Common use of Limits on Overdraft Transfer Service Clause in Contracts

Limits on Overdraft Transfer Service. We will not transfer more than the available account balance in designated linked account if the amount of the overdraft and related fee(s) exceed the available amount. If the available balance in a designated linked account is not enough to pay the full amount of the transaction(s) you have initiated on any day, we will transfer up to the available balance to pay one or more transactions. Any transactions that are not paid by the transfer will either be paid through our Overdraft Privilege Service or returned, and Overdraft Privilege Fees, and/or NSF Fees, as applicable, will be assessed. The following example illustrates how this works if you have elected both Overdraft Transfer Service and Overdraft Privilege Overdraft Service: Assume your actual and available balances in your Share Draft Account are both $50, and your available balance in your savings account is $10. You write a check for $80. When the check is presented for payment, because you don’t have $80 available in your Share Draft Account or designated linked account, the item cannot be fully paid using the Overdraft Transfer Service from the designated linked account. However, if you have also elected Overdraft Privilege, we may elect to transfer the $10 in your designated linked account and pay the remaining portion of the item using Overdraft Privilege. In such case, you will be assessed an Overdraft Privilege Fee. However, because Overdraft Privilege is a discretionary service, we may instead elect to decline to pay the transaction. If we decline to pay the transaction, we will not transfer any funds from your designated linked account, we will decline the transaction, and we will assess you an NSF Fee each time the item is presented for payment. It is important to remember that we have no control over how many times an intended payee may present the same item for payment. Multiple presentments of the same item will result in multiple fees.

Limits on Overdraft Transfer Service. We will not transfer more than the available account balance in designated linked account if the amount of the overdraft and related fee(s) exceed the available amount. If the available balance in a designated linked account is not enough to pay the full amount of the transaction(s) you have initiated on any dayday plus the Overdraft Transfer Fee(s), we will transfer up to the available balance to pay one or more transactions. transactions plus the applicable fee for each item Any transactions that are not paid by the transfer will either be paid through our Overdraft Privilege Courtesy Pay Service or returned, and Overdraft Privilege Transfer Fees, Courtesy Pay Fees, and/or NSF Fees, Fees as applicable, will be assessed. The following example illustrates how this works if you have elected both Overdraft Transfer Service and Overdraft Privilege Courtesy Pay Overdraft Service: Assume your actual and available balances in your Share Draft Account checking account are both $50, and your available balance in your savings account is $10. You write a check for $80. When the check is presented for payment, because you don’t have $80 available in your Share Draft Account checking account or designated linked regular savings account, the item cannot be fully paid using the Overdraft Transfer Service from the designated linked regular savings account. However, if you have also elected Overdraft PrivilegeCourtesy Pay, we may elect to transfer the $10 in your designated linked savings account and pay the remaining portion of the item using Overdraft PrivilegeCourtesy Pay. In such case, you will be assessed both an Overdraft Privilege Transfer Fee and a Courtesy Pay Fee. However, because Overdraft Privilege Courtesy Pay is a discretionary service, we may instead elect to decline to pay the transaction. If we decline to pay the transaction, we will not transfer any funds from your designated linked savings account, we will decline the transaction, and we will assess you an NSF Fee each time the item is presented for payment. It is important to remember that we have no control over how many times an intended payee may present the same item for payment. Multiple presentments of the same item will result in multiple fees.

Limits on Overdraft Transfer Service. We will not transfer more than the available account balance in designated linked account if the amount of the overdraft and related fee(s) exceed the available amount. If the available balance in a designated linked account is not enough to pay the full amount of the transaction(s) you have initiated on any dayday plus the Overdraft Transfer Fee(s), we will transfer up to the available balance to pay one or more transactions, plus the applicable fee for each item. Any transactions that are not paid by the transfer will either be paid through our Overdraft Privilege Courtesy Pay Service or returned, and Overdraft Privilege Transfer Fees, Courtesy Pay Fees, and/or NSF Fees, as applicable, will be assessed. The following example illustrates how this works if you have elected both Overdraft Transfer Service and Overdraft Privilege Courtesy Pay Overdraft Service: Assume your actual and available balances in your Share Draft Account checking account are both $50, and your available balance in your savings account is $10. You write a check for $80. When the check is presented for payment, because you don’t have $80 available in your Share Draft Account checking account or designated linked regular savings account, the item cannot be fully paid using the Overdraft Transfer Service from the designated linked regular savings account. However, if you have also elected Overdraft PrivilegeCourtesy Pay, we may elect to transfer the $10 in your designated linked savings account and pay the remaining portion of the item using Overdraft PrivilegeCourtesy Pay. In such case, you will be assessed an Overdraft Privilege only a Courtesy Pay Fee. However, because Overdraft Privilege Courtesy Pay is a discretionary service, we may instead elect to decline to pay the transaction. If we decline to pay the transaction, we will not transfer any funds from your designated linked savings account, we will decline the transaction, and we will assess you an NSF Fee each time the item is presented for payment. It is important to remember that we have no control over how many times an intended payee may present the same item for payment. Multiple presentments of the same item will result in multiple fees.