What You Need to Know about Overdraft Practices and 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 may come with your account.

2. We also offer overdraft privileges such as a link to another checking account, which may be less expensive than our standard overdraft privileges. To learn more, ask us about your options.

This notice explains our standard overdraft practices.

What are the standard overdraft practices that may come with my account?

We do authorize and pay overdrafts for customers in good standing that do not have excessive account abuse for the following types of transactions:

  • Checks and other transactions made using your checking account number
  • Automatic bill payments

After August 15, 2010, we will 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 Liberty National Bank pays my overdraft?

Under our standard overdraft practices:

  • Overdraft Fee
    • Consumer
      Any account in an overdrawn condition for 5 consecutive business days will be assessed a $25.00 fee and a continuous overdraft fee on each subsequent fifth business day the account remains overdrawn.
  • Daily Overdraft Fee
    • Commercial
      Overdraft between $0.00 and $2,500 ..........$6.00
      Overdraft between $2,501 and $10,000 .......$8.00
      Overdraft between $10,001 or greater .........$10.00We will charge you a fee up to $25.00 each time we pay an overdraft.

What if I want Liberty National Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions or to continue any overdraft privileges now in effect, please complete the form below.

Opt In/Out Online Form


Opt In: I want Liberty National Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions.

For Accounts Specified Below




Decline: I do not want Liberty National Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions.

For Accounts Specified Below




I/We confirm that the Internet access device(s) I/we will use to receive the related legal disclosures, agreements and online account signature forms; and I/we consent to receiving the related legal disclosures, agreements, online account signature form and the instructions electronically. I/we confirm that I/we have read and understand the information regarding the right to opt in or decline this financial institution's paying ATM or one-time debit card transactions.

I/we understand that I have an ongoing right to change this consent at any time.

Security Code

Please enter the letters and numbers from the image above.

Alternative Ways to Opt In/Out

  • By Phone

    Our Service Representatives are standing by if you prefer to Opt In or Revoke Earlier Request by phone. You can find your specific branch phone number on our locations page.

  • By Mail

    If you prefer to Opt In or Revoke Earlier Request by mail, please print this form and send it to your branch.

    You can find your specific branch address on our locations page.

  • In Person

    Sometimes it's easier to talk about things in person. Please visit any of our locations and ask a personal banker to help you decide which plan is best for you.