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 have standard overdraft practices that come with your account. (See Overdraft Privilege disclosure for details.)
  • We also offer overdraft protection plans, such as a line of credit or link to a savings account, 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 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 West Alabama Bank pays my overdraft?                        

Under our standard overdraft practices:

  • We will charge you a fee of up to $35 each time we pay an overdraft.
  • There is a daily limit of $175 on the charge for handling NSF items under Overdraft Privilege Program.

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

If you would like us to authorize and pay overdrafts on ATM an everyday debit card transactions or opt out of us paying these transactions, enter your information below and check the appropriate box.

First Name
Last Name
Checking Account Number
 Verify Checking Account Number
Email Address
Verify Email Address

I authorize West Alabama Bank to pay overdrafts on my ATM and everyday debit card transactions effective immediately.

I do not authorize West Alabama Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions.

If you authorize the bank to pay overdrafts for ATM and everyday debit card transactions, you may revoke it at any time.