American Patriot Bank
Home Personal Business Online Banking About Us Contact Us Community Info Financial Tools Mobile Banking
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:

  1. We have standard overdraft practices that come with your account.
  2. We also offer overdraft protection plans, such as a link to a savings account which may be less expensive than our standard overdraft practices. To learn more, ask 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 authorize and pay any type of transaction.

If we DO NOT authorize and pay an overdraft, your transaction will be declined.

What fees are charged if American Patriot Bank pays my overdraft?

Under our standard overdraft practices:

  • We will charge you a fee of $35.00 each time we pay an overdraft. 
  • Also, on the 5th business day of overdraft, your account will be charged and additional $3.00 per day.
  • If the minimum balance fee puts your account into a negative status and is not brought to a positive balance on the 5th business day of overdraft your account will be charged an additional $3.00 per day.
  • There is a daily limit on customer costs by limiting the number of transactions that will be subject to a fee of 5 per day and the dollar limit on the total fees that will be imposed per day of $165.00.

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

If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions, call (423) 636-1555 or complete the form below:

Name:
Date:
Account Number(s):
 
 
 
Retype the code from the picture
CAPTCHA Code Image
Speak the code Change the code