Eligibility for Overdraft Privilege Sample Clauses
Eligibility for Overdraft Privilege. Overdraft Privilege is not a credit product. It is a feature that is automatically included with eligible Share Draft Accounts (unless you decline Overdraft Privilege entirely as described below or information we get from a consumer reporting agency does not meet Credit Union standards). Eligibility is at the sole discretion of the Credit Union and is based on you managing your Share Draft Account in a responsible manner. Overdraft Privilege may be available for Share Draft Accounts for which the primary account owner is 18 years of age or older. We reserve the right to limit Overdraft Privilege to one (1) account per household or member. We may suspend or permanently revoke Overdraft Privilege from your Share Draft Account, in our sole and absolute discretion, based on any one or more of the following criteria: Your account has been open less than 30 days; Your account has been overdrawn for more than 5 consecutive days during the first 30 days the account was open; You are not making regular deposits into your Share Draft Account; You do not bring your Share Draft Account to a positive balance for at least one full business day within a thirty (30) day period; Your membership is not in good standing; You are more than thirty (30) days past due or are in default in any other respect on any loan or other obligation to us; You have an outstanding balance due on an overdraft repayment plan; Your primary savings account does not have a positive balance; Your Share Draft Account is subject to any legal or administrative orders or levies; You have insufficient credit or negative credit history; A ChexSystems or other negative indicator is present; You are a party to a bankruptcy proceeding; Any or all of your account(s) with us are being reviewed for improper activity or transactions; Your Share Draft Account is classified as inactive; You use the Service to pay items written to check cashing agencies; You have an unresolved prior loss with us; or We believe you are not managing your Share Draft Account in a responsible manner which may harm you or us.
Eligibility for Overdraft Privilege. Overdraft Privilege is not a credit product. It is a feature that is automatically included with eligible checking accounts (unless you decline Overdraft Privilege entirely as described below or information we get from a consumer reporting agency does not meet Credit Union standards). Eligibility is at the sole discretion of the Credit Union and is based on you managing your checking account in a responsible manner. Overdraft Privilege may be available for checking accounts for which the primary checking account owner is 18 years of age or older. We reserve the right to limit Overdraft Privilege to one (1) account per household or member. We may suspend or permanently revoke Overdraft Privilege from your checking account, in our sole and absolute discretion, based on any one or more of the following criteria: