Overdraft Privilege
As a benefit to our clients, we offer a useful feature on some of our checking account products called Overdraft Privilege. With this Overdraft Privilege, Bank of Oak Ridge can pay your non-sufficient-funds (NSF) checks, recurring debits, automated clearinghouse transactions, ATM withdrawals, one-time debit card purchases, in-person transactions, other electronic debits, and overdraft fees up to a pre-approved limit. This feature will save you time, and the additional fees charged by many other companies.
Unless you expressly opt in to Expanded Coverage for the Overdraft Privilege, one-time debit card purchases and ATM withdrawals will not be covered.
We encourage you to keep careful records and practice good account management. This will help to avoid initiating items without sufficient funds and incurring the resulting fees.
If you would like to learn more about Overdraft Privilege or Expanded Coverage on Overdraft Privilege please contact us.