Overdraft Protection and Overdraft Privilege

Overdraft Coverage Options

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

You can discontinue Overdraft Privilege in its entirety by contacting us at 701-499-0975, visiting any branch, or sending us a secure message through online banking. 

If you would like to select Extended Coverage for future transactions, please complete any of the following:

• Call 701-499-0975.
• Complete the online consent form, by clicking one of the buttons below.
• Visit any branch.
• Send a secure message through electronic banking.

Consumer Extended Coverage Consent Form    Business Extended Coverage Consent Form

• A link to another account or line of credit may be less expensive than an overdraft. A single larger overdraft will result in one fee, instead of multiple smaller overdrafts. Use our electronic banking services to track your balance. For financial education resources, please visit www.mymoney.gov. 
• If multiple items overdraw your account on the same day, each item will be assessed an Overdraft Fee of $28. All fees and charges will be included as part of the Overdraft Privilege limit amount. Your account may become overdrawn more than the Overdraft Privilege limit amount because of a fee. 
• For consumer accounts, there is a limit of 4 Overdraft Fees ($112) per day we will charge. We will not charge an Overdraft Fee if a consumer account is overdrawn by $15 or less. These exceptions do not apply to business accounts.
• Recipients of federal or state benefits payments who do not wish us to deduct the amount overdrawn and the Overdraft Fee from funds that you deposit or that are deposited into your account may call us at 701-499-0975 to discontinue Overdraft Privilege. 
• This describes the posting order for purposes of determining overdrafts. Our general policy is to post items during nightly processing each business day and to post credits before debits. ATM and debit card transactions are posted smallest to largest, paper checks are posted in check number order, and finally ACH transactions are posted smallest to largest. Because of the many ways we allow you to access your account, the posting order of individual items may differ from these general policies. Holds on funds (described herein) and the order in which transactions are posted may impact the total amount of Overdraft Fees assessed.
• Overdraft Privilege is not a line of credit; it is a discretionary overdraft service that can be withdrawn at any time without prior notice. 
• Depositor and each Authorized Signatory will continue to be liable, jointly and severally, for all overdraft and fee amounts, as described in the Terms And Conditions Of Your Account. The total (negative) balance, including all fees and charges, is due and payable upon demand.
• We may be obligated to pay some debit card transactions that are not authorized through the payment system but which we are required to pay due to the payment system rules, and as a result you may incur fees if such transactions overdraw your account. However, we will not authorize debit card or ATM transactions unless your account’s Available Balance (including Overdraft Coverage Options) is sufficient to cover the transactions and any fee(s). 
• Giving us your consent to pay everyday debit card and ATM overdrafts on your account (Extended Coverage) may result in you incurring Overdraft Fees for transactions that we would otherwise be required to pay without assessing an Overdraft Fee. However, this would allow us to authorize transactions up to the amount of your Overdraft Privilege limit. If you consent to Extended Coverage on your account, it will remain on your account until it is otherwise withdrawn. 

Understanding your Available Balance: Your account has two kinds of balances: the Actual Balance and the Available Balance.

• We authorize and pay transactions using the Available Balance. 
• Your Actual Balance reflects the full amount of all deposits to your account as well as payment transactions that have been posted to your account. It does not reflect checks you have written and are still outstanding or transactions that have been authorized but are still pending.
• Your Available Balance is the amount available to you to use for purchases, withdrawals, or to cover transactions. The Available Balance is your Actual Balance, less any holds due to pending debit card transactions, ACH transactions or incoming checks scheduled to post that business day, and holds on deposited funds. 
• The balance used for authorizing checks, ACH items, and recurring debit card transactions is your Available Balance plus the amount of the Overdraft Privilege limit and any available Overdraft Protection. 
• The balance used for authorizing ATM and everyday debit card transactions on accounts with Standard Coverage is your Available Balance plus any available Overdraft Protection Line of Credit but does NOT include the Overdraft Privilege limit. 
• The balance used for authorizing ATM and everyday debit card transactions on accounts with Extended Coverage is your Available Balance plus any available Overdraft Protection Line of Credit and includes the Overdraft Privilege limit. 
• Because your Available Balance reflects pending transactions and debit holds, your balance may appear to cover a transaction but later upon settlement it may not be sufficient to cover such transaction. In such cases, the transaction may further overdraw your account and be subject to additional overdraft fees. You should assume that any item which would overdraw your account based on your Available Balance may create an overdraft. Note that we may place a hold on deposited funds in accordance with our Terms And Conditions Of Your Account, which will reduce the amount in your Available Balance. 
• Please be aware that the Overdraft Privilege amount is not included in your Available Balance provided through online banking, mobile banking or Border Bank’s ATMs.
• We will place a hold on your account for any authorized debit card transaction until the transaction settles (usually within two business days) or as permitted by payment system rules. In some cases, the hold may exceed the amount of the transaction. When the hold ends, the funds will be added to the Available Balance in your account. If your account is overdrawn after the held funds are added to the Available Balance and the transaction is posted to the Available Balance, an Overdraft Fee may be assessed.
• Except as described herein, we will pay items if the Available Balance in your account (including the Overdraft Privilege limit, if applicable) is sufficient to cover the item(s). The amount of any fee(s) may be in excess of your Overdraft Privilege limit.

Understanding Overdraft Privilege Limits

• New checking accounts will receive a $100 Introductory Overdraft Privilege limit at account opening that will be increased to $500 after 30 days in good standing.
• For business accounts, ACH and check transactions that would overdraw your account in excess of this limit will be individually reviewed and paid or returned at the bank’s discretion.
• Overdraft Privilege may be reduced or removed if you default on any loan or other obligation to us, your account becomes subject to any legal or administrative order or levy, or if you fail to maintain your account in good standing by not bringing your account to a positive balance within 32 days for a minimum of one business day. You must bring your account balance positive for at least one business day to have the full Overdraft Privilege limit reinstated.

If you have any questions about Overdraft Protection or Overdraft Privilege, please call us at 701-499-0975 or visit a branch.