Sentences with phrase «to pay an overdraft»

"To pay an overdraft" means to cover or settle a negative balance in a bank account. It refers to adding sufficient funds into the account to offset the amount that exceeded the available balance, potentially avoiding any penalties or consequences. Full definition
You have to pay an overdraft fee for any charges that cause your account to go into the negative.
If we do not pay an overdraft, your transaction will be declined and not paid.
There is a per transfer fee, but it can save you from paying an overdraft fee.
We reserve the right to require you to pay any overdraft immediately or upon demand.
Keep the balances in the positive Pay all overdraft fees as soon as possible.
The best part is that there is no fee for an overdraft transfer, so it's a huge savings over paying the overdraft fee.
And then I get paid and a good chunk of the salary just goes to paying the overdraft line back.
Members could pay overdraft service fees if their balances are zero, lines - of - credit limits are reached, and they have opted to receive overdraft services.
We can change our practice of paying overdrafts on your account without notice to you.
Nusenda Credit Union pays overdrafts at our discretion and reserves the right not to pay.
The bank typically does not pay overdrafts if your account is not in good standing, for example, you are not making regular deposits or you do not bring your account to a positive balance.
Note: Shell FCU will not authorize and pay overdrafts for ATM and one - time debit card transactions without an opt - in authorization and prior to a confirmation notice being sent.
Courtesy Pay limits - $ 400 to $ 10,000 Utah First will pay overdraft items on behalf of all business checking types up to a predetermined amount.
To protect you from the unexpected, short - term, or seasonal cash need, as well as your business» credit standing, Webster can pay overdrafts up to pre-approved credit limits from $ 1,000 to $ 100,000.
To avoid paying overdraft interest on your account you are required to hold sufficient cash collateral ensuring a positive Net Free Equity Balance.
Following these tips for avoiding overdrafts will keep you out of that 25 % of banking customers paying overdraft charges.
If you have most of the money needed for your mortgage payment, it might be less risk to pay an overdraft charge once than to float your entire mortgage payment on an interest - charging credit card.
If you receive a direct deposit of your monthly Social Security payment into your checking account or for any other reason do not want Courtesy Pay eligibility, you must advise us to stop us from paying your overdrafts with these funds; you must advise us of your decision to opt - out in writing.
Payment of your overdraft items is at our discretion and we reserve the right not to pay even though we may have previously paid overdrafts for you.
An Overdraft Item Fee is charged when you write a check or make a withdrawal for an amount that is more than the balance in your checking or savings account and the bank pays the overdraft item.
A Millennial Mom's Guide to Bank Accounts — 10 Tips I was reading an article recently and was shocked to learn that 45 % of Americans pay overdraft or other fees on a monthly basis to their...
If you receive a direct deposit of your monthly Social Security payment into your checking account and do not want ESL Courtesy Pay, you must inform us in writing to stop paying your overdrafts with these funds.
If you're one of the Americans that pay the banks $ 12 billion (with a b) in overdraft fees every year, you don't have to worry about paying an overdraft fee again because Debx only withdraws payments when there's a sufficient checking account balance.
Tower pays overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.
A Christmas Cash Advance can take the place of either of those solutions — shorting your budget and possibly paying overdraft fees, or paying the accrued interest on credit card debt that hangs around for months or even years.
Transfers will first be made from the primary share account, provided there are enough available funds in that account, then from the line of credit (if applicable) up to the available credit limit, and then we may elect to pay the overdraft subject to any preference indicated to us by the member.
More than three - quarters of the people who paid an overdraft penalty express concern about specific overdraft policies, including the high cost of a penalty and the practices of charging «extended» overdraft fees — additional charges for failing to repay a negative balance on time — and of reordering withdrawals from highest to lowest dollar amount, which have the effect of increasing overdraft fees.
You can ask us if we have other account services that might be available to you where we commit to paying overdrafts under certain circumstances, such as an overdraft protection line - of - credit or a plan to sweep funds from another account you have with us.
With Overdraft Privilege, we will generally pay your overdraft items when paying them would not cause your available balance to go more than $ 500.00 into the negative.
If you have established other overdraft protection methods, such as a line of credit or automatic transfer from your other accounts, we will always loo k to pay any overdraft by those other methods first before paying y our overdraft utilizing Courtesy Pay and imposing a Courtesy Pay fee for each overdraft we pay.
Any deposits to the account will automatically be applied to your overdraft balance with repayment expected immediately; depending on the situation, you may have up to 30 days to pay any overdraft balances
What fees will be charged if Bank of Hawaii pays an overdraft?
For example, we typically do not pay overdrafts if your account is not in good standing, if you are not making regular deposits, or if you use the service irresponsibly.
Harborstone will pay overdrafts at our discretion, which means we do not guarantee we will always authorize and pay any type of transaction.
For example, we typically do not pay overdrafts if your account is not in good standing, or you are not making regular deposits, you have not paid back previous overdrafts on a timely basis or you have too many overdrafts.
We will not authorize and pay overdrafts for ATM and everyday debit card transactions without your consent.
If you want to authorize and pay overdrafts on ATM and everyday debit card transactions, you may enroll by completing one of the following options:
Although the bank allows its customers to avoid paying overdraft fees, it charges interest on the amount floated to them.
The Senate Banking Committee assailed Wells Fargo CEO John Stumpf for pushing employees to create as many as 2 million bogus bank and credit card accounts without customer consent — making customers pay overdraft and late fees on accounts they never knew they had.
** We will make reasonable efforts to pay overdraft items if your account is in «good standing.»
We reserve the right to require you to pay overdrafts immediately.
However, payment of your overdraft items is at our discretion and we reserve the right not to pay even though we may have previously paid overdrafts for you.
You don't pay an overdraft fee, but there's a $ 12.50 charge that applies every time there's a transfer.
Digit promises to pay the overdraft fee if it ever overdraws your account.
A new report published last week by the Pew Charitable Trusts states that while consumers often turn to payday lenders in order to avoid writing bad checks or getting hit with overdraft fees, in many cases customers wind up paying overdraft and payday loan fees.
Banks typically offer a few different choices and the plan you choose determines whether you end up paying overdraft fees.
Now you have to pay an overdraft fee.
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