How Overdraft Protection Works

When you enroll in Overdraft Protection with Ameris Bancorp, your checking account is linked to one or more designated backup sources. If a transaction would cause your account to go negative, the bank will automatically transfer funds from the linked source to cover the shortfall. Depending on the protection option you choose, linked sources can include a savings account, a secondary checking account, a line of credit, or a personal overdraft protection line established by the bank.

Automatic transfers occur in real time or at the end of the business day, depending on the transaction type and processing times. This means debit card purchases, checks, ACH debits, and other electronic transactions can be covered without interruption. The goal is to minimize fees, prevent declines, and avoid negative reporting that could affect your banking relationships.

Available Protection Options

• Savings or Secondary Checking Transfer: Funds are moved from your linked deposit account to cover an overdraft. This is typically a low-cost option and helps you avoid overdraft fees from multiple transactions.
• Overdraft Protection Line of Credit: A pre-approved line of credit that automatically advances funds to cover overdrafts. You are charged interest on the borrowed amount until it is repaid, and payments can be structured to fit your financial plan.
• Standard Courtesy Overdraft Coverage: In cases where you have not opted into a specific transfer product, Ameris Bancorp may provide discretionary coverage for certain transactions. This coverage is not guaranteed and may be subject to fees and bank policy.

Key Benefits

• Transaction Continuity: Avoid declined transactions at point of sale or returned checks by ensuring necessary funds are available through linked sources.
• Fee Reduction: Using transfers from linked deposit accounts or a line of credit can be less expensive than multiple overdraft fees.
• Convenience and Peace of Mind: Automatic coverage reduces the need to monitor account balances constantly and lowers the likelihood of late payments to merchants or service providers.
• Flexible Options: Choose the protection that best matches your needs—low-cost transfers from savings, a credit-backed solution, or discretionary coverage for occasional shortfalls.
• Simple Management: Account alerts, online and mobile banking controls, and statements make it easy to track transfers, payments, and balances.

Eligibility and Enrollment

Eligibility for Overdraft Protection at Ameris Bancorp varies by product. Generally, customers with active deposit accounts in good standing are eligible to link a savings or secondary checking account. A line of credit or overdraft loan requires a credit application and approval based on creditworthiness and internal lending criteria.

Enrollment can typically be completed through online or mobile banking, at an Ameris Bancorp branch, or by phone with customer service. During enrollment, you will designate backup accounts, review terms and disclosures, and consent to any applicable fees or interest charges associated with specific protection options.

Fees, Interest, and Terms

Costs associated with Overdraft Protection depend on the protection method chosen. Transfers from a linked savings or secondary checking account may incur a nominal transfer fee per overdraft transfer. A line of credit will carry interest on outstanding balances and may include origination or annual fees as specified in the credit agreement. Courtesy or discretionary overdraft coverage may include per-item overdraft fees according to the account’s fee schedule.

It is important to review the account disclosures, fee schedule, and credit agreement carefully to understand current rates, fees, repayment terms, and any limits on coverage amounts or the number of transfers permitted in a given period.

Managing Your Protection

Ameris Bancorp offers tools to help you manage your overdraft arrangements:

• Real-time alerts via mobile and online banking notify you of low balances and transfers.
• Online settings allow you to view and change linked accounts, transfer limits, and enrollment status.
• Customer service representatives can explain options, assist with enrollment or cancellation, and help you understand fees and repayment obligations.

Regularly reviewing statements and transaction activity helps you maintain control of your finances and avoid unnecessary charges. Setting up direct deposits or scheduled transfers can reduce the likelihood of overdrafts.

Common Scenarios

Everyday situations where Overdraft Protection proves useful include:

• Unanticipated automatic bill payments or subscription renewals that exceed the available balance.
• Debits or checks that post before expected direct deposits arrive.
• One-time emergency expenses when immediate funds are needed to prevent late fees or service interruptions.

In each case, Overdraft Protection helps bridge the gap and maintain your financial commitments without disrupting payment flows or harming your banking record.

Frequently Asked Questions

Can I opt out of overdraft coverage?

Yes. Customers can decline discretionary overdraft coverage and may choose not to link backup accounts. However, opting out could result in declined transactions or returned items.

How quickly are funds transferred?

Transfer timing varies by transaction type and the linked product. Some transfers occur immediately at the time of the transaction, while others may be processed at the end of the banking day.

Will using a line of credit affect my credit score?

Borrowing against an approved line of credit may appear on your credit report and could affect your credit utilization and score. Refer to your credit agreement for specifics.