Common use of Share Draft Overdraft Plan Clause in Contracts

Share Draft Overdraft Plan. If we have approved an overdraft protection plan for you, we will honor drafts drawn on insufficient funds in your Share Draft Account by transferring the necessary funds from another account of yours to your Share Draft Account. We will transfer funds to your Share Draft Account from your Shares, alternate share or overdraft protection loan account, as you have directed, or as required under the Credit Union’s overdraft protection plan. The fee for overdraft transfers is set forth in the Rate and Fee Schedule. Transfers from an alternate share account will be governed by this Agreement. Transfers from a loan account will be governed by the applicable loan agreement.

Share Draft Overdraft Plan. If we have approved an overdraft protection plan for you, we will honor drafts drawn on insufficient funds in your Share Draft Account by transferring the necessary funds from another account of yours to your Share Draft Account. We will transfer funds to your Share Draft Account from your Shares, Shares or any alternate share or overdraft protection loan account, as you have directed, or as required under the Credit Union’s overdraft protection plan. The fee for overdraft transfers is set forth in the Rate and Fee Schedule. Transfers from an alternate share account will be governed by this Agreement. Transfers from a loan account will be governed by the applicable loan agreement.