Overdraft Service Opt In Form

What You Need to Know about Overdrafts and Overdraft Fees

An overdraft occurs when you do not have enough money in your checking 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 which we call Platinum Overdraft, that come with your account. New accounts become eligible after 30 days.
  2. We also offer overdraft protection plans, such as a link to a savings account or 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 transaction
    • 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 Savers Bank pays my overdraft?

    Under our standard overdraft practices:
    • We will charge you a fee of up to $32 each time we pay an overdraft
    • In no event will more than 4 paid transactions per business day be subject to the $32 overdraft fee
    • We do not charge overdraft fees for paid items of less than $10
  • What if I want Savers Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions?

    If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, call 1-800-649-3036, visit www.saversbank.com, or complete the form to the right.
  • When will my authorization be effective?

    Your authorization to pay overdrafts on ATM and everyday debit card transaction will start when you qualify for our Courtesy Platinum Overdraft service.
 

Opt In Authorization

I authorize Savers Bank to pay overdrafts on ATM and debit card transactions. I understand that standard overdraft fees (NSF fees) may apply.

Last Name: *


First Name: *


Email Address: *


Checking Account Number(s): *


Checking Account Number(s):


Checking Account Number(s):


Checking Account Number(s):


* The regulation requires you to list every account number for which you desire this service for your everyday debit card transactions.