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.
Appears in 2 contracts
Sources: Account Agreement and Disclosure, Account Agreement