Personal Overdraft Consideration
Our overdraft consideration allows us to consider authorizing and paying your checks, ACH, automatic bill payments, ATM and debit card NSF items into overdraft balance. We offer two types of overdraft consideration that allows us to consider authorizing and paying your NSF items.
Transaction Processing
Checks, ACH, Automatic Bill Payments and Recurring Debit Card Transactions
We may, at our discretion, pay NSF items into overdraft and may assess an overdraft fee on each item. If we decide not to pay an NSF item into overdraft, they will be returned unpaid for non-sufficient funds.
This service automatically comes with your checking account.
ATM and Everyday (Point of Sale) Debit Card Transactions
We will not authorize and pay your NSF items into overdraft unless you ask us to, which we refer to as opting-in to this service.
If you opt-in and we authorize and pay these items into overdraft, we may assess an overdraft fee on each NSF item paid into overdraft. Even if you do not opt-in, we may pay these NSF items into overdraft if sufficient funds were available at the time of authorization, but not available at the time of settlement; however, we will not charge you an overdraft fee.
You may change this election any time by visiting us online, on our mobile app, by calling 1-800-448-8812 or visiting your local financial center. It may take up to 72-hours to process your request.
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 generally be declined and may not be paid into overdraft. Once you have overdrawn your account, you must bring it to a positive balance immediately.
Benefits
- With checks and ACH items, this service allows us to automatically consider paying these NSF items into overdraft so you may avoid the inconvenience and expense associated with the merchant’s returned check fee.
- With ATM and everyday debit card transactions, this service gives you the option to allow us to consider authorizing and paying NSF items into overdraft. If you choose to opt out, then your ATM and everyday debit card transactions will generally be declined when there is an insufficient available balance in your checking account and may not be paid into overdraft.
Fees
- Under our Standard Overdraft Services: We may charge you a fee of $36.00 each time we pay an NSF item into overdraft.
- We will assess no more than 5 overdraft fees per account per day (Daily Limit).
- No overdraft fee will be imposed if, after nightly batch processing, your available balance is overdrawn $10.00 or less. However, if after nightly batch processing, your available balance is overdrawn by more than $10.00, you may be charged an overdraft fee for each NSF item for that day subject to the Daily Limit.
- No overdraft fee will be imposed on any item paid into overdraft of $5.00 or less.
Combine with Overdraft Protection Plans1
Our Overdraft Consideration works with our Overdraft Protection Plans, such overdraft coverage from another savings or checking account, from a HandyLine account or from another line of credit by allowing us to consider authorizing and paying NSF items into overdraft when the transactions cannot be fully covered by the overdraft protection plan.
Ready to sign up?
Call us at 1-800-448-8812 or visit with us.1The Home Equity Line of Credit is not available as overdraft protection in Texas.
1. U.S. checking or savings account required to use Zelle®. Transactions between enrolled users typically occur in minutes. Only send money to people you know well and trust. If you don't know the person you are paying or are unsure you will receive what you are purchasing, then we don't recommend you use Zelle® for the transaction. Once you have authorized and made a payment through Zelle®, it may not be possible to reverse the payment or recover the funds.
Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
2. NSF items created by check, in-person withdrawals or other electronic means that overdraw (OD) an account may be charged $36.00 per item. If you have opted into the payment of ATM and everyday debit card (POS) transactions into OD, we may assess OD fees on those items as well. We waive OD fees on the following: NSF items of $5 or less or overdrawn balances of $10 or less at the end of nightly batch processing. See our Truth in Savings Disclosure and Deposit Agreement for more information. We pay overdrafts at our discretion and do not guarantee that we will always authorize payment of any transaction. For example, we typically do not pay overdrafts if your account is not in good standing. If your account is overdrawn, you must immediately bring it to a positive balance. Visit a financial center or www.hancockwhitney.com/overdraft-protection-services for additional details on the Bank’s OD practices.
3. All account applications are subject to approval. $25 minimum opening deposit is required. Monthly service fee of $10 can be waived by the following: primary account holder under 18 or age 64 and over or make one or more client-initiated debit or credit transactions per statement cycle to waive the service charge. No minimum daily balance or minimum direct deposit amount is required to waive the service charge. If your account is closed within the first 180 days after opening, a $20 service charge will be assessed and we reserve the right to deduct the bonus amount from your account’s closing balance. Please refer to the Truth in Savings Disclosure for other applicable fees and information.
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