With Webster’s Overdraft Protection, we’ll help you plan for those cash needs you didn’t see coming.
- Fast Facts
- May help you avoid overdrafts
- Helps protect your credit
As responsible as you are with your business’ finances, Webster understands there may be the occasional snag. You know, like when your vendor cashes his check a little early that same time your deposit happens to be a little late.
To help protect you and your credit standing in those unexpected events, Webster offers the security of Overdraft Protection for your checking account.
Webster Offers These Types of Overdraft Protection
Savings Overdraft Protection
Set up savings overdraft protection by linking a business money market savings account to your business checking.
Overdraft Line of Credit
Apply for an overdraft line of credit that can be linked to your business checking account. Your credit standing will be protected for amounts up to the maximum available under your line of credit.
For more information on Overdraft Protection, please call us at 1-877-366-9898.
Federal regulations limit the number of transfers and electronic payments from a savings or money market account to a maximum of six (6) per calendar month or per monthly statement cycle from the following categories: preauthorized transfers, including overdraft protection; telephone transfers; and electronic transactions, including WebsterOnline transactions, Checks, Check Card payments to third parties, Automated Clearing House (ACH) transactions and wire transfers.
An Overdraft Line of Credit is subject to our normal credit approval process.