Disclosure of Account Information - The Golden 1 Credit Union

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46 2. You bring your account to a positive balance (not overdrawn) immediately or as soon as possible after it has been overdrawn, and in no event less than once every thirty (30) days; and 3. Your account is not the subject of any legal or administrative order or levy, such as bankruptcy or a tax lien. If you meet these requirements, and any additional requirements we may institute, we will consider, without obligation on our part, approving your reasonable overdrafts up to your assigned Courtesy Pay program limit. Generally you will be provided with up to $500.00 in overdraft negative balance protection for Free Checking, MarketRate Checking SM , and Premium Checking SM Accounts. This disclosure is an addendum to the Disclosure of Account Information governing these accounts. Our normal fees and charges, including, without limitation, our Courtesy Pay Fee (which is currently $27.50 per item as set forth in our Fee Schedule and is subject to change with notice as required by law) will be charged. This means that for each item presented for which there are insufficient funds in your account, you will currently be charged $27.50. We will charge this fee whether we approve the item for payment or not, and regardless of whether Courtesy Pay protection is available to cover the item. For example, if three items are presented on a single day for which there are insufficient funds, you will currently be charged $82.50 in fees. Other fees may apply and impact the Courtesy Pay limit, such as our Overdraft Protection (from savings or loan) Fee and Check Deposit/Payment Returned Fee. All applicable fees will be included in the $500.00 limit mentioned above. In other words, in calculating whether you have reached the $500.00 limit, we will count not only the amount overdrawn, but also all applicable fees. It’s also important that you know that transactions may not be processed in the order in which they occurred. The order in which transactions are received and processed by us can affect the total amount of fees incurred. We may refuse to pay an overdraft for you at any time, even though your account is in good standing and even though we may have previously paid overdrafts for you. This program is a courtesy extended at our discretion, and we have no obligation to pay any items drawn against insufficient funds. You will be notified by any method reasonably calculated to provide actual notice, including without limitation, notice given by first class mail to your last address shown on the credit union’s records, or by electronic transmission as permitted by
law, of any items drawn against insufficient funds paid or returned that you may have; however, we have no obligation to notify you before we pay or return any item. The amount of any overdrafts, including our fees, that you owe us shall be due and payable immediately. If there is an item drawn against insufficient funds paid by us on an account with more than one (1) owner on the signature card, each owner, and agent if applicable, drawing/ presenting the item creating the overdraft, shall be jointly and severally liable for such overdrafts including our fees. • Optional Overdraft Protection Services: We offer additional overdraft protection services that you may apply for such as Line of Credit Overdraft Protection (where your line of credit is used for overdraft protection) and Transfer Overdraft Protection (where funds from another account, such as your savings account, are used for overdraft protection). If you apply and are qualified for these optional services, we will look first to these services for overdraft protection before applying the Courtesy Pay program when your account is overdrawn. These other overdraft services may save you money on the total fees you pay us for overdraft protection. Please see the Disclosure of Account Information and the Credit Agreement and Truth-in-Lending Disclosure for more details on these plans. • Eligible Account Types: The account types that are eligible for the Courtesy Pay program are: Free Checking, MarketRate Checking SM , and Premium Checking SM Accounts. • Eligible Transaction Types: Insufficient funds transactions initiated for payment against your checking account(s) may be approved and paid by us up to your Courtesy Pay limit, including our fees, only for certain transaction types. These eligible transaction types include Checks and ACH/Electronic Items. (Your Golden 1 checks presented for cash in branches are not included transactions.) • Ineligible Accounts and Limitations: Courtesy Pay is available only for eligible checking accounts that are maintained in good standing as defined above. Savings Type Accounts, Money Market Accounts, Public Fund/Charitable Organization Accounts, Association Accounts, SmartStart Checking SM Accounts, Student Checking Accounts, New Generation Checking SM Accounts, and Golden 1 Freedom Checking SM Accounts are not eligible for this program. We 47
Page 1: Disclosure of Account Information R
Page 5 and 6: TERMS AND CONDITIONS OF YOUR ACCOUN
Page 7 and 8: accept for deposit (including items
Page 9 and 10: unless: (1) all persons creating th
Page 11 and 12: to electronic fund transfers (e.g.,
Page 13 and 14: presented without sufficient funds
Page 15 and 16: available balance, the information
Page 17 and 18: - the account balance of your savin
Page 19 and 20: Examples of the types of actions yo
Page 21 and 22: no transfers in a particular month.
Page 23 and 24: • Limited Liability for Visa® De
Page 25 and 26: notice or without notice if your ac
Page 27 and 28: If we cash a check for you that is
Page 29 and 30: Some or all of the checks that you
Page 31 and 32: y means of a preauthorized or autom
Page 33 and 34: Dividend period - For this account
Page 35 and 36: or automatic transfer, telephonic o
Page 37 and 38: at a college or university. After 5
Page 39 and 40: GOLDEN 1 FREEDOM CHECKING SM ACCOUN
Page 41 and 42: enewal if you withdraw the funds in
Page 43 and 44: You will have a grace period of sev
Page 45: Transaction limitation - We reserve
Page 49 and 50: However, rather than automatically
Page 51 and 52: • Eligible Account Types: The acc
Page 56: Operations Center P.O. Box 15966 Sa

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