Overview

Overdraft Protection from Atlantic Union Bank is a thoughtful safety net designed to help you avoid the inconvenience, embarrassment, and potential extra costs of returned transactions when your checking account balance falls short. It acts as a backstop that automatically covers eligible checks, debit card purchases, automatic bill payments, and other withdrawals when your primary account doesn’t have enough funds — helping transactions clear and reducing disruption to your daily life.

Why Overdraft Protection Matters

Even the most careful budgeting plans can be unsettled by unexpected expenses, timing differences between deposits and withdrawals, or simple human error. Overdraft Protection is designed to:

• Help ensure important payments and bills are processed on time.
• Reduce the risk of returned items and associated merchant declines.
• Protect your banking relationships and personal reputation by minimizing overdraft incidents.
• Give you peace of mind when cash flow is tight or timing is uncertain.

How It Works

Atlantic Union Bank’s Overdraft Protection can be set up to transfer funds automatically from a linked account — such as a savings account, money market, or line of credit — to cover shortfalls in your checking account. When a transaction would overdraw your account, the system first looks to your linked accounts or pre-authorized credit source and transfers funds to cover the item, subject to the terms and availability of the linked source.

Key points about the process:

• Automatic transfers occur only when a covered transaction would create a negative checking balance.
• Transactions are processed in an order consistent with your account agreement and bank policies.
• Any transfer fees, limits, or applicable interest depend on the type of account or line of credit used as the source.

Available Options

Atlantic Union Bank typically offers multiple ways to protect against overdrafts so you can choose the solution that best fits your needs:

• Linked Savings or Money Market Transfer: Funds are moved from a linked deposit account to cover overdrafts. This option often helps avoid overdraft fees and limits reliance on credit.
• Overdraft Line of Credit: A pre-approved line of credit attached to your checking account provides immediate coverage for overdrafts. Repayments and interest terms apply as outlined in the credit agreement.
• Pay As You Go Overdraft Coverage: For customers who prefer occasional protection without a linked account or credit line, discretionary overdraft coverage may be available for certain transactions. Availability and fees are subject to bank policy.

Enrollment and Management

Enrolling in Overdraft Protection is straightforward. Customers can usually elect coverage when opening an account or add it later via online banking, mobile app, or by visiting a branch. Once enrolled, you can:

• Choose the order of linked accounts for transfers.
• Review transfer limits and any associated charges or interest.
• Temporarily suspend or permanently cancel coverage if your needs change.

The bank provides clear disclosures and notices so you know what to expect when coverage is used, including how transfers are initiated, timing, and any fees or interest that may apply.

Typical Use Cases

Overdraft Protection is useful in a variety of everyday scenarios:

• Automatic bill payments hitting before your paycheck is deposited.
• Unplanned medical or vehicle expenses that temporarily exceed available checking funds.
• Timing gaps between mobile deposit availability and clearing.
• Card transactions authorized when your balance appears sufficient but later settle at a higher amount.

Benefits at a Glance

• Convenience: Automatic coverage prevents interruptions to automatic payments and debit purchases.
• Flexibility: Multiple coverage choices let you tailor protection to your financial habits.
• Control: You decide whether and how to enroll, which accounts to link, and the priority of transfers.
• Reputation protection: Fewer returned items and declined transactions help maintain good standing with merchants and service providers.

Smart Tips for Using Overdraft Protection

1. Link a savings or money market account as the first source — transfers from owned deposit accounts can be less expensive than borrowing from a credit line.
2. Understand transfer order and limits so coverage works as you expect.
3. Monitor account balances closely using mobile alerts and online banking to reduce reliance on overdraft coverage.
4. If you use a line of credit for protection, review repayment terms to avoid prolonged interest accrual.

Security and Transparency

Atlantic Union Bank applies robust security measures to protect your accounts and personal information. Overdraft Protection enrollments and transfers are governed by clear disclosures and account agreements so you always know how coverage operates and any costs involved. Regular statements and online transaction histories make it easy to track when protection was used and how transfers were applied.

Final Thoughts

Overdraft Protection at Atlantic Union Bank is designed to be a practical, user-friendly tool for customers who want to avoid the consequences of occasional shortfalls. By choosing the coverage type that fits your financial habits and maintaining awareness of balances and transfer terms, you can minimize unexpected interruptions and help keep your financial life running smoothly.

Consider your cash flow patterns and priorities to select the best protection option for your needs, and make use of the bank’s account management tools to stay informed and in control.