Bank SNB's Overdraft Allowance
An overdraft fee of $30.00 is charged on each item paid. Plus a daily fee of $3.25 is charged for each day an account is in overdraft status (two free days per statement cycle; fee not applicable in Texas). Fees may be triggered by overdrafts created by check, in-person withdrawal, ATM withdrawal, POS or other electronic means. Account must be brought to a positive balance once every thirty days or demand will be made for payment of the negative balance including any overdrafts. Whether your overdrafts will be paid is discretionary and Bank SNB reserves the right not to pay. For example, Bank SNB typically does not pay overdrafts if your account or any loan with us is not in good standing, or you are not making regular deposits, or your account is subject to any legal or administrative order or levy.
*Bank SNB's Overdraft Allowance Terms & Conditions
Under the Bank SNB Overdraft Allowance program, and subject to the limitations in this section, Bank SNB may approve and pay overdrafts up to $700 for personal checking account types. You agree that approving overdrafts is a discretionary courtesy, and not a right or an on-going obligation.
Bank SNB extends this courtesy provided your account has been open for more than 30 days and is in good standing, which includes at least making regular deposits consistent with your past practices, the account having a positive available balance at least one day during a statement cycle, your not being in default on any loan or obligation to Bank SNB, and the account not being subject to any legal or administrative order or levy.
ALL applicable insufficient fund/overdraft fees will be charged and included in the $700 limit for personal checking accounts. Fees may be triggered by overdrafts created by check, in-person withdrawal, ATM withdrawal, POS or other electronic means. The total of the courtesy overdraft (negative) balance, including any and all bank fees and charges, is due and payable on demand.
Credit reporting agencies may be notified if you do not repay balances due. Bank SNB may, at its discretion and at any time, discontinue the Overdraft Allowance program, and declare all balances due and payable.
Please refer to a current Bank SNB Schedule of Fees & Charges for specific fees related to the Overdraft Allowance program and insufficient funds.