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Overdraft Services

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Overdraft Services

Choose what's right for you.

We want to make it easy for you to understand the Bank’s checking account services and the fees that may apply to your account. We also know that sometimes—whether you’re making a purchase, payment, or withdrawal—you need that transaction to go through.

Overdrafts explained

An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We use your Actual (Ledger) Balance to determine whether you have enough money in your account to pay an item when it is presented for payment. If your Actual (Ledger) Balance is insufficient to pay an item when it is processed in the order outlined under “How your transactions work” below, we may, in our sole discretion, pay the item (creating an overdraft) or return the item unpaid (NSF). If you overdraw your account, you agree to immediately pay all fees, overdrafts, and other amounts you owe us.

Progressive Pay: an Overdraft Service for your Checking Account

What it is:

Camden National Bank offers Progressive Pay service for checking accounts. If your account is eligible, we will consider authorizing and paying debit transactions that exceed your account’s Actual (Ledger) Balance, instead of automatically declining those transactions or returning them unpaid. Progressive Pay is a discretionary service; the Bank is not obligated to pay any item that exceeds your Actual (Ledger) Balance and may cease paying overdrafts at any time without prior notice of reason or cause.

How it works:

For our personal checking account customers, the standard Progressive Pay service allows us to authorize and pay overdrafts for checks, other debit transactions made using your checking account number (e.g., ACH debit transactions), and automatic bill payments. We will not authorize and pay overdrafts for ATM or everyday debit card transactions for your personal checking account unless you have opted in to payment of these overdrafts (see Overdraft Services Consent Form). If you do not opt in, we will decline any ATM or everyday debit card transaction that exceeds your Available Balance. For our business checking account customers, Progressive Pay automatically allows us to authorize and pay overdrafts for all transaction types except certain transfers between Camden National Bank accounts.

What it covers:

Consumer Accounts
Business Accounts
Checks or withdrawals slips Yes Yes
Automatic Payments (e.g. recurring phone bill, or utilities) Yes Yes
Recurring debit card purchases (e.g. subscriptions) Yes Yes
Everyday debit card purchases (e.g. coffee shop purchase or groceries) Optional Yes
ATM withdrawals Optional Yes
Transferring money between Camden National Bank accounts through online or telephone banking No No
Sending money with Zelle®*

*Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license
No No

What it costs:

We may charge you an Overdraft Fee of $35.00 if we pay an item that exceeds your Actual (Ledger) Balance. You will receive a notice for every overdraft or returned item processed through your account. Your periodic checking account statement reflects the total Overdraft Fees charged during the period and for year-to-date. We will not charge a fee if we return an item unpaid due to an insufficient Actual (Ledger) Balance; you may, however, be subject to third-party fees for the returned item.

We determine whether a debit card transaction overdraws your account at the time the merchant submits the transaction for payment (settlement). We will not, however, charge overdraft fees for debit card transactions that we authorize when you had a positive available balance, even if your actual (ledger) balance is insufficient to pay the item at the time it is submitted for payment. Here is an example of how a debit card transaction that was authorized at a time when your account’s available balance was positive may still overdraw your account: On Monday, we authorize a debit card transaction because you have a sufficient available balance at the time. An authorization hold is then placed on your account until the merchant submits the transaction for payment. On Tuesday we process and post another transaction (such as a check you wrote) that reduces your actual (ledger) balance below zero. If the merchant presented the original debit card transaction for payment on Wednesday, and your actual (ledger) balance remains below zero, the debit card transaction will overdraw your account. You will not incur an overdraft fee in these instances.

For personal checking accounts, we will not charge more than four (4) Overdraft Fees 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 if your end-of-day Actual (Ledger) Balance is overdrawn by $5 or less, additionally, we will not charge you an Overdraft Fee on any individual transaction presented for payment that is $5 or less.

How you will know:

You will receive an overdraft notice for every covered transaction. Your monthly checking account statement reflects the total Overdraft 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.

How your transactions work

The order in which transactions are processed and posted to your account may affect the total number of Overdraft Fees you incur. When a debit transaction is “posted,” it means the Bank has paid the item. We currently process and post items at the end of each business day, in this order:

First, we add to your Actual (Ledger) Balance deposits and other credits.
Second, we subtract from your Actual (Ledger) Balance debit card transactions and ATM withdrawals, in chronological order from oldest to newest.* Transactions without a timestamp are posted after the others, from the lowest dollar amount to the highest.
Third, we subtract from your Actual (Ledger) Balance other electronic transactions by type. Transactions of the same type are posted from the lowest dollar amount to the highest.
Fourth, we subtract from your Actual (Ledger) Balance checks in check number order from lowest to highest, followed by in-person transactions from the lowest dollar amount to the highest.
Finally, we subtract from your Actual (Ledger) Balance non-transactional fees (such as a paper statement fee). Fees that are caused by a transaction, such as an Overdraft Fee, are posted immediately after the transaction that caused the fee.
*Sometimes an everyday debit card transaction ends up overdrawing your account, even though your account had sufficient funds when we authorized the transaction. This may happen due to several factors, including the authorized amount being lower than the payment amount and/or the impact of the other transactions that posted between authorization and submission for payment, as sometimes the merchant delays submission for payment.

Keep an eye on it

You can avoid fees for overdrafts by making sure you always maintain enough money in your account to cover all of your transactions. We encourage you to keep track of all of your transactions, not just posted transactions, in over to avoid spending more money than you have in your account. The Current Balance and Available Balance we display to you in online banking, mobile banking, on teller receipts, and at the ATM, reflect posted transactions and debit transactions that the Bank has authorized but have not yet posted to your account (e.g., debit card purchases that you have made but the merchant has not submitted for payment). Your Available Balance is our most recent record of the amount of money available in your account for your use or withdrawal. You can actively monitor your account, check your Available Balance, and track your spending with these tools:
Sign up for Account Alerts
Simply log into online banking and select "Manage Alerts" under "Services"
Log into digital banking
Keep informed by regularly checking online banking or our mobile app
Use a Camden National Bank ATM
When in doubt, you can easily check your balance at any of our ATMs
The Current Balance and Available Balance we disclose to you may not include all of your transactions, such as checks you have written that have not yet been presented for payment or upcoming automatic payments. It is your responsibility to keep track of all of your transactions in order to avoid overdrafts and fees. To learn more about the balances we display for your account, see “Understanding Your Account Balance.”

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 item:

Transfer between Accounts Allows you to link another deposit account at Camden National Bank as a backup account to pay transactions that exceed your Actual (Ledger) Balance, if enough funds are available. The number of transactions may be restricted by account type.
Overdraft Line of Credit You may apply for a line of credit that will automatically lend you the amount you need to cover checks or other withdrawals that would overdraw your checking account, up to the amount of your approved credit limit. Funds borrowed from the line of credit are subject to interest charges and minimum monthly payments.
These alternative protection plans may be less expensive than our standard Progressive Pay overdraft services. Note that even if your account has been approved for an overdraft protection plan, you may still incur Overdraft Fees if you exceed your checking account’s balance and sufficient funds to cover the overdraft items are not available in your linked account or on the line of credit.

You're in control

You can avoid overdrafts or returned items by ensuring you’ve made (and we’ve cleared) sufficient deposits or transfers to cover your account activity before the business day ends. Here’s a guide to our cutoff times for making a deposit or transferring money from another Camden National Bank account:

At one of our banking center locations before it closes
At one of our envelope-free ATMs* or through mobile deposit before 7:00 pm ET

As a transfer through online banking or our mobile app before 8:30 pm ET

*Eligible funds from deposits made by envelope at our ATMs before 2:00 pm ET will be available next business day. All deposits are subject to proof and verification. Please see our Understanding Your Deposits page for more details.

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