Overdraft Protection

Regions Personal Banking Services

We understand that life is busy. From time to time, anyone can lose track of how much money is available in their checking or money market account.

You have the option to enroll your Regions personal checking account in Regions Overdraft Protection for greater peace of mind.

Overdraft Protection

For greater peace of mind, link your Regions Personal checking account to a Regions overdraft protection product.

When you enroll in Regions Overdraft Protection (“ODP”), your checking account is linked to a designated funding account at Regions, such as another deposit account (including a savings or money market account), credit card account, or a line of credit. ODP may be used to authorize and/or to pay debit card and ATM transactions if your checking account lacks sufficient available funds. Regions Overdraft Protection may be used to pay checks, ACH transactions, and other items when payment of those items would overdraw the checking account. While Overdraft Protection may prevent overdrafts, it is subject to the following:

  • If the funding account is a deposit account, then all available funds in that account can be used for Overdraft Protection.
  • If the funding account is a credit card account, the entire amount available for cash advances can be used for Overdraft Protection.
  • If the funding account is a line of credit, the entire amount available under the line can be used for Overdraft Protection.

We generally transfer amounts from the designated funding account to the checking account in increments of $10. If the amount available for Overdraft Protection in the funding account is less than $10, or the amount available for Overdraft Protection in the funding account is less than the $10 increment that otherwise would be transferred to cover the amount of the overdraft, we will transfer the full amount available for Overdraft Protection in the funding account to the checking account.

For example, if one or more items would overdraw your checking account by $245 and the amount available for ODP in your funding account is $250 or greater, we will transfer $250 from your funding account to your checking account. However, if the amount available for ODP in your funding account is $248, we will transfer the entire $248 from your funding account to your checking account. We do not charge a transfer fee for Overdraft Protection transfers.

If the checking account still has an insufficient available balance to pay an overdraft item even after we advance available funds from the funding account, we may return the item or pay it into overdraft. If we pay the item, we may then charge the checking account a Paid Overdraft Item fee of $36 per item. There is no charge to your checking, savings, or money market account if we do not pay a check or other item due to insufficient funds and the item is returned. When the available balance in your personal account is overdrawn by $5 or less after end-of-day-processing, we will not charge you a Paid Overdraft Item Fee for items that post that day.

To qualify for ODP, you must open or have an eligible Regions funding account and enroll in Overdraft Protection.

Credit accounts that may serve as designated funding accounts are subject to credit approval, and funds advanced from a credit card are not subject to a grace period. Funds advanced from a credit line or credit card account will accrue interest at the interest rate provided in the agreement for that account. You should not assume we will use funds otherwise available for ODP to authorize and to pay transactions on the checking account until we notify you in writing that we have processed your request to enroll in ODP.

To learn more or to enroll, visit a Regions branch, call 1-800-REGIONS or log in to Regions Online Banking.