Please note that overdraft lines-of-credit are subject to credit approval. We also have mobile, online, and telephone banking services to help you keep track of your balance. Overdraft Privilege allows you to overdraw your account up to the disclosed limit for a $30 fee per item in order to pay a transaction.Ĭhartway may provide you a specific Overdraft Privilege limit depending on whether you have direct deposit. You will receive a letter approximately sixty (60) days after account opening for consumer accounts, informing you that Overdraft Privilege has been activated on your account. You do not have Overdraft Privilege until you receive this notification.Įven if you have Overdraft Protection, such as a transfer from another account, Overdraft Privilege is still available as secondary coverage if the other protection sources are exhausted. Please be aware that the Overdraft Privilege amount is not included in your available balance displayed through online banking, mobile banking, telephone banking or Chartway ATMs. When Overdraft Privilege is used, the Overdraft Privilege Fee of $30 will be imposed for overdrafts created by checks, ACH, point-of-sale, in-person withdrawals, or by other electronic means. If multiple items overdraw your account on the same day, each item will be assessed the $30 fee. This is the same fee that Chartway charges for items returned to the payee due to insufficient funds. There is no limit to the number of Overdraft Privilege Fees that we will charge your consumer account per day. We will not charge an Overdraft Privilege Fee if your consumer account is overdrawn by $10 or less.Īll fees and charges will be included as part of the Overdraft Privilege limit amount. Your account may become overdrawn in excess of the Overdraft Privilege limit amount as a result of the assessment of a fee. The total negative balance, including all fees and charges, is due and payable upon demand. This describes the posting order for purposes ofĭetermining overdrafts.Depositor and each Authorized Signatory will continue to be liable, jointly and severally, for all such amounts,Īs described in the Deposit Account and Disclosure Agreement. Number order), POS/debit card (as arrived), ACH (asĪrrived), checks (in serial number order), automatic debit Prior day processing (as arrived), wire transfers, tellerĬash withdrawal, over the counter items (in serial Credits post first, then force-paid items from Items throughout the day and to post credits beforeĭebits. May impact the total amount of Overdraft Privilege Fees Transactions and fees however, holds on funds (describedīelow) and the order in which transactions are posted #CHARTWAY LIVENOW ACCOUNT SERIAL NUMBER# A single larger overdraft will result in just one fee, as.
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