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Overdraft Protection Notice
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What you need to know about Overdraft and Overdraft Fees

 

An overdraft occurs when you do not have enough available funds in your account to cover a transaction, but Pathward, National Association elects to pay it anyway.  We offer an optional Overdraft Protection Service (the “Service”) that is explained below.

This notice explains our Service.

 

What are the standard overdraft practices that come with my account?

We do not authorize and pay overdrafts for the following types of transactions:

·       Checks and other transactions made using your account number

·       ACH debit transactions

·       Automatic payments

We do not authorize and pay overdrafts for the following types of transactions unless you enroll in our optional Service:

·       ATM withdrawals

·       Everyday debit card transactions

We 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.

 

What fees will I be charged if Pathward, National Association pays my overdraft?

Under our Service:

·       If you overdraw your account by more than $10.00, we will charge you a $15.00 Overdraft Fee each time we pay an overdraft.

·       To avoid being charged the Overdraft Fee, you must bring the Available Balance of your account to zero or a positive balance within twenty-four (24) hours of the first settled transaction that caused you to overdraw your account.

·       There is a limit of four (4) Overdraft Fees we can charge you per statement cycle.

 

What if I want Pathward, National Association to authorize and pay overdrafts on my ATM and everyday debit card transactions through the Service?

If you want us to authorize and pay overdrafts on ATM withdrawals and everyday debit card purchase transactions, you will need to enroll in the Service by logging into your account at www.myspendwell.com. If you do not want us to authorize and pay ATM withdrawal or debit card purchase overdrafts, simply ignore this offer.

For full terms and conditions regarding the Service, including eligibility requirements, please consult the Overdraft Protection Terms, which you can find at www.myspendwell.com/legal. Once you have successfully enrolled in the Service, you may opt out of the Service at any time.