What is overdraft protection?
Overdraft protection is a banking feature that provides financial coverage if you withdraw more money than is available in your checking account. Pulaski Bank offers several overdraft protection options:
- Savings Overdraft Protection - This service is available to cover overdrafts by linking a personal savings account to a personal checking account and transferring funds from the savings account to the checking account to cover overdrafts. This service requires you to sign an agreement and designate your linked accounts.
- Lifestyle Reserve Line of Credit - This line of credit is available is linked to your checking account to cover overdrafts. If your checking account is overdrawn the bank willadvance money from your Lifestyle Ready Reserve line to cover your checks. This service requires you to complete a credit application and approval is based on your credit worthiness. The amount of your credit limit varies.
- Overdraft Privilege - Overdraft Privilege is a service we add to your checking account subject to eligibility criteria. With Overdraft Privilege, we will generally pay your overdraft items up to $800. However, whether your overdrafts will be paid is discretionary and we reserve the right not to pay one or more overdrafts. For example, we typically do not pay overdrafts if your account is not in good standing, or you are not making regular deposits, or you have too many overdrafts. This service does not pay ATM and everyday debit card transactions.
- ATM & Debit Card Overdraft Coverage - In order to provide coverage on ATM and everyday debit card transactions that may overdraw your account, we are required to obtain your consent. Click here to opt-in now.
Why do I need it?
Sometimes, life can throw you a curveball: your car breaks down, your child gets sick, or some other unforeseen bill can pop up. When you've got a budget to keep, surprise expenses can really be a hassle. When unexpected costs do pop up, Pulaski Bank wants to make sure you're covered. With overdraft protection from Pulaski Bank in St. Louis, you can be certain there will be enough in your account to cover the necessities.
Whether you choose the standard overdraft protection plan or linking your checking to a savings account, Pulaski Bank caters your needs to our services. We cover both checking account transactions and automatic bill payments so you never have to worry about missing a deadline.
Get peace of mind with the knowledge that Pulaski Bank is behind you.
How can I get it?
Have questions? We're happy to help! If you would like to speak with a banking representative to discuss your overdraft protection options, contact us now or simply call 314-878-3523 x4317 or toll free at 1-888-649-3320 x4317.