This notice explains our standard overdraft practices. An overdraft occurs when you do not have enough money in your account to cover a transaction, but the bank pays it anyway. Currently, we can cover your overdraft in two different ways:
We do authorize and pay overdrafts for the following types of transactions:
We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined.
Under our standard overdraft practices:
IMPORTANT: We will not authorize and pay overdrafts for the following type of transactions unless you ask us to:
If you want to opt-in for overdraft coverage for us to authorize and pay overdrafts on ATM and everyday debit card transactions, complete this form and sign below. If we do not hear from you, we will not authorize and pay overdrafts on ATM and everyday debit card transactions.
1Not applicable for Easy Access Checking.
Popular Bank (referred to herein as “we”, “us”, “our”) is a Member of the FDIC and is the mainland operating subsidiary of Popular, Inc. and an affiliate of Banco Popular de Puerto Rico.