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WHAT YOU NEED TO KNOW ABOUT OVERDRAFTS AND OVERDRAFT FEES

An overdraft (OD) occurs when you do not have sufficient funds in your account to cover a transaction that you authorized, but we allow the transaction to process. This brings your account into a negative balance.

For example, your transactions that are pending in your account with an effective date of today will all process at the close of business today. Your account’s current balance, otherwise known as ledger balance, at the close of the business day is the balance we use to determine if your account is overdrawn or not. The current balance does not reflect any transactions that are still pending (such as checks that have not cleared yet or electronic transactions that have been authorized but have an effective date in the future).

STANDARD OVERDRAFT PRACTICES – COURTESY PAY
As a standard practice, we DO authorize and pay overdrafts for the following types of transactions:
• Checks and other transactions using your checking account number
• Automatic bill payments
• Recurring debit card payments

As a standard practice, 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.

OVERDRAFT FEES
If a transaction is authorized and paid on your behalf by us, we will charge our standard $32.00 Overdraft Fee. On consumer accounts, we limit the number of Overdraft Fees that can be accumulated in a day to six (6). This limits maximum Overdraft Fees to $192.00 per day. This limit is not applicable for Simple Business and Business Analysis Checking accounts
.
OVERDRAFT PROTECTION PLANS
We offer the following overdraft protection plans that may be less expensive than our standard
overdraft practices and fees.
• Line of credit
• Transfer from/link to another account

To learn more about these options, please contact us for more information.

A paper copy of this disclosure can be obtained at one of our branch locations or by calling us at (866) 210-0460.