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What You Need to Know about Overdrafts
Personal Banking What You Need to Know about Overdrafts
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 overdraft 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 your savings account and Overdraft Line of Credit which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans. 

>> What are 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. 
Athens Federal reserves the right to require a consumer to pay an overdraft immediately or on demand.


>> What fees will I be charged if Athens Federal Community Bank pays my overdraft? 


Under our standard overdraft practices:
  • We will charge you a fee of $35 each time we pay an overdraft.
  • Also, if your account is overdrawn for more than 3 consecutive business days, we will charge an additional $3.50 per day. This charge begins on the 4th business day. 
  • We will limit the number of NSF charges that you will be assessed in one day to no more than three (3).

>> What if I want Athens Federal to authorize and pay overdrafts on my ATM and everyday debit card transactions? 


If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, call 423-745-1111 and complete an authorization form. You may revoke your consent at any time by notifying Athens Federal (call 423-745-1111 or stop by any branch and talk to a customer service representative). If this is a joint account, any one of you may revoke the consent on behalf of the other account holder(s).