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What You Need to Know about Overdrafts and Overdraft Fees

An overdraft occurs when you do not have enough money in your account to cover a transaction, but NB&T pays it anyway. NB&T can cover your overdrafts in two different ways:

1. We have standard overdraft practices that come with your account.

2. We also offer overdraft protection plans, such as a link to a savings account, which may be less expensive than our standard overdraft practices.

This notice explains NB&T’s standard overdraft practices.

What are the standard overdraft practices that come with my account?

We do authorize and pay overdrafts for the following types of transactions:

  • Checks and other transactions made using your checking account number
  • Automatic bill payments (ACH and recurring debit transactions)
We do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see 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. If we do not authorize and pay an overdraft, your transaction will be declined.
What fees will I be charged if NB&T pays my overdraft?
Under our standard overdraft practices:
  • We will charge you a fee, and we determine the amount of the fee for the overdraft and NSF items or entries on any given day based on the total number of occurrences during the 1-year period ending and including that day.
  • 1 Occurrence: $19.78 per Item Overdraft Fee and $19.78 per item NSF Fee
  • 2 Occurrences: $24.78 per Item Overdraft Fee and $24.78 per item NSF Fee
  • 3-5 Occurrences: $29.78 per Item Overdraft Fee and $29.78 per item NSF Fee
  • 6-9 Occurrences: $31.78 per Item Overdraft Fee and $31.78 per item NSF Fee
  • 10 or more Occurrences: $37.78 per Item Overdraft Fee and $37.78 per item NSF Fee
  • Also, if your account is overdrawn for 5 or more consecutive business days, we will charge an additional $31.78 every 5 business days.
  • There is a daily limit of $188.90 on total fees we can charge you for overdrawing your account.
What if I want NB&T 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, please complete the consent form below. You may also call us at 815-895-2125, or stop by any NB&T branch location and speak with one of our Relationship Bankers.

I want overdraft courtesy coverage for my ATM withdrawals and debit card purchases.
   
First Name:
Last Name:
Checking Account Number:
E-mail Address:
   
* Please note that you must fill out one form for each checking account that you would like to opt-in for overdraft courtesy coverage on ATM and debit card transactions.

 
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