How does suntrust overdraft work

We encourage you to monitor your account through Online Banking, Mobile Banking, or by contacting us at You should review your available balance , as it is the most up-to-date. You can use it to determine which transactions you have made that may not have posted yet, and therefore are not part of your current balance.

Typically, debit card purchases take 24 hours to clear but may take up to five business days depending on when the merchant sends the final transaction amount to SunTrust. In the meantime, you might have other items that process to your account maybe your landlord cashes your rent check, for example , which might not leave sufficient funds to pay for the item once it was processed. The last 90 calendar days are available. To avoid this fee, you must make a deposit to bring your current balance positive by the daily cut-off time on the fifth business day see times.

The fee is based on your current balance at the end of processing on the fifth business day and will be charged that night if your balance remains negative. If your deposit is made after the daily cut-off time, it will not post to your current balance until the next business day and an extended overdraft fee will be charged.

To help you avoid an extended overdraft fee, we will mail you a written notification when you overdraw your account or an item is returned.

When you are at risk of incurring an extended overdraft fee, an alert will be displayed in Online and Mobile Banking providing the date you must make a deposit or transfer by to bring your balance positive and avoid the fee.

Additionally, Online Banking clients will receive an automatic email notification to their email address on file.

Learn more about how to avoid this fee , and when money goes in and out of your account. SunTrust limits the number of fees you can incur per day to six total Overdraft and Returned Item fees. An extended overdraft fee is incurred when your current ledger balance has been negative for five consecutive business days does not include Saturdays, Sundays and holidays.

To help you avoid an extended overdraft fee, we will mail you written notification when you overdraw your account or an item is returned. Additionally, Online Banking clients will receive an email notification to their email address on file. There is no need to opt-in to receive this alert, it is automatic; however, please make sure your current email address in Online Banking is up-to-date so you can receive important notifications about your account.

Each time an account remains in an overdraft status for five consecutive business days, it will be charged the Extended Overdraft Fee, but the Extended Overdraft Fee is only charged one time during each period of an account being overdrawn. An Extended Overdraft fee is in addition to any overdraft or returned item fees that have already been charged. So, in this scenario the answer is no: Your account becomes overdrawn on Monday and remains overdrawn for five business days.

On Friday, your account is charged the Extended Overdraft Fee. Your account remains overdrawn an additional five business days, but you do not get charged the Extended Overdraft Fee a second time. However, in this scenario the answer is yes: Your account becomes overdrawn on Monday and remains overdrawn for five business days.

On Friday, you are charged the Extended Overdraft Fee, and your account becomes positive soon after being charged. But, then a few days later, your account becomes overdrawn again. If it remains overdrawn for another five consecutive business days, it will again be charged the Extended Overdraft Fee.

It is important to report phishing or any suspicious, unauthorized or fraudulent activity on your SunTrust accounts in a timely manner. When you alert them to a possible fraud, they can flag your files so that new accounts cannot be open in your name without your explicit permission. SunTrust has developed a number of online and offline security measures to help protect you and your identity. In addition to using advanced security technologies, such as encryption, firewalls and virus protection, we employ teams of security experts focused solely on fraud protection and identity theft prevention.

You also play a critical role in keeping your personal and account information safe. Find simple but important fraud and identity theft prevention tips. You never want to hear that your data has been breached.

The advance of technology has led to more damaging fraudulent attempts, with nearly half of companies experiencing an attack in the last two years. As prices rise and consumer behaviors shift, food companies have an opportunity to work with supply chain partners to more effectively compete with larger players. Link opens a new window. Robb Variable Corp. Investment advisory services are offered by Truist Advisory Services, Inc.

Comments regarding tax implications are informational only. Truist and its representatives do not provide tax or legal advice.

You should consult your individual tax or legal professional before taking any action that may have tax or legal consequences. Truist Securities is the trade name for the corporate and investment banking services of Truist Financial Corporation and its subsidiaries, including Truist Securities, Inc. New York City residents: Translation or other language access services may be available.

When calling our office regarding collection activity, if you speak a language other than English and need verbal translation services, be sure to inform the representative.

A description and translation of commonly-used debt collection terms is available in multiple languages at www. Thank you for choosing SunTrust now Truist. We welcome the opportunity to serve your financial needs.

This may include differing underwriting guidelines, product features, terms, fees, and pricing. SunTrust is now Truist. If you already have SunTrust accounts, please keep using SunTrust. Home Skip to main content Skip to footer. When you have banking questions, we have answers. Chances are, you've probably got a question or two.

What will I need to provide when I open an account? You should consult your individual tax or legal professional before taking any action that may have tax or legal consequences. Truist Securities is the trade name for the corporate and investment banking services of Truist Financial Corporation and its subsidiaries, including Truist Securities, Inc. New York City residents: Translation or other language access services may be available. When calling our office regarding collection activity, if you speak a language other than English and need verbal translation services, be sure to inform the representative.

A description and translation of commonly-used debt collection terms is available in multiple languages at www. Thank you for choosing SunTrust now Truist. We welcome the opportunity to serve your financial needs. This may include differing underwriting guidelines, product features, terms, fees, and pricing.

SunTrust is now Truist. If you already have SunTrust accounts, please keep using SunTrust. Home Skip to main content Skip to footer.

Managing Overdraft Services. What are my Overdraft Coverage and Overdraft Protection options? Check out this simple scenario for how Overdraft Services could work for you:. Click the tabs below to see possible outcomes on how our Overdraft Services solutions can help:. Overdraft Protection. Overdraft Coverage. Learn how Overdraft Services are applied to different transactions. Select an option. We welcome the opportunity to serve your financial needs.

This may include differing underwriting guidelines, product features, terms, fees, and pricing. SunTrust is now Truist. If you already have SunTrust accounts, please keep using SunTrust. Home Skip to main content Skip to footer. Overdraft Services. Read Transcript. Hide Transcript. Resource Center. Podcast: Depending on the honor of thieves You never want to hear that your data has been breached.

If funds are not repaid back to the Overdraft Assurance account before the 4th calendar day after the date advances are posted to your credit line, interest will begin to accrue. Exclusions and limitations apply. Scholarships are one of the best ways to pay for a higher education. Learn more about how you can take advantage of this option as you plan for college. This tool helps you budget for expenses that are directly related to the cost of getting ready to attend college.

This tool shows how pursuing a higher education may pay off financially during your earning lifetime. For more details about Wire Transfers with SunTrust, call SunTrust Incoming wire instructions are also available by calling Link opens a new window. Robb Variable Corp. Investment advisory services are offered by Truist Advisory Services, Inc. Comments regarding tax implications are informational only.

Truist and its representatives do not provide tax or legal advice. You should consult your individual tax or legal professional before taking any action that may have tax or legal consequences. Truist Securities is the trade name for the corporate and investment banking services of Truist Financial Corporation and its subsidiaries, including Truist Securities, Inc.