Business Overdraft Services

Linked Deposit Account (Optional)

Details	If necessary, we will pay items by transferring available funds from your linked deposit account, once at the end of the day.
Options	Checks	Other Debit Payments (ACH/Bill Pay)	Recurring Debit Card Transactions	One-time Debit Card Transactions	ATM Withdrawals
What's Covered?	✔ Available	✔ Available
Cost	No Fee.

Full Overdraft Privilege (Optional)

Details	Included with most business checking accounts based on eligibility requirements. If your account is eligible, you will receive this included benefit. Your checking account will have a negative balance if we pay overdrafted items. You can opt out at any time.
Options	Checks	Other Debit Payments (ACH/Bill Pay)	Recurring Debit Card Transactions	One-time Debit Card Transactions	ATM Withdrawals
What's Covered?	✔ Available	✔ Available	✔ Available	✔ Available	✔ Available
Cost	$34 for each item paid that overdraws your account up to $136 per day. We do not charge the $34 fee if, after all transactions presented to your account on any given day are paid, your account balance is overdrawn $5 or less.

Decline or Opt Out

Details	If you have No Overdraft Privilege coverage, typically your transactions will be returned, rejected or declined rather than paid. Subject to the "Force Pay Transactions" described below.
Options	Checks	Other Debit Payments (ACH/Bill Pay)	Recurring Debit Card Transactions	One-time Debit Card Transactions	ATM Withdrawals
What's Covered?
Cost	No Fee.

 

*Force Pay Transactions: There may be instances where we will pay a transaction even if you do not have sufficient funds in your account to cover the transaction and are not enrolled in Overdraft Privilege. These transactions can occur, for example, when an ATM transaction, everyday debit card transaction or recurring debit card transaction is approved but later other transactions reduce the balance in your account before your ATM transaction or everyday debit card transaction is posted to your account. Under these circumstances, we will still pay (or “force pay”) the transaction and you will not be charged a fee. Although this represents the Bank’s policy with respect to Force Pay Transactions, it is more likely than not that if you have No Overdraft Privilege coverage, your transactions will be returned, rejected or declined as described above rather than force paid.

 

Tips to Avoid Overdrafts

1. Frequently track your account balances through Tri Counties Bank Mobile or Online Banking or at an ATM.

2. Set a balance threshold alert to notify you by email or text daily. (For example, an alert would be sent to you, once a day, if your account balance falls below whatever amount you select.)

3. Set Mobile and Online Banking alerts to notify you regularly, by text or email, of your account balance and help you keep track of your accounts.

4. Set up direct deposit to ensure that funds are deposited into your accounts promptly.

5. Record every deposit or withdrawal—including debit card transactions—in your check register.

6. Review your monthly statements and notify the bank promptly of any errors.