Common use of Overdraft Transfer Service Clause in Contracts

Overdraft Transfer Service. You may request Overdraft Transfer Service if you maintain a Credit Union checking account and a Credit Union issued Visa card. Overdraft Transfer cash advances will be made in $50 increments up to your credit limit less any outstanding balance. If the available amount is less than $50, all funds available will be transferred if these funds are sufficient to cover the item(s) in the checking account. You understand that the regular increment amount is subject to change by the Credit Union without notice. If your Visa credit card Account is 30 or more days past due, or over the approved credit limit, Overdraft Transfer Service will not be available until the Account is current. Rates and methods of computation are the same as other cash advances.