What Overdraft Settings are available for consumer accounts?
The Overdraft Setting for your checking account determines how the bank handles your transactions when you do not have enough money in your checking account or your linked Overdraft Protection account at the time of the transaction. We pay overdrafts at our discretion based on factors such as the purchase or withdrawal amount and your account history, which means we do not guarantee that we will always authorize and pay any type of transaction. The Overdraft Settings available beginning June 19, 2010, are: Standard Setting. The Standard Overdraft Setting is automatically applied to new consumer accounts opened on or after June 19, 2010. The Standard Setting will be automatically applied to accounts opened prior to June 19, 2010, in mid-August 2010, until that time your account continues to work as it does today.
