Overdraft Privilege
We’re always looking for ways to make banking
with us as easy and convenient as possible. And, here’s proof: we’ve
added a valuable new service – Overdraft Privilege – to our consumer
checking accounts.
What are the benefits of
Overdraft Privilege?
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Overdraft Privilege reduces and may eliminate
bounced checks and returned check charges from merchants.
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Overdraft Privilege is flexible, convenient and
provides peace of mind.
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You can access Overdraft Privilege for all
checks written, ACH items, ATM and Point of Sale transactions and
preauthorized automatic transfers.
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You do not need to do anything to activate this
service.
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If you don’t use it, it won’t cost you
anything.
How do I sign up for
Overdraft Privilege?
When you open a consumer checking account at
ProGrowth Bank, your account will be reviewed after 30 days to
determine whether you meet the eligibility criteria for an Overdraft
Privilege limit of $500.00*. Once approved, you will receive a
letter in the mail confirming that you have qualified for Overdraft
Privilege!
*With Overdraft Privilege, we reserve the right to not pay any
items presented at our sole discretion. However, as long as your
account is in good standing, based on the criteria listed in the
Overdraft Privilege disclosure (which you will receive at account
opening) we will generally pay your overdraft items up to $500.00.
You will be charged our normal NSF/Overdraft fee of $27.00 for each
item that is presented.
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