Overdraft Protection

Easy access to your money

Overdraft Protection

What is an Overdraft?

An overdraft occurs when you don’t have enough money in your account to cover a transaction, but we pay the transaction anyway. You can overdraw your account through checks, ATM transactions, debit card purchases, and automatic bill payments.

How to Avoid Overdrafts

1. Track your spending.

  • Online and Mobile Banking: Check your Available Balance before making a purchase. This is the amount of funds available for transactions (withdrawals, write checks, debit transactions, online banking or other authorized transactions).
  • Text or Email Alerts: Sign up for Low Balance Alerts so you know when you’re at risk of overdrawing your account.

2. Keep a buffer in your checking account to cover the unexpected.

3. Transfer to a credit card.

4. Transfer to a savings account.

5. Enroll in No Bounce Courtesy Pay.

Overdraft Protection Options

Family Trust offers an optional overdraft protection coverage called “No Bounce Courtesy Pay.” Overdrafts can also be covered through a transfer of funds from a linked savings account or credit card. Review all options before signing up for these optional services. Enroll by phone 803-367-4100 or at any local branch.

Overdraft Protection Disclosure

Overdraft Protection from Savings or Credit Card No Bounce Courtesy Pay
Overview Funds will automatically transfer from your savings or credit card to cover overdrafts when there isn’t enough in your checking. We will pay your overdraft(s) up to $600 when there isn’t enough in your checking.
Types of overdrafts covered • Checks
• ACH transactions (such as preauthorized automatic transfers)
• Online bill payments
• Debit card transactions
• ATM transactions
• Checks
• ACH transactions (such as preauthorized automatic transfers)
• Online bill payments,
• Debit card transactions
• ATM transactions.
Fees • $3.00 fee to transfer from a savings account.
• No fee for a credit card transfer, however interest will accrue from the day of the transfer.
• $32.00 fee each time No Bounce Courtesy Pay is used, with a maximum of 5 per business day.
• No fee for overdrawn transactions under $5.00.