Overdraft Preferences Form

Choose Your Overdraft Coverage Preferences

Use this form to change overdraft program preferences on your personal checking accounts.

• Remove all overdraft coverage will remove your overdraft limit on your account. We will generally return transactions when your ledger balance is not sufficient to cover them. If we return the transaction, we will not charge you an NSF fee, but the merchant may charge you fees. From time to time, Arvest, in our sole discretion, may pay a check, automatic bill payment, ACH transaction or other recurring debit transaction that overdrafts your account and charge you an overdraft fee of $17. We will not charge you an overdraft fee if you decline overdraft coverage and we choose to pay an everyday debit card or ATM transaction that overdrafts your account.
• Basic Overdraft Coverage will cover checks and other transactions made using your checking account number, automatic bill payments and other recurring debit card transactions such as monthly memberships and subscriptions and Automated Clearing House (ACH) electronic payments for bills automatically deducted for your account when your account’s ledger balance does not have enough money to cover a transaction. Basic Overdraft Coverage does not cover everyday debit card or ATM transactions and will normally be declined at the point of sale or ATM if your available balance is insufficient to cover the transaction when it is initiated. For all consumer accounts, if we pay a transaction covered under Basic Overdraft Coverage, we will charge you an overdraft fee of $17 per overdraft, for a maximum of four (4) overdraft fees per day, even if we pay more than 4 transactions.
• Extended Overdraft Coverage will cover the transactions included in Basic Overdraft Coverage plus ATM including cash withdrawals and transfers between accounts and everyday (i.e., one-time) debit card purchases at stores and online and payments such as utilities, online shopping, and reservations. For all consumer accounts, if we pay an overdraft covered under Extended Overdraft Coverage, we will charge an overdraft fee of $17 per overdraft, for a maximum of four (4) overdraft fees per day, even if we pay more than 4 transactions.