Overdraft Privilege

How does Overdraft Privilege work?

After your account has been open for at least 60 days, and you qualify for this service, an Overdraft Privilege limit may be assigned to your account based on the type of account you have. As long as you maintain your account in good standing, we may honor overdrafts up to the assigned limit (and there are no legal orders outstanding) we may approve your reasonable overdrafts as a non-contractual courtesy. Normally, we will not approve an overdraft for you in excess of the pre-determined limit assigned to your account type, plus our applicable NSF handling fee(s). You will be notified by mail of any NSF items we have paid or returned; however, we have no obligation to notify you before we pay or return any item(s). There is no monthly maintenance fee associated with Overdraft Privilege and no interest or daily fee will be charged on the overdraft balance. Overdraft protection may also be available using your Savings Account, Linked Savings Account or from an Automatic Cash Reserve Account.

How do I know when I use the overdraft limit?

You will receive an overdraft notice in the mail each time items are paid. The notice will show the check number, amount, and the NSF fee. You should subtract total fees from your checkbook.

I have two checking accounts. Can I get Overdraft Privilege on both?

Yes. If you have multiple accounts for your household, you may have a limit on all eligible accounts.

What if I go beyond my Overdraft Privilege limit?

Overdrafts above and beyond our established Overdraft Privilege limit may result in a check or checks being returned to the payee. The normal NSF fee will be charged per check and assessed to your account. An NSF notice will be sent to notify you of our actions.

What are some of the ways I may have access to my Overdraft Privilege?

Generally, you may access your Overdraft Privilege through:

Checks and other debits cashed at teller windows
Debit Card
ATM transactions
ACH debit transactions
Checks issued to a third party
All transactions that currently are honored through your account

How quickly must I repay my Overdraft Privilege?

You should make every attempt to bring your account to a positive balance as quickly as possible. If you are not able to do so, you will receive a letter from Tri Counties Bank informing you of the situation and your options. If, after a period of time, your account has not been brought to a positive balance, we will have no option but to close your account and take other steps to recover funds.

What is the difference between “current balance” and “available balance” when I access my account?

Because your overdraft privilege limit may be included in the available balance printed on your ATM receipt or stated as “overdraft privilege or credit memo” when you call our 24-hour Telephone Banking center, we believe it is important for you to understand the difference in these two balances.

Current Balance - The balance in your account at the close of the previous business day.

Available Balance - Funds available to you, including your Overdraft Privilege limit, any deposits, withdrawals, or Automatic Cash Reserve (ACR) that have been posted to your account. Items may continue to post to your account throughout the day.

What does my Overdraft Privilege cost?

There is no cost associated with this privilege. As stated previously, you should keep in mind that you will be charged an NSF fee for each check paid under the limit.

How soon can I use my Overdraft Privilege?

All personal checking account holders that have been opened for at least 60 days and in good standing may automatically be assigned the Overdraft Privilege based on the account type. If you are a new active account holder, you may be able to use the Overdraft Privilege 60 days after the account is opened. (Note: There are some types of accounts that are not eligible for Overdraft Privilege service).

What is my Overdraft Privilege limit?

To find your Overdraft Privilege limit, simply locate your account type in the listing below. If you are not sure of your type of account, please refer to your monthly statement. Your account type will be shown on the statement.

Account Type	Limit
Advantage Checking*	$500
Basic Checking*	$300
Basic Checking w/Interest*	$500
Charter Checking*	$500
Charter Gold Checking*	$1000
Direct Checking*	$500
Heritage Checking*	$500
Interest Checking*	$1000
Leisure Line Checking	$500
Leisure Line Premium*	$1000
Perfect Choice Checking	$500
Per Item Checking*	$500
Premier Checking	$1500
Regular Checking*	$500
Reward Checking*	$500
Self Service Checking*	$500
Student Checking*	$200
Ultimate Checking*	$1000
Yes! Checking	$300
* Indicates account types that are no longer offered.