Overdraft Coverage Options
Life happens! Evans Bank understands that unexpected overdrafts occur from time to time – Overdraft Coverage can help.
The choice is yours. Consider these ways to cover overdrafts:
| Service | Cost |
|---|---|
| Overdraft Protection Line of Credit1, 2 | Subject to Interest Charges, 18.99% APR as of 10/29/20 |
| Safeguard Overdraft Service (SOS) | $37 Overdraft Fee per item. Daily fees will apply after the 5th business day. |
1 Call us at 716.926.3313 for more information, or come by a financial center to sign up or apply for these services; 2 Subject to credit approval.
Overdraft Protection services apply to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from a line of credit you may have at Evans Bank for a finance charge. Please note that overdraft lines of credit are subject to credit approval.
| Transactions Covered with Safeguard Overdraft Service (SOS) | Standard Coverage (No action required) | Extended Coverage (Your consent required on consumer accounts)* |
|---|---|---|
| Checks |  |
|
| ACH – Automatic Debits | |
|
| Recurring Debit Card Payments | |
|
| Online Bill Pay Items | |
|
| Internet Banking Transfers | |
|
| Telephone Banking | |
|
| Teller Window Transactions | |
|
| ATM Withdrawals | — | * |
| Everyday Debit Card Transactions | — | * |
*If you choose Extended Coverage on your consumer account, ATM withdrawals and everyday debit card transactions will be included with the transactions listed under standard Coverage. If you already have Extended Safeguard Overdraft Service (SOS) coverage, it is not necessary to request it again. Business accounts automatically have Extended Coverage.
If you would like to select Extended Coverage for future transactions: call us at 716.926.3313 or visit any Evans Bank branch.
You can discontinue the Safeguard Overdraft Service (SOS) in its entirety by contacting us at 716.926.3313, or by visiting one of our financial center locations.