Overdraft Protection Transfers Clause Samples

The Overdraft Protection Transfers clause establishes a mechanism by which funds are automatically moved from a linked account to cover transactions that would otherwise result in an overdraft. Typically, this involves transferring money from a savings account or a line of credit to a checking account when the balance is insufficient to cover a payment or withdrawal. This clause helps prevent declined transactions and associated overdraft fees, providing account holders with a safety net against accidental overspending.
Overdraft Protection Transfers. You may enroll and authorize us to make transfers of available funds automatically from your eligible Savings or other Share Account to cover overdrafts in your checking account. Transfers from your Savings Account are made in the exact amount of the overdraft. Each transfer counts as one of the six (6) limited transactions you are allowed each month from your Savings Account. 6. If you do not have sufficient available credit on your Overdraft Line of Credit or the funds in your Savings Account are not sufficient to pay the overdraft on your checking account, then the item causing the overdraft will be returned or the transaction denied. If you decline to utilize any of the optional overdraft protection plans, and there are insufficient available funds in your checking account to pay an item, your items will not be paid, they will be returned. Transfers will appear on your periodic statements for each applicable account.
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Overdraft Protection Transfers a. When items such as checks or debits are received and the Client's specified deposit account(s) do(es) not have sufficient funds to cover said items, WesBanco will automatically transfer any available credit from the Client’s Credit Line to the Client’s deposit account in any amount required up to the maximum amount available on Client’s line of credit identified on the Order Form to ensure payment of checks or debits which would otherwise overdraw the above referenced deposit account(s) or be returned for non-sufficient funds. b. WesBanco will provide monthly statements for both the Credit Line and the deposit account(s) that will detail all transactions/transfers between the accounts. c. The Client authorizes ▇▇▇▇▇▇▇▇ to transfer from the Credit Line to the specified Account(s) above amounts sufficient to cover miscellaneous debits presented on the Account(s) as well as to maintain a Threshold Balance specified in the Order Form in the Account. d. The Client is advised and realizes the Credit Line will transfer available credit to the specified account(s) regardless of whether the amount of the advance is sufficient to pay your overdraft(s). e. The ability to access the Credit Line as specified by Line of Credit Procedure Agreement remains in place without modification.
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Overdraft Protection Transfers. You may authorize all checks from your checking account(s) to be cleared pursuant to a written “Checking Account Overdraft Transfer Authorization” which you must execute. If overdrafts are to be covered by a transfer of funds from your savings or money market account(s), such transfer(s) will generally be made only if there are sufficient clear funds on deposit at the time of transfer. You agree that overdrafts, if paid in excess of funds in any savings or money market account or available from any loan account, are payable on demand. Any items returned unpaid because of insufficient clear funds or paid without sufficient clear funds in your checking account and overdraft source(s) will be subject to nonsufficient fund (NSF) fees.
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Overdraft Protection Transfers. You may enroll and authorize us to make transfers of available funds automatically from your eligible Savings or other Share Account to cover overdrafts in your checking account. Transfers from your Savings Account are made in the exact amount of the overdraft. Each transfer counts as one of the six (6) limited transactions you are allowed each month from your Savings Account.
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Overdraft Protection Transfers. Transfers to and from your accounts for Overdraft Protection are also subject to these terms. Report a lost or stolen Card immediately - You must notify us immedi- ately if your Card is lost or stolen, or if you discover any other error. Protect your Card as you would a credit card or cash. ATM and Debit Cards can be used at participating Merchants to:
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Related to Overdraft Protection Transfers

  • Application of Takeover Protections; Rights Agreement The Company and its board of directors have taken all necessary action, if any, in order to render inapplicable any control share acquisition, interested stockholder, business combination, poison pill (including, without limitation, any distribution under a rights agreement), stockholder rights plan or other similar anti-takeover provision under the Certificate of Incorporation, Bylaws or other organizational documents or the laws of the jurisdiction of its incorporation or otherwise which is or could become applicable to any Buyer as a result of the transactions contemplated by this Agreement, including, without limitation, the Company’s issuance of the Securities and any Buyer’s ownership of the Securities. The Company and its board of directors have taken all necessary action, if any, in order to render inapplicable any stockholder rights plan or similar arrangement relating to accumulations of beneficial ownership of shares of Common Stock or a change in control of the Company or any of its Subsidiaries.

  • CREDIT UNION LIABILITY FOR FAILURE TO MAKE TRANSFERS If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we may be liable for your losses or damages. However, we will not be liable for direct or consequential damages in the following events: