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Overdraft Options

Extended Overdraft Privilege

What You Need to Know about Overdrafts and Overdraft Fees

Go To Enrollment Form

An overdraft occurs when you do not have sufficient available funds in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in three different ways:

1. We have standard overdraft practices that come with your account.

2. We provide overdraft protection, such as a link to a regular savings account or another deposit account at LOC, which may be less expensive than our standard overdraft practices.

3. We offer another overdraft protection plan, such as a Personal Line of Credit (MoneyLine Loan), which may be less expensive than our standard overdraft practices. To learn more, ask us about this plan.

What are the standard overdraft practices that come with my account?

We do authorize and pay overdrafts for the following types of transactions:

  • Checks and other transactions made using your checking account number
  • ACH transactions
  • Recurring debit card transactions
  • LOC Bill Pay transactions
  • Online banking transfers

We will not authorize and pay overdrafts for the following types of transactions without your consent (see below):

  • ATM transactions
  • Everyday debit card transactions

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.

What fees will I be charged if LOC  pays my overdraft?

Under our standard overdraft practices:

  • We will charge you a fee of up to $30.00 each time we pay an overdraft
  • There is no limit per day on the total fees we can charge your for overdrawing your account
What if I want LOC to authorize and pay my overdrafts on my ATM and everyday debit card transactions?

If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions please:

  • Call 800.837.4562
  • Complete the form below
  • Print this form and mail to LOC

You can revoke your authorization for LOC to pay these overdrafts at any time by any of the above methods. Your revocation must include both your name and your account number so that we can properly identify your account.

Extended Overdraft Privilege Enrollment Form

Use this form to change your preference for Extended Overdraft Privilege for ATM and everyday debit card transactions. You can change your preference at anytime. Please note that the submission of this form does not immediately change your preference. An LOC employee must update your account during normal business hours.

* Required Fields








    • Please indicate below whether you would like to enroll or decline Extended Overdraft Coverage for ATM and everyday debit card purchases with your LOC account.

    • * I would like to:


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