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 offer Discretionary Overdraft Privilege for consumer accounts that have been opened for at least 30 days.
  • We also offer other overdraft protection plans, such as a link to a savings or money market account, which may be less expensive than the $28.50 overdraft fee. To learn more, ask us about these plans.
  • This notice explains the Discretionary Overdraft Privilege.

What are the standard practices with Discretionary Overdraft Privilege?

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 will 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 Bank of Travelers Rest pays my overdraft?

  • We will charge you an overdraft fee of $28.50 each time we pay an overdraft
  • There is a limit of $114 per day on the total overdraft fees we will charge you for overdrawing your account. Additional fees may apply for items returned unpaid.
  • If your balance is overdrawn by $10 or less at the end of the processing day, then no overdraft fee will be assessed for the item(s) presented that day.

What if I want Bank of Travelers Rest 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 please complete the form below and submit. If you have any questions, please call 864.834.9031 or toll-free at 1(888)557-2265.

  • Account Number - Enter the last 4 digits of your checking account number(s) exactly as they appear on your Bank of Travelers Rest statement.
  • If you have more than 5 checking accounts please send an additional form for your remaining accounts.

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