Your Search for "overdraft" found 7 results

Can I change my decision to accept overdraft coverage?

Yes. You can change your decision to have overdraft coverage at any time. After you let us know it will take up to two business days to go into effect.

Is there a fee to accept Overdraft Coverage?

No. There is no fee to accept this service; however if you accept overdraft coverage and an item is paid resulting in an overdraft of your account, a fee of $36 may be assessed.

Is anyone exempt from making a choice regarding overdraft coverage?

Business clients are not included and will continue to have overdraft coverage and will incur applicable fees. All consumer checking account clients at any bank are impacted by the new regulation and must accept overdraft coverage to continue their coverage.

Does Overdraft Coverage apply to checks or reoccurring payments?

No, overdraft coverage only applies to ATM and everyday debit card transactions. SunTrust may authorize automatic bill payments, checks and other transactions using your checking account number and fees may be incurred. SunTrust pays overdrafts at our discretion; we do not guarantee that we will always authorize and pay any type of transaction.

Can I accept overdraft coverage without using Online Banking?

Yes. SunTrust clients can also call 800.485.7279 or visit their local branch to accept coverage.

What is overdraft coverage versus overdraft protection?

Overdraft Coverage provides authorization for ATM and everyday debit card transactions even if the amount is more than the available balance. Overdraft Protection links your checking account(s) to other SunTrust funded checking, savings, money market, credit card or line-of-credit accounts to cover overdrafts in exchange for a fee.

If I choose not to accept overdraft coverage, what does that mean?

This means that any ATM or everyday debit card transaction that would result in an overdraft of your account(s) will be declined at the point of sale.

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