxxx where he holds a PC account to draw an overdraft cash advance on his card account so as to cover any transaction on this account when the balance available in the PC account is insufficient. The overdraft cash advance will shall correspond to the exact amount necessary to cover the transaction; b) subject to Section 16 d) of this Agreement, he undertakes that the PC account benefiting from the overdraft transfer will only require requires one signature; c) he agrees accepts that Desjardins may reserve on his card, for a period that may range from 5 to 7 business days, the amounts necessary to cover the funds withheld from one of the accounts in the cardholder’s folio and that the available credit limit will be adjusted affected accordingly; d) he agreesaccepts, if the PC account benefiting from the overdraft transfer is a joint account or a proxy account, that the overdraft transfer may allow the person with whom he holds this account or a proxy, as the case may be, to effect a transaction which triggers an overdraft cash advance, even if this person is not a joint holder co-applicant of the card with the cardholder; e) he understands and agrees accepts that the amounts reserved on his card to honour a transaction in process will be released and applied to the said transaction, even after the suppression or withdrawal of the overdraft transfer.transfer.‌‌‌‌‌‌‌‌

OVERDRAFT TRANSFER. When the cardholder signs up for overdraft transfer: a) he authorizes the financial institution Desjardins xxxxxx where he holds a PC account to draw an overdraft cash advance on his card account so as to cover any transaction on this account when the balance available in the PC account is insufficient. The overdraft cash advance will shall correspond to the exact amount necessary to cover the transaction; b) subject to Section 16 d) of this Agreement, he undertakes that the PC account benefiting from the overdraft transfer will only require requires one signature; ; c) he agrees accepts that Desjardins the Federation may reserve on his card, for a period that may range from 5 to 7 business days, the amounts necessary to cover the funds withheld from one of the accounts in the cardholder’s folio and that the available credit limit will be adjusted affected accordingly; d) he agreesaccepts, if the PC account benefiting from the overdraft transfer is a joint account or a proxy account, that the overdraft transfer may allow the person with whom he holds this account or a proxy, as the case may be, to effect a transaction which triggers an overdraft cash advance, even if this person is not a joint holder co-applicant of the card with the cardholder; e) he understands and agrees accepts that the amounts reserved on his card to honour a transaction in process will be released and applied to the said transaction, even after the suppression or withdrawal of the overdraft transfer.

OVERDRAFT TRANSFER. When the cardholder signs up for overdraft transfer: a) he authorizes the financial institution Xxxxxxxxxx xxxxxx where he holds a PC account to draw an overdraft cash advance on his card Visa Xxxxxxxxxx account so as to cover any transaction on this account when the balance available in the PC account is insufficient. The overdraft cash advance will shall correspond to the exact amount necessary to cover the transaction; b) subject to Section 16 d) of this Agreement, he undertakes that the PC account benefiting from the overdraft transfer will only require requires one signature; c) he agrees signature;he accepts that Desjardins Xxxxxxxxxx may reserve on his Visa Xxxxxxxxxx card, for a period that may range from 5 to 7 business days, the amounts necessary to cover the funds withheld from one of the accounts in the cardholder’s folio and that the available credit limit will be adjusted affected accordingly; dc) he agreesaccepts, if the PC account benefiting from the overdraft transfer is a joint account or a proxy account, that the overdraft transfer may allow the person with whom he holds this account or a proxy, as the case may be, to effect a transaction which triggers an overdraft cash advance, even if this person is not a joint holder co-applicant of the Visa Xxxxxxxxxx card with the cardholder; ed) he understands and agrees accepts that the amounts reserved on his Visa Xxxxxxxxxx card to honour a transaction in process will be released and applied to the said transaction, even after the suppression or withdrawal of the overdraft transfer.