Overdraft Services
Credit Reserve Line[cite::67::cite]
A credit reserve line is attached to your NB|AZ checking account. Whenever you attempt to spend more money than is in your account, this line of credit helps protect you from accidental overdrafts.
Please visit your local branch for details.
Deficit Funds Transfer[cite::70::cite] [cite::72::cite]
When you’re running low on funds, a deficit funds transfer moves money from your other NB|AZ® savings, money market[cite::64::cite] or secondary checking account[cite::72::cite] to your primary checking account.
Please visit your local branch for details.
Debit Card Overdraft Service[cite::72::cite]
With Debit Card Overdraft Service, NB|AZ covers your ATM withdrawals and one-time debit card purchases at our discretion, even when your funds are unavailable. This service is separate from other NB|AZ overdraft protection options and you must opt-in. If you opt-in, these transactions may be paid at NB|AZ discretion, which means NB|AZ does not guarantee to always authorize and pay these transactions and fees will apply.
Overdraft fees may be imposed on transactions such as ATM withdrawals, debit card transactions, pre-authorized automatic debits, telephone-initiated transfers or other electronic transfers, and checks.
Determining factor for payment include how long your account has been opened, balances maintained, past overdrafts, and the amount of the transaction. Service does not guarantee transactions will be authorized and the bank reserves the discretion to pay or decline payment based on these factors.
Best Account Coverage
Select one of our Overdraft Protection services such as Credit Reserve Line or Deficit Funds Transfer, and opt-in to Debit Card Overdraft Service for the best possible coverage.
Fees
- A Non-Sufficient Funds (NSF) Fee of $35 is charged for each transaction, up to a maximum of five fees per account per business day
- A Non-Sufficient Funds (NSF) Fee of $35 is charged per transaction posted against insufficient funds, whether the bank pays or returns the transaction
- No fee charged if the account is overdrawn $5 or less after all transactions post following close of business
- An overdrawn account should be returned to a positive balance promptly and accounts overdrawn for 30 days are subject to closure.
- Continuing Overdraft Fee $35
- Continuing Overdraft Fee is charged if an account remains overdrawn more than $5.00 for 7 consecutive calendar days. The fee will be charged for up to three consecutive 7-calendar day periods that an account is overdrawn more than $5.00.
Fees count against the disclosed overdraft protection dollar limit. Any fees charged for covering overdrafts, as well as the amount of the overdraft item, will be subtracted from any overdraft protection limit disclosed. Transactions may not be processed in the order in which they occurred, and the order in which transactions are received and processed can affect the total amount of overdraft fees incurred.
IMPORTANT INFORMATION REGARDING CONTINUING OVERDRAFT FEE: Beginning August 19, 2020, our Overdraft Service Fee is changing. The Overdraft Service Fee, which was charged daily to overdrawn accounts, will be discontinued and replaced with a Continuing Overdraft Fee.