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IMPORTANT INFORMATION About Your Independent Bank Checking Account

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, 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 do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):

  • ATM transactions
  • Everyday debit card 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 Independent Bank pays my overdraft?

Under our standard overdraft practices:

  • We will charge you a fee of $35.00 for each overdraft item we pay.
  • We will not charge you a fee for more than 5 items ($175.00) per day.
  • The bank will not charge a fee for items that overdraw your account by $10.00 or less. 
What if I want Independent Bank 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, fill out the online form below and submit it, call your local branch, or print the form in the By Mail section below and mail it to one of our branches.

To Opt-In/Out

By Mail
Fill our the attached form and mail it back to us.

In Person
Visit or call your local branch.

Online
Fill out the Online Form here.