Overdraft Services 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 overdraft protection plans, such as a 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 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 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.
    
• What if I want Athol Savings 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