What exactly is Overdraft Privilege?
Your Overdraft Privilege restriction can be designed for checks as well as other deals made using your bank checking account quantity or automatic bill re payment and recurring debit card payment. Additionally, at your demand, we might authorize and spend ATM transfers or withdrawals and debit that is everyday acquisitions utilizing your limitation. Complete pamphlet can be acquired for down load.
So how exactly does Overdraft Privilege work?
Our company is maybe maybe not obligated to pay almost everything presented for re re re payment in the event your account will not include enough funds; nonetheless, so long as you keep your account in “good standing, ” we might accept your overdraft products in your present available Overdraft Privilege limitation as a non-contractual courtesy.
For overdraft privilege consideration, your account is with in “good standing” if your
- Make adequate deposits to create your account to an optimistic balance that is end-of-day least when every 30 calendar times (such as the re re payment of most bank charges and charges);
- Avoid exorbitant overdrafts suggesting the application of Overdraft Privilege as a consistent credit line; and
- There are not any appropriate requests, levies or liens against your account. Continue reading