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Debit/ATM Card Overdraft Service

Debit/ATM Card Overdraft Service

01. What is the Debit/ATM Card Overdraft Service?

Our overdraft service, which is an optional feature you can add to your checking account, may allow you to make a one-time purchase with your debit card or a cash withdrawal from an ATM if you don't have enough available funds. In the case of an overdraft, this service will cover the payment, helping you avoid additional fees or late charges from other companies.

02. Is there a cost?

Only if you use the service. A fee may be imposed for covering overdrafts created by check, in-person withdrawal, ATM withdrawal, debit card transactions or other electronic means. If you do access it to have us authorize a one-time debit card or ATM transaction when you don’t have available funds, there will be a $35 overdraft/NSF fee for each transaction. We will not charge you for more than four overdraft/NSF transactions in any one business day. If your account remains at a negative balance for more than five consecutive business days, a continuous overdraft fee of $7 per day will also be applied. Please remember that if you do overdraw your account during the day but make a sufficient deposit* or transfer the same business day, there will not be an overdraft fee for that day’s transactions.

03. Do I have a choice? Can I change my mind?

Yes. We are providing customers with this information so they can make an informed choice. You can always reverse your decision by contacting us by phone, mail, at an Associated Bank location or through the Self Service tab in online banking.

04. Are there other options?

Yes. You can also sign up for our Overdraft Protection Transfer Service. This option links your checking account with any number of your other accounts at Associated Bank: savings account, money market account, credit card, checking reserve line of credit or home equity line of credit. There is a fee in the event a transfer is needed to cover your overdraft. Loan products are subject to credit approval and involve interest and other costs. Please ask about details on fees and terms and conditions for these products.

05. Why would I want both the debit/ATM card overdraft service and the Overdraft Protection Transfer Service?

If you do not have sufficient money in your savings account or you have exceeded your line of credit, your debit card or ATM transactions could still be denied. By adding our debit/ATM card overdraft service, you might have an additional cushion to help protect you in emergency situations. Please note that we have discretion to deny the transaction.

06. Will these changes have any effect on my checks or automatic bill payments?

No. The changes only affect one-time debit card transactions and ATM withdrawals.

07. Will you always pay my overdrafts?

Although we do pay many overdraft transactions with the debit/ATM card overdraft service, we cannot guarantee that every transaction will be authorized and paid. Whether your overdraft will be paid is discretionary and we reserve the right not to pay. 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.

08. If I do not request the debit/ATM card overdraft service, can I be assured that no debit card or ATM transactions could overdraw my account?

In cases where the merchant requests an authorization, we would not pay or authorize those transactions if they would overdraw your account. Keep in mind that there are a growing number of merchants that automatically process small-dollar transactions (often under $25) and never request an authorization from the bank. In those cases, we do not have the opportunity to deny the transaction and it could overdraw your account. In those instances, we would not charge you an overdraft fee related to the debit card transaction, but these transactions could cause overdraft fees on other transactions, including checks.

09. What if I don’t want this service?

If you don’t request the debit/ATM card overdraft service, everyday debit card or ATM transactions that would overdraw your account will be denied.

10. I’m not sure I should have the debit/ATM card overdraft service. What should I do?

Call our 24/7/365 Customer Care Center at 888-290-2265 or stop by your local Associated Bank. Regardless of your choice, you can always change your mind and reverse your decision.

11. Does this affect any automatic or recurring payments from my debit card?

Not at all. Many customers have insurance premiums, club dues or other automatic payments paid from their checking account via their debit card number. Those recurring payments are not affected by any of these changes and overdrafts would be authorized at our discretion, similar to checks, even if you do not add the debit/ATM card overdraft service.

12. What can I do to avoid overdrawing my account?

There are a number of steps you can take to reduce the likelihood of overdrawing your account:

  • Always keep track of your transactions and account balance using a checkbook register and/or personal finance software. It’s easy to forget about debit card, ATM or automated transactions, so be sure you write them down. You should always know how much money you have in your account.
  • Verify your account balance 24/7/365 by using online banking, our automated telephone banking at 800-236-7160 or at the ATM.
  • Use direct deposit for your paycheck – you’ll have immediate access to your funds.
  • Add email alerts from online banking. It’s an easy way to be aware when the balance in your account falls below a level you determine.
  • Keep a “cushion” of extra money in your account just to be safe.
  • Set up our Overdraft Protection Transfer Service that links your account to another savings, money market or other account. There is a fee in the event a transfer is needed to cover your overdraft. Loan products are subject to credit approval and involve interest and other costs. Please ask about details on fees and terms and conditions for these products.
  • Consider adding a small line of credit that will help cover you if you overdraw your account. Just be sure to pay it back as soon as you can. Loans are subject to credit approval and involve interest and other costs. Please ask for details.

13. Where can I find my routing number?

The sample check graphic shows where the routing number can be found on your checks. This routing number is used for transactions, such as ordering checks.

associated bank routing number

The Routing Number for Associated Bank is 075900575.


More info about Associated Bank's Routing Number

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*Please refer to the Funds Availability Policy disclosure within the Deposit Account Agreement for details on funds availability. Please refer to the What You Need to Know about Overdrafts and Overdraft Fees disclosure for more details.

Overdraft Protection Transfer Service links your checking account with your other accounts at Associated Bank, including another checking account, savings account, money market account, Consumer Credit Card, Checking Reserve Line of Credit, Premier Line of Credit, or Home Equity Line of Credit. Please ask about details on fees and terms and conditions of these products. Transfers from a savings or money market account will count towards Regulation D limits. Please refer to the Consumer Deposit Account Fee Schedule or contact us at 800-236-8866 to enroll in the service.

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