Overdraft Coverage FAQs

It is important to understand Standard Overdraft Coverage1 and how it affects you. That's why we've provided some of the most commonly asked questions and answers below.



What is Standard Overdraft Coverage?

With this coverage, we may pay checks or authorize CheckCard, ATM or other transactions, subject to our published overdraft fees, even if you don't have enough funds in your account to cover these transactions.

Our Standard Overdraft Coverage does not cover everyday CheckCard or ATM transactions if you overdraw your personal checking and linked overdraft protection account, unless you have specifically consented, or "opted in", to the coverage. (Checks you write, automatic bill payments and other debit transactions are still eligible for coverage).

If you do not opt in to Standard Overdraft Coverage for everyday Checkcard and ATM transactions, Regions will not charge you an overdraft fee for transactions that Regions authorizes while you are not opted in to that coverage, but which settle into overdraft after authorization.



Are there other options besides opting in for Standard Overdraft Coverage?

In addition to Standard Overdraft Coverage, Regions offers Overdraft Protection. This service allows you to have funds automatically transferred to your checking account from another Regions account, savings account, line of credit or credit card in the event of an overdraft.  Please be aware that Regions Overdraft Protection is not the same as Standard Overdraft Coverage, and you must apply separately for Overdraft Protection.



Can I have Standard Overdraft Coverage if I already have Regions Overdraft Protection?
Yes. Customers who have Regions Overdraft Protection may also be covered by Standard Overdraft Coverage in the event linked account funds are unavailable.



What are "everyday CheckCard transactions"?

They're the daily purchases you make with your CheckCard. Examples include making a purchase at a store, restaurant, gas station, or online. 

Ongoing preauthorized payments you've set up, such as paying a monthly gym membership or other automatic monthly CheckCard payments, are not considered everyday CheckCard transactions.



What if I make a deposit to cover an overdraft?

Your account may be overdrawn even if you think you have sufficient funds. At times you may have used Standard Overdraft Coverage and not even realized it. For instance, you may have used your CheckCard when funds from a recent deposit weren't available yet, or maybe you used your CheckCard before making a deposit later in the day. If you are not opted in to Standard Overdraft Coverage for your everyday CheckCard and ATM transactions, those transactions may be declined if you don't have sufficient funds in your checking and/or overdraft protection account to cover them at the time of the transaction, even if you plan to make a deposit later that same business day.



Is an election required for Standard Overdraft Coverage on my business account?

No, an election is not required. If eligible, Regions will extend Standard Overdraft Coverage to business checking accounts to cover transactions in the event checking and/or linked account funds are unavailable.



What are the fees for overdrafts?

Both the Paid Overdraft Item fee and the Returned Item fee are $36 per item, and the Overdraft Protection Transfer fee is up to $15 each day a transfer occurs. Each of these fees are subject to change. Regions will charge you a combined total of no more than six (6) Paid Overdraft Item and Returned Item fees per day. Please visit www.regions.com/personal_banking/overdraft_options.rf for more information.



How do I opt in/out for Standard Overdraft Coverage for ATM and everyday CheckCard transactions?

You can change your election at any time - by calling us at 1-800-947-BANK (2265), make an election at most Regions ATMs, or by logging in to Regions.com and selecting Overdraft Coverage Options from the Customer Service menu.



What personal accounts are eligible for Standard Overdraft Coverage?

Personal checking and money market accounts are eligible for Standard Overdraft Coverage.



If I opt in or out, when does the change take effect?

Changes made prior to 8:00 PM CT on any business day will be effective for the following business night's processing.



Is there other important information I need to know about Regions Standard Overdraft Coverage?

Information specific to Standard Overdraft Coverage can be found here.

For more information, please refer to the disclosure titled "What You Need To Know About Overdrafts and Overdraft Fees." This can be found by visiting regions.com/coverage.

1. The Regions SafeGuard Checking account (currently available only in select markets) is subject to special terms and conditions regarding overdraft coverage, and those terms and conditions may differ from the information provided on this page and on pages that are linked to this page. SafeGuard Checking customers should refer to the terms and disclosures for the SafeGuard Checking account or talk to a Regions banker for information about overdraft coverage for SafeGuard Checking.