Overdraft Services

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:

 1) Overdraft Honor (with or without Opt In Protection) –  available to accounts in good standing

 2) Overdraft Transfer Service – funds are automatically transferred from one of your other Heartland Bank accounts to cover any overdrafts.

 3) 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.

What are the standard overdraft practices that come with my account?

At our discretion we may authorize and pay overdrafts for the following types of transactions:

  • Checks and other transactions made from your checking account
  • Automatic bill payments
  • Recurring debit card transactions (example: monthly membership dues)

We will not authorize and pay overdrafts for the following types of transactions unless you authorize us to (see Opt In Protection):

  • ATM transactions
  • Everyday debit card transactions

What fees will I be charged if Heartland Bank pays my overdrafts?

Under our standard overdraft practices:

  • You will be charged a fee of $30 for each item that overdraws your account. You will not be charged more than $120 in overdraft charges on any given day. 
  • If your consumer account is overdrawn for 4 or more consecutive business days, you will be charged an additional fee of $5 per day beginning the 4th day until the balance is positive.

Opt In Protection

At Heartland Bank, we understand that life happens. That’s why we offer our customers services that keep them protected while giving them peace of mind. With Opt In Protection, you are ensuring your debit card still works in situations when your funds are low. Whether there’s an emergency, unexpected bills or you simply forgot to check your account that day, Opt In Protection keeps you covered.


How Does Opt In Protection Work?

When Heartland Bank issues you a debit card, the Federal Reserve requires you to either allow or deny us the authorization to apply overdraft services when necessary. By opting in, you are allowing us to cover any insufficient funds you have anytime you are purchasing something. 

If you don’t opt in, your debit card will be declined when you don’t have enough money in your account – whether you’re making a purchase or a withdrawal at an ATM.

Learn more about Federal Reserve rules.

Opt In Protection FAQs

Here are some of the most frequently asked questions about Opt In Protection at Heartland Bank:

Why should I opt in?

By opting in, you are saying yes to peace of mind. Although you may never need to use the service, it’s important to have that protection in place in case you ever need it. Another good part about opting in:  you won’t be charged unless you use the service.

Does opting in mean I’ll pay overdraft fees?

You won’t be charged if you don’t overdraw your account. Opting in simply means your card won’t be declined if you don’t have enough money to make a purchase. That can be very useful in situations like an emergency. However, if your account is overdrawn, you may be subject to overdraft fees. 

How do I opt in?

Sign up by filling out and returning the Opt In Protection Form.

For a full list of the most commonly asked questions, check out our Opt In Protection FAQ! 

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Overdraft Transfer Service

Protect your personal or DBA checking account from overdrafts by linking to your savings, money market, or another checking account.

How does the Overdraft Transfer Service work?

Funds will automatically be transferred from the available balance in the linked account if an overdraft occurs on the covered account. One transfer occurs during nightly processing to cover the overdrawn balance, regardless of the number of transactions that create an overdraft.

Is this service available on all checking accounts?

No. The Overdraft Transfer Service is only available on personal accounts and on DBA (sole-proprietor) accounts. Businesses needing this type of service should discuss other options with a personal banker.

Is there a fee?

A $10 transfer fee is charged only if a transfer occurs. One transfer will occur during nightly processing to cover the overdrawn balance; there is not a transfer for each transaction that overdraws the account.

Which account is charged the $10 fee?

The fee is charged to the account that has become overdrawn (the protected account). The transfer amount will include funds to cover the overdrawn amount plus the transfer fee.

How much will transfer at a time?

You can choose to have only the amount needed or you can request an incremental amount—for example, $100 increments.

How do I sign up?

You have several options. You can print and complete the Authorization form and mail it in; you can visit any office; or you can call us. We look forward to assisting you!

More questions?

Please give us a call at 888-897-2276.