Opt In Form
Available to customers in the Overdraft Privilege service.
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, but we pay it anyway.
We can cover your overdrafts in two different ways:
1. We have
standard
overdraft practices
that come with your account.
2. We also offer
overdraft
protection plans
, such as a link to a savings account or to an overdraft
line of credit, which may be less
expensive than our standard overdraft practices. To learn more, ask us
about these plans.
This notice explains 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
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
We pay overdrafts at our discretion, which means we
do not guarantee
that we will always 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 Union Bank
& Trust Company pays my overdraft?
Under our standard overdraft practices:
We will charge you a fee of up to
$34
each time we pay an overdraft.
We charge an overdraft
item fee for each item paid or returned up to a maximum of 5 per day.
A $25 continuous overdraft fee will be charged on every fifth consecutive business day the account is in overdraft status.
What if I want Union Bank & Trust
Company to authorize and pay overdrafts on my ATM and everyday debit
card transactions?
If you also want us to authorize and pay overdrafts on ATM and everyday debit
card transactions, call 1-800-297-2837 or (402) 323-1777,
or
complete the online Opt In form below.
Account Holder Name
I want Union Bank & Trust Company to authorize and pay overdrafts on my ATM and
everyday debit card transactions.
Please print and retain a copy of this form for your records.