What You Need to Know about 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 your 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 overdraft practices.

What are the standard overdraft practices that come with my account? We do authorize and pay overdrafts for the following types of transactions:
- Checks and other transactions made using your checking account number
- Automatic bill payments, including when made using your Debit

We do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):
- Everyday debit card transactions one-time purchase or payment transactions
- ATM withdrawal transactions

We Pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transactions. If we do not authorize and pay an overdraft, your transaction will be declined.

What fees will I be charged if Dollar Bank pays my overdraft? Under the standard overdraft practices:
- We will charge you a fee of $36 each time we pay an overdraft, with a limit of four (4) charges per day.
- We will not charge a fee when we pay an overdraft on a transaction or item that is $4.99 or less.
- If your account remains negative for a period of 7 consecutive calendar days, you will be assessed a fee of $25 on the 7th consecutive day. This fee is in addition to any Overdraft Fees assessed.

What if I want Dollar Bank to authorize and pay overdrafts on my everyday debit card and ATM withdrawal transactions?

If you want us to authorize and pay overdrafts on everyday debit card and ATM withdrawal transactions, please select Enable below.

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