This service comes standard with most checking accounts. The Bank will consider paying transactions, at our discretion* and for a fee, when your account balance at the time of settlement is not enough to cover them.
If Atlantic Union Bank does not pay the transaction, it is returned unpaid and no fee is charged. However, you may be charged a returned fee by the merchant. The Bank does not guarantee a transaction presented for more than the current balance in your account will be paid.
What is covered?
Checks, automatic bill payments (ACH), recurring debit card transactions, and other transactions that use your checking account number.
What is not covered?
One-time debit card and ATM transactions
How much does it cost?
When is an Overdraft Fee not charged?
- $38 Overdraft Fee for each paid transaction.
- Maximum of 4 Overdraft Fees per day.
- You are expected to repay a negative balance in your account right away.
When a transaction is $5 or less or when the transaction overdraws your account by $5 or less.
Can I opt out?
Yes. You can remove this service at any time for checks, automatic bill payments, and other transactions made using your checking account number. Removing this service does not stop the payment of recurring debit card transactions.
If you choose to remove Standard Overdraft Privilege, you also opt out of Opt-In Overdraft Privilege. To opt out,
*Examples of when the Bank does not pay a transaction at our discretion are when your account is not in good standing, or when you are not making regular deposits to your account, or when your account has too many overdrafts.