There’s no extra sign-up or enrollment needed.
- How It Operates
- A Good Example
We receive many incoming direct that is electronic before 9:00 am each working day. Because of the Overdraft Rewind function, we’ll initiate a “second review” regarding the previous day’s transactions on the account at 9:00 am neighborhood time. It, we will use funds from your direct deposit to reevaluate the transactions and waive the overdraft or returned item/NSF fees that would have been assessed if you had an overdraft or returned/NSF item on the previous business day and your direct deposit would have covered.
We’ll calculate a balance that is new which include your pending direct deposit (less any pending debits), and employ this add up to reevaluate the last day’s transactions on your own account and waive the overdraft or returned/NSF product costs for deals that could have now been covered by your direct deposit. Continue reading “Overdraft Rewind is definitely a feature that is automatic of customer deposit account that receives Direct Deposit.”