OCONEE COUNTY'S COMMUNITY BANK

SINCE 1957

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Overdrafts

What You Need to Know

An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in two different ways:

  • We have standard overdraft practices that come with your account.
  • We also offer one or more overdraft protection plans, such as Overdraft Privilege, which may be less expensive than our standard overdraft practices. 

 

Our Standard Overdraft Practices

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

Commencing August 15, 2010, we do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):

  • ATM transactions
  • Everyday debit card transactions

Also:

  • 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 Blue Ridge Bank pays my overdraft?
  • Under our standard overdraft practices: (Consumer Accounts Only)
  • We charge a fee of $30 each time we pay an overdraft.
  • You will not be charged an overdraft fee if your overdrawn amount is $5 or less.
  • You will not be charged more than five overdraft fees per day.

What if I want Blue Ridge Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions?

  • Complete this secure online form on the right side to have Blue Ridge Bank pay overdrafts on ATM and everyday debit card transactions.

 

 

Secure Overdraft Form

*required fields