Overdraft Services
Manage Overdraft Services
We offer two overdraft services to help you
manage your checking account. Both services are optional and can be added or
removed at any time. If you are enrolled in both services, we will first use
Overdraft Protection to cover your transactions. Optional overdraft
services, such as Overdraft Protection and Debit Card Overdraft Services,
are not available for Clear Access Banking accounts.
Overdraft Services for Consumer Accounts
UnityOne Capital offers many services to
help you manage your account and avoid overdrafts.
Overdraft Rewind
With this automatic feature for Consumer checking
accounts, when the Bank receives your electronic direct deposit by 9:00 am local
time, we will calculate a new account balance that includes the pending direct
deposit (less any pending debits). If this newly calculated balance covers
transactions that resulted in overdraft fees during the prior business day's
nightly processing, we will waive or refund those fees. We may also reverse
returned item (non-sufficient funds/NSF) decisions.
- Multiplying the daily ending balance on your Overdraft Line of Credit by the daily periodic rate.
- Daily periodic rate is calculated by dividing the current APR by 365 – or 366 in a leap year.
- At the end of the month, we’ll add all of the interest owed amounts for the days that you held a balance in your Overdraft Line of Credit.
Overdraft Protection
You can link up to two eligible accounts (one
savings, one credit) to your checking account, and we will use available funds
in the linked account(s) to authorize or pay your transactions if you don't have
enough money in your checking account.
Debit Card Overdraft Service
You can choose whether your ATM and everyday
(one-time) debit card transactions may be approved, at the Bank's discretion, if
you don't have enough money in your checking account or in accounts linked for
Overdraft Protection at the time of the transaction.
Online, Mobile and/or Text Banking Tools
- Monitor your account activity, transfer funds, and set up a low balance alert.
- See "Avoiding Overdrafts" below for details.
- Clear Access BankingSM accounts