To Extended Coverage on your consumer account, it will Overdrafts in excess of your available balance. Your Overdraft Privilege limit and may also help you avoid May allow us to authorize transactions up to the amount of Without assessing an Overdraft Privilege Fee. Transactions that we would otherwise be required to pay May result in you incurring Overdraft Privilege Fees for Pay everyday debit card overdrafts (Extended Coverage)
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. 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. The total negative balance, including all fees and charges, is due and payable upon demand. Your account may become overdrawn in excess of the Overdraft Privilege limit amount as a result of the assessment of a fee. 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. There is no limit to the number of Overdraft Privilege Fees that we will charge your consumer account per day. This is the same fee that Chartway charges for items returned to the payee due to insufficient funds. If multiple items overdraw your account on the same day, each item will be assessed the $30 fee. 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. 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. 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. 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. 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. We also have mobile, online, and telephone banking services to help you keep track of your balance. Please note that overdraft lines-of-credit are subject to credit approval. Overdraft Protection services apply to all types of transactions and may help protect your account from being overdrawn by automatically transferring funds to your checking account from another account or line-of-credit you may have at Chartway, for a fee and/or finance charge. $6 fee per automatic transfer made on your behalfġContact us at (800) 678-8765, or come by a branch to sign up for these services. Overdraft Protection Link to Another Deposit Account you have at Chartway 1 Consider these ways to cover overdrafts: Service