Overdrafts and Overdraft Fees
Everyone needs a little help sometimes. That's why Clear Mountain Bank offers two types of overdraft services to help you out when there is not enough money in your account to cover a purchase.
An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We use the ledger balance (sometimes called the “actual”, “collected”, or “current” balance) method to determine whether an account is overdrawn, that is, whether there is enough money in the account to pay for an item.
We can cover your overdrafts in two different ways:
- We have standard overdraft services that come with your account.
- We also offer overdraft protection plans, such as a link to a savings account, which may be less expensive than our standard overdraft services. To learn more, ask us about these plans.
If you would like Clear Mountain Bank to authorize and pay overdrafts on your ATM and everyday debit card transactions, please call us at 304-379-2265 or fill out the authorization form.