Overdraft Fees means the fee that Defendant charges when a third party attempts to collect on a check (including an electronic check) or ACH payment item and the Defendant pays the check or item, despite the fact that the customer’s account had an insufficient balance to cover the cost of the check or item.
Overdraft Fees means fees assessed against a member’s checking account when that account does not have sufficient funds at the time a transaction is presented for payment that was not reversed. (Agreement § 1(u).)
Overdraft Fees means fees resulting from the processing of a debit transaction that exceeds a customer’s account balance.
Examples of Overdraft Fees in a sentence
Overdrafts, returned items and overdraft protection options are governed by our Overdraft Governance Documents, which includes the documents, "What You Need to Know About Overdrafts and Overdraft Fees" and "Overdraft Sweep Accounts".
You should be aware that, except in the case of debit card transactions, the order in which we post Debits to your account may increase the Overdraft Fees or Return Item Fees you have to pay if your Available Balance is not enough to pay the Debit when it is posted to your account.
More Definitions of Overdraft Fees
Overdraft Fees are paid item fees that Landmark Bank charged customers when the Available Balance in the customer’s account was insufficient to fully cover the amount of the customer’s transaction but Landmark Bank paid the item.
Overdraft Fees. If your account becomes overdrawn, you may be charged a fee, as listed in our fee schedule. The overdraft fee applies to overdrafts created by check, in- person withdrawal, ATM withdrawal, or other electronic means. Stop Payment Orders Stop Payment Order Request. You may request a stop payment order on any item payable from your account (ACH transactions, checks, and share drafts) on your account. To be binding an order must be dated, signed, and describe the account and item number and the exact amount. The stop payment will be effective if the Credit Union receives the order in time for the Credit Union to act upon the order and you state the number of the account, number of the item, and its exact amount. For ACH transactions, we must receive a written request at least three (3) business days preceding the scheduled date of the ACH transaction. You understand that the exact information is necessary for the Credit Union to identify the item. If you give us incorrect or incomplete information, we will not be responsible for failing to stop payment on the item/s. If the stop payment order is not received in time for us to act upon the order, we will not be liable to you or to any other party for payment of the item. In addition, we may request a copy of your written cancellation notice to revoke an ACH transaction with the receiver. If we re-credit your account after paying a item over a valid and timely stop payment order, you agree to sign a statement describing the dispute with the payee, to transfer to us all of your rights against the payee or other holders of the item and to assist us in any legal action. -Duration of Order. You may make an oral stop payment order, which will lapse within fourteen (14) calendar days unless confirmed in writing within that time. A written stop payment order is in effect until all entries that have been listed on the stop payment order have stopped. -Liability. Fees for stop payment orders are set forth on the Fee Schedule. You may not stop payment on any certified check, cashier's check, teller's check, or any other check, draft, or payment guaranteed by us. Although payment of an item may be stopped, you may remain liable to any item holder, including us. You agree to indemnify and hold the Credit Union harmless from all costs, including attorney's fees, damages or claims related to our refusing payment of an item, including claims of any multiple party account owner, payee, or endorsee in failing to stop payment of ...
Overdraft Fees are paid item fees that Xxxxxxx charged customers when the Available Balance in the customer’s account was insufficient to fully cover the amount of the customer’s transaction but Xxxxxxx paid the item.
Overdraft Fees means the APPSN Fee(s) that Members charged on certain Point of Sale debit card transactions where there was a sufficient available balance at the time the transaction was authorized, but an insufficient available balance at the time the transaction was presented to Members for payment and posted to a customer’s account.
Overdraft Fees means the APPSN Fee(s) that Members charged on certain Point of Sale debit card transactions where there was a sufficient available balance at the time the transaction was authorized, but an insufficient available balance at the time the transaction was presented to Members for payment and posted to a member’s account.
Overdraft Fees. The credit union will disclose the monthly and yearly total dollar aggregate fees and charges, for paying checks and returning items unpaid, for the statement period and calendar year-to-date. This includes interest charges, daily or other periodic fees, or fees charged for maintain and account in overdraft status. The aggregate fee total does not include fees for transferring funds from another member account to avoid an overdraft, or fees charged under a service subject to Regulation Z. The credit union may use terminology such as “returned item fee” or “NSF fee” to describe the fees for returning items unpaid.