Common use of Overdrawing Your Account Clause in Contracts

Overdrawing Your Account. In the event of insufficient funds to pay all of your items or permit one or more transactions, we may return one or more of your items and/or not allow one or more of the requested transactions, or, in our sole discretion, we may create an overdraft by paying some or all of them. Regardless of the option we choose, we will charge you a fee (or fees) pursuant to the fee schedule in effect at the time of your request. A current Fee Schedule is located in the supplement to this Agreement. An overdraft fee may be assessed when your account is in overdrawn status after transactions post at the end of the day. A returned item fee may be assessed when a check or item is returned unpaid due to insufficient/unavailable funds in your account. Overdraft fees and returned item fees, in any combination, will not be assessed more than four (4) times per day. An overdraft fee may also be charged whenever a transaction, including a service fee or charge, is deducted from your Account and either causes your Account to be overdrawn or increases the amount by which your account is overdrawn. Our payment of any items or allowance of transactions that create overdrafts in no way obligates us to continue that practice at a later time. We may discontinue permitting overdrafts without cause or notice to you. We discourage the practice of overdrawing Accounts.

Overdrawing Your Account. In the event of insufficient funds to pay all of your items or permit one or more transactions, we may return one or more of your items and/or not allow one or more of the requested transactions, or, in our sole discretion, we may create an overdraft by paying some or all of them. Regardless of the option we choose, we will charge you a fee (or fees) pursuant to the fee schedule in effect at the time of your request. A current Fee Schedule is located in the Truth-In- Savings Statement supplement to this Agreement. An overdraft fee may be assessed when your account is in overdrawn status after transactions post at the end of the day. A returned item fee may be assessed when a check or item is returned unpaid due to insufficient/unavailable funds in your account. Overdraft fees and returned item fees, in any combination, will not be assessed more than four (4) times per day. An overdraft fee may also be charged whenever a transaction, including a service fee or charge, is deducted from your Account and either causes your Account to be overdrawn or increases the amount by which your account is overdrawn. Our payment of any items or allowance of transactions that create overdrafts in no way obligates us to continue that practice at a later time. We may discontinue permitting overdrafts without cause or notice to you. We discourage the practice of overdrawing Accounts.