Avoid Overdraft Fees
How can I avoid overdraft fees?
No one wants to pay an overdraft fee, which is an added charge that comes when there are insufficient funds in an account to cover a transaction.
You have several different options to choose from when it comes to avoiding overdraft fees, including:
We offer a free Savings as Overdraft feature, which automatically transfers money from your savings account to cover an overdraft. To enroll in this feature, all account signers for the draw account must sign off acknowledging the transfer access.
To learn more, call our Customer Care Center at 781-444-2100.
Online and Mobile Banking Alerts
Establishing online and mobile banking alerts is incredibly helpful, especially when life gets busy. Setting up alerts for low balances will allow you to get notified when your account goes below a predetermined threshold that you select to prevent you from incurring expensive overdraft fees. How to enroll in alerts:
Select “My Settings” in the top right corner of Online Banking. Scroll down to the bottom of the page and select “Alerts & Notifications.” Then, select “Add an Alert.”
Go into the NB Mobile app and select “More” from the bottom toolbar on the right-hand side. Then, select the gear icon in the top right corner and choose “Push Notifications.”
Online and Mobile Banking Transfer
You can personally transfer money from your savings account to your checking account using Online or Mobile Banking to avoid overdraft fees and make a payment.
In Online Banking, click the “Accounts” widget on the homepage or select “Move Money” from the top toolbar and then “Make Transfer.” In Mobile Banking, transfers can be completed by selecting “Transfers” from the bottom toolbar and then selecting “Transfers” again.
Overdraft Line of Credit
Cover your expenses and get peace-of-mind with our Overdraft Protection Line of Credit. This product protects your account from overdrafts up to your available line of credit when linked with your NB Checking account.
Apply online for your Overdraft Protection Line of Credit here.
For more information on overdraft protection and the options you have to avoid fees, please read our Knowledge Center article.