Debit and ATM Card Overdraft Choice
Debit and ATM card Overdraft Choice coverage at 1st Source Bank allows your everyday, one-time debit card and ATM transactions to be approved, at our discretion, when there is not enough money available in your account.
You must let us know if you want this coverage. By opting-in, you may be covered for purchases that are important to you such as groceries, prescriptions, gasoline and more.
How do you get debit and ATM card Overdraft Choice coverage?
Stop by your banking center or give us a call at (574) 235-2000 or 800 513-2360 to select coverage.
What happens when you decide NOT to opt-in?
When you do not opt-in, the bank will decline your everyday debit card and ATM transactions when there is not enough money available in your account.
What is the cost?
We will charge you a $36 Overdraft Item Fee each time we pay an overdraft. Also, for each day the account remains overdrawn, we will charge an additional $7 Daily Overdraft Fee per day starting on the seventh consecutive business day of the overdraft.
What to do: To opt-in to debit and ATM card Overdraft Choice coverage:
- Call us at (574) 235-2000 or 800 513-2360, or
- Visit one of our local banking centers, or
- Complete the Choice Form, drop it off at your banking center or mail it to:
Debit Card Overdraft Choice, c/o Deposit Services1st Source BankP.O. Box 1602South Bend, IN 46634
To choose no coverage for debit and ATM card transactions: There is no need to do anything. You are already opted-out.
You can switch options at any time in the future if you change your mind. Just call or stop by and we'll be happy to make any changes.