Regulation CC Funds Availability Change, Effective 7/1/20 
Amounts made available for withdrawal on the 1st business day after checks deposited is increasing from $200 to $225 and $5,000 to $5,525 on large deposits.
For more information, please contact us.

All of our locations will be closed on Saturday, July 4, in celebration of Independence Day.

Click here for our latest COVID-19 updates.

Expect the Unexpected

Protect your business from returned checks.

Life happens! We at Charlotte State Bank & Trust understand that from time to time you may unexpectedly overdraft your account. Overdraft Coverage can help.

Consider these ways to cover overdrafts:

  • Establish Overdraft Protection. This is your least costly way to cover overdrafts. You simply link your business checking account to another deposit account you have with us. Overdrafts will be transferred in increments of $100. There is a $3 transfer fee to cover the overdraft. Call us at 941-624-5400, email us at, or come by a branch to sign up or apply for this service.
  • Utilize your Overdraft Privilege. This service lets you overdraft your account up to the disclosed limit for a $35 per overdraft fee in order to pay for the transaction. Even if you have Overdraft Protection, Overdraft Privilege is available as secondary coverage if the other protection is exhausted.

All eligible business accounts have "Extended" Overdraft Privilege Coverage, which covers all transaction types listed below:


Transactions Covered with Extended Overdraft Privilege
 Checks X
 ACH - Automatic Debits X
 Recurring Debit Card Payments X
 Online Bill Pay Items X
 Teller Window Transactions X
 ATM Transactions X*
 Everyday Debit Card Transactions X*

Business Overdraft Coverage: What Else You Should Know

  • A link to another account is the least expensive option to cover an overdraft and transfers will be made in increments of $100. There is a $3 transfer fee to cover the overdraft. (Transfers from Savings or Money Market Accounts are limited; see the Deposit Account Agreement and Disclosure for details.)
  • A single larger overdraft will result in just one fee, as opposed to multiple smaller overdrafts. Good account management is the best way to avoid overdrafts. Use our mobile banking, online banking, and telephone banking services to keep track of your balance. You can also avoid overdrafts by signing up for text or email alerts through Online Banking to notify you when your account is reaching a low balance. For additional financial education resources, please visit
  • Businesses are charged an OD Limit Fee of $35 each time an overdraft is paid on the account, this is the same fee that is charged for items returned to the payee due to insufficient funds. If multiple items overdraw your account on the same day, each item will be assessed an OD Limit Fee or Returned/Paid NSF fee of $35. Your account may become overdrawn in excess of the Overdraft Privilege Limit amount as a result of the assessment of a fee or fees.
  • We generally post items throughout the day. The following explains how items are posted:
    • Credits before debits
    • ATM, ACH and debit card transactions from lowest to highest by dollar amount
    • Checks in number order
However, because of the many ways we allow you to access your account, the posting order of individual items may differ from these general policies. Holds on funds (described herein) and the order in which transactions are posted may affect the total amount of OD Limit Fees or Returned/Paid NSF Fees assessed.

  • Charlotte State Bank & Trust will not authorize debit card or ATM transactions unless there are available funds (including Overdraft Coverage Options) to cover the transactions and any fee(s). The $35 OD Limit Fee is the same fee amount that is charged if a check is returned as unpaid. If multiple items overdraw your account on the same day, each item will be assessed an OD Limit or Returned/Paid NSF Fee of $35. Although under payment system rules, Charlotte State Bank & Trust may be obligated to pay some debit card transactions that did not follow normal authorization rules.
  • With Overdraft Privilege (Extended Coverage), we will pay everyday debit card and ATM overdrafts; however, this may result in you incurring OD Limit Fees for transactions that we would otherwise be required to pay without assessing an OD Limit Fee. However, Extended Coverage allows us to authorize transactions up to the amount of your Overdraft Privilege Limit and may help you avoid overdrafts in excess of your available balance that could result in suspension of your debit card. Extended Coverage will remain on your account until you otherwise withdraw it.
  • Charlotte State Bank & Trust authorizes and pays transactions using the available balance in your account. Charlotte State Bank & Trust may place a hold on deposited funds in accordance with our Deposit Account Agreement and Disclosure, which will reduce the amount in your available balance. The available balance for checks, ACH items, and recurring debit card transactions is comprised of the ledger balance, less any holds on deposited funds and any debit card holds, plus the amount of the Overdraft Privilege Limit and any available Overdraft Protection. For accounts with Extended Coverage, the Overdraft Privilege Limit is included in the available balance for authorizing ATM and everyday debit card transactions.
  • Please be aware that the Overdraft Privilege amount is not included in your available balance provided through online banking, mobile banking, telephone banking, or Charlotte State Bank & Trust ATMs.
  • Charlotte State Bank & Trust will place a hold on your account for any authorized debit card transaction until the transaction settles (usually within two business days) or as permitted by payment system rules. In some cases, the hold may exceed the amount of the transaction. When the hold ends, the funds will be added to the available balance in your account. If your account is overdrawn after the held funds are added to the available balance and the transaction is posted to the available balance, an OD Limit Fee may be assessed.
  • Except as described here, Charlotte State Bank & Trust will not pay items if your account does not contain available funds (including the Overdraft Privilege Limit) to cover the item(s) and the amount of any fee(s).
  • Charlotte State Bank & Trust may suspend your debit card if you incur overdrafts in excess of the available funds in your account, including any Overdraft Privilege Limit (as described herein). Debit cards on your account will remain suspended until you make sufficient deposits so that your available balance, taking into account any Overdraft Privilege Limit, is positive and then you contact us.
  • Charlotte State Bank & Trust may also suspend your debit card if your account is overdrawn more than thirty-two (32) consecutive calendar days. Debit cards on your account will remain suspended until you make sufficient deposits so that your account balance is positive and then you contact us.
  • Charlotte State Bank & Trust may also suspend your debit card if we are unable to contact you due to an incorrect mailing address or phone number(s). You must contact us with your correct mailing address and/or phone number(s) to have your debit card reinstated.
  • If your debit card is suspended, you will be unable to use your debit card for purchases or to access your account at the ATM, and if you use your debit card for recurring payments, e.g., utilities, you are responsible to make other arrangements for your recurring debit payment(s).
  • An Overdraft Privilege Limit of $750 will be granted at account opening to eligible Business Checking accounts.
  • Overdraft Privilege is not a line of credit; it is a discretionary overdraft service that can be withdrawn at any time without prior notice.
  • Overdraft Privilege may be discontinued if you default on any loan or other obligation to us, your account becomes subject to any legal or administrative order or levy, or you fail to maintain your account in good standing by not bringing your account to a positive balance within thirty-two (32) consecutive calendar days for a minimum of one business day. You must bring your account balance positive for at least one business day to have Overdraft Privilege reinstated.
  • Depositor and each Authorized Signatory will continue to be liable, jointly and severally, for all overdraft and fee amounts, as described in the Deposit Account Agreement and Disclosure. The total negative balance, including all fees and charges, is due and payable upon demand.

If you have any questions about Business Overdraft Protection or Business Overdraft Privilege, please call us at 941-624-5400, email us at, or visit a branch.