Overdraft Protection

AbbyBank offers two overdraft solutions that allow you to protect yourself from overdraft fees. Life happens, feel safe knowing you won’t be caught off-guard again. 

Automatic Transfer Service

Avoid overdraft and insufficient fund fees as well as possible negative effects on your credit score by utilizing AbbyBank's automatic transfer service. For example, you can link your savings1 account to your checking account for automatic transfers to avoid an overdraft. 

  • Transfers in $100 increments (based on available funds)
  • No repayment necessary
  • Fee only applies if a transfer occurs2

Overdraft Protection (ODP) Account

Link a checking account to a pre-approved line of credit3 that will automatically transfer available funds to your checking account to avoid an overdraft.

  • Transfers in $100 increments (based on available limit)
  • No daily or per transfer fees4
  • Repayment required plus interest

Unsure which overdraft solution is right for you? Ask a Personal Banker to go over the options available to you. 

We have your best interest in mind and do everything we can to protect your funds and your future. If you're struggling with overdraft fees, it may be time to speak with a Personal Banker to help you set goals while managing your spending habits. Utilize our other digital banking services, such as eBanking or Mobile Banking, that make it easy to check your balance daily. You can also set up balance alerts available through text, email, or online banking, to let you know when your account balance falls below your set threshold. If your account is about to overdraw, you can avoid an overdraft charge by making a deposit the same day within regular banking hours to avoid the overdraft. 

For more information on avoiding overdraft fees, visit our FDIC Consumer Assistance & Information page.


1Certain account types have transaction limitations; please speak to a Personal Banker to determine whether transaction limitations apply.
2A per transfer fee applies.
3All ODP accounts are subject to credit approval.
4An annual fee applies.
When you write checks, use your ATM card or make a debit card transaction for more money than what is in your account, you create an overdraft or a negative account balance. This can result in fees. 
There are numerous ways to avoid overdraft fees. Overdrafts and fees can be avoided by setting up an Overdraft Protection (ODP) loan or an automatic bank transfer of funds from another AbbyBank account, typically a savings account. Using either of these overdraft protection options will ensure there is enough money in your account and avoid an overdraft fee. You can also monitor your accounts through eBanking and Mobile Banking. 
There is a $5.00 fee per transfer when using our overdraft automatic transfer and there is an annual $25.00 fee to use the line of credit. These fees can be be avoided by viewing your eBanking and mobile banking often to keep track of your balances, transactions, automatic payments and setup balance alerts. Using your online banking or mobile banking to facilitate the transfer yourself allows to avoid the $5.00 transfer fee when using the automatic transfer option. 
Overdraft protection helps you avoid fees from accidents like a bounced check or large debit card transactions. The transaction will go through successfully, even if you don't have enough funds in your bank account to cover the amount. Instead, money will be automatically taken from a savings account or an overdraft line of credit. Overdraft fees are an unnecessary expense and having overdraft coverage in place can help you save time and money. 
AbbyBank wants to help you avoid overdrawing your account. Simply contact your friendly Personal Banker to complete and sign the documents needed. You will need to provide the account numbers you want the funds to transfer from and to, the amount of the transfer and the frequency. 
Typically, AbbyBank does not waive overdraft fees. However, you can avoid overdraft fees by keeping track of your account balance, so you don't write a check or use your debit card when there aren't enough funds in the bank account. AbbyBank customers often connect a savings account to their checking account in case they inadvertently attempt to withdraw more funds than are available leaving them a negative balance. The funds will automatically transfer from the savings account to their checking to avoid the overdraft fee. Another option is an Overdraft Protection (ODP) loan. This is a preapproved loan where the available funds will transfer to the checking to avoid the overdraft fee. There is an annual fee for the ODP and any funds advanced are assessed interest. 
 
AbbyBank offers a free Personal Finance tool that can help you manage your finances. It allows you to view all your internal AbbyBank accounts along with external bank accounts all in one place. It is a real-time aggregation of your accounts that helps you control and track your spending, create budgets and goals, and manage debt.