Common use of Eligibility for Overdraft Privilege Clause in Contracts

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: