Overdraft Coverage Offerings
When an unexpected expense or timing issue causes your checking account balance to fall short, Fidelity Bank offers several overdraft coverage options to help you manage payments and avoid disruptions. Whether you prefer discretionary coverage, automatic transfers, or a line of credit, you can choose the option that best fits your financial needs.
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Overdraft Coverage Overview
Consumer and Business Overdraft Coverage Overview
Below is a simplified comparison to help you understand how each option works and what may fit your needs.
| Optional Overdraft Coverage | |||||
| Coverage | Source of Funds | Enrollment | Account Type | Fee | Key Benefit |
| Overdraft Program | Bank (at discretion, up to limit) |
Optional | Consumer Only | Flat Fee per Item | Helps avoid declined purchases |
| Overdraft Protection (ODP) | Linked Consumer Account | Optional | Consumer & Business | ODP Transfer Fee | Transfers available funds automatically |
| Overdraft Line of Credit (ODL) | Credit Line | Optional (credit approval req'd) |
Consumer Only | Greater of Interest or Flat Fee | Automatically advances funds when needed |
| Standard Overdraft Coverage | |||||
| Coverage | Source of Funds | Enrollment | Account Type | Fee | Key Benefit |
| Consumer/Business Standard Overdraft | Bank (at discretion, up to limit) |
Eligible checks & recurring ACH only; businesses may opt out. | Consumer & Business | Flat Fee per Item | Helps prevent returned or declined consumer/business payments |
How Overdraft Coverage Works
How Overdraft Coverage Works
Overdraft coverage helps ensure eligible transactions are paid—even when your available balance isn’t enough—so your purchases, payments, and withdrawals aren’t automatically declined or returned.
Coverage varies based on account type and the option you select.
Key Benefits
Key benefits may include:
- Payment Reliability: Reduce the chance of returned checks or declined transactions.
- Multiple Coverage Choices: Choose between discretionary coverage, transfers from a linked account, or a line of credit.
- Flexible Control: Update your overdraft preferences anytime.
- Account Access: Quickly review balances through Online Banking or the Mobile Banking App.
- Transparent Fees: Refer to the Fidelity Bank Fee Schedule for full details.
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Choose or Update Your Overdraft Preferences
Use the link below to view or update your authorization options for ATM and everyday debit card transactions.