Life happens! Peoples Bank understands that sometimes unexpected expenses or timing issues can cause your account to slip into the negative. That’s why we offer Overdraft Privilege—a safety net to help you cover transactions when your balance isn’t quite enough.
With Overdraft Privilege, we may honor your checks, ACH items, ATM withdrawals, and everyday debit card purchases—even if they exceed your available balance—up to your approved overdraft limit. A fee applies for each overdraft, but this service can help you avoid the inconvenience, embarrassment, and potential fees from merchants that can occur when payments are returned unpaid.
It’s one more way Peoples Bank works to keep your finances running smoothly, even when life throws you a curveball.
| Service | Fee |
|---|---|
| Dynamic Transfer | $10 per transfer |
| Overdraft Transfer | $29.50 per item |
| Dynamic Transfer applies to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account you may have here at Peoples Bank for a fee. Please note that savings accounts will not be used to authorize debit card transactions. | |
| Transactions Covered with Overdraft Privilege | Standard Coverage (No action required) |
Extended Coverage (Your consent required)* |
|---|---|---|
| Checks | ||
| ACH – Automatic Debits | ||
| Recurring Debit Card Payments | ||
| Online Bill Pay Items | ||
| Internet Banking Transfers | ||
| Telephone Banking | ||
| Teller Window Transactions | ||
| ATM Transactions | ||
| Everyday Debit Card Transactions | ||
| If you choose Extended Coverage, ATM withdrawals and everyday debit card transactions will be included with the transactions listed under Standard Coverage. | ||
If you would like to select Extended Coverage for future transactions:
Opt-In to Overdraft Privilege Opt-Out of Overdraft Privilege