What is Overdraft Defender
You never know when an unanticipated expense or mathematical error will leave your checking account short of cash.
With Overdraft Defender, we will honor your overdrafts, at our discretion, up to an assigned limit. This gives you the peace of mind of knowing you will not have the embarrassment of having a check returned due to insufficient funds. Overdraft Defender is a special privilege for customers who have maintained their checking account in good standing.
There is no charge for Overdraft Defender unless you use it. If an overdraft occurs, the normal overdraft fee of $27.00 per item will apply. You will receive a notice that reflects the item(s) paid and the bank's overdraft fee.
Transactions which may, at our discretion, be honored include:
Going Over Your Limit
Should you write checks that put you over your limit, we may, at our discretion, return the check(s) to the payee(s). In addition, the $27.00 per item return fee will be charged to your account and an insufficient funds notice will be sent to you.
If your checks are returned:
Repaying Overdrafts and Fees
You will be required to bring your checking account to a positive balance within 15 calendar days of your overdraft. If, after 15 days your account remains in a negative position, we may close your account and take appropriate steps to recover funds advanced to cover your overdrafts, as well as the bank's fees.
For more information, contact any United Bank of Iowa location.
Each depositor insured to at least $250,000.
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