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:
This notice explains our Next Day Grace overdraft service.
Your account does not come with overdraft service. Unless you have asked us to, we generally do not authorize and pay overdrafts for any transactions.
With Next Day Grace: Standard we will authorize and pay overdrafts for the following types of transactions if you ask us to:
Unless you ask us for Next Day Grace: Plus overdraft service (see below), we do not authorize and pay overdrafts for the following types of 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 or returned unpaid.
Under our Next Day Grace overdraft practices:
If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions, opt-in to Next Day Grace: Plus by logging into online banking.