Exchange Bank, a local bank with locations in Milledgeville, Gray, and Lake Oconee Georgia

Overdraft Privilege Program


Overdraft Privilege Program
Exchange Bank offers an Overdraft Privilege program that allows a customer to overdraw their checking account up to a pre-approved and predetermined amount for a fee per item. The fee is $30.00 per item up to a maximum of $150.00 in any one day. The Overdraft Privilege program is designed to protect you from INADVERTANT overdrafts only. Overdrawing your account on a regular basis can be costly. Overdraft fees can be created by check, in-person withdrawal, ATM withdrawal, or other EFT means. There are less costly alternatives to the Overdraft Privilege program. They are:
·         You can set up a savings account or another checking account to transfer funds to your checking account in the event funds are not available to cover an overdraft.
·         A loan or a personal line of credit (if you qualify) may be more practical than Overdraft Privilege.
Whether your overdrafts will be paid is discretionary and we reserve the right not to pay.
Access to free or low-cost financial education is available. The Federal Trade Commission (FTC) Choosing a Credit Counselor is a resource that is available. The site can be accessed online at