Examples of Draft account in a sentence
As with all other accounts, your Share Draft account may be subject to service charges in accordance with the fee schedule adopted by the Credit Union from time to time.
Funds to cover your card purchases will be deducted from your Share Draft account.
Funds to cover your Card purchases will be deducted from your Share or Share Draft account.
The Facility will be available to customers having a satisfactory running Savings/ Current/ Over Draft account with the Bank.
This money is recorded on the Loan Servicing system and is recorded in the Loss Draft account at the bank, on the Index Cards and on the Loss Draft spreadsheet maintained by the Accounting Department.
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If your preauthorized transfer/ATM terminal transaction affects your Share Draft account, these transactions will be noted on your monthly statement.
For POS purchases where your PIN is required, the limit is the lesser of your available account balance or $1,000 ($200 for Youth Accounts).• If your Transaction is being processed as a Visa® Purchase, without the entry of a PIN, the Transaction limit is the lesser of your available Share Draft account balance or $3,000 ($400 for Youth Accounts).
An overdraft occurs when you do not have enough money in your Share Draft account to cover a transaction but Central Coast Federal Credit Union (“CCFCU”) pays it anyway.
Upon instruction of (i) your employer, (ii) the Treasury Department or (iii) other financial institutions, the Credit Union will accept direct deposits of your paycheck or federal recurring payments, such as Social Security, to your share and/or share Draft account.