Overdraft Services

Lake City Bank will charge your account a $35 fee for each transaction causing an overdraft (up to and including three per day). We charge a $35 Overdraft Fee if the transaction is paid or a $15 NSF (Non-Sufficient Funds) Fee if the transaction is returned. We will waive the Overdraft Fee on any transaction that is $5 or less and causes your account to be overdrawn.

The two most economical ways to avoid overdrafts are through a PATS Agreement or through a line of credit.

• A Pre-authorized Transfer Service (PATS) agreement authorizes Lake City Bank to cover your overdraft from available funds in another checking or savings account at Lake City Bank. We make transfers in $100 increments and charge you $10 per transfer.
• If approved for a Lake City Bank line of credit, it can be set up to transfer funds automatically from your line to cover the overdraft. We may assess a transfer fee depending on the terms of the line of credit agreement.

Overdraft Privileges is a secure, convenient and confidential service that is available automatically to customers whose eligible accounts are open for at least 60 days and remain in good standing. If you overdraw your checking account, Lake City Bank may cover your shortfall up to $750 instead of returning your transaction unpaid. So if you overspend by mistake, Overdraft Privileges can save you the embarrassment of having a transaction returned unpaid, additional merchant penalty fees and the inconvenience of a returned transaction.

A $35 overdraft fee will apply for each transaction that is paid when your account is overdrawn. There is no separate fee for Overdraft Privilege services. Payment of overdrafts is discretionary, and Lake City Bank reserves the right not to pay.

Overdraft Privileges covers transactions such as checks, in-person withdrawals, ACH transactions, pre-authorized electronic transactions, and automatic bill payments. 

Overdraft Privileges does not cover ATM and one-time debit card transactions unless you authorize Lake City Bank to pay these types of transactions causing an overdraft. If you do not authorize Lake City Bank to authorize and pay overdrafts for ATM and one-time debit card transactions, then we will decline the transaction. If you authorize Lake City Bank to pay overdrafts for ATM and one-time debit card transactions, you may revoke that authorization at any time by contacting the One Call Center at (888) 522-2265.

Contact your local Lake City Bank branch or call the One Call Center at (888) 522-2265 and request an ATM and Debit Card Overdraft Coverage Opt-In form.

Lake City Bank provides convenient round-the-clock access to your account information through Lake City Bank Digital. We encourage you to enroll in this free service to help you manage your account responsibly.