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Insufficient Funds and Overdraft Protection

Insufficient Funds Fees

Fee Type
Description
Fee
Fee TypeInsufficient Funds
DescriptionThere is not enough money in the account for the amount of the transaction (checks, automatic withdrawals via ACH, and ESL Bill Pay), and you are charged a fee. The item may be paid, or if not paid it is returned to the Payee.
- Monitor account activity with ESL business online banking.
- Set up email alerts to let you know when your balance falls below a certain amount.
- Transfer funds from another ESL account via an ESL ATM, business online banking, TEL-E$L, chat or telephone banking , or at an ESL Branch.
- Ask about overdraft options, such as Business Overdraft Line of Credit, CheckOK and Courtesy Pay.
Fee$37.00
The Payee may also charge you a fee
Fee TypeUncollected Fees
DescriptionYou have deposited funds, but they are not available in your account for withdrawal. Therefore, you do not have enough money for the amount of the transaction (checks, automatic withdrawals via ACH, and ESL Bill Pay). The item is not paid and returned to the Payee and you are charged a fee.
Ways to avoid fees- Monitor account activity with ESL business online banking.
- Set up email alerts to let you know when your balance falls below a certain amount.
- Transfer funds from another ESL account via an ESL ATM, business online banking, TEL-E$L, chat or telephone banking , or at an ESL Branch.
- Ask about overdraft options, such as Business Overdraft Line of Credit, CheckOK and Courtesy Pay.
Fee$37.00
The Payee may also charge you a fee
Fee TypeDeposited Items Returned
DescriptionFor each item you deposit or cash that is returned unpaid. This usually occurs because the person who wrote the check doesn’t have enough funds in their account to cover the amount or because a stop payment was placed.
Fee$10.00
Fee TypeACH Deposit Item Returned
DescriptionFor each ACH deposit item returned unpaid.
Fee$6.00

Fees may change. 

 

Overdraft Protection Fees

Fee Type
Description
Fee
Fee TypeCheckOK Fees
DescriptionOverdraft protection paid from a linked account — Coverage of insufficient or uncollectable funds (from your checks, automatic withdrawals via ACH, and ESL Bill Pay transactions) are paid by a linked account (e.g., business savings account). The maximum overdraft is based on the amount available in the linked account.

- Monitor account activity with ESL Business Online Banking.
- Set up email alerts to let you know when your balance falls below a certain amount.
- Transfer funds from another ESL account via an ESL ATM, online or mobile banking, TEL-E$L, chat or telephone banking, or at an ESL branch.

View Business Online Banking
Fee$5.00 each day an overdraft occurs. No fee when not used.
Fee TypeCourtesy Pay Overdraft Fees
DescriptionOverdraft Protection for checks, Bill Pay, and automatic ACH payments — Coverage of insufficient or uncollectable funds (from your checks, automatic withdrawals via ACH, and ESL Bill Pay transactions) are paid by ESL up to the maximum overdraft. Each overdraft is charged a fee based on the value of the item. The monthly maximum overdraft is $500 for Business Classic Checking and $1,000 for Business Premier or Business Analyzed Checking.
Ways to avoid fees

- Monitor account activity with ESL Business Online Banking.
- Set up email alerts to let you know when your balance falls below a certain amount.
- Transfer funds from another ESL account via an ESL ATM, online or mobile banking, TEL-E$L, chat or telephone banking, or at an ESL branch.

View Business Online Banking
Fee$37.00
Fee TypeCourtesy Pay POS Overdraft Fee
DescriptionOverdraft Protection for Point of Sale Transactions — Coverage of insufficient or uncollectable funds (from your debit card purchases) are paid by ESL up to the maximum overdraft. Each overdraft is charged a fee based on the value of the item. The monthly maximum overdraft is $500 for Business Classic Checking and $1,000 for Business Premier or Business Analyzed Checking.
Ways to avoid fees

- Monitor account activity with ESL Business Online Banking.
- Set up email alerts to let you know when your balance falls below a certain amount.
- Transfer funds from another ESL account via an ESL ATM, online or mobile banking, TEL-E$L, chat or telephone banking, or at an ESL branch.

View Business Online Banking
Fee$0.01-$5.00: Free

Greater than $5.00: $37.00 Fee

Fees may change.