Overdraft Services

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 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 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 Athol Savings Bank, a Division of Cornerstone Bank pays my overdrafts?
• Under our standard overdraft practices:
  • We will charge you a fee up to $33 each time we pay an overdraft. (Fee is subject to change)
  • There is a limit of $165.00 per day on the total fees we can charge you for overdrawing your account.
  • We will not charge a fee if the item is $5.00 or less.
• What if I want Athol Savings Bank, a Division of Cornerstone 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 form below and click “Submit” or call 978-249-3200 or 888-830-3200.

Opt In Form for Overdraft Services