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.
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:
Commencing August 15, 2010, we do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):
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)
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 to have Blue Ridge Bank pay overdrafts on ATM and everyday debit card transactions.