Consent Form for Overdraft Services
An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in two different ways:
- We have standard overdraft practices that come with your account.
- We also offer overdraft protection plans, such as a link to another account you have with us or a line of credit, which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans.
This notice explains our standard overdraft practices.
We do authorize and pay overdrafts for the following types of transactions:
- Checks, in-person withdrawals, ACH transactions, pre-authorized automatic transfers
- Automatic bill payments, internet banking transfers, telephone banking transactions
- Recurring CheckCard transactions
We do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):
- ATM transactions
- Everyday CheckCard transactions
We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of
transaction. If we do not authorize and pay an overdraft, your transaction will be declined. Example circumstances of where we may not pay an overdraft include but are not limited to:
- Account is not in good standing
- Deposit activity
- There are holds on the account balance or a portion of it
- There is a history of repeat overdrafts.
If we pay an item that overdraws your account, you agree to pay the amount of the overdraft together with any fee and accrued interest immediately upon demand at our office, whether you signed or requested the withdrawal or participated in the transaction creating the overdraft or received any benefit from the withdrawal creating the overdraft.
Under our standard overdraft practices:
- We will charge you an Overdraft/NSF fee of up to $35 each time we pay an overdraft.
- We will not charge a checking account participating in the Overdraft Privilege Program an Overdraft/NSF fee for transactions that overdraw an account by an aggregate amount of $10 or less.
- There is a limit of five (5) per item overdraft fees we will charge you for overdrawing your account on any business day.
- Also, if your business account is overdrawn five or more consecutive business days, we will charge an additional fee.
If you also want us to authorize and pay overdrafts on ATM and everyday CheckCard transactions, complete the form below or call 877-578-1670.