Overdraft Coverage Options

Life happens! Platte Valley Bank of Missouri understands that unexpected overdrafts occur from time to time – Overdraft Coverage can help.

 

Overdraft Protection services apply to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account or demand deposit loan you may have at Platte Valley Bank of Missouri for a fee or finance charge. Please note that overdraft protection demand deposit loans are subject to credit approval.

 

Overdraft Privilege allows you to overdraw your account up to the disclosed limit for a fee in order to pay a transaction. Even if you have overdraft protection, Overdraft Privilege is still available as secondary coverage if the other protection source is exhausted.

 

The choice is yours. Consider these ways to cover overdrafts:

 

 Overdraft Protection Options

Fee Details

 Overdraft Sweep Protection1

  • Attach your Checking account to another Platte Valley Bank Checking or Savings account
  • Sweeps in $100 increments

$10.00 per sweep

 

 Demand Deposit Loan1

  • Loan Application Process for an unsecured loan
  • Up to $1000 loan and attached to a Platte Valley Bank Checking account
  • Minimum amount of Advance is $100

 

Subject to fees + interest

Subject to Credit Approval

 Home Equity Line of Credit (HELOC)1

  • Loan Application Process for a loan secured by the equity in your home.
  • Attached to your Platte Valley Bank Checking account
  • Minimum amount of advance is $100

Subject to fees + interest

Subject to Credit Approval

 

 

 

 Overdraft Privilege

$30.00 NSF Fee per item

For more information on these options see "Additional Helpful Information" below.

 

1Call us at 816-858-5400, email us at odp@plattevalleybank.com, or come by a branch to sign up or apply for these services.

 

Transactions Covered with Overdraft Privilege

Standard Coverage
(No action required)

Extended Coverage

(Your consent required on consumer accounts)*

Checks

X

X

ACH - Automatic Debits

X

X

 Recurring Debit    Card Payments

X

X

Online Bill Pay Items

X

X

Internet Banking Transfers

X

X

Telephone Banking

X

X

Teller Window Transactions

X

X

ATM Withdrawals

 

X*

Everyday Debit Card Transactions

 

X*

If you would like to select Extended Coverage for future transactions:

  • call us at 816-858-5400,
  • complete the online consent form found at www.plattevalleybank.com,
  • visit any branch,
  • complete a consent form and mail it to us at P.O. Box 1250, Platte City, MO 64079, or
  • e-mail us at odp@plattevalleybank.com

 

*If you choose Extended Coverage on your consumer account, ATM withdrawals and everyday debit card transactions will be included with the transactions listed under Standard Coverage. If you already have Extended Overdraft Privilege coverage, it is not necessary to request it again. Business accounts automatically have Extended Coverage.

You can discontinue the Overdraft Privilege in its entirety by contacting us at 816-858-5400 or sending us an e-mail at odp@plattevalleybank.com.

What Else You Should Know

 

 

Additional Helpful Information

 

Customer Service

(816) 858-5400

24 Hour Telebanc

(816) 858-5000

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