Skip Navigation Documents in Portable Document Format (PDF) require Adobe Acrobat Reader 5.0 or higher to view,download Adobe® Acrobat Reader.
Close OLB

Online Banking

Overdraft Management

Avoiding unintentional inconveniences and fees is easier with these options.

Account Alerts

Keeping tabs on your checking account balance is the best way to avoid accidental overdrafts. Set up any or all of the following account alerts through Bank Independent Online and Mobile Banking services to receive alerts by email, text or upon login:

  • Balance so you'll know when an account reaches a certain threshold
  • Events like incoming direct deposits, funds transfer information, or statement notification
  • Items including cleared checks

Standard Overdraft Coverage*

Most new personal checking accounts come with complimentary overdraft protection. After 60 days, your protection increases if your account is in good standing. Standard Overdraft Protection will help you avoid denied transactions, but according to federal regulations, you must tell us that you want it, or "opt in" for coverage for ATM withdrawals and everyday debit card transactions.

To Request, or "Opt In" to, Overdraft Coverage:
  • Click here to complete the form;
  • Call Customer Service at (256) 386-5000 or (877) 865-5050; or
  • Stop by any of our convenient branch locations.

Unless you opt in, you have NO overdraft coverage on ATM withdrawals and everyday debit card purchases. This means that if there are insufficient funds in your account to cover your purchase, your transaction will be declined at the point of sale.

$5 Daily Overdraft Safety Net**

We want to keep a small overdraft from leading to a big charge, so we won’t charge you NSF fees when you end the day with an overdrawn balance of $5 or less. No special enrollment is required, and all Bank Independent checking accounts are eligible.

Overdraft Fee Forgiveness***

We all make mistakes. For $36 a year† we’ll forgive up to three of yours each calendar year and save you up to $108 in NSF fees. Visit a Personal Banker to enroll, or call Customer Service at (256) 386-5000 or (877) 865-5050.

Other Overdraft Options

Bank Independent offers additional overdraft protection plans, including an Overdraft Line of Credit and the option of drawing funds from another Bank Independent account to cover a negative balance.

For more information on available overdraft options, stop by any sales office or call Customer Service at (256) 386-5000 or (877) 865-5050 Monday through Saturday from 8:00 a.m. to 8:00 p.m. We're happy to find just the right solution for your needs.

*We will charge an NSF/Overdraft fee of $36 for each presentment that overdraws your account. We will not charge more than 6 NSF/Overdraft fees to your account in one business day. An NSF fee is a charge that is assessed when a presentment is returned by the bank due to insufficient funds in the account. An overdraft fee is a charge assessed when a presentment is paid by the bank on an account with insufficient funds. Standard overdraft practices apply when you have authorized us to pay, and we have agreed to pay checks and other transactions causing an overdraft through automatic bill payment and for checks and other transactions made using your account number. Whether your overdraft item will be paid is discretionary and we reserve the right not to pay. We will not authorize and pay overdrafts for ATM transactions or everyday debit card transactions unless you ask us to. Deposits are required within 45 days of an overdraft. If an overdraft is not paid in full within this period, your account is subject to close. See a Personal Banker for details on minimum balance requirements and monthly maintenance fees for all deposit accounts. (Link Schedule of fees)
**An NSF fee will not be charged to an account if the ending daily balance in the account is overdrawn by $5.00 or less.

***Requires separate enrollment for non-Premier accounts. Different enrollment fee may apply during the first calendar year you are enrolled in the program. See program disclosure for additional details. A fee of $36 will be charged for each overdraft that exceeds the number refunded in any given calendar year that you are enrolled in the program. The refund of the Overdraft fee will typically be posted to your account no later than the next business day after the fee has posted to your account. If fewer overdrafts occur during each calendar year, only the number of overdraft fees posted to the account will be refunded. A refund of an overdraft fee does not indicate nor guarantee that the overdraft item will be paid and/or not returned to the presenter. Bank Independent reserves the right to terminate this program at any time, effective at the expiration of any calendar year.

†Overdraft Fee Forgiveness is complimentary with Premier Checking.
Mobile Phone Icon

Opt-In for Overdraft Coverage

Complete the form to request Standard Overdraft Protection

bus sync green icon

Sync Digital Solutions

Convenient, easy-to-use tools to help you manage your finances on-the-go 24/7.