If your Account has No Coverage, you are choosing not to participate in the Program, or your account is not eligible. Your Account will not have an Overdraft Honor Limit and we will decline ATM and one-time debit card transactions if you do not have enough funds in your Available Balance at the time you attempt to use your Card.
If you prefer that your Account have No Coverage, you may submit a written request to Overdraft Client Services at Republic Bank, Attn: Overdraft Honor, 601 W. Market St, Louisville, KY 40202, by visiting any of our banking centers, or by calling us toll-free at 1-866-562-8810.
If your Current Balance becomes overdrawn for any reason, you are obligated to repay us immediately. If you do not, a Daily Overdraft Fee will be assessed at the end of the first Business Day on which the account has been overdrawn at least three consecutive Calendar Days, including weekends and Federal holidays, and will be assessed for each consecutive Business Day after that on which your account has an overdrawn Current Balance for up to fourteen (14) Business Days. For example, if you overdraw your Current Balance on a Friday, you will incur a Daily Overdraft Fee at the end of the day Monday if your Current Balance remained negative throughout the weekend and Monday. We may use subsequent deposits, including direct deposits of social security or other government benefits, to cover Overdrafts, Returned Item Fees and Overdraft Fees, or any other fees and charges assessed against your account. Please note that you may incur Daily Overdraft Fees even if you do not have Overdraft Honor.