Overdrafts can happen when you don't have the necessary Available Balance in your account to cover your ATM withdrawals, debit card purchases, checks, automated bill payments or other withdrawals.

You have choices on how you want your account to work in an overdraft situation. You can set up an Overdraft Plan to help prevent overdrafts and also select how you want ATM and debit card transactions that overdraw your account to be handled by our Debit Card Overdraft Coverage. Consider pairing these Overdraft Choices® with good account management practices to avoid overdrawing your account.

Make the choices that are right for you.

Choices

Overdraft Plans

Automatically transfer funds to your checking account
before it becomes overdrawn.

Overdraft Coverage

We may cover withdrawals that overdraw your account so your transactions can be completed even though your account doesn't have the necessary Available Balance.*

  • You must choose to enroll in Debit Card Overdraft Coverage if you want us to approve your ATM withdrawals and debit card purchases that overdraw your account.
  • Checks and Pre-authorized Payments Overdraft Coverage is automatically applied for your checks and pre-authorized payments that overdraw your account.

How it works

Savings Overdraft
Transfer

Automatically transfers available funds from your linked savings account to your checking account.

Overdraft
Line of Credit**

Automatically transfers available funds from your overdraft line of credit to your checking account.

Debit Card
Overdraft Coverage

We may approve ATM and debit card transactions that will overdraw your account and charge you an Overdraft Fee.*

Choose to enroll if you want to get cash or make a purchase even when it will overdraw your account.

Do not enroll if you do not want to allow your account to be overdrawn by your ATM withdrawals or debit card purchases.

Checks and Pre-authorized
Payments Overdraft Coverage

We may approve and pay checks and pre-authorized payment transactions that will overdraw your account and charge you an Overdraft Fee.*

Automatically applied.

Fees

If you enroll and overdraw your account
If you overdraw your account
$30 Annual Fee
No Transfer Fee
$30 Annual Fee
$35 Overdraft FeePer Item Paid***
$35 Overdraft FeePer Item Paid***
$10 Transfer Fee each day a
transfer occurs
$0 On any overdraft item $5 or less – $5 Overdraft Pass®
$0 On any overdraft item $5 or less – $5 Overdraft Pass®
Interest on Outstanding Balances
$699 Per Day
Sustained Overdraft Fee§
$35 Returned Item Fee Per
Item Returned
If you do not enroll

Overdraft Transaction Declined
No Fee
$699 Per Day
Sustained Overdraft Fee§

How to add

By Phone: 1-877-242-7837
In Person: Find a Branch
By Phone: 1-877-242-7837
In Person: Find a Branch
In Online Banking: Login
By Phone: 1-877-242-7837
In Person: Find a Branch
Automatically applied

*Whether your overdrafts will be paid is discretionary and we reserve the right not to pay.  For example, we typically do not pay overdrafts if your account is not in good standing or if the overdraft amount is excessive.   

**Subject to credit approval.

The $30 annual fee is waived for Circle Gold Checking with Interest, Premier Checking with Interest and Private Checking with Interest accounts.

We will limit to 7 the combined number of these Overdraft Fees and/or Returned Item Fees charged on any one business day, up to a total of $245.

***Circle Gold Checking with Interest, Circle Gold Money Market, Premier Checking with Interest, Premier Money Market, Private Checking with Interest and Private Money Market accounts will not be charged an Overdraft Fee when the account is overdrawn and the total overdrawn amount at the end of that same business day is $5 or less.

§ Once you have overdrawn your account you must bring it to a positive balance as soon as possible to avoid additional fees. If your account remains overdrawn for 3 or more consecutive business days, on day 4 we will start to charge a Sustained Overdraft Fee of $6.99 per day for each day it remains overdrawn up to a total of $69.90. Fee is waived for Circle Gold Checking with Interest, Circle Gold Money Market, Premier Checking with Interest, Premier Money Market, Private Checking with Interest and Private Money Market accounts.

© Copyright 2014 Citizens Financial Group, Inc. All rights reserved.

Charter One is a brand name of Citizens Bank, N.A. (NMLS ID# 433960).

Charter One is a brand name of Citizens Bank, N.A. (NMLS ID# 433960).