Common use of Repeated OverdraWs Clause in Contracts

Repeated OverdraWs. If a member’s account, or combination of accounts, has been repeatedly overdrawn, the check hold schedule will not apply for a period of six (6) months after the last such overdraft. An account is considered “repeatedly overdrawn” if in six (6) or more banking days

Appears in 3 contracts

Sources: Membership & Account Agreement, Membership & Account Agreement, Membership & Account Agreement