What you need to know about Overdrafts

An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in three different ways.

Balance Transfer Service

Identify a PeoplesBank savings product to automatically transfer available funds. Please refer to a current Service Charge brochure for applicable charge(s).

Overdraft Privilege Service

PeoplesBank offers an optional overdraft privilege program to better serve you. To be eligible for a discretionary overdraft limit your account must meet certain requirements. Your overdraft limit will be calculated based on recent deposits into your account, and may be reviewed and modified quarterly. Additional eligibility requirements may apply.

Overdraft Line of Credit

If you apply and are approved for this optional service, you may save money on the total service charges you pay us for overdraft protection services. Please see the Overdraft Protection disclosure for more information.

To apply, visit one of our convenient offices or call 413.538.9500 for an application.

Overdrafts should not be used to pay ordinary or routine expenses and you should not rely on overdrafts as a means to cover these expenses. If at any time you feel you need help with your financial obligations, please contact a Customer Solutions Representative at 413.538.9500.