Small Business Overdraft Services

What you need to know about our small business overdraft services

Running a business can be hectic, which means sometimes you can lose sight of how much money is in your checking account. If your balance drops below zero while taking care of business necessities, you may experience overdraft. We offer options to better protect your finances and give you peace of mind.

Overdraft Protection Plans

Business Line of Credit

How It Works: The Business Line of Credit can be linked to a small business checking account to provide overdraft protection.

  • Transfer Amounts: Exact amount of overdraft up to the available line of credit.
  • Transfer Fees: None
  • Eligibility to Open Account: Normal credit criteria

Deposit Account Coverage

How It Works: If you have either a small business savings or another small business checking account with us, you can link either one to your small business checking account as overdraft protection.

  • Transfer Amounts: Exact amount of overdraft up to the available balance.
  • Transfer Fees: $10 per transfer; waived if you proactively make the transfer to cover a potential overdraft
  • Eligibility to Open Account: Minimum opening deposit may be required; other criteria may apply.

Standard Overdraft Services

 

All Transaction Types (Checks, ACH, Bill Payments, ATM and Debit Card)

How It Works: We may, at our discretion, pay these items into overdraft and assess an overdraft fee on each overdraft item.

If we decide not to pay your check, ACH or Bill Payment item into overdraft, it will be returned for non-sufficient funds and may incur an NSF Fee.

If we decide not to authorize and pay your ATM and Debit Card transaction into overdraft, it will be declined.

Overdraft/NSF Fee: $36 per item
Sustained Overdraft Fee1: $36

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. For example, we typically do not pay overdrafts if your account is not in good standing. 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 be declined and will not be paid into overdraft. If your account is overdrawn, you must immediately bring it to a postive balance to avoid additional fees.


Still have questions?

Read our frequently asked questions for more information on overdraft protection services.

Personal overdraft options are also available. Learn More or talk to a banker for more details

We're committed to partnering with you and we're here to talk you through your options.

 

Call us or visit with us today.

Find a financial center near you

Or call 1-800-448-8812

1 For each time that your account remains overdrawn for at least nine (9) consecutive calendar days, you agree to pay one Sustained Overdraft Fee of $36.00. Please note  that we count as the first of the nine consecutive calendar days, the day on which we post the items which create the overdraft in your account, regardless of whether we have provided you with notice of the overdraft(s). We will not charge this fee if you pay us the total amount of the overdrawn balance on the ninth (9th) calendar day or the next banking day, if the 9th calendar day falls on a weekend or federal holiday that is not a banking day. We will also not charge this fee if the amount overdrawn only includes bank fees and/or service charges.