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:
We have standard overdraft practices that come with your account.
We also offer overdraft protection plans, such as transfers from a linked checking or savings account or transfers from a line of credit, 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
We do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):
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 Heritage Bank pays my overdraft?
Under our standard overdraft practices:
We will charge you a fee of $32 each time we pay an overdraft item
We will charge you a fee of $35 each time we don’t pay an overdraft item
There is no limit on the total fees we can charge you for overdrawing your account
What if I want Heritage Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions?
If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, submit this form, call 800-344-7048, or stop by one of our convenient locations.
Please select one option
I want Heritage Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions.
want Heritage Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions.
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