What you need to know about overdrafts.
An overdraft occurs when you do not have enough money in your account to cover a transaction, and we pay the item anyway. Your overdrafts can be covered in several ways:
Overdraft Honor (with or without Opt In Protection) – available to accounts in good standing
Overdraft Transfer Service – funds are automatically transferred from one of your other Heartland Bank accounts to cover any overdrafts.
Reserve Line – a line of credit specifically to cover those unexpected expenses and emergencies
Overdraft protection services can be crucial when it counts most! Like those times when emergencies or unexpected expenses come up right when your balance is lowest.
At our discretion we may authorize and pay overdrafts for the following types of transactions:
We will not authorize and pay overdrafts for the following types of transactions unless you authorize us to (see Opt In Protection):
Under our standard overdraft practices: