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Overdraft Protection

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Overdraft Services

Overdrawing your account (spending more money than is in your account) can be a costly mistake. An overdraft occurs when a transaction is posted to an account which causes the available balance to be less than $0. It’s always better not to overdraw your account in the first place, but if you occasionally have trouble tracking the balance in your account and have ever overdrawn your account, you may want to consider Overdraft Protection.

Features:
It is never a good idea to overdraw your account. But for those (hopefully rare) times when you make a mistake and become overdrawn, having Overdraft Protection may help:

  • Decrease the risk of returned payment fees from merchants or retailers

  • Reduce unanticipated fees associated with being overdrawn, such as late payment fees

  • Ensure your bills and other transactions are paid as scheduled


Overdraft Protection

How It Works

Your Responsibility

What To Do Next

No Overdraft Service

- Overdraft services are optional
- We recommend using the tools listed above to manage your account and reduce overdraft and non-sufficient funds fees

- Manage your account responsibly
- See “Tips to Avoid Overdraft & Non-Sufficient Funds Fees” on reverse side

You can always reach a representative at 866-385-3444 for more information on how to manage your account

Overdraft Protection

This service can be costly.

- At our discretion, we pay checks, automatic bill payments and other transactions that overdraw your account
- We will decline ATM and everyday debit card transactions that would overdraw your account, unless you “opt-in” for the Bank to authorize and pay these items

- $25 Overdraft Item Fee per transaction

- Not to exceed five overdraft fees per day ($125)

- Every withdrawal, check, ATM withdrawal or any other electronic transaction, on an overdrawn account will be charged an overdraft fee

You can arrange for Overdraft Protection by speaking with a CNB Retail Banker today



OVERDRAFT PROTECTION
Each overdraft paid or returned is subject to a fee ($25), not to exceed five overdraft fees per day ($125), and will be deducted from your available Overdraft Protection limit. Every withdrawal, check, ATM withdrawal or any other electronic transaction, on an overdrawn account will be charged an overdraft fee. Overdraft fees will not be assessed if the end of day balance is overdrawn by $5 or less. Overdraft items in excess of your limit may be paid or returned at the Bank’s discretion and assessed a fee. Even if Overdraft Protection is available, this does not guarantee all items that overdraw the account will be paid.


Your overdrawn balance must be paid in full within 30 days after the overdraft first occurs, for at least 1 business day or your limit will be suspended. Overdraft Protection will be suspended if 10 or more items are returned in a statement cycle. A suspension is defined as the removal of an Overdraft limit until the account is returned to a positive balance and the account must remain positive for 5 consecutive business days.


HOW TRANSACTIONS POST TO YOUR ACCOUNT

Helpful transaction posting order facts and tips


TRANSACTION POSTING ORDER

Deposits or credits to an account post before any withdrawal or debit transactions. In the normal course of business, the Bank generally posts all withdrawal or debit items from lowest to highest dollar amount, unless otherwise noted in the chart or helpful facts below. Transactions post during nightly processing at the end of each business day after being sorted into the following groups: chargebacks & wire transfers, internal transfers, in-branch cash withdrawals, ATM withdrawals, debit card transactions, ACH transactions, checks, other bank transactions, and service charges.


Table 1.1 shows the usual order for the most common transactions that post to an account during nightly processing.

Transaction posting chart

HELPFUL TRANSACTION POSTING ORDER FACTS

• Nightly processing occurs on regular business days (e.g. no Saturdays, Sundays or federal holidays)
• Deposits and other credits post before any withdrawal or debit transactions
• ACH transactions with no check numbers post before those with check numbers. Transactions that have a check number post in check number order, from low to high
• Checks with no check numbers post before those with check numbers. Transactions that have a check number post in check number order, from low to high
• Overdraft fees post after each transaction that causes an account to be overdrawn
• Transactions may not be processed in the order in which they occur
• The order in which transactions post may affect the total number of fees that are incurred


TIPS TO AVOID OVERDRAFT AND NON-SUFFICIENT FUNDS FEES

• Consider setting up a Pre-Authorized Overdraft Transfer from another account at City National Bank
• Practice responsible account management
• Keep your check register up-to-date to track how much money is in your account
• Record checks and all other transactions when you make them. Don’t forget to record spending by other account owners/signers
• Pay special attention to record your ATM withdrawals and fees, VISA Debit Card purchases, and other online payments
• Make sure you record all automatic payments (such as utility, insurance & loan payments) and account fees in a timely manner
• Remember that some checks and automatic payments may not have cleared your account yet
• Review your monthly account statements. Between statements, use CityNET Online Banking, Mobile Banking or Telephone Banking to check your balance and view which payments have cleared
• When possible, keep extra funds in your checking account
• Limit the number of times your overdraft protection amount is accessed. Withdraw all funds needed in one transaction at a CNB branch or CNB ATM
• Remember that the order in which transactions post may affect the total number of fees that are incurred. Transactions may not be processed in the order in which they occurred

View Terms and Conditions



Questions? | 1 (866) 385-3444

    City National Bank

  •   PO Box 2009,
         Lawton, OK 73502
  •   cnb@cnbok.com
  •   (866) 385-3444

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