If you would like the Bank to authorize ATM and one-time debit card transactions using your Overdraft Honor Limit, you must separately provide your affirmative consent for Standard Overdraft Honor with Authorization. By choosing Standard Overdraft Honor Program with Authorization, you are providing us your permission to authorize ATM or one-time debit card transactions when you do not have enough funds in your Available Balance and use your Overdraft Honor Limit to cover the transaction.
You may be assessed an Overdraft Fee of $36 per ATM and one-time debit card transactions if the transaction is authorized when you do not have enough money in your Available Balance to cover the transaction, at that time the Card is used (i.e., we authorized the transaction using your Overdraft Honor Limit), and also do not have enough money in your Account to cover it when the transaction is paid during our End of Day Processing.
You can contact us toll-free at 1-866-562-8810 or log in to your Online & Mobile Banking Account at www.republicbank.com to complete the Overdraft Honor digital form in the Self-Service Center located under the Services tab to elect Standard Overdraft Honor with Authorization by selecting the option that you want us to authorize and pay overdrafts for your ATM and one-time debit card transactions.
ATM and one-time debit card transactions will not be authorized against your Overdraft Honor Limit if we do not have your authorization on file. Your authorization to use the Overdraft Honor Limit to authorize ATM and one-time debit card transactions when you do not have enough money in your Available Balance at the time of the transaction may result in Overdraft Fees. Regardless of whether we have your authorization on file, recurring Card transactions may be charged Overdraft Fees.
What does it mean to have Standard Overdraft Honor without Authorization?