OVERDRAFT COVERAGE

Overdraft coverage is something you may never think about – until you need it. Overdraft coverage gives you peace of mind that your transactions will be paid, regardless of whether sufficient funds are in your account.

New Federal Reserve rules give ATM/Debit card users additional options regarding overdrafts. As you consider your options, think about the ways you use your account and ATM/Debit card and make the choice that is right for you. 

INFORMATION ON OVERDRAFTS AND OVERDRAFT FEES

An overdraft occurs when your account does not have enough money for a transaction, but we pay it anyway.  We offer two different ways to cover your overdrafts:

1.  We have standard overdraft practices that come with your account.
2.  We also offer overdraft protection plans, such as links to savings account and lines of credit (loans). These may be less expensive than our standard overdraft practices.  Ask us for more information on these plans.

This notice explains our standard overdraft practices.

It is our standard overdraft practice to pay check and automatic bill payment overdrafts made using your checking account number. 

Beginning August 15, 2010, we will not pay overdrafts on your ATM and everyday debit card transactions unless you ask us to (see below).  If you do not ask us, the transaction will not be paid, and no fee will be imposed.  We may continue to pay overdrafts on your checks and automatic bill payments and impose a fee.

Overdrafts are paid at our discretion.  Payment of an overdraft is not guaranteed.  If we do not authorize and pay an overdraft, your transaction will be declined and item returned unpaid. 

We charge a $32.00 NSF fee each time we pay an overdraft. In addition, for every 6 consecutive days that the account is overdrawn a $5.00 continuous overdraft fee will be charged to your account.

There is no limit on the total fees we can charge you for overdrawing your account.         

What if I want NorthSide Bank to authorize and pay overdrafts on my ATM and everyday Debit card transactions?

To authorize NorthSide Bank to pay your overdrafts on ATM and debit card transactions, call us at (770) 773-7300, visit any NorthSide Bank branch or complete the form below and submit. You may also mail the form below to us at P.O. Box 283, Adairsville, GA  30103-2106. If we do not hear from you, ATM and everyday Debit card transactions causing your account to be overdrawn will be declined.

We will send you a confirmation of your authorization. You may revoke this consent at any time.