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 we pay it anyway. We 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. To
learn more, ask us about these plans.
This notice explains our standard
What are the standard overdraft
practices that come with my account?
We do authorize and pay
overdrafts for checks and other transactions made using your
checking account number
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
Citizens Security Bank pays my overdraft?
Under our standard overdraft
• We will charge you a fee of up to
$28.95 each time we pay an overdraft.
• The maximum number of overdraft fees
that we can assess is limited to 5 per day.
What if I want Citizens Security Bank
to authorize and pay overdrafts on my ATM and everyday debit card
If you also want us to authorize and pay overdrafts on ATM and
everyday debit card transactions please OPT
IN for Overdraft Coverage .