Overdraft Protection


Overdraft Protection - startup-photos-300x181

Overdraft Protection Privilege

If you inadvertently overdraw your account, PointBank has the option, at its sole discretion, to cover your overdrafts up to a certain amount, including fee(s) and thereby saving you the embarrassment and inconvenience of a returned or declined item, as well as the fee normally charged to you by merchants for items returned to them.

The amount of discretionary overdraft privilege extended to each customer varies based on your banking habits. Each account will be continually monitored to determine the amount of discretionary overdraft privilege to be extended when an item is presented for payment. The criteria evaluated includes, but is not limited to: age of account, deposit balance, deposit regularity, account status relating to legal or administrative order/levy, and status of loan obligations with PointBank.

Please note: Your account will be charged $30.00 for every non-sufficient fund item whether the item is paid or returned unpaid. Overdrafts and fees must be repaid within 45 days.

If you want PointBank to pay overdrafts on ATM card and everyday debit card transactions you must opt-in for discretionary overdraft privilege. If you have not opted-in you may do so using the form below.

Opt-In/Opt-Out Form

You may also use the form below to opt out of having ATM card and debit card transactions paid.

If you have any questions, call or come by one of our branches and a friendly, knowledgeable Banker will be happy to help you.

Opt In or Out Form

  • Opt-In means “I want PointBank to authorize and pay overdrafts on my ATM and everyday debit card transactions.”
  • Opt-Out means “ I do not want PointBank to authorize and pay overdrafts on my ATM and everyday debit card transactions.”

Useful information for completing the form:

  • Enter the account number exactly as it appears on your PointBank statement.
  • You may opt in or out for up to five accounts on this form. Please complete an additional form to opt in or out on any remaining accounts.

PointBank’s strong financial foundation provides us with the lending power we need to help you meet all of your loan needs, and with our long history as the expert Denton County community bank, our deep roots in Denton County, and our local decision-making, you will find us to be flexible and responsive to your loan needs. If you have questions or are ready to get the loan process started call, email, or stop by one of our branch locations today.

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