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Overdraft Defense

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What is Overdraft Defense?

Overdraft Defense is our commitment to shield personal checking customers from fees, secure and shelter accounts from added costs and simplify the ability for customers to find out account balances. It’s a protection system in place that: 

Shields

When you don’t have enough funds in your account to cover a transaction and we don’t pay the item on your behalf, no fee will be charged. 

Secures

Avoid bounced checks and declined transactions. With our optional, free Overdraft Protection, money from your savings can be automatically transferred to your checking to cover transactions that would otherwise overdraft your checking account.* 

Shelters

No overdraft fees on items under $5 with Safety Cushion.

Simplifies

Always know your balance with our easy-to-use Quick Balance feature or sign up for Daily Balance Alerts.

If you're looking for an account that comes with no overdraft fees, period, our No Overdraft Checking Account could be a good match for you. This Bank On certified account won't let transactions bring your funds below your available balance, so you'll never be charged an overdraft fee.

For more information on Overdraft Defense, please contact your local Dollar Bank office.


Frequently asked questions

There’s no cost to set up Overdraft Protection and no transfer fees when using Overdraft Protection from a linked savings account. Keep in mind that some savings accounts have limitations on the number of free withdrawals, payments and/or transfers that can be completed each month. See the Account Information Schedule for your savings account for more details.

Overdraft Defense is available on personal accounts only.
An NSF Fee, also sometimes called, "bouncing a check" by the public, or a "returned item fee" by other banks, is assessed when an item is presented for payment and a bank does not pay the item for the customer. It’s a fee that does not exist at Dollar Bank on personal checking accounts.
At our discretion, we pay items for customers who might not have available funds to cover a transaction. Fees for items that we authorize or pay when customers don’t have available funds will continue. Customers benefit from these items being paid because it helps avoid penalties and fees from the merchant they were trying to pay, could help protect their credit score or save them from embarrassment.
An elected feature with a linked savings account where if a payment comes through and your checking account doesn't have enough money to cover the payment, we will move the money from your savings account to your checking and pay the item to avoid an Overdraft Fee.
You may visit your local Dollar Bank office or call 1-800-242-2265.
Pay yourself first. Set up a recurring automatic transfer from your checking account to your linked savings account. Schedule the transfer for shortly after payday so that when you plan out your budget for the month, your savings will already be out of sight and out of mind. Then, the funds are there if you need them in an emergency/overdraft protection situation.

If you don’t have a savings account linked to your checking account, our Smart Savings Account earns a great rate and makes the perfect companion account for our Everything Checking Account customers. Or, find the right savings account for you by comparing all our savings account options.

For a complete explanation of how your available balance is determined, please visit our Deposit Agreement page.

*Please see details on withdrawal limitations of some savings accounts under the FAQ section on this page, titled, "What does Overdraft Protection cost?"