Common use of Responsibility for Overdraft Clause in Contracts

Responsibility for Overdraft. If you obtain cash from an ATM or withdraw via a Point of Sale transaction which creates an overdraft in your membership share account or Checking Account(s), the overdraft amount is due and payable upon our demand and you agree to pay the full amount of it to us, together with any applicable service charge when we so demand. You also authorize us in such case to apply from any other savings account, checking account, club account or line of credit you may have in the Credit Union such amount as to be necessary to pay the overdraft amount and service charge.

Appears in 3 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement, Membership and Account Agreement

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Responsibility for Overdraft. If you obtain cash from an ATM or withdraw via a Point of Sale transaction which creates an overdraft in your membership regular share account or Checking Account(sshare draft account(s), the overdraft amount is due and payable upon our demand and you agree to pay the full amount of it to us, together with any the service charge, if applicable service charge when we so demand. You also authorize us in such a case to apply from any other savings share account, checking share draft account, club account or line of credit you may have in the Credit Union such amount as to be necessary to pay the overdraft amount and service charge.

Appears in 1 contract

Samples: Membership/Account Agreement for Businesses and Other Entities

Responsibility for Overdraft. If you obtain cash from an ATM or withdraw via a Point point of Sale sale transaction which creates an overdraft in your membership regular share account or Checking Account(sshare draft account(s), the overdraft in your regular share or share draft account(s) the overdraft amount is due and payable upon our demand the moment you get it and you agree to pay the full amount of it to us, together with any applicable the service charge when we so demandcharge, if applicable. You also authorize us in such case a case, to apply from any other savings share account, checking account, club share draft account or line of credit you may have in the Credit Union credit union such amount as to be is necessary to pay the overdraft amount and service charge.

Appears in 1 contract

Samples: Electronic Funds Transfer Agreement

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Responsibility for Overdraft. If you obtain cash from an ATM or withdraw via a Point of Sale or Debit card transaction which creates an overdraft in your membership share account savings or Checking Account(schecking account(s), the overdraft amount is due and payable upon our demand the moment you get it along with the Overdraft Fee as noted in the Fee Schedule and you agree to pay the full amount of it to us, together with any applicable service charge when we so demand. You also authorize us in such case case, to apply from any other savings accountsavings, checking account, club account or line of credit you may have in the Credit Union credit union such amount as to be necessary to pay the such overdraft amount and service charge.

Appears in 1 contract

Samples: Eft Disclosure and Agreement

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