Examples of OD Fee in a sentence
BANA produced and plaintiffs’ counsel and their experts reviewed internal documents related to BANA’s NSF Fee and OD Fee practices including Account agreements, marketing and internal studies on NSF/OD Fees, customer complaints about the challenged fees, and transactional database excerpts showing how much money BANA made from the challenged fees.
One of the primary questions raised in this Action and in Morris is whether BANA was authorized under its Account agreements to assess more than one NSF Fee and/or OD Fee on the same item when that item is re-presented for payment multiple times after having initially been returned for insufficient funds resulting in an NSF Fee.
Wood understood the payment to be a single item as is laid out in the Account Documents, capable at most of receiving a single NSF Fee (if NBT returned it) or a single OD Fee (if NBT paid it).
According to Imperial County APCD staff, the OD Fee applies to single-family projects requiring a tentative map, i.e. 5 or more units.
To the contrary, the Deposit Agreement indicates it will only charge a single NSF Fee or OD Fee on an item.
A NSF Fee Premium OD Fee or Premium Overdraft Plus Fee will be charged to your checking account, in accordance with our Share Rates & Schedule of Fees and Charges, for each overdraft that is authorized and paid through the Premium Overdraft Services (Premium Overdraft and Premium Overdraft Plus).
As discussed above, this case was preceded by Morris, during which the parties exchanged “tens of thousands of pages of documents and relevant information” and “internal documents related to BANA’s NSF Fee and OD Fee practices including Account agreements, marketing and internal studies on NSF/OD Fees, customer complaints about the challenged fees, and transactional database excerpts showing how much money BANA made from the challenged fees.” (Prelim.
Plaintiff was assessed another $36 OD Fee on a $13.20 debit card transaction to USPS Kiosk 198 that settled on January 31, 2017 even though this transaction had been authorized on sufficient funds, sufficient funds to “cover” the transaction were placed on hold at that time, and the funds remained held in the account at the time the transaction posted.
With Overdraft Privilege, the transaction is paid, a separate $32.00 OD Fee was charged, making the new Available balance a negative $64.00.
The new C/L balance is now also negative $64.00 ($28.00 minus $60 restaurant transaction minus $32 OD Fee).