Overdraft protection is a safeguard designed to prevent your checking account from over drafting and incurring costly non-sufficient funds fees. An overdraft situation arises when a withdrawal exceeds the available balance in your account, causing it to dip below zero. In such instances, your account is deemed overdrawn.
With overdraft protection in place, any shortfall required to complete a transaction would be covered by funds from a designated secondary account. This ensures that your primary account remains shielded from overdrafts, providing you with peace of mind and financial security.
To activate overdraft protection, simply access the Overdraft Protection Form conveniently located within your online banking platform under the forms tab. Once submitted, you can expect to receive a prompt confirmation email verifying the completion of your request.