What should I know about overdrafts and overdraft fees?

What is an overdraft?

An overdraft occurs when you do not have enough money in your account to cover a transaction (such as a check or a debit card purchase), but we pay it for you as a courtesy. Your account will have a negative balance until you make a deposit.

We do not guarentee that we will always authorize and pay any type of transaction. If we do not authorize and pay and overdraft, your transaction will be declined or returned.

What options do I have for handling overdrafts?

You have several options for covering overdrafts on your account.

  1. Our Standard Overdraft Plan that may come with your account, or
  2. Overdraft services such as an automatic transfer from another Heritage Oaks Bank account or a Money Plus Line of Credit. These type of plans prevent a transaction from becoming an overdraft. These plans may be less expensive than paying overdraft fees under our Standard Overdraft Plan. To compare Heritage Oaks Bank's Overdraft Protection Options, click here.

You may also elect to have no overdraft coverage. With this option, any transaction over the amount available in your account will be declined or returned automatically. Transactions that are returned are subject to the current non-sufficient funds (NSF) fee.

What is the Standard Overdraft Plan that comes with my account?

Under our Standard Overdraft Plan, we may authorize and pay overdrafts for the following types of transactions:

  • Checks and other transactions made using your checking account number
  • Automatic bill payments
  • Recurring ATM/Debit card transactions, such as using your ATM/Debit card to automatically pay a monthly gym membership

What fees are associated with your Standard Overdraft Plan?

  • No fee is charged for aggregate overdrafts totaling $10 or less on any business day.
  • We will charge a $32.00 fee for each item returned for non-sufficient funds or paid into overdraft, with a maximum of 5 item fees imposed per business day.
  • You will be charged a one time extended overdraft fee of $15 on the 5th business day your available balances remains below zero.

The Standard Overdraft Plan doesn't cover my everyday ATM/Debit cards transactions. How do I get coverage for these transactions?

You must let us know that you want these transactions covered by opting in to our ATM and One-Time Point of Sale Overdraft Coverage. By opting for this coverage, ATM and one-time POS transactions that take your account into an overdraft status are subject to the current fees for this service.

Should you choose to opt-out of our ATM and One-Time Point of Sale Overdraft Coverage, these transactions will be declined at the terminal or point of purchase.

I'm not sure the Standard Overdraft Plan is right for me. What are your other options?

Click here to compare all of our Overdraft Protection Plans.

More questions?

Call or visit your local branch. We're ready to help you find the best solution for your financial needs.