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Overdraft Priviledge

On many accounts, Pinnacle offers overdraft privileges ranging from $500-$1,500, depending on the account. For clients who currently have overdraft privileges at PrimeTrust or Bank of the South, the chart below shows what your limit will be at Pinnacle.

With overdraft privilege, your account has a "cushion" when the balance reaches $0. At that point, overdraft privilege allows payment to be made without incurring returned check fees from retailers, etc. However, for each transaction using overdraft privilege, there is a $36.00 insufficient funds fee that will be charged to the account. Pinnacle's overdraft privilege program may allow ATM withdrawals or transfers, and may pay paper checks and debit card purchases up to the amount of the overdraft privilege limit. This is broader than the current PrimeTrust program, which allows overdraft privilege access only for paper checks and not electronic transactions. If you prefer not to participate in this program, you can opt out at any time.

If you need to access some amount of your overdraft privilege on a regular basis due to the timing of payments -vs- deposits, please ask your financial advisor about Overdraft Protection. Your financial advisor will help you determine whether Overdraft Protection, which prevents overdrafts by pulling funds from a savings or credit account, is a better option