Common use of Overdraft Transfer Service Clause in Contracts

Overdraft Transfer Service. With this service, you authorize us to make transfers of available funds automatically from your designated “linked” account to cover overdrafts in your checking account. You can designate your choice of “linked” account(s) below. Transfers from your designated linked account are made in the exact amount of the overdraft. You must request to enroll in this service. Each transfer is subject to an Overdraft Transfer Fee, as set forth in your Schedule of Fees and Charges. If you decline to utilize any of the optional overdraft protection plans and you are not eligible for our Courtesy Pay Program, and there are insufficient funds in your checking account to pay an item, your items will not be paid, they will be returned, and an NSF Fee will be charged for each item returned. Transfers will appear on your periodic statements for each applicable account.

Overdraft Transfer Service. With this service, you authorize us to make transfers of available funds automatically from your designated “linked” account to cover overdrafts in your checking account. You can designate your choice of “linked” account(s) below. Transfers from your designated linked account are made in the exact amount of the overdraft. You must request to enroll in this service. Each transfer is subject to an Overdraft Transfer Fee, as set forth in your Schedule of Fees and Charges. If you decline to utilize any of the optional overdraft protection plans and you are not eligible for our Courtesy Pay Program, and there are insufficient insufcient funds in your checking account to pay an item, your items will not be paid, they will be returned, and an NSF Fee will be charged for each item returned. Transfers will appear on your periodic statements for each applicable account.