HOW TO ENROLL. To enroll in Pre-Authorized Overdraft Transfers, visit your nearest City National Bank branch, send us a secure message in CityNET Online Banking or call us during our business hours at ▇▇▇-▇▇▇-▇▇▇▇. See the section titled Posting Order Examples in Supplement A to learn more about how transactions post to your account and how they will appear on your periodic statement. See the section titled Supplement B – Overdraft Protection for more information about Overdraft Protection options. Overdrawing your account (spending more money than is in your account) can be a costly mistake. An overdraft occurs when a transaction is posted to an account which causes the balance to be less than $0. It’s always better not to overdraw your account in the first place, but if you occasionally have trouble tracking the balance in your account and have ever overdrawn your account, you may want to consider Overdraft Protection. Overdraft Protection is not a free ticket to spend more money than is in your account, but it can help in the event of an inadvertent overdraft. There is no fee for having Overdraft Protection on your account; you are only charged for this service if you overdraw your account. The merchant or retailer to whom you made the payment may also charge you a fee (typically $25 to $50) for the transaction that was returned, in addition to what you still owe them from the original purchase.
Appears in 2 contracts
Sources: Consumer Deposit Account Agreement, Consumer Deposit Account Agreement