Overdraft Privilege & NSF fees

Increased limits mean more flexibility

The Alpine Bank Overdraft Privilege product has been enhanced. Starting May 15, 2023, overdraft privilege limits will increase. What does this mean for you? If you have a business or personal checking or savings account type listed here, your limit will increase by $200.

Account Type	Current	Effective May 15th, 2023
Liberty Checking	$600	$800
Elite Checking	$1,200	$1,400
Golden Edge Checking	$1,200	$1,400
Pioneer Club Checking	$1,200	$1,400
Special Personal Checking	$1,200	$1,400
Business Checking	$1,200	$1,400
Business Checking with Interest	$1,200	$1,400
Business Checking with Cash Charges	$1,200	$1,400
Business Int. ½ Service Charge	$1,200	$1,400
Business Checking ½ Service Charge	$1,200	$1,400
Business IC Checking	$1,200	$1,400
Business Apex Checking	$1,200	$1,400
Business Money Fund	$1,200	$1,400
Money Fund	$1,200	$1,400
Money Market Plus	$1,200	$1,400
Saver’s Choice Money Market	$1,200	$1,400
Investor’s Choice Money Market	$1,200	$1,400
Investor’s Choice No Tiers	$1,200	$1,400
Apex Money Market	$1,200	$1,400
Mountain Money Market	$1,200	$1,400

 

We’ve also enhanced how we assess non-sufficient funds (NSF) fees. For example, if we don’t cover the transaction and return the item as unpaid, and regardless of whether your account is overdrawn, Alpine Bank will no longer assess the NSF returned item fee.

Alpine Bank will assess its standard NSF paid item fee of $15.00 if the overdraft is a result of a transaction greater than $3.00 but less than $15.01, or a $38.00 NSF paid item fee if the overdraft is the result of a transaction of $15.01 or greater, and the transaction overdraws your account by more than $15.01 (meaning you have a negative $15.01, or more, account balance.)

$38 NSF fee For a transaction of $15.01 or more and that  overdraws your account $15.01 or more

$15 NSF fee For a transaction greater than $3.00 but less than $15.01, and that overdraws your account $15.01 or more

On consumer accounts: For recurring debit card transactions, certain pre-authorized ACH transactions, one-time debit card transactions (assuming you have opted in) and ATM transactions (assuming you have opted in), we will not assess an NSF paid item fee if your available balance was sufficient at the time we authorized the transaction, even if your current balance is insufficient at the time we pay it during our nightly processing. In other words, for those specific transactions above, if your available balance is sufficient when we authorize the transaction or your current balance is sufficient when we pay it, you will not be assessed an NSF paid item fee.

On business accounts: For recurring debit card transactions, certain pre-authorized ACH transactions, one-time debit card transactions and ATM transactions, Alpine Bank will not assess an NSF paid item fee if your available balance was sufficient at the time we authorized the transaction, even if your current balance is insufficient at the time we pay it during our nightly processing. In other words, for those specific transactions above, if your available balance is sufficient when we authorize the transaction or your current balance is sufficient when we pay it, you will not be assessed an NSF paid item fee.

If you have questions, please visit your nearest branch or call us at 800-551-6098.

• April 20, 2023
• Bank News
• Alpine Bank Staff

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