Common use of Overdraft Limit Clause in Contracts

Overdraft Limit. If you qualify, the Credit Union may pay overdrafts up to a limit to which you qualify, we may pay overdrafts up to this overdraft limit provided you continue to qualify for the service. The Credit Union’s fees and charges and each paid check or item will be included in this limit. This overdraft limit will not be included or reflected in the actual balance of your account provided by a teller, at ATM or POS facilities, through online services or on your periodic statements. If you have reached your overdraft limit, any checks or items presented to us will be returned for insufficient funds. We may increase or decrease your overdraft limit at any time, as frequently as daily, and we may reduce your limit to zero.

Appears in 1 contract

Sources: Membership and Account Agreement

Overdraft Limit. If you qualify, the Credit Union may pay overdrafts up to a limit to which you qualify, and we may pay overdrafts up to this overdraft limit provided you continue to qualify for the service. The Credit Union’s fees and charges fees, charges, and each paid check or item will be included in this limit. This overdraft limit will not be included include or reflected in the actual balance of your account provided by a teller, at ATM or POS facilities, through online services or on your periodic statements. If you have reached your overdraft limit, any checks or items presented to us will be returned for insufficient funds. We may increase or decrease your overdraft limit at any time, as frequently as daily, and we may reduce your limit to zero.

Appears in 1 contract

Sources: Account Agreement