Landmark Bank feels it’s important to offer our Checking customers the power of choice when it comes to overdraft protection.

Overdraft coverage is never a benefit you want to take advantage of, but just in case, Landmark Bank offers customers the choice between advances, transfers and credit overdraft protection.

The below chart outlines Landmark Bank’s overdraft protection options, and the types of overdraft coverage our customers can choose from, along with associated overdraft rates and fees.

  ODP Advance1 ODP Transfer2 ODP Credit3 No Protection
Features Allows overdrafts up to a fixed limit Second account covers overdrafts Advances from credit line to cover overdrafts None
Annual Fee None $10 $25 None
Limit $800 Balance in second account $2,000 - $5,000 No protection
Transfer / Advance As needed $50 increments $100 increments No transfer or advance
Incidence Fee $29 overdraft fee $5 per daily occurrence None $29 per returned item
Repayment Account deposits repays advance None Automatic transfer of 4% of principle balance or $25, whichever is greater Items are paid
Interest None None 16.90% APR4 None
Eligibility Any consumer checking account other than Rebound Checking Second deposit account Qualifying standards apply None

1Overdraft charges of $29 per item apply. Fee may be imposed for covering overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means. ATM and everyday debit card transactions will be covered only if prior authorization is on file with the bank. We reserve the right to require you to pay an overdraft immediately or on demand. All negative balances must be brought positive within 30 days. Whether your overdrafts will be paid is discretionary and we reserve the right not to pay an item. For example, we typically do not pay overdrafts if your account is not in good standing, or you are not making regular deposits, or you have too many overdrafts. 2Transfers made from savings and money market accounts are limited to six per statement cycle. 3Loan qualification standards apply. 4Annual Percentage Rate. Subject to change.

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