Common use of Discretionary Service Clause in Contracts

Discretionary Service. The Credit Union offers Overdraft Privilege to eligible consumer checking account owners who qualify. Overdraft Privilege is provided to qualified accounts automatically for checks; ACH; Home Banking 24 and Mobile Banking 24 transactions; ATM and debit card transactions will be provided for only if you request Overdraft Privilege by expressly requesting these transactions (“opt-in”). To be eligible for Overdraft Privilege you must satisfy the following conditions: keep a positive balance in your account at least once every 30 days; you must not be more that 14 days past due on any loan or delinquent on any other obligation with the Credit Union or subject to any legal order, levy or bankruptcy proceeding; you must not have an outstanding balance on an Overdraft Repayment Plan; you must not be subject to a ChexSystems or other negative indicator or an extended hold on your checking account or any other account relationship with us. Overdraft Privilege is not available to minors, dormant accounts, Debit Card Checking, POD, Fiduciary or Escrow accounts. Under the Overdraft Privilege service, we are not obligated to pay any check or item presented for payment if your account does not contain sufficient funds. We may, as a discretionary service and not as a right of yours or our obligation to you, pay overdrafts up to an approved overdraft limit under the terms of this service and subject to this Agreement. This Overdraft Privilege service is not a line of credit, is not guaranteed, and is independent of any loan arrangement you may have with us. We will not pay an overdraft for you in excess of any limit we have established for your account type. Also, we may refuse to pay an overdraft for you at any time, even if we have previously paid overdrafts for you. We have no obligation to notify you before we pay or return any item.

Discretionary Service. The Credit Union offers Overdraft Privilege to eligible consumer checking account owners who qualify. Overdraft Privilege overdraft service is provided to qualified eligible accounts automatically for checks; ACH; Home Banking 24 checks and Mobile Banking 24 online transactions; you may opt-out at any time. The Courtesy Pay service will be provided for ATM and debit card purchase transactions will be provided for only if you request Overdraft Privilege Courtesy Pay services by expressly requesting opting in for these transactions (“opt-in”)transactions. To be eligible for Overdraft Privilege The Courtesy Pay overdraft protection is provided only if you must satisfy the following conditions: keep a positive balance in your have no savings account at least once every 30 days; you must not be more that 14 days past due on any loan or delinquent on any other obligation with the Credit Union or subject to any legal order, levy or bankruptcy proceeding; you must not have an outstanding balance on an Overdraft Repayment Plan; you must not be subject to a ChexSystems or other negative indicator or an extended hold on your checking account or any other account relationship with us. Overdraft Privilege is not funds available to minors, dormant accounts, Debit Card Checking, POD, Fiduciary or Escrow accountstransfer. Under the Overdraft Privilege Courtesy Pay service, we are not obligated to pay any check or item presented for payment if your account does not contain sufficient funds. We may, as a discretionary service and not as a right of yours or our obligation to you, pay overdrafts up to an approved overdraft limit under the terms of this service and subject to this Agreement. This Overdraft Privilege overdraft service is not a line of credit, is not guaranteed, and is independent of any loan arrangement you may have with us. We will not pay an overdraft for you in excess of any limit we have established for your account type. Also, we may refuse to pay an overdraft for you at any time, even if we have previously paid overdrafts for you. We have no obligation to will not notify you before we pay or return any item. Overdraft Limit/Available Balance. We may pay overdrafts up to this overdraft limit up to a limit determined by your individual account activity, provided you continue to qualify for the service. This limit may change daily. The Credit Union’s fees and charges and each paid check or item will be included in this limit. This Overdraft Fees. The fee for each paid overdraft is set forth on the Fee Schedule. If we do not pay the overdraft, there is a NSF/ Returned Item fee also set forth on the Fee Schedule. There is no limit on the number of overdrafts paid or overdraft fees incurred on any one day. These fees may be amended as set forth in our Fee Schedule. Member Repayment Responsibility. You agree your overdraft balance, including applicable overdraft fees, is due and payable upon demand. If there is more than one owner on an account, all owners are jointly and severally liable for repayment of the overdraft balance. If you fail to repay your overdraft balance as required, we may immediately suspend the Courtesy Pay service. Accounts may be closed for failure to repay overdraft balances and we will report account closures to consumer reporting agencies. Member Opt-Out Right. We offer the Courtesy Pay service as a service and convenience to members for incidental overdrafts. We do not encourage you to repeatedly overdraw your account. We encourage you to manage your finances responsibly. You may opt out of the Courtesy Pay service at any time by notifying us verbally or in writing. We may require that any verbal opt- out be confirmed in writing. You understand that by opting out of this service, we may refuse to pay any check or item that is presented against an insufficient balance on your account and you will be responsible for any NSF/Returned Item fees. You are still responsible to pay any overdraft, even if you have opted out of the service.