How does Safety Net work?
As long as you maintain your personal checking account in good standing (defined as making regular deposits and bringing your account into a positive balance at least once every 30 days) Republic Bank generally will honor overdrafts up to the Safety Net overdraft limit on your account. If you use Safety Net you should remember the banks normal non-sufficient funds fee (NSF fee) for each transaction will be deducted from your limit. The NSF fee (currently $32) is deducted from your account each time an NSF check or debit item is presented for payment from your account. The bank will notify you by mail when an overdraft occurs. No interest will be charged on the overdraft balance.
As long as you maintain your personal checking account in good standing (defined as making regular deposits and bringing your account into a positive balance at least once every 30 days) Republic Bank generally will honor overdrafts up to the Safety Net overdraft limit on your account. If you use Safety Net you should remember the banks normal overdraft fee for each transaction will be deducted from your limit. The overdraft fee (currently $32) is deducted from your account each time an overdraft check or debit item is presented for payment from your account. The bank will notify you by mail when an overdraft occurs. No interest will be charged on the overdraft balance.
