Common use of Transfers to Cover Overdrafts Clause in Contracts

Transfers to Cover Overdrafts. You understand and agree that we have the right to transfer available funds to your checking account from any of your other accounts with us (excluding IRAs and certificate accounts), including accounts upon which you are a joint owner, in an amount equal to the overdraft and related fees. In addition to any other rights we have, you agree that any deposits or future deposits in or other credits to any account in which you may now or in the future may have an interest are subject to our right of setoff for any liabilities, obligations or other amounts owed to us by you (e.g. overdrafts and any related fees). Moreover, unless you opt out of the Service (see below), you consent and expressly agree that the application of setoff of funds in any account includes the setoff of government benefits (such as Social Security and other public benefit funds) deposited to the account from which the overdraft or related fees are paid to the maximum extent permitted by applicable law.

Transfers to Cover Overdrafts. You understand and agree that we have the right to transfer available funds to your checking account from any of your other accounts with us (excluding IRAs and certificate accounts), including accounts upon which you are a joint owner, in an amount equal to the overdraft and related fees. In addition to any other rights we have, you agree that any deposits or future deposits in or other credits to any account in which you may now or in the future may have an interest are subject to our right of setoff for any liabilities, obligations or other amounts owed to us by you (e.g. e.g., overdrafts and any related fees). Moreover, unless you opt out of the Service (see below), you consent and expressly agree that the application of setoff of funds in any account includes the setoff of government benefits (such as Social Security and other public benefit funds) deposited to the account from which the overdraft or related fees are paid to the maximum extent permitted by applicable law.