Common use of Overdraft Transactions Covered Clause in Contracts

Overdraft Transactions Covered. Subject to the opt-in requirement set forth above, if on any day you do not have “available” funds in your account, the following transactions, which may result in an insufficient or negative balance (“overdrafts”), may be covered under our service: checks, debit card transactions, online or other Electronic Services, ACH debits and other payments or withdrawals authorized by you, account service charges, pre-authorized drafts, and any other items that may be posted to your account. If we pay an item, we will pay the item in the order it is presented or received by us, in accordance with our normal operating procedures for such checks, items or transactions (see 11.a. above for transaction posting order). Available funds means the actual account balance less amounts you may have authorized with debit card transactions or deposits held under our Funds Availability Policy. You may view your available balance in eBanking or by calling the Credit Union.