Overdraft Services

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:

• We have standard overdraft practices that come with your account.
•  We also offer overdraft protection plans, such as a link to a savings account and an overdraft protection 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 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 Coffee County Bank pays my overdraft?

Under our standard overdraft practices:

• We will charge you a fee of up to $30 each time we pay or return an overdraft.
• We will not charge you a fee if your account is overdrawn by $10 or less on any given day.
• Also, if your account is overdrawn for 3 or more consecutive business days, we will charge an additional $3 per day.
• There is a limit of $240 per day on the total fees we can charge you for overdrawing your account.

What if I want Coffee County Bank 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 931‐728‐1975, email us at info@coffeecobank.com, visit www.coffeecountybank.com, or complete the form below and drop off at any of our locations or mail to: P.O. Box 1109, Manchester, TN 37349.  You can revoke your authorization for Coffee County Bank to pay these overdrafts at any time by any of the above methods.  Your revocation must include both your name and your account number so that we can properly identify your account.

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