Overdraft Protection

PROTECT YOUR ACCOUNTS FROM OVERDRAFT

Have you ever made an honest mistake in your checkbook? Found yourself a little short? Had unforeseen expenses at the wrong time?

KANZA Bank offers two options that provide you with the flexibility to manage your funds and protect your checking accounts against overdrafts. These options also help you avoid high charges from merchants for returned checks.

Overdraft Transfer

From Savings, Money Markets and other Checking accounts. You may authorize KANZA Bank to transfer funds from designated accounts to cover your Checking accounts that contain insufficient funds. Funds are withdrawn from accounts in $100 increments and are automatically transferred to cover overdrafts, with a small transfer fee of $10.

Overdraft Privilege

Rather than automatically returning any unpaid insufficient fund items that you may have, we will consider without obligation the payment of your reasonable overdrafts within specified limits for eligible account types.

Overdraft protection can mean:

You avoid high charges from merchants for returned checks.
Payment of overdrafts up to a $400 overdraft (negative) balance for Venture Student Checking accounts, a $1,000 overdraft (negative) balance for Thrive Checking accounts, and a $800 overdraft (negative) balance for Venture Checking and Venture 65+ Checking accounts.
For each overdraft item, KANZA Bank will charge our normal $35* insufficient funds or overdraft charge.
New accounts immediately qualify for $200 Overdraft Privilege for the first 30 business days. The remaining amount of ODP coverage for the designated account type will automatically, be granted on day 31.

For additional detail regarding this great service, please refer to our Overdraft Privilege Disclosure.

insufficient funds or overdraft charge

Our normal insufficient funds or overdraft charge of $35* will apply to each item that would create an overdraft on your account. The categories of transactions for which an overdrafts and resulting overdraft fees may be imposed include checks; in-person withdrawals; ATM withdrawals, debit card transactions, preauthorized automatic debits, electronic checks, telephone-initiated transfers, or other electronic transfers; payments authorized by you; the return, unpaid of items deposited by you; the imposition of bank service charges; or the deposit of items which according to our Funds Availability Policy are treated as not yet "available" or finally paid. Our insufficient funds and overdraft charges are per item fees. Therefore, more than one insufficient or overdraft fee could be charged against the account per day. Of course, we are not promising to pay your overdrafts, not all accounts are eligible, and some restrictions do apply.

*This fee may change. Daily overdraft fee of $5 per business day after three (3) consecutive business days overdrawn also applies.