The overdraft setting for your checking account determines how we handle your transactions when you don't have enough money in your checking account or your linked Overdraft Protection account at the time of the transaction. The 2 available settings are:
Standard setting. This setting is automatically applied to new consumer accounts. ATM withdrawals and everyday, non-recurring debit card transactions (individual debit card purchases such as at the grocery store or a one-time online purchase), will only be authorized when we determine you have enough available funds in your account or in your linked Overdraft Protection account at the time of the transaction. Otherwise, we typically decline the transaction and you aren't charged an overdraft fee.
For other types of transactions like checks, Bill Pay and other electronic payments, as well as recurring debit card payments, we may pay transactions when you don't have enough available funds in your checking account or linked Overdraft Protection account at the time of the transaction.
If we pay a transaction that's larger than your available balance and it overdraws your account, this typically results in a charge for each overdraft item unless you deposit enough available funds that day to cover the overdraft. If we return the item unpaid, this typically results in a NSF: Returned Item fee.
Decline all setting. With this setting, we only authorize an everyday debit card purchase, ATM withdrawal, check, Bill Pay and other electronic payment when we determine there's enough money available in your account or in your linked Overdraft Protection account at the time of transaction.
When there aren't enough funds for ATM withdrawals and everyday debit card purchases, our standard practice is to decline the transaction and not charge a fee. When there aren't enough funds for checks, Bill Pay or other electronic payments, we may return the item and charge a NSF: Returned Item fee.
To change your account's overdraft setting, visit a financial center or call us at 800.432.1000 (Mon-Fri 7 a.m.-10 p.m. or Sat-Sun 8 a.m.-5 p.m., all times ET).