1 Subject to eligibility requirements and credit approval. Interest will accrue on amounts advanced and at the interest rate stated in the line of credit or Personal Reserve Account agreement. Lines of credit and Personal Reserve Accounts may be subject to additional charges; see line of credit or Personal Reserve Account agreement for details.
2 The Overdraft Coverage Program is a discretionary service. Columbia Bank is under no obligation to pay items when your account has non-sufficient funds (NSF), even if previous NSF transactions were paid. Columbia Bank reserves the right to require you to pay an overdraft immediately. Columbia Bank typically does not pay overdrafts if your account is not in good standing or you are not making regular deposits.
3 If you overdraw your account by more than $10 on one business day, you will be charged a fee of $35 for each check, in-person withdrawal or electronic item we pay or return and your account becomes subject to Continuous Overdraft Charges, if applicable. A $5 Continuous Overdraft Charge will be charged on the first business day after the account is both: (1) overdrawn for five business days and (2) overdrawn by more than $10. The fee will continue to be charged on each business day thereafter until the account is no longer overdrawn by more than $10 or is charged off and closed. Overdrafts by bank service charges or fees can cause Continuous Overdraft Charges. For personal accounts, the maximum of combined Overdraft Fees, Returned Item Fees and Continuous Overdraft Charges an account may be charged in one business day is $180. See Deposit Account Agreement and Services and Fees Schedule for full details.
4 Overdraft fees, including Continuous Overdraft Charges, for overdrafts caused solely by ATM and/or everyday debit card transactions do not apply if you do not authorize coverage for these types of transactions.
5 If you have authorized Overdraft Transfer from a Deposit Account and you are enrolled in the Overdraft Coverage Program, funds from the deposit account you selected will be used first to cover the overdraft. If you have authorized both Overdraft Transfer from a Deposit Account AND Overdraft Transfer from a Line of Credit or Personal Reserve Account, you must specify the order of coverage.
See Deposit Account Agreement and Services and Fee Schedule for details.