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Personal Overdraft Privilege |
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POP Brochure
It is the policy of the Bank to comply with applicable laws and regulations, and to conduct business in accordance with applicable safety and soundness standards.
Our normal insufficient funds or overdraft charges of $36.00 will apply to each item that would create an overdraft on your account. Should your account become overdrawn and continue with a negative balance for seven consecutive calendar days, a Continuous Overdraft Fee of $36.00 will be charged. Thereafter, if your account continues to maintain a negative balance, a Recurring Overdraft Fee of $15.00 will be assessed every seventh consecutive calendar day. An insufficient funds (overdraft/negative) balance may result from: checks, ATM withdrawals, debit card transactions, pre-authorized automatic debits, telephone-initiated transfers, or other electronic transfers, payments authorized by you, the return unpaid of items deposited by you, the imposition of bank service charges or the deposit of items which according to the Bank's Funds Availability Policy are treated as not yet "available" or finally paid. This may result in more than one overdraft fee charged against the account per day. Of course, we are not promising to pay your overdrafts, (not all accounts are eligible, and some restrictions do apply.)
We are not obligated to pay any item presented for payment if your account does not contain sufficient collected funds. Rather than automatically returning any unpaid or any insufficient funds items that you may have, if your eligible account (primarily used for personal and household purposes) has been open for at least thirty (30) days and thereafter you maintain your account in good standing, which includes at least: A) Continuing to make deposits consistent with your past practices, and depositing at least $300 or more in your account within each thirty (30) day period; B) You are not in default on any loan obligation to the Bank; and C) Your account is not the subject of any legal or administrative order or levy, we will consider - as a discretionary courtesy or service**and not a right of yours nor an obligation on our part - approving your reasonable overdrafts. This discretionary service** will generally be limited to a $500 overdraft (negative) balance for FREE Checking accounts, a $500 overdraft (negative) balance for other eligible personal checking accounts, or a $700 overdraft (negative) balance for eligible personal checking accounts with direct deposit. Of course, fees charged for covering overdrafts, as well as the amount of the overdraft item, will be subtracted from any Overdraft Privilege limit disclosed.
We may refuse to pay an overdraft for you at any time, even though your account is in good standing and even though we may have previously paid overdrafts for you. You will be notified by mail of any insufficient funds items paid or returned that you may have, however, we have no obligation to notify you before we pay or return any item. The amount of any overdrafts plus our insufficient funds and/or overdraft charge(s) that you owe us shall be due and payable on demand. If there is an overdraft paid by us on an account with more than one (1) owner on the signature card, each owner, and agent if applicable, drawing/presenting the item creating the overdraft, shall be jointly and severally liable for such overdrafts plus our insufficient funds and/or overdraft charge(s), and/or Continuous Overdraft Fee, and/or Recurring Overdraft Fee.
For each transaction type, when initiated, are included in the ways in which your overdraft privilege may be assessed. Since it is not feasible for us to allow you to choose only certain transaction types to access your overdraft privilege limit, you have the option of declining this program. If you have any questions or if you wish to decline this great service please call us or visit one of our convenient locations.
(B.O.P.) Business Overdraft Privilege
It is the policy of the Bank to comply with applicable laws and regulations, and to conduct business in accordance with applicable safety and soundness standards.
Our normal insufficient funds or overdraft charges of $36.00 will apply to each item that would create an overdraft on your account. Should your account become overdrawn and continue with a negative balance for seven consecutive calendar days, a Continuous Overdraft Fee of $36.00 will be charged. Thereafter, if your account continues to maintain a negative balance, a Recurring Overdraft Fee of $15.00 will be assessed every seventh consecutive calendar day. An insufficient funds (overdraft/negative) balance may result from: checks, ATM withdrawals, debit card transactions, pre-authorized automatic debits, telephone-initiated transfers, or other electronic transfers, payments authorized by you, the return unpaid of items deposited by you, the imposition of bank service charges or the deposit of items which according to the Bank's Funds Availability Policy are treated as not yet "available" or finally paid. This may result in more than one overdraft fee charged against the account per day. Of course, we are not promising to pay your overdrafts, (not all accounts are eligible, and some restrictions do apply.)
We are not obligated to pay any item presented for payment if your account does not contain sufficient collected funds. Rather than automatically returning any unpaid or any insufficient funds items that you may have, if your eligible account (primarily used for personal and household purposes) has been open for at least thirty (30) days and thereafter you maintain your account in good standing, which includes at least: A) Continuing to make deposits consistent with your past practices, and depositing at least $300 or more in your account within each thirty (30) day period; B) You are not in default on any loan obligation to the Bank; and C) Your account is not the subject of any legal or administrative order or levy, we will consider - as a discretionary courtesy or service**and not a right of yours nor an obligation on our part - approving your reasonable overdrafts. This discretionary service** will generally be limited to a $500 overdraft (negative) balance for FREE Small Business Checking accounts. Of course, fees charged for covering overdrafts, as well as the amount of the overdraft item, will be subtracted from any Overdraft Privilege limit disclosed.
We may refuse to pay an overdraft for you at any time, even though your account is in good standing and even though we may have previously paid overdrafts for you. You will be notified by mail of any insufficient funds items paid or returned that you may have, however, we have no obligation to notify you before we pay or return any item. The amount of any overdrafts plus our insufficient funds and/or overdraft charge(s) that you owe us shall be due and payable on demand. If there is an overdraft paid by us on an account with more than one (1) owner on the signature card, each owner, and agent if applicable, drawing/presenting the item creating the overdraft, shall be jointly and severally liable for such overdrafts plus our insufficient funds and/or overdraft charge(s), and/or Continuous Overdraft Fee, and/or Recurring Overdraft Fee.
For each transaction type, when initiated, are included in the ways in which your overdraft privilege may be assessed. Since it is not feasible for us to allow you to choose only certain transaction types to access your overdraft privilege limit, you have the option of declining this program. If you have any questions or if you wish to decline this great service please call us or visit one of our convenient locations.
Feel free to give us a call at 1-800-658-1637
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