Save the Embarrassment of an Overdrawn Account
Unanticipated expenses or mathematical errors can leave your checking account short of cash. We created Overdraft Defender as a special privileged specifically for TSB Bank checking account clients whose accounts are in good standing for 6 months or more.
Going Over Your Overdraft Defender Limit
If you write a check that puts you over the pre-established limit for Overdraft Defender, TSB Bank will return your check(s). Your account will be assessed a $30.00 insufficient funds fee and a notice will be sent to you. If you have a check returned:
- The merchant may charge you a fee when your check is returned unpaid and may be unwilling to accept checks from you in the future.
- The person who accepted your check as payment may be charged a fee by his/her bank where he/she deposited your check.
- Your credit rating may be adversely affected.
Transactions and Accounts Covered by Overdraft Defender
The following transactions may be covered under Overdraft Defender’s privileges (may change at the bank’s discretion):
- Checks and other debits cashed at teller windows
- ACH debit transactions (automatic payments)
- Automatic loan payments
- Checks issued to a third party
Overdraft Defender also may cover debit cards and ATM transactions when you sign the opt-in authorization. Overdraft Defender covers all eligible personal checking accounts in good standing, but does not cover commercial and/or business checking accounts.
Contact TSB Bank for Questions About Overdraft Defender
Overdraft Defender Policy
LIMITATIONS: Available to individually owned accounts in good standing for personal or household use. If the overdraft checking service is suspended on three occasions in a 12-month period, the overdraft checking service will be revoked for a period of at least six months. The fees charged for the items paid into overdraft or returned, as well as the amount of the overdraft item(s), will be subtracted from the disclosed overdraft protection dollar limit. The order in which transactions are received and processed can affect the total amount of overdraft fees incurred by a customer. TSB Bank reserves the right to limit participation to one account per household and to discontinue this product at any time with prior notice.