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 What is an Overdraft? An overdraft occurs when a debit transaction (or multiple transactions) posted against a deposit account exceeds the account balance.  This can happen in several ways:

     · Writing a check;
     ·Authorizing an automatic payment from the checking account to pay for recurring expenses such as utility
          bills, mortgage payments gym memberships, etc.;

Paying for purchases with a debit card;
Making withdrawals from an automated teller machine (ATM).

What happens when an overdraft occurs? Any item posted as a debit to your account can result in an overdraft, and all such items are treated the same with regard to the actions described in this document. In other words, overdraft actions and charges do not apply only to paper checks but to all debit transactions.

We may, at our discretion, honor transactions that overdraw your account, or we may decide to return the items, also called insufficient funds (NSF) items, to the payee.  In either case, you will be charged and overdraft or NSF fee (refer to Fee Schedule for current fee amount) for each item. There is no limit on the total fees we can charge you for overdrawing your account. Even if we do decide to pay an overdraft item, we are not obligated to pay overdrafts that occur at a later date. The payment of overdrafts is never guaranteed.

Regardless of our decision to pay or return the overdraft item, you will receive a notice that the overdraft occurred, how the item(s) was (were) handled, the amount of the fee you were charged, your account balance, and an opt-out option.


If our final decision on the item(s) caused your account to become overdrawn, you should make a deposit as soon as possible to bring your account to a positive balance.  If your account balance remains negative for more than two (2) consecutive days, you will be assessed a daily Negative Balance fee (refer to Fee Schedule for current fee amount), beginning on the third day, until the account balance is made positive.


If your account remains negative, we will send you a notice at day 10, 20, 30, and 45.  If your account balance remains negative for 45 days, we will turn the account over to a collection agency, and you will be reported to TeleCheck, a consumer reporting agency.  These actions may disrupt your ability to obtain a deposit account at another financial institution, and they may damage your credit rating.





Balance Inquiries and Account Reconciliation: When you check your account balance, there may be outstanding items that have not yet posted due to processing delays which occur in the ordinary course of business.  If you do not reconcile your account balance on a periodic basis and have a good understanding of the balance you should have, you may inadvertently overdraw your account if you rely solely on balance inquiries from the ATM or bank teller.  We encourage you to make careful records and practice good account management.  This will help you to avoid writing checks or making other payments without sufficient funds and incurring the resulting fees.


Statement Disclosures: If you have incurred overdraft or NSF fees, the fees are highlighted in a separate and distinct disclosure on your periodic account statements.  The total fees for the statement cycle as well as the current year-to-date are included in this disclosure.




Your Overdraft Options:  You have the right to opt out of overdraft services for ATM withdrawals and one-time debit card purchases at account opening.  Under this program, if you opt out of overdraft services, we will not pay overdrafts caused by ATM withdrawals or one-time debit card purchases, and we will not charge you for those items.  This means your ATM withdrawals and one-time debit card transactions will be rejected if you do not have enough money in your account to cover the transaction amount.


We also allow you to opt out of overdraft services for all other types of transactions.  If you choose this opt-out option, we will never pay any transactions that overdraw your account.  However, we will still charge you as described in this document for NSF transactions, other than ATM withdrawals and one-time debit card purchases.


For both type of opt-out programs, you can change your opt-out selections at any time by calling 1-800-342-2824 during business hours or by completing and returning the following form to Atlantic Coast Bank 505 Haines Avenue, ATTN: Overdraft, Waycross, GA 31501:  ATM/One Time Debit Opt-In/Out Form. 


Less Costly Options:  In addition to the opt-out programs, we also offer other options which can be less costly than overdraft and NSF fees:

·           Overdraft Line of Credit – This is a revolving credit product that automatically transfers money to your checking account when you overdraw, subject to your credit limit.  You must apply and meet credit eligibility requirements.  Interest will accrue on the outstanding balance of the line of credit.

·           Linked Savings Account – An ACB savings account can be linked to your checking account, ask an ACB financial services representative to set this option up for you.  When you overdraw your checking account we automatically transfer money from your savings account to cover the overdraft, subject to the savings account balance.  Monthly maximum transaction limitations apply, and a fee will be charged for each transfer (refer to Fee Schedule for current fee amount).


To discuss other option regarding your deposit account management, call 1-800-342-2824 during business hours or visit any branch locations.


Financial Education and Counseling: If you are facing financial challenges and unable to manage your account effectively, you may want to consider accessing free or low-cost financial education workshops or individualized financial counseling.  Visit the Federal Trade Commission’s website for more information at  You may also want to contact the National Foundation for Credit Counseling at 800.388.2227.