It is the policy of Somerset Trust Company (“the Bank, we, us, or our”) to comply with applicable laws and regulations, and to conduct business in accordance with applicable safety and soundness standards.


A non-sufficient funds (negative) balance may result from:   A) The payment of checks, electronic funds transfer, or other withdrawal requests;   B) Payments authorized by you;   C) The return, unpaid, of items deposited by you;   D) The imposition of applicable services charges;   or E) The deposit of items which according to the Bank’s Funds Availability Policy, are treated as not yet “available” or finally paid.


We are not obligated to pay any item presented for payment if your account does not contain sufficient collected funds. Rather than automatically returning, unpaid, any insufficient fund items that you may have, if your eligible account (primarily used for personal and household purposes) has been open for at least thirty (30) days and thereafter you maintain your account in good standing, which includes at least:  (A) Continuing to make deposits consistent with your past practices, and depositing at least $700 or $1000 (depending on account type) or more in your account within the first thirty (30) day period,  (B) You are not in default on any loan obligation to the Bank,  (C) You bring your account to a positive balance (not overdrawn) at least once every thirty (30) days, and (D) Your account is not the subject of any legal or administrative order or levy, we will consider, without obligation on our part, approving your reasonable overdrafts. This discretionary *service will generally be limited to $700 overdraft (negative) balance for eligible Convenient Checking accounts, personal Regular Checking accounts, Student Advantage Checking accounts, or a $1,000 overdraft (negative) balance for eligible Personal Interest Checking accounts, Personal Plus Interest Checking accounts or Horizon 50 accounts. Of course, any and all fees and charges, including without limitation our unavailable funds fee of $35 per item ($210 daily limit) or our insufficient funds (overdraft) fees of $35 per item ($210 daily limit) will be included in this limit and will apply to any transaction that overdraws your account including, but not limited to, payments authorized by Checks, ACH (Electronic Items) or other electronic funds transfers and other withdrawal requests. (You could have multiple fees in one day if you have more than one item or transfer that overdraws your account).


How We Post Items To Your Account: We post electronic cash items, electronic transfer or bill payment items, or recurring auto debits to your account to make loan or other payments you have initiated in the order in which they occur. Generally, we will post your inclearing or memo check transactions in the order of your lowest numbered check to your highest numbered check (commonly referred to as “Ascending Check Number Order” or “Sequential Order'). Over the Counter checks are posted in the order in which they are received.


“ALTERNATIVE/OPTIONAL OVERDRAFT PROTECTION SERVICES-HOW WE WILL PROCESS INSUFFICIENT FUNDS (“NSF”):” We offer additional overdraft protection services that you may apply for. The services include Easy Access Accounts and Overdraft Protection Savings Accounts. If you apply and are qualified for the optional services, you may save money on the total fees you pay for Overdraft Protection Services. If you have an established overdraft protection Easy Access Account or Overdraft Protection Savings Account, and you have available funds in your Easy Access Account or Overdraft Protection Savings Account, we will authorize/pay your NSF items first against your available overdraft protection Easy Access Account or Overdraft Protection Savings Account. The terms and conditions, and fees you will pay, for using your overdraft protection Easy Access Account or Overdraft Protection Savings Account are described in your overdraft protection Easy Access Account and Overdraft Protection Savings Account Agreement.


Therefore the general order, or sequence, of our OVERDRAFT PROTECTION SERVICES is to authorize/pay any NSF items you may have first against your Easy Access Account or Overdraft Protection Savings Account and second to consider payment of these items as a purely discretionary “courtesy” or “privilege”. Generally, if you have an established and available Easy Access Account or Overdraft Protection Savings Account arrangement with us, these optional overdraft protection services may save you money in the total fees you pay us for overdraft protection services.


We may refuse to pay an overdraft for you at any time, even though your account is in good standing and even though we may have previously paid overdrafts for you. You will be notified by mail of any insufficient funds items paid or returned that you may have; however, we have no obligation to notify you before we pay or return any items. The amount of any overdrafts plus our Unavailable Funds and/or Insufficient Funds (Overdraft) Fee(s) that you owe us shall be due and payable upon demand. If there is an overdraft paid by us on an account with more than one (1) owner on the signature card, each owner, and agent if applicable, drawing/presenting the item creating the overdraft, shall be jointly and severally liable for such overdraft plus our Unavailable Funds and/or Insufficient Funds (Overdraft) Fee(s).

  • Ineligible Accounts and Limitations. Available only for eligible checking/draft account that are maintained in good standing as defined above. Savings Type Accounts, Money Market Accounts, Public Fund/Charitable Organization Accounts, Certain Trust Accounts, Student Minor Accounts, and Other Minor Accounts (not of legal age) are not eligible for this service. We may, in our sole option and discretion, limit the number of your accounts eligible for the Overdraft Protection Service to one account per household and/or one account per taxpayer identification number.
  • Eligible Account Types: The account types that are eligible for the Overdraft Protection Service are: Personal/Regular Checking; Convenient Checking; Student Advantage Checking; Horizon 50; Personal Interest Checking; Personal Plus Interest Checking.
  • Eligible Transaction Types: Each NSF transaction initiated for payment against your checking account(s) may be approved/paid by us against and up to your assigned Overdraft Protection Service Limit, including our fees. The eligible transaction types will include, without limitation; Checks, ACH (Electronic Items) or other electronic funds transfers, and other withdrawal requests.   
  • You May Always Opt-Out: You may choose at any time to not participate in the Overdraft Protection Service by notifying one of our Customer Service Representatives who will explain what this (“Opt Out”) means, and the potential consequences, for you.
  • If You Need Help: Of course, overdrafts should not be used to pay ordinary or routine expenses and you should not rely on overdrafts as a means to cover these expenses. If at any time you feel you need help with your financial obligations please contact one of our Customer Service Representatives at (814) 443-9200 in Somerset, (814) 262-4800 in Johnstown or toll free 1-800-972-1651.
  • *Optional Overdraft Service does not constitute an actual or implied agreement between you and the Bank. Nor does it constitute an actual or implied obligation of or by the Bank. This service represents a purely discretionary courtesy or privilege that the Bank may provide to you from time to time and which may be withdrawn or withheld by us at any time without prior notice or reason or cause.