ATM/Debit Card Opt-In/Opt-Out Form

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 one or more overdraft protection plans, such as a line of credit, a link to another account, or an Optional Overdraft Protection Service 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:

  1. Checks and other transactions made using your checking account number
  2. Automatic bill payments

We do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):

  1. ATM transactions
  2. 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 New Peoples Bank pays my overdraft?

Under our standard overdraft practices:

  1. We will charge you a fee of $35.00 each time we pay an overdraft, with a maximum of 6 overdraft/NSF fees per day.

What if I want New Peoples 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, complete the information below and submit the form online.

* Required Fields

* Authorize
Yes, I want New Peoples Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions.
No, I do not want New Peoples Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions.

Information
* First:
MI:
* Last:
* Date:
* Last 4 of Social Security Number:
* Account Number:
Account Number:
Account Number:
Account Number:
 
* By submitting this form, I hereby state that I have read and understand my Opt-In/Opt-Out decision.
 
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