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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 allows customers to withdraw more money from their bank account than is available in the account.
Banks and financial institutions are required to offer overdraft services to eligible customers.
Customers can fill out a form or request overdraft services through their online banking portal.
The purpose of offering overdraft is to provide customers with a financial safety net in case they need to make a purchase when funds are low.
Information such as the overdraft limit, interest rate, and any associated fees must be reported on the overdraft agreement.
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