Standard Overdraft Services
What You Need to Know about Overdrafts and Overdraft Fees
An overdraft occurs when you do not have enough money in your account to cover a transaction.
This notice explains our standard overdraft practices.
1. We have standard overdraft practices that come with your account.
2. We also offer an overdraft protection transfer. Protect your checking account from additional overdraft fees by linking it to a Fidelity savings account or secondary checking account, which may be less expensive than our standard overdraft practices. To learn more, ask us about this plan.
What are the standard overdraft practices that come with my account?
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
We do not authorize and pay overdrafts for the following types of transactions:
- ATM transactions
- Everyday debit card transactions
We do 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. If we pay the overdraft, you agree, immediately upon notice from us, to deposit funds sufficient to cover the overdraft plus any service charge we impose.
What fees will I be charged if Fidelity Bank pays my overdraft?
Under our standard overdraft practices:
- We will charge you a fee of $35.
- We have a limit of $175.00 on the total fees we charge you for overdrawing your account on any one day.
- See our Deposit Account Agreement and Disclosure for more information.