Overdraft SolutionsFor Life's Little Oops

Overdraft Privilege

Overdraft Privilege helps protect you against having your items returned in the event of inadvertent overdraft of your account by giving you a reserve for emergencies or unexpected situations. There is no fee for having this privilege on your account, you are only charged if you use the service.

If you are interested in having VCB extend Overdraft Privilege to ATM and everyday Debit Card transactions, you will need to contact us to take advantage of this service.

Please refer to the following documents below for more information related to overdraft fees, categories of transactions for which fees may be imposed as well as information related to when we will not pay an overdraft and when you will be expected to repay any overdraft we do pay.

What fees are charged:

• Our standard Overdraft fee of $35 will be imposed for overdraft created by checks, ACH, ATM withdrawals, everyday debit card transactions, in person withdrawals, or by other electronic means
• VCB will not charge a fee if your account is overdrawn less than $2.00 on any given day and/or we will not charge you a fee if the item presented is less than $2.00
• If your account balance is overdrawn $10.00 or more for longer than 5 consecutive calendar days, we will charge your account a daily overdraft fee of $6.00 for each consecutive calendar days the account remains overdrawn, beginning with day 6
• There is a limit of five (5) per day or $175 on the total fees we charge you for overdrawing your account

For your convenience, you may print and complete the form below and return it to any of our convenient branch locations to get started.

Discretionary Overdraft Privilege Disclosure & Opt-In Form

Overdraft Privilege Brochure

Overdraft Protection - Freedom Account

If you overdraw your checking account, a Freedom Account will spare you the inconvenience of returned checks and overdraft charges. Here’s how it works.

When you complete the Freedom Account application which is available at any of our convenient branch locations and it is approved by us, you are actually taking out a line of credit that can be applied to any little emergency, such as overdrawing your checking account.

If you overdraw your checking account, your Freedom Account line of credit is automatically activated. You are spared the inconvenience of returned checks and overdraft charges. With the Freedom Account, we simply bill you monthly payments, as if you had taken out a loan.

So if you want to guarantee that your checks are always good, ask us about the Freedom Account today. To get started, there’s a setup fee of $18 and an annual fee of $30 thereafter.

Freedom Account Disclosure Agreement