1 Charges for each overdraft presented against your account do not obligate AllSouth to pay an overdraft, nor is AllSouth obligated to provide prior written notice of the decision to refuse payment of an overdraft.
2 AllSouth is not obligated to cover any items, defined as checks, ATM withdrawals, point of sale (POS) or debit card transactions, preauthorized debits, automated clearing house (ACH), or any other electronic transactions, presented for payment if, on any day, the available funds in your Savings account or other linked accounts are not sufficient to pay the full amount of the item.
3 When using Overdraft Transfer from a Line of Credit, it is treated just like any other draw on the Line of Credit and is subject to any Line of Credit fees plus interest.
4 When an account has insufficient funds, a fee is charged for every non-sufficient fund item presented, whether the item is paid or returned. Eligibility for Overdraft Privilege is based on criteria established by AllSouth. These criteria may be revised from time-to-time by us without notice to you. We will continually evaluate your account activity based on this criteria to determine whether we are able to continue to honor items that may cause an overdraft situation on your account. The Overdraft Privilege discretionary service is automatically applied to qualifying accounts. If you prefer that AllSouth not honor any items when there are not enough available funds in your account, you or another account owner may opt-out of the Overdraft Privilege discretionary service by contacting AllSouth and expressing this preference. You are fully aware that without this discretionary service or some other form of overdraft protection (such as the Overdraft Transfer from your Savings Account or Overdraft Transfer from Line of Credit services), any items presented that overdraft the account may be returned unpaid with the applicable non-sufficient fund fee charged to the account for each item presented. The Consumer Membership Agreement prescribes the duties, obligations, and rights of the account owner, as well as the authorized signers and AllSouth with regard to the account.
5 This protection is not automatic, you must opt-in to this service. If you choose to opt-in, and you withdraw more money than is shown in your Available Balance, we will strive to pay those everyday debit card purchases and ATM transactions. If we cover an overdraft for you, your account will be charged a fee per overdraft. If you do not opt-in, the transactions will be denied/declined.