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Overdraft Privilege

grocery_receiptShop with confidence knowing that Nodaway Valley Bank's Overdraft Privilege (ODP) program is there for you when you need it. We all make mistakes once in a while, don't let this stand in the way of making the purchases you need (groceries, gas, or utility bills). We will help you avoid the embarrassment and inconvenience of a declined card, plus you'll avoid costly fees from merchants for returned checks.

Features

  • Checks and ACH payments are covered by NVB's overdraft privilege (ODP) program
  • Debit card and ATM transactions are only covered if you opt in for debit card coverage*
  • Maximum overdraft coverage for up to $800 (eligible personal accounts) and $1500 (eligible business accounts)
     
*Debit Cards
  • Federal banking Regulation "E" requires us to obtain your permission before we can honor an ATM or debit card transaction which will cause an overdraft on your account
  • Without your approval, ATM & Debit Card transactions will be denied if it will cause an overdraft on your account
  • Save yourself from any embarrassment of a declined transaction by opting in to Debit Card ODP
  • Use Telebank, Mobile Banking, or Online Banking to cover overdrafts before they occur
  • Learn more by watching an educational video in our Education Center

Fees

  • There is no charge for having Overdraft Privilege on your account, you are only assessed a fee when you use it
  • Paid Insufficient Item (NSF) fee - $27.00 per item
  • Returned Insufficient Item (NSF) fee - $27.00 per item
  • Overdraft Charge (applied after 5 consecutive days overdrawn) - $5.00 per day
Want extra protection against Insufficient Item (NSF) and Overdraft fees? Combine ODP with a Sweep or simply bring your account positive with a completed Telebank, Mobile Banking or Online Banking transfer before 6:00 p.m. CST the day the account goes overdrawn!