Overdraft Coverage Options

OVERDRAFT PRIVILEGE AND OVERDRAFT PROTECTION

Life happens! USAmeriBank understands that unexpected overdrafts occur from time to time – Overdraft Coverage can help.

Overdraft Coverage Options
The choice is yours. Consider these ways to cover overdrafts:

ServiceCost
Overdraft Protection Link to Another Deposit Account you have at USAmeriBank1 $5 fee per transfer
Line of Credit1, 2 Subject to fees + interest
Overdraft Privilege $36 Overdraft Fee per item.

1Call us at 800-949-5666, email us at ODP@usameribank.com, or come by a branch to sign up or apply for these services;
2Subject to credit approval.

Overdraft Protection services apply to all transactions and may help prevent overdrafts by automatically transferring funds to your checking accoung from another account or line of credit you may have at US AmeriBank for a fee or finance charge.  Please note that overdraft lines of credit are subject to credit approval.

Overdraft Privilege allows you to overdraw your account up to the disclosed limit for a fee in order to pay a transaction. Even if you have overdraft protection, Overdraft Privilege is still available as secondary coverage if the other protection source is exhausted.

For consumer accounts, there is a limit of 5 Overdraft Fees($180) per day we will charge.  We will not charge an Overdraft Fee if the account is overdrawn $3 or less.  These exceptions do not apply to business accounts.

Transactions Covered with
Overdraft Privilege
Standard Coverage
(No action required)
Extended Coverage
(Your consent required
on consumer accounts)*
Checks X X
ACH - Automatic Debits X X
Recurring Debit Card Payments X X
Online Bill Pay Items X X
Teller Window Transactions X X
ATM Withdrawals   X*
Everyday Debit Card Transactions   X*

If you would like to select Extended Coverage for future transactions:

  • call us at 800-949-5666 or
  • complete the online consent form found below or
  • visit any branch or
  • complete a consent form and mail it to us at PO Box 17540, Clearwater, FL 33762 or
  • e-mail us at ODP@usameribank.com

*If you choose Extended Coverage on your consumer account, ATM withdrawals and everyday debit card transactions will be included with the transactions listed under Standard Coverage. If you already have Extended Overdraft Privilege coverage, it is not necessary to request it again. Business accounts automatically have Extended Coverage.

You can discontinue the Overdraft Privilege in its entirety by contacting us at 800-949-5666 or sending us an e-mail at ODP@usameribank.com.

Authorization to Pay Overdrafts from ATM and Everyday Debit Card Transactions

To authorize the Bank to pay overdrafts on ATM and everyday debit card transactions:

Full Name*
For more information on overdraft coverage options, CLICK HERE.