Common use of Premium 200 Overdraft Protection Clause in Contracts

Premium 200 Overdraft Protection. If you have had at least two direct deposits to your primary deposit account totaling $400 or more in the immediately preceding 35 days, you will be assigned an Overdraft Protection limit of $200. You may not select a specific Overdraft Protection limit. Your Overdraft Protection limit will automatically increase if your direct deposit amount increases such that you are eligible for a higher tier of Overdraft Protection. If you want to lower your Overdraft Protection limit, your only option is to opt out of Overdraft Protection as described above. Please note that overdraft fees may not count towards your Overdraft Protection limit. Therefore, overdraft fees may cause your primary deposit account to be overdrawn by an amount that is greater than the Overdraft Protection limits specified above.

Appears in 4 contracts

Samples: Go2bank Deposit Account Agreement, Deposit Account Agreement, Walmart Moneycard Deposit Account Agreement

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