If your Account has No Coverage, the Overdraft Fee, the Daily Overdraft Fee and the Returned Item Fee may still apply to your Account. If the Bank pays an Item during our End of day Processing when you do not have enough money in your Account, Overdraft Fees would apply, with the exception of one-time debit card and ATM transactions.
It is our policy to charge a Returned Item Fee of $36 per Item, and return all returnable Items presented for payment if your Account does not have enough money to pay them during our End of Day Processing. If the Bank returns the same Item (e.g. check or ACH debit) submitted multiple times by a merchant, a $36 Returned Item Fee may be assessed each time the merchant submits the Item and the Bank returns it. An $8 Daily Overdraft Fee will be assessed beginning on the third consecutive Business Day and will be assessed for each Business Day your Account has an overdrawn Current Balance for up to fourteen (14) Business Days.
For Accounts that have No Coverage, the limits of 5 Overdraft Fees per day and 10 Returned Item Fees per day do not apply to your Account, which means you could be charged numerous Overdraft Fees and Returned Item Fees if you do not use your Account carefully.