Options for Personal Overdraft Coverage

Managing your accounts regularly is one of the best ways to avoid overdrafts. To help you when the unexpected occurs, we offer two types of overdraft coverage so you can choose what is best for you.


Overdraft Privilege


Transactions Standard Coverage
(no action required)
Extended Coverage
(enrollment required)
Checks
ACH - Auto Debits
Recurring Debit Card Payments
Teller Window Transactions
Everyday Debit Card Purchases
ATM Withdrawals
There is no cost for overdraft coverage unless you use it.
If you have an overdraft, there is a $36 fee1,2,3 per transaction if your account is overdrawn by more than $50.

If your account qualifies, your checking account will automatically receive Overdraft Privilege - Standard Coverage which covers the transactions listed in the chart above. If you do not have sufficient funds during one of these transactions, this service will pay the transaction for you for a fee of $361,2,3 if your account is overdrawn by more than $50, up to your overdraft limit.

For new checking accounts, you will receive Overdraft Privilege Standard Coverage after your account has been open for 31 days and is in good standing. Overdraft limits up to $1,000 are available based on account type and eligibility criteria and may change over time. You can find your current overdraft limit in your Account Details available on My Synovus, by calling Synovus Customer Care, or visiting a local branch.

To also cover everyday debit card purchases and ATM withdrawals, you can sign up for Overdraft Privilege - Extended Coverage.4 Without this service, these transactions may be declined at the time of purchase if you do not have sufficient funds. You can sign up for Extended Coverage at account opening, or simply contact us through any one of the following channels:

  • Use My Synovus to navigate to Account Details to update your overdraft enrollment
  • Visit a local branch
  • Call us at (877) 803-4810
  • Download & mail us a completed Overdraft Privilege Extended Coverage Consent Form

You can always discontinue Overdraft Privilege in its entirety if you choose. If you do so, transactions that would result in an overdraft may be declined or your items returned if they would overdraw your account by more than $5. To discontinue services, call us at (877) 803-4810 and press option 0.


Overdraft Protection


Linked Account Cost
Another deposit account you have with us No fee
Synovus Bank credit card for cash advance5 Subject to card fees + interest
Synovus Bank Line of Credit (LOC)5 Subject to LOC fees + interest
Overdraft Protection may help prevent overdrafts by automatically transferring funds to your checking account from another account, a credit card cash advance, or line of credit you have with us.

You can link your checking account to another Synovus deposit account, credit card, or line of credit through Overdraft Protection to help prevent overdrafts by automatically transferring funds to your checking account from one of the sources listed in the chart above. This service applies to most checking account transactions and when used in combination with Overdraft Privilege gives you plenty of overdraft coverage for the unexpected.

To get started with Overdraft Protection, contact us or visit your local branch.

Don’t have a savings account yet? Visit your local branch to meet with a banker and discuss what account options are best for you.

Compare Savings Accounts


Managing Your Money

  • Avoid unexpected overdrafts. Know how your balance is calculated and remember reoccurring payments you’ve set up or checks you’ve previously written. Use My Synovus6 digital banking to keep track of your spending on the go. You can check your balance, set up low balance alerts, or easily transfer funds between your accounts. 
  • Get account backup. Linking another account or a line of credit with Overdraft Protection could be a less expensive option to cover unexpected overdrafts. A single funds transfer may provide the overdraft coverage you need, as opposed to multiple overdraft fees per transaction.
  • Combined support. Use Overdraft Privilege (Standard or Extended) and Overdraft Protection together for added support to cover you if the unexpected occurs.
  • Choose a bank account that's right for you. Synovus Budget Checking is an account that does not offer overdraft coverage to prevent you from adding up costly overdraft fees if you’re still learning the ropes managing your money. This account features a low monthly fee7 and no overdraft fees.

Additional Information on Fees and Charges

  • If multiple transactions overdraw your account on the same day, each transaction will be assessed an overdraft fee of $361. All fees and charges will be included as part of your Overdraft Privilege limit amount. Your account may become overdrawn in excess of your overdraft limit as a result of a fee.
  • There is a limit of 3 overdraft fees $1081 per day we will charge. We will not charge an overdraft fee if your account is overdrawn by $5 or less. For accounts enrolled in Overdraft Privilege (Standard or Extended Coverage), we will not charge an overdraft fee if your account is overdrawn by $50 or less.
  • An unauthorized overdraft may occur due to certain must-pay transactions if you exceed your available balance (including Overdraft Privilege limit, if applicable). Frequent unauthorized overdrafts may results in temporary suspension of overdraft coverage or restriction on the use of your debit card.
  • Giving us your consent to pay everyday debit card and ATM transactions may result in you incurring overdraft fees for transactions we would otherwise be required to pay without assessing an overdraft fee. However, this would allow us to authorize transactions up to the amount of your Overdraft Privilege limit. It may also help you avoid unauthorized overdrafts, which could result in restriction on the use of your debit card.

Posting Order

  • Our Order of Payment, which explains the order in which transactions are posted to your account, is provided below, in your Schedule of Fees and Charges, and on the back of your monthly statement. Overdraft coverage options are available on our website or through your banker or Customer Care. In addition, if you are eligible for or enrolled in our overdraft privilege program you will periodically receive a description of options for covering unexpected overdrafts, which contains more information regarding how items are deducted from your account balance, how you can prevent overdrafts from occurring, and how to prevent items from being declined for payment due to your account being overdrawn.
  • This section describes our general practice for paying transactions from your account. We may vary the order of payment if items are presented that cannot be returned unpaid. We reserve the right to change how we pay transactions from your account and will provide you notice of these changes. After the close of the business day, we add your deposits and other credits to your account. We then deduct any fees and charges owed to us. Finally, we deduct all items presented for payment. The order these items are deducted from your account balance is based upon the type of transaction and, for electronic transactions, when the transaction was performed by you or was received by us. First, we pay outgoing wire transactions in the order they were made. Then, we pay electronic transactions (First, we pay preauthorized ACH debits, then ATM transactions, and then debit card transactions.) in the order they were performed by you or were received by us. Next, we pay unnumbered checks and other items drawn on your account by dollar amount in ascending order. Finally, we pay checks drawn on your account in ascending check number order. However, exceptions will occur. Holds on funds (described below) and the order in which transactions are paid may impact the total amount of overdraft fees assessed.

Restrictions and Holds

  • Although under transaction processing requirements we may be obligated to pay some unauthorized debit card transactions, we will not authorize debit card or ATM transactions unless there are available funds (including Overdraft Coverage options, if applicable) to cover the transactions and any fee(s).
  • An overdraft can occur when one or more debit items (for example: check, ATM, debit card, etc.) attempts to clear your account in an amount that exceeds the Available Balance of your deposit account. “Available Balance” is calculated by taking the prior business day’s ending Ledger Balance and subtracting funds being held to cover pending transactions. A pending transaction is a transaction the bank is aware of but has not yet cleared your account and might include must-pay debit card transactions or deposits made to your account for which funds have not yet been collected. “Ledger Balance” is typically the balance from the close of the previous business day. Neither Ledger Balance nor Available Balance reflects any transactions the bank does not know about such as checks written but not yet received by the bank.
  • Except as described in this document, we will not pay transactions if your account does not contain available funds (including the Overdraft Privilege limit) to cover the transaction(s) and the amount of any fee(s).
  • We may restrict your debit card use or rescind your access to Overdraft Privilege if you incur overdrafts in excess of the available funds in your account, including any Overdraft Privilege limit.
  • We will place a hold on your account (for up to three business days) for any authorized signature-based debit card transaction until the transaction settles. When the transaction is received for final settlement, the hold will be released and that amount added back to your “Available Balance” in conjunction with the settlement of the transaction to your account. If your account is overdrawn an overdraft fee may be assessed.

Other Disclosures

  • Overdraft Privilege is not a loan or a line of credit; it is a discretionary overdraft service that can be withdrawn at any time without prior notice.
  • Overdraft Privilege may be discontinued if you default on any loan or other obligation to us, if your account becomes subject to any legal or administrative order or levy, or if you fail to maintain your account in good standing by not bringing your account to a positive balance within 32 days for a minimum of one business day.
  • All account owners will continue to be liable, jointly and severally, for all overdraft and fee amounts, as described in the Terms and Conditions of Your Account. The total (negative) balance, including all fees and charges, is due and payable upon demand.

Important Disclosure Information

  1. For Military Checking accounts, the overdraft fee is $29 per transaction, up to a limit of 3 per day ($87). Back
  2. If multiple transactions overdraw your account on the same day, each transaction will be assessed an overdraft fee of $36. All fees and charges will be included as part of the Overdraft Privilege limit amount. Your account may become overdrawn in excess of the Overdraft Privilege limit amount as a result of a fee. Back
  3. There is a limit of 3 overdraft fees ($108) per day that we will charge. We will not charge an overdraft fee if your account is overdrawn by $5 or less. For accounts enrolled in Overdraft Privilege (Standard or Extended Coverage), we will not charge an overdraft fee if your account is overdrawn by $50 or less. Back
  4. Giving us your consent for Overdraft Privilege Extended Coverage may result in you incurring overdraft fees for transactions we would otherwise be required to pay without assessing an overdraft fee. However, this would allow us to authorize transactions up to the amount of your Overdraft Privilege limit. It may also help you avoid overdrafts in excess of your available funds, which could result in restriction on the use of your debit card. Back
  5. Subject to credit approval. Back
  6. Use of the My Synovus mobile app requires your mobile service provider's data and /or text plan. Message and data rates may apply. Back
  7. A $5 monthly fee applies. Minimum deposit to open is $25. Back

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