Online Banking Services Agreement

Download the most current copy of our Online Banking Services Agreement or read it online.

Insufficient Funds and Overdraft Protection

The promotion of good account management is important to us but we also understand the unexpected can happen. For those times we offer several options to protect your account from overdrafts.

Overdraft Privilege

All personal checking accounts may qualify for Signature Bank’s Overdraft Privilege service.

If you have Overdraft Privilege we will pay overdraft items presented against your account up to the overdraft limit assigned. You will be charged the normal per item charge as set forth in our current fee schedule, currently $30.00 — whether the item overdraws the account or is returned. Depending on the number of items presented against your account, more than one overdraft fee may be charged against your account each day (maximum of 5). For example if you have 3 checks (or other debits) that are presented in one day and your Overdraft Privilege is used to pay two of them, the charge to you would be 2 items at $30.00 each for a total of $60.00. An insufficient funds item may be created by check, in-person withdrawal, ATM withdrawal or debit card transaction (if you chose to opt in to this service), or other electronic means. Any insufficient funds fees charged, as well as the amount of the overdraft item(s), will be subtracted from the Overdraft Privilege limit assigned to your account.

Overdrafts must be resolved as soon as possible. Whether your overdrafts will be paid is discretionary and we reserve the right not to pay an item if your account is not in good standing or you are not making regular deposits.

Free Checking Accounts will be eligible for overdraft protection after 60 days.

Overdraft Privilege is meant to cover an occasional overdraft and not to be used as an extension of credit. Please remember you may opt out of Overdraft Privilege at any time.

Account Link

You can link your checking account to another account with Signature Bank. Here’s what occurs: if the account linked for overdraft protection does not have enough funds to cover the overdraft, we will transfer the funds needed (provided they are available) from your linked “funding account.” This option is less expensive than other overdraft options we offer. There is no setup fee for the service and the cost is a minimal $7 per transfer.


Personal Line of Credit

A personal line of credit may be available for qualified borrowers. Fees will apply. Please ask to speak to a loan officer if you would like to complete a loan application.


Loans and Line of Credit

Subject to credit approval. Property and flood insurance is required. Loans and lines of credit may be variable, and if so, may be based upon Signature Bank Prime. Any home equity lines of credit that are variable will be based on WSJP.


Unlawful Internet Gambling Enforcement Act

Signature Bank of Arkansas complies with the Unlawful Internet Gambling Enforcement Act. This Act requires banks to prohibit commercial customers from receiving deposits from illegal online gambling sites.

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