Overdrawn Checking Account Clause Samples
The Overdrawn Checking Account clause defines the procedures and consequences when a checking account balance falls below zero. Typically, this clause outlines the bank's right to charge overdraft fees, the process for covering the negative balance (such as automatic transfers from linked accounts), and any limits on the amount that can be overdrawn. Its core practical function is to set clear expectations for both the account holder and the bank, helping to manage financial risk and prevent misunderstandings regarding negative balances.
Overdrawn Checking Account. You will make a cash advance from my Line of Credit Account, if any, or withdraw funds from my Share Account or make a withdrawal from other accounts on which I am a joint owner.
Overdrawn Checking Account. Withdraw funds from your Savings account or make a cash advance from your Line of Credit or HELOC, if any, or make a withdrawal from your other accounts, including accounts on which you are a joint owner.
Overdrawn Checking Account. We will make a cash advance from your Line of Credit, if any, or withdraw funds from your share account or make a withdrawal from other accounts on which you are a joint owner. Overdrafts which cannot be honored are payable on demand and may result in termination of your account(s).
1. YOU MUST KEEP YOUR CARD IN A SAFE PLACE AND PERMIT NO UNAUTHORIZED PERSON TO USE IT;
2. YOU MUST NOT TELL ANY UNAUTHORIZED PERSON YOUR PIN OR WRITE YOUR PIN ON YOUR CARD OR OTHERWISE MAKE IT AVAILABLE TO ANYONE ELSE;
Overdrawn Checking Account. You will make a cash advance frommy Personal Line of Credit Account, if any, or withdraw funds frommy First500 Savings Account or make a withdrawal fromother accounts including accounts on which I ama joint owner. Overdrafts which cannot be honored are payable on demand and may result in termination of my account(s). ATM. I must observe the following for both the privacy and protection of my account and the system:
1. I MUST kEEP MY CARD IN A SAFE PLACE AND PERMIT NO UNAUTHORIZED PERSONTO USE IT;
2. I MUST NOTTELL ANY UNAUTHORIZED PERSON MY PIN OR WRITE MY PIN ON MY CARD OR OTHERWISE MAkE IT AVAIL- ABLETO ANYONE ELSE;
3. I MUSTTELLYOU IMMEDIATELY OF ANY LOSS ORTHEFT OF MY CARD AND/OR PIN.