Prevent returned checks and declined card transactions.
We all lose sight of our account balance sometimes. Our Overdraft Services can help you avoid the inconvenience and embarrassment that come when you don't have the funds to cover your transactions.
We offer 3 options for overdraft coverage designed to cover accidental overdrafts when you write a check, make withdrawals at a branch or ATM or when you use your debit card.
- Overdraft Privilege
- Overdraft Transfer
- Overdraft Line of Credit
|
Overdraft Privilege |
Overdraft Transfer |
Overdraft Line of Credit |
| How does it work? |
At our discretion, we may authorize and pay overdraft transactions |
Funds are transferred out of your designated account to cover overdraft transactions |
Line of credit covers overdraft transactions |
| Associated fee |
$38* |
$12.50 |
$12.50 |
| Availability |
At our discretion, we may authorize and pay overdraft transactions not to exceed 6 per business day |
Transfer amount is limited by available balance in your account(s) |
Overdraft line of credit is determined by creditworthiness |
| Benefits |
- Reduces additional charges related to returned checks
|
- Automatically transfers overdrawn amounts to your checking account
- Lower cost than overdraft privilege
|
- Automatically transfers overdrawn amounts from your line of credit to your checking account
- Lower cost than overdraft privilege
- Fixed interest rate
|
| Repayment Terms |
The overdraft (negative) balance, including any and all fees and charges, are due and payable upon demand. |
None, as overdrafts are paid using money from your account(s). |
Pay off the entire amount or make minimum monthly payments. The monthly payment is 5% of the principal balance or a minimum of $20, whichever is greater. The Annual Percentage Rate is 18% in VA and MD and 16% in NC. |
Fees may be imposed for covering overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means such as a debit card. Atlantic Union Bank does not authorize and pay overdrafts for ATM and one-time debit card transactions unless we receive authorization from you to opt in to that service.
Three easy ways to opt in or out of Overdraft Services
- Log in to Online Banking, click on Service & Support, and select Overdraft Elections from the menu
- Call Customer Care at 800-990-4828
- Visit a nearby branch
Disclosure:
**Non-sufficient funds and/or overdraft fees are not charged for items $1.00 or less or for items that cause an account balance to be overdrawn by $1.00 or less.