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Courtesy Overdraft Protection

Just In Case

We understand that mistakes happen. A check or debit returned for nonsufficient funds (NSF) can create awkward or embarrassing problems yet our observation is that most of our customers make deposits that would have covered an overdraft within a few days. To serve you better, we have added a Courtesy Overdraft feature to your checking account. This may save you the embarrassment and hassle of returned checks. And, there are no application hassles because the service is automatic. There is no additional cost for this enhancement but our normal Overdraft and Sustained Overdraft Consumer Fees will apply. Please see below for some restrictions that also apply.

Your debit card is all about convenience. So is opting in.

New regulations affect how we are able to handle certain types of overdrafts incurred on debit card purchases after August 15, 2010. If we do not have your consent to begin or continue your Courtesy Overdraft protection coverage on one-time debit card purchases, we will be required to deny coverage on these transactions.

Opting in ensures that any debit card overdrafts after August 15, 2010 will be authorized and paid. If you don't opt in your debit card purchases will be declined if you do not have the account balance to cover them. Situations like this can be embarrassing, inconvenient and in some cases even incur charges from the merchant. You can opt-in by simply calling or stopping by your local branch.

Other Restrictions

This service is only available for domestic accounts with ongoing deposits in excess of the overdraft balance limit shown below for your type of account. Failure to make deposits in excess of the overdraft balance limit assigned to your account may result in the feature being removed for inactivity. For those customers who have a Personal Line of Credit account to cover overdrafts, this feature will be unavailable as the personal line of credit will continue to be your overdraft protection.  For more details on how Courtesy Overdraft works, read our Disclosure Statement.

The normal limits currently in use are:

• Basic Checking                    $300
• No Minimum Checking            500
• FREE Checking                      500
• NOW Checking                   1,000 

Avoiding Overdrafts

Because we are always looking out for our customers' best interests we want to share some helpful tips to protect yourself from awkward or embarrassing declined purchases. The best way to avoid overdrafts and merchant declined purchases is to manage your checking account properly.

• Keep track of how much money you have in your checking account by keeping your account register up-to-date. Record all checks when you write them and other transactions when you make them. And don't forget to subtract any fees.
• Pay special attention to your electronic transactions. Record your ATM withdrawals and fees, debit card purchases, and online payments.
• Don't forget about automatic bill payments you may have set up for utilities, insurance, or loan payments.
• Keep an eye on your account balance. Remember that some checks and automatic payments may not have cleared yet.
• Review your account statements each month. Between statements, you can find out which payments have cleared and check your balance by checking online or at a Dean Bank ATM. You can also call us at 508-528-0088.