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WWW.unionbanknc.combat 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
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We also offer overdraft when customers exceed their account balance and need temporary access to additional funds.
Financial institutions are required to offer overdraft services to their customers.
To fill out overdraft forms, customers typically need to provide personal information and agree to the terms and conditions set by the financial institution.
The purpose of offering overdraft is to provide customers with a safety net in case they accidentally overdraw their account.
Information such as the customer's name, account number, overdraft limit, and fees charged must be reported on overdraft forms.
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