How To: Opt Out of Overdraft Privilege

How To: Opt Out of Overdraft Privilege

  • Opt out of the service for ATM and one time debit card transactions: You may opt out of ODP for the authorization and payment of ATM and one time debit card transactions. If you do not have sufficient funds in your account, your withdrawals at the ATM and one time debit card transactions will be declined. This will keep you from making a mistake.

    However, it is still critical you track your spending. Turning off ODP on your ATM or one time debit transactions will not account for outstanding checks, recurring debit card transactions you may have set up or other transactions you have authorized but have not yet been processed. Those items may still overdraw your account, and, in that case, you may want us to pay them using our standard overdraft privilege (ODP) service, which has a paid item fee of $30 for items that causes the Account to be overdrawn by more than $15.

  • Opt out of the service entirely: You may opt out of the ODP service for all types of transactions if you believe that will help you better manage your finances. This means that once you have spent the available funds, there will be nothing to cover the items outstanding. Your debit card/ATM transactions will be declined if adequate funds are not available. To opt out of any of these services, simply contact any Pinnacle office or our Client Service Center at 1.800.264.3613.

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