We offer several options that can help when balances get low.

It is best to avoid transactions that will overdraw the available funds in your account. However, we realize that it may happen from time to time. We offer overdraft services and privileges that may help you avoid declined transactions or returned items.1

Overdraft Transfer from Savings Account

We can set up an Overdraft Transfer from your Savings account, and funds will be transferred from your linked Savings account to cover the transaction that would cause a negative Available Balance in your Checking account.2 There is a fee for each Overdraft Transfer under this service. Please note that the Overdraft Transfer from you Savings account service is not automatic, and you must opt-in to receive this service.

Overdraft Transfer from Line of Credit

You can use available funds from your previously approved AllSouth Line of Credit to cover your Checking account when a transaction overdrafts the Available Balance in your account.This is referred to as the Overdraft Transfer from Line of Credit service. If you choose this option, funds will be transferred (if available) from a linked Line of Credit you hold with AllSouth. Please note that the Overdraft Transfer from Line of Credit service is not automatic, and you must opt-in to receive this service.

Overdraft Privilege

We also have our Overdraft Privilege4 service in which we will strive to pay checks, ACH transactions, recurring debit card transactions, and other transfers (excluding ATM and everyday onetime debit card transactions) for you when you withdraw more money than is shown in your Available Balance.

Please remember that the amount available for Overdraft Privilege varies and each transaction is approved at AllSouth’s discretion. You should not count on Overdraft Privilege being available and you should only make debit transactions when you have funds available in your account.

Overdraft for ATM and Everyday Debit Card Transactions

If you would like to have your ATM and everyday debit card transactions protected with overdraft services, just let us know by choosing to opt-in. If you choose to opt-in, your account will be charged a fee per overdraft if you do not have available funds in your account.5 Please contact us to opt-in.

You can choose to opt out of Overdraft Privilege or overdraft services for ATM and Everyday Debit Card Transactions at any time by contacting us.

 

For more information, including terms and conditions, on Overdraft Services please speak with a Member Service Representative.