Overdraft Protection

Overdraft Protection Transfer

What's Covered? Checks, automatic bill payments, and recurring debit card transactions.

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.**

What Does it Cost? $10 overdraft protection transfer fee.

How Do I Enroll? At your local business center.

Standard Overdraft Coverage

What's Covered? Checks, automatic bill payments, and recurring debit card transactions.

How Does it Work? If there isn't enough money in your account to cover a transaction, we may, at our discretion, cover that transaction for you.

What Does it Cost? $36 non-sufficient fund fee per item up to six (6) per day.

How Do I Enroll? 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 and bringing your account to a positive balance at least once every 30 days. Click here to read the full standard overdraft policy disclosure.

Standard Overdraft Coverage
Including everyday debit card and ATM transactions

What's Covered? Checks, automatic bill payments, recurring debit card transactions–plus, everyday debit card transactions and ATM withdrawals.*

How Does it Work? This extended overdraft coverage is for everyday debit card purchases and ATM withdrawals if you enroll.*

What Does it Cost? $36 non-sufficient fund fee per item up to six (6) per day.

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

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Redi-Advantage Line of Credit

What's Covered? Checks, automatic bill payments, recurring debit card transactions–plus, everyday debit card transactions and ATM withdrawals.

How Does it Work? Links 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.

What Does it Cost? 17% Annual Percentage Rate on advances.***

How Do I Enroll? At your local business center.

*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.
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