Life happens and we understand that unexpected overdrafts occur from time to time. Pony Express Bank is here to help you shop with confidence knowing that our Overdraft Privilege Program (ODP) is there for you when you need it. Avoid the embarrassment and inconvenience of a declined card or check, plus costly fees from merchants for returned checks.

Details

Coverage

  • Overdraft coverage available up to $800 for eligible personal accounts
  • Overdraft coverage available up to $1500 for eligible business accounts
  • Checks, in person withdrawals and ACH payments are eligible transactions
  • Debit card and ATM transactions are optional*

Our normal overdraft charge(s) will apply to each item that would create an overdraft on your account. We will send you a notice each time an overdraft occurs.

Please be aware that the overdraft privilege amount is NOT included in your available balance provided through online banking, mobile banking or Pony Express Bank ATM balance inquiries.

 

Consent Form for 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 another account, which may be less expensive than our standard 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, in-person withdrawals, ACH transactions, pre-authorized automatic transfers
  • Automatic bill payments, internet banking transfers
  • Recurring debit card transactions

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 Pony Express Bank pays my overdraft?

Under our standard overdraft practices:

  • We will charge you a fee of $30.00 each time we pay an overdraft.
  • There is a limit of six (6) per item overdraft fees we will charge you for overdrawing your account on any business day.
  • The bank does not charge a checking account participating in the OD program an OD/NSF fee for transactions that overdraw an account by an aggregate amount of $5 or less.

What if I want Pony Express 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 complete the form below.

I consent to authorize and pay overdrafts on my ATM and everyday debit card transactions on the accounts listed below. I am the owner or a joint account owner on these eligible account(s):

IMPORTANT: For security reasons, please list ONLY the LAST FOUR numbers of each account number below.

Opt-In  

Consent to Opt-Out of Overdraft Services

*It is not necessary to complete this form UNLESS you have previously given consent to opt-in.

By completing the form below, I revoke authorization to opt-in and pay overdrafts on my ATM and everyday debit card transactions by utilizing the Overdraft Privilege Service. I understand by revoking this authorization my transaction(s) will be denied.

My revocation is specific to the accounts listed below and I acknowledge it may take up to five (5) business days from date of bank acceptance for revocation to become effective. I understand I can opt-in for Overdraft Privilege Service to consider payment of ATM or Debit Card transactions at any time by contacting the bank.

I revoke my consent to authorize and pay overdrafts on my ATM and everyday debit card transactions on the accounts listed below. I am the owner or a joint account owner on these eligible account(s):

IMPORTANT: For security reasons, please list ONLY the LAST FOUR numbers of each account number below.

Opt-Out