An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We have standard overdraft services that may come with your account.
At KeyBank’s discretion, we do authorize and pay overdrafts for the following types of transactions:
KeyBank does not authorize and pay overdrafts for the following types of transactions unless you ask us to:
We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay every type of transaction. When an overdraft is paid, standard overdraft fees may be assessed. If you do not consent to Overdraft Services, however, you may be able to minimize your risk of incurring overdraft charges.
There are three convenient ways to provide your Overdraft Services consent or to find and/or change your current Overdraft Services option:
You may also have the option of not allowing KeyBank to pay any transactions when your account does not contain sufficient available funds. Please contact your KeyBank branch or your Relationship Manager for more information.
*Excludes all checks and automatic bill payments.