Your checking account can be linked to a Preferred Line of Credit or a Home Equity Line of Credit (collectively “Line of Credit”) product.
Each processing day after all transactions have posted to your checking account, if the available balance in the account isn’t sufficient to cover all of the transactions, a transfer is automatically made from the Line of Credit to your checking account to cover the overdraft amount.
Transfers are made in the exact amount needed to cover the overdraft.
If the Line of Credit does not have sufficient funds to cover all of the overdraft items, we will transfer the amount needed to fully cover as many of the items possible based on the posting order of each item. Any item(s) in your checking account that cannot be fully covered under this Overdraft Protection Plan will result in an overdraft, if paid, or may be returned for Non-Sufficient Funds.
We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. Even if we pay your account into overdraft, we maintain the right not to do so at any other time. If we do not authorize your transaction, it will be declined and will not be paid into overdraft. Once you have overdrawn your account, you must bring it to a positive balance as soon as possible to avoid additional fees.
Home Equity Lines of Credit cannot be used as overdraft protection in Texas.
Normal credit criteria apply. Call or visit your local branch for details.
1Under our Standard Overdraft Services:
We will charge you a fee of up to $36.00 each time we pay an overdraft.
We will assess no more than 5 overdraft fees per account per day (Daily Limit). Please note that the Sustained Overdraft Fee discussed below does not count as an overdraft fee subject to the Daily Limit. NSF fees are subject to this same Daily Limit so that you will not be assessed more than 5 overdraft and NSF fees (individually or in combination) per account per day.
No overdraft fee will be imposed if, after the end of day processing, your available balance is overdrawn $5.00 or less. However, if after the end of day processing, your available balance is overdrawn by more than $5.00, you will be charged an overdraft fee for each overdraft for that day subject to the Daily Limit.
No overdraft fee will be imposed on any overdraft item of $5.00 or less.
2For each time that your account remains overdrawn for at least nine (9) consecutive calendar days, you agree to pay one Sustained Overdraft Fee of $36.00. Please note that we count as the first of the nine consecutive calendar days, the day on which we post the items which create the overdraft in your account, regardless of whether we have provided you with notice of the overdraft(s). This fee is separate from and may be charged in addition to the Daily Limit of 5 overdraft and/or non-sufficient funds (NSF) fees. We will not charge this fee if you pay us the total amount of the overdrawn balance on the ninth (9th) calendar day or the next banking day, if the 9th calendar day falls on a weekend or federal holiday that is not a banking day. We will also not charge this fee if:
• Your account is overdrawn by $5.00 or less on the day on which we would otherwise charge it, or
• You have not opted-in to the payment of ATM and everyday debit card (point of sale) transactions and the amount overdrawn only includes amounts from ATM and point of sale transactions presented and paid against insufficient funds, or
• The amount overdrawn only includes bank fees and/or service charges.