Your checking account may be linked to a HandyLine, an unsecured revolving line of credit, which can protect you from overdrafts.
During nightly batch processing, after all transactions have posted to your checking account, if the available balance in the account isn’t sufficient to cover all of the transactions presented for payment, a transfer is automatically made from the HandyLine to your checking account to cover the NSF items.
Transfers are in $100 increments when made systematically to cover NSF items, and we will attempt to transfer the amount needed to fully cover your NSF items up to the available balance in the HandyLine. You can also proactively transfer funds from the HandyLine to your checking account online, at a financial center, or by phone for any amount up to the available limit of the HandyLine.
If the HandyLine does not have sufficient funds to cover all of the NSF items, we will transfer the amount needed in $100 increments to fully cover as many of the items possible based on the posting order of each item. Any NSF item(s) in your checking account that cannot be fully covered under this Overdraft Protection Plan will result in an overdraft, if paid, and may be assessed overdraft fees. If the NSF items are not paid into overdraft they may be returned for Non-Sufficient Funds. Personal accounts will not be assessed NSF fees. We do assess NSF fees on business accounts.
We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. Even if we pay your account into overdraft, we maintain the right not to do so at any other time. If we do not authorize your transaction, it will generally be declined and will not be paid into overdraft. Once you have overdrawn your account, you must bring it to a positive balance.
Normal credit criteria apply. Call or visit your local financial center for details.
1 For personal accounts, under our Standard Overdraft Services:
We may charge you a fee of $36.00 each time we pay an item into overdraft.
We will assess no more than 5 overdraft fees per account per day (Daily Limit).
No overdraft fee will be imposed if, after the end of nightly batch processing, your available balance is overdrawn $10.00 or less. However, if after nightly batch processing, your available balance is overdrawn by more than $10.00, you may be charged an overdraft fee for each overdraft for that day subject to the Daily Limit.
No overdraft fee will be imposed on any overdraft item of $5.00 or less.