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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 an Overdraft Privilege Service that comes with your account. (*See Overdraft Privilege disclosure below for details.)
  • We also offer Automatic Transfer service that links to another checking account or savings account that may be less expensive. (**See Overdraft Protection below for details.)

What are the Overdraft Privilege services 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 and ACH items

We will 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 Cross County Bank pays my overdraft?

Under our Overdraft Privilege service:

  • We will charge you a fee of up to $30.00 for each item that is presented
  • However, if your account is overdrawn by a total of $5 or less after end-of-day processing, you will not be charged an overdraft fee for that day
  • We will charge you no more than five (5) paid overdraft item fees per day. Insufficient items that exceed the overdraft protection limit and returned will be charged an insufficient fee of $30 for each occasion.

What if I want Cross 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, print and complete our Consent Form. After completion, drop off the form at any branch location, or mail the form to:

Cross County Bank
P. O. Box 9
Wynne, AR 72396-0009

If you authorize the bank to pay overdrafts for ATM and everyday debit card transactions, you may revoke it at any time.

*Overdraft Privilege Disclosure

Subject to eligibility criteria an account with Overdraft Privilege will generally have overdraft items covered up to $500. Whether your overdrafts will be paid is discretionary and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is not in good standing, or you are not making regular deposits, or you have too many overdrafts. You will be charged our normal overdraft or return item fee of $30 for each item that is presented, and you must bring your account to a positive balance within 30 days. Overdraft Privilege is available for all checks written, in-person withdrawals, ACH transactions, preauthorized automatic transfers, internet banking and telephone banking.

**Overdraft Protection

With your authorization, your savings account can be tied to your checking as a backup for overdraft checks. Overdraft fee drops from $30 per item to $10 per day for any number of checks presented for payment. Transfers from savings are made in $100 increments.