Common use of Overdraft Liability Clause in Contracts

Overdraft Liability. If on any day, the available funds in your checking account are not sufficient to cover checks and other items posted to your account, those checks, and items will be handled in accordance with our overdraft procedures, or an overdraft protection plan you have with us. The Credit Union’s determination of an insufficient account balance may be made at any time between presentation and the Credit Union’s midnight deadline with only one review of the account required. The Credit Union has no duty to notify you of an insufficient funds check. Your account will then be subject to a charge for the item whether paid or returned as set forth in the Rate and Fee Schedule. However, the Credit Union will not charge an overdraft fee for covering an everyday ATM or debit card purchase transaction unless you request such protection. Except as otherwise agreed in writing, the Credit Union, by covering one or any overdraft, does not agree to cover overdrafts in the future and may discontinue covering overdrafts at any time. If the Credit Union pays a draft that would otherwise overdraw your account, you agree to pay the overdraft amount immediately. We reserve the right to pursue collection of previously dishonored items at any time, including giving a payor bank extra time beyond any midnight deadline limits.

Appears in 1 contract

Sources: Account Agreement

Overdraft Liability. If on any day, the available funds in your checking account are not sufficient to cover checks and other items posted to your account, except ATM or debit card purchases, those checks, checks and items will be handled in accordance with our overdraft procedures, procedures or an overdraft protection transfer plan that you have with usTrailhead. The Credit Union’s determination of an insufficient account balance may be made at any time between presentation and the Credit Union’s midnight deadline with only one review of the account required. The Credit Union has no duty to notify you of an insufficient funds check. Your account will then be subject to a charge for the item whether paid or returned as set forth in the Rate and Fee Schedule. However, the Credit Union will not charge an overdraft fee for covering an everyday ATM or debit card purchase transaction unless you request such protection. Except as otherwise agreed in writing, the Credit Union, by covering one or any overdraft, does not agree to cover overdrafts in the future and may discontinue dis- continue covering overdrafts at any time. If the Credit Union pays a draft that would otherwise overdraw your account, you agree to pay the overdraft amount immediately. We reserve the right to pursue collection of previously dishonored items at any time, including includ- ing giving a payor bank extra time beyond any midnight deadline limits.

Appears in 1 contract

Sources: Membership and Account Agreement

Overdraft Liability. If on any day, the available funds in your checking account are not sufficient to cover checks checks, ATM/Check card transactions, ACH transactions, and other items posted to your account, those checks, checks and items will be handled in accordance with our overdraft procedures, procedures or an overdraft protection pro- tection plan you have with us. The Credit Union’s determination of an insufficient account balance may be made at any time between presentation and the Credit Union’s midnight return deadline with only one review of the account required. The Credit Union has no duty to notify you of an insufficient funds check. Your account will then be subject to a charge for the item whether paid or returned as set forth in the Rate and Fee Schedule. However, the Credit Union will not charge an overdraft fee for covering an everyday ATM or debit card purchase transaction unless you request such protectionSchedule of Rates/ Fees. Except as otherwise agreed in writing, the Credit Union, by covering one or any overdraft, does not agree to cover overdrafts in the future and may discontinue covering overdrafts at any time. If the Credit Union pays a draft check that would otherwise overdraw your account, you agree to pay the overdraft amount immediately. We reserve the right to pursue collection of previously dishonored items at any time, including includ- ing giving a payor bank extra time beyond any midnight deadline limits.

Appears in 1 contract

Sources: Membership and Account Agreement

Overdraft Liability. If If, on any day, the available funds in your checking account are not sufficient to cover checks and other items posted to your account, those checks, checks and items will be handled in accordance with our overdraft procedures, or an overdraft protection plan you have with us. The Credit Union’s determination of an insufficient account balance is made at the time the check or item is presented to us, which may be made later during the day or a different day than the time you conduct the transaction. Overdrafts will be determined based on the available balance in your account at any the time between presentation and the Credit Union’s midnight deadline with only one review of the item is presented to us for payment. Your available balance may be lower than your actual balance if your account required. The Credit Union has no duty funds held for pending debit card transactions you have authorized, pending direct deposits that are not yet available for withdrawal, or if you have deposited checks that are held pursuant to notify you of an insufficient our funds checkavailability policy. Your account will then be subject to a charge fee for non-sufficient funds or unavailable funds for the item whether paid or returned as set forth in the Rate and Fee Schedule. However, the Credit Union will not charge an overdraft fee for covering an everyday ATM or debit card purchase transaction unless you request such protection. Except as otherwise agreed in writing, the Credit Union, by covering one or any overdraft, does not agree to cover overdrafts in the future and may discontinue covering overdrafts at any time. If the Credit Union pays a draft check or other item that would otherwise wouldotherwise overdraw your account, you agree to pay the overdraft amount immediately. We reserve the right to pursue collection of previously dishonored items at any time, including giving a payor bank extra time beyond any midnight deadline limits.

Appears in 1 contract

Sources: Business Membership & Account Agreement

Overdraft Liability. If on any day, the available funds in your checking account Checking Account are not sufficient to cover checks and checks, Debit Card transactions, fees or other items posted to your account, those checks, and items amounts will be handled in accordance with our overdraft procedures, procedures or an overdraft protection plan source you have with us. .The Credit Union’s determination of an insufficient account balance may be made at the Credit Union’s sole discretion any time between presentation and the Credit Union’s midnight deadline with only one review of the account required. The Credit Union has no duty .We do not have to notify you of an insufficient if your Checking Account does not have funds check. Your to cover checks, fees or other posted items.Whether the item is paid as a courtesy or returned, your account will then may be subject to a charge for the item whether paid or returned as set forth in the Rate and Fee Schedule. However, the Credit Union will not charge an overdraft fee for covering an everyday ATM or debit card purchase transaction unless you request such protection. Except as otherwise agreed in writing, the Credit Unionwe, by covering one or any overdraft, does do not agree to cover overdrafts in the future and future.We may discontinue covering overdrafts at any timetime without notice. If the Credit Union pays we pay a draft check or impose a fee that would otherwise overdraw your account, you agree to pay the overdraft overdrawn amount and any assessed fees immediately. .We reserve the right to pursue collection of previously dishonored items at any time, including giving a payor bank extra time beyond any midnight deadline limits.

Appears in 1 contract

Sources: Membership and Account Agreement

Overdraft Liability. If We use your available balance to determine whether there are sufficient funds in your account to pay items when presented. If, on any day, the available funds balance in your checking account are is not sufficient to cover checks and other items posted to your account, each presentment of those checks, checks and items will be handled in accordance with our overdraft procedures, procedures or an overdraft protection plan you have with us. The Credit Union’s determination of an insufficient account available balance is made when the item is presented, which in some cases may be made at any time between presentation and the Credit Union’s midnight deadline with only one review of the account requiredseveral days after authorization. The Credit Union has no duty to notify you of an insufficient funds check. Your account will then be subject to a charge for each presentment of the item check or other item, whether paid or returned returned, as set forth in on the Rate and Fee Schedule. However, the Credit Union will not charge an overdraft fee for covering an everyday ATM or debit card purchase transaction unless you request such protection. Except as otherwise agreed in writing, the Credit Union, by covering one or any overdraft, does not agree to cover overdrafts in the future and may discontinue covering overdrafts at any time. If the Credit Union pays a draft presented check or other item that would otherwise overdraw your account, you agree to pay the overdraft amount immediately. We reserve the right to pursue collection of previously dishonored items at any time, including giving a payor bank extra time beyond any midnight deadline limits.

Appears in 1 contract

Sources: Membership and Account Agreement

Overdraft Liability. If on any day, the available funds in your checking account are not sufficient to cover checks and other items posted to your account, those checks, checks and items will be handled in accordance with our overdraft procedures, procedures or an overdraft protection plan you have with us. The Credit Union’s determination of an insufficient account balance may be made at any time between presentation and the Credit Union’s midnight deadline with only one review of the account required. The Credit Union has no duty to notify you of an insufficient funds check. Your account will then be subject to a charge for the item whether paid or returned as set forth in the Rate and Fee Schedule. However, the Credit Union union will not charge an overdraft fee for covering an everyday ATM or debit card purchase transaction unless you request such protection. Except as otherwise agreed in writing, the Credit Union, by covering one or any overdraft, does not agree to cover overdrafts in the future and may discontinue covering overdrafts at any time. If the Credit Union pays a draft that would otherwise overdraw your account, you agree to pay the overdraft amount immediately. We reserve the right to pursue collection of previously dishonored items at any time, including giving a payor bank extra time beyond any midnight deadline limits.

Appears in 1 contract

Sources: Membership and Account Agreement