Overdraft Protection

There when you need it

Sometimes unanticipated expenses or circumstances arise leaving you with too little cash in your checking account. Having a check bounce can be inconvenient and a bit embarrassing. At Crossroads, we don’t encourage overdrafts, but we do provide coverage to protect you from the occasional instances when you may need it most.

 

Overdraft Protection is a service we offer where Crossroads pays the item for you when you do not have enough money in our account to cover transactions, such as checks, electronic funds transfers, automatic bill payments, recurring debit card transactions and other transactions made using your checking account. We will not include ATM and everyday debit card transactions within Overdraft Protection without first receiving your affirmative consent to do so.

 

We offer the following Overdraft Protection options:

  • Standard Overdraft Protection – A discretionary service that is available to you 30 days after your checking account relationship begins and remains in good standing*
    • We do authorize and pay overdrafts for checks, electronic funds transfers, automatic bill payments, recurring debit card transactions and other transactions made using your checking account.
    • Our standard overdraft protection limit is $750.00.
    • No service fee** unless you use it.
  • Affirmative Consent Overdraft Protection – A discretionary service that is available to you 30 days after your checking account relationship begins and remains in good standing*
    • We do authorize and pay overdrafts for ATM transactions and everyday debit card transactions if you provide your affirmative consent.
    • To authorize us to pay overdrafts on ATM and everyday debit card transactions call (260) 563-3185.
  • Automatic Transfers – You may link your Crossroads savings account to your checking account. In the event of an overdraft, we will automatically transfer money from your savings to your checking to cover it.
    • There will be a single per day fee of $10 debited from the checking account if a transfer or transfers occur.
  • Overdraft Line of Credit – You may also apply for an Overdraft Line of Credit. Upon approval, your Overdraft Line of Credit will be linked to your checking account. In the event of an overdraft, we will automatically transfer funds (in $100.00 increments) to cover the overdraft.
    • There will be a single per day fee of $10.00 debited from the checking account if a transfer or transfers occur.

 

Learn more about overdraft protection. Contact Us

 

* An account is considered in good standing if; (1) You are making regular deposits, (2) You do not have excessive overdrafts, (3) You are not in default on any loan obligation to the bank, (4) You resolve all negative balances within 30 days of the original overdraft, and (5) Your account is not the subject of any legal administrative order or levy.

** Non-Sufficient Funds Fees:

  • Non-Sufficient Funds (NSF Returned): $10.00 fee per return when the negative balance is ($0.01) to ($10.00) and $34.00 fee per return when the negative balance is ($10.01) or greater.
  • Non-Sufficient Funds (NSF Paid): $10.00 fee per return when the negative balance is ($0.01) to ($10.00) and $34.00 fee per return when the negative balance is ($10.01) or greater.
  • An item or transaction that is returned and later represented to us may result in you incurring additional fees, such as multiple NSF fees each time that the item or transaction is presented.