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Debit Card Overdraft Option What You Need to Know About Overdrafts & Overdraft Fees An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway.
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The debit card overdraft option allows account holders to overdraw their checking account using their debit card for a fee.
Account holders who wish to utilize the debit card overdraft option are required to file for it.
To fill out the debit card overdraft option, account holders can usually do so online through their banking institution's website or by visiting a branch in person.
The purpose of the debit card overdraft option is to provide a financial safety net for account holders in case they do not have enough funds in their checking account to cover a transaction.
Account holders must report their personal information, including their name, account number, and contact details, when applying for the debit card overdraft option.
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