Overdraft Privilege Service Clause Samples

The Overdraft Privilege Service clause defines the terms under which a financial institution may cover transactions that exceed the available balance in a customer's account. Typically, this service allows the bank to pay checks, debit card purchases, or other withdrawals even if the account lacks sufficient funds, up to a specified limit, and usually charges a fee for each overdraft covered. This clause ensures that customers can avoid declined transactions or returned checks, providing a safety net for occasional shortfalls, while also clarifying the costs and conditions associated with using the service.
Overdraft Privilege Service. ‌ 1. In accordance with our commitment to provide valued service and benefits, we may, at our discretion, pay your overdrafts that would cause your eligible checking account to have a negative balance. We refer to this service as our Overdraft Privilege service (hereinafter referred to as the “Service”). The Service is different than the Overdraft Protection Service plan. The Service is a backup to your existing overdraft protection plans and will only be activated if funds are not available from those plans. This Overdraft Privilege Section sets forth the terms and conditions applicable to the Service.
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Overdraft Privilege Service. We offer a discretionary overdraft service (Overdraft Privilege) to cover overdrafts on your checking accounts. The Overdraft Privilege service is offered to eligible business checking account owners, who qualify and remain in good standing with the Credit Union. The Credit Union provides the Overdraft Privilege Program as an accommodation to you and is not obligated to do so, even when it has done so in the past. You do not apply for this service. To be eligible for the Overdraft Privilege Program you must meet all of the following criteria:
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Overdraft Privilege Service. This is a non-contractual service we provide on eligible consumer and non-consumer checking accounts for overdraft coverage. The Overdraft Privilege Service does not constitute either a written agreement of an obligation or a prearranged agreement for First Bank to pay overdrafts, and we may withdraw thisprivilege and cease paying overdrafts at any time, without prior notice of a reason or cause. First Bank may limit participation to one account with Overdraft Privilege Service based on account ownership, taxpayer identification number, or something similar. Payment of anoverdraftwillcontinueto beatthediscretionof FirstBank,andpaymentof an overdraftdoesnotobligateus topayfutureoverdrafts.
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Overdraft Privilege Service. This is a non-contractual service we provide on eligible consumer and non-consumer checking accounts for overdraft coverage. The Overdraft Privilege Service does not constitute either a written agreement of an obligation or a prearranged agreement for First Bank to pay overdrafts, and we may withdraw this privilege at any time. Payment of an overdraft will continue to be at the discretion of First Bank, and payment of an overdraft does not obligate us to pay future overdrafts.
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Overdraft Privilege Service. If you qualify for this service, we will generally approve overdrafts up to $700 for Blue Secure and Blue Secure Premier checking accounts. To be eligible, the account must be primarily used for personal and household purposes. Any and all bank fees and charges, including without limitation our Non-Sufficient Fund/Overdraft (NSF\OD) Charge, as set forth in this document; will be included in this limit. In applying for this discretionary service to your account, we consider the following: 1. Continuing to make deposits consistent with your past practices, and depositing at least $300 or more in your account within each thirty (30) day period, 2. You are not in default on any loan obligation to FIRST NATIONAL BANK OF KANSAS, and 3. Your account is not the subject of any legal or administrative order or levy. LIMITATIONS: Available only to eligible personal checking account primarily used for personal and household purposes (Business accounts, Money market accounts, and minor accounts are not eligible and we may limit the number of accounts eligible for the Overdraft Privilege* service to one account per household.
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Overdraft Privilege Service. If you have a checking account and are in good standing, you may use our Overdraft Privilege ser- vice which allows you to overdraft the account up to a set limit. To be in good standing requires that you own a checking account for at least sixty (60) calendar days, be eighteen (18) years of age or older, not caused us a loss, and do not show a negative account history. If you qualify, we may pay your overdrafts up to a set limit and assess a service charge as stated in Our Rates & Service Charges disclosure. This service will not apply to ATM transactions or to non-recurring debit card transactions unless you notify us that you would like to opt in to coverage of such transactions, in accord- ance with any notification procedures that we may require. If you use this service, we will notify you of the amount paid, including the fee per transaction, and you will have thirty (30) calendar days to reimburse us for paid checks, drafts items, EFTs and fees. For more information on this service, please contact us at 808-885- 7349.
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Overdraft Privilege Service. In our ongoing effort to provide excellent customer service, we will approve your reasonable overdrafts up to $500.00 as long as your account is in good standing*. We retain the right to do so at our discretion and not as an obligation to you. When your account qualifies for this service you will be notified in writing, at which time you may also opt into Overdraft Privilege Plus. When opting into Overdraft Privilege Plus, you can have your one-time ATM and Point-of-service (POS) purchases paid into overdraft status by the overdraft program. Once your account qualifiles for Overdraft Privilege a qualifying packet will be sent to you with the necessary information and opt-in notice to sign and return.
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Related to Overdraft Privilege Service

  • Overdraft In the event that the Custodian is directed by Proper Instructions to make any payment or transfer of funds on behalf of a Fund for which there would be, at the close of business on the date of such payment or transfer, insufficient funds held by the Custodian on behalf of such Fund, the Custodian may, in its discretion, provide an overdraft ("Overdraft") to the Fund (such Fund being referred to herein as an "Overdraft Fund"), in an amount sufficient to allow the completion of such payment or transfer. Any Overdraft provided hereunder: (a) shall be payable on the next Business Day, unless otherwise agreed by the Overdraft Fund and the Custodian; and (b) shall accrue interest from the date of the Overdraft to the date of payment in full by the Overdraft Fund at a rate agreed upon in writing, from time to time, by the Custodian and the Overdraft Fund. The Custodian and the Funds acknowledge that the purpose of such Overdrafts is to temporarily finance the purchase or sale of securities for prompt delivery in accordance with the terms hereof. The Custodian hereby agrees to notify each Overdraft Fund by 3:00 p.m., New York time, of the amount of any Overdraft. Provided that Custodian has given the notice required by this subparagraph (f), the Funds hereby agree that, as security for the Overdraft of an Overdraft Fund, the Custodian shall have a continuing lien and security interest in and to all interest of such Overdraft Fund in Securities whose purchase is financed by Custodian and which are in Custodian's possession or in the possession or control of any third party acting on Custodian's behalf and the proceeds thereof. In this regard, Custodian shall be entitled to all the rights and remedies of a pledgee under common law and a secured party under the New York Uniform Commercial Code and any other applicable laws or regulations as then in effect."

  • Overdraft Facility In the event that the Custodian is directed by Proper Instructions to make any payment or transfer of funds on behalf of the Fund for which there would be, at the close of business on the date of such payment or transfer, insufficient funds held by the Custodian on behalf of the Fund, the Custodian may, in its sole discretion, provide an overdraft (an "Overdraft") to the Fund in an amount sufficient to allow the completion of such payment. Any Overdraft provided hereunder: (a) shall be payable on the next business day, unless otherwise agreed by the Fund and the Custodian; and (b) shall accrue interest from the date of the Overdraft to the date of payment in full by the Fund at a rate agreed upon in writing, from time to time, by the Custodian and the Fund. The purpose of such Overdrafts is to temporarily finance extraordinary or emergency expenses not reasonably foreseeable by the Fund. The Custodian shall promptly notify the Fund in writing ("Overdraft Notice") of any Overdraft by facsimile transmission or in such other manner as the Fund and the Custodian may agree in writing. The Custodian shall have a right of set-off against all Assets (except for Assets held in a segregated margin account or otherwise pledged in connection with options or futures contracts held for the benefit of the Fund and for Assets allocated to any other Overdraft or loan made hereunder); provided, however, the Custodian shall promptly notify the Fund in writing of any intent to exercise a right of set-off against Assets hereunder and shall not exercise any such right of set-off against Assets hereunder unless and until the Fund has failed to pay (within ten (10) days after the Fund's receipt of such notice of intent to exercise a right of set-off), any Overdraft, together with all accrued interest thereon. Notwithstanding the provisions of any applicable law, including, without limitation, the Uniform Commercial Code, the only rights or remedies which the Custodian is entitled to with respect to Overdrafts is the right of set-off granted herein.

  • Interconnection Customer Payments Not Taxable The Parties intend that all payments or property transfers made by the Interconnection Customer to the Participating TO for the installation of the Participating TO's Interconnection Facilities and the Network Upgrades shall be non-taxable, either as contributions to capital, or as a refundable advance, in accordance with the Internal Revenue Code and any applicable state income tax laws and shall not be taxable as contributions in aid of construction or otherwise under the Internal Revenue Code and any applicable state income tax laws.

  • Interconnection Customer Compensation If the CAISO requests or directs the Interconnection Customer to provide a service pursuant to Articles 9.6.3 (Payment for Reactive Power) or 13.5.1 of this LGIA, the CAISO shall compensate the Interconnection Customer in accordance with the CAISO Tariff.

  • Administration Services When a medical prescription drug is administered by infusion, the administration of the prescription drug may be covered separately from the prescription drug. See Infusion Therapy - Administration Services in the Summary of Medical Benefits for benefit limits and the amount you pay. Prescription drugs that are self-administered are not covered as a medical benefit but may be covered as a pharmacy benefit. Please see Pharmacy Prescription Drugs and Diabetic Equipment or Supplies – Pharmacy Benefits section above for additional information. For some medical prescription drugs, after the first administration, coverage may be limited to certain locations (for example, a designated outpatient or ambulatory service facility, physician’s office, or your home), provided the location is appropriate based on your medical status. For a list of medical prescription drugs that are subject to this Site of Care Program, visit our website. Preauthorization may be required to determine medical necessity as well as appropriate site of care. If we deny your request for preauthorization, or you disagree with our determination for the appropriate site of care, you can submit a medical appeal. See Appeals in Section 5 for information on how to file a medical appeal.