Overdraft Coverage. SoFi Bank offers two optional overdraft features: (a) linking SoFi Checking and SoFi Savings Accounts to cover SoFi Checking Account Overdrafts (“Overdraft Protection”), and (b) SoFi’s Overdraft Coverage Option.
Overdraft Coverage. We will pay your overdrafts for ATM withdrawals and debit card purchases you make at a store, online or by telephone, only if you have told us you want overdraft coverage for these transactions. You can opt out of overdraft coverage for these transactions at any time by writing to us at PO Box 5549, Gainesville, FL 32627 or calling us at 0-000-000-0000. Even if you do not request overdraft coverage for ATM withdrawals and debit card purchases, we may still pay your overdrafts for other types of transactions, including checks. Having overdraft coverage does not guarantee that we will pay your overdrafts. If we decide to pay an overdraft, you will be charged fees as described in the fee schedule. Overdraft coverage differs from other overdraft services we offer, such as linking your account to another account with us or an overdraft line of credit. See below for more information, including how to contact us if you want overdraft coverage to apply to your ATM withdrawals and debit card purchases. Other Ways We Can Cover Your Overdrafts We offer other ways of covering your overdrafts that may be less expensive, such as linking your account to another account with us or an overdraft line of credit. Contact us to learn more about these options. How to Request Overdraft Coverage or Get More Information To request overdraft coverage for your ATM withdrawals and debit card purchases, or for information about other alternatives we offer for covering overdraft, please contact us by phone at 000-000-0000; by email at xxxxxx.xxx; or by mail at P.O. Box 5549, Gainesville, FL 32627. The following disclosures and terms apply to your accounts with the Credit Union. The Rates & Fees Schedule also sets out terms of your accounts and is hereby incorporated by reference as if fully set forth herein.
Overdraft Coverage. Based on your account type, Overdraft Privilege is an optional service you can add to your account that allows Community First Bank, at its discretion, to authorize and pay transactions on ATM and everyday debit card purchases when there are insufficient funds in your account. Your account is automatically opted out of Overdraft Privilege at account opening. By opting-in to Overdraft Privilege, Community First Bank may pay ATM and everyday debit card transactions at the Bank’s discretionwhen your account does not have sufficient funds to cover the transaction. Fees may apply. The specific fees are disclosed in the Fee Schedule.
Overdraft Coverage. SoFi Securities offers optional overdraft coverage to eligible SoFi Money Customers who have monthly direct deposits of $1,000 or more are set up on their Account. SoFi Money Customers who qualify, will automatically be enrolled in overdraft coverage. SoFi Money Customers may opt-out of the coverage at any time through the SoFi Mobile App or website. SoFi Money Customers who do not opt-out will receive up to $50 of overdraft coverage on SoFi Money Debit Card purchases only. This offer does not apply to other types of transactions. There are no fees or interest associated with this overdraft coverage. SoFi Money Customers who do not opt-out of overdraft coverage will agree to allow SoFi to deduct the amount of the overdraft from their SoFi Money Account when a deposit is made. In the event an overdraft is not repaid within thirty (30) days, the customer will no longer have access to overdraft protection. In the event you fail to repay the overdraft within a reasonable time thereafter, SoFi reserves the right to close your SoFi Money Account.
Overdraft Coverage
