Common use of Overdraft to Line of Credit Clause in Contracts

Overdraft to Line of Credit. I understand that if I have an overdraft line of credit in conjunction with my Checking Account, then I may use that line of credit to fund any overdraft on my Checking Account including overdrafts caused by ATM or POS terminal access. I understand that I may not otherwise use my ATM Card(s) or VISA Check Card to overdraw my Share Account or Checking Account, or my Line of Credit, if applicable. However, if I do overdraw, I authorize you to cover the overdraft as follows:

Appears in 3 contracts

Sources: Account Agreement, Account Agreement, Account Agreement