What You Need to Know about Overdrafts
An overdraft occurs when you do not have enough money in your account to cover a
payment you have authorized. Susquehanna has a standard overdraft practice that
comes with your account allowing Susquehanna to consider authorizing and paying
the item and charging a $40 fee. There are special regulations that govern overdrafts
that occur at an ATM or a non-recurring point-of-sale transaction, however.
When consumers use debit cards to make everyday purchases or ATM withdrawals
that exceed the balance available in their personal account, banks must have customer
consent to consider authorizing payment and charging an overdraft fee. Business
accounts are not impacted.
By providing your consent, you allow Susquehanna Bank to consider authorizing and
paying an ATM withdrawal or a one-time debit card purchase in a store or online
that exceeds the balance available. The bank uses its discretion on whether to make
the payment based on your account history. If we approve and pay a transaction that
overdraws your account, a $40 fee will be assessed.
4 ways to contact us and provide your consent
You may change your choice at any time by contacting us.
Complete an online form
- Call us at
- Visit any Susquehanna Bank office
- Complete and return a printed consent form
If you take no action, we will generally decline any requests for ATM withdrawals
or one-time debit card purchases that would overdraw your account. This
would result in inconvenience if you are not able to pay for a purchase or get the
cash you need.
Click here for Tips on Limiting or Avoiding Overdrafts.
- For more information call or stop by an office today.