Daily Overdraft Fee definition

Daily Overdraft Fee means a fee assessed because an account has been overdrawn for a number of consecutive days, by a minimum amount.
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Daily Overdraft Fee. The fee charged to your Account for each day the Account remains overdrawn starting on the seventh (7th) consecutive Business Day of the Overdraft. Debit card transaction: Any purchase or bill payment using your debit card. A Debit Card Transaction may be either an everyday (not recurring) purchase transaction or a recurring payment, such as a monthly bill.
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Daily Overdraft Fee. The fee charged to your Account for each day the Account remains overdrawn starting on the seventh (7th) consecutive Business Day of the Overdraft. Debit card transaction: Any purchase or bill payment using your debit card. A Debit Card Transaction may be either an everyday (not recurring) purchase transaction or a recurring payment, such as a monthly bill. Depositor: Any person who signs the Bank’s deposit Account opening forms and/or signature card. This includes each and every owner of the Account and anyone else with authority to exercise control over the funds in the Account. Direct Deposit: An automatic electronic deposit made through the ACH network to your Account by another party. Hold: Any amount of money that is in your Current Balance, but that cannot be withdrawn because of delayed funds availability, a court order or other reason. A Hold may be placed for more than your balance. Item: Any instrument for the payment, transfer, or withdrawal of funds from an Account, even though it may not be negotiable. Examples include Checks, electronic transactions such as ACH and ATM withdrawals, wire transfers, drafts, automatic transfers, and online banking transfers. References to an “Item” include, without limitation, situations where a Check or electronic transaction is re-presented or re-submitted (as well as situations where a Check is converted into an electronic transaction and submitted for payment). This means one authorized Check, electronic transaction, or other Item could result in multiple fees if such Item is presented or submitted for payment multiple times. Legal claim: a dispute in any way arising out of, affecting, or relating to this Agreement, your Account, or the related products and services the Bank has provided, will provide, or has offered to provide to you, and/or any aspect of your deposit relationship with the Bank.
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Examples of Daily Overdraft Fee in a sentence

  • When an Account is overdrawn (negative) for at least six (6) consecutive Business Days, then starting on the seventh (7th) consecutive Business Day a Daily Overdraft Fee is assessed on the Account as provided in the Fee Schedule for Personal Accounts.

  • When an account is overdrawn (negative) for at least six (6) consecutive business days, then starting on the seventh (7th) consecutive business day a Daily Overdraft Fee is assessed on the account as provided in the Fee Schedule for Business Accounts.

  • However, if your Current Balance is over- drawn, you may be assessed an $8 Daily Overdraft Fee each Business Day your Current Balance is overdrawn for up to fourteen (14) Business Days.

  • During our End of Day Processing, if we pay Item(s) using your Business Overdraft Honor Limit that result in your Account being overdrawn by less than $4, the Bank will not assess a $36 Overdraft Fee for the Item(s), however, the Daily Overdraft Fee and Returned Item Fee may still apply in these instances.

  • Please know that Overdraft Fees, Returned Item Fees, and the $8 Daily Overdraft Fee apply to your Account even if you request No Coverage for your Account.

  • Overdraft Fees if You Decline Coverage (No Coverage)If your Account has No Coverage, the Overdraft Fee, the Daily Overdraft Fee and the Returned Item Fee may still apply to your Ac- count.

  • Funds that are on Hold will not be used during our End of Day Processing to pay Items presented for payment, therefore, Overdraft Fees can be charged when the availability of funds you deposit are delayed due to a Hold.Our $8 Daily Overdraft Fee will be assessed each Business Day your Current Balance is overdrawn for up to fourteen (14) Business Days.

  • A Daily Overdraft Fee of $8 will be assessed each Business Day the Account has an overdrawn Current Balance for up to fourteen (14) Business Days.How Daily Overdraft Fees are AssessedFor Accounts both in the Program and Accounts with No Coverage, an $8 Daily Overdraft Fee may be assessed to Accounts with any overdrawn Current Balance.

  • The amount of any overdraft plus our Returned Item Fee (NSF), OD Item Limit Fee, Paid Item NSF Fee and Daily Overdraft Fee that you owe us shall be due and payable upon demand.

  • When comparing health worker compliance between districts, it was evident that more health workers in Malindi used more IMCI-specific case management skills.

Related to Daily Overdraft Fee

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d).

  • Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the Ratings-Based Applicable Margin is determined in accordance with the definition thereof: 2 0.125 % 3 0.150 % 4 0.200 % 5 0.250 % 6 0.300 % Any change in the applicable Level at which the Ratings-Based Applicable Margin is determined shall result in a corresponding and simultaneous change in the Applicable Facility Fee.

  • Facility Fee has the meaning specified in Section 2.09(a).

  • Unused Facility Fee has the meaning specified in Section 2.09(a).

  • Commitment Fee has the meaning specified in Section 2.09(a).

  • Undrawn Fee a fee payable pursuant to Section 3.2 for each day of the related Collection Period equal to the product of (x) the aggregate Commitments on such day minus the aggregate principal amount of outstanding Advances on such day times (y) the Undrawn Fee Rate times (z) 1/360.

  • Unused Line Fee has the meaning specified in Section 2.5.

  • Facility Fees has the meaning provided in Section 2.11(a).

  • Facility Letter of Credit Fee is defined in Section 2A.8.

  • Unused Amount means the Maximum Line reduced by outstanding Revolving Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one quarter of one percent (0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

  • Unused Commitment Fee has the meaning specified in Section 2.12(a) (Fees).

  • Revolving Line is an Advance or Advances in an amount equal to Ten Million Dollars ($10,000,000).

  • Applicable Commitment Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Unused Fees has the meaning assigned to such term in the Lender Fee Letter.

  • Cash Advance Fees shall have the meaning specified in the Credit Card Agreement applicable to each Account for cash advance fees or similar terms.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Drawing Fee means, with respect to each Draft drawn by TCCI and purchased by any Person on any Drawing Date and subject to the provisions of Section 2.15, an amount equal to the product of (i) the Applicable Rate times the aggregate Face Amount of the Draft, multiplied by (ii) a fraction the numerator of which is the number of days in the term to maturity of such Draft and the denominator of which is 365 or 366, as applicable.

  • Unused Fee has the meaning specified in Section 2.09(a).

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment at such time as set forth in the Pricing Schedule.

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: II 10.0 V 17.5

  • Breakage Costs shall have the meaning set forth in Section 2.2.3(h) hereof.

  • Maximum Swingline Amount means $5,000,000.

  • Commitment Fees has the meaning set forth in Section 2.11(a).

  • Maximum Revolving Advance Amount means $25,000,000.

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to: