Important Information About Overdraft Coverage

For clients who manage their accounts responsibly, Tompkins Trust Company provides an Overdraft Courtesy as part of our standard overdraft practices for personal and business checking accounts.

Overdraft Courtesy may serve as a safety net for your account. In the event you don’t have sufficient funds available to cover a transaction, we may, at our discretion, advance funds to pay it, and our standard overdraft fee of $38 would be charged. Many customers who have had occasion to use Overdraft Courtesy appreciate that it prevented the embarrassment and inconvenience of a declined transaction, even though there was an overdraft fee. 

Tompkins Trust Company is not obligated to pay any item presented for payment if your account does not contain sufficient available funds.  Any discretionary payment by Tompkins Trust Company of an overdraft check (or item, such as an ATM withdrawal) does not obligate the bank to pay any other overdraft check (or item), or to provide prior notice of its decision to refuse to pay such check (or item).   

Overdraft Courtesy for everyday Debit Card and ATM transactions on personal checking accounts:
A federal regulation requires personal checking customers to make a choice regarding the overdraft practices for their everyday debit card and ATM transactions. With increasing use of debit cards and ATMs for casual transactions, the regulation is intended to ensure that consumers understand the overdraft practices and fees for these transactions. In order for banks to extend its standard overdraft practices, such as Overdraft Courtesy, to cover an everyday debit card or ATM transaction, it must have the client’s permission, called an Opt-In, on file. 

If you Opt-In to Overdraft Courtesy for everyday Debit Card and ATM transactions:
We may continue to extend Overdraft Courtesy to approve any of your transactions, including everyday debit card and ATM transactions, and our standard overdraft item fee of $38 would apply.
 

If you don’t Opt-In to Overdraft Courtesy for everyday Debit Card and ATM transactions:
If we don’t have your Opt-In on file, we will not be able to extend Overdraft Courtesy to approve an everyday debit card or ATM transaction if you don’t have sufficient available funds. Regretfully, your transaction will be declined.
 

Questions?
If you have any questions, our bankers are ready to assist. Stop by your branch, or call our Customer Care Center at 1-888-294-4119. You may also find the Q & A 
here to be helpful.
 

Here’s how to Opt-In to Overdraft Courtesy for everyday Debit Card and ATM transactions:
When you’re ready to Opt-In, you can 
click here to complete our convenient opt-in form online, call us at 1-888-294-4119, stop by your branch or print and mail the completed opt-in form to
 

Deposit Operations
PO Box 460
Ithaca, NY 14851 
 

If you have already opted in and would like to revoke your Opt-In for Overdraft Courtesy on everyday Debit Card and ATM transactions:
You may 
click here to complete our revocation form online, call us at 1-888-294-4119, stop by your branch or print and mail the completed revocation form to 

Deposit Operations
PO Box 460
Ithaca, NY 14851
 

Once we receive your revocation, we will remove your Opt-In from our file, which means we will no longer be able to extend Overdraft Privilege to approve an everyday debit card or ATM transaction if you don’t have sufficient available funds and your transaction will be declined.

Thank you for choosing Tompkins Trust Company
 

IMPORTANT TERMS AND CONDITIONS FOR OVERDRAFT COURTESY

An overdraft fee of $38 is charged each time we cover an overdraft that results in a negative end-of-day available balance. Overdrafts may be created by checks, in-person withdrawals, ATM withdrawals or by other electronic means.

Once an overdraft has occurred, you must bring your account to a positive balance within thirty (30) days for a minimum of 24 hours.

Whether your overdraft will be paid is at Tompkins Trust Company's discretion, and we reserve the right not to pay.  For example, we typically do not pay overdrafts if:

  • You do not bring your account to a positive balance within every thirty (30) day period for a minimum of 24 hours
  • You are in default on any loan or other obligation to Tompkins Trust Company
  • You are subject to any legal or administrative order or levy
  • Your use of the Overdraft Courtesy has been excessive or abusive