Common use of Periodic Transfers Clause in Contracts

Periodic Transfers. You may authorize periodic transfers to or from your savings, checking, or money market account or unsecured line of credit verbally or in writing, provided sufficient funds or credit is available to conduct the transfer. Returned Deposits. HVCU is not responsible for any damages you incur if an item that you deposited to your account is returned by the paying financial institution, regardless of the reason for the return. Your account is deducted for the returned item, and if you do not have sufficient funds to cover the returned item, an overdraft may occur. This gives HVCU the right to charge associated fees for each presentment or enforce a statutory lien against any account in which you have an ownership interest (except accounts prohibited by law).

Periodic Transfers. You may authorize periodic transfers to or from your savings, checking, or money market account or unsecured line of credit verbally or in writing, provided sufficient funds or credit is available to conduct the transfer. Returned Deposits. HVCU HVFCU is not responsible for any damages you incur if an item that you deposited to your account is returned by the paying financial institution, regardless of the reason for the return. Your account is deducted for the returned item, and if you do not have sufficient funds to cover the returned item, an overdraft may occur. This gives HVCU HVFCU the right to charge associated fees for each presentment or enforce a statutory lien against any account in which you have an ownership interest (except accounts prohibited by law).