How does LOC affect automatic overdraft transfers from savings to share draft (checking)?
Available funds from LOC will be used first, and then any funds in savings, should that become necessary. Remember, if you have not made your monthly payment, the LOC may be blocked. Automatic transfers from savings to cover drafts written on an account without sufficient funds are accompanied by a $5 charge. Transfers are from base savings (A) only.
Related Questions
- What happens if I have the overdraft protection from my Regular Savings and I overdraw my checking balance but no funds are available in my Regular Savings to cover the clearing check(s)?
- How many transfers per statement cycle can I make from my Passbook Savings, Statement Savings or Money Market Checking accounts?
- How many automatic transfers from savings to checking am I allowed per month? Am I charged a fee?
