An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in two different ways:
1. We have standard overdraft practices that may come with your account.
2. We also offer overdraft protection such as a link to another checking account, which may be less expensive
than our standard overdraft practices. To learn more, ask us about these plans.
This notice explains our standard overdraft practices.
We do authorize and pay overdrafts for the following types of transactions:
After August 15, 2010, we will not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):
We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.
If we do not authorize and pay an overdraft, your transaction will be declined.
Under our standard overdraft practices:
If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions you need to tell us your want to "opt in". You can do so through any of the following channels:
You can find your specific branch phone number on our locations page.
Our Service Representatives are standing by if you prefer to Opt In or Revoke Earlier Request by phone at any branch locations.
If you prefer to Opt In or Revoke Earlier Request by mail, please print this form and send it to us at:
Coastal Community Bank
P.O. Box 12220
Everett, WA 98206
Sometimes it's easier to talk about things in person. Please visit any of our locations and ask a personal banker to help you decide which plan is best for you.