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The provision defines a material revenue mechanism for the bank and establishes clear procedural conditions under which account holders incur additional charges. This sets expectations for cost allocation when account balances cannot cover presented transactions.
Under this provision, account holders are subject to assessed fees when overdrafts occur or transactions are declined for insufficient funds. The specific fee amounts and triggering conditions apply to transactions processed against the account regardless of whether the account holder authorizes each individual overdraft or NSF event.
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The provision defines a material revenue mechanism for the bank and establishes clear procedural conditions under which account holders incur additional charges. This sets expectations for cost allocation when account balances cannot cover presented transactions.
Under this provision, account holders are subject to assessed fees when overdrafts occur or transactions are declined for insufficient funds. The specific fee amounts and triggering conditions apply to transactions processed against the account regardless of whether the account holder authorizes each individual overdraft or NSF event.
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