Common use of Overdraft Protection Transfers Clause in Contracts

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.

Appears in 2 contracts

Sources: Business Account Agreement, Account Agreement