Your Responsibility to Repay Overdrafts. If we permit an overdraft or otherwise allow your account balance to drop below zero, you agree to pay the amount of the overdraft promptly, without notice or demand from us. You agree that we may use subsequent deposits and other credits to your accounts, including without limitation, deposits of government, welfare, retirement and Social Security benefits, to cover any overdraft existing in your account, to the fullest extent permitted by law. (See the section titled “Setoff” below.) Each account owner is jointly and severally responsible for paying any overdrafts created by any authorized signer(s) or party to the account, whether or not the owner participates in the transaction or benefits from its proceeds. Discretionary Overdraft Service We automatically enroll your eligible demand deposit accounts in the Discretionary Overdraft Service, our standard overdraft program. This is an automated discretionary overdraft service where we may authorize and pay transactions that exceed your available balance in your deposit accounts. We also offer alternatives that may be less expensive for you (see the section titled “How to Avoid Overdraft Fees,” below). Our Discretionary Overdraft Service is not available if you have an overdraft line of credit with us. Our Discretionary Overdraft Service is not a line of credit. We have the discretion to pay overdrafts within the overdraft limit, but payment by us is a discretionary courtesy and not a right of the client or an obligation of the Bank. We are not obligated to pay any transaction presented for payment if your account does not have a sufficient available balance. Your overdraft limit is dynamic, established based on algorithms that weigh numerous variables and behaviors. Your limit may change as often as each day and may be suspended or reduced to zero when you no longer sustain the eligibility criteria. Balances at ATM or other points of inquiry will not include the Discretionary Overdraft Service limit; however, transactions may be paid in excess of the balances indicated, creating an overdraft. We discourage the practice of overdrawing accounts. When you are enrolled in the Discretionary Overdraft Service: • Your overdraft limit is determined daily by our automated overdraft solution and may change as often as daily, without prior notice to you. • A per item overdraft fee will be charged, whether the overdraft item is paid or returned. See the Fee Schedule (“Overdraft Paid Item Fee,” “NSF Returned Item Fee”...
Your Responsibility to Repay Overdrafts. You must promptly pay the amount of any overdraft along with any fees that may apply. If you do not, you may be charged additional fees and/or any applicable interest. We also may report you to credit reporting agencies, close your account, or both. This could affect your ability to open accounts with us or other banks in the future. You authorize us to use the money from any subsequent deposits to your account to pay any overdraft, resulting fees and any applicable interest. Subsequent deposits include any federal or state benefit payments that you choose to deposit in any account (including direct deposit of Social Security). You understand and agree that if you do not want your benefits applied in this way, you may change your direct deposit instructions at any time. You agree to pay all costs and expenses we incur in collecting any overdraft, including attorneys’ fees. In addition, if we close your account with an outstanding overdraft and charge off the amount of the overdraft (that is, take a loss), we may still pursue collection of the amount you owe (including suing you) after it is charged off.
Your Responsibility to Repay Overdrafts. Each Account owner is jointly and severally responsible for paying any overdrafts created by any Account owner, authorized person or agent, whether or not such owner participates in the transaction or benefits from its proceeds. You agree that subsequent deposits and other credits to the Account may be used to repay an overdraft, regardless of the source of the deposit, including, without limitation, deposits of government, welfare, retirement or social security benefits. You also agree to pay all costs and expenses in collecting any overdraft, even after it is charged off. We discourage the practice of overdrawing Accounts. If you anticipate the possibility of repeated overdrafts, please consider one of our overdraft protection plans, which is more dependable and may be less expensive. For more information see the subsection titled “Overdraft Protection Plans” in this section.
Your Responsibility to Repay Overdrafts. Each Account owner/authorized person is jointly and severally responsible for paying any overdrafts created by any Account owner, authorized person or agent, whether or not such owner participates in the transaction or benefits from its proceeds. You agree that subsequent deposits and other credits to the Account may be used to repay an overdraft, regardless of the source of the deposit. You also agree to pay all costs and expenses in collecting any overdraft, even after it is charged off.
Your Responsibility to Repay Overdrafts. You must immediately pay the amount of any overdraft along with any fees that apply. If you don't, you may be charged additional fees or interest. We also may report you to consumer reporting agencies, close your account, or both. This could affect your ability to open accounts with us or other banks in the future. You authorize us to use the money from any subsequent deposits to your account to pay any overdraft and resulting fees. Subsequent deposits include any federal or state benefit payments that you choose to deposit in any account (including direct deposit of Social Security benefits). You understand and agree that if you don't want your benefits applied in this way, you may change your direct deposit instructions at any time. You agree to pay us all reasonable costs and expenses we incur in collecting any overdraft. We may pursue collection efforts and legal action of the amount you owe after it is charged off. Overdraft Fees and Non-Sufficient Funds (NSF) We may charge an Overdraft/NSF fee (as set forth in our Fee Schedule) for each item presented on a day when your account does not have sufficient funds to cover the item(s), whether or not we pay the item. We will charge a Continual Negative Balance Fee (as set forth in our Fee Schedule) each business day your account balance remains negative. Accounts remaining at a negative balance for four consecutive business days will be assessed this fee each business day until the balance is positive. A negative balance may result due to an Overdraft/NSF, or other fees. Refer to your Fee Schedule for information about what fees apply and how fees are calculated for your account.
