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Overdraft Services and Consent Form

What is an Overdraft, and What Services Come With My Account?

An overdraft occurs when the available balance of funds in the account you have with us is inadequate to cover a check or electronic transaction (such as with your debit card or through an ATM), but we elect to pay it anyway. We can cover your overdrafts in these two different ways: 

Overdraft Transfer Protection

We offer an Overdraft Transfer Protection service that draws funds from a savings account or loan you have with us to cover all transaction types, including ATM and everyday debit card transactions. If a transfer from one of these accounts would prevent an overdraft, we will automatically transfer the money to allow your transaction to go through. This may be less expensive than our Courtesy Pay practices, explained below.

Courtesy Pay

We also offer Courtesy Pay. Courtesy Pay allows your checking account to go into a negative balance in which you replenish at your earliest convenience. This allows us to authorize and pay overdrafts on the account you have with us up to the disclosed limit for a fee in order to pay the transaction. Courtesy Pay is available as secondary coverage only if Overdraft Transfer Protection, described above, is exhausted.

What are the Standard Overdraft/Courtesy Pay Practices?

If Overdraft Transfer Protection is exhausted, we do authorize and pay overdrafts for the following types of transactions:

  • Checks and other transactions made using the checking account number
  • Automatic bill payments

Unless you ask us to, we do not authorize and pay overdrafts for the following types of transactions (see opt-in below):

  • 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 (which generally will occur because you have not authorized a transaction, exceeded the overdraft limit, or have an outstanding balance that has not been repaid).

If we do not authorize and pay an overdraft, your transaction will be declined.

What Fees Will I Be Charged?

While there is no charge to authorize us to pay your overdrafts:

  • We will charge you a fee of $3.00 each time we pay an overdraft using Overdraft Transfer Protection. Overdraft Transfer Protection will always be used first, as long as there are sufficient funds available.
  • We will charge you a fee of $8.00 each time we pay an overdraft using Courtesy Pay.
  • There is no limit on the total fees we can charge you for overdrawing the account (though generally they will be charged for each overdraft transaction we pay on the account).

What if I Want You to Authorize and Pay Overdrafts on My ATM and Everyday Debit Card Transactions?

If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions using Courtesy Pay, please complete and submit the form below to make your request. You can also call 920-499-2831 or toll-free 877-373-4023 to opt in.

Overdraft Protection Option Form
*By providing your email address, you authorize us to send you a written confirmation of your opt-in electronically rather than by U.S. Mail. Options are not effective until we send you written confirmation. ** Your option can be changed at any time by providing us with a new option form.