|
Automated Overdraft Privilege
| Home
What could automated
overdraft privilege mean for you?
-
No more charges from
retailers for insufficient checks!
-
Make a mistake –
you're covered!
-
Write a check for
more than you have in the bank – you’re covered!
-
Rather than
returning a check unpaid, we will pay it and
save you time and money!
If your account is an
eligible personal checking account Automated
Overdraft Privilege could mean that we would pay
overdrafts up to $500.
We will charge our usual
overdraft fee of $29.75 per item which overdraws
your account.
This service requires no action on
your part.
You do not have to sign any
additional forms or documents. This new service
costs you nothing unless you use the Automated Overdraft
Privilege.
Automated Overdraft Privilege
is another convenience and another
good reason for banking with American State Bank.
Eligibility
Requirements:
You must maintain your
account in good standing, defined as:
-
Making regular
deposits every thirty (30) days or less
-
Bringing the account
to a positive balance every thirty (30) days or
less
-
There are no
garnishments, levies (whether legal or
otherwise) outstanding currently or within a
ninety (90) day period
-
The account must
have been opened at least sixty (60) days and a
minimum of eight (8) debit transactions must
have been completed on the account during the
sixty (60) day period
-
No more than four
(4) checks drawn on insufficient funds during
the sixty (60) day period referred to above
-
The account holder
or holders are not in default on any loan
obligation to the bank
If all criteria are met
the limit for the overdraft protection is $500.00.
These limit amounts include the $29.75 per item
overdraft fee. |
