Example of Overdraft Transfer
- Checking account is overdrawn by $10
- $17 is withdrawn from the account you’ve designated to provide Overdraft Protection ($10 to cover the overdraft, and $7 to cover the Overdraft Transfer fee)
- The $7 fee is charged to your account at the time of the transfer
- $10 is deposited to your checking account
- Your checking account balance is reduced to zero
