Common use of Overdraft Protection Plan Clause in Contracts

Overdraft Protection Plan. If we have approved an overdraft protection plan for you, we will honor drafts drawn on insufficient funds in your Business checking account by initiating a transfer of the necessary funds from another account of yours to your Business checking account. We will transfer funds to your Business checking account in the order you have directed. Transfers from a deposit account will be governed by this Agreement.

Appears in 2 contracts

Sources: Business Membership and Accounts Agreement, Business Membership and Accounts Agreement

Overdraft Protection Plan. If we have approved an overdraft protection plan for youyour account, we will honor drafts drawn on insufficient funds in your Business checking account by initiating a transfer of the necessary transferring funds from another account of yours to your Business checking under this Agreement or a loan account. We will transfer funds to your Business checking account in the order , as you have directed, or as required under the Credit Union’s overdraft protection policy. Transfers from a deposit account will be governed by this Agreement.The

Appears in 1 contract

Sources: Business Membership Account Agreement