Business Overdraft Protection
Forgetting to record a check or debit can happen to anyone, but our Business Overdraft Protection provides options for payment of items when your NB Business Checking account is short of available funds.
Business Overdraft Protection provides coverage for customers with an NB Business Checking account. Borrowing limits from $2,000-$10,000 are available.
- Apply online in only 5 minutes
- Receive a decision within 3 business days
- Quick access to your funds
- Easily manage your credit line through online banking
- Monthly payment amount is determined by the outstanding line of credit balance
- $50.00 documentation fee
- $50.00 annual fee charged on anniversary
You can apply for a Business Overdraft Protection online in only 5 minutes. To begin, have your business information ready, including Tax ID Number, NB Checking account number and annual sales. For added convenience, you can save your application at any time to return to it later. Let's get started!
Don’t have an NB Business Checking account? Please contact us at 781-444-2100 or [email protected].
Your overdraft line of credit links to your Needham Bank business checking account and can cover transactions up to your approved credit limit. In the event your account does not have adequate funds available, the funds needed will be transferred from your Business Overdraft Protection Line of Credit, up to the available credit limit, to cover ATM withdrawals, debit card purchases, checks, and online bill payments.
Yes, you can split the approved credit limit up and link multiple Needham Bank Business Checking accounts.
To use NB Business Online and Mobile Banking, please visit your local Needham Bank branch to complete a cash management service enrollment form and sign a Business Online Banking Agreement.
Once you have completed and signed the necessary documents, your application will be sent to our Cash Management team to be processed. You will receive an email with secure attachments containing your Company ID, User ID, temporary password, and User Guide. Please follow the directions in the Welcome emails to retrieve your Welcome letter and User Guide via Needham Bank’s Secure File Transfer service.
Needham Bank provides resources to help you grow your small business. These simple steps can set you up for success when it comes to business expansion.Learn more about Growing Your Small Business