Overdraft Coverage Options

Everyday debit card transactions include one-time purchases or payments at grocery stores, gas stations or other merchants. Recurring debit card transactions are set up to pay automatically and include recurring insurance premiums and gym membership dues.

We understand that you may occasionally need to make a transaction that exceeds the balance in your account. Your authorization allows Broadway Bank to consider paying the overdraft.

Overdrafts are paid at the bank's discretion. We do not guarantee that we will always authorize and pay any transaction type when there is not enough money available in your account to cover the item.

Yes, your ATM and everyday debit card transactions will be declined if there are insufficient funds available in your account to cover a purchase.

There is no fee for this coverage if you never use it. If the bank authorizes an item that overdraws your account, a fee of $35 will be charged (as outlined in our fee schedule).

Yes.  Broadway’s Overdraft Protection (linked accounts) allows us to automatically transfer from your Broadway savings account, checking account or an overdraft line of credit if the balance in your checking account isn’t sufficient to pay an item. However, because the Overdraft Protection program is part of our Overdraft Services system, if you don’t have enough money in your checking account, your everyday debit card purchases and ATM withdrawals will be declined, regardless of the balance in your linked accounts, unless you add (opt-in) to overdraft coverage.