Tip
Deposits to your account may not be immediately available for your use. Always make sure you have sufficient available funds in your account. Even if you just made a deposit, you may still overdraw your account.
You can overdraw your account through checks, ATM transactions, debit card purchases, automatic bill payments, and electronic or in-person withdrawals.
Many banks and credit unions offer overdraft protection programs in which the bank or credit union generally pays the transaction and charges you a fee (in addition to requiring repayment of the overdraft amount). Overdrafts can also be covered through a transfer of funds from a linked account, credit card, or line of credit.
Banks and credit unions have different fees associated with overdraft protection so, when shopping for a checking account, be sure to ask what the account terms are with respect to the cost of overdraft protection, a linked account or a line of credit.
Where this page came from
This page was imported from Consumer Financial Protection Bureau. Published by the Consumer Financial Protection Bureau and, as a work of the United States government, in the public domain.
Nobody has written it yet — it is the source material at a new address, which is why search engines are asked to skip it and why no one earns from it. It is up for grabs: take it on, and it is yours to rewrite and to earn from.
Licence: CC0 1.0 (public domain) · Adapted from www.consumerfinance.gov
1
0
0
0
Comments
