Overdraft Protection is an easy and convenient way to cover inadvertent overdrafts on a checking account by transferring money from a savings account.
When you use our Automatic Transfer Service, money is transferred from your business statement savings to your business checking account, saving you the expense and hassle of overdraft fees.
Overdraft Protection Features:
-
Funds are transferred when there is not enough money in your checking account to cover a written check
-
A one-time transfer fee of only $10 is charged (each time a funds transfer is needed), regardless of the number of checks being covered
- Loan overdraft options are also available, utilizing a line of credit to be accessed in the event of an overdraft (visit our business loan section for contact information for this option)
Let our Business Services Department, or Cash Management Officers work with you to determine what time-saving or money-saving services are right for you.