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What is Overdraft Protection?


Overdraft Protection helps you avoid overdrafts or declined transactions by transferring funds to your checking account from your linked protector account when necessary. Eligible protector accounts include:

  • SunTrust Deposit Accounts (Checking, Savings, Money Market)
  • SunTrust Credit Cards
  • Personal Lines of Credit

Once you have set-up Overdraft Protection, you will not incur overdraft fees if you overdraft your account and there are available funds in your protector account. There is a $12.50 transfer fee per day for this service. You can avoid a fee if you transfer or deposit funds (and no hold is placed on the deposit) to cover the overdraft transaction(s) by the daily cutoff time, on the same business day. (Note: The $12.50 overdraft protection transfer fee does not apply to Overdraft Assurance~1~ lines of credit and business credit cards. See those account agreements and the Overdraft Protection Transfer Service section of the Deposit Account Rules and Regulations at suntrust.com/disclosures for more information.) If your Overdraft Protection account is a savings or money market account, transfers will count towards the maximum number of 6 withdrawals and transfers per month per Regulation D and bank requirements. Visit our Facts About Banking site at suntrust.com/thefacts for additional details.

A $7 monthly fee will be assessed to your designated checking account in order to maintain access to the Overdraft Assurance line of credit. If funds are not repaid back to the Overdraft Assurance account before the 4th calendar day after the date advances are posted to your credit line, interest will begin to accrue. APRs are fixed and standard APRs could range from 13% to 16% APR. Exclusions and limitations apply. Overdraft Assurance is subject to credit approval, and if approved, transfers will be made up to your available credit limit.