overdraft
protection

What is an overdraft?

An overdraft occurs when you don’t have enough money in your account to cover a transaction, but we pay it anyway. To learn more about account overdrafts, we encourage you to visit the Consumer Financial Protection Bureau's Overdrafts webpage.

What you need to know about overdrafts and overdraft fees?

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 a savings account or to an overdraft 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):

ATM transactions
Everyday debit card transactions

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

What fees will be charged if Security National Bank pays my overdraft?

Under our standard overdraft practices:

We will charge you a fee of $35 each time we pay an overdraft.
Also, for every business day your account is overdrawn you will be charged $6 per business day, beginning on the 2nd business day.
You may be charged up to $175 in overdraft/NSF fees in one day.

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