Overdraft Services
Choose what's right for you.
We know that sometimes—whether you’re making a purchase, payment, or withdrawal—you need that transaction to go through. When there isn’t enough money in your account to cover a transaction, but we pay it anyway, an overdraft occurs.
You’ve got options
It’s important to know that you have many options for how to handle times when your account balance runs low. Of course, the best way to ensure your transactions are paid is to actively monitor and track your spending to maintain a positive account balance. For those situations that exceed your Actual (Ledger) Balance, we have several options to increase the likelihood that your transactions will be paid—which may prevent a debit card decline or returned check fee:
How your transactions work
The way we post transactions impacts your actual account balance. We generally post in this order:
Customer Testimonials
You're in control
Progressive Pay: an Overdraft Service for your Checking Account
Eligible accounts are automatically enrolled in our Progressive Pay service at account opening.
Enrolled accounts receive a Progressive Pay coverage amount. Your coverage amount is determined based on things such as the account’s age, activity, and usage history and may vary as things change. When we post transactions at the end of the business day, transactions may be automatically paid up to your Progressive Pay coverage amount.
- Consumers – You may elect to have your Progressive Pay coverage amount apply to everyday debit card transactions (such as groceries, gasoline and dining out) and ATM withdrawals. If you do, everyday debit card transactions and ATM withdrawals that would otherwise be declined may be authorized based on your Progressive Pay coverage amount. You may change your election at any time.
Eligible accounts are automatically enrolled in our Progressive Pay service at account opening.
Enrolled accounts receive a Progressive Pay coverage amount. Your coverage amount is determined based on things such as the account’s age, activity, and usage history and may vary as things change. When we post transactions at the end of the business day, transactions may be automatically paid up to your Progressive Pay coverage amount.
- Consumers – You may elect to have your Progressive Pay coverage amount apply to everyday debit card transactions (such as groceries, gasoline and dining out) and ATM withdrawals. If you do, everyday debit card transactions and ATM withdrawals that would otherwise be declined may be authorized based on your Progressive Pay coverage amount. You may change your election at any time.
We may charge you an Overdraft Fee of $35.00 if we pay an item that exceeds your Actual (Ledger) Balance. We may charge you a Returned Item (NSF) Fee of $35.00 if we return an item unpaid due to an insufficient Actual (Ledger) Balance. You will receive a notice for every Overdraft Fee or Returned Item (NSF) Fee charged to your account. Your monthly checking account statement reflects the total Overdraft Fees and Returned Item (NSF) Fees charged during the month and for year-to-date.
Please be aware that third parties sometimes resubmit items that we return unpaid, which can result in additional Overdraft Fees and Returned Item (NSF) Fees. We determine whether a debit card transaction overdraws your account at the time the merchant submits the transaction for payment, not at the time of authorization (when you swipe your card). Debit card transactions that we authorize when you had a positive Available Balance may result in an Overdraft Fee if you your Actual (Ledger) Balance is insufficient to pay the item at the time it is submitted for payment. See our Electronic Fund Transfer Disclosure and Agreement (personal accounts) or Business Card Agreement (business accounts) for more information.
For personal checking accounts, we will not charge more than six (6) Overdraft Fees and Returned Item (NSF) Fees, in total, on any one business day. In addition, you will not be charged Overdraft Fees for ATM withdrawals or everyday debit card transactions unless you have opted in to Progressive Pay for ATM and debit card transactions. These limitations do not apply to business checking accounts. For all checking accounts (personal and business), we will not charge an Overdraft Fee or Returned Item (NSF) Fee if your end-of-day Actual (Ledger) Balance is overdrawn by $5 or less
You will receive an overdraft notice for every covered transaction. Your monthly checking account statement reflects the total Overdraft Fees and Returned Item (NSF) Fees charged during the month and for year-to-date.
Progressive Pay is typically extended only to accounts in good standing, which requires, but is not limited to, the following account characteristics: (a) consistent deposit activity, including sufficient deposits to bring your account balance positive at least once every 30 calendar days (including payment of all bank fees and charges); (b) no excessive overdraft usage that suggests you are treating Progressive Pay as if it were a line of credit; and (c) not subject to any legal or administrative order, levy, or lien.
Both personal and business checking account customers may opt out of Progressive Pay at any time. Personal checking account customers may also revoke their consent to Progressive Pay for ATM and everyday debit card transactions without removing overdraft services for other transactions. Visit a Camden National Bank branch, call 800-860-8821, or send a secure message from your online banking account for more information or to remove Progressive Pay services from your account.
Eligible accounts are automatically enrolled in our Progressive Pay service at account opening.
Enrolled accounts receive a Progressive Pay coverage amount. Your coverage amount is determined based on things such as the account’s age, activity, and usage history and may vary as things change. When we post transactions at the end of the business day, transactions may be automatically paid up to your Progressive Pay coverage amount.
- Consumers – You may elect to have your Progressive Pay coverage amount apply to everyday debit card transactions (such as groceries, gasoline and dining out) and ATM withdrawals. If you do, everyday debit card transactions and ATM withdrawals that would otherwise be declined may be authorized based on your Progressive Pay coverage amount. You may change your election at any time.
We may charge you an Overdraft Fee of $35.00 if we pay an item that exceeds your Actual (Ledger) Balance. We may charge you a Returned Item (NSF) Fee of $35.00 if we return an item unpaid due to an insufficient Actual (Ledger) Balance. You will receive a notice for every Overdraft Fee or Returned Item (NSF) Fee charged to your account. Your monthly checking account statement reflects the total Overdraft Fees and Returned Item (NSF) Fees charged during the month and for year-to-date.
Please be aware that third parties sometimes resubmit items that we return unpaid, which can result in additional Overdraft Fees and Returned Item (NSF) Fees. We determine whether a debit card transaction overdraws your account at the time the merchant submits the transaction for payment, not at the time of authorization (when you swipe your card). Debit card transactions that we authorize when you had a positive Available Balance may result in an Overdraft Fee if you your Actual (Ledger) Balance is insufficient to pay the item at the time it is submitted for payment. See our Electronic Fund Transfer Disclosure and Agreement (personal accounts) or Business Card Agreement (business accounts) for more information.
For personal checking accounts, we will not charge more than six (6) Overdraft Fees and Returned Item (NSF) Fees, in total, on any one business day. In addition, you will not be charged Overdraft Fees for ATM withdrawals or everyday debit card transactions unless you have opted in to Progressive Pay for ATM and debit card transactions. These limitations do not apply to business checking accounts. For all checking accounts (personal and business), we will not charge an Overdraft Fee or Returned Item (NSF) Fee if your end-of-day Actual (Ledger) Balance is overdrawn by $5 or less
You will receive an overdraft notice for every covered transaction. Your monthly checking account statement the total transaction fees (both Overdraft Fees and Returned Item Fees) charged during the month and for the year-to-date.
Progressive Pay is typically extended only to accounts in good standing, which requires, but is not limited to, the following account characteristics: (a) consistent deposit activity, including sufficient deposits to bring your account balance positive at least once every 30 calendar days (including payment of all bank fees and charges); (b) no excessive overdraft usage that suggests you are treating Progressive Pay as if it were a line of credit; and (c) not subject to any legal or administrative order, levy, or lien.
Both personal and business checking account customers may opt out of Progressive Pay at any time. Personal checking account customers may also revoke their consent to Progressive Pay for ATM and everyday debit card transactions without removing overdraft services for other transactions. Visit a Camden National Bank branch, call 800-860-8821, or send a secure message from your online banking account for more information or to remove Progressive Pay services from your account.