Overdraft Protection

At Cornerstone Bank, we’re always looking for ways to make banking with us as easy and convenient as possible for our customers. We also understand that sometimes mistakes and oversights are made when keeping track of your finances. That’s why we have Overdraft Privilege. With Overdraft Privilege, if you overdraw your checking account, we may cover your shortfall up to a predetermined amount instead of returning the items unpaid. This means that if you make an error on your account balance and overspend by mistake, Overdraft Privilege may save you the embarrassment and inconvenience of having an item returned unpaid, as well as additional merchant fees. Overdraft Privilege will be available for checks, in-person withdrawals, ACH, internet banking, telephone banking, ATM, and everyday debit card transactions.

All overdrafts paid will be charged an NSF fee of $29.78 per item up to six fees per day. Overdrafts may occur by check, in-person withdrawals, ACH and preauthorized automatic transactions, internet and telephone banking. They may also occur by ATM and everyday debit card transactions if you opt-in to our Overdraft Privilege Program.

*** The eligibility requirements for maintaining Overdraft Privilege are listed in the Overdraft Privilege Account Disclosure. Whether your overdrafts will be paid is discretionary and we reserve the right not to pay. With the Overdraft Privilege, we reserve the right to not pay any items presented at our sole discretion. However, as long as your account is in good standing, based on the criteria listed in the Overdraft Privilege Account Disclosure, we will generally pay your overdraft items up to a predetermined amount. You will be charged our Overdraft fee for each item that is presented. In the event that you would not like to have this valuable service on your account, simply contact us and we will provide you with an opt out form to complete and return to us.