UMB Credit Card Overdraft Protection Sample Clauses

UMB Credit Card Overdraft Protection. If you have applied for, and we have approved you for, our UMB Credit Card Overdraft Protection service, the maximum dollar amount of overdraft coverage will be your unused credit limit for cash advances from the UMB Credit Card that you designated to provide your overdraft coverage. If we advance funds from your designated UMB Credit Card to cover your overdraft(s), then a service fee (as specified in our Schedule of Service Fees and Charges) will be charged to your designated UMB Credit Card. Funds advanced from your UMB Credit Card will be subject to finance charges, and other fees and charges also may apply, as provided in your designated UMB Credit Card account agreement. The UMB Credit Card Overdraft Protection service also is subject to separate terms and conditions we provide to you, including minimum advance requirements. If you are enrolled in our Debit Card Overdraft Authorization and Enrollment service, you cannot also obtain overdraft coverage under the UMB Credit Card Overdraft Protection service. If you are enrolled in our UMB Credit Card Overdraft Protection service and there is insufficient overdraft coverage available under that service to cover the amount of an overdraft, then we have the right to either (i) decline to pay the item that would create the overdraft and return it unpaid or (ii) pay the item by advancing any funds available under credit limit for cash advances from your designated UMB Credit Card to your account and create an overdraft. If we decline to pay the item, we will assess and debit an insufficient funds charge (as specified in our Schedule of Service Fees and Charges) against your account unless the item is a “one-time” (“everyday”) debit card transaction. If we elect to pay the item, (a) the advance of funds available under your UMB Credit Card will be subject to a service fee (as specified in our Schedule of Service Fees and Charges) and (b) we also will assess and debit an overdraft charge (as specified in our Schedule of Service Fees and Charges) against your account unless the item creating the overdraft is a “one-time” (“everyday”) debit card transaction.
View SourceView Similar (4)
UMB Credit Card Overdraft Protection. The UMB Credit Card Overdraft Protection service is subject to separate terms and conditions we provide to you and may include minimum advance requirements. If we advance funds from your designated UMB Credit Card to cover your overdraft(s), then a service fee (as specified in our Schedule of Service Fees and Charges) will be charged to your designated UMB Credit Card. Funds advanced from your UMB Credit Card will be subject to finance charges and other fees and charges as provided in your designated UMB Credit Card account agreement. If you are enrolled in our Debit Card Overdraft Authorization service for a given account, you cannot also obtain overdraft coverage under the UMB Credit Card Overdraft Protection service for the same account. For more information about this service please see your UMB Credit Card Overdraft Protection Agreement or contact a Retail Branch Associate. For information about Overdraft Protection Services available for Commercial Banking accountholders, please contact your Relationship Manager or call the Commercial Banking phone number listed in the How to Contact Us section of this Agreement.
View SourceView Similar (2)
UMB Credit Card Overdraft Protection. The UMB Credit Card Overdraft Protection service is subject to separate terms and conditions we provide to you and may include minimum advance requirements. If we advance funds from your designated UMB Credit Card to cover your overdraft(s), then a service fee (as specified in our Schedule of Service Fees and Charges) will be charged to your designated UMB Credit Card. Funds advanced from your UMB Credit Card will be subject to finance charges and other fees and charges as provided in your designated UMB Credit Card account agreement. For more information about this service please see your UMB Credit Card Overdraft Protection Agreement or contact a Retail Branch Associate. In addition to all of the rights we have under this Agreement, under any of the separate terms and conditions governing any Overdraft Protection Service, or at law or in equity, we reserve the right to terminate your Overdraft Protection Service, in our sole discretion.
View Source

Related to UMB Credit Card Overdraft Protection

  • OVERDRAFT PROTECTION To the extent permitted by law, You authorize Us to transfer funds from other Accounts You may have with Us in necessary multiples (or in such increments as We may from time to time determine) to Your Account to cover any overdraft. If You have a line of credit with Us, transfers will be made first from Your primary share Account, provided You have enough available funds in that Account, then from Your line of credit up to Your available credit limit, and then We may elect to pay such overdraft, subject to any preference You have indicated to Us for clearing any overdraft(s). Overdraft transfers are subject to a transfer fee. You hold Us harmless from any and all liability which might otherwise exist if a transfer does not occur.

  • Deposit Accounts; Credit Card Arrangements (a) Annexed hereto as Schedule 5.21(a) is a list of all DDAs maintained by the Loan Parties as of the Closing Date, which Schedule includes, with respect to each DDA (i) the name and address of the depository; (ii) the account number(s) maintained with such depository; (iii) a contact person at such depository, and (iv) the identification of each Blocked Account Bank. (b) Annexed hereto as Schedule 5.21(b) is a list describing all arrangements as of the Closing Date to which any Loan Party is a party with respect to the processing and/or payment to such Loan Party of the proceeds of any credit card charges and debit card charges for sales made by such Loan Party.

  • Overdraft Facility In the event that the Custodian is directed by Proper Instructions to make any payment or transfer of funds on behalf of the Fund for which there would be, at the close of business on the date of such payment or transfer, insufficient funds held by the Custodian on behalf of the Fund, the Custodian may, in its sole discretion, provide an overdraft (an "Overdraft") to the Fund in an amount sufficient to allow the completion of such payment. Any Overdraft provided hereunder: (a) shall be payable on the next business day, unless otherwise agreed by the Fund and the Custodian; and (b) shall accrue interest from the date of the Overdraft to the date of payment in full by the Fund at a rate agreed upon in writing, from time to time, by the Custodian and the Fund. The purpose of such Overdrafts is to temporarily finance extraordinary or emergency expenses not reasonably foreseeable by the Fund. The Custodian shall promptly notify the Fund in writing ("Overdraft Notice") of any Overdraft by facsimile transmission or in such other manner as the Fund and the Custodian may agree in writing. The Custodian shall have a right of set-off against all Assets (except for Assets held in a segregated margin account or otherwise pledged in connection with options or futures contracts held for the benefit of the Fund and for Assets allocated to any other Overdraft or loan made hereunder); provided, however, the Custodian shall promptly notify the Fund in writing of any intent to exercise a right of set-off against Assets hereunder and shall not exercise any such right of set-off against Assets hereunder unless and until the Fund has failed to pay (within ten (10) days after the Fund's receipt of such notice of intent to exercise a right of set-off), any Overdraft, together with all accrued interest thereon. Notwithstanding the provisions of any applicable law, including, without limitation, the Uniform Commercial Code, the only rights or remedies which the Custodian is entitled to with respect to Overdrafts is the right of set-off granted herein.

  • Overdraft In the event that the Custodian is directed by Proper Instructions to make any payment or transfer of funds on behalf of a Fund for which there would be, at the close of business on the date of such payment or transfer, insufficient funds held by the Custodian on behalf of such Fund, the Custodian may, in its discretion, provide an overdraft ("Overdraft") to the Fund (such Fund being referred to herein as an "Overdraft Fund"), in an amount sufficient to allow the completion of such payment or transfer. Any Overdraft provided hereunder: (a) shall be payable on the next Business Day, unless otherwise agreed by the Overdraft Fund and the Custodian; and (b) shall accrue interest from the date of the Overdraft to the date of payment in full by the Overdraft Fund at a rate agreed upon in writing, from time to time, by the Custodian and the Overdraft Fund. The Custodian and the Funds acknowledge that the purpose of such Overdrafts is to temporarily finance the purchase or sale of securities for prompt delivery in accordance with the terms hereof. The Custodian hereby agrees to notify each Overdraft Fund by 3:00 p.m., New York time, of the amount of any Overdraft. Provided that Custodian has given the notice required by this subparagraph (f), the Funds hereby agree that, as security for the Overdraft of an Overdraft Fund, the Custodian shall have a continuing lien and security interest in and to all interest of such Overdraft Fund in Securities whose purchase is financed by Custodian and which are in Custodian's possession or in the possession or control of any third party acting on Custodian's behalf and the proceeds thereof. In this regard, Custodian shall be entitled to all the rights and remedies of a pledgee under common law and a secured party under the New York Uniform Commercial Code and any other applicable laws or regulations as then in effect."

  • Credit Cards About 60% of first-year students reported they have at least one credit card, although just 15% have two or more cards. Among those students who have credit cards, about 88% reported they pay off their balance each month and, as such, their current credit card balance is zero; however, when asked what their current credit card balance is, just 7% said it is zero. Among those with an unpaid balance, the average credit card debt students have is $1,549. Group 1 students tend to carry a higher balance on their credit cards than Group 2 and Group 3 students. None 40% 42% 45% 32% 43% One 45% 42% 42% 50% 45% Two 7% 6% 6% 8% 3% Three or more 8% 10% 7% 9% 9% Average number 1.8 2.8 1.2 2.2 1.2 Yes 88% 83% 88% 89% 80% Zero 7% 2% 14% 2% - $500 or less 83% 83% 79% 87% 82% $501 to $1,000 5% 7% 4% 6% 9% Over $1,000 5% 8% 4% 6% 9% Average (all with credit card) $487 $652 $352 $564 $385 Average (those with unpaid balance) $1,549 $1,954 $1,249 $1,648 $974 * Total credit card balance and payment of the balance were asked of those who had at least one credit card.