Overdraft Protection

Enjoy extra protection against the costly and inconvenient problems associated with non-sufficient funds. Our overdraft protection options provide a safety net so you have coverage in case you find yourself with too little cash.

Overdraft Options

 
 
Overdraft Protection Transfer
Standard Overdraft Coverage****
Standard Overdraft Coverage 
Including Everyday Debit Card and ATM Transactions****
Redi Advantage Line of Credit
What's Covered?
Checks, automatic bill payments, and recurring debit card transactions.
Checks, automatic bill payments, and recurring debit card transactions.
Checks, automatic bill payments, and recurring debit card transactions--plus, everyday debit card transactions and ATM withdrawals.*
Checks, automatic bill payments, and recurring debit card transactions--plus, everyday debit card transactions and ATM withdrawals.
How Does it Work?
Link an eligible account to cover overdrafts. Each time a transaction is presented against insufficient funds, your linked account will transfer the money necessary to bring your balance to zero.**
If there isn't enough money in your account to cover a transaction, we may, at our discretion, cover that transaction for you.
This extended standard overdraft coverage is for everyday debit card purchases and ATM withdrawals if you enroll.*
Links your checking account to a line of credit (subject to approval.***) Money is disbursed in $100 increments to the overdrawn account. The transfer takes place once daily as required to cover any overdrawn balances.
What Does it Cost?
$10 overdraft protection transfer fee.
$36 non-sufficient fund fee per item up to six (6) per day.
$36 non-sufficient fund fee per item up to six (6) per day.
17% Annual Percentage Rate on advances.***
How Do I Enroll?
At your local business center.
All eligible checking accounts come with standard overdraft coverage.
Enroll through our website at PeoplesBankNCOptin.com, by calling 828-466-1765 or toll free at 877-802-1212, or at your local business center.
At your local business center.


 

Overdraft Protection Transfer

Covers checks, automatic bill payments, and recurring debit card transactions

Works by linking an eligible account to cover overdrafts. Each time a transaction is presented against insufficient funds, your linked account will transfer the money necessary to bring your balance to zero**

Cost is $10 overdraft protection transfer fee

Enroll at your local business center

Standard Overdraft Coverage

Covers checks, automatic bill payments, and recurring debit card transactions

If there isn't enough money in your account to cover a transaction, we may, at our discretion, cover that transaction for you****

Cost is $36 non-sufficient fund fee per item up to six (6) per day

All eligible checking accounts come with standard overdraft coverage

Standard Overdraft Coverage is a service offered to eligible checking accounts and requires no action on your part. Payment of items is discretionary. You must keep your account in good standing by making regular deposits. Infrequent deposits or failure to bring your checking account in good standing may reduce or remove your Standard Overdraft Coverage. Click here to read the full standard overdraft policy disclosure.

Standard Overdraft Coverage including everyday debit card and ATM transactions

Covers checks, automatic bill payments, recurring debit card transactions–plus, everyday debit card transactions and ATM withdrawals*

Extended overdraft coverage for everyday debit card purchases and ATM withdrawals if you enroll*

Cost is $36 non-sufficient fund fee per item up to six (6) per day

Enroll online at PeoplesBankNCOptin.com, by calling 877-802-1212, or at your local business center.

Opt In to Overdraft Protection

Redi-Advantage Line of Credit


Covers checks, automatic bill payments, recurring debit card transactions–plus, everyday debit card transactions and ATM withdrawals

Works by linking your checking account to a line of credit.*** Money is disbursed in $100 increments to the overdrawn account. The transfer takes place once daily as required to cover any overdrawn balances.

Charges 17% Annual Percentage Rate on advances***

Enroll at your local business center

Contact Us


If you would like to discuss overdraft protection for your account or have a concern, contact us at 877-802-1212.
*Banking regulations require that customers "opt-in" to this additional coverage before we can cover overdrafts for ATM and debit card transactions.

**Link an eligible checking or savings account to cover overdrafts. An account is considered eligible if held by the same ownership. Each time a transaction is presented against insufficient funds, your linked account will transfer the money necessary to bring your balance to zero. There is a $10 Overdraft Protection Transfer fee associated for each transfer that occurs. This coverage will not authorize everyday debit card transactions and ATM withdrawals.

***The Annual Percentage Rate (APR) will be fixed at 17.00%. You will be charged interest from the transaction date. We will use a method called "average daily balance including current transactions" to compute the finance charge. The minimum monthly payment required is 3% of the outstanding balance including finance charges, or $25, whichever is greater, but not more than the outstanding balance.

****Standard Overdraft Coverage is a service offered to eligible checking accounts and requires no action on your part. Payment of items is discretionary. You must keep your account in good standing by making regular deposits. Infrequent deposits or failure to bring your checking account in good standing may reduce or remove your Standard Overdraft Coverage. Click here to read the full standard overdraft policy disclosure.​

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