Overdraft protection moves money to a personal deposit account when its available balance becomes negative. Funds come from a linked eligible¹ account, which may help avoid potential fees. The owners need to be the same on both the deposit account and the account(s) acting as overdraft protection.

When overdraft protection occurs, $5 is transferred if the negative balance available is $5 or less. If the overdraft is $5.01 or more, the amount moved is in multiples of $50.

If the overdraft is more than $5, an Overdraft protection transfer fee of $12.50 may be charged. The fee is waived if one of the following circumstances apply:

• The available balance is negative by $50 or less.
• The transfer comes from a linked and eligible deposit² account.

Below are examples where overdraft protection occurred and funds were transferred, potentially causing a fee.

More information

• You can have overdraft protection and overdraft coverage on the same account. If you do, please note we’ll use overdraft protection first. If there’s not enough funds available in the overdraft protection account, then standard overdraft coverage applies. See also: How does overdraft coverage work?
• Overdraft protection funds are moved before the account is reviewed for Overdraft fee forgiven. See also: What is Overdraft fee forgiven?
• When personal credit cards, reserve lines, personal lines, or home equity lines of credit are linked as overdraft protection:
  • Other charges may apply, such as annual fees, cash advance fees, and interest charges.
  • The Overdraft protection transfer fee may not be refunded since these aren’t deposit accounts.

Refer to Your Deposit Account Agreement, section titled “Overdraft Protection Plans,” for more information.

¹All eligible accounts include:

• Savings, money market, and other personal checking accounts.
• Personal credit cards, reserve lines, personal lines, or home equity lines of credit.

²Eligible deposit accounts include: savings, money market, and additional personal checking accounts.