Peace of Mind vs. In A Bind
An overdraft occurs when you do not have money in your account to cover a transaction.
What happens if you accidentally bounce an important check? With Overdraft Protection by Linked Accounts from NetBank, your important check doesn’t bounce at all. It’s exactly the peace of mind you need.
Overdraft Protection by Linked Accounts
Link your NetBank checking account to your NetBank savings account; use the balance in the linked account to cover the shortfall of the following transaction types:
- Checks written on your checking account
- Automatic bill payments (ACH)
These automated transfers are considered limited transfers and each transfer is counted as one of the six transfers from a savings account allowed per calendar month per federal regulations. Transfers are made for the exact amount to cover the shortfall in Available Funds.
To set up: log in to your account and send us a secure message indicating the last 5 digits of the two account numbers you would like to have linked together.