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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 a
link to as a 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
We do not authorize and pay overdrafts for the following
types of transactions unless you ask us to (see below):
- ATM transactions
- 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 The National
pays my overdraft?
Under our standard overdraft practices:
- We will charge you a fee of up to $18 each time we pay an
overdraft, unless your account is Free Spirit. Free Spirit
Accounts will be charged a fee of $28 each time we pay an
overdraft.
- There is no limit on the total fees we can charge you for
overdrawing your account.
Our current overdraft policies will apply until these changes
go into effect on August 15, 2010.
For more information please
contact our opt in specialist directly at 254-404-6081. |
