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 do authorize and pay overdrafts for the following types of transactions:
We will not authorize and pay certain overdrafts unless you ask us to by opting in (see form below).
We pay overdrafts at our discretion, which means we do not guarantee we will always authorize and pay any type of transaction. If we do not authorize and pay an ATM/Debit overdraft, your transaction will be declined.
Under our standard overdraft practices:
If your account is overdrawn, you should bring it current as soon as possible. Overdrawn accounts are subject to a sustained overdraft fee described in our retail fee schedule of $5.00 per day after the 5th day overdrawn. Overdrawn accounts are also subject to account closure for mishandling. If the bank closes an account with a negative balance, you are still responsible for that negative balance.
If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, please do one of the following:
You may change your overdraft protection designation for your account(s) at any time.