What fees will I be charged if Gate City Bank pays my NSF transaction?

We do authorize and pay NSFs 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 NSFs for the following types of transactions unless you ask us to (see below):
 - ATM transactions
 - Everyday debit card transactions

We pay NSFs 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 NSF, your transaction will be declined or returned.

The day a deposit shows up in your account largely depends on how it’s deposited:

• In person: When made during regular business hours, deposits will often show up in your account right away. However, there are certain cases where the wait time may vary.
  • For example, if you’ve deposited over $6,725 in checks in one day, the remaining funds could take up to seven business days to show up.
• Mobile deposit: As long as your deposit is under the $5,000 limit, once it has been accepted, funds are generally reflected in your account within one business day.
• Domestic direct deposit: Funds are typically available the same day we receive them.
• Night drop: Any deposit made using the night drop after business hours will typically be completed at the beginning of the next business day (unless it’s a holiday).
• Business remote deposit capture: These deposits typically post to an account within one business day.

If you have questions about when your deposit will post to your account, please contact us. We will be happy to assist you!

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.

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.

After submitting the mobile deposit, you’ll receive a reference number and status for it. When your deposit is accepted, it may take up to one business day¹ to appear in your account. If your deposit is held for review, you’ll receive an email notification when your mobile deposit is either approved or declined.

Please check your email within a business day of your deposit. You’ll be able to see the status of current and past deposits by selecting the “View History” icon (folder) at the top right of the mobile deposit screen.