Common use of Your Overdraft Liability Clause in Contracts

Your Overdraft Liability. If on any day, the available funds in your checking account are not sufficient to cover checks and other items posted to your account, those checks and items will be handled in accordance with our overdraft procedures and the terms of this Agreement. The Credit Union’s determination of an insufficient account balance is made at the time the check or item is presented to us, which may be later than the time you conduct the transaction. The Credit Union has no duty to notify you of a check or item that will overdraw your account. If we pay an item that overdraws your account, you are liable for and agree to pay the overdraft amount and any fees immediately. You will be subject to a charge for the item whether paid or returned as set forth in the Rate and Fee Schedule. We reserve the right to pursue collection of previously dishonored items at any time, including giving a payer bank extra time beyond any midnight deadline limits.

Appears in 2 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement

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Your Overdraft Liability. If If, on any day, the available funds Available Balance in your checking account are is not sufficient to cover checks and other items posted to your account, those checks and items will be handled in accordance with our overdraft procedures and the terms of this Agreement. The Credit Union’s Our determination of an insufficient account balance Available Balance is made at the time the check or other item is presented to us, which may be later than the time you conduct the transaction. The Credit Union has We have no duty to notify you of a check or other item that will overdraw your account. If we pay an item that overdraws your account, you are liable for and agree to immediately pay the overdraft amount and any fees immediatelyfees. You will be subject to a charge for each item we pay over the item whether paid or returned amount of Available Balance, as set forth in the Rate and Business Fee Schedule. We reserve the right to pursue collection of items that were previously dishonored items returned at any time, including giving a payer bank financial institution extra time beyond any midnight deadline limits.

Appears in 1 contract

Samples: Business Membership & Account Agreement

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Your Overdraft Liability. If If, on any day, the available funds Available Balance in your checking account are is not sufficient to cover checks and other items posted to your account, those checks and items will be handled in accordance with our overdraft procedures and the terms of this Agreement. The Credit Union’s Our determination of an insufficient account balance Available Balance is made at the time the check or other item is presented to us, which may be later than the time you conduct the transaction. The Credit Union has We have no duty to notify you of a check or other item that will overdraw your account. If we pay an item that overdraws your account, you are liable for and agree to immediately pay the overdraft amount and any fees immediatelyfees. You will be subject to a charge for each item we pay over the item whether paid or returned amount of Available Balance, as set forth in the Rate and Personal Fee Schedule. We reserve the right to pursue collection of items that were previously dishonored items returned at any time, including giving a payer bank financial institution extra time beyond any midnight deadline limits.

Appears in 1 contract

Samples: Membership & Account Agreement

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