Your Overdraft Coverage Options
Introduction
Life happens! We understand that unexpected overdrafts occur from time to time – Overdraft Coverage can help. You may be able to utilize one or any combination of our three overdraft services to help cover your checks, debit card transactions, automated payments, and more.
Services include:
- Overdraft Protection
- Our Readi Reserve line of credit
- Overdraft Privilege – Standard or Extended Coverage
Learn about these coverage options and compare services using the information below.
If you have any questions about Overdraft Protection, Readi Reserve, or Overdraft Privilege, please call us at 800.242.2120. You can apply for a Readi Reserve or change your overdraft coverage preferences by reaching us at 800.242.2120 or visiting your nearest branch.
Overdraft Protection and Overdraft Privilege
Choose coverage that provides peace of mind.
The choice is yours. Consider these ways to cover overdrafts:
| Service | Cost |
|---|---|
| Overdraft Protection linked to another deposit account you have at Visions (1) | No fee per transfer |
| Readi Reserve Line of Credit (2) | Subject to finance charges |
| Overdraft Privilege Standard or Extended Coverage | $20 Overdraft Fee per overdraft paid (3) |
(1) Call us at 800.242.2120, utilize Live Chat in digital banking, or stop by your nearest branch to sign up or apply for these services.
(2) Subject to credit approval.
(3) Please note that there is no limit per day on the total fees we can charge you for overdrawing your account.
Overdraft Protection applies to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account or Readi Reserve line of credit you may have at Visions. Please note that overdraft lines of credit are subject to credit approval and finance charges.
Overdraft Privilege allows you to overdraw your account up to the disclosed limit for a set fee to pay a transaction. Even if you have Overdraft Protection, Overdraft Privilege is still available as secondary coverage if the other protection source is exhausted.
Login to your digital banking account and open the Helpful Info tab for more information.
Compare our options for Overdraft Privilege.
The table below lists the types of transactions covered by Overdraft Privilege as a comparison of Standard and Extended Coverage. For associated costs, refer to the table above.
| Transactions Covered with Overdraft Privilege | Standard Coverage (No action required) | Extended Coverage (Your consent required on consumer accounts)* |
|---|---|---|
| Checks | x | x |
| ACH - Automatic Debits | x | x |
| Recurring Debit Card Transactions | x | x |
| Online Bill Pay Items | x | x |
| Everyday Debit Card Transactions | x* |
*If you choose Extended Coverage on your consumer account, everyday debit card transactions will be included in addition to the transactions listed under Standard Coverage. If you already have Overdraft Privilege Extended Coverage, it is not necessary to request it again. Business accounts automatically have Extended Coverage.
If you would like to select Extended Coverage for future transactions, you can stop by your nearest branch, utilize Live Chat in digital banking, or complete the Extended Coverage Consent Form. To change your election, you can also call us at 800.242.2120.
You can enroll, change your coverage, or discontinue Overdraft Privilege by contacting us at 800.242.2120. If you have any questions about Overdraft Protection or Overdraft Privilege, please call us at 800.242.2120, utilize Live Chat in digital banking, or stop by your nearest branch.
