Overdraft Plus for Business
You can protect your Business Account...
Let Heritage Bank help with Overdraft Plus.
Overdraft Plus is a valuable service which can protect your business checking account from overdrafts up to a pre-determined amount. The overdraft limit is based on your account plan.* (See table below) It is available on occasions when your account is accidentally overdrawn and is only activated if there are insufficient funds available from all other arranged accounts. Non-sufficient funds (NSF) item charges will apply. Your best protection against overdrafts is to keep accurate records and maintain sufficient funds in your account.
You do not have to apply for this service. The Overdraft Plus will be activated for new business checking accounts after 90 days, unless you opt-out.** Overdraft Plus protection will stay active if you make regular deposits and bring your checking account to a positive balance at least once every 45 days.
Overdrafts may be honored up to the overdraft limit on your specific account plan. The Non-sufficient Funds (NSF) fee and the daily overdraft fee, as stated in the fee schedule, will be deducted from the overdraft limit amount. We will notify you by mail when items have been paid using Overdraft Plus. The notice will show the check number, check amount and the NSF amount.
Overdrafts, which exceed the established overdraft limit, may result in a return to the payee. The NSF fee will be charged and deducted from your account. An overdraft notice will be sent to notify you of this action. Repayment of the overdraft amount is expected within 45 days. You should make every effort to bring your account to a positive balance within 30 days. At 30 days we will send you a letter informing you of the account status and your options. If, after 45 days, your account has not been brought to a positive balance, Overdraft Plus will be revoked and may result in account closure.
You will not see the overdraft limit amount reflected in the "available balance" of your checking account. Overdraft Plus will not be activated to cover ATM, online banking and/or phone banking transactions.
If you have any question about Overdraft Plus, please contact your branch representative or call our Customer Service Center at 800-455-6126.
| Account Name | Overdraft Plus |
| Sole Proprietor Checking | $1000 |
| Heritage Business Checking | $1000 |
| Heritage Interest Checking | $1000 |
| Free Business Checking | $1000 |
| Business Checking | $1000 |
| Basic Business Checking | $1000 |
*Based on your business checking account plan.
**Opt-Out Form
