An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in two different ways:
1. We have standard overdraft practices that come with your account.
2. We also offer overdraft protection plans, such as a link to a savings account and an overdraft Line of Credit, which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans.
This notice explains our standard overdraft practices.
We do authorize and pay overdrafts for the following types of transactions:
We do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):
We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.
If we do not authorize and pay an overdraft, your transaction will be declined.
Under our standard overdraft practices:
If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, call 315-493-3480, visit one of our locations or complete the form below and either fax it to 315-493-0231 or mail it to Carthage Savings and Loan, 313 State Street, Carthage, NY 13619.
Our Customer Service Representatives are standing by if you prefer to Opt In or Revoke an Earlier Request by phone. Call: (315) 493-3480 or (800) 232-0450
If you prefer to Opt In or Revoke an Earlier Request by mail, please print this form and send it to:
Carthage Savings and Loan
313 State Street
Carthage, NY 13619
Sometimes it's easier to talk about things in person. Please visit any of our locations and ask a representative to help you decide which plan is best for you.