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Citizens Progressive Bank offers many useful
services for your convenience.

Overdraft Privilege

Should you inadvertently overdraw your account for any reason; we can at our discretion, elect to cover your overdrafts. This service will save you the embarrassment and inconvenience of a returned check. For more information, contact one of Citizens Progressive Bank’s offices.

An overdraft fee of $30.00 will be charged per item for covering overdrafts created by check or draft, in-person withdrawal, ATM withdrawal, or other electronic means.



It is the policy of CITIZENS PROGRESSIVE BANK to comply with all applicable laws and regulations to conduct business in accordance with applicable safety and soundness standards.

The Account Agreement, Funds Availability & Electronic Funds Transfer (EFT) Disclosure (“Account Agreement”) provided to you at the time you opened your account with us controls the duties, obligations and rights of the Depositor, the Authorized Signatories and CITIZENS PROGRESSIVE BANK with regard to your checking account. The Account Agreement (and all amendments thereto) and its terms shall control any possible conflict between any provision of this Discretionary Overdraft Privilege Policy and Account Agreement. A copy of the account agreement is available to you upon request from a CITIZENS PROGRESSIVE BANK representative at any of our branches.

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 overdrafts in two ways: (1) we have the standard overdraft practices that come with your account (2) we also offer an overdraft protection plan that links one account to another, such as a savings account, in which fees are less expensive than our standard overdraft practices. To learn more, please ask us about this plan.

CITIZENS PROGRESSIVE BANK is not obligated to pay any item presented for payment if your account does not contain sufficient available funds. Any discretionary payment by CITIZENS PROGRESSIVE BANK (or other negotiation or processing) of any non-sufficient fund check or checks (or other item) does not obligate CITIZENS PROGRESSIVE BANK to pay any additional non-sufficient fund check or item or to provide prior notice of any decision by CITIZENS PROGRESSIVE BANK to refuse to pay any additional non-sufficient fund check or item.

Pursuant to CITIZENS PROGRESSIVE BANK’S commitment to always provide you with the best level of customer service, now and in the future, coverage under this program will be automatic beginning at account opening in the amount of $100.00. If your account has been open for at least forty-five (45) days, and thereafter you maintain your account in good standing, you will receive the full overdraft coverage of $500.00 for personal checking accounts and $750.00 for commercial checking accounts. An account in good standing includes at least:

  • Making regular deposits consistent with your best practices;

  • Depositing an amount at least equal to the amount of discretionary privilege overdraft extended to you in your account within a thirty (30) day period and bringing your account balance to a positive balance at least once every thirty (30) days;

  • You are not in default on any loan or other obligation to CITIZENS PROGRESSIVE BANK;

  • You are not subject to any legal or administrative order or levy

We may determine, at our discretion, the order that we process and post credits, debits and holds to your account. Items presented for payment may not be processed in the order as they are received and that order may affect the total fees assessed to your account. Typically all credits are posted to your account first with debits following by category. Generally the first items that we pay are ATM withdrawals and debit card transactions. Next, we pay any checks cashed at our bank or that you have written to us and checks taken for deposit for which cash is not given, in whole or in part, at our bank. We then pay items that were submitted electronically, such as ACH items, preauthorized automatic transfers, telephone -initiated transfers and any other electronic transfers. Finally, we pay the remaining checks by dollar amount, from low to high.

CITIZENS PROGRESSIVE BANK WILL CONSIDER APPROVING YOUR REASONABLE OVERDRAFTS AS A DISCRETIONARY PRIVILEDGE AND NOT A RIGHT OF YOURS OR ANY OBLIGATION ON CITIZENS PROGRESSIVE BANK. This discretionary service is offered as a privilege to certain customers and generally limited to a maximum of (1) a $500.00 overdraft (negative) balance for personal checking accounts and (2) a $750.00 overdraft (negative) balance for a Commercial Checking Account. Any and all bank fees and charges, including without limitation all fees and interest charges associated with a returned item fee (NSF)/overdraft, which is currently $30.00 for handling each item paid by discretionary overdraft privilege and drawing on uncollected funds (as set forth in our fee schedules and account agreement), will be included in this limit. Any item that is initially returned to the payee because the available balance in your account was not sufficient to cover the item can be represented by the payee for payment multiple times, which is beyond our control. We will charge an overdraft or return item fee regardless of the number of times an item is presented to us for payment against insufficient funds, and regardless of whether we pay or return the item. If your account should reach an overdrawn status, you will be notified in writing of the overdraft account. If the account is still overdrawn in 30 days, the overdraft courtesy amount will be lowered to the minimum amount or be suspended from the account. Once the account has a positive balance, the Bank may elect to reinstate the full courtesy amount.

CITIZENS PROGRESSIVE BANK may refuse to pay any item that would result in any overdraft (negative) balance in your account, even though your account is in good standing and even though CITIZENS PROGRESSIVE BANK may have previously paid overdrafts for you. CITIZENS PROGRESSIVE BANK is not obligated to notify you before we pay or return any item which would result in an overdraft (negative) balance.

The total of the discretionary privilege overdraft (negative) balance, including any and all bank fees and charges and all fees and interest charges associated with non-sufficient funds/overdraft items and drawings on uncollected funds (as set forth in our fee schedules and account agreement), is due and payable upon demand. Depositor and each Authorized Signatory will continue to be liable, jointly and severally, for all such amounts, as described in the Account Agreement.

Again, approval of payment of reasonable overdrafts by CITIZENS PROGRESSIVE BANK on accounts in good standing (as described above) is only a discretionary privilege, and not a right or obligation, it is within CITIZENS PROGRESSIVE BANK’S sole and absolute discretion, and can cease at any time without prior notice and without reason or cause.