Overdraft Protection — Old National Bank

Overdraft Protection from Old National Bank is a flexible safety net designed to help you avoid returned items, unexpected declines, and the inconvenience of disrupted payments when your checking account balance falls short. Built for everyday consumers and small-business clients alike, our overdraft solutions combine convenience, control, and predictable options so you can manage short-term shortfalls with confidence.

Why Overdraft Protection Matters

Even with careful budgeting, temporary mismatches between incoming funds and outgoing payments happen. Overdraft Protection helps you:

• Keep automatic payments and checks from being returned
• Prevent merchant declines at the point-of-sale
• Maintain your credit and reputation with payees
• Avoid the administrative stress of tracking multiple returned items

Flexible Options to Fit Your Needs

Old National Bank offers several approaches to overdraft protection so you can choose the solution that fits your account behavior and financial preferences:

• Linked Transfer from a Savings or Secondary Account: Automatically transfer available funds from a linked savings or secondary checking account to cover shortfalls. Transfers occur in real time or in the next processing cycle depending on the transaction type.
• Overdraft Line of Credit: A revolving credit solution that covers overdrafts up to your approved limit. Interest and any applicable fees are disclosed up front, and balances can be paid down on your timetable.
• Standard Courtesy Coverage: For eligible checking accounts, discretionary coverage may be provided for certain debit card, ATM, and check transactions. Terms and eligibility vary by account.

How It Works — Simple and Transparent

The process is straightforward:

1. You choose and enroll in one or more overdraft protection options.
2. If you attempt a transaction that exceeds your available balance, the bank follows your selected protection hierarchy (for example, linked account transfers first, then overdraft line of credit).
3. Funds are moved or credit is extended to cover the transaction so payment is completed.
4. You receive clear notifications, and any applicable interest or fees are explained and posted according to account disclosures.

Control and Customization

Overdraft solutions are designed to be adjustable so you remain in control of your finances:

• Customize which accounts are linked for automatic transfers.
• Set balance thresholds or opt-out if you prefer not to participate in overdraft coverage for certain transaction types.
• Monitor activity through online banking and mobile alerts so you always know when a transfer or advance occurs.
• Access account statements and transaction histories that clearly show overdraft coverage use and any associated charges.

Who Is Eligible

Eligibility depends on the type of overdraft option you select:

• Linked transfers generally require a qualifying deposit account in good standing.
• Lines of credit require credit approval and may involve a separate application.
• Courtesy or discretionary coverage is available to customers meeting account activity and account history criteria.

Detailed eligibility requirements and enrollment instructions are provided in account disclosures — you can review them or speak with a representative for personalized guidance.

Common Use Scenarios

Overdraft Protection is useful in many everyday situations:

• Automatic bill payments that post before payroll arrives.
• Unexpected expenses such as essential car or medical repairs.
• Timing gaps between transfers from external accounts.
• Safeguarding recurring payments like utilities or subscription services to prevent interruption.

Costs, Transparency, and Responsible Use

Old National Bank emphasizes clear disclosure of any fees or interest associated with overdraft solutions. Costs may vary by product — for example, a line of credit involves interest charges while transfers from a linked deposit account may involve lower or no fees. All terms are disclosed when you enroll so there are no surprises.

We encourage responsible use: treat overdraft protection as a short-term liquidity tool rather than a substitute for regular account funding. Regular monitoring, alerts, and budgeting tools available through our digital channels help you minimize reliance on overdraft services.

Security and Privacy

Your account safety is a priority. Overdraft transactions are processed using the same secure systems that protect all Old National Bank account activity. Privacy policies govern how your information is used in accordance with applicable laws and bank practices.

How to Enroll

Enrolling is simple and flexible. You can select protection options through the banking channels you use most:

• Online banking and mobile app enrollment screens
• Visiting a local branch and speaking with a banker
• Calling customer service to discuss available choices and to complete enrollment

When enrolling, be sure to review the product disclosures, compare the options, and select the combination that supports your cash flow and budgeting strategy.

Questions Customers Ask

• Will overdraft protection cover every transaction? Coverage depends on the protection option you choose and any program limitations; some discretionary coverage may exclude certain transactions.
• How will I know when protection is used? You receive transaction alerts and account statements that detail transfers, advances, and associated charges.
• Can I opt out? Yes. You control participation and selection of overdraft services and can opt out of specific protections at any time.

Final Thoughts

Overdraft Protection from Old National Bank offers peace of mind and practical solutions to help keep your payments on track. With multiple methods to cover shortfalls, customizable settings, and transparent terms, it’s a versatile tool for everyday account management. Review your options, evaluate the disclosures, and choose the arrangement that supports your financial priorities and lifestyle.

Terms, conditions, eligibility requirements, and fees apply. Please review account disclosures or consult with a bank representative for complete details specific to your situation.