KNOWLEDGE BASE

What is overdraft coverage?

Standard Overdraft Coverage*
Most consumer checking and money market accounts automatically come with standard overdraft coverage. The exception is Safe Debit accounts, which aren’t eligible for overdraft coverage. With overdraft coverage, we may cover the following transactions for a fee. **

  • Checks
  • Automatic electronic funds transfers (e.g., automatic bill pay)
  • Recurring debit card transactions (e.g., monthly phone bill or membership fees)

ATM & Debit Card Overdraft Coverage*
In addition to standard overdraft coverage, you can choose to cover your ATM/debit card transactions. If you opt in, the following transactions may be paid for a fee. **

  • ATM withdrawals
  • Everyday debit card transactions

Credit products used for overdraft protection may be subject to additional charges such as annual fees and interest charges that will accrue on the amounts advanced.

*With overdraft coverage, we’ll authorize and pay overdrafts for the transactions listed above, at our discretion. This may mean your transaction won’t be paid.
**A fee of up to $36 for each overdraft item is charged when a transaction is paid or returned.

  • We’ll limit the number of charges to a daily maximum of four (4) overdraft fees, no matter how many items we pay or return on your behalf. 
  • The overdraft fees assessed can be overdraft paid fees, overdraft return fees, or a combination of both. 
  • The cost is based on the following.
    • Transaction greater than $5: Fee is $36 for each item.
    • Transaction less than or equal to $5: No fee.
    • Available balance at the end of the business day is overdrawn by $5 or less: No fee.