|We encourage all of our customers to manage
their finances responsibly, and we understand that,
at times, life happens and you may run short of
cash. Thatís why we have a safety net program called
Courtesy Coverage for your checking account.
Courtesy Coverage is overdraft protection*
exclusively for qualifying customers which gives you
peace of mind knowing that your checks and ACH
(Automated Clearing House) debits will be covered up
to a predetermined amount. With your approval we can
protect your ATM and debit card transactions as
To receive Courtesy Coverage:
- speak with a Personal Banker to see if your account
- call our Customer Service Center at 618.656.0098
complete the Courtesy Coverage ATM / Debit Authorization
Frequently Asked Questions Regarding
- What is the Courtesy Coverage
- It is a service to qualified
customers of TheBANK of Edwardsville where we may pay
overdrafts from checks, ACH (Automated Clearing House),
ATM and debit card transactions.
- Does the Courtesy Coverage
program apply to overdrafts resulting from writing checks,
ACH transactions and recurring debit card transactions?
- The program automatically
applies to these transactions. You must tell us if you
do not want us to pay overdrafts resulting from these
types of transactions. Just contact us at (618)
656-0098. If you tell us not to cover overdrafts for
these transactions, then checks or ACH transactions may
be returned unpaid. (ACH transactions are electronic
transfers of money between your account and someone
elseís account.) Please keep in mind you will still have
to pay a fee of $32.00 for each insufficient fund check
or ACH transaction that is returned.
- Does the Courtesy Coverage program
apply to overdrafts resulting from using an ATM or from
everyday debit card transactions such as point of sale,
online and telephone transactions?
- If you want the program to apply
to overdrafts resulting from ATM or everyday debit card
transactions, you must tell us by completing the
- Will TheBANK always pay my
- Even though you qualify to
participate in the Courtesy Coverage program, we do not
have to pay your overdrafts. We may return checks and
ACH transactions, and decline ATM and debit card
transactions that overdraw your account. You will have
to pay a $32.00 fee for each returned check and ACH
transaction. TheBANK has the option to pay or not pay.
- If TheBANK pays
overdrafts, what is the most that will be covered and where
can I find out how much I have?
- The maximum overdraft coverage
will be limited to $150.00 or $600.00 for each account,
based upon the amount of Courtesy Coverage that you
have. The amount of coverage will be listed on your
- What does it cost if TheBANK
pays an overdraft?
- You will be charged $32.00 for
each overdraft item that is paid, up to a maximum of six
overdraft fees per business day.
- In what order does TheBANK pay
checks and other items?
- Our general payment order for
checks and other items will be as follows: ATM
withdrawals and debit card purchases; in-person
withdrawals; checks that are cashed at one of our
locations; automatic transfer debits; ACH debits; checks
that are deposited with us; and checks presented to us
by other banks. Typically, no item in one category will
be paid until all items in the previous categories have
been paid. An item may be paid in a different order if
we are unable to determine information about the item
that is necessary to process it in the regular order.
For multiple ATM withdrawals and debit card purchases
that are processed on the same day, we will pay them in
the order the transactions occurred. For checks
processed on the same day, we will pay them in check
number order beginning with the lowest check number. For
all other items that are processed on the same day, we
will pay in the order of dollar amount beginning with
the lowest dollar item.
- When do I have to repay my
- Any new deposits into your
account will first be applied to repay the outstanding
overdrafts and fees. If you do not deposit enough funds
in your account to repay the overdraft, then you must
pay us all overdrafts if any overdrafts have been
outstanding more than 10 consecutive days.
- Are there other
alternatives TheBANK offers to help avoid overdrafts?
What You Need to Know about Overdrafts and
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:
- We have standard overdraft practices that come with your
- 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
This notice explains our standard overdraft practices.
What are the standard overdraft practices that come with
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 (ACH and recurring debit
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. The maximum overdraft
coverage will be limited to $150.00 or $600.00 for each
account, based upon the amount of Courtesy Coverage that you
have. Any new deposit into your account will first be
applied to repay the outstanding overdrafts and fees. If you
do not have enough funds in your account to repay the
overdraft, then you must pay all overdrafts if any
overdrafts have been outstanding more than 10 consecutive
What fees will I be charged if TheBANK of Edwardsville
pays my overdraft?
Under our standard overdraft practices:
- We will charge you a fee of $32.00 each time we pay
- TheBANK has implemented a maximum of six overdraft
fees that we will charge you per business day for
overdrawing your consumer account.
- If a transaction of $5.00 or less overdraws your
account, you will not be charged an overdraft fee for
that item. If a transaction greater than $5.00
overdraws your account, you will be subject to the
$32.00 overdraft fee for that item.
What if I want TheBANK of Edwardsville 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 (618)
656-0098 or click
complete the Courtesy Coverage ATM / Debit Authorization
Form. This request is subject to TheBANKís right not to
have the Courtesy Coverage apply to your accounts.