Automatic Overdraft Privilege
Totally Free Checking, 50+ Interest Checking, and Easy Interest Checking are eligible for overdraft privilege at account opening if terms are met. The normal overdraft or returned item fee is $29.00 for each item that is presented with a maximum limit of $116.00 per account, per day. Both the amount of the overdraft items and all applicable fees, including but not limited to the overdraft fees, are included in the overdraft privilege. All deposits to overdrawn accounts are applied to the negative balance. Non-sufficient funds/Overdraft fees will not be charged when the overdraft is $10.00 or less. The account holder has 30 days to bring the account to a positive balance from the date of becoming overdrawn.
Transactions eligible for overdraft privilege are checks written, in-person withdrawals, ACH transactions, preauthorized automatic transfers, and internet banking. Determining whether to pay a check or other transaction in overdraft is strictly discretionary with us. Peoples Bank is not required to pay any check or other transaction in overdraft, regardless of any past pattern or practice.