An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in two different ways:

  1. We have standard overdraft practices that come with your account.
  2. We also offer overdraft protection plans, such as a link to a savings account or to an overdraft line of credit, which may be less expensive than our standard overdraft practices.

To learn more, ask us about these plans. This notice explains our standard overdraft practices.

What are the standard overdraft practices that come with my account?

We can authorize and pay overdrafts for the following types of transactions:

  • Checks and other transactions made using your checking account number
  • Automatic bill payments

We do not authorize and pay overdrafts for the following types of transactions, unless you ask us to.

  • ATM transactions
  • Everyday debit card transactions

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined or returned.

What fees will I be charged if Republic Bank of Chicago pays my overdraft?

Under our standard overdraft practices:

  • We may charge you an Overdraft Fee of $35 each time we pay an overdraft. We reserve the right to change our fee at any time with prior notice.
  • There is a limit of four (4) overdraft fees we can charge you daily, for overdrawing your account.

What if I want Republic Bank of Chicago to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, please OPT IN.

You have a RIGHT TO REVOKE YOUR OPT-IN AT ANY TIME. You may come in person to your nearest branch or call 800-526-9127.