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Overdraft Solutions

Protection Against Non-Sufficient Funds

Sometimes, all it takes is one unexpected expense to put a strain on your checking account. At Banterra, we know that mistakes happen and overdrawing on your checking account can happen to anyone. With Banterra Overdraft Protection services, you’re protected from checks being returned and the overdraft fees that come from non-sufficient funds.


How You Can Protect Against Overdrafts

The simplest way to prevent overdrafts is to make sure you’re always aware of the balance of your account. We encourage you to utilize our convenient Digital Banking offerings to monitor balances, make deposits and even set up alerts for your accounts. These alerts will notify you if your balance falls below a certain level.

How Overdraft Protection Works

You can avoid being overdrawn in your checking account by signing up for Overdraft Protection. If your account does not have funds to cover items, this service will automatically transfer funds from your designated accounts, up to the available balance in the accounts. We can set up Overdraft Protection for your eligible personal and business accounts, as these transfers are not a loan.

These accounts include:

  • Checking accounts
  • Savings accounts1
  • Money Market accounts1
  • Home Equity Line of Credit

You can choose from one of the following options:

  • Transfer the exact amount overdrawn plus the transfer fee.
  • Transfer in $10 increments to cover amount overdrawn plus transfer fee.
  • Transfer in $1,000 increments with a target balance of $1,000 to cover amount overdrawn plus transfer fee.

It’s easy to sign-up for Overdraft Protection. Simply fill out a form in Digital Banking or visit your local Banterra branch to enroll.

A small, one-time set-up fee of $4.50 is required to sign-up for Overdraft Protection. This fee is automatically charged to the protected checking account.2 A $10 daily fee will be assessed each day a transfer occurs. Without Overdraft Protection, our standard overdraft practice will apply which is $37 each time we pay an overdraft or return an item on your account.

1 Savings and Money Market accounts are limited to six (6) withdrawals per month or statement cycle. If this has been reached, no transfer will occur to cover overdrafts. Smart Kids Savings or any other minor savings account cannot be used to fund Overdraft Protection.

2 Customer signing up for Overdraft Protection must be the owner on all funding accounts and the protected checking account. Consumer accounts can only be funded by consumer accounts; business accounts can only be funded by business accounts. Some reasons why funds will not be transferred include these events: Not sufficient funds available in the funding account; account is pending closed status or is a debit post restricted account; loan is delinquent, at maturity, or bankruptcy.

How Does This Compare To Not Having Overdraft Protection?

As part of your Banterra checking service, you are charged $37 each time we pay an overdraft or return an item to your account. With Overdraft Protection, a single Overdraft Protection transfer fee of $10 per day is charged to your account, regardless of the number of transactions presented for payment that day. This transfer fee will be waived if the overdraft amount is $5 or less or if the amount needed to maintain the target balance is $5 or less.

Overdraft OptionsNumber Of Overdraft Items Per DayTotal Fees
Standard Overdraft Practice4$148
Overdraft Protection4$10