![]() ![]() First National Bank of Waynesboro authorizes and pays transactions using the available balance in your account.If you consent to Extended Coverage on your consumer account, it will remain on your account until it is otherwise withdrawn. However, this would allow us to authorize transactions up to the amount of your Overdraft Privilege limit and may also help you avoid overdrafts in excess of your available balance. Giving us your consent to pay everyday debit card and ATM overdrafts on your consumer account (Extended Coverage) may result in you incurring Overdraft Paid Item Charges for transactions that we would otherwise be required to pay without assessing an Overdraft Paid Item Charge.Although under payment system rules, First National Bank of Waynesboro may be obligated to pay some unauthorized debit card transactions, First National Bank of Waynesboro will not authorize debit card or ATM transactions unless your account’s available balance (including Overdraft Coverage Options) is sufficient to cover the transactions and any fee(s).Holds on funds (described herein) and the order in which transactions are posted may impact the total amount of Overdraft Fees or Return Item Fees assessed. ATM, ACH and debit card transactions are posted from lowest to highest dollar amount (or in the order in which the items are received), while paper checks are posted in check number order (or lowest to highest dollar amount) however, because of the many ways we allow you to access your account, the posting order of individual items may differ from these general policies. Our general policy is to post items throughout the day and to post ACH credits before debits. This describes the posting order for purposes of determining overdrafts.These exceptions do not apply to business accounts. We will not charge an Overdraft Paid Item Charge if a consumer account is overdrawn by $5.00 or less. For consumer accounts, there is a limit of 8 Overdraft Paid Item Charges ($224) per day we will charge.If your account balance remains overdrawn for longer than 7 business days, we will charge your account a daily Overdraft Fee of $1 for each of the consecutive business days the account remains overdrawn, beginning with day 7.We will charge an overdraft or return item fee regardless of the number of times an item is presented to us for payment against insufficient funds, and regardless of whether we pay or return the item. Any item (check, ACH, or other electronic transaction) that is initially returned to the payee because the available balance in your account was not sufficient to cover the item can be represented by the payee for payment multiple times, which is beyond our control.Recipients of federal or state benefits payments who do not wish us to deduct the amount overdrawn and the Overdraft Paid Item Charge from funds that you deposit or that are deposited into your account may call us at (706) 554-8100.Your account may become overdrawn more than the Overdraft Privilege limit amount because of a fee. All fees and charges will be included as part of the Overdraft Privilege limit amount. If multiple items overdraw your account on the same day, each item will be assessed an appropriate Overdraft Paid Item Charge or a NSF Returned Item Charge of $28. If your consumer account is overdrawn by $5.00 or less, the Overdraft Paid Item Charge is $0. The $28 Overdraft Paid Item Charge that is charged if you overdraw your account is the same fee that is charged if an item is returned as unpaid.For financial education resources, please visit. Use our mobile, internet, and telephone banking services to track your balance. A single larger overdraft will result in one fee, instead of multiple smaller overdrafts. A link to another account may be less expensive than an overdraft. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |