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ViewPoint Bank offers you several ways to handle the occasional overdraft on your account. An overdraft occurs when you do not have enough money in your account to cover a transaction, but your bank pays it anyway.
ViewPoint Bank can cover your overdrafts through standard overdraft practices that come with your checking account. We do authorize and pay overdrafts for the following types of transactions:
- Checks and other transactions made using your checking account number
- Automatic bill payments
- ACH transactions
You can also link your checking account to your savings or line of credit to use for overdraft purposes. This service is called Overdraft Protection and is a convenient and often a less expensive way to handle overdrafts to your account.
In addition, ViewPoint Bank offers Overdraft Privilege. If there is not enough money available in your checking or designated overdraft protection account to cover a purchase, your participation in Overdraft Privilege allows ViewPoint to consider authorizing and paying the transaction at our discretion.
Due to new regulatory requirements, any checking customer who did not give us consent to pay overdrafts on their ATM transactions or everyday Visa Check Card purchases was removed from the program as of August 13, 2010. Of course, you can consent to Overdraft Privilege at any time.
Many of our customers find this service to be a beneficial safety net in the event there are not enough funds in their account at the time of their transaction. Everyday transactions include using your Visa Check Card at restaurants, grocery stores, gas stations and other merchants, as well as one-time purchases made online or by phone.
How much does Overdraft Privilege cost?
There is no charge for signing up for this service. If we pay a transaction that overdraws your account, our standard overdraft fee of $35 will be assessed. Overdrafts may be created by check, in-person withdrawal, debit card transaction, or other electronic means. When an overdraft occurs, you are responsible for promptly bringing your account to a positive balance.
How do you sign up for Overdraft Privilege?
Signing up is easy. Simply look to the right side of this page for a list of several ways to select your overdraft preferences.online or by phone
An overdraft occurs when you do not have enough money in your account to cover a transaction, but your bank pays it anyway. ViewPoint Bank can cover your overdrafts in two different ways:
- Through standard overdraft practices that come with your checking account.
- You can also link your checking account to your savings or line of credit to use for overdraft purposes. This service is called Overdraft Protection and is a convenient and often a less expensive way to handle overdrafts to your account.
What are the standard overdraft practices that come with my account?
We do authorize and pay overdrafts for the following types of transactions:
- Checks and other transactions made using your checking account number
- Automatic bill payments
- ACH transactions
Beginning August 15, 2010, we will not authorize and pay overdrafts for the following types of transactions unless you give us the consent to do so:
- Everyday debit card transactions, either PIN-based or signature-based
- ATM transactions
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.
What fees will I be charged if ViewPoint Bank pays my overdraft?
Under our standard overdraft practices:
- We will charge you a fee of $35 each time we pay an overdraft item.
- There is no limit on the total fees we can charge you for overdrawing your account.
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To give ViewPoint Bank consent to continue authorizing and paying overdrafts on your ATM transactions and everyday Visa Check Card purchases, please let us know:
Give us a call at 972.578.5000. Mon – Fri, 7 a.m. to 7 p.m.
Sat, 9 a.m. to 1 p.m.
Stop by any ViewPoint Bank location to speak to a representative.
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