Overdraft Protection Options
With our busy lives, it’s easy to make mistakes such as forgetting to deposit a check, make a transfer, or deduct your last debit charge from your balance. A simple error or balance miscalculation can lead to an unexpected shortage of funds.
Savings Transfer or Link to Another Account
Protect your checking account from inadvertent overdrafts with a transfer from another deposit account at CornerBank. Set up a savings account or another checking account for this service – Funds would be transferred in $50 increments. There is a fee of $10 per transfer. Funds would be transferred from one of your enrolled accounts prior to any activation of overdraft privilege.
CornerBank may have the solution you’re looking for with our Overdraft Privilege program. Overdraft Privilege is not a line of credit. However, if you inadvertently overdraw your account, we will have the discretion to pay the overdraft, subject to your Overdraft Privilege. Please click HERE for the complete Discretionary Overdraft Privilege Disclosure. CornerBank will not pay overdrafts for ATM or everyday debit card transactions unless you have given your consent by opting in to the payment of these overdrafts. Please click HERE for more information about opting in to extend your Overdraft Privilege coverage.