Overdraft Services Overdrafts happen. At one time or another, most of us have lost track of how much money is in our accounts. Fortunately, Cadence provides flexible overdraft options, which can help give you peace of mind.
Overdraft Protection Options
Overdraft Protection Tied to a Deposit Account
Overdraft Protection Tied to a Credit Card
Overdraft Protection Tied to a Line of Credit
Overdraft Specifics
| Deposit Accounts | Credit Cards | Line of Credit | |
|---|---|---|---|
| Transfer Amounts: | Exact amount of overdraft up to the available balance | Exact amount of overdraft up to the available cash advance credit limit | Exact amount of overdraft up to the available credit line limit |
| Transfer Fees: | No fee | 3% of transfer amount (minimum $10 / maximum $60) |
$10 per transfer |
| Eligibility to Open Account: | Minimum opening deposit may be required; other criteria or withdrawal limits may apply | Standard credit criteria applies | Standard credit criteria applies |
Standard Overdraft Services
Overdraft Payment Service3
- Paid Overdraft Item (OD) Fee: $36
- Non Sufficient Funds (NSF) Returned Item Fee: $0
- For consumer accounts, OD fees will not apply when the account balance is overdrawn by $10 or less, and the total number of OD fees is limited to four (4) per day.
We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.
We do authorize and pay overdrafts for the following types of transactions:
- Checks & other transactions using your checking account number
- Automatic bill payments
We do not authorize the following types of transactions if there is not sufficient available balance when the transaction is presented for approval unless you ask us to consider doing so:
- Automated teller machine (ATM) transactions
- One-time debit card transactions
If we do not authorize and overdraw your available balance when a transaction is presented for approval, your transaction will be declined.
Please be aware, even if you have not asked us to consider doing so, circumstances can arise within payment networks where we are required to pay ATM and one-time debit card transactions that overdraw your account.
Under our standard overdraft practices, we will charge you a $36 fee each time we pay an overdraft item if you authorize us to consider approving ATM and one-time debit card transactions without sufficient available balance in your account.
If you authorize us to consider approving ATM and one-time debit card transactions when there is insufficient balance in your account, you will incur a $36 overdraft fee if there is insufficient balance at the time of payment to the account unless the transaction falls within one of the exceptions for consumer accounts listed above.
If you want the Bank to consider authorizing and paying overdrafts on ATM and one-time debit card transactions, call 1-888-797-7711, visit your local branch or update your preferences within online banking.
Disclaimers:
1. Available balance is the most current record we have about the funds that are available for your use or withdrawal. It includes all deposits and withdrawals that have been posted to your account, then adjusts for any holds on recent deposits and any pending transactions that are known to us. This balance may not reflect all of your transactions, such as checks you have written, automated clearing house transactions we have not received, or debit card transactions that have been approved but not yet submitted for payment by the merchant. For more information on how we calculate your available balance, please refer to the Terms & Conditions of Your Account.
2. The Home Equity Line of Credit is not available as overdraft protection in Texas.
3. Under our standard Overdraft practices:
- We will charge you a fee of up to $36.00 each time we pay an overdraft.
- For consumer accounts, we will assess no more than 4 overdraft fees per account per day (Daily Limit). No overdraft fee will be imposed if, after the end-of-day processing, your available balance is overdrawn $10.00 or less. However, if after the end-of-day processing, your available balance is overdrawn by more than $10.00, you will be charged an overdraft fee for each overdraft for that day subject to the Daily Limit.
Learn more by reviewing our overdraft disclosures, terms and conditions.
Frequently Asked Questions Get the answers you need
What causes an overdraft?
What are the benefits of Overdraft Protection options?
- Avoid the hassle of a bounced check
- Eliminate the retailer returned-check charge
- Feel more secure with a backup plan
- Cover non-recurring purchases
Can I set up an alert when my balance is low or overdrawn?
How can I prevent an overdraft fee?
- Monitor your account daily through online banking.
- Track spending. It’s easy to lose track of debit card transactions and other daily expenses if you don’t.
- Sign up for alerts within online banking.
- Reconcile bank statements.
- Sign up for overdraft protection.
Which accounts are eligible for overdraft protection?
Still not sure about Overdraft Protection options?
Have questions about our overdraft services?
Resources Personal Banking Insights
Article 5 Tips for Managing Your Checking Account and Savings
Learn more
