What you need to know about Overdraft Protection Fees

An overdraft occurs when you do not have enough money in your account to cover a transaction. Courtesy Pay allows you to overdraw your checking account up to $1,000 in order to pay for transactions. A $35 fee will be assessed for each transaction. There is no cost for Courtesy Pay if no overdrafts occur. If you are able to use Linked Account Transfers, Courtesy Pay can be used after linked account transfers have been exhausted. Patriot offers two options for you to protect your account.

Patriot’s Standard Courtesy Pay: Covers overdrafts from checks, ACH, and monthly recurring debit transactions up to $1,000.00. A $35.00 fee will apply to each item causing an overdraft. All debit and ATM transactions would be declined with no fee charged.

Patriot’s Courtesy Pay Plus: This plan covers what our standard courtesy pay covers, plus ATM, debit card, Point of Sale, and one time debits up to $1,000.00. A fee will apply to each item causing an overdraft.

If you are currently not enrolled in any of our Courtesy Pay plans, you are not covered, and therefore, ACH electronic payments and checks would be returned if the funds were not available and your debit card would be denied. You would be charged an NSF fee of $35.00 for each ACH electronic item or check that attempts to clear the account.

For Questions or to setup an Overdraft Protection Plan, stop by any of our offices or call our toll free number at 888-777-9982.