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.








Ready if you need it, less expensive if you overdraw your account.
And, with Savings Overdraft Transfer, fees only apply when you use it.

Overdraft Coverage1

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.

Fees only apply when you use it.


How it works

Savings Overdraft
Transfer2

Automatic transfers from available funds in your savings account to your checking account to cover each overdraft item.

Savings accounts have withdrawal limitations and these transfers are included in those limits.

Overdraft
Line of Credit3

Automatic transfers from available funds in your Overdraft Line of Credit to your checking account to cover each overdraft item.

Debit Card
Overdraft Coverage1

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


Excludes recurring debit card transactions.

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 Coverage1

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

Includes recurring debit card transactions.

Automatically applied.

Fees

If you enroll and overdraw your account
If you overdraw your account
$6Transfer Fee per Item Covered2
$6Transfer Fee per Item Covered3
$35 Overdraft FeePer Item Paid1
$35 Overdraft FeePer Item Paid1
$0On any overdraft item $5 or less – $5 Overdraft Pass®
$0On any overdraft item $5 or less – $5 Overdraft Pass®
$0On any overdraft item $5 or less – $5 Overdraft Pass®
$0 On any overdraft item $5 or less – $5 Overdraft Pass®
$30Annual Fee
$699 Per Day
Sustained Overdraft Fee1
$35 Returned Item Fee Per
Item Returned1
Interest on Outstanding Balances
If you do not enroll

Overdraft Transaction Declined
No Fee
$699 Per Day
Sustained Overdraft Fee1

How to add

By Phone: 1-800-922-9999
In Person: Find a Branch
By Phone: 1-800-922-9999
In Person: Find a Branch
In Online Banking: Login
By Phone: 1-888-400-5663
In Person: Find a Branch
Automatically applied

1. 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. 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. 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.

2. No Transfer Fee will be charged for Partial Transfers that will not fully cover an overdraft. We will limit to 7 the number of Overdraft Plan Transfer Fees charged per plan on any one business day. Savings Overdraft Transfers are included in the 6 transfers and pre-authorized debits allowed from savings accounts per calendar month. Please refer to your Deposit Account Agreement for more details on Withdrawal Limitations.

3. Credit approval required. No Transfer Fee will be charged for Partial Transfers that will not fully cover an overdraft. We will limit to 7 the number of Overdraft Plan Transfer Fees charged per plan on any one business day.

© Copyright 2015 Citizens Financial Group, Inc. All rights reserved.

Citizens Bank is a brand name of Citizens Bank, N.A. (NMLS ID# 433960) and Citizens Bank of Pennsylvania (NMLS ID# 522615).

Citizens Bank is a brand name of Citizens Bank, N.A. (NMLS ID# 433960) and Citizens Bank of Pennsylvania (NMLS ID# 522615). Citizens Bank, N.A. and Citizens Bank of Pennsylvania are affiliates. Deposit accounts held at Citizens Bank, N.A. and Citizens Bank of Pennsylvania are separately insured.