Personal Banking

Discretionary Overdraft Privilege

Confidence, Convenience and Coverage!

  • Confidence your transaction will be approved up to your overdraft limit
  • Convenience when you are running low on funds
  • Coverage for those times when the unexpected happens

Discretionary Overdraft Privilege gives you the peace of mind in knowing that your transactions, whether it is by check, debit card or ATM, will be approved up to your overdraft limit.

Tips on how to manage overdraft privilege and avoid overdraft fees

  • Check your account balance often – CNB offers many ways to always know your account balance by checking online banking, calling Telebanking at 972-938-4344, or reviewing your balance at any ATM. Click here to learn more about online banking.
  • Review your statement each month – with e-statements and online banking, you always have access to your account information. Click here to learn more about e-statements and online banking.
  • Keep track of all your transactions – whether by check, debit card or ATM, keep an accurate record of your spending and deposit activity on your account. Be sure to factor in any fees or service charges, remember that the $28 per item fee when charged becomes part of your overdraft balance.
  • Sign up for debit card alerts – by receiving debit card alerts, you will get a notice every time your debit card is used. Not only will this help you keep track of your spending, but it will also alert you to any fraudulent activity on your debit card. Click here to learn more.
  • Take advantage of the many features of online banking – establish "Q-Card" emails to notify you when your account is above or below certain amounts and set up automatic transfers from your savings to checking accounts.
  • Set up Direct Deposit – with direct deposit, even if you can’t make it to the bank, you know your paycheck will.

Discretionary Overdraft Privilege is a service that you do not pay for unless you use it. An overdraft occurs when you do not have enough money in your account to cover a transaction. Should you overdraw your account, there will be a $28 per item fee.

Payment Order of Items:

Payment order is important because it can affect the number of items overdrawn or returned unpaid and the amount of fees you may incur. Items are processed according to dollar amount within the following order for the day they are processed: FIRST - in-house transfers, payments, phone and online banking with the smallest items being processed first. SECOND - ATM, debit card transactions with the smallest items being processed first. THIRD - ACH transactions with the smallest items being processed first. FOURTH - on us checks and debit transactions largest items first. FIFTH - in-clearing checks and similar items largest items first. Larger checks are usually mortgage, car or utility payments so CNB has always presented these checks first as a means to cover your essential payments. Since 1995, CNB has presented items for payment in this order.

If an item is presented without sufficient funds in your account to pay it, we may, at our discretion, pay the item (creating a $28 overdraft fee) or return the item (creating a $28 Non Sufficient Funds fee). Discretionary Overdraft Privilege is not a line of credit. We encourage you to make careful records and practice good account management. This will help you to avoid creating an overdraft and incurring the resulting fees.

You do have the ability to opt-in/opt-out of overdraft protection on your everyday debit card and ATM transactions. Click here to learn more.

Other Forms of Overdraft Services

If overdraft protection is important to you, but you want to avoid the associated fees, CNB offers other forms of overdraft services.

  1. Link your Savings or another checking account to draft funds when an overdraft occurs.
  2. Set up a line of credit – available to qualified customers.

Please see a personal banker for details on other forms of overdraft services.