Overdraft changes for Debit Cards and ATM use require your attention. Make your overdraft decision today!

Effective July 1, 2010, new federal regulations limit the ability of financial institutions like Peoples Bank of East Tennessee to assess an overdraft fee for authorizing and paying ATM transactions and everyday debit card transactions that overdraw your account unless you consent, or opt in, to the financial institution’s overdraft service.

Please review the online notice and inform us of your decision by one of the following methods:

The new rules do not include checks and other transactions made using your checking account number or automatic bill payments.


You will be charged a fee of $35.00 per item for each overdraft or insufficient funds item.  You will be charged an additional overdraft fee of $4.00 per day if the account is overdrawn more than seven (7) days.  Insufficient funds/Overdraft fees apply to overdrafts created by check, in-person withdrawal, ATM withdrawals, or other electronic means. Return item fees are imposed when checks and items presented by electronic means are returned unpaid.