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 the following way:
1) We have a discretionary OverdraftHonor Privilege Service Policy that comes with your account, effective 30 days after opening, providing the account is in good standing.
Sutton Bank will generally pay checks and permit transactions to be paid up to the established limit per account for NSF items, on checking accounts in good standing. Good standing may include any or all of the following criteria:
Sutton Bank is not obligated to pay any item presented for payment if the account does not contain sufficient collected (available) funds. Any discretionary service payment of any NSF item(s) does not obligate us to pay any additional NSF item(s) or to provide prior written notice of our decision to refuse to pay any additional NSF item(s).
Once your account has been open for at least 30 days and is in good standing, we DO authorize and pay overdrafts on the following types of transactions up to the established overdraft limit:
As required by federal regulation, we will not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):
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.
Under our OverdraftHonor Policy:
If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, complete the form below, call 419-426-5601 (Press or say 8), or visit any of our locations.
Our automated telephone banking system, VoiceAccess, is set up to accept your opt-ins. Call 419-426-5601, and select or say (option) 8. Customer Service Representatives are also available to accept your opt-in by calling 800-422-3641.
If you prefer to opt-in by mail, please print this form and send it to:
PO Box 505
Attica, OH 44807
Sometimes it's easier to talk about things in person. Please visit any of our locations and ask a personal banker to help you decide what is best for you.