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cheerful young woman checks her phone, knowing she is covered with overdraft protection options from Gate City Bank

Overdraft Protection for the Unexpected.

Life comes with surprise expenses. At Gate City Bank, we offer several options to help you avoid the risk of overdrafts and keep your balance at your fingertips – anytime, anywhere.

Better Back-Up.

Overdrafts occur when there’s not enough money in your account to cover a transaction. The best way to avoid overdrafts – and the fees that come with them – is to understand what account options are available that ensure necessary funds are always available to cover purchases.

When it comes to preventing overdrafts, we’re with you every step of the way, helping you feel supported and empowered.

Young woman paying for coffee on her smartphone without any worries, thanks to Gate City Bank overdraft protection

Sync With Savings Link.

Connect your savings to your checking account, in case your balance runs low. We'll automatically pull funds from your savings to protect against overdrafts. Just call 701-293-2400 or 800-423-3344, or stop in!

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Reserve a Line of Credit.

Linked to your checking account, a checking reserve line of credit automatically protects against overdrafts in case of emergency expenses.

18% APR1 (annual percentage rate)
$35 annual fee
$1,000-$5,000 lines of credit
Revolving with no maturity

Apply Online
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Keep It Simple With BankOn.

An easy checking account, BankOn is crafted to help protect you from accidentally overspending your balance.

Learn More

Have Questions? We’ve Got You (and Overdrafts) Covered!

An overdraft fee occurs when you try to spend more money than you have available in your checking account. Rather than denying the transaction, the bank will allow the purchase by advancing the funds to cover the purchase, with a nominal charge to your account.

Overdraft fees can involve check, ACH or debit card transactions. Some banks will occasionally forgive an overdraft fee to help you cover other essential expenses from your account. However, it’s best to review your bank’s account agreements to understand the policy on handling overdrafts.

When it comes to protecting yourself from overdraft fees, you have two main options – connecting your Gate City Bank checking account with your savings account or adding a reserve line of credit to provide extra peace of mind:

  • Savings Link: Link your savings as a back-up to your checking account. This service will automatically transfer funds from your Gate City Bank savings account to cover any transactions that may otherwise result in an overdraft fee.
  • Checking Reserve Line of Credit: With a checking reserve line of credit, you pay finance charges on the amount you borrow in addition to an annual fee. You can even use the line of credit to cover short-term cash needs! Access the application here. Gate City Bank’s checking reserve line of credit amounts include a $1,000 minimum and $5,000 maximum. Other key factors:
    • Revolving, no maturity
    • 18% APR1 (annual percentage rate)
    • $35 annual fee

Learn more about helpful hints and habits to avoid overdrafts or check out our BankOn checking account for even more ways to steer clear of overdraft fees.

The best way to prevent overdraft fees is to know your daily balance, manage your monthly budget and try not to spend more money than you have available, but mistakes do happen. Learn more about some habits you can adopt to avoid surprise overdraft fees.

To set up your savings link, give us call at 701-293-2400 or 800-423-3344, or stop by any of our convenient locations. We’ll be happy to assist you and answer any questions you may have!

Speak with one of our helpful lenders to learn more about a checking reserve line of credit. They’ll be happy to assist you with the application process!

Overdrafts occur when a transaction is paid even though you do not have an adequate balance to cover a transaction presented. At Gate City Bank, a fee is incurred for this type of transaction.

Non-sufficient funds (NSF) refers to when a transaction is declined or returned because you do not have an adequate balance to cover a transaction presented. At Gate City Bank, there is no fee for this type of transaction.

To locate a current list of the total amount you have paid year-to-date in overdraft fees, please reference your most recent checking account statement (last page).

To view your online statements or notices from your Gate City Bank online banking account:

  1. Log in to online banking.
  2. Select “View Statements/Notices” from the menu.
  3. Then, select “Statements” or “Notices” from the menu to view your documents.

You can also view statements and notices from our mobile app:

  1. Log in to the Gate City Bank mobile app.
  2. Tap “More,” then “Statements and Notices.”
  3. Select the account documents to view.
  4. Tap on the statement or notice to view.

Note: Please log in to online banking from a web browser to view statements and notices from any closed accounts.

With debit card controls, you can lock your debit card so that no transactions will be approved (aside from reoccurring payments). You can also set blocks based on:

International: Transactions for your card outside your home country will be blocked. (Note: If this option is enabled, the region limit type can’t be used.)

Region: This limits the use of a card within a specified radius. Any transactions attempted outside that radius will be blocked.

Merchant: Block transactions for a card based on specific types of businesses.

Transaction: Easily block transactions for a card based on the transaction type.

Amount: Set a limit for the transaction amount for a card. Transactions higher than the designated limit will be blocked.

When opening a checking account, you have the ability to choose whether or not you would like Gate City Bank to consider paying ATM withdrawals and everyday debit card transactions when the funds are not available in your account. If you would like to change your selection at any time, simply give us a call, send us a message from online banking or stop by one of our convenient locations.

happy man holds coffee cup and enjoys a conversation with friend about how to prevent overdraft fees with gate city bank

Things to Know About Overdraft Protection

When it comes to maintaining a checking account, be sure to know your overdraft protection options and the fees you could face if you draw more money than is actually in your account.

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How to Prevent Overdrafts and the Fees That Follow

Want to learn more about overdrafts and how to prevent them? You’re in the right place! Learn more.

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Better Banking That Keeps Accounts in Good Standing

It’s crucial to keep your accounts in good standing, but what exactly does that mean? Let us help walk you through the importance of making payments on time, not exceeding card limits, spending within your means and more!

1 Current loan qualifications apply. Other terms and conditions may apply. Rates are subject to change. Alrighty – see ya later!