We can cover your overdrafts 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 a savings account or to an overdraft
line of credit, which may be less
expensive than our standard overdraft practices. To learn more, ask us
about these plans.
This notice explains our standard overdraft practices.
What are the standard overdraft practices
that come with my account?
We do authorize and pay overdrafts for the following types
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):
Everyday debit card transactions
We pay overdrafts at our discretion, which means we
do not guarantee
that we will always pay any type of transaction.
If we do not authorize and pay an overdraft, your transaction
will be declined.
What fees will I be charged if Union Bank
& Trust Company pays my overdraft?
Under our standard overdraft practices:
We will charge you a fee of up to $34
each time we pay an overdraft.
We charge an overdraft
item fee for each item paid or returned up to a maximum of 5 per day.
Also, if your account is overdrawn
for 2 or more consecutive days, we will charge an additional $4 per day.