BUSINESS OVERDRAFT PROTECTION

Overdraft protection for businesses

With Overdraft Protection, your business is covered in the event of unexpected expenses or cash flow shortages.

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The basics of Business Overdraft Protection

Business Overdraft Protection helps safeguard your business checking account by linking it to other accounts, such as savings, credit cards, money market accounts, secondary checking, or a line of credit.1 2

When your checking account balance is insufficient, funds are automatically transferred from the linked account to cover transactions, helping you avoid overdraft fees and maintain financial stability.

How Overdraft Protection benefits businesses

Seamless coverage for overdrafts

 

Automatically link your business checking account to another deposit account, credit card, or line of credit to cover shortfalls. This ensures transactions are authorized and paid, even when funds are low.

Avoid declined transactions

 

With Overdraft Protection, funds are transferred automatically to prevent declined payments for checks, ACH transactions and debit card purchases.

Minimize fees and maintain control

 

Automatic transfers help cover negative balances, ensuring transactions are processed without interruption. While a transfer fee applies, this feature helps businesses avoid more significant penalties or declined payments.


Overdraft Protection options for your business checking accounts

Here’s the accounts you can use for Overdraft Protection:

  • Business Reserve Line of Credit

    Get automatic overdraft protection up to $5,000 when you link this line to your U.S. Bank business checking account. If an advance is needed, we’ll make one transfer to cover the total amount, and a single $12.50 fee will be charged to your business checking account – if credit permits.

    Apply for a Business Reserve Line.

    Business Savings, Business Money Market 
and Business Checking Accounts

    • Overdraft Protection (ODP) advances transfer in $200 increments.
    • ODP transfers from another deposit account are not assessed as an Overdraft Protection Transfer Fee. 

  • Lines of credit

    • The Overdraft Protection Transfer Fee of $12.50 applies to the business checking account.
    • Transfers process in $100 increments from Cash Flow Manager. The line of credit must have available funds for the transfer to occur.

  • Business credit card

    • An Overdraft Protection Transfer Fee of $12.50 is applied to the business checking account.
    • Transfers process in $25 increments.

Frequently Asked Questions

Once you've decided the specific accounts from which you wish to initiate Overdraft Protection transfers, you can proceed by following one of the two options below.

If a Business Reserve Line of Credit is linked to an account, it will be the primary source of funding to cover a negative balance. Transfers process in $200 increments.

If there is no Business Reserve Line of Credit linked, but you have both a credit and a debit account linked as ODP, funds will pull from the debit account first.3 4

Transfers of funds facilitated via Overdraft Protection from a linked deposit account, such as a U.S. Bank Business savings account, money market, or a secondary checking account, will not be subject to Overdraft Protection Transfer Fees. 

 

If the transfers originate from a linked U.S. Bank business credit account (U.S. Bank Business Reserve Line of Credit, U.S. Bank Business credit card and other lines of credit) the fee is $12.50.

 

Here are some proactive steps you can take to avoid Overdraft Protection Transfer Fees:

  •  Set up account alerts and receive email or text messages when your balance is low or when payments are due. [Please be advised that the alerts may not be sent immediately.]

  • Monitor your account and transfer funds into your checking account on your own before an overdraft occurs.  

  • Explore the checking account options by calling 24-Hour Banking at 800-USBANKS  (872-2657) or by visiting your local U.S. Bank branch. We accept relay calls.

Overdraft Protection allows you to link your accounts so that funds can be transferred to your checking account in case a check, debit card, or ATM transaction exceeds the available balance in your account.;

At U.S. Bank, the term Standard Overdraft Coverage refers to how transactions will be handled if your available balance falls below zero. U.S. Bank may authorize and pay overdrafts for these types of transactions, but this service comes with a fee, as follows:

  • Checks and other transactions using your checking account number

  • Automatic bill payments

  • Recurring debit card transactions (such as automatic subscriptions)

Each overdraft item we pay on your behalf will be subject to "Overdraft Paid Fees." Please see your Business Pricing Information (PDF) and Business Essentials Pricing Information (PDF) disclosures for more information.

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Disclosures

  1. Personal accounts and business accounts cannot be linked together for Overdraft Protection. Only one deposit product and one credit product may link to a business checking account. When the checking account has a linked Business Reserve Line of Credit, the system will automatically draw from that account first, which may incur a fee. If the checking account does not have a linked Business Reserve Line of Credit and has both a credit product and a deposit product linked as Overdraft Protection, the system will draw from the deposit product first, which will not incur a fee. Funds only draw from the credit product (excluding Business Reserve Line of Credit) if the deposit product has insufficient available funds.

  2. To avoid overdraft paid fees and manage your Overdraft Protection, you can link another deposit account, credit product, or active U.S. Bank Business Credit Card account with the same account owner(s).

  3. Subject to credit approval. Other fees may apply. Please see a banker for details. Lines of credit, including business credit cards, are offered by U.S. Bank National Association.

  4. The interest rate applicable to the account shall be a fixed rate of 21.90%. A $12.50 transfer fee will be charged to the linked business checking account when funds are automatically transferred from the Business Reserve Line of Credit to the business checking account as Overdraft Protection. Additional fees may apply if your balance exceeds the approved credit limit.

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Deposit products are offered by U.S. Bank National Association. Member FDIC.