Overdraft Protection Plan. If we have approved an overdraft protection plan for your account, we will honor drafts drawn on insufficient funds by transferring funds from another account under this Agreement or a loan account, as you have directed, or as required under the Credit Union’s overdraft protection policy until the funds are no longer available. The fee for overdraft transfers, if any, is set forth on the Rate and Fee Schedule, which may be obtained at any location, online or requested by mail. This Agreement governs all transfers, except those governed by agreements for loan accounts. You have the choice to opt in or opt out of our courtesy pay program for your everyday debit card transactions (purchases made with your debit card on a day to day basis). By opting in, you are asking Capital Credit Union to accept the everyday debit card transactions that occur when there are not enough funds in your account to cover the transaction(s). Transactions will be accepted under the courtesy pay program if you’ve been approved for this service. We reserve the right to cancel this service at any time. The fee per transaction is set forth in the Rate and Fee Schedule, which may be obtained at any location, online or requested by mail. By opting out, you are asking Capital Credit Union to reject the everyday debit card transactions that occur when there are not enough funds in your account to cover the transaction(s). Transactions will be denied at the merchant. The fee per transaction is $0. For member accounts, if you do not opt in or opt out, we will assume you do not want to opt in and you will be automatically opted out of the program for these transactions.
Appears in 3 contracts
Sources: Membership and Account Agreement, Membership and Account Agreement, Membership and Account Agreement