Overdraft Protection

An overdraft occurs when money is withdrawn from a bank account that doesn't have enough in its available balance to cover the transaction. If you have premium overdraft protection set up on your checking account, such as linking it to savings or Checkline Reserve, funds from these services may be used to cover an overdraft. Additionally, overdrafts may be covered by our basic overdraft protection with ATM and debit card coverage.

Overdraft protection is an account management tool designed to help you cover a transaction when you don't have sufficient funds in your checking account. Eligible transactions may include checks, ATM withdrawals, debit card purchases, wires and electronic transfers. With overdraft protection, we'll cover a shortfall at our discretion so the transaction goes through successfully.

When we say basic overdraft coverage, we're referring to the default overdraft preferences set up when you opened your checking account. This excludes any added overdraft protection services such as savings or Checkline Reserve.

When you open a checking account, you're automatically opted in for checks, other transactions made using your checking account number and automatic bill payments. This means that we may, at our discretion, authorize and pay overdrafts on these types of transactions. You can change your overdraft preferences for these types of transactions at any time.

When you open a checking account, you're also required to opt in or out of basic overdraft service with ATM and debit card coverage. This enhanced service adds coverage for ATM cash withdrawals and one-time debit card transactions. We don't authorize or pay overdrafts for these types of transactions unless you opt in to this service. If we don't authorize or pay an overdraft, your transaction will be declined. You can change your overdraft preferences for these types of transactions at any time.

If you don't enroll in any overdraft protection services, we won't be able to authorize one-time debit card transactions or ATM cash withdrawals unless your account has sufficient funds to cover the amount. If your account doesn't have sufficient funds, these transactions will be declined at the point of purchase.

Yes. Your decision to enroll in basic overdraft service with ATM and debit card coverage can be changed at any time. Keep in mind that any previous overdraft fees you've incurred will not be waived or reimbursed.

Yes. You can opt in to basic overdraft protection and add premium overdraft services like savings and Checkline Reserve. In fact, layering your overdraft protection has a number of benefits. Not only are you more protected against balance instability and the surprise of declined transactions, but you also set the order of priority for how your overdrafts are covered. For example, you can prioritize your overdraft coverage to draw from savings first, then Checkline Reserve. Regardless of how you prioritize your protection, your basic overdraft service with ATM and debit card coverage will always be last.

Overdraft protection, including basic overdraft service with ATM and debit card coverage, is set on an account-by-account basis. This means you decide how you'd like overdrafts to be handled for each account you have. If you want overdraft protection on more than one bank account, then you must enroll each one.