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Overdraft Options

You lose track of your balance, or an unexpected expense stretches your finances too far. In those cases, our overdraft services can keep your transactions processing smoothly.
 

Overdraft Protection provides relief in a financial pinch

It happens sometimes - a payment, purchase, or withdrawal is more than your account balance. Overdraft Protection acts as a safety net, helping cover checks, ATM withdrawals, and debit card purchases to avoid declined transactions.

New Peoples Bank offers two options: Optional Overdraft Protection Service (OOPS) and OOPS Plus. Here’s what they cover:

 

OOPS

  • Checks
  • Automatic bill payments
  • Telephone-initiated transfers or other electronic transfers
  • Preauthorized automatic debits

 

OOPS Plus

  • Everything covered by OOPS
  • ATM transactions
  • Everyday (one-time) debit card transactions
 
 








































Overdrafts & Overdraft Fees — What to Know

An overdraft happens when there isn’t enough money in your account to cover a transaction, but we pay it anyway. We cover overdrafts in two ways:

  • Standard overdraft practices included with your account
  • Overdraft protection options, such as a line of credit, link to another account, or Optional Overdraft Protection Service, which may cost less

 


We do 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 (see below):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.

 

Under our standard overdraft practices:
  • We will charge you a fee of $35.00 each time we pay an overdraft, with a maximum of 6 overdraft/NSF fees per day.
  • What if I want New Peoples Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions?
  • If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions, complete the information below and submit the form online.








Dig into the details

For more information, read through our Program Details and Disclosures. 

Family on vacation.

Flexible Funds for What Matters Most

 
A Home Equity Line of Credit (HELOC) gives you access to funds when
you need them—whether it’s for home improvements, education
expenses, debt consolidation, or unexpected costs.