A Special Service for Checking

At times, unanticipated expenses or unforeseen problems can leave you with too little cash in your checking account. Having a check returned due to insufficient funds can be a costly, inconvenient and potentially embarrassing experience.

At Alpine Bank, we do not encourage overdrafts; we encourage you to manage your finances responsibly. However, we want to help save you from possible additional merchant fees and damage to your credit history that might result if a check is returned.

That’s why we provide “Overdraft Privilege,” a special overdraft service for Alpine Bank’s checking accounts.

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Overdraft Privilege FAQ

What is Overdraft Privilege?

Standard Overdraft Privilege (title 'Overdraft Privilege' in this disclosure, unless otherwise specified), is an overdraft service requiring no action on your part. Your Overdraft Privilege limit amount is automatically assigned according to the account type.

 Your Overdraft Privilege limit may be available for checks and other transactions made using your checking account number, automatic bill payments, or recurring debit card transactions. Additionally, for consumer accounts, Alpine Bank offers, at your request, an Enhanced Overdraft Privilege service3, in which we may authorize and pay ATM transfers or withdrawals or everyday debit card purchases using your available Overdraft Privilege limit. Business account(s) are automatically enrolled in Enhanced  Overdraft  Privilege service.

How does Overdraft Privilege work? 

As long as you maintain your account in good standing1, Alpine Bank may approve your overdrafts within your currently available Overdraft Privilege limit. Whether your overdraft item will be paid is discretionary, and we reserve the right not to pay. We typically do not pay overdrafts if your account is not in good standing. Please see our Overdraft Privilege Customer Agreement for all terms and conditions of the Overdraft Privilege service. Please note that the amount of the overdraft item plus our standard non-sufficient funds (NSF) paid item fee2 will be deducted from your overdraft limit. No interest will be charged on the insufficient balance of your account.

How do I know when I use the overdraft limit?

You will receive an overdraft notice each time items are paid using the available Overdraft Privilege, including any fees. When balancing your checkbook, you will need to subtract the amount of each overdraft item, plus our standard NSF paid item fee for each overdraft item2. 

What if I go beyond my Overdraft Privilege limit?

Overdraft items above and beyond your currently available Overdraft Privilege limit may result in those items being returned to the payee. The standard non-sufficient funds (NSF) returned item fee 2 will be charged per item (paid or returned) and assessed to your account. An NSF notice will be sent to the most current address we have on file, notifying you of our action(s).

What is my Overdraft Privilege limit? I have two checking accounts. Can I get Overdraft Privilege on both?

Locate your account type on the following chart and make note of the corresponding limit. If you have multiple accounts for your household, it may be possible to have a limit on each eligible account.1 

Account Type Overdraft Privilege Limit
Liberty Checking $600.00
Elite Checking $1,200.00
Golden Edge Checking $1,200.00
Pioneer Club Checking $1,200.00
Business Checking $1,200.00
Business Checking with Interest $1,200.00
Business Apex Checking $1,200.00
Saver's Choice Money Market $1,200.00
Investor's Choice Money Market $1,200.00
Apex Money Market $1,200.00

How quickly must I repay my Overdraft Privilege?

You should make every attempt to bring your account to a positive balance as soon as possible. However, in order to avoid the possible suspension of your Overdraft Privilege, you must bring your account to a positive end-of-day balance, for at least 1 business day, once every 30 calendar days. If you bring your account to a positive end-of-day balance within this time, your limit may be made available again the first business day after the positive balance. If you are not able to bring your account to a positive balance within 30 calendar days after the creation of the negative balance, you will receive a letter from Alpine Bank informing you of the situation and your options. If, thereafter, your account has not been brought to a positive balance, we may suspend your Overdraft Privilege and additional items may be returned.

What does my Overdraft Privilege cost?

There is no additional cost associated with this service unless you use it. You will be charged our standard NSF paid item fee2 for each NSF item paid that was by check, in-person withdrawals, automatic payment (ACH) transaction, recurring debit card payment, or any other debit transaction made using your checking account. Additionally, for consumer accounts, if you have requested us to do so, Alpine Bank may authorize and pay ATM transfers or withdrawals and everyday debit card purchases3 and charge our standard NSF paid item fee 2 for each item. To help you manage your account, the total fees you have paid for NSF items (both paid and returned) during the current month and for the year to date will be reflected on your monthly checking statement in accordance with federal regulations.

What are some of the ways I can access my Overdraft Privilege limit? Will my limit be reflected in the balance I receive?

The chart below shows the different ways you can access your Overdraft Privilege limit and indicates whether or not this limit will be reflected in the balance provided. The Enhanced Overdraft Privilege is only available if the account’s Standard Overdraft Privilege is active.

Access Points Is My Overdraft Privilege Limit Available? Does the Balance Provided Reflect My Overdraft Privilege Limit?
Standard Overdraft Privilege
Teller Yes No
Writing a Check Yes N/A
Debit Card (recurring) Yes N/A
ACH Auto Debit Yes N/A
Alpine Online Yes No
Alpine Info-Line Yes No
Enhanced Overdraft Privilege
Debit Card (everyday) Yes 3 N/A
ATM Withdrawal Yes 3 No

How soon can I use my Overdraft Privilege?

If this is a new account with Alpine Bank, the use of the Overdraft Privilege service may be available to you on the first business day, following a 30-calendar-day waiting period, provided your account is in good standing1, except in cases where the 30th calendar day falls on a federal holiday or weekend, in which case your ODP may be available the 2nd business day after the 30-calendar-day waiting period.

What are some other ways I can cover overdrafts at Alpine Bank?

The best way to avoid overdrafts and fees is to manage your account responsibly so it does not become overdrawn. However, if mistakes occur, Alpine Bank offers other solutions to help cover overdrafts in addition to Overdraft Privilege. Please contact your nearest location to inquire about these additional options. Alpine Bank’s Online Banking has additional features to help you maintain good account management such as Bank to Bank transfers and Low Balance Alerts via our Mobile banking app6 or online banking.

Transfer of funds from your Alpine Bank Home Equity Line of CreditAutomatic advances in $1,000.00 increments. See your local Alpine Bank for loan terms and rates.

Ways to Cover Overdrafts Example of Associated Fees
Good account management $0.00
Automatic "Sweep"5 from your Alpine Bank savings or money market account $10.00 per transfer
Ready Reserve Line of Credit $10.00 Annual Fee and 18.00% APR 4
Telephone Transfers $0.00
Transfer of funds from your Alpine Bank Home Equity Line of Credit Automatic advances in $1,000.00 increments. See your local Alpine Bank for loan terms and rates.
Overdraft Privilege NSF paid item fee 2 for each item.

What if I do not want to have Overdraft Privilege on my checking account?

If you would like to have this service removed from your account, please visit any one of our locations or you can call us at 1-800-551-6098.

Overdraft Privilege Customer Agreement

General Terms:
An insufficient balance can result from several events, including, but not limited to:

(1) the payment of checks, electronic funds transfers or other withdrawal requests; (2)payments authorized by you; (3) the return of unpaid items deposited by you; (4) bank service charges as disclosed in your Truth in Savings disclosure and the Fee Schedule; or (5) the deposit of items which, according to the bank’s Funds Availability Policy, are treated as not yet available or finally paid. We are not obligated to pay any item presented for payment if your account does not contain sufficient funds.

Account Management and termination:
If you maintain your account in good standing, we may approve overdraft items within your currently available Overdraft Privilege limit as a non-contractual courtesy. For Overdraft Privilege availability, your account is considered to be in good standing if you demonstrate responsible account management such as (1) making regular deposits to bring your account to a positive balance, for at least 1 business day, at least once every 30 calendar days (including the payment of all bank fees and charges) ; (2) there are no legal orders (including bankruptcies), garnishments, levies or liens against your account and 3) you have no outstanding indebtedness past due or in default to Alpine Bank on any other account relationships; if you fail to meet any of the above stated requirements, we reserve the right to terminate the Overdraft Privilege service on your account until your account is once again in good standing. In addition, based upon our review of your account management, if we determine you may be using Overdraft Privilege as a regular line of credit by creating excessive overdrafts, we may suspend the privilege without any prior notice.

Overdraft Privilege should not be viewed as an encouragement to overdraw your account. We encourage you to manage your finances responsibly by reviewing all your account notices and periodic statements as soon as you receive them, enter all items in your check register and reconcile your account(s) regularly.

Payment of Items:
In the normal course of business, our practice is to pay electronic transactions first and then checks in serial number order. We reserve the right to change the order of payment without notice to you if we suspect fraud or possible illegal activity affecting your account. Also, please be aware that the order of item payment may create multiple overdrafts during a single banking day for which you will be charged our standard NSF item fee2 for each overdraft item (paid or returned). You may opt out of Overdraft Privilege at any time, but you are responsible for any indebtedness owed to Alpine Bank at the time of opting out. Normally, we will not approve the payment of overdraft item(s) in excess of the predetermined, or currently available, Overdraft Privilege amount assigned to your account type. So as not to exceed your limit, when reconciling your account, please note that the amount of the overdraft item, plus the bank’s standard NSF paid item fee2 will be deducted from the overdraft limit. We may refuse for any reason, at our sole discretion, not to cover your overdrafts, even though we may have previously paid items for you at other times. You will be notified by mail of any non-sufficient funds items, paid or returned, that you may have; however, we have no obligation to notify you before we pay or return any item. 

Please note that your Overdraft Privilege limit may be available for each item paid under the limit created by checks, teller withdrawals, automatic payment (ACH) transactions, automatic bill payments or recurring debit card payments. Also, for our consumer accounts, at your request, we may authorize and pay ATM transfers or withdrawals and everyday debit card purchases using your limit3; Business account(s) are automatically enrolled in the coverage of ATM transfers or withdrawals and everyday debit card purchases. The Overdraft Privilege limit will not be included in the balance provided during an inquiry. 

Payment obligation:
The amount of any indebtedness owed to Alpine Bank, which may include our standard NSF paid/returned item fees2 , shall be due and payable upon demand, but if no demand is made, no later than 30 calendar days after the creation of the insufficient balance. If there is an overdraft item paid by us on an account with more than one owner on the signature card, each owner and agent, if applicable, drawing/presenting the item(s) creating the insufficient balance, shall be jointly and severally liable for such overdraft plus our standard NSF paid/returned item fee2

LIMITATIONS: Overdraft Privilege is a non-contractual courtesy that is available to individually/jointly owned accounts in good standing for personal or business use. Alpine Bank reserves the right to limit participation to one account per household or business and to discontinue this service without prior notice.

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[1] Please refer to the Overdraft Privilege Customer Agreement for additional details.
[2] $15 for overdraft items of $15.00 or less, and $38 for overdraft items exceeding $15.00.
[3] Business account(s) are automatically enrolled in the Enhanced Overdraft Privilege coverage of ATM or everyday debit card transactions. For Consumer Account(s): the Enhanced Overdraft Privilege service will be made available for ATM or everyday debit card transactions upon your request. Call (800)551-6098 or visit one of our branches to arrange for your ATM or everyday debit card coverage. Enhanced Overdraft Privilege is only available if the account’s Standard Overdraft Privilege is active.
[4]These costs are provided only as examples. Please ask us about our specific products and fees.
[5] Limitations apply. Please see Truth in Savings disclosure for specific limitations.
[6] Alpine Bank does not charge you a fee for using Alpine Mobile ®; however, your wireless carrier’s standard web access and text message rates may still apply.