Transfer savings for free

Learn how to use Free Savings Transfer as your overdraft protection option.

Transfer savings for free

Learn how to use Free Savings Transfer as your overdraft protection option.

If you choose Free Savings Transfer as your overdraft protection option, we’ll withdraw money automatically from a designated savings or money market account when transactions cause your consumer checking account balance to dip below $0.

  • When one or more transactions take your checking balance below $0 and you have enough money in your savings to cover it, we’ll approve the transaction(s) and transfer the total amount needed at the end of the day that the transaction posts to the account.

    • It generally takes 1-3 days for transactions to post to your account, but it depends on when the merchant finalizes the amount

  • Generally, if a transaction exceeds the amount you have available in your designated savings account, it’ll just be declined.

  • However, there are certain instances where, if the  transaction amount is more than what both the savings and checking accounts can cover, a partial transfer will occur to pay the items and create a negative balance in the checking account.  As such, we will continue to attempt to transfer funds at the end of each day until the full negative balance is paid in the checking account. 

  • There are no charges or fees for using Free Savings Transfer.

  • You can only choose one savings or money market account as your overdraft protection. You can change your linked savings or money market account as long as you don't have a pending transaction or pending Free Savings Transfer.

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