The Board of Governors of the Federal Reserve System has the most up to date information regarding the new overdraft rules for Debit and ATM card activity.

You will find some basic facts, the new rules, and some useful terms that will help you make an educated decision. To visit the Board of Governors website, please go here.

What You Need to Know about Overdrafts and Overdraft Fees

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
    or 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.

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

We will not authorize and pay overdrafts for these types of transactions unless you ask us to. (See Below)

  • ATM transactions
  • Everyday debit card transactions (Point of Sale 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 ProBank pays my overdraft?

Under our standard overdraft practices:

  • We will charge you a fee of up to $32 each time we pay an overdraft.
  • There is no limit on the total fees we can charge you for overdrawing your account.

What if I want ProBank to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, call
(850) 681-7761, and one of our Customer Service Representatives can assist you.

ProBank works diligently with you to avoid "overdraft situations." When an "overdraft situation" occurs, we work with you to rectify any problems in a timely manner and offer resources for credit counseling. If you find you need assistance with your finances, resources are available to you. The following agencies have programs to assist consumers with credit related matters:

www.fdic.gov/moneysmart; myfloridalegal.com (1-866-966-7226); and a
local nonprofit agency of CCC - www.consumercredit.com