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What You Need to Know About Overdrafts and Overdraft Fees An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts
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We also offer overdraft is a service where a bank allows an account holder to withdraw more money than is currently available in their account, up to a certain limit.
Account holders who wish to utilize the overdraft service are typically required to file for it.
To fill out a request for an overdraft, account holders can usually do so online, through mobile banking, or by visiting a branch.
The purpose of offering overdraft is to provide account holders with a financial cushion in case of emergencies or unexpected expenses.
Account holders may need to report their income, employment status, and any existing debts or loan obligations.
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