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 three different ways:
1. Automatic transfer from savings account
2. We offer standard overdraft practices that come with your account
3. We also offer overdraft protection loans, such as an overdraft line of credit, which may be less expensive than our
standard overdraft practices. To learn more, ask us about these loans.
This notice explains our standard overdraft practices.
What are the standard overdraft practices that come with my account?
We do authorize and pay overdrafts for the following types of transactions:
- Checks and other transactions made using your checking account number
- Automatic bill payments
We do not authorize and pay overdrafts for the following types of transactions:
- ATM transactions
- Everyday debit card 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.
Under our standard overdraft practices:
- We will charge you a fee of $25 each time we pay an overdraft.
If you want us to pay overdrafts on ATM and everyday debit card transactions, complete and submit this form.
You have the right to revoke your decision at any time.